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Mortgages & endowments
Archives for August 2014
Discussion List
miscalculation of early repayment fees?
I have a 5 year fixed mortgage repayment mortgage with the halifax, the fixed rate penalty period ends in 2018, the outstanding amount was 125k on wednesday MORNING, I repaid 121, 500 on Wednesday evening after the sale of a BTL, mt mortgage terms state that I need to pay 4% of any amount over 10% of the balance. so I…
Nationwide mortgage help needed
Hi Me and my wife have been accepted in principle for a nationwide mortgage. I have a small default from 5 years ago (tmobile £55). They do check your credit file before the principle agreement but will they look into this more at the underwriting stage? My wifes report is unblemished. Bizzarely, my credit score is 999 at…
Gifted deposit/ Solicitor's money laundering check
I would like to buy a house with a deposit, which is gifted by a friend. When is the solicitor undertaking his money laundering checks?Before the exchange of contract? After the exchange of contract? My worry is, that my solicitor asks for bank statements as a proof of the funds after I have send him the money and after he…
Is it better to pay booking fee now or make overpayment 2-3 months later?
I have just completed on a flat about 2 days ago, mortgage is with Santander and had a £995 booking fees which I asked to be added to mortgage at the time of offer to avoid paying it should the deal fall through. The offer document says I have an option to pay this in the next 14 days after completion. I am also allowed to…
Mortgage: Credit Score and Saving Accounts
I am planning to apply for a mortgage at the end of September and I was wondering if applying for Saving Accounts can reduce credit score. I know that many applications for Current accounts could potentially reduce a credit score for a couple weeks/months perhaps, but what about saving accounts? It is not like you can have…
Mortgage payment just before completition
We are due to complete on our house sale on Wednesday, our mortgage payment comes out on Monday, our first payment (when we took out the mortgage) was before we moved in so I assume we pay in advance rather than in arrears. By this logic our payment on Monday assumes we will be paying interest for the entire month when in…
Should I take his advice?
I took a 4 year fixed mortgage from Butler Mortgage at Ontario . The mortgage period is almost coming to an end. When I bought the property its value was valued at $ 92,000. I the mortgage was for $75,000. Now I have to pay around $67,000. I am looking for new deals now. My friend advised me to take a mortgage renewal for…
Over 50's mortgage
Can anyone help!! We desperately tying to get a mortgage, but because of my husbands age of 58 the repayments we have been offered have been through the roof! (I am 33) The cheapest has been £1200 a month on a house of 125k. With a 2 year old and bills on top of that we would struggle. We both are on good wages and both of…
Over 50's mortgage
Can anyone help!! We desperately tying to get a mortgage, but because of my husbands age of 58 the repayments we have been offered have been through the roof! (I am 33) The cheapest has been £1200 a month on a house of 125k. With a 2 year old and bills on top of that we would struggle. We both are on good wages and both of…
Stopping the interest on a mortgage?
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