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Would anyone consider giving me a mortgage?
Strange question but I suppose I have a unique set of circumstances! Quick background, Currently live in a property which as been valued at circa £200k we have approx 5 years remaining on current mortgage owing circa £30k I am due to be made redundant in a years time with a redundancy payment of approx £80k My…
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Help to Buy vs full mortgage total cost comparison
I'm looking to purchase a new build property with a 5% deposit this year as a first time buyer, with the option of using HtB equity loan. The property value is £340,995 and I'm able to afford a full 95% mortgage if required, but... intrigued as to how the true costs compare when taking into account saved interest fees on a…
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Help, severance of tenancy
I wondered if anyone could help with this matter? My partner previously owned a property with his ex partner, who through her solicitors applied for 'severance of joint tenancy' them now being 'tenants in common. However he was misled into what he was signing by his partner (he didn't have a solicitor therefore signed it…
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Reducing spending before applying for a mortgage
Hello, My husband and I are currently living with family to save a deposit for our first home. We are aiming for a 10% deposit (approx. £23k), which hopefully we will have saved by the end of this year. We don't spend particularly excessively, but I am aware that around 3 months before applying, we will need to be careful…
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Mortgage Payments and Upkeep
Hi, My wife and I split up 3 years ago and I've remained living in the marital home (she has a new partner and a new house). We still own the house jointly, however she does not pay the mortgage as I pay for this along with all bills and any upkeep. I have recently had to replace the boiler and bathroom, as well as some…
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Mortgage App - Credit Card or Loan?
Hi, I'm hoping to apply for a mortgage with my partner at the end of this year. I'm currently paying off my existing debt and was just wondering what would look better on my credit file when applying. I have an outstanding bank loan, with £4,700 left and a credit card with an outstanding balance of £800 (£1000 limit). I am…
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Money laundering check by solicitors
Hello, We are buying a house, and the sale of our current house and the new loan we have agreed with the mortgage lender will cover the cost of the new house. We will have to use savings to cover the stamp duty etc. Our solicitor has asked for evidence of where we will get our deposit from for money laundering check…
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8 Year Mortgage what to go for?
We are currently mortgage free but are buying a newbuild and will probably go with HSBC. However, I've always gone with fixed rates in the past but wonder if there would be any merit with going for a lifetime tracker? (can't say I full understand being able to choose the term though). Any advice gratefully received. We are…
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Mortgage help
Hello, Quick summary: Trust Deed in 2006, completed in 2009. Had mortgage arrears 4 years ago as I couldn't take a payment break and had to get boiler fixed, bank said only way would be to miss the payments for two months and set up payment plan for arrears. Negotiated a new fixed rate 2 years ago for a 5 year period, made…
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Halifax rate switch nightmare
So I called Halifax this morning as my fix rate ends in July, only to find out I cannot do a simple rate switch because my mortgage is on their 'old system', mortgage number starts with A and I don't have a 14-digit account number. They told me I needed to book an appointment with their Specialist mortgage team and they…
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New user requiring help with CC use and post mortgage offer!
Hi all, Sorry in advance if this is a stupid question! We are about to exchange this Friday and complete the following Friday. However, now I am getting worried about the horror stories of mortgage lenders pulling out post off or mid exchange to completion due to CC or loan applications post offer and pre…
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Raising capital on mortgage immediately after purchase? Bank say 6 months?!
Situation Current house selling for £200k (£115k still left on mortgage) New house is £130k. Looking to borrow £130k for new house, Less The £85k already paid in mortgage Plus £40k for home improvements and to pay off other loans £95k Net A well know bank has refused mortgage as they said we need to have owned the new…
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Mortgage require building reports
Hi not sure if posting this in the right place but I'm stuck at a loose end! We had a valuation holding back retention. My broker is trying to get it waived. Leeds BS require a report and quote from a specialist RE floor settlement/levelling with an insurance backed guarantee. My fianc! works for a building contractor who…
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Valuation instructed!
Yippee so excited to finally find out that the valuation has been instructed! Does this mean we are likely to get an offer subject to valuation as our paperwork has already been reviewed by the underwriters?
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Am I already a homeowner?
I'm looking for a bit of advice from the forum, if anyone can help! My mum died in 1999 and left her half of the family home to me in her will, however my dad has never had any paperwork changed. Even the £1 mortgage outstanding (so the lender will look after the deeds) is still in my mum and dad's joint names. Now I am…
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SA302 forms
Hello! My husband is self employed and an accountant does his books so we are unable to print these forms off online! So we called and the documents are being send to us but can take up to 2 weeks I was wondering if anyone knew if company's like Halifax, skip ton or natwest would accept fax copies of these documents? Thanks
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Overpayments and interest
I have just swapped to a fixed rate deal today and totally forgot to ask how over payments work. I know what the yearly limit is and will make overpayments to my interest only part but how/when is the interest calculated for that? Yearly? Monthly? I hope I explained that OK
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Help to Buy Equity Loan Mortgage Lenders
Hello, I know the best advice is to go with a broker...but so far I seem to have one who is pretty clueless... Is there a list anywhere of all of the mortgage lenders which offer HTB Equity Loan products - I can find one for the Mortgage Guarantee lenders! Thanks, Millie
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Anyone taking up HSBC 1.79%
Anyone taking up this offer? We are currently with them on 1.99%, with a small mortgage of £69k. I've run the figures over our remaining term (circa 16 years) and even paying the fee of £999 we will be £1250 better off over the 16 years. Last time we switched to them from another vendor we only paid £99, so I'm wondering…
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Nationwide Overpayments
This may be a pernickerty question, but one which Nationwide have been unable to answer. If I want the monthly amount of my mortgage to reduce, is it £500 or over £500 (i.e. £500.01) that I need to overpay by?
