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When will interest rate change...Nationwide tracker
Just wondering when the interest rate drops on tracker mortgages? I thought it would have been as soon as the BOE rate was cut?
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Porting/switching thoughts?
Hi All, Wondering if I could get some thoughts on this. We have an offer accepted on a place and just negotiating just now on an offer on ours and hopefully we can get what we want. Our current mortgage is with Tesco fixed until October 2017 at 2.49% and the additional borrowing we would need after moving is about 170k.…
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Remortgaging FROM Kensington.
So we are putting in a full application with Kensington. We understand that we have to have this mortgage as we have adverse credit. It was cheaper then precise. That's for sure... Can anyone tell me if they have successfully moved away from Kensington? We're only going on a two year fix with them but I'd perfer not to…
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Deposit and LTV question
I have recently started looking tor my first house and have come across a place that I like but needs a bit of work. My question is, if I have an offer accepted for less than the home report valuation, for example an offer of 90k on a 100k value, does that mean that I could avoid having to put down a deposit and still get…
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Mortgage fees
Hi, I am currently trying to get a mortgage for a property however I am struggling as I am only on a one year fixed contract. Halifax have said they will give us a mortgage but the fees seem particularly high. I wondered if anyone could give me advice on this please. The house we are buying is 280,000 and we are putting…
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Council tax arrears
Hi was hoping someone could advise. My partner and I have just made a mortgage application. After application we were looking through bank statements and realised he did not tell the mortgage advisor about council tax arrears he had at a previous property. He has only one payment left to make. Have we doomed our…
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Booking fee - transfering existing mortgage within same company?
We've been FD mortgage holders for >10y. Current house owned for nearly 6 years. Existing FD offset 2y fixed rate reverts to variable in January. Want to move to a new offset within FD to save on the interest. This is possible and will save us money in the long run - but - I can't understand how £1450 booking fee is…
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Halifax- Direct or Broker
Hey, I've been speaking to a broker and halifax directly. They called me to inform me of the current deal (£1000 cashback) and the broker also told me this was my best deal. I bank with Halifax, are there any benefits or disadvantages to going direct or via a broker? Would going direct save paperwork (because they can see…
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Mortgage a owned property
Hi all, I currently own a flat worth when last valued in march £71k. I completely own this property and have it rented out atm for £550pm, (I bought with compensation claim). My current situation is I am 26 years old I have a 3 defaults all older than 3 years. I currently earn £14k a year plus my rental. I would like to…
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Mortgage advice cjj and defaults.
Hi. Thanks in advance for reading. In March this year I finished my dmp and have 7 defaults that finish their 6 year life span between October we this year and July next year. I also have 1 ccj originally worth 2300 paid off in full and satisfied in March - 6 year life span is due to end November next year. Me and the oh…
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Mortgage Problems
Hi, I am just wondering if anyone has experience or advice with my issue. I currently own a property with my ex ( girlfriend ) she ended up being added to the deeds just before we separated in order to get some equity out ( the worst thing I ever did ) anyway she has paid nothing towards the house for over five years.she…
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Gifted Deposits
Hi all I have applied for a mortgage alone with my current partner providing a large donated gifted deposit in order to purchase the house we love. The unconditional donation form has been submitted and accepted by the mortgage provider, however we have recently completed a basic declaration form with my solicitor…
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Equity to clear debts
Hi all, just a quick bit of advise or to get peoples opinions on a dilemma I'm going through. I have had debt troubles, and coming out the other end (by other end I mean clearing a large chuck and being in a position to start paying significantly more than just the minimum payment on things). I need to move house and have…
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Mortgage and Life Insurance
Hello forumites, Has anyone taken out life insurance maybe at the same time as they took out a mortgage? This could be going back many years. If so please PM me (click on my name on the left and select send private message). Thanks MSE Eesha
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Offset mortgage vs paying in cash
I am planning to buy a house and fortunately I am able to pay in cash. However, I saw something about offset mortgages one day and was wondering if there was any advantage in getting one of these instead. Scenario A This was my original plan. To pay for the house in cash and then save/invest the equivalent of my current…
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Endowment underperformed - what next
Just hoping for a bit of advice... My parents in law have an underperforming endowment policy which matures in November and will leave a £14,000 shortfall on their mortgage. They've known this would be the case for years but haven't done anything about it and still need to talk to the bank about what happens next. They…
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Mortgage application referred to underwriters: first time buyers
Hi there, I don't usually post on here, but having googled our particular situation at the moment I thought it would be best to just ask! My boyfriend and I have recently had a decision in principle from HSBC, which said the maximum loan value we could request was 380K. we subsequently found a property and had our offer…
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Mortgage Advice
Hi Hoping someone maybe able to offer some advice? First time buyer so totally new to this sorry! Myself and my girlfriend have been living at an apartment for the past 6 years (she has ownership of the property on mortgage). Now we're looking to get our first house together. I've been self employed for the last 4 years,…
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Transferring a Mortgage
Hi, I am currently going through an (amicable) divorce. Our house is in my name only as my husband has had a bad credit history due to debts and working for himself. He has now got permanent work, has worked hard to consolidate and clear his debts. I want this house to be transferred to him as i want to buy somewhere new.…
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Will owning other houses outright affect my future mortgage application?
Hi I have a mortgage under my current house and owns another property outright at the moment. Will having my name on a second title deed affect my re-mortgage application in future? Therefore will it be more a burden for future re-mortgaging application? E.g. mortgage lender factor in other issues? Thanks
