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Getting a mortgage and relocating
Hi Looking for some advice on getting a mortgage when relocating! Me and my partner currently live in london , we have saved a deposit but are looking to move to the west midlands to get more house for our money... However will a bank lend to us based on our jobs in London? We plan on getting the same jobs when moved or…
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preparing to remortgage - to fix or not?
Our fixed rate ends May 2017, and I'm starting to think about getting ready to remortgage. We are on a 20 year mortgage with Accord, 2 years at 1.63% then goes up to their awful SVR of 5.something or other %. We are with Accord because our application wasn't handled brilliantly by our broker - my other threads on this are…
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Nationwide - Borrowing More
Just a quick question. Our house & mortgage is currently only in my husband's name. I'm not listed only because I wasn't living or working in the area at the time the house sale went through so they wouldn't take my income into account. Our LTV is about 68%. Would Nationwide allow us to borrow more, based on both our…
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Mortgage Offer sent, before valuation?
Hi! We are in the process of trying to buy our first house, with a mortgage from the Royal Bank of Scotland. We got the AIP, offer accepted on house and then applied through a mortgage advisor on the phone. We had to wait for the direct debit mandate and mortgage agreement to come in the post, sign it and send it back.…
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First name wrong
So we are due to exchange next Friday and my broker just rang me saying Santander want my ID again as my name is spelt wrong I'm Joanna and they have put Joanne I didn't even notice on the offer tbh we have signed the mortgage forms etc but will they now stop everything going though could we lose the house :( I'm so worried
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Mortgage
Why do building societies sell mortgages on to other companies. My original mortgage was with BBB who changed to Santander who sold it on to Engage Credit who I am less than happy with. What is the criteria for doing this
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Remortgaged 7yr 2.08%
I just completed my rate switch. I had wanted a 10 yr fix but it would've been minimum £30 a month more. 2.08% for 7 years seems fairly decent to me and i'm happy with £420 a month. Just wondered what decisions others are making regarding remortgaging/rate switching at the moment. I was tempted by the 2 year tracker until…
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HTB Valuation when selling
Hey Guys So we have put our house on the market and we currently have the HTB equity loan. We have been told that we need to get a RICS independent valuation for HTB so that they can work out the amount we have to ay back. We were told this would cost around £150 but i am struggling to find any less than £300. Im not sure…
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Overpayment calculations with early repayment fees help please
Can someone help me with the mortgage conundrum as my brain is going dead with this. I have about £25000 left on my mortgage. I am currently tied in for another 7 years on a fixed rate at 4.49%. I have recently come into some cash due to an inheritance. I can pay 10% off without any penalties each year which I have done…
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Disadvantages to being mortgage free?
Are there any disadvantages to becoming mortgage free? Coming in to some inheritance and considering paying it off early in its entirety. No other debts, higher rate tax earner so savings rates are lower than mortgage interest rate and still worthwhile incurring the early repayment fee versus ongoing interest payments in…
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Mortgages and gifted deposit
So broker is away, thought I would come to the boards for some wisdom - Mortgage Lender wants Overdraft paid off in full £2,000 - in order to do this our family is willing to help - on top of part of the deposit (£10k) which will be coming from my father - my mother has said she would pay off my overdraft (I'm a very lucky…
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searching for a company address
Can anyone help please? I am trying to claim PPI back from a company that was called Abbey Direct Financial Management Ltd. They were based in Darlington County Durham but I can't find another address for them or find if they have changed names or dissolved. I have a letter from GE Money that tells me that I did have PPI…
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Help to Buy Equity Loan - Staircasing Question
Hi, I have been wondering something about the help to buy equity loan and so thought I would put it to the experts! Note I am referring to the London help to buy scheme. My question relates to the optional lump-sum repayments of the government loan within the 5-year interest free period. Let's say the property was worth…
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Natwest Mortgage Fund Release -Do they credit check again
Waring for Natwst Mortgage Fund release . Exchange already completed. Completion next week. But online Mortgage application tracker , fund is not ready yet. Fill little bit worried.Do they credit check again?
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Mortgage application - bank account scrutiny
Hi, I have been looking into mortgage application process for ages now (not actually applied yet) but still seem to find myself being asked for advice on these things, and some things I just don't know the answer to. One of the things which has come up is banks scrutinizing your incoming and outgoing bank statements during…
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1 late mortgage payment - what's the damage
Hi I messed up and paid my mortgage a day late (2 days by time the payment cleared). I have had the mortgage for 10 years with no previous issues. What impact would this have if I apply for a new mortgage in the next 1-2 years? Not sure whether it has been logged on my credit report yet.
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Is 5% deposit with Help to Buy worth it for me?
Hi all, I'm currently looking for a family home as a first timer buyer and I'm a bit confused about whether I should actually go for a 5% mortgage. I currently earn £31250 a year (in negotiations with my boss for extra pay, I have had offers for around £38000 but instability is the last thing I need when applying for a…
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Joint mortgage non-UK citizen
Hi all, Wonder if you can help. I bought my house 9 years ago when I was young free & single. Now married with a 3 yo and we're finding the house is not ideal and we're pretty desperate to move anyway (noisy neighbours etc.) We're now looking to change to a joint mortgage and pretty much have the deposit we'll need set…
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bank of England base rate
I have a fixed Tracker Mortgage with Tulip ( They took over Northern Rock) Am I right in thinking that due to a cut in Base rate my previous monthly Payments of £216.80 should be less this month??
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All at once
Have a joint mortgage offer from Natwest, received last week. We are due to exchange contracts for a new build within the next two weeks (if all goes okay with searches..) The build is due for completion end of October/beginning of November. Before applying for the mortgage myself/partner were actively looking for jobs.…
