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halifax appleal....please help!!
We have had an offered accepted after getting Halifax Aip through a broker. The house is £217750 and our deposit is £22000 My husband is an IT contractor and earns gross £72000. We have only been back in the UK for 18months after living abroad for 7 years. We have been in discussions since last year with our broker and…
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Should I fix?
Hi all, 6 months ago we took the plunge & a took out a lengthy mortgage for our 'forever' house. At the time fixing was expensive although we'd have preferred to have fixed with the increase in both length of term & monthly payments. We took out HSBCs 2.59% variable lifetime tracker. I've had my head turned by Nationwide's…
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Mortgage on gifted property
Hello, My parents have recently transferred their property into my name. It is mortgage free and is well under the IHT threshold. I have signed a lease of life agreement so my parents can remain living in the property irregardless of what happens to me. My question is can I re-mortgage the property to gain access to some…
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Should I exit my mortgage early and pay a penalty?
I have a fixed rate mortgage until Jan 31 2016. If I exit the mortgage end of Jan 2015 I will pay a £4,000 fee. If I leave in June 2015 I will pay £2,000. Come Jan 31 2016 it won’t cost me anything. My concern is that at the moment there are some very good fixed rate deals. I can get a fixed rate of under 3% now to…
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Can I open a joint account after mortgage approved?
I'm in the process of waiting for a mortgage decision. I know I shouldnt open an account now, but wondered once it (hopefully) gets approved, can I then open a new bank account at my wifes bank and set up a joint account?
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Refunds of fees - is it possible?
We have filed a complaint with our existing Mortgage company (Virgin), as we wanted to port our existing mortgage to a new property. We spoke to them on the phone at length and got a decision in principle. We paid the appropriate fees (£99 for admin & £214 for valuation). When the valuation came back (which said it was a…
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Help me understand mortgage illustration papers
Mortgage advisor has send me an illustration paper for a mortgage which they are required to do by the FSA, I can't put all of it here as it's highly confidential info but the last page of it lists the other mortgages available. The advisor said the Woolwhich was the only one I could take as I didn't fit the affordability…
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What mortgage options do I have to buy a flat for my in-laws?
As per the title, can anyone offer me some tips? We want to move my increasingly infirm in-laws to live near us, but the amount they'll get for their house won't buy anything in our area. They should get about £150k, and I'm looking to borrow about £90k to add to this. They won't get a mortgage, so it will have to be us…
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Remortgage process - Nationwide
Hi, I am a long time reader of MSE and I thought I would see how others have gone on in a similar situation to ours. My wife and I are currently on a 4% SVR mortgage after finishing a 5 year fixed mortgage in Sep 2013. I am looking to apply for another 5 year fixed rate mortgage next month. When I applied for the previous…
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BTL v residential with permission to let. HELP!!
Is it possible for a FTB to get a residential mortgage with a permission to let?? If so with who?? Am I right in thinking if you get a buy to let mortgage you have to have it 6 months before you can remortgage to a residential mortgage?? Can you get a buy to let mortgage with tenants in situ or do you have to have vacant…
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Awaiting mortgage application with Leeds underwriters
Hi, Id be grateful of any help here, my self and my partner have currently Put an application through for a mortgage with Leeds B/S, i have recently read lots of poor reviews about Leeds, due to my partner have no credit not poor just no credit until recently eg bank, i already have a mortgage on a property which is now…
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Do Mortgage Advisors have a fair idea if you will get accepted?
Just wondered if mortgage advisors have a fair idea of whether you may be accepted for a mortgage or not? I have applied for a new built shared ownership flat, I was asked to fill an affordability form and give a downloaded copy of my credit file from Equifax. Did all that. The Housing association gave my form and credit…
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Credit rating and mortgages
Hi everyone, Myself and my boyfriend have had a mortgage decision agreed in principle with our bank whom we both bank with. With this in mind, we were lucky enough to have an offer put on and accepted to the house that we had viewed! Hooray! Now it all feels very real. In the past, when I was a teenager (and refused to…
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re-mortgage with same lender now or wait till february for whole market
Hi Im with Santander at present, deal ends February 2015. They will let me change to another rate now or I can wait till feb and search whole of market with no early repayment charge. But do you think mortgage rates will go up a lot by then or should I wait and see?
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Self employed mortgage - 2 years SA302 from different companies?
Hi everyone We recently applied to port our A&L mortgage to Santander whilst attempting to loan more. This was rejected due to 'affordability' though I think they would have also rejected as my wife is self employed with just 1 years accounts. At present we are waiting for her tax year to end, due October 31st before…
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Help required
Hi everyone, My wife and I bought our house 20 months ago, on a 2 year fixed deal. We had a 90% LTV on it and had the other 10% as savings to use for the deposit. Anyway, it is coming up to the time of remortgaging, and herein lies the problem. I was made redundant in June this year, so we rellied heavily on the credit…
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Offsetting limited company business savings against personal mortgage
Hi I'm hoping someone here can help me as a lot of this stuff goes over my head! I run my own limited company and am the sole shareholder and am in the process of getting my first joint mortgage with my girlfriend. We are going with Santander - who also home all of my personal accounts and business accounts. This week we…
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Is this decent rate? 3.39% fixed 5yr no fee?
Looking for a mover mortgage. Halifax doing a 5 year fixed rate at 3.39% with no arrangement fee. I have the required deposit and seems a decent deal looking at other sites, nationwide, virgin, natwest etc. Just wondering what others think of this deal as of today? Thanks
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Does borrowing more create a "second charge" if moving main mortgage in 12 months
I have a mortgage with Nationwide. I'm looking at borrowing £12k more which creates a new mortgage in my name with them. If in 12 months I remortgage my main mortgage to another lender on a better deal will the fact I have a small mortgage with Nationwide count as a "second charge" ? Thanks
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Applying for joint mortgage and worried
Going to soon be applying for my first joint mortgage My worries are I earn terrible money compared to him, and always utilise my agreed overdraft every month He earns very good money and has savings and no worries basically I am concerned that when we go through the process of applying they will say no because of me I…
