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Rough estimate for solicitors' fees and valuation?
Hi all, We have recently reached our saving target of 5% deposit and 3% stamp duty and are hoping to shortly obtain an AIP and start looking for houses, but I was wondering how much we are likely to need for solicitors' fees and valuation in London? Will we need to have all the funds ready for the start of the process or,…
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remortgage info
HI, I contacted to the clydesdale bank about a re-mortgage and was told they only offer up to 80% of the value if its for debt consolidation. Ideally I would be looking at 86 to 88% to totally clear everything owed. Are there any mainstream lenders who would offer this rate of LTV?. This is the first time Ive looked into…
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interest only mortgage
can any one tell me what happens if my interest only mortgage term ends and I still have an outstanding ammount I cant pay.
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Natwest Mortgage questions...
I have a meeting tomorrow regarding a mortgage with Natwest and before I go can anyone help with the following? Which credit checks do they do.. Experian or Equifax? I saw on an MSE article that they do both but can anyone confirm this? Has anyone recently applied? Thanks
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Mortgage after Repossession with no shortfall?
Hi All Wondered if you could give me a bit of advice please? I currently own my house and have an excellent credit history. My husband had his house repossessed 10 years ago with no shortfall (we have a letter to prove this). We have spent the past few years building up his credit history and his credit record on all three…
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Future Mortgage plans...£ Figures
Hello all, Just planning for the future and never had a mortgage before...just wanted to see if these figures seemed realistic at the moment. Background is that I quit my reasonably well paid job of 13 years to go for a better paid job but my wage reduced to £10,000 for 3 years during training. (Hence the low deposit that…
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Appreciation Mortgage
Hi, I have just found out that my dad took out an appreciation mortgage in the 90's. It would appear that for a £60,000 lump sum, in current markets, he would have to pay back over £400,000 - is that right? Is this legal? If so, this is worse than the PPI stuff!! Grateful for any comments. Thanks.
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Ridiculous mortgage affordability calculation
I went through a telephone application with my work for a staff mortgage this evening. I have a £5800 PCP commitment left on my car - I can either hand it back after 49 months or pay the remaining balance on it. I can even hand it back now. But, based on continuing to keep the car, my offer of a mortgage dropped by…
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Co Ownership Personal Debt
Hey, Im wondering if anybody has had any experience with co ownership before in northern ireland? I have a mortgage offer with Ulster Bank and it doesn't look like the house Im buying will go through. I am now looking at co ownership and I came across the criteria that mentions that I should have no more than 5k in debt. I…
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Skipton Mortgage Telephone Interview?
Well interview is perhaps too strong a word, but having got a DIP we will be talking to the advisor tomorrow. Has anyone else had this?...how long does it last and what do they ask..do they use it as a selling opportunity to get you to sign up to other products? Thanks for any advice!
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Santander mortgage renewal
My 2 year fix with Santander is coming to an end shortly. They have offered a 3 year fix at 2.99% with no fees which I want to take. I have received a letter advising they will waive the ERC if I proceed via telephone. If I call them will I need to go through all the affordability checks? Am I better to just proceed…
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Barclays AiP Credit Check?
I heard that too many credit checks can harmful before taking out a mortgage. I already have an AiP from one bank and I was wondering if I ask for an AiP from Barclays would that leave a credit check on my credit file? Anyone who had any recent experience with Barclays?
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Woodworm On Survey - Will This Affect Mortgage Application?
Hi We had a survey done on the property we want to buy & it has come up with woodworm in the attic. Will this affect my mortgage application when the lender sees the survey? Thanks
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Endowment le Re-Mortgage
Hi all, Hope someone will be able to help, or point me in the right direction at least. DH and I have lived in our home for 9 years. We have a self certified interest-only mortgage. We don't have a separate endowment plan to go with it, as DH is self employed and went quiet through the recession and we cancelled the…
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Three year proof of address
Hi all, I'm currently in the middle of a mortgage application, but have encountered a problem. My wife and I have been living at our current address since 2011, but neither of us changed our details with our banks etc to reflect this as both sets of parents live very close to us and we only saw the rental as a very…
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Mortgage moving and profit question.
Hi I am currently in a 4 year fixed In its first year at 3.99%. Mortgage debt is currently approx £90100. We are thinking of moving home. We have been valued at approx £134000. However the home we are thinking of buying is £70000. I am slightly unsure how to calculate the profit from this potential sale and subsequent…
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Negative Equity
Hi, I own a flat, bought in 2003, with a mortgage of £190k. The property is currently valued at £160k. When I bought the flat it was essentially to get on the property ladder and seeing at the time my credit rating was fairly poor, I had to go with The Mortgage Business, on exorbitant rates, after a few years they brought…
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Remortgage and House Valuation
Looking for a bit of advice please. I'm wanting to remortgage but unsure what my property will be valued at – something I would like to know before I start any process in order for me to try and get the best deal (or even realise if it is worth doing in the first place). The mortgage balance stands at £50k. I have looked…
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Mobile home on land
I am interested to know...If you buy some land with planning permission for a house, is it allowed to put a mobile home on there to live in. For example could someone live on the land for 5 years without building on it? Or could they buy it and change the use of the land for the mobile home instead of house? Thanks.
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First Time Mortgage Application
Hi all, I am a 21 year old female working in IT. My partner is 23 years old and is a self employed brick layer making £100 a day before tax. I haven't been sensible with money, due to not understanding it all unfortunately.. So my credit score isn't great. I have never ever missed a payment, but I have max out a credit…
