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Help - Mortgage confusion!
I have a residential mortgage and am now in a quandary. When my mother became terminally ill I was travelling from Portsmouth to Devon every weekend to support her and my father. In the end I was staying longer and longer in Devon. I was spending less time at my property and when my mother died my father was really…
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CIS endowment
i have a 25 year cis low cost endowment which has 4 and a half years to run. in April cis announced that a 25yr policy returned just over £30,000 based on £50 per month. I keep on getting RED letters from them saying it won't be enough to pay out £just under £40,000 I pay £70 per month so surely using recent figures it…
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Relocation help!
My family (myself, wife & two boys 2 & 7 y.o) are in need of some advise / know-how on the ways round relocating whilst NOT coming off the property ladder. We've wanted to relocate for years, but have never even got close because of the lack of 'like-for-like' jobs for us both. Now we are thinking about just going for it…
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Retention options
At what I was hoping to be the final stages of the mortgage process and I've hit a snag. The lenders requested a roof survey following on from the valuation report. It came back as being OK, although the chimney could do with recapping at 1k. Fair enough, I'll probably get that looked at more closely and done. The roofer…
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Sole Mortgage, but partner has deposit
Hi all, I've looked through the forum and have seen this situation mentioned a few times. It seems rare, though, and appears to be some grey area. Would appreciate any advice you have. I'm in a civil partnership. My partner is retiring within weeks and he'll receive a pension from his work, along with lump sum of ~£50k. I…
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Mortgage with my 81 year old mother
Please can someone suggest a decent bank/building society who will lend 69,000 to myself and my mother we want to buy my mother council house in both our names but I will be the one with the mortgage. I am having such problems with banks not wanting to lend because my mother is over 80 years old. I am 51 and run my own…
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Mortgages as an umbrella company PAYE employee
Hi, For the last 2 years I've been accepting contracts & renewals with the same company, which I have taken via an umbrella company, officially making me a PAYE employee, rather than self-employed. I am looking to become a first time buyer and recently contacted a housing provider who wants me to complete a financial…
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Nationwide AIP > Full Mortgage Application
Nationwide gave us an agreement in principle about 2.5 weeks ago so we have now made the full application through our broker, which has been with them about 8 working days. If you've had an AIP, and all your paperwork supports all the information originally supplied, what's the usual success rate of being made a full…
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Some possible mortgage advice before I leave the house...
The only reason why the Christmas holidays is that she has to go is a Christmas present to my mother I am so proud to have an app for the future and the Christmas Eve I love it
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HSBC Mortgages
If I'm going for a £40,000 mortgage and I''ve got a decision in principal/mortgage in principal where they have already done a credit check. Do they do another credit check when you do a full application or do they only do 1? Also if I get a mortgage for £40,000 over 25 years is £60000 about right in terms of what i'd pay…
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How high can the interest rates get?
Hi Guys, I'm a FTB, have a big deposit (60k) for a 180k house. I am very good I think at saving money. I've saved £14-£16k each year for the last 4 years and now it's time for me to buy my own property. I understand that interest rates are low right now, so what is affordable in 2015 might not be affordable in 2020. My…
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HSBC mortgages - PDF
Hi Last year I was able to download HSBC's rates in PDF format but I can't find the option to do this any more. I don't suppose anyone has come across this?
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HTB Equity Loan vs Mortgage Repayment
Hi, Theoretically speaking if at the end of the 5 year interest-free term with the governments Help to Buy Equity Scheme there is potential to repay the 20% loan in full... Is it then generally advisable to repay the loan in full, or be overpaying towards your mortgage for the 5 years and then sell/re-mortgage before year…
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When are Halifax/Lloyds 2015 Q1 house price index figures released?
Hi, does anyone know when the Halifax/Lloyds house price index will be updated to give 2015 Q1 figures? We'd like to borrow more for some renovations but the present LTV is marginal - mortgage advisor advised we could overpay the £150 or so shortfall to borrow the minimum amount which seemed a little silly! That was with…
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Overpayments can you keep the monthly payments the same?
Currently reading the big bad book of terms and conditions of TSB mortgages. it states in the overpayment section "We set your new monthly payment so that it repays your loan over the term we orgianlly agreed with you" If i am paying £600 a month but then decide to overpay £100 every month i do not want them to recalculate…
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Mortgage application - underwriting steps Natwest
Hi guys, My husband and I according to our broker have been accepted a mortgage by Natwest, but our details are currently being looked at by their underwriters. This was process started Wednesday and Thursday we were asked to provide details on my husbands current account (as so far we had only given information in his…
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Property purchase fallen thru...please share
Hi, I applied to Natwest for a mortgage after my offer was accepted on a property. The mortgage was approved on Tuesday subject to valuation. But the purchase fell thru on Thursday, a day before the valuation. Please has anyone had an experience with this in the past? Usual how long does one have to find another property?…
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Help to buy will it stay?
We have just sold our house so going to rent until we find something we like. However we will need to take a 95% mortgage so will be taking advantage of help to buy. I am just concerned for how long it will be on for? Does anyone know if its going to end or if at least 95% mortgage will remain? Thank you
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Remortgage deal with unlimited overpayments
Hi, My current mortgage deal is coming to an end in June and I'm looking for a new mortgage deal - fixed for 5 years but will allow me to pay unlimited or at least a large amount of overpayments each month. My mortgage will be about 130k and I will be able to overpay a considerable amount each month, which I'm hoping will…
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Barclays offset morgage - watch out
Hi, For those who have the Barclays offset morgage watch out, they are sending out letters saying that unless you tell them otherwise they are capping your credit limit and you _wont_ be able to increase it again! If you phone them up you can tell them _not_ to add a cap, but otherwise they are basically taking away the…
