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Mortgages & endowments

Archives for March 2015

Conveyancing Legal Fees
Hi, I'm a first time buyer. I've been recommended a solicitor through the sellers estate agent. Initially bought into the 'we have a close relationship, can make sure it goes smoothly' line. The EA get a referral which is basically paid by me, the legal fee along is double the typical quotes I've for of around 340 for…
Post Office AIP accepted already taken valuation fee??
hi all, applied with L&C for a post office mortgage last night, got an email this morning saying bank of Ireland have taken the £270 for a survey/valuation already? surely that's abit premature as we haven't been offered a mortgage yet? what happens if we don't get an offer now? is it bye bye to that £270?
LTV and lending criteria
I've asked this question but fear it may get lost in my broker thread... Does ltv impact on lending criteria? So, for example does a 60% ltv get underwritten in a different way to say a 90% given the lower risk? Asking because I currently have an application going through with Leeds. I've stupidly read lots of far from…
FTB: Just had my offer accepted! AIP higher than sites?
Hi all, First time poster long time lurker and finally in need of some MSE sage like advice. Here goes! 1) I saw the house that I wanted for £170k and approached L&C for a AIP for it and they gave me one for £150k-£153k which is fine as I have an up to £20k deposit (want to use just enough for a 90% LTV so I can use it on…
Buy to let issues
So I'm thinking about getting a buy to let mortgage on an auction property in Scotland. I would have 8 weeks from now until the completion is due. 1. Which lenders are the quickest to get an offer out of? The property has a home report already so valuation should be quick transcription. Ideally I'd like to have an offer…
First time buyers advice
Me and my girlfriend are looking to buy a property together (we've already been renting for 3 years). Just wanted to know if there is anything specific about our situation that could allow us to save money/anything we should be considering. Looking at properties around 425k, we have 38k in savings, plus the potential to…
How earnings are worked out.
Hi again all, Got my P60 today and have seen how much I've earned this last year. I will be getting my mortgage with Nationwide, who I bank with so they know how much I get paid. I am on an hourly wage and work 4 days on 4 days off average 14-16 shifts a month. I worked a lot of overtime during xmas and new year so on my…
Anyone understand these mortgage figures?
Can anyone understand these Barclays mortgage figures...I have raised a complaint with them but its taken 6 weeks so far for them to explain this to me with no result so far. I thought I might get a quicker answer here. According to Barclays...... Outstanding mortgage £134000 Rate 2.68% Term 16 years Contractural payments…
Mortgage Condition Help
Hi All, FTB here. I just wanted some explanation on a question or advice from anyone who has been in a similar situation. We have our mortgage offer and at the bottom of it is a special clause RE Credit Card balances. When we did our application they asked both of our current CC balances. They then asked what they would be…
YBS uncompetitive for existing mortgage customers
I have a 2 yr fix with YBS which will reach the end of its fixed period soon. YBS will only offer me as an existing customer 2.09% on another 2 year fix. However if i was a new customer i could get a 2 year fix with them at 1.18% with about £1500 in fees. I've done the sums and I'll be over £2.5K worse off on the existing…
Mortgage Help
Hi, We have got an AIP from Kent Reliance. We are applying for shared ownership. My mother in law gave us a gift of £4000 to contribute towards our deposit. Our solicitor and KR have requested her bank statements. I have provided them with the gift letter and her ID but she has outright refused to give her bank statement…
remortgage case
Hi everyone, from what I've read, there were some big changes last year and it's now tougher to get a mortgage. The fixed rate on my mortgage is due to end in July and I would like, if possible, to remortgage. Detailed situation below. I'm looking to borrow ~ £197000 at 60% LTV. Looking for repayment mortgage on a fixed…
Mortgage Fees - Are mine normal?!
Hello folks, I've just bought my first house (leasehold maisonette) and have just paid my deposit. I'm currently working long hours on a project in the US and I don't have time to scrutinise the costs being presented. I thought I had budgeted well, but the fees payable on my meager mortgage are £1900! You can see the…
Bank destroying me due to mortgage please help
Can someone please help re my situation, due to cicumstances I had to drop hours that I worked from 6nights pw to 2 nights,my 14 year old daughter moved in with me after divorce this was 2011 At that point I informed the bank of my situation and was put on interest only from repayment this continued into the second year of…
Please help re mortgage
Can someone please help re my situation, due to cicumstances I had to drop hours that I worked from 6nights pw to 2 nights,my 14 year old daughter moved in with me after divorce this was 2011 At that point I informed the bank of my situation and was put on interest only from repayment this continued into the second year of…
Mortgage application declined
Can anyone help/ We have been declined a mortgage by Halifax due to credit score. Is it worth writing to them to appeal this or do they not usually overturn these decisions? Thanks
Advice for first time buyer
Okay so this is what ive worked out so far, any input i can get would be greatly appreciated. Property Value - £144950 HTB Equity Loan 20% or £28,990 5% Deposit £7,247.50 5% Builder cash incentive £7,247.50 Mortgage required £101,465 The problem is the decision in principal was for £98,000 and the mortgage required is for…
Mortgage application declined! Help!
Can anyone give us any advice? We went through a broker at London country mortgages to apply for a 95 percent mortgage with abbey (santander). We were advised we would pass the affordability checks etc. we checked our credit file. We both have excellent credit scores with no missed payments etc. our mortgage application…
Mortgage/Bankruptcy Options Following Seperation
Hi, I currently have a joint mortgage with my ex wife (we seperated and she moved out coming up to 3 years ago). She has not paid anything to the mortgage since and I have been paying on my own. I wish to leave the property as it is a financial burdon to me but the house has a valuation of around £120,000 yet over £140,000…
DIP referral with Nationwide
Hiya, Just looking for a bit of advice / support! I have just sold my flat, missives concluded this morning, and we move out in 6 weeks. We put in an offer on a new property and this was accepted. We have a 15% deposit. We had a mortgage in principle with Royal Bank of Scotland but when we applied in full last week this…

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