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Mortgages & endowments

Archives for June 2015

difference between policies
Hi , i am in the process of purchasing a leasehold flat. can someone please let me know what is the difference between indemnity policy and bespoke policy? Thanks
Calling up notice period HELP
Can anyone help or give advice please I handed the keys for my house back to the clydesdale bank in July 2011 I wrote a letter to them enclosing the keys as I could no longer afford the repayments, they then boarded up the house and changed the locks, in October 2011 they sent a calling up notice which they chased up in…
Buy To Let - remortgage my house?
Hi, I'm considering getting into buy-to-let, I have I think most of the deposit cost for buying a flat and so will be looking into BTL mortgages which I'm aware are very different from a standard mortgage for a primary residence. However, I've paid off the mortgage for the house I live in and it's value is significantly…
Disadvantages of selling flat, and paying off remainder of my mortgage in one go?
Please ignore - posted in wrong forum - mods feel free to remove.
Halifax mortgage retention deal
Not sure which one would be best, 63% Ltv: 2 Year Fixed - £450 (Approx) Interest rate: 1.99% Monthly payment: £450 Including mortgages you're not switching, this is your approximate total monthly payment. Early repayment charges: 3% until 31/10/2016, then 1.5% until 31/10/2017 or 4 Year Fixed - £500 (Approx) Interest rate:…
Mortgages and unsecured debt
Hi All, I have an unsecured loan of £32,000 (£23,000 loan and the rest is interest, so this is the total owed) against a salary of £30,000. The loan was necessary at the time to help a family member. This costs c. £300 a month over the next eight years. I have sale agreed on a property and met with a mortgage broker. I've…
Barclays Application
Hi everyone, I was just wondering if anyone has recently been through the mortgage application process with Barclays/ Woolwich? If so any advice you could give would be really appreciated. I'm a first time buyer and have my first application on Tuesday. Could anyone please tell me what questions they were asked by their…
Broker mistake - mortgage worries from the off
Hi, can someone please settle my nerves. I'm a first time buyer and it will be my partner second. My partners property is nearly sold and the equity released will be used as a deposit. We have made an offer on a nice new home and the seller has accepted. However, we made our broker aware of an outstanding £4K credit card…
Halifax Mortgage Recommendation - confusing language
Hi, I just went through what we were told would be the mortgage application phone call when we booked the appt, and it's turned out to be a 'mortgage recommendation' interview instead! At the end (2.5h later) the young man recommended we take the same product we had wanted to apply for in the first place, sent us a key…
Buy-to-let - Property valued less by valuer
Backstory - My wife and her sister own a flat and myself and my wife are looking to buy out my sister-in-law and rent out the property. We have agreed with my sister-in-law that we would buy her half of the outstanding mortgage and we have has the flat valued recently at higher than the outstanding mortgage. We also have a…
Paying off credit card for mortgage application
Hi all, me and my partner are looking to buy our first home sometime within the next six months. My issue is that I have a credit card with santander of 2500. I increased my overdraft to pay some of it off as it was at nearly 4k and the interest each month was around £50. My bank is also santander and when I enquired about…
That'll be the day!
The 9th July is down as our completion date, the solicitor is requesting our mortgage funds for this date so we can complete - but he's not yet told us he's exchanged! They did say they could exchange/complete on the same day but I'm aware that until exchange happens the vendor isn't committed to the sale... so that's me…
Which is better - larger deposit, or better credit rating?
Hi guys, I've been renting for years, and have decided it's time to pay into something I own, rather than someone else's pockets. As a first time buyer this is all very new to me, and I'm hoping for a bit of a steer with regards to what would be more attractive to a mortgage lender. I'm not going to buy anywhere for about…
Am I able to get a mortgage as a student and will it effect anything?
I have recently inherited £50k from the sale of my dads mums property. This money was not written as mine in her will but officially my dad has inherited £300k and is giving 50,000 each to me and my sister (have not yet got this money). I am currently living at home still, but my mums mum (my other nan) is selling her…
Help to Buy - Negotiation
Hi all, Currently I am looking to purchase a new-build property under help to buy equity loan. I have seen a few properties and looking to go for a couple of them. Please can anyone advise whether you can negotiate from the advertised prices? Also how would you go about negotiate as normally the estate agent would…
Disputing Nationwides house value
We are looking to build an extension on our 3 bed semi property. I called Nationwide this morning to get an idea of what they would lend us. They will lend (providing affordability is ok) up to 85% LTV. Our current mortgage balance is £157800. Nationwide place our house price at £203k - £211k. We live in Aberdeen where…
Accidentalish Landlord - consent to let expired
Hi everyone I wasn't sure whether to post this in the mortgages or house buying/renting/selling so apologies if I'm in the wrong forum. My fianc! became a landlord when we bought a house together in August 2013; she did everything by the book and obtained consent to let from her lender (Principality). She had to renew this…
Remortgage and existing debt
All I find myself in a difficult situation, and I hope that someone might be able to give me some better advice than my current mortgage adviser. The situation is as follows; I have spent the last 5 years doing a large extension to my home. I remortgaged 2.5 years ago and cleared the debt that i had accrued doing the first…
question around natwest occupier consent and postponement deed
Evening all. I've just received my Natwest Mortgage deeds to sign and return and with it, an Occupier consent and postponement deed. The mortgage is solely in my name and the house will be occupied by my wife and I. Do we both need to sign the occupier consent and postponement deed or is it just the wife? Also, if we both…
Nationwide process clarification
Hi there, I have had my offer accepted on a house and using a mortgage broker. Last Thursday morning my mortgage broker called to say that she has done the full application for me. By 4pm she called back to say it has been accepted by Nationwide, and she then took payment from my card on my behalf for the valuation right…

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