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Mortgages & endowments

Archives for February 2015

What is the correct salary?!
Hello Sorry for asking what may well be a stupid question! My husband and I are looking at moving and have just contacted a mortgagae broker to look at how much we can borrow. Now comes the problem - my husband has a 'base salary' and then a guaranteed 'advantage fund' - this being a set amount on top of his base salary…
Can I claim back legal fees for repossession hearing?
A year ago my Bank took me to court to get a repossession order on my property. They failed to get an Order as the Judge said they had not followed correct procedure on first hearing which got adjourned and then the second time had not explored all avenues to stop it going to court. The judge awarded a Judgement on Terms I…
Remortgage and taking more cash
So we plan to remortgage to a new lender in a few weeks. We had planned to take around £5k above what we owe on the current mortgage to do a few home improvements which will help the value of the house (new roof, repointing and some redecoration). We actually have about 5k sitting in premium bonds at the moment. This is…
Moving in with parents during mortgage application
Good evening :) My husband and I have just reserved a new build (we're FTBs) which is due to complete in August. Our exchange date is the end of March. We're planning to move in to my parents' home mid-April to help us save money for furniture, flooring etc. I was wondering if any brokers out there have experience of this…
5 Year Fixed rates tell us what?
Decided to do a 5 year fix on my recent mortgage. Was surprised at that the rate was only 2.9%. Have seen others on rates from around 2.75% to 3.4% and up. What is this telling us about what the banks think is going to happen to interest rates over the next 5 years? Rates can't get appreciably lower but can increase…
Nationwide - Underwriter decision
Hi Just a quick question, my husband and I have been waiting nearly 4 weeks for the underwriters at Nationwide to review all of our documents that they asked us to provide. They have satisfied all of the documents we have sent now. Our financial adviser said NW called him yesterday (Friday) and advised that the…
remortgage question
Hi, we had a fixed mortgage which ended in 2012, we have been on the variable rate since as we had some arrears as being on the variable rate was nearly £200 a month lower, we kept our payments the same until the arrears were cleared, this took 10 months. We have had no arrears with our mortgage for nearly 2 years but we…
BTL application at DIP stage-wait to remortgage residential mortgage?
I am looking for some advice. I have just got DIP for a BTL mortgage on a small flat. I can see the lender has done a credit search on my file. I have sent copy statements, etc but everything still has to be reviewed by underwriters. I'm also looking to move my residential mortgage to a new lender. I went through the…
HSBC contradictory mortgage terms
I am interested in this HSBC product: Lifetime Tracker High Street Special Max LTV: 80% interest rate: 2.39% interest rate period: 20 years Booking fee £1,199 In the website product description, they state: Pay your mortgage off early: Without an Early Repayment Charge (ERC). But further down they state: No exit fee: Many…
**Help** with Equity Loan & re-mortgage options
Hi, I hope someone can help with my re-mortgage options. We are to re-mortgage in May 2015 and have two options. A housing association own a 20% share in our property which we purchased at £180,000. We have an income right now that will allow us to extend borrowing a further and pay of the housing association. Our house is…
Mortgage eligibility
Hi - I appreciate that no-one can give me a definite answer to this question, and I fully intend to approach an independent mortgage adviser for their advice also, especially with the multiple issues involved. My plan had been to continue to save for my deposit over the next 6-10 months and that would have put me in a very…
Historic mortgage interest rates
Does anyone know of a website that shows the interest rates payable by Woolwich mortgage customers in years gone by ? I recall paying close to 20% on my mortgage in the late 80's ....
Claim Back or Compensation from Mortgage Repossession
Hi all Not sure if anyone can help or if there is anything that can be done but worth an ask! My story... In 2011 a mortgage I held with an ex partner had to be defaulted and the house repossessed. She walked out on the house and stopped contributing to the mortgage even though her name was on the mortgage. I did all I…
Large Mortgage App Now or wait a few more months
Hi - Im new to the site but have been lurking for some time and know how great the advice is here - hope somebody can help - were wondering whether we would qualify for a large mortgage now or would need to wait a while - here's our circumstances:- Husband Salary - 55k Bonus Total - 30k (paid monthly) Shares total price if…
Woolich mortgage application
Hi I finally got a DIP with the Woolich, been doing the mortgage application today and it's asked for my tenancy agreement reference number? I don't know what this is, it doesn't seem to be on my tenancy agreement? Any help would be appreciated, thanks
Question for the brokers I think - please advise if this is possible
Ok here goes; Hubby - £20,000 yearly (self employed income - been self employed 10 years). Me - NHS worker - £13,800 yearly CB - £136 per month Tax credits - £299 per month DLA - £307 per month Looking for a mortgage for no more than £180K (we only have a 5% deposit/equity), saving with 3 kids is pretty hard! Our bank have…
miss sold mortgage interest only
I took out a Mortgage with money partners ie now kensington but found that my mortgage is miss sold through the broker freedom finance I've been told to take it to the fscs and ask for a full refund what happens to my mortgage if its been miss sold by a broker. Freedom finance. That has gone into liquidation Any…
Let to Buy Query re:rental income
My question pertains to income from lodgers on a second property in which I would live after taking a Let to Buy on my current flat. Would a lender take into account income from rent generated from potential lodgers. Here's the situation : If I had a Let to Buy mortgage on the current flat, value now £330,000 - owe…
Mortgage increasing term
Hi guys ive got a mortgage and want to increase the length of m/gage. I phoned them up and said they need proof of income. I dont really want to go through it if theyre going to be difficult about it as ive taken out a few credit after the mortgage. has anyone had experience of increasing the term, difficulties etc Thanks
Remortgage - solicitor never changed land registry
Morning, Long story short, bought a house 3 years ago using fixed rate 3year mortgage over 25 years. After making the final payment at fixed rate we have attempted to change mortgage company to get a better rate as you do. Unfortunately this has taken a significantly long time because the Solicitor never changed the names…

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