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Product Fees
Hi, I am just wondering whether adding the product fee to the mortgage when its time to remortgage will come under the new MMR rules to check for affordability. We have the option to switch products online, so its a choice of going for one of the following: 2 year fixed 2.55% product fee £995 2 year fixed 3.39% product fee…
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Gifted deposit & solicitor
Hi all, I have been given some inheritance early and want to use some of it for a deposit on a house. However, we have had crippling debts including a secured loan. In order to be even considered for moving house, we had to pay all our debt off. I want desperately to hide my shame and protect her from what will be a really…
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Mortgage Application YBS
Hi All, 21/06/2014 - House viewed . 23/06/2014 - First Offer . 24/06/2014 - Best and Final Offer as there were several offers for asking price 25/06/2014 - our offer accepted 28/06/2014 - AIP with ybs applied online via YBS approved agents 30/06/2014 - AIP approved 30/06/2014 - Agent submitted application online Agent is…
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Mortgage at end of fixed rate?
My grandmother is 71 years old and facing a problem with her current mortgage provider Halifax. In 2007, she moved her repayment mortgage to Halifax, for a term of 21 years, when she was 64 years old. She has been on a fixed interest rate for the last few years of 4.54%, and this is due to expire in July 2014. The balance…
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Post Office remortgage or switch, mmr?
My fixed term ends soon. If I just ask the post office to switch me to a different product eg different mortgage rate will we subject to mmr or by switching to a different deal can we bypass mmr?
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Moving house - very large jump up - affordability
I'm 30 years old and bought a VERY cheap maisonette in the South East. When I say cheap, I got it for £133k as it was being repossessed. I've been here 3 years, and it's now valued around £155k. I own the property alone, however my partner and I are thinking of moving in the next 2 years to a nicer place - this one is not…
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How to prepare for first mortgage interview
Our last home was bought solely in my husbands name as I had 2 defaults on my credit file, and we were not then married (2009), we sold it earlier in the year and are staying with family until we find a suitable home. We have a current AIP again in his sole name for £141k, however the property we want to buy is £200k, we…
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Mortgage Advisors - downton and ali associates
Decided I should think about getting on the property ladder and so started to look at mortgage advisors. Filled in some information on a form through MSE which then gave me an option to call a mortgage lender or tem to call me! Anyway they called me and since then I've googled them - their website looks pretty professional…
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Gifted deposit query
Hello, Hoping someone might be able to offer a little advice. I have checked with our solicitor but just waiting for her to get back to us. So, a little background.......................... My now fianc! (then boyfriend) bought our current home 7 years ago with lots of help from his parents - in fact, they paid for it…
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Job change before mortgage completion?
Hi, Just looking for a little advice. I know no-one can probably say for definite but just wondered if anyone has had a similar situation recently? I am buying a new build flat that is due to be finished end of August 2014. I have exchanged contracts already, but this week I have been offered a new job. The new job is for…
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Mortgage problem
My fixed deal ended a few months ago. Trying to get a new deal but as my wage is lower now, I can't get a fixed deal anywhere, so I'm stuck on the 4.79 rate. I'm told I don't have enough to be approved for new deal. I have had house for 9 years and never missed a payment. Stuck in horrible position. Has any one got any…
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Mortgage after buying a house
Hello forum members I will highly appreciate if you can answer the following: I live in a flat with my spouse and two children. The flat we live in is mortgaged and titled under my spouse name. I have just bought another house on my sole name on cash. I am planning to let this house. Now I want to buy another new house by…
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New Mortgage after loft conversion
Hi there, I'm hoping someone can offer some advice. We had a dormer loft conversion done a year ago and have added 2 double bedrooms and a bathroom to the property. We purchased the property in 2007 (so right at the property peak) and we have stuck to the same mortgage lender (but had a new deal) ever since to avoid the…
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Post Office Mortgage - new job offer during full application
Hi, As topic title, both my wife and I both happen to have been offered interviews for new jobs, but now worried what might happen if one or both of us actually get offered it. We currently have our full application in with the Post Office. Not a change of career, just new jobs. Any one with any reference as to whether…
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Nationwide calculator help and how to choose a broker
Hi, I'm just filling in the Nationwide affordability calculator on the intermediary site. Can anyone advise what items I need to include in the following category? 'Lastly, are there any other regular monthly costs that your customer has, which you think we need to know about?' I have filled in all the other information…
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Mortgages with London & Country versus going direct?
We are looking fora 5 year fix mortgage to purchase a new home. We have a DIP from L&C brokers for a mortgage of £270k max. However, if I do the rough'n'ready calculators on (for example) Natwest and Barclays, they are showing that they would lend 'up to' £324k. Is it worth me spending time calling the high street lenders…
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Mortgage broker needed - must specialise with expats.
Hi, Can anyone recommend a mortgage broker who specialises with expats? I am currently living in the UAE but looking to buy my first ever home back in the UK. I have a lump sum that I can put forward as a deposit (as well as a buffer for other fees), however, I do have a rubbish credit history (according to experian). Is…
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Am I a '1st time buyer'?
Hi I'm recently divorced and signed over my house to the ex / off the mortgage and currently renting. Brief circumstances 40 years old, salary of £50k per year, retire at 55. Am I technically a 1st time buyer again??? Any idea how much I could borrow (Could russel up around 13k deposit) any advice is welcomed :)
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Post Office Mortgage
Hi, I've been looking through most of the threads about post office mortgages but they seem to be outdated now so thought I would set up a new one. I wondered if anyone could give me feedback about their experience with the post office mortgage process? At the moment I have my AIP, which I progressed to full application on…
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Low mortgage
I have a mortgage of 24,000 remaining over 4 years 9 months. I have heard it is not worth swapping even though I am now on variable and paying 400 plus a month (seems high on figure remaning) Any advice or do I stick with current lender. Thanks
