-
Voluntary Termination
Hi, in order to get the mortgage I wanted my mortgage advisor told me to get rid of all of my debts. one of them was a car finance, an HP. if I wanted to settle it in full and keep the car I would have had to pay almost £7000 but to do a voluntary termination was £1800. As I also cleared other debts to amount to £30000 I…
-
Rental Income
Does anyone here know what the Halifax criteria is concerning rental income when applying for a mortgage. If your last 3 SA302's show a track record of taxable rental income is this not acceptable to them?
-
Fix or Tracker Help
Hi looking for some advice after being on a fixed rate which is coming to an end. Santander have offered the following deals; Total mortgage balance £28,300 Remaining Term 7 years 10 months Lifetime Tracker 2.69% Fee 499.00 Differential to Bank of England Base Rate +2.19% 5 year fixed 3.99% No Fees 3 Year Fixed 3.49% No…
-
life assurance??
Hi guys What is a life assurance policy ? And what is it used for? Is it good idea to have it alongside a mortagage??And finally is it worth it?
-
ybs letter
Some advice please. Strange out of the blue letter stating we have been underpaying our repayment mortgage since May 2007 when i took a one month payment holiday. They claim its entirely their fault and as a result have credit my account on parts 2 and 3 of my account of £230.13 to March 2015. My question to them was…
-
£7,500 for Redeeming Mortgage Less than a Year Early?
Hi, I'm hoping I might be able to get some advice here. My father has a mortgage with Santander for £250k that is interest only and runs out in May 2015. My husband and I have sold our flat and are buying the house from him. He has today told me that he dug out some paperwork and found a letter from Santander dated a year…
-
Car insurance due for renewal. Can I do a search?
My mortgage application is in the final stages and has now been passed for consideration. My car insurance is due for renewal in a couple of days. I know that generally car insurance quotes are only a soft search so will I be ok to go on a comparison site for a quote or will it damage my application in any way? The…
-
Mortgage brokers
Possibly a stupid question but is it normal to get quotes off more than 1 broker? Got an agreement in principal a few months ago and the broker was very helpful and seemed to know his stuff. Now have had an offer accepted and the things we discussed before are now major problems. He has come up with an offer, not applied…
-
Cycle to Work scheme
I've been offered a mortgage for a place nearer work, with partly an intention of cycling to work. I was going to wait until I had actually moved, but work has now decided they are only going to run the scheme one a month a year. Unfortunately that month is this month, so unless I get a bike this month I'm going to have to…
-
secured loan problem
I took out a secured loan with picture finance which then transferred to webb resolutions when picture ceased trading, I did build up some arrears with webb resolution which to be honest they never chased me for, now the loan has been reassigned to idem servicing and they are now chasing me for all the arrears and…
-
Mat leave quandary
Looking for some advice. Lender requests letter stating date that I will return to work from my employer, however employer refusing to provide in case my situation changes. Anyone else had this issue? We have just managed to sell and have an offer accepted after 3 months, now we're worried we won't be going anywhere!…
-
Best lender at present
Hi Currently at the end of our fixed term mortgage and are looking to change provider. Can anyone recommend a current lender who is trouble free at present? Been hearing good things about Halifax and hsbc in how quickly they can approve a mortgage etc. While Santander led my mate on for around 10 weeks only to tell them no…
-
Getting Credit After Offer/Before Completion?
We have had our mortgage offer from Skipton, but now considering carpets/furniture for our new build. Would applying for credit now ie post exchange but pre completion be risky at all?...would it be better to wait post completion?...not sure if Skipton will carry out any more credit checks?
-
NCI help
The Halifax has appointed an NCI to come to our house as we are behind on our mortgage because after buyer backed out on the flat we are trying to sell.....what should we do ???? Thanks D.Winter
-
Mortgage application - Electoral Register - wrong information
Hi guys, I'm going around in circles here so any info would be gratefully appreciated. I've applied for a mortgage. The borrower has refused on the grounds of me not being on the electoral register. I clarified this with the Council who supplied me proof that I am infact on it and have been from the dates I declared being…
-
Redemption and over payment do not understand
I was thinking of trying to pay 10% allowed without incurring charges per year on my mortgage, rang up about it and just do not understand what he said to me, can someone please help? He was talking about part redemption, reducing your interest, reducing your monthly payments, I do not understand which I am doing if I pay…
-
Parent supplying a mortgage
Can someone tell me what is involved if I supplied the funds to buy a property for my son rather than a High Street Lender? I can afford to do it but if I died before it was paid back could the debt be forgiven or would the outstanding sum be added to my estate?
-
Mis sold mortgage?
When taking out our mortgage, my husband was and is still self employed. We were told we could not have a mortgage if we did not take out a critical illness policy. Is this mis selling? I would be grateful for any help.
-
Consent to lease
Hi, Can someone in the know please advise. I have a residential mortgage coming up for renewal with the Halifax. I have had the property rented out for a few years and think I should inform them. I understand that I can ask for a consent to lease, but since the property has already been let out for a considerable time…
-
Advice Regarding a Second Residential Mortgage
Hi, First of all I must point out I am unsure if our circumstances warrant a second residential mortgage...but I need advice on what the best option would be please. Background: My husband and I live in a house worth approx. £190K with a £38K outstanding mortgage in just my husband's sole name. Husband's income is approx.…
