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Mortgages & endowments

Archives for October 2017

Completion before current fixed term ends, help, can I delay this to avoid exit fees
I am currently remortgaging and moving from West Brom to HSBC. Desperately seeking advice...my current fixed deal ends on 30th November 2017. There are early exit charges before this date. I have just received a text from the solicitor (not one we chose, but assigned through HSBC and totally incompetent), saying they have…
2 mortgage payments
Hi, We have just completed on our new house on the 27th of October,is it normal to pay both the last mortgage payment on our old mortgage and the first payment on our new mortgage within a few weeks? It's just we have to pay a combined total of £1300 which is a stretch. Thanks for any help
FTB - What are our chances?
Hello, just looking for some advice. Hopefully someone will be able to settle my mind a little with this. I am in the RAF and I'm looking to buy a house with my wife in the area I am currently based. We are both originally from the next town over and we have a strong support network for childcare for our son for when she…
Nationwide Mortgage Rate
About ten days ago I signed up to a 5 year fix rate with the Nationwide at 2.14% which is due to start tomorrow and today the Nationwide have reduced their rates. The rate I signed up to has now reduced to 1.99% Is it worth me calling the Nationwide asking for the 1.99% or am I stuck with 2.14%? I,m just a bit annoyed that…
Leeds BS Application process
Hi Im after a bit of hand holding here.... I was accepted on AIP with Leeds after it went to underwriter but i dont really know how the process works or in what order Been in full application since last friday and today was asked to complete direct debit form and the consent form to contact landlord etc My only worry about…
Early remortgage or money release
We purchased our house in Jan 17 with a Barclays sboard (100%)mortgage on a three year deal, the house was initially valued at 177000 but we got for 138000 due to work requiring done. I have fully refurbished to a good standard in everyroom and I am current negotiating purchasing a sizeable plot joined to our house, I…
Mortgages on mining properties
Hi, I'm trying to sell my house but there is a mining shaft on the boundary of my property. I bought this house new build 10 years ago and was able to secure a mortgage at that time. Now am trying to sell the house but struggling due to lenders having issues with the mining shaft. Are there any lenders out there that will…
Saving for mortgage deposit
Hi all I am single person and not looking g for anyone now or in the future but would be nice but not going to just for buying a house. I work full time earning 16104 a year but will rise by another £300 after my appraisal in March. I am living at home atm trying to save for house deposit I have about 6 k dotted about but…
Remortgaging costs
Feel a bit silly asking this but what costs are associated with remortgaging to a new lender? I’m currently on a tracker rate with Nationwide so keen to fix it before the base rate goes up. I know they show the set-up fees/valuation costs when you apply for each mortgage but are there other costs? I’ve seen mention of…
Lifetime Mortgage
A recent newspaper article has again pointed out the consequences of taking out an Equity Release Mortgage against the value of your property.It states that a equity Release Mortgage can cost more than three times the sum borrowed after 20 years.Also it states that a loan of 65,000 with interest rolled up,that's…
Remortaging -completed but "old" mortgage not cleared?
Hello, I am after a bit of advice. We completed our remortgage from Halifax to HSBC last Friday. Funds were sent from HSBC to solicitors, solicitors sent them over directly to Halifax. As of today (Tuesday) I can still see our full mortgage balance at Halifax. I am getting a bit nervous as we cancelled our DD with Halifax,…
Remortgage - Quick Question
Hi guys, Mortgage is ending in January, so am looking to remortgage. I have some cash that I can put onto the mortgage, but am uncertain as to when / if / how i'll be able to do this. I can only overpay 10% per year, which I have maxed for this year. I would like to add a further 25k. Will the mortgage provider accept this…
Offset
Hi , I have an offset mortgage . My offset savings account at present has enough in it to repay the mortgage . My questions are should I clear the mortgage? and if the savings account balance is more than the mortgage am I still paying interest on the mortgage ?
Withdrawing a mortgage application and going elsewhere
Hi all Long time browser, relatively new poster. My wife and I have a mortgage application being processed with Principality, however they are taking an age to underwrite and issue an offer (it's been 4 weeks already and we've now been told it can take upto 8 weeks). Had we known about the delay we would have sought a…
Survey before full application processed
Hi We got an AIP from NatWest on Friday and the full application was submitted on Monday with supporting documents. They have already instructed a survey but haven’t checked the documents yet- is that normal? Thanks P
Mortgage affordability checks
My husband owns our current home and has had an offer accepted on another home. He has been verbally told by a lender that they would be happy to give him a mortgage for what he needs pending a credit check which he’s told me will go through with no issue. He’s now saying that he will fail on affordability. I’m fairly…
‘Soft searches’. Do they really not affect credit checks?
I’m looking for a mortgage and often banks/brokers will say ‘we will do a soft search. This will not leave a footprint on your credit file and will not affect your credit rating’. Is this true? I’m always too scared to go ahead at this point but will it really not affect a future application if I do a few of these to find…
Transfer of equity
Hi, I’m currently applying for transfer of equity and the mortgage company have asked for the settlement figure to the outgoing party. Is that just to see if I can afford to buy them out for other reasons? Many thanks in advance
Unaffordable - but cheaper deal?
I currently pay £805 a month for my mortgage, just did a DIP with Santander and they said I am not able to afford to pay £512/month? How can this work out? I do have some debts, but nothing that isn't serviceable, ie, I have not missed a payment on anything over the last 5 and a half years.
Ok getting frustrated now...help me find a decent broker please?
Hi again all, You might have seen my recent frustrated post regarding my broker. I’m now having to start again after a house purchase fell through. The original broker has come up with a deal for me but, as harsh as it sounds, I just don’t trust him (if you read my post you’d understand the catalogue of errors leading to…

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