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Mortgage Help
Hi, I am just about to finnish a 3 year fixed deal at 5.99% and go back to the banks SVR at 5.69% (I believe therefore a saving.. if someone could confirm?) I was thinking about remortgaing for another 2 years (assuming my circumstances dont change) however, I only have a mortgage of £31870. Current monthly payment £188.00…
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Valuation or Survey???
Hi there, We're in the process of buying a house ( :j :j :j ) and I'm a little confused! Our mortgage lender has organised a valuation and all is progressing nicely but I'm a little confused about the need for a survey. Neither our mortgage broker nor our solicitor have mentioned getting a survey. Is this something we…
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Valuation, lender wants damp & Timber report
Hi Just had valuation back lender has said we need to get a Timber & Damp report. We've got one booked for tomorrow. Would they get us to do this if they weren't going to give us the mortgage? Hoping the report doesnt bring up anything major, really worried.
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House Value after 2 years
Hi all. A few months ago I took out a mortgage for a house and I remember at the time, speaking to advisers about this all important LTV value. The lower the value the better the mortgage rate we could get. We scraped our savings together and managed a 85% LTV and obtained a 2 year fixed mortgage. Speaking to the adviser…
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Tracker now, move and fix later
Hi, we've failed in our attempt to move house this year (purchase fell through, our buyers have given up waiting) and instead we want to remortage now, then try to move again next year. I plan to take out a cheap tracker for the next 6 months, then take out a fixed term when we move. Is anyone aware of any issues with…
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Buy To Let Mortgage with No Proof of Income
For various reasons I have no proof of income for the past 2 years and I am not currently employed. The property I want to buy to let is on for £179,000 and my deposit is £60,000. It currently lets out for £775 pcm. What are my best options? I have parents who would be willing to be guarantors, also I own another property…
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Buying from landlord
I am in discussions with my landlord to buy the flat I have lived in for a couple of years now. My question relates to my deposit. I will be buying at below market value, the property is valued at 60k, I will purchase for 50k. Does this mean that I would not need a deposit? Instead using the 10k equity as a deposit? I have…
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Is it cheaper to keep my mortgage
Hi, I have an offset mortgage, which means I collect a 'reserve' which I can take at any time and it just adds to my mortgage. This year I finish paying off my mortgage, but I am wondering if it would benefit me to take my 'reserve' and keep the mortgage going. I am hoping to move in the future and would need another…
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3 owners, one needs to borrow more and also got married
Yes, our situation is a bit complicated. Myself and an unmarried couple bought a house together in 2011, which we own three ways as tenants in common with a deed of trust. I need to borrow more to consolidate some debt, which is all fine except that Nationwide have since changed their policy and no longer accept multiple…
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Second home plan advice
Hi all, We have a 5 year plan to either pay off as much of our current mortgage (with no penalties) as possible over 5 years before we look to purchase/move to a new property. Would it be best to pay a portion toward paying off our current mortgage and a portion to put aside for a deposit or just put all our eggs in one…
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Woolwich wrong address for valuation
My esate agnt called to say woolwich have called them to book in a valuation but have the wrong address and have to cancel the apointment. Called my broker and they gave them the wrong postcode. How long does this take to get changed and a new valuation re-booked (my brokers crap and dosn't know)
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Mortgage first payment
I am in the process of moving house, we were about to exchange last week but that has been delayed due to problems. I have been sent information about my first payment as my solicitor had got to the stage of requesting the funds from the bank (Woolwich) on 20th August. He sent the money back a day or 2 later when we…
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Considering a Mortgage
Long story short, my partner is looking to change jobs, but this will involve us having to move from work-provided accomodation. We are considering trying to buy somewhere before the job hunting starts. We have a good deposit saved up. A close family member has also offered to help. They are employed and mortgage free so…
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New build undervalued!
Hi guys wondering if anyone could advise. I reserved a plot on a new build flat due to complete in october. All was going ok until the valuation guys undervalued the property by 20k! I was buyin at 210k and they have valued it at 190k and now this is all lenders can advance. I have asked the sales negogaitor at the…
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Mortgage prisoner- Help!
Help! We came to the end of our fixed deal a few years ago. I want to remortgage for a cheaper deal and work we have had done to the house also means we are looking for a lower LTV rate too. However, our circs have changed since the first deal. We now have 2 disabled children to look after. I don't work and my partners'…
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Which mortgage provider and joint accounts beneficial?
Hello, I'm 26 years old and have banked with Halifax for approximately 7/8 years. It's the account I have my wages paid into each month. My partner banks with Barclays and has her wages paid into there, she's been with them for about two years now, prior to that she was with HSBC for a few years. In the next three to five…
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Leeds Building Society - Offer extension
Hi guys, Quick question for any helpful brokers or those in the know: Do you know how long LBS will extend a mortgage offer and what the process is? I've been trying to get through to them for two days and the call wait has been 15 minutes plus. Thanks.
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Calculating Interest if overpaid
I'm currently in the process of buying a house. I am borrowing £82,000 over a 40 year period. I have to pay back nearly £162,000 including interest if it goes the whole 40 year period. (£1.96 per £ it works out to) I just wanted clarification that for every £1 I OVERPAY, that will knock £1.96 off of interest as well? Or…
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EA have said it's going a bit slow? Is it?
I'm sure this has been asked about a thousand times!! lol!! We received an AIP from HSBC around June time and due to the prices in London we decided to wait a bit longer. We then decided to move further North to get more bite for our buck so to speak. Thus far our timeframe is as follows Viewed property 15th Made offer on…
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Short Term loan/mortgage for a redevelopment project
Hi guys, just wanted to get some advice on getting a sort term loan or even a mortgage for a redevelopment project. I am looking for about £80,000 and to repay back within 12 months. The loan will help me kick start my property development business of buying run down houses doing them up and selling them for a profit. I…
