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When do endowment payments stop?
I'm currently in the enviable position of having an endowment policy about to mature. Well, it would be an enviable position if it paid out what was originally intended, but that's by-the-by. My question is, the policy matures on 7th July 2014, so tomorrow I make what I think could be the final payment, but will a payment…
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mortgage after discharge Scottish trust deed
Hi Hubby & I both took out trust deeds in July 2010, hassle free 3 years & discharged in January 14. Have decent disposable income (trust deed was £900 between us a month). There will hopefully be a bigger house in our estate coming up for sale in about 15 months, which would be fabulous for us. Our mortgage at the moment…
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Need some advice please! >
SO and I want to buy a house together. He has decent credit rating, I don't. The flat we want is for £105k which, according to the calculators around, he can get with his own salary. Is there a way that I can get my name on the flat too without being on the mortgage? I won't get a mortgage cause of my credit rating (it'll…
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Remortgage advice.
Hello everybody, first post, be gentle :) I'm looking for advice. I currently have a joint mortgage and will be looking to remortgage and remove the other named person from the mortgage (ex partner). I will be looking for an 85% ltv mortgage, however in order to obtain the required amount i will need to invest approx £3000…
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Santander Decision in Principle - how reliable?
Hi all We are buying a new build property through help to buy equity loan. We met with our mortgage advisor a few weeks back and he advised santander was the best for our circumstances. We have heard back from him to say he has got us an agreement in principle and all has gone through fine and that he has gone ahead with…
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Should/Can i take out MPPI?
I'm at teacher in an army school and we were given a letter on Friday stating that their may be a redundancy situation. Basically there is; we've been told we will have to fill out forms at the beginning of September and we will be informed on the 25th of September as to whether we have kept our job or not. Am I eligable…
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Offset mortgage query - buying house for parent until their house is sold
It's been a number of years since I applied for a mortgage but I'm currently trying to help my mum move closer and have a few questions which someone might be able to help with please. My mum's house is on the market and I would hope it will sell within a year. In the meantime, we'd like to buy a house here for her with…
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Mortgage problem
Hi i hope there is someone out there that can help me. I'm currently going through a divorce and my wife is trying to get the house awarded to her by the court. The house is in my sole name We have no dependant children I have cash offers for the 3 bed property for £187,000 and £155,000 She has a valuation by a surveyor…
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Nationwide Extend Main Loan & Borrow More
Hi all, Not sure if someone here knows this as Nationwide call center is closed today. I have a mortgage and have been fortunate to make overpayments which were set to reduce the term. I'd now like to move home and would ideally like to port my mortgage due to it being on the SVR with the bonus of having the payment…
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will i be able to get a mortgage?
Hi people This is my first post so please be kind :) I am currently going through the prosess of splitting up with me partner, we have been living in rented accomidation for about 4 years. I am having to move out so as im 30 now i thought it is a good time to get my own mortgage and some kind of security. Im self employed…
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Mortgage affordability calculation when employment is abroad
Hello, I am currently in the position of being made redundant but fortunate enough to have a couple of employment options. One of these options would be a permanent role in Switzerland, which I would intend to commute to each week from the UK (four days in Switzerland and three days in the UK per week). I would need to…
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Should I wait 2 weeks
DIP agreed and Nationwide require bank statements from us both. Last month my account was 700 OD in agreed limit and now out of it. But it would show on the last months statement. My other half has over 2k in her account with bills coming out. We have been accepted so far for a 263k mortgage we are putting down 15% so the…
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Do we stand a chance?
Hello lovely people, My husband and I are looking to upsize following the birth of our beautiful son 18 months ago. We currently have an interest only mortgage with GE Money, for 103,000. We are under offer for 140,000, and once we have covered fees will have 33,000 deposit. We have seen a place we like for 210,000. Here…
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How much deposit required on second mortgage?
We're currently on the market trying to sell our house when today I found out the house down the road that sold for 100k has been de-valued by the surveyor to 90k. Our remaining mortgage is £92k and we were hoping to achieve 100k in order to move (we bought in 2007 for 106k :( ). Our chances are looking slim right now. So…
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FTB - will small second income help affordability?
Hi everyone, Single first time buyer in need of a bit of advise. I'm planning on getting a broker, but any info now would be great. I've been plugging my numbers into various 'affordability calculators' for different lenders online and I'm finding the amount they'll lend isn't what I'd hoped post these MMR rules. My…
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£70K income and cannot borrow £180K with impeccable credit score/rating HHHEEELLLPPP!
Hello, help or advice needed. We are looking to extend our bungalow and need to raise another £30,000 on our mortgage however we own 9 rental properties and our lenders (NATWEST) are now taking into account the buy-to-let mortgages held with a different lender. We have employment income of £35,000 + £10,000 rental income…
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Concrete property - survey refused by Colleys
Hey guys, I wonder what your thoughts are on this. I am a FTB and currently applying for a mortgage from Halifax. My offer on a concrete property has been accepted and payment has already been taken for a valuation & thorough survey. However the guy from Colleys rang me up on Friday to say that they did not do surveys on…
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New Build LTV
Hi We are looking at buying a new build and have paid £500 reservation fee to secure the plot. We had an affordability check meeting with Nationwide which confirmed the amount we could borrow and we had already done a lot of calculations ourselves to calculate monthly repayments, etc so know the repayments are fine. I've…
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Doubting my mortgage broker...
Hello, We're in the process of buying our first house, with no chain either side. We are still waiting for the mortgage offer, everything else is in place and ready for exchange of contracts. Our mortgage broker seemed good before we had had an offer accepted, but since the application has been being processed they seem…
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Interest Only Mortgage...what to do?
I have an interest only mortgage (30K with 17 years remaining) with a very low monthly repayment/interest rate and I want to know my best option in terms of paying it off sooner? My financial situation has recently improved and as I am only paying £38 per month and want to know if the best thing to is convert it to a…
