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Mortgages & endowments

Archives for October 2014

Can I up my deposit last minute?
i was accepted for a mortgage a few months ago but I'm still waiting for the solicitors to do all the legal guff, I've since managed to save another £2k (possibly 3 if it takes a few more weeks) Can I change my deposit amount or is it too late now it's gone through the underwriters? Or should I just overpay as soon as I…
Halifax Mortgage Promise
Hi All Me and my partner are looking to buy our first home and applied for a mortgage promise online through the Halifax website on Monday and finally heard back yesterday in regards to this. Halifax advised we have fallen into category B of their criteria but couldn't go into much detail as to why it was that category or…
Question about Porting - fixed periods
Hi all, I was wondering if someone could help me. I understand the principle behind porting but cannot seem to find the answer to what happens to the fixed period if you port and then have an extra product to top up for increased borrowing. So, for example, say I have a current mortgage of £150k which is 2.5 years into a 4…
Remortgaging on a Stepchange DMP
I am a husband and father of two that is currently on a Stepchange DMP since Jan 2014. My mortgage is currently with the Woolwich on a variable rate and is very low at the moment (£488 per month on a 30 year £175000 repayment mortgage) I am after advice on whether I should stick with the variable and hope there are no…
Bank said yes to mortgage? How can they then say no?
Hi, last week my bank's mortgage advisor approved my daughter and I for a 10% deposit on an accepted offer for £101,000. So I paid for the bank's valuation and also £300 towards the solicitors fees. Today when I went back into the bank to do final sign up, I was then told the 10% wouldn't now be offered - and I'd have to…
Pensions & mortgages, Steve Webb deeply concerned
Interesting story about Steve Webb, pensions minister, being deeply concerned about mortgage lenders treating pension contributions as non-discretionary spending in mortgage affordability calculations. This tax year I expect my pension contributions to be around 45% of my gross base salary. Next year after the pensions…
Worried about a mortgage taking forever exbankrupt
Please help me. I went bankrupt in 2006 and was discharged in 2007. My family currently live in my sisters house and we are attempting to buy it off her. My sisters friend is a mortgage broker so we thought we would all use her. For a deposit we were going to use some inheritance but as thats taking ages to come through my…
Barclays / Woolwich Mortgage Current Account Reserve - Limits Called In Early?
Anyone heard anything lately?
multiples for joint mortgage
Hi, I've only ever gotten a mortgage based on my income. How do lenders calculate two earners (married couple say). Is it say 4x both or 3x biggest and 1.5x lower etc. Any advice greatly received. Cheers.
Mortgage in principle (help)
Me and my partner are looking to buy a property in the next 2-4 months and was wondering if it would be a good idea to go into a Nationwide branch (we are using the save to buy scheme) and get a mortgage in principle for £210,000 (this is what we are looking at). Just so we know we are likely to be accepted and what we can…
Mortgage offer
Hi All I have had a nightmare getting a mortgage offer as I know the rules are so strict now, I had to supply numerous amounts of information along the road and finally got there after 3 weeks which I believe is normal, the searchers have now all been started by the solicitor, we are not in a chain and have LTV of 88%,…
Paid in dollars
Hi I work offshore and I am paid in dollars, is there any morgage companies out there that would give me a mortgage to purchase a house in the UK. I am a UK resisdent and British My credit rating is excellent Bill
Meridian New Homes Mortgages Limited
Hi all, I am interested in buying a new build from Barratt's homes in Bedfordshire. They have suggested I use their mortgage broker Meridian Mortgages Ltd. I have been qualified by them and they have suggested I will not have a problem obtaining a mortgage for the value of the home I am interested in, on the help to buy…
Nationwide Calculators
Me and my partner have been saving with Nationwide's Save to Buy for the past year and are now getting close to wanting to buy a property. We have for the past year been using the Nationwide ''How much can you borrow'' calculator and it seems it has now changed in terms of what we can borrow. Before we did my salary which…
received this today can anyone help
A section 106 agreements is a mechanism which makes a development proposal acceptable in planning terms, that would not otherwise be acceptable. They are focused on site specific mitigation of the impact of development. S106 agreements are often referred to as 'developer contributions' along with highway contributions and…
Help....please
Hi, basically I had a staff mortgage and I resigned 2 years ago after my maternity leave. I was asked to go into the branch to switch my accounts which I did and I went to see the branch mortgage advisor about switching our mortgage. She checked our account and said there was nothing showing on there yet, that it can take…
purchase of property fell through - am i liable for costs
Hi I have recently been handed a solicitors bill for work carried out on the purchase of a new property and the sale of my current property up until the date it all fell though and I want to know if I am liable for this bill as I don't feel I should be due to the reason below. Everything was ready for completion apart from…
Why the market is difficult and unfair
One of the biggest problems for the borrower in the current market is deciding who to believe. A tale A young couple approached us via our website about six weeks ago. They were trying to move to a larger home and had been rejected by their current lender. They had tried a number of alternate lending sources without…
Borrowing against value of house
Hello, could I ask for some advice please. We have a house worth just over £1 million. Our mortgage is paid off in 4.5 years and we have circa £140k left to pay. Repayment mortgage. However we are short of money for the school fees and effectively need £100k until our youngest son leaves senior school. Is it best to try…
I had a joint mortgage but now I'm single
Hi. Long story short, I have a joint mortgage with my ex-boyfriend and I'm not sure what to do now. Can I just take over the mortgage or do I need to apply for a completely new one? He didn't contribute to the mortgage at all during the last 5 years. The money has always come from an account in my name. (not a joint…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
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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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Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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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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Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Mortgages & endowments

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