-
Mortgages and Debt
Hi all, Hope this is in the right forum. Looking for some advice although I'm 99% sure I know the answer! This is my situation: Bought a flat 6 years ago taking out a mortgage only in my name. Had very little debt back then, maybe a few hundred on a credit card. Since then, I have married and myself and my wife live in the…
-
Nationwide - How long to draw down mortgage funds?
Hoping someone can answer this My vendor and I are looking to complete 1 day after exchange but not sure how quick the solicitors can get the funds from Nationwide. Anyone have experience of quick completion with Nationwide
-
Mortgage application and Overdraft Question
I know no one can give the exact answer but want to put my mind at rest. I am currently preparing to port my existing mortgage to a new property and waiting to sell my current property. Last night I was moving my money around and paid myself this week’s wage (Contractor with Ltd Company) I needed to take out £280 cash to…
-
shared equity scheme
Hi there , here's hoping some ppl are able to shed some light on my current situation .. I purchased a house in 2009 via the Shared equity Scheme with the developer owning 25 percent giving me 10 years to pay back .house cost 225,000 and borrowed 75 % from Halifax and agreed to pay back the remaining 25 % to the…
-
Mortgage denied due to buy-to-let
Hello, I'm currently trying to apply for a mortgage that should be within my affordability but am repeatedly denied an application in principle. I have two buy to let properties that give a net monthly income of £170 after costs but these seem to count against me (I think, as I can't see why else my applications are being…
-
Generically speaking, whats the best option to go for these days? Ltv/term etc?
My girlfriend has just had an offer accepted on a house and she is a first time buyer as she currently lives with her folks. The price agreed is for £160k. She currently has a decent sized deposit saved of 50k but is totally unsure of what type of mortgage to get. A mortgage broker has advised of numerous deals she could…
-
Electoral Roll
Hi all, I'm currently in the process of applying for a mortgage. I've applied to register on the electoral roll and have received a letter from the council confirming this. However, this has not appeared on my credit report and it's saying i'm not registered. I've already passed the AIP stage and my bank have checked my…
-
re-mortgage concerns recently switched job as contractor
Hi, my re-mortgage is due in june 2015, currently I am with nationwide. About 10 months back I switched my job as contractor as to I was working permanant before that. I learned that there are lot of fuss about high street bank lending to contractors Preferably, I want to re-mortgage with nationwide as they have good deals…
-
Mortgage - on benefits
Hi, I am looking for some advice please. My mortgage is up for renewal next mont, I'm with nationwide and my rates aren't all that bad, however I could get better but I don't know which companies except benefits as income. I work part time and my wage is about £8000 per year, my partner is on Employment Support Allowance…
-
porting mortgage
Hi i have offered on a house 15k cheaper than mine, what happens to that 15k when it comes to my mortgage, would i be able to use it for home improvements as it needs some work, new windows and refurbishing
-
Valuer didn't show. Can broker do anything?
We have an application in with Abbey/Santander. The valuer was meant to show today but didn't come. The house is a new build so the sales exec for the developer was on site waiting. When they didn't show after the time they said they would she rang them and they said they're too busy and don't know when they can come, if…
-
first time buyers, mortgage declined, feeling stressed
We are first time buyers, we wasnt looking at buying for a while but found a house cheaper than what we was saving for and really liked it so decided to go for it. The house is £110,000 we are putting down a 10% deposit. Other than my car finance we have no monthly payments as everything else is payed of, although dont…
-
AIP and 'formal AIP'
Hi everyone, Just wanted a bit of clarity on something. A few weeks ago, I applied for a mortgage with CMME. Based on my gross contracting income, Halifax were selected and offered me an AIP of £500k (far above what I went with). I have a LTV of 90% and am putting £30k down as deposit. I found a house, put an offer in, it…
-
Clydesdale bank
Anyone have any experience of dealing with them directly They don't do an AIP??? How does that work then? Cheers
-
Negative Equity, but want to sell
Hello, Over the past couple of year my partner has been living with me and renting out her flat as she was in negative equity. Rather than dealing with issue, it seemed renting and hoping the property market picked up would be the best way to go. We're now in a situation where it is becoming a bit of a bind. The rent only…
-
Interest only letter from C&G
Hello I've joined this forum as I'm hoping one of you lovely Lewisites has some experience of what I'm posting about. We have a part repayment, part interest only mortgage, and we've received a letter from our provider asking for confirmation of how we plan to pay off the interest only bit. We did have an endowment, but…
-
2 year fix at 2.69%, 80% LTV no fees and no hassle – decent?
We’ve been offered a straightforward change on our mortgage to a deal which is 2.69% fixed for 2 years, a saving of just under £40 monthly to us. We’ve also been offered 2.39% but with a fee that by the time it was added to the mortgage (we haven't the means to pay up front) we’d be out of pocket by comparison to the first…
-
Mortgage interest charge
Hi there, I was hoping someone could please give me some advice. I have had an interest only mortgage for 10 years and have just exchanged contracts on my house. The Building Society have charged me £14k interest charge with no explanation behind it. We don't believe we owe this money. Has anyone ever accounted this…
-
Restriction on property, remortgaging.
I'm in the process of remortgaging, moving from a 5.09% 10 year IO fix, 6 years earlier than the end date with a £5,000 early redemption penalty and onto a new 3.04% 10 year capital repayment so the monthly payments remain and I get to move away from the unethical bank. The conveyancer has told us there is a restriction on…
-
Mortgage Valuation Report
Hello Everyone... My Solicitor has requested our Mortgage Valuation Report from Lender urgently. My partner and I didn't receive this with our mortgage offer. My broker is also saying that it's hard for them to get a copy of it because it is usually just for the lender. Not sure how to go about it really? Do I bypass our…
