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Buy Out Parents Lifetime Mortgage - HELP!
My In-Laws took out a lifetime mortgage with NRAM back in 2008 and currently owe just under £50k. Their house is valued at around £135k and we explored the idea of taking this over. Having spoken to our IFA, her advised that Leeds Building Society were the best option and my In-Laws signed a gifted equity deposit form. The…
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Desk Valuation
Hello, does anyone know which tools or indexs lenders use when they carry out a desk valuation of a property please?
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Mortage - Proof of deposit
Good evening all, Just a quick question. I have been accepted (4 months ago) on a mortgage with Halifax and I have my deposit in my savings account - until 3 months ago this was literally in a suitcase under my bed.. The deposit is £15,125.00. This Thursday I am going to my solicitors to sign all the paperwork, and they…
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Remortgaging with same lender
My deal is up and Im considering going with my current lender - is it a faster, less paperwork laden process when you stick with the same lender? Do you need a new survey or do they take a view?
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London and Country-bad advice?
I am hoping to make an offer on a property and due to my 5% ERC with Santander, it seems that the best option would be to port my mortgage. I phoned Santander and was told that they could consider lending me the figure I want to offer, subject to a full mortgage application. I thought I would also call London and Country,…
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LTD comp income, esurve and broker hunt
Hello all, I am about to remortgage and have a fixed salaried income but also separate income from a LTD company I am the sole director of which has yearly accounts carried out annually by reputable accountants. Three quick questions: firstly which lenders are most likely to take my LTD company income into account for…
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Getting my name off ex's Mortgage
Hi All This is my first forum post here so I hope that I get a reply or two as beginner's luck! My husband and I separated ten years ago and I left the marital home. We agreed that I take my half of the equity to enable me to buy a house. However, my ex said that it would be better to buy my new house with both our names…
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Broker
I have used John Charcol to secure my residential buy to let re-mortgage which will provide a deposit for my residential purchase. I have made an offer on a property at 200k and require a mortgage of 150k. Last week I secured an offer in Principle (187k) from Barclay's in branch advisor but she is now off and the next…
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Do you think i can claim my mortgate fee back from the northern rock collapse?
Back in 2005/6 My husband and i were getting a mortgage through Northern Rock, We got the mortgage guarantee, found a place, paid the fee which i beleive was £695, and the solicitors etc. We had to have extra searches done for the property. Anyhow, closer to completion, my advisor said the bank was not going to lend us the…
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Mortgage Likleyhood
Hi all I know this kinda question gets asked a lot but would like to know what you think mortgage sucess chance is based on our below figures Salary :- 37784 & 27728 1 Child - all child care costs covered by child care vouchers @ £160 a month 2 credit cards both with 5k limits, first one is used for all monthly purchasing…
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Barclays / woolwich are they picky?
Ok we're looking to buy a house that will cost (hopefully) £138k. We want to go for the 75% Barclays 5 yr fix @ 3.09% and I was going to apply myself as I usually would. However, I wanted to see if anyone could help first with the likelihood of being rejected by barclays? Maybe someone has recent experience or a broker has…
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mortgage question
Hi all, thanks for reading. My bf and I have been offered the opportunity to buy a flat owned by my family thus year. We went going to start looking next year but this opportunity is too good to miss. The question is really what our chances are? Property value - 160000 10% deposit Partners gross earnings: 31000 Great…
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Endowment Maturing-Advice Needed?
Hi everyone, We have a with profits endowment policy which matures in November and we have just received a letter from Legal & General informing us of the final value. We appreciate that endowments have not reached the targets they were suppose to and we accept what comes along. However our question is that when we…
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how many CEMAP qualified people have work?
Hi Looking at the Cemap mortgage qualification and wondered how many people who took the exam without work have now got work. Many thanks.:T
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Lenders valuation turnaround time
Hello everyone! Does anyone know if there are any regulations regarding how quickly lenders valuation results should come back from the surveyor? Our agent (also a broker for the people who booked the survey) said that they got response nearly 3 weeks later, which I find suspicious. I vaguely remember reading about it and…
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Mortgage refusal, help please.
Hi, First time here so i'll ask my questions first How does one remove bad addresses from a credit report when the supplier of that report claims they do not exist? How can a bank being supplied by that very same company get a different report? There is a story behind these so please read on. I've been refused multiple…
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Divorced and mortgage
Hi all I am in the process of getting divorced, we are trying to sort the financial agreement. I can't move on until the house is sold. However, even if the house is sold my wife will not be able to get a large enough mortgage to buy. Currently there is about £170000 equity and even if this is spilt 75/25 in her favour and…
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I think Estate Agent has lied about buyers
Morning, hope you kind people can help. We sold after 25 days on the market, the buyers we were told had sold their house and were cash buyers at surveyor stage of their sale. I received a phone call yesterday basically saying their AIP has run out from April and they have an appointment with building society to provide…
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Almost 60
hi I wondering if it's better to take a loan for £15,00 or to try and get a mortgage. I have just started a new job as self employed which will no doubt affect my trying to obtain money. Also, can anyone tell me is it possible to borrow the money over say five years???? Finally, do I need to speak to an independent…
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2nd Mortgage review to reduce term
Hi We recently switched our mortgage online with Halifax and started on a new fixed rate. I then rang up Halifax to reduce the term of the mortgage only to be told that we have to do a full mortgage review with them even though we've already switched online. All I want to do is reduce the term by 5 years. Can anyone think…
