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Mortgage Affordability Query
Hi all, Looking at a new build property at £130k and have a £40k deposit as house just sold so roughly a 69% LTV. Builder has pushed us towards their preferred broker to "assess us" and came back as ok but when gone to credit checks come back as "refer" - they have asked questions about some benefits. This is what I have…
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Mortgage when over 75?
My dad is 79. He owns a house (no mortgage) but because of my mum's health issues, they need to move to a home that's suitable for a wheelchair. She's currently in hospital, but will probably move to a nursing home in the next few weeks. The house is going on the market but ideally they'd like to buy a new property and get…
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Co-ownership NI - My Story
Hi all, During the application process, I searched for a lot of Co-ownership threads before, was unable to find many which are less than a year old. So I thought I would register and post for the first time, in case sharing my experiences are helpful for those making the first steps in applying. Background: I'm a single…
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Mortgage refinancing
I consider refinancing my first mortgage which was taken for our first home. It's a 30 year fixed conventional mortgage at 7%. The balance of the loan is $195,000. My credit score is in the low 700's. Does it make sense if I refinance it at a lower interest rate? I don't want to refinance it with the same lender. Hope to…
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halifax mortgage
Hi I had mortgage advisor appointment today at halifax. Myself and partnerhanded in all payslips etc. Credit check was done while we were there no issues. We were given key facts illustration and told what are monthly payments would be and when they would come out (dd set up) home n building insurance and life cover all…
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Would we be okay in 6 months time to apply?
After looking at a new build, we were given the contact details of a mortgage broker. Before giving her our details I advised of our credit issues and told her we would probably need a sub prime lender. Needless to say, she took one look at our files (that I had printed - so no searches) and told us she couldnt do anything…
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Buy to let mortgage
Has anyone ever dealt with The Mortgage Works for a buy to let? I have had a offer in principle and done the application last Friday. How long should I expect to wait before I get an offer?
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endowment help
hello, hope somebody can help, as i am trying to help a friend, it is driving me insane... he had an endowment but stopped paying as it was getting unaffordable, but he shredded all the paperwork, but the endowment was in his wife's name as she is now deceased, he thought the policy was with nationwide so i wrote to them,…
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Property Valuation Report - Halifax/Colleys
My wife and I have applied for a mortgage with Halifax. We are looking to borrow £190k against a £230k purchase price. We've seemingly sailed through affordability, credit checks etc... Our issue is that the valuation report done by Colleys suggested the house isn't worth £230k due to needing a new roof and having damp…
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Buying an ex partner out of a Mortgage
Hi all, This is quite a complicated situation, so this might take a while to explain, after writing this I realised it's really long, so I have underlined the main queries below to make the questions stand out from the statements. I have been searching for answers on this issue, but since it's is quite particular the best…
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NRAM Porting LTV
Spoke to GINA at NRAM this morning Wednesday 20th August 2014, waited 7 days for a telephone interview on porting my mortgage. ***NRAM will only lend the percentage of equity you already have in your house***!!! So if you have sold your house for 200k and your mortgage is 100k you currently have 50% equity, sounds…
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Chances of successful mortgage app
Hello all, It's been a while since last on the forum (keeping my head down and saving like crazy) but I now have a question about making an application for a mortgage. Around a year ago I sold my house to pay off my debts. Since then I've been renting, but now would like to buy again. I need to get an idea of what my…
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Pheonix Life - Deed of Assignment nightmare
Please, can any one help before my brain explodes!!! :mad: I amicably split with my partner over 12 years ago. We were not married and had 2 endowments in joint names - which I continued to pay. Due to a plethora of events, we never got round to reassinging the policies to me. Clerical Medical happily sent a Deed of…
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One income mortgage application
If I give up my employment then my house sells (currently on the market) and me and my husband purchase another one how would we apply for a mortgage? Would it be in his name only as I would have no proof of income or would I be on the application with a nil income? Are there any mortgage advisors that would be able to…
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Nationwide Payment Holiday - Anyone been able to get one?
Ten Characters.
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Shared Ownership Mortgage
Hi Looking for some advice, new to this mortgage stuff! I'm purchasing a shared ownership property. I originally went through a mortgage adviser, but the mortgages were quite high so I thought I'd do an online application with the HSBC. The property value is £115000.00. The 50% share is £57500.00. I planned to put down 5%…
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HSBC Mortgages - Current A/c With HSBC
Any advantges to using HSBC for a mortgage if I have a current account with them (for about 30 years) eg would I still need to go through all the hoops that anybody else would (for example sending bank statements)? No skeletons regarding my credit history. Otherwise I'll probably use a broker.
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insurance on endowment
sorry this is a bit of a long one I have recieved a call from an ex to say he needs me to sign a form to take my name off an insurance on his endowment policy, he said I had filled one in 18 years ago after we had split up so he didn't have to carry on paying it, but the company have messed up and hes been paying it ever…
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Halifax online DIP/AIP question
Hi all We completed the halifax mortgage promise form first thing this morning via Halifax website, I was expected some kind of immediate yes/no but on submitting the page it just bought back a page with a reference number and 3 stages regarding submitting full application etc. I have not received an email from them (like…
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Redundancy money and interest-only mortgage.
We have an offset interest-only mortgage with 10 years to run. It is offset-linked with our jointcurrent account and a savings account (unused). We have not paid off much ofthe capital due to costs associated with our child’s special needs, but these costs have ended (not in a bad way). We both also have our own bank…