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Gifted deposit not accepted by lender.
Good afternoon all, I have just received a phone call from my mortgage advisor stating that although we are quite far into the purchase of our new home the mortgage company has decided that they cannot accept our deposit as it is a gift from my step father who is not a blood relative. This has come about 8 weeks into the…
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Is a 2nd Mortgage what we need?
Hello I would be very grateful for any advice. Our home is due to go on the market in the next month or so. It is worth around £220,000 and the mortgage owed on this is just under £43,000. We have seen a new property at £190,000 which is not likely to stay on the market for very long. We have over £130,000 in savings…
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End of fixed period Will leeds offer me a new rate?
Hi. I am coming to the end of my fixed rate period (3 years) with the Leeds building society, I have looked at their rates for new customers and they are very competitive, I phoned them and they told me to phone back closer to the end of the period and they would see what rates are available, Does anyone have any…
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Divorce, negative equity, what is the situation for my partner?
My fiance is currently paying the mortgage on the house he owned with his ex wife, she basically decided to move up north with the man she left him for after living in it herself, with the boyfriend, for a year after they split. She told him she wanted nothing to do with the house after, and that she wanted him to only…
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Part interest payment for 1 day
I recently bought a house with a mortgage with Woolwich and completed 31st July. I have received a letter informing me of my first payment: This doesn't seem right - I was expecting a larger first payment but if I pay on the 1st of the month, am I paying for a whole month's interest just because they insisted I complete on…
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How much will we be able to borrow?
Hi, Were just looking for a ball park figure on how much myself and my boyfriend may be able to borrow when we start looking for a house in a couple of months time... I have tried using the online calculators but they've come up with such varied results! Here's our essential info: We have a deposit of £30k we are both FTBs…
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Mortgage advice please!
Hello, I was wondering if someone could give us done advice. We are basically moving as we cannot afford our mortgage and debts anymore. We have just sold our house and have found a house which would be half the mortgage. The only thing is this house we've found out is a repossession and needs around 20,000 work, with the…
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Re-Mortgage for self build
Hi, I'm hoping someone here can help me to clarify a best path forward. I'm hoping to build a house (land identified, but no planning yet) and my parents are willing to assist me in some of the initial costs with this, with a view to paying them back after build completion by getting a mortgage on the completed property.…
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Mortgage Exit Fees
I recently made an enquiry with my previous mortgage lender concerning mortgage exit fees. According to this web site guidance, exit fees are always charged regardless of what the deal is. However the lender states I did not pay one and are willing to confirm in writing. Copies of statements I've received refer to early…
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mortgage for contractors
I recently changed my job to contracting from permanent. My re-mortgage is due early month. I am wondering how is the mortgage eligibility calculated for contractor? For permanent it was x times of your annual salary (5 times nationwide). How is it work for contractor who are working in daily rates?
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Small Claims Limit
Hello, I've just commenced court action against a company for £9858.26. Inc the Court Fee its £10,268.26. When the court follows its procedure in allocating it to a track (and I appreciate this is only 1 factor) will they regard the claim as over £10k or under? Essentially what I'm asking is does it include the Court Fee?…
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UNFAIR early repayment charge
We are currently with Barclays direct, in a fixed deal until 01 October 2014, when we are remortgaging with Skipton. (for a better rate) Skipton were only willing to lend us £70250 and our current redemption figure was £73822.56, so I rang up Barclays and explained that I wanted to make an overpayment to reduce the amount…
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Mortgage Offer - Special Conditions
I have recently received a mortgage offer, it however has the following special condition attached: "This Offer of Advance is made subject to all debts declared as being repaid by the Applicant(s), being settled in full on or prior to completion" Is anyone able to clarify for me if this means all credit cards, loans,…
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606363
Coming to the end of my current int only mortgage. 69 yrs old and not any provable income. Have investments to pay my monthly bills. Has anyone any ide of how to deal wit lender when they request repayment of mortgage
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Remortgage premarital property to fund divorce settlement?
Remortgage premarital property to fund divorce settlement? Hi all, I'd be grateful for your help and insight on this: Per the title above, I need to raise £55k for a clean-break financial settlement arrived at by "kitchen table agreement". I have about £200k in positive equity on my sole-ownership property. Can you advise…
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Mortgage for contractor/Temporary Employee
I am looking at purchasing a property on a shared ownership basis (50% as a single person. I work for a large company as a contractor - this contract is on a rolling basis of every 6 months. They have written me a letter only confirming i am currently on an assignment which is anticipated to continue. The property is…
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Have I ruined our chances?
I need some advice please. I have now been an ex bankrupt for 6 year - I will be 6 years discharged early next year. Partner has a perfect credit history. However about 3 and a half years ago after managing to get a catalogue to start building up credit a personal distaster happened after just having my second child, I has…
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Santander - What happens after 'Application Offered'
Hello all, I was wondering if someone could help me out with a few questions with regards to my mortgage offer. How long will it take to come in the post and will it look like my illustration? I have a 95% mortgage with a 3300 deposit on my 66000 house, on the offer will it say 62700 or will it say 66000? How long does it…
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HSBC Tracker...
Hi, Stupid Q, does anyone know how far in advance HSBC will book a re-mortgage? Would it be advantageous to open an account with them in advance? I think I'm going to be around 65-70% LTV (with a few k floating around to nudge it back under 70 if the valuation comes back much lower than nationwide HPI says right now) so…
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Best morgage companies for self employed people
I'm currently self employed. Own a VAT registered company and pay myself from this company - only set up at the beginning of the year. Are there any mortgage companies out there that offer good rates that could help me? - my business earns a decent amount and I'm the sole beneficiary. Thanks A
