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Interest Refund
I received a letter from Catalyst Housing about my mortgage with them. The letter states, "a administrative error in the documentation I have been provided with relating to my Home Buy loan. The effect of the error was that the annual statements (and other notices where relevant) did not contain all of the information and…
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Is it worth remortgaging and paying ERC
My husband and I have a mortgage of £134,000 on a fixed rate of 3.39 with nationwide building society. We are tied in with an early repayment charge until October 2017. With interest rates as they are at the moment is it worth remortgaging and paying the £6k ERC (we would be looking to reduce our term). We currently have a…
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Taking over a parent's mortgage?
I'd like to understand the practicalities of taking over a parent's mortgage. The mortgage has 5 years left, with monthly payments of around £750 (totalling £50k outstanding). My OH and I can't afford to take over the payments of £750 a month, however, I wonder about borrowing the outstanding £50k as a new mortgage over a…
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Pay Rise - don't have 3 months
Quick question - I am about to increase my hours at work and this will increase my salary. However obviously a lender would want to have pay slips showing my salary. Would my existing payslips but with a letter from my employer confirming the change to my contract and new salary be enough to make a successful application?…
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Mortgage amount different on online banking
Hi guys. Just a question as we have a mortgage and have just made a first payment and an overpayment. The next one is due to come out tomorrow and on our paperwork it says we should be paying 1126. On our online banking it says minimum payment 1385. Coincidentally this was the amount of the first payment so I'm assuming…
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Is it possible to get a mortgage?
Our situation: I am long term disabled. My wife is on a settlement visa, working a min wage job and we have a baby, currently we are living in a bed room in my parents house but it is unbearable to live there any more as they are always fighting and shouting, I don't want to bring my son up in such an atmosphere. We want…
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Can I exchange before Christmas? And other FTB questions...
Hi everyone I'm applying for a TSB mortgage through a broker. I've been approved in principle and the survey & home buyer report has been booked in for next Monday (7th December). I've now got a week or so to dwell on all this, and have the following questions: - How often do valuations differ from the amount buyers ask to…
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£20000 premium bonds
we have £20000 worth of bonds and only win £25 every couple of mths you advice on keeping or pay off some of our £46000 mortgage many tks
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Remortgage - Interest only
Hi, I am in the process of re-mortgaging however I would like to move to interest only basis. Is there any lender I can directly apply ? thanks
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Please help - Halifax won't accept allowances - worth an appeal?
I really hope someone can advise me... My first dilemma - Halifax refused to lend required amount (new build mortgage on Help to Buy equity loan scheme so 75% LTV) as they won't accept my OH's allowances and this has affected our "affordability" and reduced loan amount to £50,000 less than we need. Broker states its…
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Countrywide & HSBC - any recent dealings?
Has anyone had any recent dealings with Countrywide (appointed by HSBC for conveyancing)? I tried to search but most of the stuff is old. our solicitor told us they take a while, Countrywide received paperwork end of last week and now we are waiting..... meant to be exchanging and completing today before Countrywide got…
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Nationwide - Flat above commercial premises
Have read that some lenders won't give a mortgage on flats with commercial premises in the same block. Are Nationwide one of these lenders?
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Rent to buy.
Hi all I am new, please go easy. I will be a Service leaver come late 16 early 17. As I have only completed 10 years in the Army there is no lump sum etc. I am getting out for personal reasons, anyway that's by the bye. I have a wife and 2 children and we would like to relocate back some 200 mile. Anyway, its causing me…
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5% deposit, named on other mortgage
My partner and I are currently looking for a mortgage and have a 5% deposit for the property we're looking at. I'm also named on the mortgage at my mother's house, its a small council home buyer mortgage of about £15k. We easily meet the requirements for the mortgage and could pay the other one if the worst happens.…
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New stamp duty rules- Resedential mortgage?
With the new stamp duty rules regarding buy to let/ second homes, does anyone have any information in regards to how you will be affected if you own more than one home but want to buy a resedential property. For example i own a BTL, but i want to buy a resedential house (on a res mortgage) for me to live in. Will i have to…
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How bad is this chain?
Hi, I have just got an offer accepted on a property, but there is a chain. Vendor currently has two properties (including the one that he is selling to me), he will find another property after both of the properties are sold (he is going to use the equity of two properties to buy a big house by cash. I have AIP from…
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Which broker/lender to use ? Used to have a DMP
Basically I'm looking for a good Broker or direct lender that will take into account previous bad debt. I was on a DmP but I paid all my debts off in July in full so now have no debt. I need to get a mortgage where is best to go as I spoke to some prime brokers and they said they couldn't place me which is silly as I have…
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When to overpay on mortgage
First post I was a FTB earlier this year and our mortgage is fixed for 2 years. We are currently saving and plan to overpay with the aim of decreasing LTV from 90% to 70/65% when we remortgage in 18 months time. Is it best to: 1. Over pay before yr1 is up to limit of overpayment allowance and again yr after. 2. Overpay to…
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Best course of action?
Fellow Moneysavers in the know, give me some advice please. My First Direct fixed mortgage comes to an end on 17.12.15. I've not really had chance to sit down and plan for this (family illness, securing a promotion at work etc etc). My fixed rate of 2.79% will rise to SVR of 3.69%. The mortgage is just over £102,000. I do…
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FTB - will we actually be lent any money?
Hi everyone My wife and I will be looking to buy our first home by around spring 2017. Here's how I see our financial situation at that point: A deposit of around 40k Expected value of property around 100k My salary around 27k Wife around 3-4k (part time while studying) Both have good credit history Crucially, our…
