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Mortgage Advice - complicated situation
Hello all! I'm hoping someone could help to advise before I go back to my Mortgage Advisor... Long story short... I'm married but want a mortgage without my spouse. I earn £33000 a year but pay out £243 a month in childcare vouchers. Currently £10000 deposit. No debt or other credit commitments. One credit card - virgin -…
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Remortgage - low valuation
Hi, We are in the process of remortgaging to save on our current rate which has deferred to the SVR. We've found a mortgage that we are in the process of looking to move to but the valuation that the bank has carried out has come back with a valuation that is less than the current provider values the property at by a…
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Remortgage on a fixed rate
Hi In theory, if I had a 5 year fixed mortgage, with the same lender could I remortgage and take out 100k during the fixed period. Is this possible ? Thank you
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Guardian Royal Exchange endowment
I took out an endowment with Guardian Royal Exchange in the mid 1980's which lasted nearly 20 years. I paid an extra premium to ensure that it paid the guaranteed amount fixed in 1984. I want to enquire if I have paid them PPI but don't know who to contact now. Can anyone help please?
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Halifax mortgage with a default
Hi all this is my first post, my application for a 30% shared ownership property has been approved by guiness, value of 30% share is £84500 I am putting down £29000 as a deposit and require a mortgage of £55500, my annual salary is £26775 and have a permanent job, I am single, no loans and credit cards, live with parents…
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Joint Mortgage for Family Member?
Hi, A parent of ours is looking to buy a property and has a large deposit, but as they are close to retirement (~5 years) little hope of getting a mortgage. Can anyone help with what the implications would be for us to provide the backing (and possible monthly payment) for the mortgage and them to put down the deposit? The…
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ERC question
My Halifax mortgage has early repayment charges as follows: 3% of the amount repaid on or before 30/09/17 2% of the amount repaid on or before 30/09/18 I don't understand this. If I pay a % of the amount repaid, does this mean I pay either 3% or 2% on the mortgage repaid to date (repayment & interest) or am I…
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Remortgage
Hi all My mortgage is due for renewal in few months. I pay 1300 a month at present and mine and my mrs salary combined is 3500 My query is I paid of my car finance last month so have no savings what so ever and currently saving 1500 a month but as my mortgage is due in two months I probably have only £4500 in savings.…
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Non-portable mortgage ERC advice
We're currently in our 2nd year of a HTB equity loan mortgage and we're considering moving to a bigger house. However, our mortgage is a 5 year fixed-term with Leeds and we've only just noticed that the mortgage product is non portable. Does this mean we'll have to suffer the ERC charges if we move within 5 years - and…
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Halifax mortgage with a default
Hi all this is my first post, my application for a 30% shared ownership property has been approved by guiness, value of 30% share is £84500 I am putting down £29000 as a deposit and require a mortgage of £55500, my annual salary is £26775 and have a permanent job, I am single, no loans and credit cards, live with parents…
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Which firms will lend me the biggest income multiple
I am looking to move to a larger property due to personal circumstances. I earn £27,800 a year of which £2000 in guaranteed bonuses. I have had a mortgage on my existing property for 10 years which I will be selling. I will have round £70,000 in equity to play with. But I need a largest budget as possible so could you…
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Buy to let remortgage bad credit
Hello all I need advice, I have a buy to let property that I have owned for 13 years, I have a £200,000 mortgage and the property is now valued at £450,000. I also have a £380,000 mortgage on my home that is valued at £1.5 million. My business hasn't done very well for the last couple of years and I missed a few payments…
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Buy to Let Mortgage for 21 Yr Old
Whilst still living at home, I would like to buy my first property and rent it out until I either I want to move into it myself, or purchase another property. The only problem is, from what I've read it seems fairly difficult to get one at my age. I've been regularly searching to find somewhere to buy, and have not found…
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ERC mortgage
Hi there been waiting for my ERC refund of £4300 to be payed back and had to chase halifax up about it as it would of never have happened... anyway they said it would be in my account in 10 days so been waiting then was checking my accounts and on my mortgage it was funded in there and not my banking account.. it that…
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Exchange/complete same day
I was hoping someone could help with this query. I've emailed our mortgage broker but don't expect a reply until Monday. We have a mortgage offer from aldermore and are first time buyers buying a vacant house. I have asked our solicitor if we could exchange and complete on the same day as it's such a simple chain. However…
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Accord mortgage criteria payslips/bank statements
Has anyone had any recent experience with Accord? I'm shortly to apply for FTB mortgage, 68% LTV looking for a 2 year fix. I'd just like to know what documents they routinely request, especially if they look at bank statements? I've been tidying up my statements for the last 3-4 months but want to get the application out…
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Solicitor lost me thousands
Hi Guys, This is my last roll of the dice for my endowment mortgage. Long story short, pursued everyone involved with endowment for misselling but could never prove who actually sold me policy. Tried no win no fee firms etc but they would hit 'brick wall' as no way of knowing who sold me policy all parties involved denied…
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Mortgage direct debit not come out of bank ?!
HI new to MSE. Mortgage DD was due out yesterday and they did not take it, i rang bank to see if a DD had been taken and returned they said no. Rang mortgage company today they said the did not know why it hadn't been taken, so i paid over the phone. The thing is i am really worried as we sold the house last month and have…
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Additional Borrowing, got AIP, bank statements messy...
Hi We are planning on porting + asking to borrow more money. We are with Natwest. We have got an AIP with them for the right amount, but I'm a bit worried about how our bank statements look recently. We recently got married. Tried to be MSE but still depleted the savings we had and meant we spent what was coming in. We…
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1st Visit to mortgage broker
Hi, Son is hoping to get mortgage for shared ownership. It is from a HA so no rent to pay just mortgage. We are having a first visit to a mortgage broker - can anyone advise what to take with us - is it bank statements, proof of savings, payslips - anything else? As we don't own bit new to all this!
