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Big change for us
We are making a big jump from a £63,000 mortgage LTV 35 % to a £203,000 LTV 75 % but our circumstances have changed a lot since we took out our first mortgage 14 years ago but just haven't found the right house well we've just found our dream house and love it. Does the jump sound normal ? Put offer in accepted Applied for…
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Help to buy
Hi All Under help to buy equity loan, can you; - Negotiate price reductions? - Negotiate house upgrades? - Negotiate stamp duty paid by builder? I have read so much conflicting information that I am confused! Also, anyone used Newbury Building Society help to buy? Thanks for your help.
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Mortgage Newb needs advice pls
Hi All When applying for a mortgage can you say to them...'the house we are looking to buy has been valued at 110k and we have a 10k deposit but can you lend us more than the value as the property needs improvements pretty much straight away'..... ?? Thanks in advance :rotfl:
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endowment claim result
well we put in a claim a year ago and although we didn't expect to get anything in my head I was planning a world cruise lol luckily I didn't book it as we got a result today - £480 - not as much as I would liked but its ok considering I thought we were time barred and we surrendered one of the polices in 2007 and sold the…
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Turned Down
Hi Folks Myself and girlfriend have just been turned down for a joint mortgage by Nationwide. The amounts we wished to borrow were more than fine, the payments were perfect but when it came to the all important credit check a big fat red cross appeared :( I currently own my house but we wanted to sell and buy a property of…
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Mortgage deal coming to an end - advice on what to do next
Almost 2 years ago I obtained a 2 year fixed rate mortgage as a first time buyer with Halifax. With an interest rate of 5.99%. I have two main queries really... 1. Should I expect to be able to find a mortgage with an interest rate of 3.99% now? It seems most mortgage deals are around that rate. 2. I want to be able to…
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YBS Loyalty product need to go through a 45 minute financial health check
I have discovered since my loyalty product ended in May 2014 i fall into a loop hole where i now have to go through a full financial check with advice if i want to get a new loyalty product which could take 45 minutes. Apparently between when the regulations came in and July Yorkshire Building Society did not have to send…
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Mortgage overpayment v savings
Hi, I have a mortgage with Nationwide and have been making overpayments for a few years. I now want to move house and Nationwide have advised me that I can withdraw the overpayments I have made if I choose. The question I have is with the lending criteria being as strict as it is would I be better withdrawing the…
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Mortgage newbie
Hi me and the wife are looking to buy our council house but before we start just need a little help. We currently have a loan for around £10k which we had when we got married and just wandered on a mortgage if we could borrow this extra and pay it off so we only have the 1 bill. Is this at all possible? We are new to this…
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Moving home mortgage and consolidating debt
Hi guys, new to the forum so please forgive me. I currently have a mortgage with my partner and we are looking to move to a bigger property. However I have incurred a lot of credit card debt from my own bad spending. Will mortgage lenders allow debt to be consolidated in a new mortgage how does it all work? Stats: £15,000…
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2 late payments and mortgage application
Hi all, My wife and I are looking to buy a house at 200k, we have 10% deposit and our combined incomes is around 65k so can fortunately easily afford the repayments. She has a completely clear credit report with no missed payments etc. I however have a ccj for £490 from 2009 which was satisfied in 2010 and 2 late payments…
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Experience of dealing with Scottish Widows about their Professional mortgage?
Having looked at various options, and having had a long discussion with a whole of market broker, we are applying for a mortgage wth Scottish Widows. The broker has had discussions with SW and has sent them all relevant details, to try and get a decision in principle before we formally apply. Our broker contacted SW nearly…
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Probation period - mortgage
I started a new job a few months ago and have been waiting for my probation period to officially end before applying for an increased mortgage so we can move to a larger house. Impatient as I am I've seen a house for sale I'd like to pursue, so my question is - would we be able to get an offer in principle even though my…
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Nationwide - proof of deposit
Hi, Can anyone who has been through a Nationwide mortgage application advise me of the point at which you have to prove your deposit? Just trying to work out how long I have to ensure cash is where I need it to be! It's currently all over the shop as I saw a house quicker than I had time to get myself as organised as I'd…
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Borrowing £40,000?
My partner and I wish to borrow £40,000 to be used for a mixture of reasons; buying a piece of land adjacent to the house inc. legal costs etc, related garden work, home improvements and to pay off approximately £10,000 worth of debts (obviously borrowing at a lower rate than the rates on our current debts). We currently…
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Mortgage advisor didn't offer me the best mortgage for my circumstances :/
Hi guys I bought my first house last year with the help of a mortgage advisor from Right Move. I'm loving being a home owner and already have the overpayments flowing out! :D I used a mortgage advisor at Right Move to help get me my first mortgage as I am self employed it made it a lot easier as he did all the leg work…
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Please have a look
Would you experts have a look at a thread that a poster previously posted on here and got no replies? Since then there has been a further explanation which may make things a bit clearer. Many thanks. https://forums.moneysavingexpert.com/discussion/5014540
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switching online with Halifax- affordability?
My current deal ends in August. The Halifax let me apply to switch on line which I have done. I have LTV of 54.5% according to the online application. Will they do affordability ? If they do I don't think I'll pass ! Had mortgage for over 10 years. Never missed a payment. Will be paid off aged 54. But.....I have unsecured…
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Natwest original docs
just started an application with natwest, they want 3 months bank statements and proof of deposit, ok no problem so far. apparently (I can't get thru to the broker to check) but they want all original statements, ok not quite so easy as I thought. however try and get a paper statement from any bank...."oh just print it…
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Mortgage Application Booking Fee Racket
My partner recently applied for a mortgage with 1st Direct - she was advised in the first phone call that to guarantee the rate she would have to pay the Booking Fee of £500. The Mortgage seemed perfect so she paid the fee scared of losing the rate but she wasn't asked any questions or had any details explained. The…
