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Equity for home improvements when moving?
I now know from my other post that we can use our equity in our flat sale for fees for the new house. However, I have a further question. We were given a DIP based on deposit for £64000 which meant we could afford home at £285,000 with mortgage of £221,000. Now buying home for £283,000, are we able to keep 2k of the equity…
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How far do lenders look at quotes for Home imp?
I’m currently remortgaging to do an extension. We have been asked to provide a quote for the proposed work. How much to mortgage companies scrutinise the quote? For example do they contact the company that gave you the quote? Do they comment on whether the quote is reasonable or not? Are you committed to using that…
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A First Time Buyer story so far....
Hi all, Just thought I'd make a post about our story so far. Basic details are, -Live in North Yorkshire -Joint salary £41,000 a year -23 & 25 years old -A 2 year old daughter -Partner had a £535 CCJ from Jan 15 and satisfied Nov 15 -Partner started new job in Sept just gone. -No debt We found a house we liked for £160,000…
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Questions about additional borrowing
We're currently 3 years into a 5 year fix at 3.99%, mortgage has 17 years to run in total. If we stay with the same lender but switch to a lower LTV deal we will qualify for either a 3 year fix at 1.54% or a 5 year fix at 1.79%. Unfortunately this will cost us nearly £5000 in ERC (which our lender says we need to pay…
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Equity in flat for moving fees?
My husband and I are moving house and will be porting our mortgage with Nationwide as we are still in a fixed product. Our DIP was for £221,500. We have sold our flat for £257,000 and have a current balance on our mortgage of £185,000. We were going to use some of the equity to pay for fees etc. as well as for some home…
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Best position for Re-Mortgage
Hi All, Hoping someone can give me some advice on the best way forward as predicting what Mortgage companies are going to rate you on seems impossible. In summary come March next year we are going to be looking at re-mortgaging our house which will also need to swallow up our 2nd Mortgage. The reason we are waiting until…
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Mortgage with defaults
Hi everyone, I'm after a bit of advice. I'm hoping to get a mortgage in the next couple of months with my husband. I have no defaults or bad credit, no loans or HP and have quite a large deposit (approximately 30% of the house prices I'm looking at, from the sale of my previous house). My husband has 3 defaults (2 of which…
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which outgoings do they take into account in mortgage applications apart from bills?
As above, we're looking to apply for a mortgage next year and I'm wondering which outgoings all providers seem to take into account for example tesco seem to take into account food spending and clothing so is this something we should expect from all providers? So we know where we could try and further cut down as we've no…
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Has Santander lied to me?
[FONT=Times New Roman, serif]I am moving house shortly and wish to port my existing mortgage to the new property. The mortgage is for .>£90,000.00 so LTV is about 12%.[/FONT] [FONT=Times New Roman, serif] [/FONT] [FONT=Times New Roman, serif]To this end on 18[/FONT][FONT=Times New Roman, serif]th[/FONT][FONT=Times New…
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Remortgaging months in advance of Fix rate period ending
Hi all, would really appreciate any advice on whether any lenders will let me remortgage to them and lock-in their current interest rate for a new fixed rate deal, 6 months before the remortgaging actually takes place. My circumstances are: - 2 year fix with HSBC ends on 30 April 2018. Early repayment charge if I switch…
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Considering Remortgaging Help!
Hi I am going round in circles of indecision help! Current Mortgage Brittania 5 year fixed 2.79% expiring 30/4/18 1% ERC Outstanding £73700 Est valuation £204000 Called L&C they said usually advise wait but would look taking into account of fees, I said was worried about my income as housewife with tiny amount of child…
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mortgage calculations
Please can some help and explain We have a repayment Morgage of £31001.54 With 5 yrs and 8 mths we have been told payments 63 X £498.16 @2.64% Then 4 payments @4.49% @£489.99 Says overall cost to this Mortage is £33379.04 Says we pay back £1.08 for every £ borrowed The over all cost is 2.7% for comparison Are these figures…
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Mortgage broker fee
I used the service of a mortgage broker in February this year after we found a house we were interested in buying.The broker clearly said that there would be no fee,they would get commission from the mortgage lender and that was that.Unfortunately the seller has pulled out and now the mortgage broker has sent me a bill for…
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Discharged BR, possible mortgage??
Hi all, I’ve been discharged for 15 months and I’m wondering if there are any mortgage companies out there that would consider myself for a mortgage? I earn 36k and can draw around 30k for a deposit to put towards one. Any advice would be greatly appreciated. Regards
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Barclays Fixed Rate Mortgage increases annually
Hi, We have a fixed rate mortgage with Woolwich. Last year on the annual summary statement, Barclays (Woolwich) tried to increase my monthly mortgage payment. We never miss a monthly payment so I could not understand this. I called them last year and their Woolwich mortgage people said they made a mistake and amended it,…
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House buying nightmare!
I have been in the process of buying a house for 6 months. It has come to light that the owner does not possess the rights to sell a section of her property as it belongs to a private housing association AND the Welsh assembly!!! No one can tell us how long it will take for the seller to acquire the land and we are just…
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How can I find a LOST endowment ?
I am hoping someone on this site can help me. Back in 1992 I was a newly divorced young woman & I was fairly clueless about money(financial wisdom and maturity hadn't yet kicked in). I purchased an endowment policy/mortgage when I bought my new home. I bought this from my uncle who worked for Cannon Lincoln because I felt…
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Halifax Mortgage and PDL
Hi. Has anyone recently had a mortgage application accepted by Halifax after using pay day loans? I stupidly took out a pay day loan a few months ago (paid it back on time over 3 months) in order to get money quickly to help a struggling relative and now my partner wants us to apply for a join mortgage and move house. I'd…
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House Purchase - Mortgage and Family loan Complexities.
This is a first post on this forum as I’m seeking some advice on a forthcoming house purchase which is more complex than most.. I will try and summarise in as little text as possible to avoid confusion (and sending readers to sleep!) Essentially it’s a new build purchase, we are due to exchange contract in 3 weeks and have…
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Mortgage for bad credit
Hi there, I have just sold my house and have 50 k deposit for a new property. I have seen a lovely new home for 350 - with the help to buy scheme I need a mortgage of about 250 ish.my problem.is - I have only secured a well paid job and have 2 outstanding pay day loans and mortgage arrears. As soon as I complete on my…
