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Have the bank stolen my endowment policy?
Hello. In approximately 1994, I was ask to hand over my endowment policy as security for a personal loan. I'm wondering if they were acting correctly by taking it? Where is it now? Can I track it down? The policy has been running since 1986 so should have some value.
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Remortgage term
Hi all Might be a really silly question, but when you remortgage are you able to just amend the term of the mortgage. Ie my mortgage was taken out over 35 years, so after my 2 year fixed would be 33. Can I state in my remortgage I want it to now be 30?
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Mortgage - where to apply having an outstanding loan?
I'm looking for advice what to do. Me and my partners are FTB, we had our offer accepted and solicitors instructed 2 months ago. Now we have to apply for the mortgage as we had to wait till my partner receive 12th payslip to be eligible for a mortgage (she is on zero hour contract). At the moment I have outstanding £3.4k…
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Aldermore - Timescales
Hi, we currently have an application in with Aldermore. Our MA submitted the application on 19 July, though we didn't have all the required documents to hand (My passport had expired, husband didn't have his P60), so these were submitted piece by piece, everything submitted last Thursday (1st Aug). Chased MA yesterday to…
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Virgin Mortgage DIP - Approved
Hi guys. I’m sorry, I know there has been 101 threads about the same thing..... however you know what it’s like, it answers a question but not really the answer(s) you were looking Ford So, I’ll cut to the chase. I have applied for a mortgage through Viegin mortgages (via a broker) this is my second mortgage albeit, it…
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Trust deed mortgage
Hi Looking for some help, I have been discharged from a trust deed and have saved 5% of the value of the house I want to buy. I am aware mainstream may not entertain me as it's not going to be removed from my file until Jan 2020. But does anyone know which lenders may look at me? Fairly decent earnings and credit file is…
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Under market value mortgage
Hi, My husband and I are wanting to buy our first home. My parents have said we can buy their house for under market value. The problem is my partner missed a couple of payments on a credit card however this was 2 years ago and the debt has now been cleared. My parents would be willing to sell their 300k home to us for…
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Consent to let - How soon after renewal is reasonable?
Hello all, Looking for some input/opinions about a consent to let agreement my partner & I are thinking about applying for. My partner and I are currently on a 2-year fixed rate mortgage deal with Nationwide that ends at the beginning of January. For various personal/health reasons we have decided we want to take a break…
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Temporary Acommodation - very specific circumstances
Hi, This is my very first post after 10+ years of lurking (and saving for a deposit!). I live in Scotland, and have had an offer accepted for a modest flat well below what I could 'afford'. All my financial paperwork is in order. It is also important to note that I do not have any family to help me out with money/advice…
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Temp change of address between exchange and completion
Hi, I am a FTB and in the process of purchasing a new build. We aim to exchange by the end of this month and the expected completion mid October. We have a break clause in our rental agreement which will enable us to leave our rental by the end of October (to avoid being tied in till Jan 2020). We cannot use the break…
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Remortgage Vs Further Advance
I'm completely new to the world of remortgaging so I just wanted to make sure my thinking on this is correct. We currently have an ~£80k mortgage at 2.39% with 14 months left on the introductory deal. ERC is 2% and drops to 1% in November. We're thinking of converting our loft, possibly a full hip to gable number with…
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First time buyer with second applicant living abroad
Good morning, After speaking to my dad, he agreed to help me to buy a house in London. I was looking into the shared ownership or the help to buy scheme as I see them as the only viable way to get a house in the capital at the moment. He would cover the money for the deposit, but my question is if it would be possible to…
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Mortgage Advice - Syndicate
Hi there, Extremely long time lurker, but never had a need to post due to so many good and thorough answers. However, on this occasions I can’t seem to find what I’m looking for! I am currently 10 months out from buying my first property (hopefully). My partner and I are saving hard and getting everything into good shape…
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Student loan as income for a mortgage?
Hi, can a single mature student use their student loan/maintenance/bursary as an income when applying for a mortgage?
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Mortgage Renewal - Unemployed
Hi Me and my wife have a joint mortgage, we are due for our first renewal in september after the fixed two year term. Unfortunately I'm unemployed now, need some advice on how to approach the renewal phase. My wife is still employed and we have a decent savings that should allow us to continue our mortgage at the current…
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Overpayment - confusion after reading Martin's article
hi - I am in a fortunate position to make a lumpsum overpayment to my mortgage. I also overpay every month by a small amount. At the time of making lumpsum overpayment (within allowance) i have two choices: Reduce the term or reduce the payment. I read Martin's article…
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Nationwide pleased to let you know text..... Will it be for amount requested?
So we have just received our text from nationwide to say "we are pleased to advise we have issued you a mortgage offer" but we obviously now have to wait for this to be received in the post which I understand can take a week or so. Will it be for the amount we requested or could it be less? I feel sick with worry over the…
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Waiving ERC when re-mortgaging?
Would a mortgage company be willing to waive the early repayment charge if you re-mortgage with them? The ERC on my deal is (~£2500). If I have to pay this, I will be re-mortgaging with someone else as they have lower rates than my current lender (First Direct). If however they were to waive the ERC, then their deal will…
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Is this positive?
We have a mortgage application in with Aldermore and they asked for some additional paperwork last week which was provided. I have called for an update and Aldermore had asked our broker to ask why the mortgage had been in 5 months of arrears 28 months ago. This was due to having an operation to remove a cancerous tumour…
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Which mortgage conundrum
It all seemed so easy when we first thought about this. We were planning on moving to West Yorkshire as hubby has a job he can transfer to and I can apply for a new job (eventually leaving current one that has enabled us to get a mortgage offer - my salary wouldn't change much in a new job up in West Yorkshire so mortgage…
