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Mortgage Required
Doing this on the advice of one of the members here... I have a house value 120k(notional) Santander Mortgage 60K(interest only) ....due for renewal December Have moved out....seeking a remortgage to clear debt.Bought house when it was trashed and have doubled the value of the house in the worst recession my lifetime.....…
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Another affordability check moan
I asked my current mortgage provider to check for the best mortgage to be on as we're on SVR at the moment. I also wanted to know how much we could borrow as we're thinking of moving. Due to their affordability check, they can't offer us a new mortgage for moving house, nor due to one late credit card payment last July,…
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Our Spanish friends...
Can any brokers advise what the workload is like over there? My vendors are 5 weeks past offer acceptance and there is still no valuation booked? Useless estate agents says they have a back log and this is normal for them?
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Hello mortgage brokers! Do I need you?
Hi, I own my own home, with no mortgage, and would like to extend it (new dining room, utility room, sitting room, bring outside loo inside). In an ideal world I would also have the loft converted. I have a second house in the city where I work which I usually use for 3 nights per week, this has a £100k mortgage. I would…
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200 thousand pound mortgage wanted. Advise wanted :)
Hi All, I am about to start saving for a deposit for a mortgage... Which is the best mortgage company to go with at the minute and any advise on saving for a deposit? I want to get a 200 thousand pound mortgage or is this unrealistic? Please help :)
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leeds building society delays-
HI All , what are the Leeds building society reviews , experiences here for current month or last one. HAs anyone had issues with delays. Applied for FTB shared ownership mortgage and so far they only asked for one doc and provided, so now it is all quiet.
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ReMortgage or not (deal ends 2018)
I'd like some advice as to whether I'd save some money switching my mortgage at this point. I am on a 5 year fixed rate with RBS at 4.79% which ends at the end of Jan 2018. The penalty for coming out of the fixed rate is I think 5% in the first year, 4% in the 2nd, 3% in the 3rd, 2% in the 4th and 1% in the final year. So…
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Any experience of Aldermore
They are currently doing 95% ltv, help to buy. Rates arent great, but they dont credit score, and manually under right. Hoping to get 95% but have 2 late payments to a communication provider one in June and Sept last year, which genuinely was a blip, and have documents to prove this, but cant get it through credit scoring…
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Is it time to remortgage?
Hi We have a 125% together mortgage from Northern Rock / NRAM We currently owe NRAM 15k loan and 135k mortgage with a house value of 150k so we finally break even after payments / house price recovery. Unfortunately for me there are no 100% remortgage deals for 150k. But at 90% LTV for the mortgage part only I now have…
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Everyone says NO!
Hi all, maybe someone could post me in the right direction if I have come to the wrong thread. Me and my husband would like to buy our house I have a right to buy on it, we have saved 10K. The problem is I was made bankrupt in 2007 and was discharged in 2011 and the banks have all said NO as soon as I have mentioned it. I…
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Lenders benefit from MMR with product transfers
Correct me if I am wrong but isn't this new MMR a great excuse for lenders to keep their customers on SVR? There must be millions of people out there that would fail new MMR rules when their existing fixed rates comes to an end. So what happens? Lender insists on applying MMR affordability checks, they fail and customer…
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Do we need a broker?
Hi everyone I'm looking on buying a house with my girlfriend at some point this year. (We're in no particular rush to get our own place although excited by the thought) I live and work in Liverpool which is where we are looking to buy, she currently lives down south so will be looking for a new job up here to relocate.....…
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Finally... a light at the end of the tunnel!!
Hi All, I'm a long suffering NRAM customer who might just have the chance of switching to another provider :T I've spoken with a mortgage advisor this morning and they've given me 3 options. I wanted to post them on here to see what people think as I have no prior experience of re mortgaging until now. A quick overview of…
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Help - Remortgaging - transfer of equity/solicitor questions
Hi all, I’d posted previously in relation to setting up a re-mortgage on my current property whereby I am looking to transfer equity/title into my sole name, removing my ex (never married) from the current deed/mortgage. I had asked a few questions on the forum about this and also discussed with L&C and was assured that…
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Halifax to cease lending to existing homweowners in new HTB-EL cases?
Just received the attached message from Persimmon - it came as a shock to me that Halifax are withdrawing from lending HTB-EL for newbuild properties where the borrower is already a homeowner - surely this is wrong! Are existing home owners about to be excluded from the Help to Buy scheme? Considering Help to Buy? Act now!…
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Mortgage for less than value but more than purchase price
Hi all, Apologies if this has been covered before (I did a search before posting but couldn't find anything really relating to my query). Background: A friend has recently offered myself and my partner the chance to buy their home for quite under the estimated valuation. The valuation is in the region of £100,000 to…
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Mortgage Application - Partners Credit
Hi folks. Looking for some guidance. Myself and partner looking to buy out first home. We almost have the deposit and meet affordability fine, problem is she has had previous credit troubles. She has a default on credit card, from a couple of years ago. She basically ended up in trouble as she gave her partner part of her…
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Releasing equity from parents house for my 1st home deposit?
Hi all, I just want to get some advice/opinion on the below idea in regards to my parents property: My mum bought her home for £22,000 around 20 years ago. She has roughly 5-10 years left on her mortgage. Recently, the home has been valued at £98,000. I suggested the idea of taking £10,000 out of that profit for my own…
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Shared Equity Mortgage query
Hi all. I have a mortgage query and after having spent over an hour on hold with my mortgage provider this morning without speaking to anyone I thought I'd try here! My husband and I bought our new build in 2010 on an 80/20 split with our builder. We have a shared equity mortgage. We have recently paid off our loan from…
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ReMortgage House Valuation
Hi, I was wondering if anyone can help me, this is my first time remortgaging, so not sure of the processes involved. My husband and I are currently in the process of remortgaging our house with the Halifax, and recently had a survey carried out to value our house, which came back considerablylower than what I had advised…
