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Getting a mortgage when you haven't actually started your job, but have a contract?
Hi My husband will soon be starting to train to be a teacher, and we are wanting to move house as soon as he gets a job as a teacher. I was wondering if it is possible to get a mortgage before actually starting a job, as long as you have a contract? With teaching, you usually secure a job in the Spring/early Summer to…
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1st Time Buyer - Where do I start?!
Hi everyone I m currently living at home and looking to move out, I was looking at renting, but at the age of 27 don't really want to go back to shared accomodation like when I was a student, and am keen to get on the property ladder. Kindly my mum has offered to help in some way, be it pay deposit or share mortgage (she…
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Mortgages for those with bad credit?
Can anyone here suggest where to go/look for mortgages for people like myself with a less than perfect credit history and a possible bankruptcy on the cards (Upon the advice of the CCCS). I'm on a DMP with the CCCS, but don't currently have any CCJs that I'm aware of and we've never missed a payment on the mortgage or…
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Negotiating product fees...part II
Just thought you might like this rather amusing followup. After successfully agreeing a £199 fee on a new 5.19 2yr fixed rate with our current mortgage co (RBSC), I phoned 4 times in the last 10 days to chase why our papers to sign hadn't been sent out. Finally got through to someone today with some initative who said he'd…
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mortgage help please?
ok sorry am a bit clueless at all this have never posted on here before! i am currently renting (temp) but we need to buy & soon our daughter goes to local school so we want to stay in the area but house prices are so high! we live in scotland so work on the offers over system too which doesn't help we have a £10k loan, i…
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Can I claim
Hi all, I am in the process of remortgaging from a two year fixed to a Nationwide five year fixed. No grumbles at all with them but the solicitor handling the legal bits and bobs for the Nationwide has brought something to my attention. When I bought the house two years ago and had my original two year deal with the…
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Two Mortgage Queries
I'm in the process of remortgaging but i've just rang up the Abbey who i've got my current mortgage with to establish what is outstanding. I originally took out £128K on a two year fixed rate deal of 4.89% which expires on 2nd May. The Abbey told me that I owe £123,219.82 but when I arranged this my financial advisor gave…
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Can I ditch advisor and go it alone?
I had advice from a broker to start a remortgage with Woolwich, but have been unhappy with the eventual product I ended up with - and doing my own investigations found another product with the same lender that better suits my needs. Now the broker wants more fees for re-instructing and the Woolwich refuse to discuss things…
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Will we still get a CCJ on our credit report?
Hi guys, Was in the County Court this morning for about 1 minute for being in arrears for the mortgage. We had paid about 95% off before today and tried to get the court hearing adjourned by phoning them up and requesting to speak to the manager but he did not reply back. So we attended and luckily the case was adjourned…
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Mortgage and loans
Hubby and I took out a car finance loan with Welcome and decided recently to get on the property ladder. We thought we would be able to hand the car over (we have 3 years left on it) and that would give us more money to put towards a mortgage. But Welcome say that we cannot do this unless we pay half of what we owe but we…
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Remortgage before rates increase
For one reason or another we have been stuck in our IF mortgage now for about a year past the fixed period. We have had about 3 price increases so far with another one predicted on the cards. We have £51,500 of a mortgage and the rate we are paying is something like 6.3% (possibly a bit higher) and our payments per month…
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Porting - Will I have to pay HLC again??
Hi, I am looking to port my mortgage across to a new property but the mortgage will still be 95%. When I initially took out the mortgage it was also 95% LTV and this incurred Higher Lending Charges. My question is whether this would mean I would need to pay Higher Lending charges again on porting the product? Many thanks…
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Two different brokers which one shall I choose???
I have been to see 2 brokers who have recommended exactly same product. Both require fees, however the second broker I went to see was a lot more helpful, approachable and generally easier to get along with. However the first mortgage broker seemed to hint to me that because he was the first to recommend the product, if we…
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Can I claim back mortgage fees?
Hi Can anyone help at all? In 2001 I bought my first house with a 3 year fixed rate mortgage with Mercantile Building Society. The mortgage was 53k. 2 years into the term, we decided to move house and because we wanted a bigger mortgage we moved over to HSBC. Now unfortunately we were charged 2k to move basically this was…
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Need fixed rate but bad credit
Hi could someone please help, currently with B Midshires on a tracker mortgage, payments nearly 700 pm on a 123000 mortgage. I have bad credit history, havent missed any mortgage payments though, my partner has a perfect credit history, calling all you mortgage advisers out there, is there anywhere where i can get a good…
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Fixed rate fiasco?
Can someone please help? I have a fixed rate until August 2008 with Lloyds TSB. They sent me my mortgage statement and have increased my payments twice. When I've queried this, they've said its only the interest rate that is fixed, not the payments. It's nothing to do with insurance, apparently, it's to do with ensuring I…
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Buy to let mortgage question
Hi I currently have a mortgage on the property that I live in - and also a mortgage on a buy to let flat I bought two years ago. Both mortgages are repayment mortgages, so when completing my tax return I do not have to pay income tax on the part of the income from the flat which pays for the mortgage interest, I therefore…
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mortgage application question
Probably a stupid question, am going to ask our IFA later as well. We have a DIP through him for a NR mortgage. Our flat is on market right now with interest coming in (1 week in now). We have seen a house and had an offer accepted weeks ago, BUT, the house wont be removed from market until we sell our flat. We are worried…
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Mortgage Broker con? More Expensive Arrangement & Valuation Fees!
I'm feeling ripped off by my mortgage advisor- can anyone offer any advice? I am a first time buyer. I have had a survey/valuation on a property and am currently waiting for the formal offer to be processed by our lender. The mortgage product was recommended by an advisor who is affiliated to the estate agent. I already…
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5% or 10% unsecured loan on 100% mortgage??
I have 2 mortgage offers on the table from Northern Rock. It is a 100% mortgage on a flat for £132k. Basically the options are; 95% mortgage, 5% unsecured loan at 6.49% or, 90% mortgage, 10% unsecured loan at 6.29% - both fixed for 5 years. The 6.29% is obviously cheaper and therefore looks most appealing. I am after…
