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Can I get a second mortgage on the same property?
I am in the process of moving home and exploring all the options to see what sort of mortgage I would be able to achieve. Currently I have a mortgage for approx 140k (with RBS) in a property worth 225k. This mortgage is with my father and myself due to circumstances when we bought the property. The mortgage is portable…
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Applying to remortgage with same lender
Our fixed rate with Nationwide ended about 18 months ago and we are at the stage now where we would like to fix our mortgage for the next five years for peace of minds sake and to help with budgeting purposes. I've been looking on line at various calculators and think we will probably stay with the same lender - before we…
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Halifax mortgage application
Hi all, I currently have a mortgage application going through with Halifax, all seems to be going okay so far, I have been told that I have been accepted subject to valuation by my broker, I just have a quick question, does anyone know the lead time on the valuation? The payment was taken on the 20th May and getting a bit…
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Barclays deposit proof
Does anyone know what proof of deposit Barclays require when it's a gift ? Nationwide asked my dad to compete a certificate of declaration stating it as a gift and also send coped of his bank statement showing the £ leaving his account for mine and also a copy of my statement show Dad's £ going into my account.
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Mortgage Question
Hi everyone I'm new to the forums and looking some advice or pointers if possible. In December 2013 I bought an apartment, a repossesion at 52k. I got my mortgage from my bank for 20 years at 44k with rates of 4.29%. I pay back £350 a month, could pay more if I had to. The total amount I will have to pay back is 66k. There…
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Proof of deposit to Halifax
Perhaps I am a bit overworried... Recently my hubby and I are buying our second property and have applied for a joint mortgage from Halifax. We have excellent credit scores (A rate) and long-term contracts . We have also 25% deposit in Halifax bank accounts and look for 75% LTV. The AIP has shown that we can absolutely…
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Mortgage offer from Halifax for discharged bankrupt
We are first time buyers, and have been offered a mortgage by Halifax. We are about to exchange contracts on a house but I'm worrying that my bankruptcy which happened over 6 years ago in feb 2009 will show up on the conveyors checks. We were told by our advisor that there checks only go back 3 years as there part of the…
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Paying loan off before mortgage completion
I have a query. I'm buying a new home (new build) and will be selling my property. Say I have a £15k loan outstanding, yet the profit/equity on my sale will many times multiply that £15k so I can pay it off instantly. My broker has said that the mortgage lender will be told upfront that this loan is there but will be paid…
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Nearly there......but.......
I have 3 years to go on my endowment mortgage (I owe £33k). I pay £75 on the mortgage and £83 on the endowment each month. Question is, as I will soon be inheriting enough to pay the mortgage off is it worth doing? Endowment fund value is presently £30k and rising nicely. Don't want to do anything silly at my time of life!…
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Completely lost
Mortgage details: APRIL 2008 LTV 125% Alliance and Leicester 25 years - 18 remain 65k approx on first part 10k approx on secured loan Split up with my ex partner 2 years ago I moved in with parents as he had nowhere else to go. We are currently each paying half of monthly mortgage payment of £434. Put the house up for sale…
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Help to Buy Vs Overpayments
Hi all... I'm getting my head in a spin against where to overpay/save for with regards to the above. I will explain my thoughts below, and see if the theory works out.... Numbers First: Monthly Payment: £600.00 (£5.45 of overpayment to make it a round number...OCD bout that where I can be!) Mortgage Left: 145,125.77 Help…
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Too many credit check? Mortgage advise
Hi All, My mortgage broker done 4 AIPs and one mortgage application so far. One AIP and mortgage application for the remortgage - that's fine. He has done another 3 or 4 AIP to see whether I can afford the mortgage with various lenders. I'm very tight on affordability. According to the broker those AIP checks leave hard…
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Patchy credit, what are my options for a mortgage?
[originally posted in credit file forum, was advised to repost here] Myself and my partner have just been turned down for a mortgage with a high street bank. Her credit record is spotless and mine has been clean for the past four years with no defaults. The problem appears to be mortgage arrears on my own property I had…
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halifax aip
Hi sorry another question from me! I've heard that halifax aips are not a very good guide to them actually approving a mortgage (they check only the current address for example) I previously had a bank account with halifax that was closed 5 years and 10 months ago and was for the last few months in an unarranged overdraft…
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Nationwide update
Well, this has been a saga. Nationwide have come back and offered me £20k less than I have asked for, as they do not accept more than 2 incomes. They have accepted outright that they have mistreated me as my 3 incomes were made very clear in applying for the DIP. It was only then deemed unacceptable during final checks.…
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Can someone double check some figures?
I do have an independent mortgage advisor, and I have emailed him to clarify, however my husband is deploying for 6 months on Monday and don't want to spend the weekend worrying. Situation is husband earns £25,000 basic, we have seen a property for £90,000, we have £12,500 deposit. Husband is applying in his own name, 5…
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What are my chances of getting a mortgage
Hello, I found this forum and thought I would post a question as I need some advice. I am 24 and have been self employed for just over 9 months now and I want to buy my house. Its a council house which I have lived in all my life so I believe I qualify for the right to buy scheme. The house would be 250k normally but I get…
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What should we do?
Hello My husband and i are looking to buy our first home together and we found a nice house very close to my work which is great. My job is very demanding (husband is self employed and works less hours than me) and with the commute added, we do not get to spend as much time together as we would like. After our offer of…
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Self employed and a new mortgage deal
Hi all, I bought a house last year and my mortgage deal was for 2 years (so deal ends May 2016). For nearly 4 years I have been employed on fixed term contracts, so whilst this limited my deal options last year when buying my house, I was able to get a mortgage through Santandar. I am currently employed until December…
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Nottingham Building Society Mortgage Advice Service
Hi everyone, My partner and I are first time buyers and so a bit new to all of this. I was wondering if anyone has any experience in using the Nottingham Building Society's Mortgage Advice Service? I've looked around online and can't find any comments. It's fee free and they say they check over 40 lenders but am concerned…
