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Mortgages & endowments

Archives for October 2015

Mortgage offer withdrawn?
Hi guys, Quick question... I was wondering how often mortgage offers get withdrawn between offer and completion? Basically I have a credit card and have spent a fair amount on it since applying... no new credit applications and no late payments etc. My credit score was previously amazing but I was wondering how much this…
20% LTV what is best?
I 'm looking to buy for 280,000 with a down payment of about 220,000 So borrowing about 60,000 for a term of 5 years about £1000 a month I was looking at the mortgage best buys beta on MSE and was disappointed not to find a tick-box to return results of mortgages with no arrangement fee/booking fee There is a tick-box to…
90% ltv on new build
Hi forumites! We're looking at mortgages for a new build. Our current mortgage provider, Yorkshire Bank, has fixed rate offers at 2.39% on 2 years and 3.39% on 5 years fixed rates. £499 fee. I don't think that's too bad but wondered if you geniuses knew of better? I know that not all lenders do 90% on new builds so any…
Mortgage on Maternity Leave
Hi all, I wanted to know is there any lenders out there that lend to people on Maternity Leave? Also take full income into account?
BTL mortgage amount
I've been reading about BTL mortgages and how the amount that might be lent is dependant on the property's rental value - but how does that literally work? Does the mortgage company set the minimum amount? Am slightly confused, sorry.
Help to buy equity loan Mortgage
Hi - our broker was originally going to use Nationwide, but they have delays at the moment so we applied to Halifax. Halifax are now saying that they might be over exposed on this particular development so they might not lend. We will know for sure next week, So, after Nationwide and Halifax, who would normally be next…
Strange question about mortgage.
Hello, I am applying for a voluntary role in the police, and i am at the 'pre employment checks' stage. This includes a credit check for the likes of bankruptcy, CCJ, etc. The question i have is, When the police do these checks what kind of credit check will they do? and will it affect my mortgage? I'm asking this as i'm…
Credit Check prior to completion
Hi All Just waiting on completion next friday. Does anyone know if Mortgage lenders do yet another credit check prior to releasing funds? I am with Leeds BS. so would be great to hear from anyone whos with them. Otherwise some general advice. Many thanks
Is it wise to get 2 mortgage brokers to compete for my business?
Hi all, I am coming up to the end of a 2 year fix on a £750k mortgage and want to change providers in order to get another low rate fix for 3-4 years (rather than move to their standard rate). Question: in order to guarantee the best possible rate, should I engage 2 different mortgage broking companies to search the market…
Capital gains taxed considered??
Hi :) When applying for a mortgage will any companies consider capital gains tax as part of the income?? I complete self assessments and wondered if this would increase my borrowing? Or if it's purely the net income tax they use? Does anybody have any experience of this? Thanks
grant of probate and mortgage advice.
Hi, Just after some advice few months back someone I know passed away. Sadly the left behind their wife and children. Unfortunately they did not have mortgage insurance/life cover therefore their spouse was given grant of probate. However the issue here is the mortgage still has quite a few years remaining, the house being…
Leeds building society
I have Googled Leeds Building society and read their reviews; which have been of a negative nature. Is anyone currently going through a mortgage application with them? Or completed with them? Arw the reviewa justified? I have seen their time scales on their website, so am totally confused 😕
Nationwide valuation instruction means what really?
Hi I am sure this has probably been answered already but l can't seem to find any information, we have applied through a broker and l received a text from nationwide on Monday the 26th that the application has been received- at the same time the broker emails asking for 1 month's bank statement for me and my husband and 3…
How Much Can We Afford?
Can anyone help as I'm receiving conflicting information .... Myself and the husband are about to buy a house. We are in rented accommodation (currently pay £700 pcm) and have approximately £20k saved towards a deposit. We earn £50K per annum combined. We own a flat that is rented out and generates an income of circa £6k…
Help with first time mortgage
Hi, Me and my other half are looking at getting a mortgage, this would be a first time mortgage . We are talk the option about renting and mortgage though but renting in our area can be quite expensive and the same as mortgage price. Plus a lot of our friends have had really bad experiences regarding renting. We have…
To buy or not to buy, that is the question!
Morning all, I have a bit of a dilemma which i would really appreciate some advice about. I currently live in a 2 bedroom apartment with my wife and new born son, the mortgage is in my wifes name and we have around £53,000 left to pay, it was originally purchased for £130,000 and similar properties in the area are now…
Mortgage advice please
Hi, Back in June 2011 I decided to purchase a two-bedroom flat for £134,000 on my own. I used all my savings of £40,000 and took out a £94,000 repayment mortgage over 35 years. As of October 2015 my flat is now worth £168,000 (according to Zoopla) and my mortgage is down to £88,000 plus I have around £51,000 in savings.…
Student mortgage?
Anyone know any lenders that do a student mortgage? Looking at a house costing about £80,000 with a £15,000 deposit. I'd be using my student loan and bursary to pay the mortgage and also rent a room to my friend. I also have someone that would be a guarantor.
A few questions (applying for mortgage)
I am going to see if I can get the mortgage I need in about 6 months time..... I have a few questions to do with earnings and how a lender views them: Firstly - I am self-employed and employed. My employed work is what I guess you would call 'Temporary' work. I am not contracted, but I work 5 hour days, 5 days a week, and…
Business loan for home deposit - request for advice
Hi all, I would be grateful for any advice regarding the legality of using a loan taken out through a family business to contribute to a deposit for a residential house purchase. A family member has suggested taking a loan (in the region of £30k) out on their business, gifting it straight to me (without me having to repay…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Mortgages & endowments

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