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Compensation for mortgage provider complaint
Hi, Back in mid-November I spoke to my mortgage provider about reducing the term on my mortgage. I spent 3 hours in branch answering all the questions and signing paperwork and was told I would have a decision within 4 weeks. This came and went and I called them several times to find out what was happening only to be told…
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Help to Buy & Part Exchange
Evening all, I've looked around everywhere for the following information, and can't seem to find it anywhere.My wife and I are looking to buy a new build property. We have looked into all of the schemes currently available and have a query over eligibility. We currently live in a house where the ownership is officially…
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Endowment and tax credits
My endowment policy is due to mature after 25 years. Approx 13K to come. Do I have to declare this on my tax credits form?
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Off Plan New Build / Mortgage / BREXIT concerns.
Hi All, First post here but have found this forum amazingly helpful before now reading everyones contributions. I am looking to buy a flat in London, and have found a one bed new build off plan which is £375,000 . We pay 10% deposit now if we are keen then next year we are set to get a mortage for the balance (minus…
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Mortgage with Missed Payments
I am on the right path to getting my credit file sorted. I am hoping within the next 2 years I will have saved enough deposit to perhaps do a shared ownership of somewhere mortgage wise. Im really worried when the time comes that I will be declined due to having missed payments within the last 6 years. Once I am on the…
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New Directors - Mortgage question
I'm a director of a LTD company, which is a continuation of my sole-trader business that was setup in 2011. I incorporated this business in May 2016 and switched my registered address to my new accountant for LTD at that time. First year end is May 31st 2017, my personal earnings are matching with what I was taking as a…
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Halifax Mortgage Promise
I wonder if anyone can help me with the Halifax Mortgage Promise; I attended a meeting with a Halifax Mortgage Broker last week in branch & was told that the AIP was successful & that I had an A4 internal credit rating. I checked my Experian credit file the day after & I could see x 3 'soft credit checks'. I couldn't see…
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Mortgage and a MESS?
Hi all After a pop on google I was led here... I'm trying to move house (got a Halifax mortgage atm) as we want to be nearer my partner's work because it's costing a fortune. We were a bit silly with credit, basically a case of taking (and spending!) what we could even though we were relying on one salary. We've learned…
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Natwest not using Index for valuations for existing customers
Hi All, I took out a 2-year fix mortgage with Natwest around 2 years ago, and it stated on their web site at the time that once the fix has expired and I wished to switch rate with them, they will attempt to use an index for valuations. If I disagreed with the index valuation, I could pay for an internal valuation. After…
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Mortgage Advice - First Time Buyer with Defaults
Hi All, I do apologise if this information is readily available but I am in completely unknown territory. I'm looking for some advice with regards to acquiring a mortgage with bad credit. I'm 26, been with my wife for 5 years but previous to this I made some mistakes, got myself into debt I couldn't then repay and then,…
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Affordable Housing Scheme - Wales
I am looking at the possibility of purchasing a new-build property through the Affordable Housing Scheme in Wales. I meet the criteria of the scheme but when I went in to my local Nationwide branch to discuss a mortgage they said I'd need a 15% deposit for that scheme - which I don't have (I assumed it would be 5%). Does…
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Precise mortgage offer
I have a mortgage offer from Precise. The offer expires on 15th March 2017. If for any reason the completion cannot be done by this date is it possible to extend the offer? MS
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Valuation
Hi, Mortgage valuation was carried out on my property in December. Unfortunately the application was declined. I have now submitted another application to another lender. They use same surveyors. Can I use the same valuation report carried out by the previous lender? Or new valuation has to be carried out regardless. Thanks
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Debt consolidation prior to moving?
Hi, My partner and I already own our property, mortgage about 75k, property is worth about 220k. We are hoping to sell that and buy a higher value property (by increasing our mortgage) within this year, hopefully by summer. Problem is we have been living beyond our means for several years, so have accumulated about 70k of…
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Making an Overpayment
Has anyone got any experience in doing this? I want to make an overpayment to Santander on my mortgage? I am not in a fixed term, just a standard variable. What do I have to do? Is there anything in particular I need to say? I want the money to come off the capital. Thanks in advance.
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Help for dad with arrears
Hey I was wondering if anyone could give me some advice to help my dad. He's 53 with a mortgage that's currently a 69% LTV it's 169k - house price is 241k. He was made redundant last year and it took him 1 year to find employment he used all his savings to pay his mortgage for 9 months (£1259 per month) however this ran…
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Nationwide Nerves
Hey I'm a FTB with my partner and we are going through help to buy in Scotland to purchase a new property. Because we get the 15% deposit + our 5% our LTV is only 80%. We applied for a DIP on the 6th of Jan and it was referred - we had to submit all our documents... but we still haven't heard back yet!! I'm so nervous. Me…
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After buying 2nd place we have 2 mortgages, is this normal?
We bought our flat 10 years ago with a HSBC mortgage and sold it a five years ago to buy a house. The flat still had 20 yrs of mortgage left on it totalling around £66,000. So we got a mortgage from HSBC to buy the new house and used the equity from the flat as a deposit. So we now have outgoings each month of the old…
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TSB DIP declined
Hi I would be grateful if you can provide me your thoughts as to the following issue I have. Basically I am currently on a fixed term mortgage deal which expires in June this year with Aldermore. When I took out my mortgage product I had two defaults of which one has dropped off. The second one has been fully satisfied…
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Concessionary purchase (Landlord gifted deposit)
Hello, Basically me and my partner have been considering contacting our landlord (who is a family friend) to ask if they would consider selling to us. Cut a long story she text me out the blue so i asked who then confirmed she would be willing to sell. As we are already living in the property am i right in thinking this…
