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Mortgages & endowments

Archives for January 2015

should i overpay mortgage
I have a £120,000 repayment mortgage and pay about £1000 per month. i have a shortfall of about £400 which i pay with savings, as income does not cover this. I have enough cash to buy a small buy to let property with my savings so I could have a rental income of about £500 which would cover the shortfall. Should I buy a…
Mortgage Arrears - Field Agent
I'm a little confused. On Tuesday I received a letter from my mortgage lender about being in arrears £265. My current monthly payment is £380. However, I contacted the lenders on Wednesday informing them that I would be paying an additional £100 until the arrears was cleared and that I did not need an Agent to visit me. I…
Should I ask Mortgage Lender to re-value house?
We bought our house in March 2014 and our mortgage lender valued the house at exactly what we had offered. Since buying the house, we have done the following work and I was just wondering if there was anything that we've done that could affect the value of the house. We've not done any of it to increase the value, but…
Letting home (instead of selling) to move?
Hi. I've been thinking about this as a possibility for us but have no idea how it would work. We are currently saving as we want/need to move house, we have outgrown our current home and need more space for our hopefully growing family. How hard is it to get consent to let on a property and if our home was let out would it…
Building Society good will ?
hello everyone Found this site whilst trying to find answers to my problem Recently my with profits endowment matured with quite a shortfall , it should have covered my £45,000 mortgage but it only paid out £31,900 , i paid £30,000 into my mortgage account and was then going to arrange a repayment mortgage for the balance…
Anyone found reducing term means affordability check?
We have a 5 year fixed mortgage with Natwest that ends mid 2018. We can overpay by 10% each year, which we recently did for the first time this month. When I asked to reduce the term and keep our payments roughly the same, I was told they couldn't do that, as it would mean we would be effectively overpaying more than 10%…
Nationwide Consent To Let Extensions
Hi, Just wondering if anyone has recently (since the reduction in the CTL loading rate from 1.5% to 1%) renewed their CTL arrangement with Nationwide? From reading some older threads in the forum it would appear that they have usually allowed customers to extend their CTL arrangement for a second 3 year period without too…
Suitable ID for mortgage application
This is a quick overview of my current situation. I have applied for a mortgage through a mortgage advisor and my original completion date on my house was 30th January (which I have obviously missed). I am having problems proving my identity - I do not drive so do not have a driving licence (although am applying for a…
Any Hope for us?
So me and my partner would like to buy my step fathers mothers house as she recently passed away. It has been valued at between 205,000 & 220000, but he's has offered to us at 195,000. We have £20000 as a deposit from family. My problem is that my partner is self employed and has a low income (we just calls for his SA302's…
Mortage payments
This has most likely been asked a lot on here but a lot of the things I have read seem to go around the world to answer a question. I am a first time buyer so just trying to get my head around things so any help would be appreciated. If you sign the contracts and get the keys for a house on 31st Feb, when will the first…
halifax mortgage process
I am at the stage where halifax have completed a valuation awaiting answer they sent me a breakdown of the mortgage but not a offer yet, does this mean they are happy with my credit score?
Transferring Equity/Remortgage Help
Hi All Apologies for the length. I'm a newbie and just want to make sure I've covered as much as possible. My Dad currently has a joint mortgage with my Mum with about £15,000 left to pay (the value of the house is worth approx £200,000). His current mortgage is due for renewal in October. His business is not doing so well…
liklihood of been accepted for mortgage
I received a offer in principle from halifax, so placed a offer on a house, they have run 7 credit checks on me, looking at my experian report, I have put in my application for my mortgage, then they booked a valuation which was done yesterday, today I received a letter from halifax (key facts illustration) which has a…
Which lenders do soft search DIP
Hi there I'm just wondering if anybody can provide details of which lenders carry out soft searches when doing a Decision in Principle. I understand of the big lenders Halifax does, but not many others. Which lenders are known to do soft searches? Many thanks J
Possible for me to buy (within next 6 months)?
Just wanted to get opinions from people who may be a little more knowledgeable than me... Currently I rent with my partner (SAHM) and 2 children. I own a small property which (a BTL mortgage has just been approved on it). small property value £90,000 mortgage £63,000 Rental value £600/month Savings ~£7,000 Our house rent…
Building a House Mortgage or Savings
Hi I was wondering if someone could give me some advice. Im building a house at the end of the year Im expecting the cost to be around £180000 I have around £50000 saved in ISAs etc I am tring to decide if i should leave this invested or use it to build my house and have a smaller mortgage. I was thinking the money would…
Mortgage Advice Wanted - Any Brokers Out There ?
Hi All, I wonder if you could help me. 7 years ago I bought a 1 bedroom flat on a 100% Bank of Ireland First Start Mortgage (residential) for £180,000. The rate is the current Bank of Ireland SVR at 4.49%. I have consent to let on the property and for the last few years have been renting it out for £975 per month against…
mortgage help
Hi All new to MSE website i am looking for advice on mortgages upto 15 months ago we had a poor credit record but lending seem more on past the future earnings both have credsits scores over 980 no debt no children at home and joint income of £45k and the best we can get is £118k anyone can advise on how to get a better…
Transferring a mortgage to another property (self emp)
Hi All; Thanks for all your input in this forum. Here is a brief background. We are a married couple. My wife is self-employed and I am an ex-director. I currently manage the business which is in her name. She has just left her job, in order to study book-keeping. She used to be employed full time. We are in our early 30's…
Pay off mortgage?
Hi We have around £7K left on our repayment mortgage with no early redemption fee. Would it be savvy to clear that using a 0% credit card. Advice gratefully received. Thanks

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MSE News

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Mortgages & endowments

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