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Mortgage Application
Do multiple mortgage applications ruin your credit rating? I'm not thinking of applying yet, but in a year or so. What other pitfalls might there be in applying? I know having a lot of debt isn't good, but how about the fact that I haven't used a credit card in years? They should know how good I am at paying off debt as I…
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Mortgage - Equity
Hi, I'm looking for help here on behalf of my parents, they have a situation that I'm hoping will be able to be answered quickly. Here goes, they are both mid 50's, and have about £80,000 left on there mortgage (it has been re-mortgaged once before), their house is worth £210,000 maybe more, they want to borrow £90,000…
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Barclays Offset Mortgage : Porting issues - mis sold !
I have had a Barclays offset mortgage for the past 12 years (with a great rate 1.45% over base life time tracker) this also includes a substantial reserve / draw facility (£75k) I was sold this mortgage on the understanding if was 'portable and flexible'. However, recently I have considering a house move. I enquired with…
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FTB - mortgage broker or not
Hi All, My partner and I are getting ready to buy our first house and I have been in touch with some places asking for advice and generally trying to gauge how much pcm our repayments would be. I sorted a AIP through L&C some time ago and since than, talked to two independent brokers, both recommended by friends. One…
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What do I do about the Mortgage
Hi all, I appreciate that this question has probably been asked many a time. However, I would appreciate some advice. My wife and I moved into our new house about 11 weeks ago, she informed me 4 weeks after we moved in that she wanted a divorce, as you can understand this came as a complete shock to me, apparently she had…
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Joint Names on Deeds but sole name on mortgage
Hi, We're currently re-mortgaging and have an offer but a condition is that we need to get independent legal advise as we are keeping the deeds in joint names but a sole name on the mortgage, as I'd only just moved jobs the bank said this would be easier and quicker. My problems is I'm not sure what I'm asking the…
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What do you think mortgage deals will be like in two years time?
Ok, crystal ball time. Interested to know what people think. Obviously not looking for advice as no-one knows. Pretty much everyone agrees that interest rates can only go up from this low that they are in. But by how much are they likely to have gone up by in two years? I'm talking a decent deal, here, rather than the Bank…
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NatWest won't match a competitors deal
Hi all, Our current deal with NatWest is expiring soon, and I rang to see what deals they had going. When I mentioned that their best deal was more expensive than another provider, I was told that they have to treat all customers whether new or existing the same, and in no way could they ever match a competitors deal. This…
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How long would you expect a ftb mortgage offer to take to come through....
Guess the title sort of sums my questions up ..... I have a ftb buying my house - she is arranging her mortgage through my estate agents mortgage broker. She obtained an AIP and the survey was completed on my property 3 weeks ago. The estate agent did confirm that the survey was fine , and she was just waiting for the…
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most cost effective way to redeem mortgage
I'd like to pay off my ybs mortgage, but would like to make sure I do so in the most cost effective way. in round numbers I have £89300 balance. The terms allow me to overpay penalty free by 10% of the balance at the start of the last 12month period ( balance then was 91422). I'm in a fixed deal of 2.44% with a penalty of…
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Homeward legal? Where to find reviews?
Anyone have a review of these for conveyancing? I have been searching for a solicitor and these are my top choice so far, not the cheapest quote but not the most expensive either. I like that their quote is fixed, the company sounds good when i spoke with them earlier, i found a handful of all positive reviews but i dont…
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New to mortgages need some advice please!
Hi guys, somethings always puzzled me about selling houses and buying new ones so I'm hoping you ladies and gentlemen can break it down to me in broken down terms for me please! So - If I buy a house for £200,000 and put down a deposit of £20,000, pay off 2 years worth of the mortgage, (I don't know about rates/interest…
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N&P Lending Criteria?
Hi there, So... I am trying to find N&P lending criteria in relation to defaults, looking to buy in Norwich - although I know they lend UK wide. 3 defaults registered to M: 1 Registered 5/2010 - Satisfied 3/2012 - £433 1 Registered 1/2011 - Satisfied 3/2012 - £201 1 Registered 4/2011 - Satisfied 3/2012 - £47 M: Income -…
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How overpaying a bank loan affects mortgage application
I have a bank loan in joint names through natwest. This was taken out last September to settle a high APR car loan and also raise a few thousand for home improvements. We are now selling the house and want this loan cleared for mortgage purposes before we sell up. We could make small overpayments every month to reduce the…
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Portfolio BTL Mortgage
I'm looking for a portfolio BTL mortgage but can't find any. Have they stopped them or is it a broker only deal ? cheers
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Natwest mortgage process
I have submitted all application and all legal work to optima am now awaiting a valuation which i have had to delay because of work issues does this mean that this has already gone through underwriting and the value is just a formality? Many thanks
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Buying out my partner
My partner and I are attempting to raise capital to buy out her ex-partner with whom she has a joint mortgage. The property is worth approx £200k and there is only £62k outstanding on the mortgage, her partner wants £40k however due to my partners credit score we are unable to get a joint mortgage. Would it be possible for…
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Nationwide offer conditions
Hi, In branch during our mortgage application we had discussed with the mortgage advisor that we planned to pay off my wifes credit card balance of approx £800 and £1500 off my card which has a balance of approx £3200. The offer letter we've had today in the post says the following: "This offer is issued on the…
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Mortgage valuation without entering property
My buyer went in to apply for his mortgage just over 2 weeks ago and was contacted soon after to pay for their basic valuation. I spoke with the buyer over the weekend when they came for a 3rd viewing and they have been told by their solicitor that he has recieved the mortgage offer at the back end of last week. Great news…
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Woolwich First payment
Hi all, Please can you share your experience with Woolwich first mortgage payment. They send the letter with the breakdown: Amount of borrowing released £120999 Borrowing amount released on 24 July Regular monthly Payment £590 Part interest payment for July £447 Total first payment due on £1067 on 1st September 2014…
