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gifted deposit
Hi there looking for some advice before i go mad!! we are buying my mother in law's second house- we have been renting for 3 years now and want to buy it. she is gifting us the deposit of 10% the market value is 160k and 16k deposit leave 144k mortgage. We were in the closing stages with halifax to which point they had not…
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gifted deposit
Hi there looking for some advice before i go mad!! we are buying my mother in law's second house- we have been renting for 3 years now and want to buy it. she is gifting us the deposit of 10% the market value is 160k and 16k deposit leave 144k mortgage. We were in the closing stages with halifax to which point they had not…
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Mortgage rejection
I have recently had my mortgage application rejected with Danske bank for something I never thought would even affect it. Getting an insurance quote from compare the market. My credit history is excellent, never missed payment on credit cards despite having multiple lines of credit. Mortgage is <3 times annual income.…
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Query on shared mortgages
I would like to buy 20% of a property from a friend as an investment. There are two other owners who each own 40% outright (ie. no borrowing). I've tried a few mortgage companies to see if I can borrow the £130, 000 for the share, but even companies that specialise in shared mortgages seem reluctant to lend as the other…
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Overpay mortgage or pay 0% credit card.
Morning all, I'm 8 months deep into a 30 year mortgage and have around £4000 sat on a 0% credit card for 28 months. I'm always getting 0% offers through from my other credit card providers so shifting the debt around long term shouldn't be a problem. I can afford to pay £150 a month on either the credit card or my…
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First mortgage payment
My wife and I are due to complete on our first house purchase this Friday (24th). We are trying to work out how much our first mortgage payment will be. Am I right in thinking the following; If we set our payment date as the 26th of the month the first payment will come out on the 26th April which will be our standard…
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Mortgage offer and mobile phone search
So I've searched the forum for this topic and come across a few threads that are similar, but am still not sure on the right answer. In the process of buying a house in Scotland, missives concluding as we speak, should hear back a confirmation that it's a done deal today. Date of entry should be 5th April. Our mortgage…
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Nationwide or HSBC? Which Lenders Give Good Rates to Existing Borrowers.
I'm comparing two almost equal mortgages but wondering what lies at the end of the term. Which of these two treat their existing borrowers better? HSBC or Nationwide? There's a .20% difference but the fee and broker service almost balance it out. Rates available to existing borrowers and the lender's reputation will tilt…
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Mortgages and family gifting
hey folks, Apologies if this is in the wrong area. Due to a death in our family my parents are looking to gift me and my brother some money. We've had a look around and understand the inheritance rules around the gift so we have a reasonable grasp on the implications. However my mother wants to add some conditions to the…
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Mortgage approval when in overdraft
My boyfriend and I are looking to buy our first house, hopefully starting the process over the next few months. However, my boyfriend has 2 accounts where he is in his overdraft. One account, he goes into marginally on a monthly basis and the other one he doesn't spend out of, yet is £1000 into it. He has been putting…
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Nationwide
Hi there I've just been accepted for a mortgage with nationwide on a 5% deposit?? Also they have only asked for 3 months payslips? Is this normal? They have already done there credit checks as well!
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Transfer of equity to partner Halifax Mortgage
Hi All We were about to do something that we thought was going to be really simple but is proving difficult bordering on impossible. My fiancee who lives with me in my house has just sold her house and got a nice lump of equity which we want to use to reduce my mortgage from £136k to £45k. Because like me she is a divorcee…
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Broker or Direct?
I've decided on a 5yr term thanks to all the good people of MSE! I'm now torn between these two; 2.14% broker deal with #500 fees or 1.94% direct with #749 fees. The difference over 5yrs is #1,030. It's an amount I could use to buy furniture but then I get a mortgage broker to guide me through the application. The other…
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CIS endowment payouts
i have a 25 year endowment which matures in December 2019. I pay £70 a month with a sum assured of 40k. been getting red letters for last 12 years and received compensation many years ago but still kept the policy. has anyone had a payout from a policy which has recently matured and how much was the terminal bonus.
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Coventry Flexx vs Tracker
Afternoon all, I'm hoping for a little advice. I'm looking to purchase in the near future, currently looking at properties in the £240-50k range with a deposit of £70k ready to put down. I'm not interested in the 2-5yr fix options and was looking at either a tracker mortgage with Santander or a Flexx mortgage with…
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Halifax Mortgage
Quick question, if a valuation has been instructed does that mean I've passed the credit scoring etc or are they likely to come back with wanting more info? I'm using a broker.
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one mortgage offer accepted wanted apply another better mortgage deal
I have accepted mortgage offer issued by Santander later found HSBC is giving better rate for mortgage. Is it okay to apply for another mortgage with HSBC? I am not sure if there is any catch?
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Mortgage with adverse credit
Hello all - I am after some advice if possible. My husband and I were hoping to get a joint mortgage with the HTB EL scheme. Husbands credit is almost perfect, however mine is adverse due to having two defaults on my credit file :( Default 1 - Applied in May 14 @ £283 (Settled) Default 2 - Applied in September 15 @ £2480…
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Consolidate loan into new mortgage?
Hi all, My 2 year fix comes to an end August 31st. Outstanding mortgage balance £180,300. Current term left is 18 years 7 months. Current mortgage repayment is £997 at 2.29% (fixed rate). When I took out this mortgage my property was a 1 bed flat (worth £290k) It is now a 2 bed flat after I borrowed to make the changes…
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so upset and angry
so we moved into the place we got left by a parent we needed to take a remortgage out to buy someone out off there share all good to go to aply for the remortgage and noticed this morning that virgin media have place a late payment mark on the crefit file we paid they even said on the phone it shouldnt be there has this…
