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Financial options for home extension
Hi All, Just looking for some advice about options available.......... We bought our home a year ago for £250,000 and our current mortgage balance is £222,000. We have just had the property valued at £290,000 meaning we have a potential of £68,000 profit. We would like to have an extension to increase to a 3/4 bed property…
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Natwest remortgage nightmare!
I have come to the end of my discounted period with Santander and went through london and country to remortgage the property. I was offered fixed rate of 2.49 for 3 year. 995£ cost of the mortgage. On the mortgage offer letter it stated that the standard conveyancing to be paid by Natwest. Natwest have appointed Gordon…
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Valuation off by a lot
Hi all, My valuation has come back for a remortgage substantially lower than I'd anticipated. I have hometrack valuing at £113000, zoopla at £110000 and comparable properties on the market at £125000. I know sold prices mean more but the last property was sold in 2012 so not a useful barometer. I, taking the above into…
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Mortgage rejected no explanation
I was wondering if anyone could help, myself and my partner have just had a mortgage application turned down via nationwide. We got an original aip in June and since then have had to jump through hoops providing information which I won't go into at this point only to be told we can not have the mortgage. Our frustratins…
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Does a 95% ltv mortgage on a new build actually exist?
Hey all Newbie here and I really hope someone can help. Our financial advisor cannot find the product we need. Nobody seems to offer the following.... 95% LTV mortgage on a new build property (not part of government scheme). Does it even exist? We only have 5% deposit and wish to avoid the major new builds nearby all…
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Valuation by building society
Hi all, I had a valuation report back with incorrect statements and facts. The building society has looked at the complaint and is on the side of the valuer - he even got the date of inspection wrong. Please can someone advise me on what the legality of this document is if it has incorrect information, of course the…
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Joint Ownership - Sole Mortgage
Is it possible to have a sole mortgage on a joint ownership property. I own a house with my elderly mother and I would like to get work done on the house. I would like to raise a mortgage to have repair works complete but my Mother is 69 and has bad credit. Are there any lenders that would let me have a sole mortgage?
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Redemtion fees
I probably know the answer but thought worth asking....... We are about to pay our Mortgage off :) that is held by NRAM. When I contacted them I was advised that a redemption fee of £195 was payable, however when we got the hard copy the fee was £250. I have since complained to NRAM and they have also confirmed that the…
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Mortgage token payment option
I need some more help, my mortgage is due to double from next month and I can't afford to pay this amount (it's with NRAM ) and I'm in an IVA,if I cancel the DD and offer a token payment what legal action can they take ? I have recently put in a complaint about the handling of my mortgage, BUT it can take 5 to 8 weeks to…
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First mortgage - advice needed!
Just about to venture into the world of trying to get a mortgage with my future wife, albeit apprehensively! I'm newly self employed, have my own window cleaning business and bring in about 26k which I only set up in April. My fiance is a teacher in her first year. Unfortunately I haven't been great with money in the past…
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Do we need to pay?
Hi Everyone, First time poster, and I cant find the answers online anywhere! Here is the situation. I split with my partner in January, and in June we contacted an estate agent to sell the house. A contract was drawn up to which my ex duly signed, however, I never signed the contract and never have. We are both legally…
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downsizing and mortgage implications
Hello, Currently our house sale value is likely to be in the region of £220-240k with mortgage of just under £150k. Is it ever possible to downsize to, lets say, a property worth £130k and take all the equity back and thus having a new 100% mortgage of £130k with the same lender? So just porting the mortgage when we move.…
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Help!!!
Hi, This is the first time i have used this and not even sure if I am posting this into the right thread! Basically we have a mortgage which is coming up for renew-ell. My husband and I have credit card debt that we would like to add the amount onto the mortgage and then pay the cards off. The trouble is, he has poor…
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Taking on a franchise before remortgaging
Hi all, need some advice.. Me and my partner took out a mortgage last December on a 2 year fixed so looking to remortgage when this period is up. We are both employed and have been for the past 5 years in the same jobs, however, I am looking to go off on my own and found a franchise that looks perfect with my line of work,…
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Halifax affordability check
Hi, Can anyone please take me through using the Halifax intermediaries affordability calculator please? My broker is currently away and we have had an offer on our house and I need to see what we can afford to take. Our previous mortgage offer ran out end of Sept (from a sale that fell through back in April) it was done…
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How does a remortgage to release money for home improvements work?
Hello! I'm a bit clueless about the whole remortgage thing so looking for some help/advice. We bought a house valued at £200,000 for £175,000 and we put down a 10% loan so therefore took out a mortgage for £157,500. The house is/was in desperate need of updating so we have already put in a new kitchen, bathroom and…
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Mortgage 2 year or 4 year fixed
I have my current mortgage with halifax on variable rate 3.99%. I can get a 2 year fixed deal for 3.24% and a 4 year fixed deal at 3.99%. My question is I would like to move house in 2 years time and wonder whether to take the 2 year or 4 year deal. Halifax have said I may be able to take rate with me as long as property…
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How long from applying to receiving offer?
i saw a mortgage advisor 3 weeks ago, talked through basic figures agreed on what i want and gave him all the documents needed (im borrowing more from my current lender, (Barclays/Woolwich). Had to call me a couple of times to explain my salary to him (basic, shift allowance, contacted overtime, and voluntary overtime…
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95% LTV refused but offered 90% LTV
I was told by my mortgage advisor that Halifax have refused to offer me 95% LTV mortgage under the Help to buy 2 scheme :cry: . However, they are happy to offer me a 90% LTV mortgage. This doesn't make any sense as 90% LTV mortgage would be more risky for the lender as compared to a 95% LTV mortgage as 15% of it would be…
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Any lenders that dont require p60?
Hi all, Bit of a long story, but we are struggling with current mortgage application with West Brom. Partner was self employed for over a year, but has been in permanent job now for over 8 months. WB requested his P60, sent in but does only reflect few months wages. WB queried it, so income figures (no actual proof!) from…
