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Remortgage for additional borrowing help to buy
Hi, I hope someone can help or give me any advice. Our current mortgage deal with Halifax is coming to an end. We were looking to borrow an additional £22,000 to pay off some personal debts and add these on to the mortgage. We had an appointment with the Halifax mortgage advisor last week and she advised that as our…
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Mortgage interest calculations and overpayments
Hi all, I'm considering overpaying on my mortgage and wondered how others decide to do this. As far as i'm aware interest on the mortgage balance is charged daily. So if the annual interest rate is 1.97% and i want to know how much interest is added each day do i simply divide 1.97/365 = 0.0053% per day? If this is the…
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FTB anxiously awaiting mortgage offer
Hi everyone, Myself and my partner are first time buyers. We are currently waiting for a mortgage offer from Aldermore. We submitted our application on 1st April and since then they keep asking for more info. Each time we give them the documents they have requested we then expect a decision shortly after and each time our…
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Reservation fee
Hello all Due to our incapacity so far to get a mortgage(1700 pounds old default due to ex partner ):mad: Does anyone know if we can have the reservation fee back from the housing association? Actually the banks are fine to lending us the money But with a 80/85% LVT . So far the max we can give is 10% deposit!!
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Documents sent between mortgage offer and exchange?
Hi Our solicitor has gone on holiday for a week otherwise I would have asked her, but basically we received our mortgage offer letter from Natwest last week with no special conditions per say, but it did say under another clause in the valuation survey that a mining survey would need to come back clear for them to offer a…
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Classed as a gift payment?
Hi All Going through a mortgage app - question about where deposit has come from. My mum gave me £5000 about a year and a half ago. Do i need to class this as a gift payment? Or can I just leave it as savings as it was a fair while ago?? Thanks
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Adverse Credit Question
Hi everyone, Quick question regarding adverse credit... I have 2 defaults on my credit file from 2010 which I have disputed through Experian (the dates were incorrect) and have been applying for mortgages over the last month. We were declined from a couple of high street lenders due to credit score but received a DIP from…
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Urgent mortgage help required please!
Hi there, Please be kind! I think we've made a terrible naive error. We out my husbands flat on the market last week (we reside in this flat). We've had a full asking price offer and we've also made an offer on another house. We are buying bigger as we now have a daughter. It's all going to be in hubby's name as my credit…
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Mortgage overpayment
Help please! We have three mortgage accounts - one on 2.5% variable (£67k), one 2.24% fixed (£17k), one 3.19% fixed (£85k). All with 16 years remaining. We overpay by £500 every month on the 2.5% one... but is that the best one from an interest saving point of view?? Any advice gratefully received! thankyou
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Halifax mortgage exisiting customer switch checks
Hi there, We are switching to a new Halifax mortgage deal next month, as ours is due up for renewal. We are currently with Halifax. I am a panicker! Nothing much has changed - We are earning slightly more, and I have an extra couple of hundred on a credit card, but apart from that, things are the same. We have never…
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Re-mortgage Completion Statement
Hello all, I have recently re-mortgaged my property with Platform from Santander. Completion Statement looks like below: ================================== Net Mortgage Advance - Including Cashback of £250.00: £197,235.00 Total Fees & Disbursements £39.00 Redemption of Mortgage Accounts Santander UK PLC: £197,251.14…
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Sisters dilemia
Hi Hoping for some advice on a messy situation my sister has with her BF. It would be good to get an idea of people thought before talking in more detail about my sister as she gets stressedd /wound up very easily :) 1 - They have split up and have a 3 year old child 2 - She still lives in the house with my nephew and he…
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Mortgage app fees
Generally speaking in regard to mortgages which have little initial fees but larger fees to 'draw down' If i were to apply for a mortgage and be accepted but not actually take the offer up would I be obliged to pay the draw down fees? It worries me that if my offer on the property is not accepted or gazumped then i may…
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FIRST TIME BUYER / MORTGAGE NOOB WOES - advice gratefully received
Hello! I am looking to buy my first property after renting for many years but am a bit lost regarding mortgage options. Timewise, I would be looking to buy when my current rental contract ends in just under 1 year, though in theory I could do this in six months instead. I would be looking for a (minimum) two bedroom flat.…
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Help to buy ISA questions
My partner and I both have help to buy ISAs with £2000 each at the minute, we will be putting in another 200 each at the start of May hopefully. So with a combined total of 4400, am I right in assuming we will get £1100 from the government? Also how do we 'pay' this towards the deposit? Do we just give account details to…
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home insurance
When I remortgaged with tsb I was told I had to take out their home and contents insurance with as I now realise an overprotected/priced policy....is this legal? And can I claim?....andy
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Spanish Mortgage offer too good?
I have a Spanish Mortgage with Solbank. They have contacted me and offered a discounted fixed rate for the life of the period (15 years). This would discount over £50 a month but tie me in for the whole period. A bank offering a discount seems too good to be true? Does anyone know of changes to the banking system in Spain?…
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Nationwide DIP?
Have done a NW DIP online and it's been accepted for 157000 with an 18k deposit. I have some questions which I need help with.. They have only asked for proof of payslips and not bank statements? Does this seem odd? I'm assuming I have passed the credit check as it's a hard search?... I have a couple late payments on my…
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Dmp and income support
:( Does anybody know the best places to search for mortgage companies which accept someone with a DMP which I could pay off and a deposit of 45% (from my current house) but my income is predominantly tax credits and other benefits as I have children with additional needs. I need to leave my house because of DV and also the…
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Mortgage and Home Improvements
Hi I currently own 50% of property. (shared ownership scheme) We are looking to buy the other half but also want to take out extra for home improvements. (windows and doors, bathroom, kitchen and landscaping) For example... House Valuation - 150k 50% Mortgage left - 57k Additional borrowing required - 25k so I would need…
