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Mortgage Advice on a fixed contract
Hello, I have been working at my current job since December. I started as a temp through an agency, then in February I was taken on directly by the company on a 6 month fixed term contract. My contract has now been renewed until an unspecified point in time (it says in the contract until the new computer system is in…
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Virgin Media credit check before completion
Hi all, we are first time buyers, we exchanged last week and our completion date is the 20th. We will still have our rental house until 30th when we hand back the keys for that. We need to get the broadband up and running at the new property asap as I am a web developer and have to be on call for out of hours support at…
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Affects of Mortgage Market Review
Im just out of my fixed rate deal, my broker has spent the last two months sourcing a deal for me. Current situation is I have a current loan to value of 72% and I'm looking to re fix my existing mortgage for a further 5 years, the loan amount is 2x my annual salary, i have one HPI and no bad debt. I pass the affordability…
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Money for deposit
We are currently saving up for a deposit for our first house. My boyfriend starts with a new company in September after finishing uni. This company offer a 'relcation/start up allowance package' They will give him a lump sum of interest & tax free cash which he pays off each month over 3/4 years. My question is - would we…
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Will I do better?
At santandar at moment fixed deal at end being offered 2.39 fixed for another two years with £900 fee which I'll pay owe £115k and will repay £786 14 year mortgage this on a repayment at moment have a part interest only and want it all on repayment presently paying £731 with 40k on interest only house worth £240k
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Time of bid vs early repayment charge
Hi We have just received a bid on our house. However we have a fixed mortgage till August which incurs a 3% early repayment fee. I'm trying to get my head around how this works with regards to dates. For example, if we accept the bid today but with a move in date of August (by which time the fixed rate has expired) would…
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Loan for extension.
Any help would be appreciated Our house is currently on the market with a view to us moving to a 4 bed, although we currently havent had much interest. Weve a DIP from Halifax for up to £197k. However we are now contemplating the idea of staying put and extending on ours. However it is whether we can finance this. Our…
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Mortgage for 69 year old
Having sold my property in order to move to a quieter, pleasanter area I need an extra £30 - 40,000 to do this. I will be 70 next month, am very fit and healthy - am I able to get a mortgage for 10 years, or any mortgage for any length of time?
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Possible repossession. Getting it off my chest. Miss-sold mortgage?
Hi everyone. I am going to court on Friday as I have built up heavy arrears on my mortgage account due to being self employed and not being able to afford the payments. I was told by Accord mortgages that it is a hearing that will accept viable proposals though after reading Accords witness statement, it seems clear they…
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mortgage againt my invalid pension
I am getting increasingly frustrated with banks refusing me a mortgage based on my income. I pay rent as a private tenant and pay £675 a month, this money comes straight from my military invaliding pension. all other bills come from my low income and tax credits etc and as a family of 5 we get by ok. what id like to do is…
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Best mortgages, best to go with a broker or direct?
hi looking to get a 220k propoerty with a 30-40k deposit. is it best to go with the free independant mortgage brokers in the EA or direct to the banks. the advisors go on about special rates not available to the general public or the banks own staff. looking at 5 yr fixed rates.
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Best way to save for mortgage shortfall
Hi all, I have unsuccessfully tried to get compensation for my endowment mortgage mis-selling, so I am facing a £25,000 shortfall in 10 years time. My question is, what is the best way to save for this? Is it just a case of putting aside a not insubstantial £208 per month? Any advice welcome. Thanks. K.
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Nationwide affordability test - what happens?!
Hi This may be a frustrating repetition of a previous thread, but please be kind! I have an affordability appointment so that I can take over part of the mortgage. My boyfriend owned the house we live in with a friend, and we're now taking him off the mortgage and putting me on in a transfer of deeds. Next week I have an…
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Woolwich Mortgage - Offer Extension
Hi guys, Buying a new build (off plan) and have been offered a mortgage from Woolwich but worried about the offer expireing before the house is built, builders say it will be ready end of Sept but offer runs out mid Oct. Does anyone have any knowledge or experience of what Woolwich will do if offer runs out? Will they…
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Will applying for store credit mid-mortgage application cause problems?
We are mid-mortgage application and are needing to purchase an item ASAP!! However the mortgage being held until our current product runs out end of July. Will it effect the mortgage if we get the store credit ?
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Being bought out
Hi All, Sorry if this has been asked to death but I did a quick search and couldn't find an answer. I own a house with someone else, they live at the property and I don't. I'm now at a stage where I'd like to sell or for them to buy me out. They would prefer just to buy me out but are worried about the process with the…
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Losing my patience with Clydesdale - is anyone else dealing with them?
We are FTB's waiting for a decision from clydesdale bank. We applied through a broker. 06/05 Offer Accepted 08/05 Mortgage application submitted with all documentation they could possibly want! 18/05 told all documentation was signed off and booked valuation for following day. 19/05 Valuation done on property 22/05 They…
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Change in circumstance mid mortgage application - should I risk it?
Hi guys, My and my other half are in the process of applying for a mortgage for a new build. We are waiting for the mortgage lender to get back to us and offer us a suitable product on Monday. We should then proceed with the application and they said that they should be able to process the application in 2-3 working days.…
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How does porting (and extended borrowing) usually work?
Although I will be contacting my mortgage provider (Skipton) for exact details I thought I would try and get some idea of the principles for porting my existing mortgage before I have to go through hundreds of different options on the telephone system to actually talk to someone. Essentially, my situation is this. I have a…
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Mortgages later in life ?
Just having a wonder.... Several years ago we tried to obtain life insurance on husband but were refused due to ongoing health risks . The risks haven't changed so I assume insurance would still be refused. We only tried the one company at the time. The issue is, we would quite like to move to a bungalow but all…
