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Help with subprime rate
Hi guys, I wrote the bellow sometime ago, we were going to wait until the CCJ dropped off before applying. We have now been put in a position that we may have to do it sooner (landlord wants to sell property). We have initially spoken to a broker who has said that we will be on a higher rate of interest, which I can accept…
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New mortgage, tax credits, maintenance, etc
Hi all, myself and (ex-to-be)partner own a house. We have decided to amicably split (what was the term Gwyneth paltrow used?).. anyway.. as it is amicable we want to just split very thing fairly.. the kids will stay with me, he can see them, he will pay the recommended amount of maintenance with no issues etc.. After…
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Overpay on 5% fixed or wait until I move to 2.4% deal?
Morning all! I'm due to come out of my 5% fixed in March and have my eye on a 2.4% variable to switch to. My current payments are £450 a month and I overpay by £550 a month. I'm nowhere near the 10% limit on overpaying. With the new deal unlimited overpayments are allowed. My monthly payments would be £350 a month so I…
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Council Right to Buy - What's the banks role?
Assuming I have a deposit and meet all the criteria to get a mortgage from my bank to buy my council house. What is the relationship between the bank and the council, if any? Do I just get given the money by the bank and then pay the council or does the bank but it from the council for me or what? With a normal mortgage…
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Applying again!
So we had everything ready to exchange on 9th and our vendor has asked to push the dates and if we don't comply she will pull out anyway we don't want to lose the house but if we did and we wanted to buy a more expensive house say £25k more but £50k less than our DIP would you foresee a problem? Basically atm we are buying…
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mortgage overpayment options - which is 'best'?
I posed this question in the other mortgage forum but despite 105 views no-one gave a reply so thought i would try here instead! I am now in a position to make significant overpayments to my mortgage each month but need advice on how to handle them - my bank says this: How do overpayments work? If you overpay by less than…
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Sole name on Mortgage but not on Deeds! And now separation!
Hi all, I'm back for some more advice please. Scenario - Friend moved in with girlfriend and mortgage is in his sole name only, girlfriend's name is the only name on the deeds - his isn't!!! I know - I cried too!! So now they are splitting up and he is moving out - what on earth can he do if anything? Can he cancel the…
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Do I need a mortgage approval?
Not needed
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Nationwide CRA?
Hi all Just wondering if anyone knows which agency Nationwide uses for mortgage applications. I've heard they only use Experian. Does anyone know if this is definitely the only one they use or has anyone had experience of them using the other CRA's also? Thanks in advance
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Product switch
My fixed term with Nationwide ends at the end of this month. I am looking at doing a product switch with Nationwide as the rates seem competitive and I don't want to complete another affordability assessment. My details are: Property value = £410,392 ( nwide price index) Outstanding balance = £262,368 LTV = 63% Term = 37…
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Mortgage product withdrawn not sent application
Hi, we just had a bid accepted on a property, and was just about to post the application form but have noticed that the product is not available on the website and any of the other search websites, now we did the application on the phone on the 15th August and the Mortgage advisor said that they would honour the…
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Quick remortgage calculation
Im currently with HSBC, and I think I'm going to swap rates from variable, to a much better fixed rate. I'm going to reduce the term to 14yr at the same time so the payments stay roughly the same. currently £95,500 debt with an 82% LTV (we paid £120,000, I guess the bank have devalued/reindexed our house :/ ) The 2 options…
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Paid off Halifax mortgage
Paid off my Halifax mortgage, not heard anything from Halifax. Just wondering what happens next, do I get any paperwork from them, do I need to do anything else.
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Quick 95% mortgage question
Our house is going to be sold for £160,000 We still owe £135,000 (Nationwide 1.99% tracker) We are moving and buying a new house for £289,000 So we have £25,000 equity in the house. We have enough savings to top up the equity to make a full 10% on the new house. Indeed I have a decision in principle to this tune…
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FTB and interest only, is it possible?
We are first time buyers with a 25% deposit on a £425k property. We can comfortably afford the monthly payments of a repayment mortgage (we have an offer with Halifax already) but we are considering asking our broker about an interest only deal since we think that we would be better off investing the money in a cheap…
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Lost mortgage deed for completion
I should be completing on a new build flat within 3 weeks or so. I received a mortgage deed in the post from my solicitor when I originally applied for the mortgage last year, which I didn't get round to signing. I am now on my third offer, Halifax basically have renewed it a few times (due to all the delays) and this new…
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How long should remortgage take?
Hi I know it's an estimate but had my mortgage offer and I've sent all documents to solicitor which should be there next week. Can anyone let me know their timeline experiences please? I'm moving lenders. Thanks in advance.
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Home for life plan for over 60's
Does anyone know anything about the over 60's Home for Life plan in Kent. I live in Kent and my mums looking to move closer to me with a very limited budget. Houses in this scheme are in her price range, but it seems kind of dodgy. I saw post from a few years back saying that it's unregulated. Is it any better now? What…
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Mortgage sent back to mortgage advisor after underwriters??
Earlier we were told that our mortgage offer was in the post, however when I phoned again I was told this isn't true. :mad: ANYWAY we were told it has been assessed by the underwriter and has now been passed back to the advisor. So it's going to be at least Monday now before we hear. Why would it be sent back to the…
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Leeds BS
Hi Does anyone know which CRA(s) Leeds use for their mortgage checks please?
