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Nationwide: Over 6 weeks for Decision in Principle
Hello MSE! We're turning to the forums here as we're really stuck and feel very trapped. We've used MSE lots but never posted to the forums. This is a bit of a read (sorry!) but we don't know what else to do really. So here goes: We are an existing mortgage customer with Nationwide and moving house so require additional…
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Advise on interest only mortgage
I have 75k on mortgage. 26k on interest only since endowment policy paid out with a big shortfall, the rest is on repayment I have a phone interview with my mortgage provider tomorrow as I wish to take a fixed rate deal. On speaking with them last week, it was strongly suggested that they want me to put the interest only…
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Interest only mortgage & Overpay, Endowment or High Interest Savings Account
We have an interest only mortgage on £170k Is it better to Overpay, to have an Endowment Policy or put the money into a High Interest Savings Account? Any advice appreciated.
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First Mortgage Payment- when will it be?
After 6 months of back and forth we have just agreed a completion date of the 27th May (YAY!) but are unsure when our first mortgage payment will be. Our mortgage is with Leeds Building society. Any advice would be greatly appreciated. thanks
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Staff Mortgage BIK query
Hi, I have a query regarding the BIK (Benefit in Kind) payable on a staff mortgage and will try and keep this simple using round numbers not the actual figures I am a 40% tax payer I fully understand the tax due is 40% of the BIK My issue is how Lloyds have worked out the BIK for the P11D and how then HMRC have taxed me:…
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Mortgage Acceptance Stress!
Hi guys, This is completely speculative... but I've always had so much help when posting on here that I thought I would. I'm in a position where we've found a house I love, put in an offer and had it accepted, and they're awaiting our mortgage meeting to start to move forwards. (Note, I say 'our' but I mean 'me'. I'm…
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Two months since accepted offer - we were just told two more months until completion
Hi! I always get great advice on here and I'm in need of some right now. Our circumstance - first time buyers, lots of rejected offers in the London suburbs, then first offer just outside London - accepted on 15th Feb. Pre-offer, the mortgage adviser quoted us 250k, after the accepted offer he advised us to try with 245k…
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Mortgage Help
Morning ladies and gents, Just a quick question, Since me and the wife took out our mortgage, My wife has just finished work to have our baby and not planning on going back to work for a good few years to bring the baby up. In 18months time our mortgage will come to the end of its fixed period, what will happen then?…
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two mortgage offers?
We have received a mortgage offer for our purchase, but we are considering whether to go with another or not. Is it possible to make another application in the meantime with a different lender, but then go back to the first lender and take that mortgage if we decide? The first lender has hugely under-valued the property,…
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Mortgage lender exchange
Hi all, Mortgage aip received, applied , property valued and received firm offer Now i am slightly worried as seen some horror stories of lenders pulling out or withdrawing their offer just before exchnage or even after After exchange it will be a disater as I will need to pay fine and can be sued If lender pulls out after…
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Mortgage & Credit Card Applications
Hi all, We're in the process of moving house, going to a new build and taking out a joint mortgage on it. We're well within the affordability and the solicitor has all the paperwork - we have the loan paperwork through and the deeds are signed. Contracts are expected to be exchanged in the next week or so. I currently have…
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Mortgage gift deposit
Can anyone help! We have just sold Our house and found another property! Our Mortgage has been accepted but in The meantime my parents have sold their house (cash sale) and would like to move into our new house with us (annex). We are wanting to use their cash £110k as a deposit on our new mortgage. Problem is we have not…
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Clydesdale & Optima Legal
I've just had our offer of remortgage from Clydesdale confirmed by our broker. It's taken a total of 6 weeks from application to get here. Our next hoop to jump through is with Clydesdales solicitors, Optima. We are waiting for them to request redemption figure for our second charge. They have already received our mortgage…
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Paying more than the home report.
Hello, new to this site so sorry if this is posted in the wrong place. I'm currently in negotiations with a seller on a property that I really want. The seller is currently wanting £7000 over the home report value. I offered £3000 over the home report and would be happy to pay this on top of my mortgage, but I don't have…
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Mortgage applocation
My husband and I are first time buyers and have just sale agreed on a property. However We do not have a mortgage agreed in principle, we are using an independent mortgage advisor who advised that she did not like to apply for mortgage in principle as it leaves a mark on credit score, and we hadn't secured sale…
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Finding a broker...
Further to my previous thread have decided before we make any decisions as to what we do when our lease runs out, we should at least try to find out if a mortgage is a no or just something we can work towards. Both have HTB isas and would be looking for a 95% mortgage, possibly through the mortgage guarantee scheme. Debt…
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Selling home will pay off mortgage
Hi, Struggling to get a definite answer on this one and thought I would try here before being kept on hold with our mortgage provider. We are looking to sell our house and move to rented accomodation. We still have about 20 months on our mortgage. What will happen to the mortgage? Will we be charged for paying the mortgage…
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Connells Free Legal Fees Campaign
Hi I'm selling out flat and was just curious after forgetting about the Connells Free Legal Fees Campaign. I ticked the box as I was told this was a good way to vet the buyer that they had the available funds for the mortgage so it wouldn't fall through. Its up for 240k and he said if the buyer comes to us with an offer…
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Can you have irregular deposit amounts?
To make the numbers easy let's say the bank says they are willing to lend me £100k on a mortgage with a 10% deposit. This means I can buy a house worth £111k with a deposit of £11.1k. But what if I wanted to buy a house for £115k? A 10% deposit would be £11.5k, but combined with the bank's £100k that makes £112k. But what…
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Good mortgage broker
Hello Following a previous post about a mortgage broker who Basically told me that I had no chance to get a mortgage With a 6 years old default( expiring in August) As he was on the housing association panel,I felt obliged to use him. The housing association is fine to go ahead as long I can have a broker ASAP. I need to…
