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Mortgages & endowments

Archives for September 2014

joint mortgage application with a new job
Hi, hoping I can get some advice from you more knowledgeable people! My situation is savings 4000 house for 80000 and joint application one earning 24070 been in job 5 years and one earning 20000 been in job 1 month previous job was three years. Both have student loans and we have a car on finance for 167 a month both…
What would you do in my situation? Your property tips to a first time buyer?
Hey guys, So I'm looking at buying my first property soon-ish. I'm self employed, my books look terrible, - 14k earnings, technically I'm more like 30-40k but my books don't show it (they will in 1 year 6 months). My partner has a small job trying to get full time, currently around 8k/year part time while volunteering. So…
Leeds building society wanting proof of address for somewhere I lived three years ago
Hi all, I'm going to ring leeds building society in the morning when I get a chance, but this is stressing me out so I thought I'd ask you lovely lot. My husband and I are in the process of buying our first house through shared ownership. We've given all our details and proof to our financial advisor and have started the…
Getting a mortgage whilst on a DMP?
I could really do with some advice on whether its possible for a first time buyer getting a help to buy mortgage (and this new 20% discount incentive the govt are bringing out). My only problem is that Im on a DMP and have been for the last 5 years. My remaining debt to date is approx £8500, ive rented for years and never…
Transfer of title in Mess
I need a desperate help here. My transfer of title process began over three months ago and has not been completed yet. I had a numerous problems with my solicitor who couldn't bother replying to my email and pick up their phone. So, I lodged a complaint with legal ombudsman about them and also did a charge back claim on my…
Kent Reliance 'dropping rates' for shared ownership mortgages?
Hi is Kent Reliance dropping its rates for shared ownership mortgages? if so does anyone know when? 1st October?
Remortgage or not?
Hi I'm looking to try and pay my mortgage off earlier than scheduled in order to enjoy my retirement. Here are my details: Mortgage type: Repayment (tracker) Remaining term: 15 years 11 months Current Payment: £419.14 Remaining balance: £57932.98 Interest rate: 4.24% I bought the upstairs flat four years and two months ago…
Solicitor and queries! Advice please
Hello all, I sent an email to my solicitor just to get a little update as to what's happening. Searches came back on Thursday just gone along with the draft contract. My solicitor emailed me back advising me that The searches revealed a couple of planning permission and building regulation documentation that they have had…
First Time Buyer - Can we get a mortgage??
Hi, me and my partner are looking to purchase our first house. The house is £190000 and we have £10000 for a deposit. We have been to see a Mortgage Adviser and they have said that on our wages we can borrow that much. We have no debt. What are the chances of us being accepted for a mortgage if my Experian credit rating is…
Help to Buy Mortgage rates (Equity loan)
I’ve done loads of research in this area so I’m up to speed with how H2B works, however the thing that’s puzzling me is the mortgage rates and the lenders that offer them. The rates I’ve seen seem fairly high considering that with H2B We’d only be taking out a 75% LTV mortgage. Is this because the lenders that are involved…
New Build Valuations
Hi all, Apologies as this is a cross post from the House Buying forum. Thought I might have better luck posting here. We've had a full asking price offer accepted (enforced really) on a new build home. The Halifax are sending out a surveyor this week to value the house. Our plot is half built, but there are a few other…
MEDIA REQUEST-Would higher interest rates make you struggle?
Hi Reuters News is writing a feature on the impact higher Bank of England interest rates will have on home owners' spending. Interest rates are forecast to start rising early next year, and to go up slowly but steadily after that. Would this make you rein in spending sharply - or even push your finances close to the edge?…
Extending mortgage term beyond 65?
My mortgage ends in 2016 when I reach 65. I'm unable to repay the balance owing due to being widowed and raising my grandson on my own. My grandson is now at university. I would like to remain in our home for the next 3 years while he finishes his course. I'm considering asking if I can extend my mortgage term to age 70.…
Mortgage brokers
I am totally clueless on the subject, 1st time buyer. Where do I start? Do I go local and where would I start to find someone trustworthy , or do I go with a national firm that you deal with everything over phone. Thoughts appreciated x
Buy-to-let mortgage - when do I move out
Owner occupier of my flat, and I'm about to complete on a flat I intend to move to. To fund the purchase of this second flat, I'm remortgaging the first (I own outright) on buy-to-let. So, the deposit is coming directly from this remortgage. I've been trying for a seamless a transition as possible, but haven't been able to…
Old HSBC endowment mortgage
Hi I apologise if this has been covered but I am new to the forums here. In 1999 I got my first mortgage with HSBC. I was single with no kids at the time and working for the NHS with a pension through them. I was sold and endowment mortgage and what I suspect to be every insurance under the sun. I remember my mortgage…
How important is landlord reference for mortgage grant?
Dear members and experts, I am a first time buyer and going to apply for mortgage with Woolwich shortly. As part of my mortgage application I have been asked to produce contact details of my current landlord for reference.I pay my rent in cash to my current landlord and don't really keep a rent book / rent payments in…
First time buyers, retention bonus, family loan advice
Hi, advice please. I am just about to sign a retention scheme at work which ends after 3years with a hefty bonus. I want to use this as a deposit to buy. My father has said he would loan me the amount of the bonus next year so I could buy before. I would then pay him back at the end of the 3 years. How does this work with…
Joint or Single Mortgage
Hi Apologies if this is a bit of silly question but I can't seem to find any straightforward answers! Myself and husband jointly own our property and are just undertaking the process of remortgaging. We were both on the previous mortgage as I was earning but I am now a stay at home mum. Is there any point us both being on…
Nationwide, use free conveyancing or my own?
We have just reserved a newbuild house, our mortgage broker has got us a mortgage with Nationwide and after looking on their website I noticed they do 'free valuation & legal fees' for flex account holders which we are. When we reserved our house they asked who we were using for solicitor and I mentioned nationwide and…

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MSE News

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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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