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Mortgages & endowments

Archives for August 2019

Help to buy - Now or never! How much can I borrow?
Hi guys young lad here, was planning on enjoying another a year or two in some cars I had my eyes on, however I just checked and HTB funding is being cut in April 2021 to max value of 180k house price outside of London.. I happen to live in Birmingham unless there's a massive house pricing crash there's no way I will be…
Equitable charge and current/future mortgage on our home
Hoping someone can help with this question! My husband wants to allow a company to put an equitable charge on his interest in our property (we are tenants in common with a trust deed detailing ownership) in order to secure a business loan. Firstly, is it likely that our current mortgage company will allow this? Or is it…
Help to buy - Now or never! How much can I borrow?
Hi guys young lad here, was planning on enjoying another a year or two in some cars I had my eyes on, however I just checked and HTB funding is being cut in April 2021 to max value of 180k house price outside of London.. I happen to live in Birmingham unless there's a massive house pricing crash there's no way I will be…
first time buyer - help to buy with equity loan, remortgage options?
hi all, i was hoping you could help me as im starting to feel a little worried. i bought a house on the help to buy scheme with an equity loan, and fixed the mortgage with natwest for 5 years. I had intended to also save minimum 150 a month aside towards equity loan aswell so that come remortgage time i could at least pay…
BTL Mortgage
As previously lived in the property, still have original residential Nationwide mortgage and pay the standard variable plus increased rate due to letting the property This works out at 3.75% Is this competitive? If not, is there a good search engine for BTL mortgages? We have had this mortgage for over 15yrs (previously we…
Credit checking following Halifax's acknowledgement of title
Hi, wondered if anyone knew the answer to this... It's been under 90 days since we received our mortgage offer and the flat we've been in the process of buying has now exchanged - waiting on completion to take place on Wednesday. In terms of affordability we were (in the DIP) offered about 200k more than we wanted to take…
Porting
Hi there, If you want to port say your moving but using your own cash to buy the more expensive property do you need to apply for your mortgage again? “If the balance being ported is the same as the remaining balance on the existing mortgage” in other words. So for example you have remaining mortgage of 148,000 and you…
Mortgage overpayment with LBS - terms help
Hi I have a mortgage with Leeds and it just has one section in my contract which talks about overpayment. I can make additional capital lump sum payments of up to 10% per year on any part without incurring early repayment charges. Such payments have a £1000 limit and reduce the balance immediately. However, it says nothing…
Survey contents
Hi there, We are paying the standard £200 valuation fee for our mortgage and instructing our own full survey of the property we're buying. My question is, if the survey finds that work needs to be done, what is the best thing to do with this information? Should you go back to the seller and try to get money knocked off the…
Mortgage with satisfied defaults
Hi guys im looking for details on if you think a mortgage is possible for me, possibly advice from brokers would be great. Ok so a bit more detail partner: excellent credit me: 3 satisfied defaults from 2016/2015 £52 satisfied june 2016 defaulted November 2015 £3980 satusfied august 2019 defaulted feb 2016 £350 settled jan…
House costs
I wanted to ask, why do allot of people upsize from A 3 bedroom semi to a 3 bed detached. We have allot of friends doing this it’s in the same area same schools it doesn’t make any sense to me?
Precise Mortgage - After Vaulation
Hey, Newbie here, We have gone through Precise Mortgages after being declined by the Halifax due to an active default not being removed from my account by mistake. So far Precise have given us a DIP Paid Valuation Fee Sent off outstanding information requested Got informed that the Valuation has taken place and come back…
Post Repossession: A Practicals Guide
My brother’s house was repossessed 6 weeks ago. Lender confirmed yesterday that only offer they’d accept to allow house to be reclaimed would be full redemption of mortgage and this is not an option. Family didn’t know about repossession until last week. I’m trying at this stage to salvage something from all this. My…
Aldermore mortgages
Hi, I know this has asked before but I just need some reassurance I guess! I got a DIP from Aldermore for a mortgage 13/08/19 put offer in for property which was refused, went on holiday and on our return decided to up our offer which was accepted 😀 MA put in for full application on 27/08/19 Told today that lender has…
Nationwide - Mortgage Application - Too many documents
Dear all, We have applied for a mortgage for a2 bed apartment under shared ownership scheme with Nationwide. Nationwide has conducted the valuation and they are ok with the report. But since the day one they keep asking so many documents. Have you guys experience this sort of requests from the lender. We are borrowing only…
Morgtgage apps
Hey everyone - just wondering if anyone had found any really good mortgage apps that were both trustworthy and good to use? My mortgage is coming up for renewal and I went through a broker last time but, as I've been using apps like Monzo and Yolt a fair bit lately, I just wondered if anyone had found anything similar they…
Adverse credit help
Hi, looking for a bit of advise We have recently applied for a mortgage at 95% with Santander and they have come back offering 90%. Our mortgage broker found out it was due to four missed payments in a row on the credit file almost four years ago, we didn't realise it was there, turns out we thought the phone contract had…
Mortgage Offered
Hi, I have a mortgage offered and have jumped through the necessary hoops, I am about to exchange and complete in a few weeks time. However i have recently done some online gambling for a considerable amount of money (just over £1000) This was done with money i had in my debit account, i have transferred money from savings…
Fixed rate fees
Hi, I'm going to choose a new 2 year fixed rate deal, the two I have in mind are ; 1.61% with a £995 fee for £453 a month 2.25% with no fee for £470 a month My question is does adding the fee to the mortgage make it cheaper in the long run because the rate is lower or does paying the higher rate with no fee make it better…
Nationwide mortgage
Hello! I am due to exchange and complete a property today however my solicitors are telling me they are waiting for nationwide to release my mortgage funds. Has anybody got any experience on a time frame for this? My solicitors told me they had ordered the mortgage last Friday in readiness for completion. So my question…

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Mortgages & endowments

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