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Mortgages & endowments

Archives for August 2015

How many months bank statements for Mortgages
Hi all, i just wondered if all lenders ask for 3 months bank statements or have some just asked for one month? I have had high out going few months with long booked holidays and several big birthdays in my family and now we've chosen to move. My income shows fine but quite a bit of spending. Ive also paid off a couple of…
HSBC Early Redemption Penalties - help!
We are partway through a 2 year fixed rate term with HSBC and have decided to move house. Our house move requires a bigger mortgage. We initially went to HSBC to see if they could increase our current mortgage or port over to the new house. However HSBC's lending criteria won't even get us anywhere near the figure we…
Future First Time Buyer Advice
Hi My boyfriend and I are currently 21/22 and in our final years of university. We've been together 7 years and are quite traditional and family oriented, and we'd love to get a family home to start a family in asap. However, it's increasingly difficult to get onto the property ladder, especially at our ages, and…
Regarding the lack of credit score?
Hi, all There is something I was wondering about when checking on HSBC site to see what is possible to borrow. I know the fact that banks do credit checks. But as I never borrowed any money from the banks in the past, would that count as a disadvantage and lower the amount the banks willing to lend? :( Would having a good…
Mortgage Deposit Query
My girlfriend and I are looking at purchasing a property at Auction this coming October. We are first time buyers and don't have enough money to purchase the property as a cash purchase and will need a mortgage. The conditions of sale stipulate that a 10% deposit must be paid on the day of the Auction and the rest within…
Halifax DIP multiple searches
Evening all I know Halifax dip is just a soft search but if i do multiple halifax dip searches will this affect me in any way or affect me when i apply in full. The reason i ask i have a shared ownership property i am selling and have multiple scenarios such as buy 100% and keep current debt commitments or sell and pay off…
Using Mortgage to pay off car
Hi guys. First post. I have taken the time to read through the topic on this but I just need some clarification. I have just got my first mortgage with my partner (with a 10% deposit). I have my car on PCP with Audi and I'd like to have more money monthly. I'm not 50% through my 4year PCP deal yet and can't hand back. I…
What are my chances?
What are my chances of getting a mortgage? I would like to buy a 1 br flat around London commuting areas for 200k with a 10% deposit. I have no history of late payments anywhere, however I only have a short credit history in the UK (only 2 years). EU passport. I am full time employed, way past my probation time... Is it…
First Direct Mortgages
We're in the process of moving and I'm now looking into sorting the mortgage out. Currently with The Woolwich current deal has ended so can swap with no fees. Looking at a 5 year fixed rate with First Direct. Has anyone had any issues with them or little surprises (hidden fees)? Good or bad points welcome!
Mortgage Advice
Hi I wonder if you could give me some advice for if I qualify for a 95% mortgage before I make an appointment with a broker. I earn £43,000 a year and am looking to buy a property for £140,000. I have a 5% deposit of £7000 so am looking to borrow £133,000. I have no dependents or credit card debt but I do have a bank loan…
First time remortgager
So me and the (now) wife are about to remortgage for the first time. When we first got this place we had a lot of help with the mortgage from advisers, family etc as it was all new to us - now it's time for us to go alone! I've been shopping and seen some good looking deals but want some clarification on something. In the…
firstDirect, discrimination?
Hi All Had an evening trying to apply for re-mortgage with firstDirect (they are one of Martin's favorites so thought would talk to them) with the idea of reducing our mortgage payment by about £200 a month and get onto a fixed rate before next year (we are currently on a tracker after our deal finished with Nationwide)…
Bank statements, debts and salary increase
Hi there, I am a new poster but have been reading the forums here for years. Apologies in advance for all of the questions. I am relocating to be with my partner. When I move I shall be Renting my house out, which will give me an income of double what my mortgage is. Over the last year my partner has had a severe downturn…
Remortgage advice please
Hi all, Took out a mortgage with Nationwide August 2014 on a 2yr fixed at 4.1% on £204750 (property price £227,500 minus 10% deposit) Just wondering if someone could offer advice on the below. (1) Can I remortgage now or do I need to wait for my 2yr term to be up? (2) Remortgage rates, Natwest are offering the below, 4.00%…
Would this affect affordability?
[SIZE=-1]Hope those in the know can answer this for me... I'm hoping to buy a shared ownership property, where I live S/O is hot property and sells within days, often with unaffordable/unwarranted premiums added if it reaches the open market. I've been ready to buy for a few months now but have so far missed out. I know to…
Joint Mortage with Help To Buy Scheme-what next after relationship break down?
Hi Everyone, My partner and I have recently split up after living in our house for just over a year. We had a joint mortgage with nationwide and bought our new build house with the governments help to buy scheme (government owns 25% of house). Now we have split I am really unclear as to what my options are. Would it be…
Staff Mortgage and Benefit in Kind
Hi Can someone please confirm if my basic understanding is along the right lines? I am looking at taking out a mortgage with my employer a well known bank. I will be the only person on the mortgage. I am a basic rate tax payer if I took out a mortgage with my employer and this was £100 a month less than the limit HMRC sets…
Porting mortage
Good evening, I am currently considering part-exing my home for a new build. However I am currently in a fixed deal with my current lender, however I can port the mortgage and will then need to borrow a little more. My 2 questions with this are; If the interest rates are different, which is paid off first, the higher or…
Moving mortgage to hasten payoff- too much like hard work?
We are almost 10yrs into our first mortgage. A 2yr fixed then tracker. We intended to overpay when interest rates fell but didn't get around to it :o So now we are 10yrs in and only paid 25% of it. Thinking of swapping to a fixed, we could pay almost double what we currently do, after promotions in work etc. Do I stick…
Debt consolidation using your mortgage
At the moment my credit card monthly payments are around £420 a month. Total debt is £32000. Spoke to mortgage provider about adding £32000 to my mortgage and then paying off the cards. I know long term this will cost more, but short term this will add £160 a month on to my mortgage (saving me £260 a month). This would be…

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