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Redeeming mortgage after seven months - will my broker lose his commission?
Question for the brokers. We applied to Santander through a broker and got our mortgage in Feb. We're now remortgaging to HSBC. When the remortgage completes, we'll have only had the Santander mortgage for seven months. I know the broker got a chunk of cash from Santander, on top of what we paid. Would his money from them…
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Interest rate increases..what, when and how will it affect me on a SVR ?
My SVR mortgage with C&G is recalculated on 1st Jan every year. I have a couple of questions that I am sure you guys read all the time but as I cant search on my mobile, I hope you dont mind if I type them out again here. 1) if the rate jumps up before the end of 2014, am I right to assume that my mortgage will go up from…
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Trying to get mortgage with debt history ...advice please!
I really need some advice to see if we are in a position to move home or not! The good news is I currently own a flat worth £250,000 The mortgage I have is for £164,000 Therefore we have Equity of £86,000 We also have a Deposit of £65,000 recently inherited to us from family. However, here come the negatives....... first…
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Someone to share the worry!
Hi everyone. I've posted once before about our situation (first time buyers) but I've been a long time reader. I'm off to Natwest tomorrow to see what they'll offer us but I'm quaking in my metaphorical boots. I now understand why buying a house is considered one of the most stressful things you'll ever do. I'm sure…
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Endowment has matured early?
Can anyone advise me? My endowment has matured 2 years early and Countrywide have asked me if I want to leave the fund in or surrender it. The savings are not linked to a mortgage anymore. Should i leave it in?
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Just been to see mortgage advisor...is she right? Discharged BR.
Bit of background - discharged br (6 years post, 5 and a half years discharged). Small blip 3 and a half years ago with 2 late markers. OH perfect history. Currently 5% deposit. Affordability no problem. Currently 3.84 x income. She said that at the moment only 95% help to buy an option - so 6 lenders.Have told us to wait…
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Re mortgage to release equity to buy another property
My partner currently owns his home. Value £130 - £135k. Outstanding mortgage £89k. We want to keep the property and rent it out and buy another property at a value of £250k. Our idea is to re mortgage the property to release £25k of the equity to use as a 10% deposit on the new property. We would therefore need to re…
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secondary applicant with a bad credit score (post-IVA)
Hi All, I am desperate for some advice. We are curerntly in Shared Ownership house, with share mortgage on my name. Our monthly payments of £xx per month are a combination of mortgage and rent. I'd rather move to slightly smaller accomodation and pay the same £xx a month in mortgage. We have 20% worth of deposit. Both I…
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Remortgaging to buy partner out.
Hello me and my wife have decided to go our separate ways. I am looking to remortgage our house to give her the deposit she needs to buy one of her own. My wife was going to stay in our house until she bought hers and could then move straight in. I have just received an email from a broker I am using with the following…
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Search on credit report
Had an alert today and Precise have now done a credit search on my account (but not hubby's yet). Application was submitted 16/9 and search dated 17/9. I'm thinking this is a good sign that things are progressing?
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Consent to Let Fee (St James' Place Bank)
I have a mortgage with St James' Place Bank, and as I now rent out the property, they impose a consent to let fee of over £700 every six months. This seems unreasonable to me, and I'd like to ask them to waive it in the future and even refund the fee already paid. Does anyone have any experience of similar? Thanks.
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Parents loaning deposit
Hi everyone, sorry if I'm posting this in the wrong part of the forum...not sure if it's mortgages or buying houses! My parents are lending my and my fianc! £25,000 for a housing deposit. We already have £12,000 saved for ourselves so have a fairly good sum to put down. However, with the new mortgage assessments, how much…
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default with British Gas
Hi there... im not sure if this is the right place to post and hope someone can advise Prior to applying for a mortgage i have done a credit search with experian and found a default registered in 2011 for £76 with BG, i was completely shocked to see this, as i have since been excepted for an interest free credit card with…
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Application for a New Deal on existing mortgage
Hi, anyone can help? I have an existing interest only mortgage, I have applied online on the same lender for a new deal, to save about £70 monthly interest. Application was made 27th of May 2014, after four months I have phoned to ask what is happening on the application they said because my husband is 70years old next…
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NI Mortgages
Hi, I was wondering, I currently have a mortgage with Santander and was looking to Re Mortgage, am I restricted to Northern Ireland to get a mortgage or is there any way I can go through the UK as a whole? Thanks in advance
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Advice re mortgaging to buy house please
Hi I own outright a property that is currently let to tenants. I wish to buy a property to live in, so I will raise the money (i.e. mortgage) the house that is let by borrowing about 58% of the value of the property. Does this mean that I will essentially have to pay a solicitor for two transactions - the purchase and the…
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First time mortgage
My partner and I have been talking about mortgages recently. It isn't something I have thought about as my credit is diabolical due to my own stupidity with loans. I don't get accepted for anything. My question is can my partner get a mortgage without my income being considered? We plan on getting married I assume that…
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to sell or not to sell
My partner and I are tied into a Debt Management Plan and are wondering what the best option is. Any advice would be gratefully received. Our current salaries are; £36,400 (Monthly net: £2248) and £33,438 (Monthly net: £2137). Mortgage Outstanding with Northern Rock £75,000 Term remaining: 2yrs 3mths Interest Only monthly…
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Mortgage companies that manually underwrite??
Just wondering if any one knows of what mortgage company manually underwrites? Just I am pretty sure we would get turned down by the big high street lenders as were not a vanilla case. Husband is Self Employed Contractor and I only have a 12 month fixed contract (after being out of work since Dec after being made redundant…
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Impending redundancy - can I get a mortgage?
I am expecting to be made redundant at some point in 2016. I am not officially 'displaced' yet, and there's no agreed date that this will happen (in fact, I strongly suspect it might slip to 2017). But the fact of being made redundant is pretty concrete. I'm confident myself that this won't affect my ability to repay the…
