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Mortgages & endowments

Archives for January 2017

mortgages for s106 properties
I bought a repossessed property in 2012 with s106 restriction - only to be sold to local people at 67% of market value . I now wish to sell this property . Can anybody tell me if mortgages are available this property? thanks Roger White
My Experience
Hi so ive decided to vent on here about my mortgage broker an nationwide :) will refer to mortgage broke as MB So little about me im 24 FTB single applicant So being of a young age an wanting to get out of rented accommodation (3years rented) i decided to look for houses to buy... after months of looking i found this…
New job during mortgage application
Hello! My wife and I are currently in the middle of purchasing an off-plan property which is due for completion around mid May. Everything has been going well, we have secured the mortgage we want and are now waiting to exchange contracts. We think we will be exchanging in the next couple of weeks. However I have recently…
Underwriting stress with Skipton
Hi all, We are currently going through the mortgage process with Skipton.. got our DIP and went to full application. Passed the credit checks and affordability checks, then were told by the underwriter that our circumstances (live at home with parents and both in new jobs, some debt) meant they didn't believe we were ready…
The saga continues - self employed mortgage
I was posting on the house buying board as I didn't realise there was a mortgage board. I applied for a mortgage on my own due to my husband being self employed, having quite a bit of short term debt and paying himself a very low salary (under 10k). They wanted a high deposit so we re-applied together and were able to…
Transfer of equity
My wife and I have seperated and so she can get a mortgage on a new property she wants to transfer the joint mortgage we currently have over to me. The current mortgage is with the Halifax and we have £40,800 outstanding with 11 years & 6 months until it is paid off. Current monthly payments are £354 a month & I would…
Need a (re)mortgage but lack confidence in being successful
Hi there! I am new to the whole mortgage process and I'm planning to use a mortgage broker but I'm nervous about starting the process, getting my hopes up and then getting rejected! I would appreciate any advice you can give on whether getting a mortgage would be possible in my circumstances, if theres anything I can do to…
Anyone have a fixed rate mortgage from Natwest and know what the 'minus' figures are?
Hello guys :wave: Apologies if this has already been covered, please feel free to tell me where to go if it has ;) So, we have a 2 year fixed mortgage from Natwest. I'm a bit of a geek and always check our online account (mainly to see that figure slowly chip away!) Recently I've noticed that there are some minus figures…
Porting or Redeeming
Hi folks I'm selling my 1-bedroomed flat and hoping to move to a 2-bedroomed flat on t'other side of the city. I'm in north Bristol and want to move eastside. Mortgage isn't up until March 2018 and my redeeming costs are £3,007. (Flat is probably worth £150k which is bottom rung of the ladder in this city.) Porting seems…
Mortgage with fixed rate with overpayment
I have been doing overpayment every month in addition to my monthly mortgage payment. The deal comes to an end at the end of the year. Will I be able to get a new mortgage and still make the overpayment or will they offer me something else since they can see I can pay the mortgage and an overpayment.
Cash Deposit and Unencumbered House- What are my Options?
I paid off the mortgage on my current house back in September, it's worth between £140k-£150k, but niw we want to move to a bigger house spending between £180k-£220k. I have been saving since September and have about £15k in cash at the minute but this increases as the months go by. Obviously the simplest thing would be to…
Am I ever going to get this mortgage
:mad: So after being messed about by nationwide for weeks. We abandoned ship and applied to Barclays this is my timeline:- 23/1 - DIP accepted then applied for mortgage 24/1 asked for more documents in the morning then by 3pm mortgage was agreed subject to valuation. 27/1 valuation done 30/1 valuation recieved and under…
Remortgage to extend current property
Hi everyone, We are looking to remortgage to extend our current home when our current deals runs out in a couple of months. We have approx 5K debt on credit cards and overdraft. I am due to get a works bonus that would clear this debt, but I am wondering whether it would be better to keep the £5k separate to show the…
First time mortgage for house not built?
Hi We are currently renting and have out deposit ready to go for a house, we have seen a development with Gleeson homes that are currently being built and a lot are getting bought, can we take out a first time mortgage for a house not built yet? thanks
Buy to let remortgage / guarantor
Hi, Hopefully a simple question. Is a guarantor mandatory/required on a tenancy agreement if looking at a BTL remortgage? My tenant has been on a rolling contract last 2 years but looking to get her into a new contract/rent increase prior to remortgaging and she can't provide a guarantor (90% of the rent is paid directly…
Mortgage arrears cleared over a year ago
Just curious. It has been around 16 months since we cleared our mortgage arrears. Will we need to disclose or will our credit file still show this as a concern to future potential lenders? Thanks
Scared about my mortgage application.
I have my mortgage app on Thursday. I literally can't sleep. :( I'm 25 ft band buying on my own taking out a mortgage of 150k with a deposit of 37k. My dip was fine but this past week my best friend had his stag do that I was best man at. I ended up having to take £120 out to pay for the night including two taxis that cost…
Mortgage without a job
Hi everyone, I was hoping someone could help! I am desperately wanting to get a mortgage. My divorce settlement is due any day this week. It is a good amount which means I can put a deposit of around £60000 down. I've seen a house I love for £150000. The trouble is I'm not working at the moment. I have 3 children (one is…
is it really better to add those few extra ££ towards deposit or use same to overpay?
Property value £217,500 Mortgage requested: £89,185 over 12 years LTV 41% precisely Monthly mortgage cost: £700.78 Total interest paid after 5 years on a fixed rate at 2.09% = £11,727 Now here is the question: By putting down a lower deposit of £91,000, but only increasing LTV amount to 41.84%, with £715.04 monthly…
Chargeable event.
Took out a with-profits endowment policy in 1986, originally for 25 yrs. However, interest rates massively increased in the early 90's. I was advised to extend my policy to 30yrs as at the time I could not afford the vastly higher interest payments. Through working overtime over the years, I was able to pay off the…

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