-
Nationwide for FTB
Hi all, was just wondering if anyone can share any experience/opinions on how Nationwide have been as a lender for them? We are looking to apply to them based on that they seem rather generous on affordability (we wouldn't look for the maximum they were offering on the calculator :eek:) and that they seem to take bonuses…
-
reserve and mortgage issue
ok, i'll try and make this brief... about 10 years ago, my mum got cancer, my dad was partially retired, so i chipped in, paying their mortgage and bills and ended up moving in to help look after her. a year or two into that, my mum was taken off the deeds to the flat and i was added. They wanted to stay there, so me and…
-
Can I transfer a mortgage into partners name?
I have a residential mortgage in my name with YBS and I am looking to purchase a business and don't have enough money for the deposit to buy the business but I can get a commercial mortgage however I am short on the deposit and thought if I can relinquish my residential property and put it in my wife's name I can get the…
-
Halifax mortgage
Hi everyone, I know there are a lot of posts about this but everyones circumstances are different and I thought I'd post mine to see if anyone is in a very similar situation... I have 2 defaults on my credit file - both registered in 2014 one for £307 (credit card) and the other for £37 (Virgin Media). The £37 was settled…
-
Getting a mortgage with a criminal conviction
Hi guys, looking for some advice Does anyone have any experience of applying for a mortgage when you have an unspent criminal conviction? I was convicted of a relatively minor offence and received a fine. However I've been looking at mortgage lending criteria on lenders' websites and a number of them state that they won't…
-
Motgage Assurance Policy
Hi all, new to this and apols if this has already been discusses but advice needed! Having missed out (by buying mortgage two months early) on claiming for mis-selling of endowment mortgage I needed to ask whether we were mis-sold mortgage assurance policy and buildings insurance. Original mortgage taken out in May/June…
-
Disadvantages of 10 year fixed
Our current fixed deal is due to end soon so we're looking at what other offers are about. We're currently looking at a 10 year fixed and was wondering if anyone can think of reasons to put us off. Obviously this is more expensive (at least currently) than shorter term products, especially trackers. However, we're…
-
A couple of questions about fees...
I have a couple of questions about fees. 1) We're getting the mortgage arrangement fee added to our loan so that we pay it off over the mortgage term. I wanted to check that this doesn't have any negative implications, especially as we are using HTB equity loan too? 2) The reservation fee we paid towards the house (new…
-
mortgages for foreign nationals
Hi everyone, I would like to take your opinion before our first time mortgage application. We would like to buy our first house in Edinburgh. My husband is Dutch National and I'm Turkish. I have residency (EEA1) in UK because my husband is a EU citizen. We have been living in the UK since 08.2011. We are planing to to sell…
-
Retracted mortgage offer
Hi all, I recently applied for a let-to-buy mortgage and was initially approved by Halifax pending them checking out the property that I wanted to buy. I was initially advised that due to the new EU regulations coming in at the end of March that I needed to get my application approved before these kicked in as it was…
-
Buying a house under value
Hi, My girlfriend and I are currently privately renting a house owned by her parents. The long term plan is to buy the house from them and we are currently saving to do so. Her parents have said that they could possibly sell to us under the market value. If her parents agreed to sell to us at 95% of the market value and we…
-
Mortgage
Hi First time post so please be gentle. We are lucky enought to have no mortgage on our property.worth about 180k . We are looking to raise 50k for an extention. any ideas on the best deals available and what type of mortgage it would be..cant seem to find any deals for not having a mortgage i.e owning the property..…
-
car finance and new mortgage
Hello there! So, we are looking to move house and get a new mortgage. We are currently with halifax and have had our mortgage for over 5 years. We have grwon from 2 people to a family of 4, so it's time to size up a little. My partner is the main earner and I'm on a zero hours contract which works around my children. I've…
-
Borrow more than worth?
Hi All, Just a quick question, if we can borrow up to £250k for a mortgage but the property we're looking at is only £235k can we borrow the extra £15k to build an extension? Just wondering! Thanks, Jenn
-
How long until searches appear on credit file(s)?
Hey! Currently waiting on mortgage decision from Santander. Just wondered how long it takes for credit searches to appear on Experian and Equifax reports? Every time I log in does it pull fresh information or once a day? I know Santander started processing it Thursday last week but still no search has appeared, neither…
-
Interest only mortgage - overpayments or switch to repayment?
Hello, we have an Interest Only Mortgage with now defunct Mortgage Express, and are now in a position to repay more every month. They offer the option of overpaying any amount every month (or not overpaying at all some months) or switching to a repayment mortgage. Is there a benefit to going over to repayment (which is…
-
HTB Query
Hi all, I know this has been asked many times but I am not sure of the way the cash incentives part of the HTB - EL works. I am currently looking at a house that is listed at 285k. I have 145k deposit and I am looking for a reduction in list price + stamp duty and flooring throughout. Would this be do-able or would it be…
-
Damp proofing
Hi, As part of the agreement to our mortgage, we have been advised to have a contractor to the property to do a report on damp and have all works recommended done. The report had come back and it states it's going to cost around £2000 (this includes a 30 year guarantee afterwards). My partner is sure that if we have to pay…
-
Missives submitted - So confused?
Hello First off it is worth mentioning we are currently going through the process of buying a house in Scotland as I understand it is very different that it is in other parts of the country. Our solicitor has submitted the missives which have now been concluded which is great and I understand we are now legally bound to…
-
Remortgage Early
Hi all, after some advice/opinions - I am just 2 years into a 5 year fixed with the Bank of Ireland (via the Post Office) at 3.75% My mortgage was just over £180,000 and at the time this was the best deal we could find with repayments at £850/m. Two years ago we were advised that the rates would be going up so 5 years…
