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Mortgage arrear fees excessive
We are coming to the end (one monthly payment left) of paying off our mortgage and have about £3000 in fees owed. Most of them are £40 arears admin fees for suposed work by them when I was unable to pay the monthly.ammount fortunately the arrears are now paid. These fees seem extemely excessive considering the 2010 ruling…
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Barclays Mortgage application
Hi there. So the people buying our house are using Barclays bank for their mortgage. Nearly 2 wednesdays ago, we had Countrywide out doing a valuation of our property. We heard nothing back and now esurv have book to do a valuation this coming Thursday. Has anyone experienced 2 valuations before and why do they need to do…
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Mortgage application stress test
Hello I’m going to be applying for a mortgage shortly and am aware that a stress test is done as part of this to ensure I could afford the payments if interest rates rise. Can anyone please tell me roughly the interest rate currently used when stress testing mortgage applicants? Am I right in understanding that I would…
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Extending mortgage term and flex working app
Hi all, I would like to extend my mortgage term to reduce monthly payments. However, I am currently 2 months in to a 7 month trial for a 4/5 working week. Has anyone got any experience in this, i.e. will they just take the lower earnings amount? The problem I have is that at the end of the trial it could be rejected so…
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buy home for parents
Hello I am a first time user on this service and was looking for some help with a problem that i have been having. I was hoping that the people on this site with far more knowledge and or experience than i have would be able to help? I am hoping to buy a home for my mother to live in and rent back from me with her housing…
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2 mortgages, which is the best to make over payments?
We have recently moved house and ported a mortgage plus got a new one with the same organisation. The ported mortgage is double the size of the new mortgage but has a much lower interest rate. We want to make over payments but not sure which would be the best mortgage to do so on, the bigger mortgage with lower interest…
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Equity Release Lenders
Have been told I could find some advice here. I have a timber framed house with a single brick outer wall with no flat roof or solar panels etc. Market value of approx £300k built in 1985. I approached two brokers, replied saying his lenders would not release equity, the other did not reply after giving the description of…
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Mortgage advice FTB
Hey guys So I am planning to go for a mortgage in 5-6months. However I am concerned about my payday loan use (last one will be 15 months old by application) but there's 20+ going back on my file. I have 1 late payment on gas from 2015. Other than that an loan which will be down to 7k at £205 a month. Our CC are less than…
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Mortgage fixed rate coming to an end and last direct debit
My Santander Mortgage fixed rate is coming to an end so switching to another banks' deal. I've been told that the last direct debit will still be taken and then refunded around 12 working days later as it's taken on the day it ends so can't be stopped. They've advised me against cancelling it but I don't want them to have…
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Does length of time been with a bank help with mortgage decision?
Hello I've had my main account with Halifax for over 30 years. Would this have any weight in their mortgage decision, or does this play no part? Thank you
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Cheapest mortgage calculations... have I gone bonkers??
Hello I'm in the process of selecting my first mortgage and I'm trying to work out the cheapest mortgage in terms of least amount of interest, plus fees paid over initial 2 years fixed rate. As per a multitude of guides I read online that advises the lowest interest rates doesn't mean it's the cheapest as you have to…
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FD mortgage set up as standing order
Hi, I've had a mortgage with First Direct since February. I always assumed it was set up as a DD but now I have moved to Nationwide it turns out they set it up as a standing order. This shouldn't really matter unless they want to change the amount but it seems a strange way to have it set up for a mortgage. I'd appreciate…
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Additional borrowing for debt
Hi. I’ve just spoken to my lender about additional borrowing. I want to pay off a 15k debt to a family member but the most they would lend for debt consolidation would be 12k and as it wouldn’t pay the debt in full they said no. My question is this. Was I too honest in telling them the reason for wanting additional…
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Halifax “not as clear as they could have been” letter (sub account).
Hi Wondered if anyone would like to give me their opinion before I make any calls to the Halifax. I received a letter recently stating they had set up a sub account and when they did this they weren’t as clear as they could have been on one or more sub accounts. The term sold was longer and therefore cheaper monthly but…
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H2B Calculator - Is it simply pass/fail?
Just wondered if anyone has any previous experience with this. Is it a simple case of anything red is a bye bye, or can they look at your individual circumstance like an underwriter would? For information, I'm 47% on the 'debt to household income ratio' which has a max of 45%. All the other final calculations pass.
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A claim
Hi all when I was 17 years old I went to my branch of Natwest to request a small loan. The then branch manager said he would agree to give me a loan as long as I would take out an endowment with Standard life with him to cover it. He stated that the best option was to take out a 30 year endowment with early maturity…
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WWYD buying now Vs later and possibly a better house
e've been trying to buy this house since September. It has been slightly delayed mostly because our original lender (TSB) would not lend for a house with a single.skin wall. So now the broker found another one with Halifax. Thanks to the delays now our baby has been born and is counted as a dependent. They want us to have…
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Will I get a mortgage?
Hi All, Me and my partner have an agreement in principle with Nationwide using help to buy scheme so the LTV is 75%. My partners credit history is excellent and squeaky clean and mine not so much. I have a default from 2013 (£240 phone bill) which has been satisfied and a default from 2016 which has been satisfied (£160…
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would they get a mortgage?
Hi everyone My Brother and Sister in Law are currently in a bit of a situation. They rent their current home in the Sout East and pay an horrendous £1400 per month in rent. They also have around 50K in usecured debts that they are paying off. All well managed with no late payments or CCJ's etc. They are considering moving…
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Any problems with Skipton and self employed/RTB mortgage?
Hello I'm in the process of selecting a mortgage as first time buyer. Skipton comes out on top with a £700 difference less compared to NatWest mortgage my Habito broker is recommending. Broker advises that NatWest tend to ask less questions and there is less going back and forth. He has had cases of Skipton mortgages…
