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Mortgages & endowments

Archives for May 2015

Mortgage app and late/missed payments
Hi, Completing mortgage forms this week as they have been sent out. I done it over the phone, they asked about if we had been in arrears on any financial commitments. I told them I had some missed payments on CC in 2007 which he said thats not a problem, he then went through my partners details but didnt actually ask that…
How long does a full mortgage application take - 3hrs??
We are currently going through the new home buyer service recommended by Belway homes. Yesterday we provided financial details to establish affordability to allow us to reserve our property. After reservation they called me this afternoon to go through further details, confirm the details provided yesterday and said they…
Mortgage for auction property; house and flat.
I have seen a property which I love :) . It is for auction on 22nd July. Guide price £365000. DH and I have no money- well, perhaps £9000 floating around in ISAs- I would need to double check. We have a car loan which will be cleared by 9th July or August. I also have a credit card (0% for 23 months which I will be paying…
Halifax Mortgage
Hi All, I was looking for some advice or clarification on Halifax Mortgages and how the process generally works. I'm a FTB and basically my parents have offered me their house to buy. The cost price they want to sell it to me for is around £79,000. I have 15% to put down on the house, and this is coming as a concession,…
Mortgage deposit
Having just made an offer for an apartment, I am currently finalizing documents and finances in order to be ready to make a formal mortgage application with HSBC next week. I just a question regarding the deposit: - My deposit is 75k, made up of 25k from myself and 50k from family (mortgage is around 30k). Should I…
Metal Roof Remortage
I live in an ex council flat, and have just finished my initial 2 yr fix with Santander. I tried to get a remortgage with Coventry Building Society, the property got valued higher than needed, but they declined due to the roof of the block being metal sheeting. I am wondering if anyone knows what companies will allow these…
Mortgage Porting
Hi, i am loking for some advise please. My current property is valued at 225000 with 164000 outstanding. The property I am want to move to is valued at 170000, I have offered 150000 as there is lits of work required. If I can secure the sale at 150000 and want to port my mortgage, taking early resettlement in account for…
Newbuild LTV
Hello, Does anyone know which lenders offer a mortgage on newbuilds at 90% LTV? My broker is applying for one right now but he said he cannot tell me who the lender is at this stage. Only that there are 2 lenders who offer 90% mortgages on newbuilds. Thanks Sheep
Mortgage refused because outline planning permission is on the land
Hi all, Wondering if anyone has ever come across this before? We have a mortgage fully agreed by Santander and a separate surveyor (our own Home Buyer survey) has said the property is worth the offer we have had accepted by the vendor. However, when Santander's surveyor visited the property he has noted that there is…
10 year mortgages
I'm a first time buyer, looking to borrow about 40-50k are 10 year fixed the way to go? also how do ERC work? one I was looking at says Early repayment charge: £80, plus (6% until 30-06-22, 3% until 30-06-25) of balance repaid does that mean 6% of what's been paid off gets added as a charge?
Help to buy and Consent to Lease
In September 2014 I took out a mortgage on a home with Halifax. I intended to live in this home and I have been doing so. However, circumstances have arising that impact my financial situation and are a threat to my ability to make my mortgage payments. Also, I face the threat of redundancy at work and should that happen…
mortgage offered but spelling mistake in middle name
we were offered a mortgage by post office about 3 weeks ago. didn't notice at the time but there is a spelling mistake in my partners middle name. only noticed when I picked up contract from sol on Friday. ive contacted L&C who arranged the mortgage for us but being a weekend wont get a reply until tomorrow. what happens…
Large Loan with 90% LTV
Hi, After a bit of advice, probably from a mortgage broker. We are looking to buy a property with a 10% deposit and need a loan greater than £500k From looking at lenders acceptance criteria, I can see that most cap lending at £500k for a 90% LTV Does anyone know those that don't? Any advice welcome Thanks
Buying before selling?
Hi there, I suspect the answer to this will be that our plan isn't possible, but just wanted to get independent confirmation before I put the idea to bed! We're planning a move this year, and for various reasons would like to be able to complete on the new property without being reliant on the sale of ours (although we do…
Mortgage offers and timescale
Hi all, Apologies if this is a bit of an unanswerable question, but I'll ask it anyway. Is there a typical time limit placed on mortgage offers, or does this vary significantly from one lender to another. I have had it mentioned to me that once an offer is granted, that a customer has three months / six months to take up…
Can a bank force me to pay off my interest only mortgage.
Like so many people work sometimes annoys me so much I'd like to quit. If I did that I would no longer have the income coming in which I needed when I started my mortgage. Could the bank force me to repay all monies due? I have never missed a payment and therefore have no arrears and could pay it off at anytime but I…
Mortgage application when wife will be changing jobs
Hi, Just after some basic information. Im in the armed forces and live in forces accommodation with my wife and 2 children. We were thinking of buying almost two years ago, but then we found out we were expecting 2 boys and so postponed it. We are looking to buy back where our families live, and because that's over 200…
Nationwide
Hi all. Just wondering what your views are with Nationwide my broker has offered some options with them, but I wanted to know are they normally difficult to secure mortgages with ? Need lots of paperwork ? We are intending to pay off debt on completion are they ok with this any advice would be appreciated.
Mortgage Redemption Figure Doesn't Seem Right
Hello All So my property is sold and the solicitors have received a redemption figure from Halifax. However it doesn't seem to match up based on the statement they sent me 31/03/2015. The redemption figure according to them is : £144601.17 based on redemption 12/06/15 My statement dated 31/03/2015 was a redemption of:…
New homes mortgage helpline
Hi all Currently looking to purchase a new build via bell ways. They wouldn't let us reserve property until we had spoken to the new homes helpline to show we could afford the property. All the affordability checks came back ok. Now have a choice to either carry process on via them or choose my own broker. Does anyone have…

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