-
Single name application but joint names on deeds
Hi I am looking to apply for a mortgage solely in my name despite being married (my wife lives and works in Italy, has never lived in the UK and will not immediately be moving into the property once it is bought, hence applying solely in my name). However, I would like my wife to be a joint owner of the property. How would…
-
Overpay or save??
Sorry if this has been covered many times, I've done a search and not really found the answers I'm looking for. So here goes: Buying a new build property using HTB EL have mortgage offer with Nationwide fixed at 2.29% for 2 years for about 230k the equity loan is about £61k We're looking to save around £500 a month, I'm…
-
Help me choose the best mortgage way forward
Hello, We've got to the stage of offer accepted and need to sort out our mortgage. We're buying for £320k with a 15% deposit from our existing property sale. The mortgage will be £272k. We already have a mortgage with a building society which we can port, adding a top up to cover the rest. This is £150k at 4.99%, fixed for…
-
More on mortgage than house offer
Hello Please mind my stupidity but I have ist had a offer accepted on a house we want to purchase. We have it accepted at 156 now I am wanting to take a mortgage out at 175 to cover renovation work that needs doing on the house. We will be getting a 95% mortgage will this at all be possible or not? Thank you
-
endowment policy sold by bank halifax
hi, its my first time on here but was wondering what the standing is on the above. In the year 2000 i bought my first house and was advised to take out an endowment policy for the mortage which i did,i was a young lad at the time and all this was headache. after a couple of years at the house i was laid off work and had my…
-
applying for a mortgage with a bank loan already?
Hi guys, my partner bought a car a few weeks ago from the car people, he got a loan with his bank as saved him paying an extra 4,000 using there laon which was black horse, he is very good with money and gets a decent wage, his bank never turns him down for loans as he pays them upo with no missed payments, the only…
-
PhD student getting mortgage for 120k flat?
Hi all, I would be interesting in seeing what you guys think about my situation. Just before starting I want to ask, if possible, for an unbiased as possible opinion so not one that I've heard from some others I've spoken to that say that is a silly idea and it would never work but instead if the pros and cons of this idea…
-
mortgage endowment issue
Hello all I hope someone can advice or put me in the right direction. I bought a house in 1990 on 25 years interest re-payment and endowment. Until now I have been paying for my mortgage monthly on the asumption that what I was paying for interest and also contribution towards my endowment. I have been told by mortgage…
-
Homebuyers Report
Hello What are the pros and cons of getting the lender to do the homebuyers report on top of their valuation report. Is it better to get your own person to do the homebuyers report? Many thanks in advance.
-
Mortgage rate change during application
Hi, We are FTBs. We have applied for a mortgage with the Post Office and have a AIP. At that time (31st March) the rate was 3.98% (95% LTV). We have since submitted a full application for the mortgage and I have now noticed that their website shows the rate for this mortgage to be 4.29%. I understand that they can withdraw…
-
Please help! What should I offer?
Hi, I am a first timer buying and my vendor pulled out on me today for some weird reason. It was only yesterday I had my mortgage application approved subject to valuation. The property I just lost out on was on the market for £146k in January 2014 but apparently the buyer pulled out so it came back on the market in…
-
Apply for multiple mortgages?
From the buyers point of view, once an offer has been accepted, is there any point in applying for a mortgage in more than one place just in case the preferred lender decides not to loan the money? Anyone had any experience of doing this? Thanks, DD.
-
2nd property - purchase/borrowing options
My partner and I are looking at buying a second property with shared ownership with my partner's brother-in-law who would be unable to get a mortgage in their own name. There will be three parties involved in the transaction; P1: age 51, salary £65,000. Existing mortgage balance £113k, base+0.75% (£40k interest only -…
-
Pay slips don't match application
Hi just need some advice, my girlfriend and I have applied to halifax she said her income was 11k on the application it turns out it's only 9300. However mine was 700 more than I said plus we have 1100 child benefit is this discrepancy likely to cause is an issue? We were allowed to borrow up to 148500 but only needed 59k
-
Our buyers offer runs out 2 days after exchange
Hi, Our buyers mortgage offer runs out 2 days after exchange, they have already extended once. Will this mean that they will have to reapply for the mortgage. Steve
-
Mortgage confused
my current fixed rate deal is coming to a end, I owe, when I have paid my 10% penalty free around 21500. I really don't want to pay a massive fee to a broker if I can do it myself. I want to lower the term from 10 years to 7 if possible and I'd rather not pay any fees as I will be stretched with paying the 10%. My current…
-
change of borrower refused
Hi, I am currently in the process of being taken off the mortgage I jointly own with my ex partner through santander. My ex now lives in Dubai and can afford to take the mortgage on soley with the intention to rent it out. After an application over the phone, credit check and sending them proof of income, Santander have…
-
Buying remainder of house from MIL!
Hi all, Have been looking through the forums to try finding a similar situation but can't see one (or search very easily for it either!). Any advice much appreciated. Wife and I are first time buyers, with my wife being in the fortunate position of owning a 50% share of her mothers 2nd home (that she herself inherited). We…
-
remortgage predicament
The missus and myself are looking to remortgage as our current one is coming to an end shortly. My question is this. We bought the house for 115k with a 10% deposit and completed a lot of modernisation. We borrowed an extra 12000 on the mortgage to pay for the works so this effectively cancelled out our deposit if you…
-
10 Year fixed rate mortgage at 3.24%
With only a £500 arrangement fee. What's not to like? I suppose the fact I asked the question means I know there must be something - but given that it is only a £100k mortgage with a LTV way less than 60% - is the only answer to: "what is not to like" the potential for zero interest rates. :eek:
