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FTB - MMR impact at 95% LTV?
Hi, I'm currently living at home with parents and saving for a deposit on my first home - obviously the new MMR rules are now in force and I'm just wondering what people's views on my situation are in terms of likelihood of acceptance and also whether there is much difference between 5% and 10% deposit. So, my situation is…
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Unfair penalty charges on a mortgage
Hi, I'm brand new to this site. A friend advised me to come here to get some advice so here I am. This is my first post. My wife died suddenly back in April of this year. She was 39. We have a 5 year old daughter who is doing remarkably well, all things considered. I have had a mortgage since 2003 & have never defaulted on…
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Joint Tenants but one name on mortgage?
Hi I wonder if anyone can clarify the current rules laws regarding a couple owning a house jointly but with only one of them on the mortgage? My husband recently applied for a mortgage on our new home and the bank aproved it in principle and simply said i needed to take advice yet I am reading all over the place it isn't…
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Involuntary landlord: remortgage??
Wonder if anyone can offer me some advice. I have owned a house (my first) bought at the height of the market in 2006, on a 30-year fixed rate 2 year mortgage with 10% desposit with Santander. The mortgage has since reverted to their SVR, about 4.8%. I have been stuck on the SVR ever since. In 2012 I was forced to move…
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Discahrged Mortgage
Hi, I'm new to this forum. My wife & I went bankrupt in June 2011 & discharged in June 2012. We are in the process of cleaning our credit files up & wondered how long we would have to wait to buy our own home? I have a small Ltd business and my wife works part time. Combined income would be £40.000 pa. We would be looking…
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WooHoo
Had our meeting with HSBC yesterday at 1000 for 2 hours and got approved at 1616 the same day. Have to say, I was a little nervous about it all. Hope I've done the right thing following their advice. We already have a mortgage with them with £70,900 owing with 16yr 2 months left (I'm 43 in Sept). Was planning on a 5 yr…
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Will missed credit card payments from 4 years ago affect mortgage application?
I'm hoping to apply for a mortgage within the next year with my partner, but I'm concerned that as I have missed payments on my credit report from 2010 I'll be turned down. Has anyone had missed payment history but still been accepted for mortgage? Otherwise I have a good credit history and my score is high. Since the…
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Airey type house repairs using 2000 PLUS Licensed Repair System
Me & my partner are looking at buying a house. It is perfect, but the surveyor and solicitors have raised some points that might need some further research into. The surveyor didn't raise this as a massive concern in his report, so we didn't look into this earlier. The house was built as an 'Airey' type property, which by…
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A Question for the Mortgage Experts...
My fixed rate expires at the end of Jan 2015. I am looking to sort a remortgage but think I may be too early. I see that most lenders offer a 3 month offer expiry period. Do any lenders offer a 6 month mortgage offer for remortgages? Thanks for your help.
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Best Deal Available
I wonder if anyone has any knowledge of any re mortgage deals available that is better than 2.15%. I would be looking for no fees involved if possible.I have a LTV of about 30% and looking to borrow a modest amount of 28k. I am currently with HSBC.
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Sorry posted in wrong forum please delete
Sorry posted in wrong forum please delete
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Crown jewel mortgage?
Due to the crazy market in London I've sailed over the 40% equity mark in the last year. I originally took a 4-yr fixed (right move at time) which is up in 1 yr. Is there a holy grail mortgage out there? I was browsing and HSBC do a lifetime tracker at 1.49% above base rate with a £999 booking fee and valuation fee. It's…
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Solicitors asking bank are they happy with gifted deposit? after offer issued already
Hi, been trying to get contracts exchanged, but all i seem to get is the solicitors dragging their feet. it's like they don't want me to have the house, or it just feels that was because i'm anxious :huh: The latest one is they are asking the lender if they are happy with part of the deposit coming as a gift from my wife…
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Help!! Advice needed on a Nationwide mortgage application!!
Hello My husband and I applied for a Nationwide mortgage yesterday and we were approved for an agreement in principle. We have booked in for the second part of the application process which as I understand it is a 3 hr phone call in a couple of weeks time. I was wondering whether anyone has had any experience of the new…
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Offer of loan help
I wonder if anyone can help me a query I have on my offer of loan? I will take this up with my mortgage lender tomorrow but they are closed for the day Im looking to purchase a house for £150,000 of which 15% will be my deposit of £22,500 and therefore will borrow £127,500. In the cost there is also an arrangement fee of…
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Morgage Offer Extension
Hi Guys, Just after a little reassurance, I have a mortgage offer with Virgin Money which lasts initially 16 weeks, its for a new build as as expected we "annoyingly" need an extension as they will complete the build just 5 days after the 16 weeks, now my broker spoke with Virgin a few weeks back to confirm the process and…
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Help is a secured load our only option!!
Could someone help my wife and I sort out a remortgage. We used all our savings to built a house extension a couple of years ago and got it 80% completed as at the time we thought it would be better than a remortgage. Now after two years we still haven't managed to get back on our feet so we spoke to a local mortgage…
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self build mortgage or normal mortgage?
I intend doing a self-build and have somewhere in mind (a run-down bungalow that I would knock down or turn into a house) I can do this by a 90% LTV "normal mortgage" and dont need the rigmarole of a self build mortgage but what are peoples thoughts on this? have i missed something, are there pro's and con's i should…
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First time buyer HELP!
Hello, My partner is looking to purchase our first house, he wants to get the mortgage for this house by himself. He is in the Army and has a really good income. We are ideally looking at utilizing the help to buy scheme but HSBC who he banks with aren't doing the scheme yet. I think he thought this would be easier than…
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How to pay for Stamp Duty?
Hi there, I am looking to purchase my first property with a partner, the stumbling block seems to be the stamp duty and how to pay it. We are looking to purchase a £390,000 house with a 10% deposit. We have a decision in principal and have pretty much already chosen the mortgage we will get. We have enough left over to…
