-
Will banks take into account that I'm clearing debts on sale...??
Hi, I am a homeowner (with mortgage) and want to move house next year. I have around £50,00 equity in my current house, and outstanding debt of £15,000. I will be clearing my debt with the equity once I sell the house and will use the remainder as a deposit on the new home. My question is...will mortgage lenders take into…
-
Home Improvements with Help to Buy Loan
Hi! We are due to buy a property with a Help to Buy Equity loan next year. I am aware that any home improvements including structural alterations need prior approval from HTB. My parents have (very kindly) said they'd like to give us a conservatory as a wedding gift :O! Yes, I know... Has anyone got any experience with…
-
Early Repayment Charge after Burglary
Hey all, Hoping you can send some advice my way? My house was recently burgled by my neighbour, to the point of the walls being damaged/partially pulled down in all rooms. Total insurance payout was over 20k. I have absolutely no desire to move back into that house and I plan to sell it as soon as it's repaired. I expect…
-
Purchase process - solicitor issue
Hello, I wonder if someone can advice or have experienced this. My parents are elderly and I am buying their property off them, as they are moving abroad. I have my mortgage offer, however their solicitor said she can't get through to one of the creditors with a debt registerd on the house, I think she said the company…
-
MSE News: Homebuyers' understanding of mortgages to be reviewed by the regulator
The financial watchdog is to consider whether homebuyers currently have enough information to choose mortgages...Read the full story: 'Homebuyers' understanding of mortgages to be reviewed by the regulator' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
-
Do all lenders use the same Surveyor Panel?
Hi, Does anyone know which surveyors are linked to which lenders? I have had a shocking valuation by Countrywide which has halted my application through Nationwide. I need the next valuation to be carried out by a different firm, is this possible or likely? Thanks as always :)
-
Product fee -6 month expiry
Hi all our first direct mortgage offer (subject to paying the £1450 products fee) expires after 6 months at which we lose that fee! Which seems like a roll of the dice as our house has just gone on the market Is this normal?
-
Mis sold Mortgage
Hi everyone, Just joined the MSE forums so go easy on me! During the summer of 2009 at the age of 23 I decided to purchase my first property. After finding the house and identifying the price/deposit (115K purchase 10%deposit LTV) I began to chase a mortgage. Unfortunately I was not as savvy as I (think) I am today and did…
-
Different Mortgage rate at actual site
Hi all, I was looking for a cheap mortgage from the ''Personalised Mortgage Best Buys " and it's showing Virgin money as one of the cheaper ones at 1.83% for a five year fixed standard at 60% LTV. When I click the actual website of Virgin money it's showing me a completely different figure of 2.19% for the fixed five year…
-
IVA completed advice
Hi everyone. My name is Stuart and could really do with some advice, its a bit complicated and i don't know which information to start with so i'll try and explain it as best i can. I have recently completed an IVA and have received my certificate of completion. Me and my ex-wife separated 6.5 years ago (officially…
-
Mis Sold Scottish Amicable Policy
Back in my youth, 1990 I was serving in the RAF in Germany. We had several "Advisors and brokers" in the Mess all trying to sell their products to the guys serving overseas. I signed up via a broker for a Scottish Amicable Endowment policy over 25 years. The policy matured and masively underperformed compared to the…
-
Selling Up
Hello All, Really after a bit of advice on some HUGE charges I have been hit with over the coming couple of days. Basically back in June of this year, myself and my partner viewed a new build property and instantly fell in love with the design. At this point we were not living together, myself a home owner and her in…
-
Why am I being offered more?
I keep seeing it thrown around that lenders won't offer more than 4/4.5x your salary. My salary is currently £16,500 with an extra £1,200 a year in the form of monthly commuting allowance (which I don't even need as I can walk to work). When I do mortgage calculators online, HSBC and Halifax say they'll give me £90,009.…
-
Help to Buy Equity Loan - please clarify what happens after 5 years...
Hi all I'm just looking into this option and have got my head around it mostly! Apart from one thing.... After the first five years, what exactly happens? Aside from paying the mortgage on the 75% share as I would have been doing since moving in, what more will I have to pay after those first five years? Nothing? Just the…
-
NSC friendly lenders (cross walled)
Hi, looking at lenders for NSC (Crosswalled, timber framed) builds. Any suggestions on who to approach? What about Santander or Natwest? Any ideas? (3 story townhouse, late sixties)
-
Overpayments and how they are calculated.
I know, I know, another overpayment question! Sorry, but I'm having a bit of an issue with Lloyds and the way our overpayments have been applied to our account. We are allowed 10% and are 4yrs into a 5 yr fix, I've been overpaying smallish amounts £50-300 until recently when some of them have been £1000. The small amounts…
-
New mortgage as single lady
Hi I recently divorced and had a joint mortgage with my ex husband. The house has been sold and the mortgage now paid off. I have been off the housing ladder for about 2 months . I am now looking to buy a property again and take on a new mortgage in my name only but am unsure as to what mortgage I would qualify for, first…
-
Putting my name on Mortgage tips
Hi Everyone, I am going to be moving in with my girlfriend, soon to be fiance and wife hopefully! The idea being that we re-mortgage soon after and I get added to the mortgage and deeds. She has about £160k in equity, I'd like her to protect that in case the worst comes to the worst. Not that I think it would but you get…
-
Mortgage Offer!
Wow! well I've been refreshing the Natwest tracker more than my work email over the past few days! Accepted DIP 16/11/2016 Full application put through 02/12/2016 Valuation instructed 06/12/2016 Valuation completed 08/12/2016 Offer instructed 12/12/2016 Just waiting for our letter in the post which we should have within 5…
-
How to become a Mortgage Adviser... Again
Firstly sorry for writing this not in the Employment forum, but I fealt I was much more likely to have appropriate people to see my post in here. I was a Mortgage Adviser for over 4 years at high street bank. I have then spent last 2 years in a different industry which I have left in November. I really want to get back to…
