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Mortgages & endowments

Archives for August 2014

Taking over parents house
Hi all bit of a long winded post this but here goes lol. Basically my mum and dad own a house which is valued at around 300k upwards (wimbledon sw london) . They have 10k left on the mortgage and my dad is self employed. Now hes got himself into some bother with the tax man and owes around 25k which he cant afford to pay…
HSBC underwriting nightmare
Hi everyone, I won't bore you with all the gory details, but my girlfriend and I are having the worst experiences with HSBC. And I want to know if anyone else has had a similar experience or can offer some advice!! They asked for us to get a drainage survey done to see if a tree had damaged them - we all knew it hadn't but…
Would welcome your thoughts on my situation
Hello I've lurked here for some time and would be interested for your thoughts, feedback and advice on my situation. I earn £27,500 a year (of which 3% is salary sacrificed for my pension and also have a student loan). My deposit is £15,000 and I'm debt free (but spend a couple of hundred pounds each month on a credit…
Getting a Mortgage after failed credit card application
please bare with me, this may be a bit long winded.... I got declined for a credit card today. i filled out a form before hand and was told i had an 80% chance of being accepted so i went along with the application. I was declined and don't know why. at the start of the month i took out a new sim only deal with virgin.…
Please Help
Good Afternoon, I will keep this as short as possible but would really like some advice: Background information: 11th August: Went to see New Build house. Liked house and also Mortgage advisor who was on site. After giving him some basic information he said Nationwide would offer us the best deal. Brillient! 12th August –…
Secured Loan Stopping us moving - need help
Hi all, I,m new here so please forgive me if this is in the wrong place. I was wondering if anyone can help or offer advice. My wife and I and our little one are trying to move. We have spoken to first plus who the secured loan is and they are happy for us to transfer to the new place, but we are struggling to find a…
Mortgage FTB with new job.
Hi, Which companies are best for being most lenient with criteria? I am looking to secure a 5% deposit mortgage (mortgage guarantee) ASAP due to being made homeless. We have seen a property for £95000 we wish to view if it is still available by the end of September. We have 5% deposit and enough for fees. We earn combined…
Halifax mortgage applications thread!
Hey guys! Anyone else in the process for applying for a mortgage with the halifax! Thought we could share our success and horror stories here and just generally guide and advise each other through the process! Husband and I are FTBuyers and have only very recently put in an application via a broker to the halifax for our…
Nationwide overpayment options
Hi all, I have a mortgage with Nationwide, and am in a position to overpay on it. However, they offer three options for how this overpayment impacts on the mortgage: -Pay off my mortgage earlier by reducing my mortgage term -Reduce my future monthly payments -Keep my existing payment and term as-is. (At the next natural…
Can I apply to another company immediately
We have been provisionally accepted by First Direct for a 65% LTV mortgage. However the value of my house has not met our expectations and we now need a 70% LTV. My question is can I try immediately with another company or will the FD offer count against me as I assume they did a credit check on me (which was 999). Will…
HSBC and countrywide help
hello forums I would like to thank you in advance for taking the time to read this long and boring post, me and my partner have come stuck and are unsure in which way to proceed to remortgage and gain funds that we desperately need to restore a property that my partner has inherited with her brother. the property has not…
Taken off the electoral roll before completion
Hi all, Me and my fianc!e have exchanged contracts on a new build that is due for completion at the end of October. Recently we were both asked to re register for the electoral roll, we have received a letter saying that some of the details that my fianc!e had submitted do not match what they have on record, the letter is…
pensioner mortgage where to go
hello all for a pensioner mortgage where do you go for impartial advice income is low however some other streams are available through multiple people ? just need to ask if plan is possible ?
Payslips Requested
I am in the process of remortgaging and have been requested to provide 3 months Payslips. Does anyone know if originals will be expected or can it be photocopies? Thanks
Mortgage for house with land for use as campsite
Hi all, wasn't sure whether to put this thread on this board or in the 'buying a house' section so apologies if wrong. Basically we are looking to move next year and ideally we are looking at properties with land as I would like to run my own camping/touring site. I have enquired through my current bank (Halifax) about a…
Borrowing more on top of existing mortgage
We have a mortgage with Nationwide and want to do some building work so are looking at adding more to our mortgage. I have an agreement in principle for the amount we want to borrow via their website but it seems to be showing that I have to take a new mortgage for the amount not just add the amount to our existing…
Transfer of equity advice please
Hi information and advice gratefully received: my partner and I bought our home for £280,000 (2009) and I put in £210,000 capital. we got a mortgage for £78,000. We are splitting up and the outstanding mortgage is £58,000. I have a deed of trust protecting the £210,000. The house is valued at £336,400 and I want to buy my…
FTB - Are our circumstances okay?
We've been reading this forum with great interest for a while now but this is our first time posting. We're currently renting privately, but we're looking to buy in the near future and would appreciate any hints, tips or advice. We've found a new build house we love, which will be available soon for £260,000. We'll be…
Advice Required ASAP
Good Evening, Am hoping that some people here may well be able to help me. My wife and I, 10 years ago purchased a 2/3rds share of my Mother-in-laws house where we have lived paying the mortgage for the past 10 years whilst my Mother-in-law lives in Cyprus. My Mother-in-law is named in mortgage though does not pay anything…
LTV Deposit Restrictions
Hi All, I have a mortgage application appointment with Barclays on Monday, the amount I want to borrow is subject to a 75% LTV restriction. Which I have, Most of this is personal savings but a small portion is gifted. Will this be okay? It does mention something in the terms about the need for it to be a personal amount…

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MSE News

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