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Mortgages & endowments

Archives for August 2016

£0 Valuation
Hi, we've received terrible news today that our mortgage aplication has been declined because the valuers have confirmed that the property has suffered structural movement and a structural engineers report is required. Apparently the valuation is £0 because they can't fully asses the property without the structural report.…
Help to Buy London and Serving Military
Hi, I can't seem to find an answer to this online so I was hoping someone may be able to help before I call the H2B helpline. My partner (serving in the British Army) and I are looking to buy a H2B flat in London. I understand that under the terms of H2B, the home cannot be sublet. However, I was wondering whether there…
Time to move to new interest rate?
I have a remortgage offer which is due to complete on 1 September. On the lender (Natwest) website it says they will reduce the rate of the same product by 0.14% effective from 31 August. This will save me around £25 per month. I spoke to my mortgage advisor who advised I would not have enough time to move on to the new…
Application with Credit Decisioning Team
Hi everyone, Me and my partner have applied for a SO mortgage with the Halifax. Phoned up and found out that our application is with the credit decisioning team and that a valuation has also been booked for Thursday. Our broker had been withholding the valuation until he felt confident things would be going well, so I was…
voluntary surrender of my mortagage and Council Tax.
I was under the wrong believe I that I should get 6 months council tax discount. The council were quick to put me right on that score. However they said that once the mortgage company has taken taken repossession of the property I would no longer be responsible for the county tax. Now I have given the council a letter…
Use loan to lump sum overpay mortgage?
Hello. I have a mortgage with a high interest rate of 4% (the house was an opportunity too good to miss so had to get a 95% mortgage last year) I have the option to over pay (which I intend to use) each month or as a lump sum. What I was wondering is that given the very low interest rates whether it is beneficial/advisable…
Mortgage query
Hi, I am looking for reassurance. We have recently got a AIP approved and are meeting with mortgage broker soon to look at lenders. We have a good deposit of £60,000 and am looking to get a mortgage of £225,000 Partners finances are very good. However, my finances are ok. Only have 1 current account with an overdraft of…
Grindeys LLP
Hi, do solicitors normally have the Tuesday of the bank holiday off? I've been allocated Grindeys via Nationwide, they've never answered and email and have picked the phone up once in 4 days. I've read the reviews, they aren't good. I'm remortgaging and removing a name from the deeds. Thanks.
Will late payment scupper mortgage chances?
Hi guys Wonder if someone can help. Shortly due to be applying for Mortgage AIP. Only real negative on my Experian & Equifax credit report is a late payment marker (with the number 1) on my VW car finance from February this year. Is all up to date now just paid one payment a little late (within a couple of weeks) All…
Changing mortgage lender for new purchase
Long story short: we were due to buy a house in May/June which fell through. For that we had an AIP from Nationwide and the purchase got as far as converting that to a mortgage offer (direct through nationwide online). Our sale fell through when the buyer pulled out, then we lost the house we were buying. We now have a…
Remortgage
We are looking to remortgage the house to get some money for an extension and refurb. House is worth about 130k and we owe about 85k with 10years left to pay. How does it normally work? Can we only borrow around 123k to leave it as 10% LTV or borrow 130k based on the extension adding money onto the house? Got around 25k in…
Accord Mortgages have knocked back my portability request.
Allo Folks First and foremost this is my first post on here despite the fact I am an avid reader of this forum. So please forgive if its abit long winded. Here is my problem and its causing me a wee bit of upset, your help and advice would be much appreciated. I am in a uniformed profession and retire in March 2017 at the…
Finding an IFA
Just a quickie please is Unbiased still the place to go if looking for a local IFA or are any other sites now generally better regarded? Thanks
Mortgage advice divorce
Hello. This is my first post here and im after some advise. Ive founds lots of information online about what happens when you have a joint mortgage and divorce but i couldnt find any information about the process when i have the mortgage in my own name from before we got together. We only seperated a couple of weeks ago…
Consideration of investments in mortgage eligibility
Hello, I have been unable to find information online or through friends on this question as a first time buyer with investments seems to be a rare thing. All of my friends have put everything towards saving for the deposit and don't invest. I have been doing both. I am curious, are my investments a consideration in how…
2nd residential mortgage while renovating
Hi We are looking to move and a lot of the houses we are looking at need quite a bit of work done. Having lived on a building site for years in our current home I don't want to do that again. So we are looking to purchase another house while keeping our current one while we do the building work and then sell our current…
Help to buy with 20% deposit
Hello, I was wondering if someone could enlighten me if this is possible and which mortgage provider to go with I'm in the process of purchasing a £300,000 house on a new build site. I can use the help to buy but I already have a £60,000 deposit Would I be able to do the following - £60,000 equity loan £60,000 deposit…
Confusion over Lending Crieria
So got AIP from Woolwich. Credit report isn't amazing, but its not terrible. we attempted a few months ago but we were declined straight away due to having a missed payment on a CC within 12 months - that missed payment now fall outside of the 12 month window so I assumed that this was why it was no accepted - same broker…
First Direct/Virgin/Tesco Mortgages
Hi All, Any thoughts or experiences on these 3 lenders? They seem to always be at the top of the table when I am searching. (80-90% LTV First Time Buyer). Thanks
Coventry BS historical interest rates
Anybody know whether there's an easily accessible database on Coventry's mortgage interest rate history? Looking at going onto their 'Flexx for Term mortgage' , but as it isn't a tracker, I'd like to see how the rate has behaved over time - to see what the effective cost of the offset facility is and the behaviour of the…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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