-
Lending Shortfall
I am looking for a bit of advice on how to proceed. We are now on day 38 of working with our broker to try and get a mortgage agreed. It’s becoming quite a long and painful process. We are attempting to purchase a new build property with the Help to Buy scheme. We have checked our credit files and have no adverse history.…
-
Mortgage different to what I signed.
Hi All Hope you can help. I've been paying my mortgage via standing order so set amount comes out. I'm in the position to fully pay off my mortgage 5 years prior to end date. Wanted to settle up, then maybe consider moving in a few years. HEADS UP: My mortgage was with one bank originally and another bank took over. So I…
-
Remortgaging Advice
Hi There! :hello: I very much hope you kind hearted folk may be able to help! Hubby and I are on the mortgage free wannabe journey and are thinking ahead to our remortgage when our current fixed rate comes to an end. We're currently on a 2-year fixed rate at 4.29%, on which we have been making over-payments. We're planning…
-
Remortgaging - Informing existing lender?
Hi, I am on a mortgage with Nationwide (where I have been for the past 10 years, on their BMR - not the higher SMR). Interest rate is at ~2.2%, LTV < 50% and it is penalty free, so I can switch anytime. I am now on the verge of remortgaging from Nationwide to Coventry on their lowest 1.25% variable rate. I have recently…
-
Who are the quickest to process mortgage applications
Hi all, Having a real nightmare with London & Country for a HSBC mortgage. My case manager with L&C doesn't care and only chases HSBC when I badger her several times. When L&C do chase, HSBC take a week to respond back. I'm 4 weeks in, had all my documents sent over in the 1st week and HSBC are just sitting on my…
-
Mortgage Fees
How much can a FTB expect to pay in fees? I.e out with my deposit how much should I be saving for any other costs associated with getting a mortgage. I also have adverse credit, I assume this may effect the costs. Thanks
-
MSE News: Mortgage price war intensifies with HSBC 1.69% five-year fix
High street giant HSBC has launched the new lowest five-year fix rate mortgage on the market - at 1.69% with a £999 fee if you borrow 60% of your home's value....Read the full story: 'Mortgage price war intensifies with HSBC 1.69% five-year fix' Click reply below to discuss. If you haven’t already, join the forum to reply.…
-
First time buyer with no clue over mortgages,should i use independant mortgage advise
First time buyer with no clue over mortgages,should i use independant mortgage advise vs going to a bank direct? What scams should i look out for (if there are any?)
-
Porting mortgage on a 6 month Fixed Term Contract
Hi, I'll try and keep this as simple as possible! We are in the process of selling our home and have in fact got two good offers. We have also offered on a house. In the process i have been made redundant. We were planning on porting our existing mortgage to a lower value property and therefore reducing our overall loan by…
-
Fixed term ending
Hi, I have a 10 year fixed term mortgage ending in may 2019,I will then have a balance of roughly 24k. My question is,could I opt to clear/pay off the balance after my fixed term ends if I'm in a position to do so? Thanks,Chris
-
Interest only mortgage
Hi my son has had a interest only mortgage for around 15 years tge payments are very high and hes struggled yo pay as he has 6children he was never advised to take out a endowment and only found out a coupke of years ago he needed one and the mortgage company refused to allow him to go on a pre paymenht mortgage can anyone…
-
Mortgages and mine shafts
Hi all long story short found a "perfect" house however there's a mine shaft in the garden approx 5-10m away from the house it's self. Mine reports came back and unknown if it's filled or not however it's in the zone of influence but very small risk of any issues which would be covered under the coal authority if anything…
-
Underwriter refused mortgage application (HSBC)
Newbie here....so upset, we've just applied to buy our house through the "Right to buy" scheme....everything went well, the mortgage advisor (HSBC) said everything would go through ok, and saw no problems...so naturally we got very excited. After waiting 2 weeks I contacted the MA at HSBC to see what was going on....it was…
-
First Time Buyer & Foreign Currency Wages
Hi, My partner and I are first time buyers with 10% deposit on a 170k house. I earn 25k a year and him 30k, only he is paid in Euros. We are speaking with two mortgage advisors both of which arent filling me with confidence and seem to think this is a difficult case for lenders, still waiting for them to give us any…
-
Relocating stamp duty on new house
Any advice on this is much appreciated. I own a house in Manchester and relocating to Reading for new job. Current house is on joint name. I want to buy a flat in reading but don't think I will be able to sell the current one and relocate family to Reading immediately. Do I still need to pay the extra 3% stamp duty ?
-
Tax Exempt Salary
I work out of the UK more than 7 months of the year, this makes me tax exempt. Getting a mortgage is very difficult. Essentially my take home pay is the same as most peoples net. Previously I obtained a mortgage with Barclays, they took the salary I receive as a net value and then work out how much tax I would have paid to…
-
Help! Overdrafts and mortgage
Hi, I'm looking to apply for a mortgage soon and I'm wondering if having an arranged overdraft effects this? I have an overdraft of £100 and I get paid weekly. I'm not constantly in my overdraft just occaisnly any one for a few days as when I get paid it clears my overdraft
-
Do I need a Solicitor for a Remortgage?
I am in the process of remortgaging as our fixed term is about to come to an end. We're switching lenders from Natwest to Royal Bank of Scotland. I would have thought it should be quite straightforward - it's just myself and my partner on the leasehold. We also have share of the freehold with one other person who owns the…
-
Chances of Mortgage - Credit dependent
Hi ALL Been working hard to clear all arrears on Loans, credit cards, overdraft, etc. in recent months. All Defaults have dropped off or been removed, as they were incorrectly there in the first place. I have requested to get on the Electoral roll at my new address. However, the only 1 blemish I foresee, is that a Loan I…
-
Offset Mortgage less than savings
This is probably a no brainer but our offset mortgage has now come down to less than the amount of savings we have offset against it. Does that mean we are now paying no interest on our mortgage therefore there would be no benefit in paying it off? If we now overpay on it will that be to our advantage? Not great with these…
