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Increase in monthly payment- notice required?
My bank has increased my mortgage payment at the end of my deal which I expected to happen. But they did not give me any notice of the new amount due and collected the direct debit on the usual date, taking the new amount. They have now written to me 19 days later telling me the new amount, saying there was an error…
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Halifax vs Nationwide Mortgage
Hello, I'm trying to buy a Shared Ownership House which costs £125,000 for a 60% share and initially went with Halifax but the valuation has come back saying its only worth £112,000 for the 60% share an so won't offer me a mortgage on the original terms. This valuation is obviously wrong as another house across the road…
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Mortgage audit
Can anyone help: had a buy to let mortgage with 2 other person, they wanted to come of the mortgage so I applied for a remortgage in my name, went through a broker gave the broker all the necessary documents. Got accepted for a mortgage with mortgage works. On the day of completion all of us signed the documents. Solicitor…
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Mortgage Employer Reference
Hope someone can help. I am awaiting a mortgage offer from a Building Society. They sent a reference request to my HR Manager on 6th February and so far he has not returned it. I emailed him on 15th February and he told me that he would send it the next day. I have been onto the mortgage company all this week and they have…
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First Time Buyers With CCJs
Hi, First time User to this site.... Me and my partner are looking at securing a mortgage however due to past financial difficulty i have 5 CCJs (all satisfied) highest been 400 pound. They are all over 12 months old and all where paid in January of this year. We are looking to use the help to buy scheme. Our joint income…
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Buying House - Deposit
Hi, I am looking at purchasing a new house in Scotland that has had a home report completed and has a value of £220k. The sellers circumstances have changed and they are looking for a reduced price of £205k. Would I still need to put down a deposit??
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Remortgage or Overpayments
Hi all, Firstly, if this has been asked/answered before or if there is a general thread on this topic, please let me know and I'll go find it (couldn't spot one though). Also, I realise there are a lot of variants at play with this type of query - but I'm now in a position to remortgage onto another fixed deal if I choose…
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Can I use a private pension for a mortgage deposit
Hi All, I'm new to this forum and hoping I'm posting this question and advise on the right forum chat... Here goes.. I have a private pension here that I froze back in 2007 when I left to live in Australia but have now returned and been back here for over 2 years. We are currently renting a property, but we dont have…
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Remortgage 5 or 10 years fixed dilemma
Hi all, I wonder if you can advise on something very simple for others, but not for me? I have bought a house for £220k, had 10% deposit. My house is currently (according to HPI) worth £240k, which means my equity (deposit) is 25%. I cannot really overpay on the mortgage and it will remain at 20 years length. I am torn…
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Halifax sealng fee £50.00
I have been told that I have to pay £50.00 sealing fee when my mortgage finishes. Does anybody know what this is? I can see nothing on any paperwork in relation to this so am not sure why I have to pay this? Thanks for any help.
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santander tracker deal ending
I took out a tracker deal with Santander for £35000 two years ago .The mortgage was for 12 years from July 2016 .!.9% interest for two years then SVR. The tracker will be ending in July . I still owe aprox £25000 . Is it worth remortgaging ? This mortgage had no fee and free legal .
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Savings v mortgage
If my savings interest rate is 2% and mortgage interest rate is 1.98 % is it worth overpaying ? I don't get penalised up to 10 % of balance outstanding?
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Interest Only Guarantor Mortgage - any lenders ?
Hi all I know a FTB who has a 40% deposit, but needs interest only and also a guarantor arrangement due to low income. Would any lenders provide this?
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Should I wait for MIP
Hi I'm looking for some advice. Ive recently been gifted some money and in the last 2-2 and 1/2 weeks I've paid off nearly all of my credit card debt (about 15,000). I will have enough for a 5% deposit in the next fortnight as well. I've made an appointment to see a mortgage advisor but I would like to know if I should…
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remortgage via no fee broker
My broker has just submitted a full remortgage application to Barclays for a 5-yr product with a £999 fee. I hope everything is alright and I get the amount I need (for renovation) at the rate I want. I do have a question though. What if I don't get the amount I need and the offer comes back lower, or for whatever other…
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Scottish Widows Endowment and divorce.
I have a endowment policy mature with Scottish Widows which I have been paying for the last 25 years. I rang and they want my ex-wife to agree to release the money however I got divorced over 20 years ago and have no idea where she is. I moved away from the area we lived in and have no connection to anybody who may know…
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Help to Buy - Fair Credit Rating
My girlfriend and I are in the process of securing a house. We have the necessary deposit in place and we have been approved for help to buy, however I currently have a Fair credit score. I went over my old student account overdraft limit and therefore ‘missed’ 4 payments. This was only £60 over the limit however it has…
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Lender approval
Hi We are waiting on lender approval for rectified deeds.. Anyone know the timescale on how long this could take ?? Solicitors are saying months! We are waiting to exchange! Help!
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Re-mortgage after ex puts mortgage into arrears
My sister's ex-husband has put their joint mortgage into arrears. She has now paid the arrears herself to avoid his default on the mortgage to impact her credit rating. Unfortunately, as it's a joint mortgage then she is impacted. They have had the mortgage for over 15 years with no payment issues until they went through a…
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In need of URGENT advice...
Long story short, I am trying to purchase a new property. Have seen an independent mortgage broker who has organised our mortgage in principal. Spoken with the agent to put forward a full asking price offer to then be told the following; "We are unable to accept the offer as the we cannot confirm you have a mortgage in…
