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Tricked? into Fixed Rate 2 year deal
Quick one: I re-mortgaged 4 months ago to capitalise on a 2 year fixed rate deal. At the time I also wanted to borrow extra for home improvements. Not needing the extension finance yet as, I had to align the builders, I was advised to take a home owner loan on top of my mortgage, in 3 months time. Preliminary acceptance…
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Mortgage redemption in the middle of the month
Hi, I'm attempting to move home to a large property. Everything is ready, and now we come onto decision about the completion date. My current Leeds BS fixed repayment mortgage's term ends 30th September. I therefore want to complete after that date to avoid ERCs. What I don't understand is what happens if I select a date…
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Precise- above commercial premises
Does anyone know if Precise will consider properties above commercial premises? I've had conflicting info from my broker, from Precise's website, and from the application form. Just wondered if any other brokers knew?
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Secured loan or credit card? Which one should I do?
Husband and I need to borrow about £20k to do some building works on our home. We will be able to pay it off completely within a couple of years but need to borrow it upfront to do the works (as it will be the upcoming sale(=equity) of the house that clears the debt). Should we take out a secured loan (we already have a…
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Can I pay associated moving fees with equity? (Stamp duty, solicitors fees etc?)
Hi there, So just to make things a bit easier. Say I bought a housr 2 years ago and got a mortgage of 210 on it. My mortgage is now 190k and the house is worth 300k. I want to move in a similar priced property (for arguments sake let's say 300k) but I want a higher LTV. So I want to now move and have a mortgage of say 230k…
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Mortgage and divorce
Hi all I hope someone can help me here. Myself and my husband have been married 15 years and have 2 children from the marriage (age 12 and 13) and I have 2 from a previous relationship (19 and 20). We initially separated 4 years ago but earlier this year in May we decided to try and save our marriage. However he then went…
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What would be better
I am looking for a £100k mortgage I earn about 2k a month. My only debt is a car loan for £150 owe about £6k Woukd it be better to apply for a 5 percent mortgage and be debt free or a 90 LTV and keep this car loan? I know there are other factors such as I have a daughter etc but any advice would be appreciated.
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Fuming with countrywide mortgage adviser
We made an offer on a house via an estate agent who told me that in order to accept our offer, we'd have to be "offer checked" by their in house mortgage adviser. I had already got 2 AIP's from two separate providers and felt confident that would be ok, but apparently not. Anyway, the next bit is my fault as rather than…
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Eserv down valuation
Just had a valuation back from Woolwich. We offered asking price of £300k valuation came back £284k. Wondering what to do next. I don't think the owners will budge on price... What implications will this have? Is it rare? I'm in the South East btw
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Kensington use equifax only?
Hi, Our broker submitted on application on 25 August 2015, today I saw an "Opt In" search from kensington in my equifax but nothing in Experian. Do they only use equifax? And what does "Opt In" means? Thanks
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Change equity release
Need some advice, can't seem to get anyone to commit to this, my mum and father in law took an equity release a few years ago. Unfortunately he has died, over the years this equity interest has gone up and is now quite high, was wondering if this can be moved to a different company with lower interest? Also another idea is…
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Mortgage broker query
A relative has gone to a mortgage broker and following the advice on this forum went to one who claims to scan the whole market. After a lengthy "fact find" and a few days delay she has received details about just one mortgage from one company. She expected, as did I, that she would receive details of perhaps 4 or 5…
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Halifax mortgage sole trader income
Applying for a decision in principle with Halifax and after reading through the posts on here for hours i am a bit confused..... I am a sole trader Halifax ask on the online form for my last 3 yearly total income figures for each year.. Is this my net profit my profit before exsenses or my total income on an SA302 I have…
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Buy to Let options
We currently own two properties with no mortgages, one of which we are letting, and we would like to buy another property to let. We understand that the best route (?) is a Buy to Let mortgage but because neither of us are working at the moment (living on one disability benefit & the rent) I doubt we'd qualify because of…
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Mortgage application some adverse credit
Hi all, I am wanting to apply for my first mortgage. Age 30, salary £31 plus bonus, deposit of £12k. However I have a few bad marks on credit history, I have read that these types ofarlancan lead to rejection so rather than kept applying I wanted to know if anyone had a similar experience or is an expert of these types of…
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Mortgage Application with Virgin Money
My current mortgage offer expired in July, at which point I was put onto my providers SVR. A few weeks prior to this I had started an application through a broker with Virgin Money offering 1.39% which was a good rate as it would knock 6 years off my mortgage theoretically. (of course this isn't necessarily realized if my…
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Halifax Mortgage
Just wondered if anyone can advise on the following question... Our buyers have their mortgage application with Halifax, they are good for the money (good deposit/credit scores etc) and FTB's, the survey was carried out last Friday - how long after this does it usually take for a mortgage offer to come through from…
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Mortgage prisoner query
Hi, My partner and I have a joint mortgage with a debt of around 185k remaining on it. We spoke to our lender about borrowing more as we want to buy a house. They ran our figures thorough their system and said they would only be prepared to lend us 155k because of the new affordability terms that lenders have. It now looks…
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Lapsed Winterthur Life Endowment...advice
Good morning and thank you for earlier advice regarding a Winterthur Life policy. I contacted the company who now owns my endowment from Winterthur life and helpfully told me I did indeed have a policy with them BUT it was shown as lapsed and now had no value at all!! I took out the policy in November 2000 for £179 a…
