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please help cant work this out please help
we asked for a final figure to pay of our mortgage with co op building society was given figure of £25788.18 we are on a fixed rate of 2.64% then would have 7 mths on there base rate we pay £497.76 per mth of i x this by 48 =£23892.48 with the last 7 payments if i x this by the same amount =£3484.32 if i add these together…
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Mortgage (moving house) when signed off sick from work
Hi! I currently have a mortgage with around £70,000 equity. I've had an offer accepted on a new house and a mortgage promise (Halifax). My latest 3 months wage slips show Stat sick pay / occupational sick pay as unfortunately I have been off work for the last 4 months. Halifax are now asking to see another latest payslip (…
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Mortgage Offer Condition Evidence
One condition of my mortgage offer was to repay my student loan which I was paying to Shoosmiths on behalf of Erudio and send my lender original proof within 14 days. My mortgage started on the 22nd June, I cleared the loan on the 23rd and asked they send correspondence confirming this. I still hadn't received this by the…
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splitting up
hi there. i have a mortgage with my now ex partner. we both still live in the property as neither wants to leave. after months of going back and forth she has now decided that she will accept my offer to buy her out. i have the money to give her but i cannot remortgage at the moment to get her name off the property as i…
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Best Remortgage deal
Hello, We are looking to remortgage on a help to buy which we had for years, seems its difficult to move and our current provider is Halifax who we pay £672 per month, the new deals are: 2 year fixed 1.54%, no fees, payments approx. £623 per month 5 year fixed 1.99%, no fees, payments approx. £654 per month This can be…
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DIP expiry question
We had a DIP from Nationwide on 23/4. Had an offer accepted on a house 15/6 but needed to borrow more so had to call up Nationwide for a revised DIP. It's taken a while but we finally got it today. However it says it expires on 23/7, which isn't long. They couldn't give us a full mortgage application appointment until next…
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Mortgage after a debt management plan
Have people been able to get a mortgage after being on a debt management plan.? My husband is currently on a debt management plan, we hope to have everything paid off in the next 12 months, we would then like to move house. We have never defaulted on our mortgage, in fact we have been making overpayments and my credit…
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Nationwide Down Valuation.. Please help !
Viewed a property and offered the Full Asking price. Mortgage approved for Full asking at £170k (2 bed flat) (Property lease has a clause about not subletting the property). The solicitor made nationwide aware of this and they have reduced the offer by £10k. Now the Nationwide has down valued the property by £10,000 making…
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Problems with moving to temporary accommodation while refurbishing?
What exactly, if anything, should you tell your bank if you plan to buy a property, but not move there right away, and either continue renting (if you are renting) or moving to a temporary rented accommodation for a period of 2 to 3 months, while you have the new property refurbished? I am not talking about buying a…
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BtL mortgage rental assessment came back low - any way to "appeal"?
The valuation/rental assessment for a property I'm trying to buy has come back about 20% lower than I need, and than I think is reasonable. I suspect that the valuer in this case has given me a figure based on family let, but in fact it is in a prime student area and will be let for much more. I very recently was granted a…
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Mortgage applicaiton when moving jobs/cities
Hi all, Hoping someone can help with a query I have. I'm a first time buyer, relocating from London to Manchester. I have an approximate 20% deposit, and several job interviews lined up. I am currently in full time employment in London. I would like to buy as soon as possible rather than get tied into renting for a minimum…
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Lenders - what searches?
Hi, So we are in the process of buying our new house. We have had our mortgage offer/valuation been done etc. We are currently awaiting a couple of searches and for replies to inquires. My query is, what then goes to the lender? We live in a coal mining area so will need to have coal reports done. I understand the lender…
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Banks right to inspect mortgaged property.
Can anyone tell me if the clause in a mortgage contract which says the bank has a right to inspect the property at any time and force repairs? The house is in the UK. We are going to have to remortgage with the same blasted bank (don't ask) as other avenues have dried up and they have this clause in their mortgage. Our…
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Help re final month mortgage payment
I have a mortgage with Halifax and it is due to complete this month. I checked my online mortgage Transaction History yesterday and it showed the following: 30 Jun 17 Interest 1.02 (Out) Balance 0.23 1 Jun 17 DD 346.92 (In) Balance -0.82 31 May 17 Interest 2.20 (Out) Balance 346.10 I rang up the Halifax mortgage department…
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The New Build Waiting Period
Morning! My wife and I have been accepted for our mortgage and concluded missives on our new build house ( :j ) . We were told by the mortgage advisor to not take out any more credit with concern for the mortgage application falling through in late-2017. I don't know if this is a standard statement or has been said to us…
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Gifted Deposit/ Issues with in-laws
My partner and I bought our house nearly two years ago, with a large deposit from her parents, in lieu of her waiting for it as inheritance. This was done as a gifted deposit, with them taking out a second charge on the land to protect my partner's interest in case we split up. The money would only need to be repaid if we…
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The cost of getting a mortgage or loan.Arrangement FEEs
When did it become normal to charge an arrangement fee when applying for a loan. I can remember asking my BS for a mortgage and don't remember there being an arrangement fee. I definitely would remember fees in the thousand pound range,. Why would you need to pay extra for a loan as I thought they made their profit from…
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Complaint paid for Homebuyers bank provided basic and now I am out of pocket
Thanks for reading............ I would like some advice we upgraded our basic survey to a homebuyers and paid for this service. Icalled the surveyor the day before who had no record of this being booked so called the mortgage provider who assured me it had been swapped to a different provider but was still a home buyers…
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Mortgage with Parents - Now want to move out with wife
Hey guys and girls :) I have a question regarding my mortgage situation and I am in a predicament about my next steps. Currently I have a joint mortgage with my mum. Due to the value of the house and financial situations with my dad at that particular time; we decided to go for a mortgage in mine and my mums name, however,…
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Absolutly deflated! Broker woes & mortgage decline
Totally deflated as we found out today that our application with Santander has been declined because I don't have 3 years company accounts for my Ltd company!!! We applied through a broker and he knew the situation and can't believe this has happened - he is now on holiday for 2 weeks!:mad::mad::mad: What advice can anyone…
