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Mortgages & endowments

Archives for February 2016

Any instances where a mortgage company has waived an ERC if you agree to start a new
Deal?.........I'm looking to borrow some more money from my mortgage company. Im almost 4 years into a 5 year fix. My plan was to borrow the new money on a variable rate and bring the two loans together when the 5 years are up and look for a deal for the whole amount. I wondered if it was worth asking that if they waive…
Overpayment vs Savings?
In the lucky enough position to be able to do some significant overpaying of my mortgage, which is great My new mortgage rate though, is 1.8% and my savings rate (athough capped) is 3% .... even with the new tax free savings scheme going live this year, is continuing to service the mortgage debt the best idea? In my head…
Light gambling and mortgages
Hi guys Just going through a mortgage application process. Household income £7000 net a month, 3 months statements show average of £70pm to paddy power. Is this going to pose a problem? I have a really bad feeling about it
Halifax insurance non payments
Evening all... New to this so please forgive me. Iv searched but apart from a thread along time ago I'm struggling to find information. Very briefly I'll explain my issue. Iv been with the Halifax for 21 years. I signed up for a repayment mortgage along with home and building insurance. Iv not changed my insurance for 21…
Help to Buy equity loan
Hi, Does anyone know whats included in the ATP from the help to buy agent, I'm looking at proceeding with this, but just wondering what is in the ATP pack, is it just a letter saying you've got the go ahead? Many Thanks
Valuation Timeline?
Does anybody know what the maximum time it takes the valuation to be submitted back to the mortgage company am i right in thinking 5 working days max?
Remortgaging and SSP
Hi all, just a quickie... Seeing a financial advisor soon and wanting to remortgage. About 69%LTV wanting to release a little equity to clear credit cards and change from interest only to repayment mortgage. Husband is on SSP Long Term waiting for a heart op. Promise of job still open on RTW Im self employed and PAYE We…
Help from parents with deposit
Hi everyone Looking for some advise. My Dad has offered to pay the deposit (10%) on a house purchase I am making with my fianc!e. Initially we discussed a Declaration of Trust that acknowledged his contribution, but seems more complex. He does not want to just give me the money - so not a Gifted Deposit. Effectively it…
Morgage / deed documents
Hi Would anyone know how to get original property Deeds with Title Register and Title Plan. and conveyance report? I believe I can order from land registry office only, from what ive been told. for a charge £50 +. I have contacted my mortgage company plus the solicitors ,they both have said they don't have the documents.…
Very Bad Credit - Mortgage Agreed?!
Can Halifax accept a mortgage on bad credit? I've had an AIP and now a mortgage promise?!
Mortgage company same as credit card
Afternoon all, I've had an offer accepted on a property :beer: so I'm about to take the plunge and apply for a mortgage. My AIP is with Halifax but I'm not necessarily forced to take my mortgage with them. I also have a credit card with Halifax for just over 2 years. I started with a credit limit of £3500 but Halifax…
Selling house for cheaper then actually worth?
Hi, I bought a house in my name, but my parents gave me the deposit of £200k and I got a mortgage for £350. So the purchase price was £550k. Now my boyfriend wants to buy my parents out at £350k. But will that money just go directly against my mortgage, leaving no cash to my parents? Thanks
How long should getting a DIP take?
I've handed over all our details and documents etc to a mortgage broker recommended to me over a week ago. They have said that due to a number of late payments around two years ago (wife in full time education so things were tight in the third year, everything got paid, but a number of '1s' on things) plus a couple of…
Contract work and first time mortgage
Hello Forum I am looking to buy my first property in the next 12 months. My approximate circumstances will be: deposit: £15000 value: £100000-110000, so loan value of £85000-95000 I have a credit card which will be paid off. I will have had it for 15-18months by the time I look to get my mortgage. I am a single person,…
Default & mortage
Hello, I defaulted an account back in 2009 which was promptly moved on to a debt collection agency. Now I have been paying them for the last 7years with no issues. My question is this, the default for this account dropped off November 2015. Why has the account completely disappeared on my credit file? Now I have no…
Self Build Mortgage - NI
I have recently been granted planning permission for a new build house on a site I inherited a few years ago. The house will be 2 storey with detached garage. The QS estimates a build cost (including fitted kitchen, bathroom etc) of £190,000. Financial details of my wife and I below: My salary - £34,000 Wife's salary -…
Help on equity release - is this a good price?
Hi I'm trying to sort out the best option for my parents for equity release. They are unable to remortgage due to unaffordable costs. They are 67 years young. What they wish for is around £15,000 taken out of their property worth around £85,000. They have no mortgage on this property. They have little to no debt. We have…
How Does HTB Equity Loan Work
I've just been reading the HTB equity loan websites and I can see you can get a 20% loan but can you only put down 5% deposit? Could I put down 15% deposit and get the 20% loan so only needed a mortgage of 65%?
Removing name from mortgage/bank account
Looking for some advice please on removing name from mortgage/bank account. My ex and I bought a house together in 11/2007 we separated in late 2010 and I left the home with our daughter, he stayed in the property and I took over the car payments in place of half mortgage until I moved into a property myself the following…
mortgage with bad credit history
Evening all I'd appreciate some advice on my chances of getting a mortgage with my history Without going into too much detail as to why/how, I have the following 'history': CCJ that expires August 2017 Partial settlement (and account closed) on 2 c/card debts Currently paying off £8.5k c/card default exp Mar 2021 I'm…

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Mortgages & endowments

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