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FTB Mortgage Deal Ending
Hi All Me and my wife brought our first property in 2012. Our deal then was Halifax 95% LTV, 250K property, 237500 mortgage. Interest rate 5.95%, fixed 3 yrs, overall term 25yrs. Our deal actually expires in just over a year, so I thought id get my head around what will happen so I can get myself in the best position for…
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Engaged
Hi, We move into our new home next Friday, and have just gotten engaged Would we need to let our mortgage company/solicitors know? Or would they not care because its not really a change in relationship status? Thanks!
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Mortgage and Credit Cards
I've just read on here that some lenders look unfavourably as to how much available credit you may have. I have no idea if I have any old credit cards still open, but just wondered how I would check. I haven't used a credit card in years, but I did have a fair few in my 20s.
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How does affordability work?
So just been refused a mortgage with Halifax. I asked for 42k, I have 35% deposit. I earn 16500 a year. Credit check went through ok based on 35% deposit, I have a CTL property also with them and they were fine with that. It was affordability that was the problem. Any ideas if there is any way I can improve this, i'll…
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Payslips
This is just an initial enquiry as to how banks do mortgages these days. Is it still three months' payslips or do you need more as the rules have changed recently? Will it matter that my wages aren't the same every month? Some months I get paid for 12 days and some months for 15 days (depending on when my boss puts in the…
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Massive change in mortgage
Hello, this is my first post. I think it might be a bit of a dead end but I just wondered if anyone had some advice. If not, then maybe sympathy or common sense would just do! I sold my property late last year which I had bought with my ex. It was under sad circumstances (breaking up after a long time) and turned in to a…
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Consent to lease / fixed rate issue
Hi, I took a mortgage out with the Halifax a few years ago, took a fixed rate term for 4 years. At the beginning of the 3rd year I moved in with my girlfriend and leased out my property. I applied for the consent to lease and all was well. Now however my fixed rate is coming to an end on the 31st. I phone halifax to set…
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** aldermore mortgages ** do not use **
Ok, So I will keep it brief... If you use Aldermore Mortgages, then you will regret it!! - £750 Later.... (Read the small print) THEY ACCEPT YOU, AND STRING YOU ALONG FOR WEEKS THEN DROP YOU!! THIS KEEPS THE ACCEPTANCE FIGURES HIGH FOR DIP! Reality is in fact that 11% of their DIP go to the Completion. They have even…
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Tsb?
I applied for a TSB mortgage over the phone last thursday - it was approved, valuation paid for and was booked for today and they told me all I needed to do next was to hand my ID documents into my local branch. Went into branch saturday morning and they faxed everything across. Had a phone call yesterday from the EA to…
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Moving in together - both own houses
Can someone give me some advice and I apologise in advance if this question or similar has already been asked. I have recently got engaged to my girlfriend and we now want to move into my house together. We both own our own properties and therefore each have our own mortgage. I have a mortgage that was about 90% when I…
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Are changes to mortgage contracts fair?
The FCA is looking into the fairness of changes to mortgage contracts. Whether you've experienced a change or not, it wants to hear your views on how you think the market should work. From giving notice to change an SVR or fixed term rate to removing product features, changes are allowed if they're fair. What do you think…
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Help to understand my mortgage statement
Hi there, Nearly five years ago, I took a £97,500 mortgage from HSBC with on a fixed 7-year plan with an interest rate of 4.97% (big mistake I know). My latest statement shows that I still owe the bank £84,000 despite having paid £566 for the last 60 months. At this rate, it will take me another 50 years (rather than the…
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Natwest advice please!
Hi everyone, Any advice/thoughts/past experience would be greatly appreciated! My partner has a salary £40k but I am a phd student on a stipend of £16.5k. We went direct to Natwest (was very difficult to find a lender who would take stipends) and got an AIP for £260k ( they didn't do a credit check though :huh: ). We now…
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Help I do not know what to do :/
Hello, me and my partner are living with our parents and at moment we have our lovely little boy aged 2 months old :) However we do want a mortgage one day but I am the only one working full time 40 hours and I only earn 13,000 a year after tax, plus 4260 working tax a year. and my misses she gets 300 a month (child-family…
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Remortgage question
Hi, just a quick question to ensure I understand it correctly. We are currently on a fixed deal with ING direct which expires on 30 Sept 2014 (early repayment fees until then). We are looking at moving to Skipton and have had their conveyancing company asking for what date we want to start our remortgage. ING direct charge…
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Natwest proof of identity
Hello I have applied for a mortgage with Natwest via L&C. I am not on the electoral roll, Natwest therefore require proof of identity. L&C have said I need to send a 'tax coding notice' which I have asked for a copy from HMRC. L&C have told me I can't send my passport/driving license because they don't know what I look…
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Purchase Management Agency Problem
I signed a contract a while ago for the purchase of a property with a property management agency which I have used before and did have pretty good relations with. The property I was interested in fell through which I was gutted about however the agency said they would continue to look for more properties for me. The…
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Advice on coming off mortgage
Hey all What's the chance of re-mortgaging if been made redundant? Plenty of equity and currently working a temporary contract 2 days a week.
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Quick mortgage needed for repossession
Hi, We own our house with no debts and have seen a repossession property we want to buy. As we can not sell our own house in time what options on mortgages do we have? Ideally I want to get a mortgage for so 80% of the new house and as soon a our existing house sells pay this off so the mortgage is around 30% Do such a…
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Can you
Apply to 2 different lenders at the same time, not dip but full ap.
