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Agreement in Principle & Credit Card Stoozing
Flat going on the market shortly and beginning to think about finance for a house purchase (which will involve obtaining additional mortgage finance). Currently have a reasonable amount (£5k-£10k) on a purchases card on a 0% deal which has another year to run. At the time I do the formal mortgage application process I will…
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use of Broker for small Mortgage
Hello All First time posting so apologies if I've posted in the wrong place/topic. We are looking to buy a small property and as such would be looking at a relatively small mortgage (approx 85k). Is it worth arranging this through a broker? Would they even be interested in dealing with such a small mortgage? Regards D
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Applying for Mortgage but not on Electoral Roll!
We sold our house and completed in January, since then we've been renting until we buy a place so we're not in a chain. (It's extremely fast moving in Manchester where we are). I've applied to be placed on the Electoral Roll at our rented address but I've had a letter back from the council stating that this will take place…
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Setting completion date for five months time
Hello all, I am looking at purchasing my first property and need some advice. I am currently renting with a lease that expires on September 1st. I have found a property that I am interested in and have agreed with the current owner to do the deal, but not move in until August 1st. I basically just want to know if this is a…
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Fixed rate interest query
Hi, I am on a fixed rate mortgage. I pay the same monthly payment but looking at my mortgage statement the amount of that monthly payment that goes to pay the interest changes every month. Without sounding absolute stupid is the correct Thanks
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Advice on buying a second home
I own my current property for outright, and now looking to move to a bigger property. I have saved a small deposit and keen to keep hold of my current property and rent it out. Looking for advice on best way to do this.. Should i remortgage current property to increase deposit or keep that separate and use the rent to top…
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Nationwide Mortgage, Natwest or HSBC!
Help, I'm stuck...I'm a natwest customer, my partner is with HSBC but I've read lots of negative reviews on getting mortgages from both banks. I earn 48k, my partner 24k We've had an offer accepted on a property of £304k and have a deposit to put down of £179k Looking for a mortgage of £125k so it's in the affordability…
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Remortgage with a DMP!?i Is this possible
Hi Certainly my finances are not in good order, however I have stuck to a DMP for 18 months, owing £25k anj just paying £61pm I have an interest only mortgage at 4.64% variable with landmark mortgages owing £38517, due in 12 years I have been in reciept of mortgage interest benefit which changes to a loan in April. They do…
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Re-mortgage early or stick until fixed period ends
What would you do ? (im going to see a mortgage broker for proper financial advise, just want to see what others would do in this situation) We're currently in a fixed period mortgage until May 2020. We have our original mortgage and a secured loan that we used to create a loft extension. Our interest rates are as follows:…
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Advice about my finances before applying
Dear all, My Fiance and I are getting ready to apply for a mortgage in 6 months time so I just want to tidy up my finances even further to get the best deal. The one thing I cannot find that much info about is having too much available credit. My finances currently look as follows: Salary: 43k, soon to go up to 50k Debt:…
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Changing jobs after mortgage offer
Hi all, So, I have been provided a mortgage promise/AIP for the required amount for a flat in another city. This is based on current earnings and the location was not a problem based on the presumption that I could do a Mon-Thurs week staying at partner's house local to my employer and Fri-Sun in the flat. I understand…
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Vendor gifted deposit
Hi, Just looking for a bit of advice on Vendor gifted deposits. My sister in law 10 years ago had 5% given to her by her in laws and the couple she bought her house off gave her the over 5%. Me and my partner don’t have a deposit saved and looking to move. Halifax have told us we only need a 5% deposit and was wondering if…
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Cannot overpay
Hi i have enquired about overpaying on our mortgage and this was the reply based on your current product deal you cannot overpay but you can make capital payments of up to 10%PA which is 3 times monthly payment So as our fixed term is ending soon we're looking at reducing the term from 20 to 15 years as overpaying doesnt…
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Paying over Home Report value (Scotland)
We sold our flat back in September and have unfortunately have been living with my parents ever since due to pretty much everything in our areas going to a closing date and then selling for 5-10% over Home Report value. Am I right in thinking that, for example, if a house has an HR value of £200k but we have an offer…
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Tier 2 Visa
Hi, I am on Tier 2 Visa and about 12 months away for ILR. As such I wasn't actively looking for house, however an agent emailed a house brochure, I viewed it and liked it. I had an approval letter from Halifax and I think they were charging 4.5% pa interest based on my Visa status. My question is - 1. if I go with Halifax…
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How painful is applying for a mortgage renewal now
Hi, I am trying to get a feel for just how painful the remortgaging process is now days. When we brought our house 4 and a bit years ago, we used a broker to source our mortgage product. I have spoken with a broker regarding my renewal, and based on the brief discussion (rough estimate on property value, outstanding loan…
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Endowment Misselling
Looking for advice please have tried to find an answer but no luck yet so hoping someone on here can help. When we bought our house in 1998 we took an endowment mortgage. We where never told there could be a short fall. We took it out with Abbey National, my partner died in 2002 and the mortgage got paid off. Before this…
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Confused about retentions? Help please!?
Hi guys FTB here and a little confused as to how retention works. A buildings surveyor said today in his experience the lender we have gone with would put a retention on for works. He's recommended that work will cost up to 3k. Haven't worked out who's paying or reducing sale price or anything like that yet as waiting for…
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HSBC One Day Mortgage Service or Broker
I've had an offer accepted on a house and am now deciding whether to choose the HSBC One Day Mortgage service which is comparable to all the other deals I've found. What would be the advantage of choosing a Mortgage Broker instead of taking the HSBC offer?
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Applying for new current account prior to mortgage
We applied for a new current account with a good cash back incentive in January. For some reason it's left not one, but 3 searches on my report as a result. My husband seems to think this isn't an issue with regards to applying for a mortgage. Although I'd love for him to be right on this, I'm a little unsure. How long…
