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Tips for a letter to Underwriters
Hi Anyone any experience with Halifax Underwriters? Our MA has advised we draft a letter to them explaining a few defaults we have. Dates, amounts paid, why they defaulted etc. anything else we SHOULD include/mention/explain..... Thanks for taking time to read and respond.
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Opening new bank accounts and mortgage
I've taken advantage of the various switching offers and good interest rates from tsb and have opened and switched loads of accounts. I want to open a new account and then switch it to Clydesdale to get the £150 switching bounds. However I'm due to remortgage in March 2015. I know opening accounts only has a small and…
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Overpayment vs Saving
I wonder if anyone can help. My husband & I have just moved and now have a much larger mortage than before. We would like to overpay but can not make up our minds whether to do it monthly or save up and make a lump sum. Our mortgage is approx. 1.8% for 2yrs (variable after that, approx. 4.3%) and we have a 123 a/c which…
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First Time Buyer - Mortgage query
Hello, Mortgage query
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Remortgaging - from Halifax
Hi, My current deal with Halifax is ending Nov end, and am planning remortgage with someone else. I was considering Barclays 2 yr 1.49% tracker. But looks like the follow-on switch options with Barclays are either not great or will involve product fees. So after two years I might get stuck with a half-decent rate. Would…
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Sole Mortgage, Joint Ownership - A2 Indirect Legal Charge
HSBC and our solicitor have reached a stalemate on whether my name can be put on the deeds because the mortgage offer is only in my husband's name. It's especially frustrating as this has just unfolded as we're getting pretty close to contract exchange. HSBC has repeatedly said that they are happy for my name to be on the…
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Any chance of me being able to get a mortgage?
Hello I wonder if there are any mortgage advisors or people who have been in similar circumstances who could advise. I am just wondering what my chances of getting a mortgage are. I will let you know my circumstances. I am 34 years old, a single mum with 3 year old child. I live in a Yorkshire Housing property. It is not…
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Residential Mortgage to BTL
Hi, hope someone can help. We were due to exchange on the sale & purchase of house...bottom of chain pulled out so our buyers have pulled out... We still really really want to buy the house but would have to find another buyer & complete in 2 months (as our mortgage offer expires). Is it possible to convert our current…
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Change of property details - sent right back to first stage of mortgage application??
As the title says. We were approved and after a horrendous survey decided to pull out of the sale. We sought some broker advice (but not using one) and were told it'd be a quick change of property details form and back to valuation. We had an offer accepted on another house which is the exact same amount as we were…
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Finance options for a project
Hi Me and my partner are currently buying a house that is a bit of a project. Mainly because we didnt want a massive mortgage and also because we love the village its in, but would be far too expensive to live in a house already done up. The house is liveable as it is, and we'll have 600-700 spare per month after…
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Endowment shortfall
Anyone else with this problem? Help! We have an endowment which matures next year with a huge shortfall. Having 5 kids we were unable to pay more. We felt we'd been mis-sold but the Ombudsman at the time said no. What have others done in a similar situation? We're thinking our only option is to sell as the bank aren't…
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Fixed term contract and mortgage
Hi :) I've been told by Halifax that they only consider applicants who have been on a fixed term contract for at least 1 year (with 6 months remaining on their contract). I've been on a FTC for 9 months, due to be made permanent after another 5 months but not guaranteed. My husband has a permanent contract. I want to apply…
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Louborough Building Society
Hello, I have just had an AIP from Loughborough BS however I have never heard of them before. Does anyone know much about them? Their rate is very good however this agreement is subject to credit searches etc it says. However, the advisor said to me that that's already been done and it's all ok? If it's all ok and already…
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Deposits and gifts
I've got £30k in savings. I plan to live with my fiance after we're married but we're looking to buy before we get married. I'll be the one buying the house, the mortgage will be in my name only. Fiance has said she would gift £10k towards house deposit to boost it. Does she class as close relative? Is it worth getting her…
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Excessive mortgage arrangment fees.
Hi Wondering if anyone has any advice. Friends have recently told us that when they took out there interest only 110% northern rock mortgage (approx 7 years ago) the broker charged them a huge fee to arrange the mortgage (something like 10K). Broker has since apparantly been struck-off. Crazy situation but is there…
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Interest Only to Repayment and Back
Hi, We have a mortgage with about £110k remaining on a house that is now worth almost exactly that amount. When we took out the mortgage 4.5 years ago it was Interest-only but after about 6 months we voluntarily switched to repayment. 4 years later we could do with some "breathing room" for a year or perhaps 2 while my…
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Mortgage face to face or phone
This is probably going to be a really stupid question (but I'm FTB and don't honestly know the answer) but can the full mortgage interview been done entirely over the phone or will I need to go somewhere to do it face to face? I work all over the place so it's not easy for me to commit to being in a particular place at a…
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Getting an overdraft mid-mortage app...
Hi! I am a FTB with a mortgage offer in place, so currently waiting for the solicitors to do their bit and whatnot so exchange/completion can be arranged. I currently have no overdraft arranged on any of my debit cards as I havent needed one up til now but thought with the prospect of all these new bills going out (I…
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New mortgage process
Hello Everyone Just some advice needed please. Joint purchase Buying a new build propery £235,000 Deposit is £35,000 Halifax Mortgage £200,000 Had a independent broker out last week & said we have been approved on the Halifax Website & full hard credit check has been done by the lender. Valuation/broker fee has been paid…
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Let to Buy/Buy to Let Query
Hello folks. I'm interested in buying a flat to rent out. I have a flat where I live, don't wish to move. Value is around £320,000. Outstanding mortgage £125,000. Looking at flats for £130,000 with a rental of £800-£900 a month. I know that under Let to Buy you can borrow up to about 65% of value of new property and get a…
