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How Long should I take a mortgage out for
Hi all, I am getting mixed messages from friends and family. currently looking to buy a house (1st time buyer) I am 30 my partner is 28. so when looking at mortgages, I don't know how long I will get a mortgage for (40 being the longest, and I will certainly still be working by then imo) however I don't know if I would be…
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Final check beforemortgae released
What are these. If we were credit checked on Tuesday and completion is around 1 November (exchange around 7 octob r depending on mortgage offer time ) will another credit check be done. I've got a course to go to in London which fees etc for train accommodation will go on credit card start oct but won't get paid back off…
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Pay lump sum off mortgage or wait?
Hello, I have had a £110,000 interest only tracker mortgage at 1.5% with Barclays (woolwich) which is 1 year away from ending (the house is worth about £250,000). I am 50 and I have just had a £50,000 payout from my endowment. I will receive about £90,000 gratuity from a pension in 10 years time. I also have options of…
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Paying off mortgage process
Good morning, it's been a long time since I've posted on here. The opportunity has arisen for me to pay off my mortgage. Can any of you knowledgable folk advise me of what the process is? Do I have to use a solicitor? Are there standard fees? What's your experience? I've asked for the statement from my mortgage company…
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Mis sold mortgage ???
Hi all, I'm new here and seeking some help. I think I was mis sold a mortgage, I'm not sure if I have run out of time or I am barred from doing anything about it now, I've not been best equipped to face upto much recently. Simply ... in 2006, earning only 20k a year, I saw a broker and he arranged a self cert interest only…
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Kensington Mortgage help please
Hi all , Our story is a bit complicated. We currently selling my husband's flat , after the sale we should make around £48k. Because of he's bad credit and a 2 x 5.5year old CCJs wedecided to go with a mortgage broker company ( AMS). 1 ccj will G!l of in December and the other will fall off from his report in June 2018 ,…
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Am I being shafted by mortgage broker
Hi, Not sure if this should live on the insurance list, it is related to life insurance... but it's more like, I've been screwed over by a mortgage broker. 2 years ago, I used a mortage broker to remortgage. He was ever so keen to sell me insurance - I was tempted in with a fee waiver.. stupid of me I guess but I went for…
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Mortgage deposit audit trail
I and my wife have saved aggressively in tins for over 2 years as part of our mortgage deposit, opened up the tins when we started looking at properties, we managed to have saved up a little over £10,000. This was deposited in the bank as we knew once we found a property they will ask for an evidence for the mortgage. Now…
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25% LTV to buy freehold
Mother lives in house mortgage free, but wants to buy freehold. Total cost is about 40k Freehold house would be between 160 to 200 She is on pension She wants to borrow against the property to buy freehold. Any suggestions if this is possible and where to start looking?
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Final Checks before Mortgage money released
What final checks are done before banks ( Natwest) release mortgage money at completion ? I know they check no more credit has been taken on, anything else ?
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Term reduction with outstanding debt
Hi everyone, My fixed rate is coming to an end and I can change from next month without an early repayment charge. I have decided to stay with the same lender (nationwide) and was hoping to reduce the term from 30years to 20. This would still give me a lower monthly payment than I've been paying for 5years. If I do this…
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Foreign Income....
I am employed in the U.K. But also work in Norway (employed) for 2 months of the year. We are struggling to find a lender due to the foreign income and tax paid at source. We have spoken to a mortgage advisor and they are running out of ideas. Can anyone else offer advice?
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Gifted deposit solicitors
So this is what happen, Full application for a mortgage done. Solicitors sent me a purchase form with a section for gifted deposits. My father has sent me from abroad 150.000£ to invest in property and I'm going to use part of that money as a deposit for this house. Can i put the full amount of 150.000£ on the bracket "…
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credit rating
hi my son and wife tried for a mortgage and where declined as there credit rating was low and they needed 15% deposit which they havent got they where told because they hadn't had a loan on a credit card and repaid itthat is why they needed 15% deposit! but if they had multiple loans with a credit union and repaid them all…
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Interest Rate Rises
With the likelihood of an interest rate rise, I imagine to 0.5%, is it worth looking to renew my mortgage now despite being in a fixed term until July 18? Last time I renewed interest rates were 0.5%, so I am mainly wondering whether it is worth looking to pay an exit and arrangement fees. Currently 30y 9m left on mortgage…
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Precise valuation
Do precise underwrite before or after valuation? Just received notification they have instructed valuation and after two years of planning this still quite can't believe someone may lend to us
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Mortgage/IVA
Has anybody had any experience in getting a mortgage after being in an IVA? My IVA was 8 years ago so has long dropped off my credit report, however my mortgage broker is pushing Halifax as a lender who were one of my creditors on my IVA (credit card debt)! Will they still hold records of me?
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Borrowing money to buy a new house before selling old one.
We own a house (mortgage free) in London, and some time in the next year or two want to move away from London. Our house in London looks to be worth £150,000 to £275,000 more than the kind we'd want outside of London. Now if we just sell our house in london and buy one outside on the same day, this is simple. However I'd…
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Tesco Mortgages
Hi nGuys Quick question.... Do Tesco allow applicants to own more than one property when mortgaging with the. I've seen a 5 year fix with them that is tempting. Thanks S
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Getting a new credit card just before mortgage application
Hi, I was wondering if anyone could answer my question in relation to mortgages and credit cards. We are in the process of saving for a deposit for a mortgage and should be there in approx 4-5 months. I was looking at purchasing something and the cheapest way for me is to purchase on a 0% purchases credit card. My question…
