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Mortgages & endowments

Archives for November 2016

Nationwide - mortgage offer text
Afternoon. The house was valued yesterday and received the text saying say the report was there. Had a text from nationwide today saying "Hi, Nationwide here. We're pleased to let you know we've issued a mortgage offer. Please make sure you read the offer carefully." Does that mean the money we wanted and value of the…
Overpay Question
Hi all When my 5 year fixed rate ended, I overpaid my mortgage for 42 months however I am now concerned after watching Martin Lewis' Money Show last night when he said make sure you shorten the term rather than reduce the payments. I don't think I have done this. Is there anything I can do? Thanks
Halifax time scales
Hi I'm just wondering has anyone got a rough idea of Halifax timescales. Valuation has been done and two searches by Halifax on my credit file, one says mortgage application the other, first time mortgage. Last week they asked for a letter from employer explaining a £1 discrepancy between payslip and bank statement.…
Stamp Duty & 'Consideration' on buying for under value
Dear forum, This has come up several times in the middle of various threads, but just wanted to get a clarification due to conflicting information from different brokers/solicitors I have spoken to. Who determines how much stamp duty is payable? My parents wish to sell me their primary (and only) residence (valued at…
compensation from bank
My bank has advised me that they have been overcharging each month on my mortgage payments. They will refund the £6000 I have paid and offered me £2500 based on 8% interest. Is this acceptable or should I expect more ?
Who tends to be most generous with lending?
I've been doing some mortgage calculations on various banking websites and so far HSBC seems to offer me the most money for a mortgage, while Nationwide are the most stingy. From your experience, who tends to be the most generous?
holiday let mortgages
i have a house that i currently let out on the north cornish coast. its currently let to tenants on an AST but we are thinking that when they move out we would holiday let it instead. i am aware that i will need to secure a holiday letting mortgage as opposed to the BTL i have currently have but i was wondering what…
Parents to offset...
Hello, I wonder if people could shed some light on if this is a win/win situ or am i missing something? I have a mortgage of 50k, father has 50k in an ISA doing nothing. So i said to him, ill pay him the interest - tax of what he would get in the top savings account, that way he gets better interest and i don't pay…
Joint ownership with a charity?
I'm new so please be gentle! I've been sent here by one of my friends as I have a very complex situation! My sister in law is the founder of a charity, I volunteer for this charity and have done for many years. Very recently the charity was left a large amount of money. My sister in law offered to buy a property (that her…
NATWEST MORTGAGE slow broker
Hi guys I applied for a mortgage through a brocker and we went with natwest. We had the dip done and then the broker said he sent the docs for the full app. We also paid for the valuation which was done last Thursday. i tried to call my broker on Friday but I was told he would be back in on Tuesday so I decided to call…
Should I stay or should I go?
Hello all - can I ask your opinion on our mortgage? We have a mortgage that is 5 years old in January and will be eligible for changing without any penalty. The product is 5.7% across the 25 year although there is only 20 left. We've looked around and due to one thing and another we could get another product at 4.1% - so…
Britania endowment
Is anyone able to help please ? I had a endowment mortgage with britania building society for a flat I bought ,the mortgage started in 1988 , and I sold the flat in 1990, I never recieved anything back from endowment, Should I have reeived any moneyback ? Britania say they cannot find any records I dont have mortgage…
Which do I overpay??
Hi all, need some advice please.. situation is. We have a just released 17.5k from our house A We are using that to buy house B We are renting out house A Mortgage A is 491 per month (plus 160 as 17.5k loan has been ported on to it) = 651 (rent is 475) locked in for two years. Mortgage B is 820 per month for 25 years…
Default on credit file
Hi Everyone, No idea where I stand with this situation. Me and my partner are looking to get a mortgage, we currently rent in the private sector. Have a combined income of 48k per annum. However, nearly 4 years ago I had a default placed on my credit file for £65 from a t-mobile bill. This only came to light around 2-3…
Nationwide DIP question
I got myself a DIP from Nationwide a few weeks back as I am looking to purchase my first home and the process surprised me. I thought the whole point of a DIP was so you could find out how much you could borrow, but it seems not with Nationwide. During the application process the form asked me how much I would like to…
to use a mortgage advisor or not to use one
Hi everyone we are hoping to move home. we have a 5% deposit saved total income in our house is £73800.00. We owe 88000 on our mortgage, however, the mortgage we have is one of those stupid Northern rock 35 year ones taken out over 10 years ago and my husband took out a loan with it at the time (he wasn't with me then)…
How likely is it?
Removed because I got an answer
Sell or buy to let
I'm in the process of selling my flat for 330k and have 230k equity in the flat In addition I have savings £180K from an inheritance. I have now put in an offer on a house for 420k which is a bit of a fixer upper. My mortgage broker has obtained me a mortgage offer for 150k with Skipton for 1.9% fixed for 2 years.…
Second (sort of) mortgage
Hello Sorry if this is covered elsewhere, I did search to no avail. This may be a monumentally stupid question. My partner owns his house, I'm not on the mortgage/deeds. He has a mortgage of around £160K and around £600k in equity. We would like to convert our loft - he can't remortgage as he is self-employed and things…
Poor credit but equity
Can you get a adverse credit mortgage using 70 odd % equity as your deposit inherited house with a 22% charge that needs paying does the 6 month rule apply here Thanks in advance

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Mortgages & endowments

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