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tricky mortgage request
OK here is our circumstance. We had a house in Scotland. now under offer and missives complete. due to complete is 5 weekstime. This will give us a deposit of around £40-45000. we want to buy a house nearer my employment as I drive 60 miles each day. However. I am 50 my wife 66. we have no debts no bad credit, and have…
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Advice needed. Leeds requesting letter from bank
Hi, I need some advice and not sure where to post, so please delete if necessary. I have had multiple problems with Leeds, to many to list. However they are now demanding that I have to go down to my bank (halifax) and get a hand written Letter confirming I have been banking with them for the last 3 years and proof of…
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Leeds Building Society
Hi all A bit of rant really, and just wondering of any one else has had a similar experience. We are selling our house and (touch wood) this is all going through smoothly The original plan was that we would sell ours, move in with the parents-in law and look for somewhere perfect. Anyhow we found that somewhere. Went to…
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1980's Version of First Time Buyer ISA
Can anybody help me out here? Recently whilst discussing the practicalities of the new Homebuyers ISA I said that when we bought our first house in 1986 we had been saving in a similar scheme available through Building Societies at the time. You put in so much (possibly on a monthly basis) and the government(?) put in a…
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BTL Mortgage Question
Hi All, Been on these forums a while but not much undertstanding of BTL mortgages. My younger brother is coming towards the end of his 4 year fix rate, he is happy where he is at the moment however has 12k in savings which he is looking to invest in property. His residential mortgage he has now is for a property he bought…
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Future Mortgages - terms and conditions
We're trying to track down a copy of the standard terms and conditions of Future Mortgages Ltd. If anyone can help we would be most grateful. The company seems reluctant to provide, doubtless because they are aware of our intent. This is to assist in mounting a claim for the recovery of unfair arrears charges imposed on a…
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Is a mortgage possible?
Hi, just after some advice, we were looking at buying a house new year, however a property has just come on the market that would be ideal, so thought we would check if it would be possible or a none starter. I have emailed a couple of brokers today and am waiting to hear back. The situation is hubby would be buying…
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Additional borrowing -How does the valuation work?
I am interested in borrowing some additional money on my mortgage to fund an extension and new kitchen and I was just wondering how the mortgage company goes about valuing the property? Is it a proper valuation or is it more of a desktop thing based on average increases since I bought the place?
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Had my Santander mortgage a year now..
Ok so me and my partner bought a house last year, took out a loan of £84,550,00 over 35 years under a repayment method. We have a fixed rate of 4.99% until May 2016, after that interest will go to Santanders variable rate was currently 4.74% Total ammount we must pay back is £174,621,86p, we pay back £2.07 for every £1…
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Switching mortgage low income
I currently own 1 property value approx. £280,000 with £45k mortgage. 2nd property approx. £340,000 with no mortgage. I want to switch mortgage from 1 property to the other. Problem is I am company director, only earned £10K a year past 2 years and no dividend last year. When I put my figures in to calculators, it doesn't…
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Porting mortgage refused
Nationwide refused to port our mortgage to a new property as they had changed their lending criteria, We had to pay a 12k early redemtion penalty to move the mortgage to Natwest so we could move house in October. We have fought this through the ombudsman but he has decided in favour of nationwide. Is it worth us going to…
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Im worrying about Buyers Mortgage
I am probably worrying about nothing..... but out Buyers Nationwide Mortgage Approval seems to be taking a very long time compared to others on this forum. They had the Valuation 2 weeks ago and was told last Friday all there documents have submitted and keep being told its in a backlog.... This is normal, as My Mortgage…
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To remortgage or not??????
Good morning folks :-) Please can someone help me decide whether or not to remortgage. My current mortgage is split into 3 parts only one of which has an ERC. The ERC as of today is £2054.72. The part with the ERC (Part 1) and the other main part (Part 2) are due to be paid in full in November 2029. The third part (Part 3)…
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Valuation
Our flat is being valued by a surveyor this week for an advance for home improvements. The property is a new build (2.5 years old) but has benefitted from price increases in London. I can be pretty secure that there are no damp/subsidence issues etc. so assume that the value is largely based upon sold prices in the area.…
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Looking to move house- are we over stretching ourselves?
Hi My partner and I have seen a house we really like which is priced at 350k. Our current house is worth 185k and we have just over 50k in it so a 15% deposit on the new house. I am 29 and earn 34k a year and my partner is 25 and earns about 30k. The mortgage will be £1200 a month so double our existing but I think it's…
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Opening ISA after Mortgage Offer
Hi all, I know all the advice about not opening any sort of credit account (including current account) between mortgage offer and completion and have been careful not to; however I am wondering about opening a new ISA for this year? All common sense says that ISA is not a credit account in any way; however I just want to…
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New mortgage and uncleared debt
Hopefully this is the right board to post this in:) We've sold our current house and been approved a mortgage for a new house (using 20% htb) and have a 5% deposit coming from the equity in this place, new house isnt ready for a couple of months yet. When we applied for the mortgage they did all the checks and we confirmed…
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How to work out finances for buy to let mortgage
I am in a very difficult position and trying to figure my way out of it. I am very naive about all of this so please be gentle with me. I have a property that is currently worth £260000 I owe £189000 on it we are having issues with selling it we have had several buyers but none seem to be able to get the mortgage because…
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Re mortgage
my husband and I are on a repayment mortgage with an outstanding balance of £167.000, monthly payments are £1122. this mortgage is due for renewal in March 2016. I need to purchase a new car and have saved £6000, will be making this up to £1000 with the use of loan or current credit cards and then seeking a 0% card to make…
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mortgages, benefits and first time buyer
Looking to finally have saved around a 10% deposit next year and have a few quick questions: Can income from CTC WTC and CB be considered as part of the calculation? Will my current rent payments and a loan which will complete before application show affordability ? Finally, I bought a house many moons ago when I was just…
