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Remortgage and borrowing to extend
Hi all. I currently have a mortgage on a propertie I purchased 6 years ago. The propertie was in disrepair (no kitchen and previous owner had lost the plot and burnt down the barn) I saw it as a project and as such got a bit of a deal. The mortgage is with Halifax and is out of term and running at an interest rate of 3.99%…
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Can this be right?
We have three endowment policies due to mature next year, and a while ago I got projected value at maturity. I am putting our financial affairs in order currently, so today I received current surrender values. There was almost no difference between the figures. My question is can this be right bearing in mind that I…
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Information on transferring mortgage to another property
Hi I was wondering if anyone could help me? My husband and i had a mortgage accepted with Natwest, unfortunately the valuation came back with concerns over bay windows. Long story short, we had a structural surveyor go out and there were a lot of issues that would of cost too much money. We therefore sadly had to pull out.…
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Resale of right to buy property
I'm currently in the middle of selling my home and buying a bigger house. My house was originally purchased from council under right to buy scheme, I will have some discount to repay as the 5 years isn't up until November this year. I have done everything meant to with giving right if first refusal back to council,…
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just a question
y have endowments over recent years failed,,they worked very well before,,same as a lot of investments,,in past did wwell now very poor,if the worked y change,were they chasing more money,or just plain bad investments,,these people have lost a lot of our money,,i now dont trust banks etc,,
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Advice regarding buying/selling & mortgage
Hi, I'm sorry if I've posted this in the wrong section, were in a bit of a pickle. Two years ago, my partner and I bought our 2 bed flat. We love it, it's great! We sort of set a goal of 5 years to sell and buy a house as neither of us really wanted a share of freehold but we could only really afford a flat at the time.…
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Help what shall I do whilst waiting for my new build to be built
Hi I have completed on my sale of my house and now moved into the parents in law until mid Oct whilst our new build is built. I have a royal redirect so any post comes to the parents in law. The question I have do I need to change address to my parents on the Mortgage Offer and Change the address on the electoral role?…
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Remortgaging withing 12 months of buying
Hello I bought a flat but was unable to move into it straight away, so it was let out. I am moving into the property in August and would like to remortgage at the end of September on a residential capital repayment basis. I will have owned the property for over 6 months at this point. I understand a lot of lenders are…
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Large deposit but missed payments 6 months ago
I am looking for some advice and will be instructing a broker to look at our situation shortly. But in the meantime wanted to get some thoughts on here. I am in a new relationship after going though a messy divorce. 6 months ago I was in some financial difficulty. No ccjs or defaults but I was 3 missed payments on a loan…
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Savings question, related to mortgage application...
Hi all, newbie here and a little lost! I will be applying for a mortgage within the year. I have 2 bank accounts. One main Barclays account and another Natwest basic account that I use for saving up for my hobbies etc. When applying for the mortgage, do I need to declare the second bank account and its contents? Would it…
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Mortgage Advice
Hello Just looking for a little guidance/advice. Currently paying off debt in the hope of applying for a mortgage next year but was wondering whether if we applied earlier my high level of personal debt would scare off lenders (£13,000)? Currently: Loan payments: £331 pcm (dropping to £112 in August next year) Credit card…
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Taylor Wimpey pushing "preferred" broker
We are FTBs with DIP/AIP with Nationwide. When I spoke to Taylor Wimpey about putting a reservation deposit on one of their new builds, I was told they would not accept (!) my deposit until I had spoken to their preferred broker. I said I have a relationship elsewhere and don't need this, but was told I would have to…
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Nram Shortfall Sale
Hi all new to forum and my first post.... My ex-wife and I sold our property in Scotland at a £44k shortfall, during the divorce proceedings I agreed to pay her £22,500 as my part off the projected shortfall off sale, this was initially to allow her to transfer house into her sole name but Nram refused the transfer so…
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Are there further credit checks after mortgage offer and before completion?
Hello, My Son was offered a mortgage and is waiting for it to all go through. Apparently contracts are in the post to be signed. There is no chain so completion date is not that far away. My question is.. does the mortgage company do any further credit checks before completion or they simply do one check when they…
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Help...£55K loan/credit card debt...£100K Equity...Remortgage?
Hi all, We need some help. We (wife and I) have bank loans and credit cards totalling £55K. We have around £100K of equity in our property based on 2 recent valuations (this is a achievable figure). Currently we have £113K mortgage outstanding....and a house valued at £215K. I assume the best idea would be a £168K…
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speaking with seller directly - allowed?
Is it allowed to speak with the seller directly? We have put an offer 2 months ago for a house. We have been refused for 2 first times and then we have been approved on the 3rd application. Now when we have the mortgage approved we were told that the seller accepted another offer which was also 3k more than we have…
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Husband buying with father
Hi I wonder if someone can help me. My husband and I are currently renting and we would like to purchase a home. I am working part time, however, and my salary is not high enough for us to obtain the mortgage we need. We wondered if it would be an idea for my husband to purchase the house with my father in law? My…
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halifax quality check
Hi, I have made a full application with halifax through the phone last month, sent three payslips and id, valuation came back fine on 4th June. Application is now with the quality check team since 8th June and have not heard anything back from them. I have called halifax and they told me its with the quality check team.…
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defaults and mortgage application.
My husband and I are thinking of moving house. I have just checked our credit reports using noddle. Dh has defaults on his file from the end of 2009 to the start of 2010. If we wait 8 months these will be off his file. Does that mean lenders can no longer see that he has defaulted in the past and therefore more likely to…
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Selling 1st home &buying second, do I need 10% deposit again?
We currently have a mortgage for which we paid ten percentage deposit on, as first time buyers. We have just sold this property and looking to buy our second, my question is can we just borrow more on out existing mortgage without having to have another big deposit? Or do we have to go through process of finding another…
