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Overseas property
Hi All, We have found a holiday home that we want to buy in Europe. The price is 100,000 Euro plus approx. 15,000 in fees and taxes. We currently have approx 65k Euro and want to take out a loan for £40k to pay off the holiday home in full so that in future we are not dependant on currency fluctuations. Our current…
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Help choosing a mortgage - going crazy!
Hi everyone, Very grateful for any advice on this, as I've given myself a massive headache trying to work it out... I do actually have a mortgage broker, but he is utterly pants and I wish I hadn't bothered (ie. he keeps telling me there is no difference between overpayments reducing the monthly payments or reducing the…
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Anyone tried THE MORTGAGE LENDER - TML?
Hi, Anyone tried or has any experience with THE MORTGAGE LENDER? They are quite new on the market and we are waiting for the answer from them as Precise refused to give us the mortgage. Maybe someone dealt with them in the past? Thanks
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Mortgage overpayment advice needed
Hi, We are currently at the start of a 2 year fix at 2.09% with Leeds Building Society and are allowed to overpay 10% of the total value each year. I have worked out we can save enough each month to overpay 10% in a lump sum towards the end of the first year. With Leeds terms & conditions suggesting a lump sum is better as…
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Mortgage acceptance help (freaking out!)
Hi all, Can somebody give myself and my wife some help (actually, more reassurance!)? Our current situation - we are selling our first home in the Central Belt of Scotland for 125k and have had an offer of 260k accepted for our perfect family home (Victorian mid-terrace 4-bed, survey valuation was 260k). We're in the very…
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MSE News: Regulator asks lenders to explain why they haven't passed on base rate...
Mortgage lenders that have not yet passed on base rate savings to their customers could attract the attention of the FCA...Read the full story: 'Regulator asks lenders to explain why they haven't passed on base rate savings' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure…
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Remortgage
Can you get a remortgage if you're self employed but currently have no proof of earnings. The only thing in your favour is that you have £150,000 equity in your property and the mortgage with Nram shows your regular monthly payments. Nram wont remortgage as there is some debt still being payed off as well as the monthly…
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Overpayment
I have a five year fixed rate mortgage and can overpay 10% of the year's starting balance each year without penalty. Last week I made a payment of 10%. Today I've had a letter saying that a part redemption has reduced the mortgage balance and therefore the monthly payment, and to contact them if I would like this to be…
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Was my mortgage mis-sold?
Hi all Wondering if anyone is in the know. If a broker changed my DOB on my mortgage application to make me a year older is there a case for being mis-sold the product? (I wasn't aware that this was done until recently) I was 20 when the application went in for the MIP, and 21 when the sale completed. Many thanks…
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Overpay Mortgage or Clear Credit Card Debt
As the title states really. Between my wife and I we have approx. £5.5k on credit cards all at 0%. We are wanting to move sooner rather than later and currently have £11.5k in savings. In terms of looking for a new mortgage, are we best off clearing the CC debt or have more of a deposit. We would be looking for a 90%…
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Mortgage Offer
Got a mortgage offer to buy out my ex's interest in the house I live in. Due to a delay with the consent order it looks like it wont all be completed before the expiry date. What normally happens in these situations? Is an extension likely to be approved or do you have to make a fresh application? How close to the wire do…
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What do brokers actually do?
I am currently using L&C as an online search tool for mortgages...but what do they actually do to help me along the way after this? It seems they advertise a mortgage that I can get exactly the same rate for when going direct to the building society. Does using a broker make things easier/safer/more likely to get accepted?…
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Can I get a 2nd Mortgage?
Hi all, basically I have a mortgage with my ex-partner for a house that she still lives in with our 2 children. I now live at my parents house. As agreed with my partner, I haven't paid anything towards the mortgage for the past 18 months even though my name is still on there. This is so that I can eventually save up…
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Buying off a family member/First time buyers
Hello, My girlfriend and I have been kindly offered the house we currently rent off her parents. We are definitely interested in the purchase but as first time buyers we don't have much of an idea of how to go about it. We are having the house valued soon, and we are booking in to speak with mortgage advisors imminently.…
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5-5.5x salary multiple
I know this kind of question will bring a lot of mirth from some of the members. Is there anywhere that will do 5-5.5x salary multiples? I am about to take the penalty on my 3.59% fix that has 3 years left to run & would like to borrow a bit extra to finish my house renovations. I'm well within affordability checks as I…
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Credit card use when buying a house
Hi, We are buying a new build which means that we ended up with an 'extras' bill of 7K, and we have just over 5 still to pay when we complete. We were told this gets added to our final bill from the solicitor along with the stamp juty. I have a credit card with zero balance, so we had in mind that we'd pay that final bill…
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Applying for Mortgage and Marrying
Hi, hoping someone can give me some clarity. We've had an offer accepted on a property. We made the offer in early June and there have been delays on both sides but we now have the money transferred from my wife's savings in America, as she is fronting the whole deposit and we are in a position to move ahead. Now we were…
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Ex-Bankrupt mortgage application
Hi, I'm after some advice. Both my wife and I were declared bankrupt in January 2010 and discharged on 19th October 2010. We are now looking to move from our property, which we were able to keep after buying back the beneficial interest at the time of the bankruptcy. We have approximately £100k in equity and a joint income…
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Mortgage valuation- terms and conditions NOT disclosed, mis-selling?
why do the banks do not tell you explicitly on the phone, when arranging a new mortgage deal, that a valuation may negatively affect your LTV and the valuation cannot be repealed once taken place??? My mortgage company is Halifax, and this is not in any of their telephone scripts. This year I was on the cusp of getting a…
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ID1 form cost help please?
My absolute joke of an ex has got all stressed about getting his ID1 form signed off by a Conveyancer and has got me to find out exactly how much it is and got all annoyed when I said he'll be charged (oh and moaned about getting Passport photos) I'm gonna just give him the money but does anyone know how much somewhere…
