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Mortgage protection and Sickness cover
HI My husband left me 7 yrs ago and I took on the mortgage which was £50,000 at the time. I took out a mortgage protection cover and sickness,accident and redundancy cover with Aviva to safeguard me. I am still paying £21.43 pm, which doesn't sound much but does add up when I am on part time salary and no maintenance now…
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Endowment mis-selling
I took my mortgage endowment mis-selling claim to the ombudsman about 3 years ago and it was rejected. Martin Lewis said last week that it could be taken to a formal review at a higher level, but I cannot find out what the body is called. Is it still the official ombudsman? Could anyone advise the email/postal name and…
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Lender ask more documents after sending my offer letter
Hi Everyone, Four days ago we received our mortgage offer and we wanted to change our solicitor. I asked my broker to contact them and amend the offer letter with new conveyancer, but they requested for more information again and they wanted to start from scratch. As I am selfemployed they asked me to provide 6 months of…
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Mortgage Providers Solicitor Didn't Request Money. Now May Fail To Complete.
We exchanged contracts to move last Friday. We went through a broker and they recommended a mortgage company. We exchanged a week and a day before our mortgage offer was due to run out. The only thing is that the mortgage lender's solicitors did not tell the mortgage company until three days before, which they say is too…
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Proof of Deposit
Hi all, Our situation is as follows: Booked a meeting next week to put down a reservation fee for a new build. Expected completion end of August. The builder (Miller) has agreed to us depositing £1k on exchange and then the remainder on completion. We currently have around 2/3 of the deposit available with the remaining…
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£20,000 deposit but no mortgage!
I asked after the son of a friend and his father told me that although he had a good job and a £20,000 deposit he was unable to get a mortgage. I don't know what size mortgage he wants but I do know that he would not ask for one he would be unable to meet so what's going on?
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Penalised for having children and cars on finance whilst trying to get bigger mortgage
When you take out two car finance agreements for you and your Wife with Peugeot as it is cheaper particularly when using their Just Add Fuel package which includes Car servicing, breakdown cover, car insurance and optional GAP insurance, you are not made aware how much it would affect your chances of getting a higher rate…
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10% Overpayment Allowance
You know when you overthink the simplest of things, it just becomes impossible to work out? Well, that's where I am! So...I have several mortgages and have a plan of overpaying certain ones at certain times for different reasons. Two of my mortgages are in fixes where I want to pay the maximum 10%. Both interest only.…
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Returning To The UK - Applying For A Mortgage
Hi all, I need some help, and potentially a recommendation for a mortgage broker to help me. I've been away for the last 4 years in the middle east returning next week. I have a job to come back to and we've managed to save a small deposit for a house. In this time i've pretty much dropped off the UK credit scores. I have…
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high fee low interest conundrum
Hi, Im just coming to the end of my current 2 year fixed and on the look out to remortgage to another. A thing that tied me up in knots last time, which I clearly blocked out due to the trauma, was agonising over high fee, low interest rate vs no fee, high interest rate. MSE seems to favour the latter using their "total…
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First Time Buyer - 40% LTV?
First time buyer here - looking for some expert insight! I'm currently in the process of placing my mortgage deposit money into savings accounts. I am saving with Skipton Building Society. I currently have a LISA and I have an appointment to open a 90 day notice account. My parents are contributing a large amount of money,…
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10 year morgatge
Is a 10 Surely this is better than a 5 year fixed,
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Barclays fixed rate mortgage - overpayment limit
Hi We took out a 10 year fixed rate mortgage. At the time we were happy that there was a 5% overpayment limit rather than a 10% as there is on the shorter term fixes. I was told that the limit applied to the starting balance at the start of that mortgage year. But from reading on here I believe it may be on the original…
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Advice on incompetent mortage company
hi all could do with some advice on what to do regarding an incompetent mortgage company we have been dealing with this company for the last 2 months after finding a house and having an offer accepted the mortgage guy, has since failed to get things done on numerous occasions including the valuation etc - only ever doing…
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Self Employment Mortgage
Hello.. Been a deflating day today, I went in to the bank to ask questions about how much money I could borrow on a mortgage as a single first time buyer since I am self employed. A little background info, I started my business back in 2016, where tax year 2016-2017 I earned very little in terms of what they class as…
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First time buyer
Evening all, after a messy separation which ended up costing the equity in the sale of the house, I found myself having to restart again, and I've been renting for 3 years now. Anyhow time to get back on the housing ladder. I have been reading on those ISA's where the interest is decent and also the government (if the…
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FTB Advice Please
Hello all, Sorry to add to the existing pile of similar queries. I am relatively newly debt free, paid off a credit card and loan at the end of last year/beginning of this year. Only things going against me now are the fact that I've used payday loans in the past. A few in 2017 and before that in 2013 /2014. We're looking…
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Remortgage / debt consolidation
Good evening. As the title, I'm thinking of this soon to make life easier for us. I know doing it isnt advised but the way I have it worked out in my head makes sense. Have my mortgage (£69000) and two loans totalling £28000 Let's just call it 100k, with a reduced term of ten years on the mortgage This frees up cash…
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Is the time right? FTBs, payrise and bonuses, credit card and CC applications
We are FTBs and have recently come into some money and, noticing prices coming down a little in our expensive area would very much appreciate some advice on if the time is right for us to buy or if we’d be better off waiting a little. We are looking at properties in the region of £275k. Cash/ savings - This month I was…
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Slight Error on Mortgage Offer
Hi, Just wanted to see if anyone can provide some light on an issue. We have accepted our mortgage on a new build property from Barclays. The property was "Site 37" on the plan which we stated at the time. The bank has put 37 as the property number which we are now aware is incorrect, we received a notification last week…
