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Worried about joint mortgage with my overdraft? Any advice please?
Hi I was wondering if anyone has any advice or knowledge regarding this? My partner and I are first time buyers we have got an agreement in principle it's for a 100k house and we have a 5 percent deposit. We have put an offer in and it's been accepted so we now have to complete the full application, my partner has…
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Need help with mortgage redemption charges?!
We are redeeming our current mortgage and switching provider simply because our current provider wouldn't lend us enough. We are confused by the charges on our redemption statement . Can anyone help?!
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Mortgage help - wonga loan
Mortgage advisor has advised us to wait until July to get a mortgage due to a payday loan of £300 in January 2017 (our only one) Background, We both have good credit scores, havent missed any payments on anything (loan/CC/mortgage etc) in over 5 years. Are requesting to borrow within our means, although as the top end.…
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Multiple BtL mortgages in my situation - realistic or am I being led on?
Hello. I have been assisted by a very helpful (as far as I can tell) broker who has arranged a prospective BtL mortgage for me despite my difficult situation of earning <25k. The house I'm hoping to buy is taking months to connect into the chain so nothing has actually happened yet - but I of course have every belief that…
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What type of buyer am I?
I'm starting to research the mortgage market in anticipation of needing it in 6+ months time, but I'm getting rather baffled on what type of mortgage to look at. Everyone seems to be categorised as a first time buyer, remortgager, or someone moving (i.e. with something to sell). I am none of these - but what am I?! I don't…
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Hand house back to Mortgage company and now owe £25k short fall.
In short I handed back the keys to my mortgage company because it was impossible to live in the flat because the other flats in the block were owned by a rouge land lord who had moved in drug dealers. Today I find out that I owe them a short fall of £25k. The orginal loan was for £120k of which I had already paid £10k and…
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The madness of the mortgage world!
I can only post limited information but I just thought this needed to be shared... I have a client who is a minority shareholder in a business. His income is £10k paye and around 5-6x that in dividends. Because he owns less than 20%, there is a well known lender that would only use £10k worth of income when assessing his…
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Scottish Lift scheme
Trying to get the steps sorted in my head. Hopefully someone can help. LIFT have agreed in principle to us being accepted to open market scheme awaiting updated home report on property we want. The mortgage company have given me my decision in principle. The agents for the seller have an offer dependent on finance being in…
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How can I buy another property?
I was the mortgage "mainstay" when I bought a house with my ex (the bank offered me a higher mortgage on my salary alone than they were willing to offer us a a couple due to his age). We bought a house with 30% deposit - 20% my capital and 10% his. House cost 220k, bank were offering to lend me on my own 500k I've moved…
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Will any further checks be done?
I received my mortgage offer today. Between now and completion, will NatWest do any more credit checks or anything nearer the time?
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Mortgage Help
Can someone offer some advice on the following info. We are first time buyers We have just put a reservation fee down on a new build We have a 85% deposit on the 157000 purchase price My partner had a car on finance 7 years ago and unfortunately was made redundant which led to her missing some payments. She has been slowly…
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Mortgage with money to fix issues
So me and my fiancee are first time buyers and we've had a really nice house which has had an offer accepted of £175,000, with a £10 deposit. However this property is old/unoccupied and has some rising damp issues on the rear wall. I'm currently negotiating a possible discount on the price to fix the issues, and I've heard…
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Finally! WahoO!
Hello :) For those who have followed my 'journey' I have, today, switched my Mortgage with Nationwide. I have decided to go for; 5 Year Fixed at 2.09% £335p/m - Remaining mortgage £66.3k I will also be making my monthly payment w.e.f 1st April £617 (Overpayment of £282) I fathom - Correct me if I am wrong £500pm Capital…
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Reasons for denial?
Edited - Never use HSBC
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Should I stay or should I go?
Hi folks I would appreciate hearing some different opinions about what I should or could do with my mortgage. My situation is: • Bought house three years ago, fixed three year deal at 3.99% which meant repayments of £568 a month. • Fixed deal has now ended. I have reverted to the banks variable rate of 2.75%. This is…
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Interest Query
Hello I am due to remortgage this afternoon and have the following question: Rate 2.09% Amount: 67000 Monthly payment: 342 How much of this is interest per month? I calculate £117 of the amount paid per month is interest? Is this correct? Basically I want to make the following OP Monthly: £617 So that if my calculations…
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Worth installing new central heating for remortgage valuation?
Morning all. We're coming to the end of our 2 year fixed nationwide mortgage, which was 95% LTV. I've used the Nationwide general house price index thingy (site won't let me post the link as a new user) and it's showing a 10% rise in prices for the area. Question is, how accurate will an actual evaluation be? For example…
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Incorrect valuation to remortgage
My 2 yr fixed is coming to an end in April with nationwide. I bought my flat at 88.5k on 90% LTV. I have been paying £396 at 3.3% something They are telling me it's only worth 94.5 based on prices index. This I think they said is 80% LTV and on 2yr fixed with £999 fee 1.64% is £334. £250 cash back. I have not seen…
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Morgage adviser or Natwests?
Hi We have just put an offer in for a house we previously viewed and viewed again as previously got a declined offer, the estate agents are sorting a solicitor out for us as the other one we were looking for they said was very pricy. We went into a mortgage advisers and they said they can book us in Saturday to take all…
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Complicated Mortgage situation
My partner and I have 2 children and we live in a house I originally bought back in the 90's with my ex-wife. After getting divorced and my new partner moving in, we bought out my ex-wifes share of the property, paying her £35,000, half of the equity. She has signed receipts for each payment and a final letter…
