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credit score and mortgage..?
myself and my husband want to buy a shred ownership home. This will be our first mortgage so when we apply we want to get it right. Our credit scores are 815 and 810 which apperntly is considered fair we have no negetive things on each of our credit reports. Are our credit scores good enough to get a mortgage?
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Overpayments -worthwhile?
Hope this question makes sense... If I were to pay almost double my mortgage for at least six months, would this be enough to reduce the repayment amount? I have no arrears and have not missed a payment but would like to gradually reduce repayment amount.
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Self cert mortgage
Will I have any problems gettiting a mortgage? Heres the deal Currently have 13 yrs left on current mortgage. Just reserved a plot on a new build. Done a part ex on our property and after fee's etc should have in the region of 40k to put towards to house. Looking to get a mortgage of about 160k. Right now our money…
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Mortgage question
Hello, I was hoping someone could help with my dilema, I am hoping to buy my mothers house which is valued at £75,000. She is offering it to me for between £45,000-£50,000. I have applied for a mortgage, and said the asking price from my Mum was £50,000. They recommended I provided a deposit so I am providing a £5,000 (10%…
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What are my mortgage options?
Me and my fiance are looking to buy a house together. I currently earn 29,000, while he earns 20,400, so combined earnings of 49,000. I have a student loan, and also an outstanding loan of £3879 which has 17 months remaining at £228 per month. I have one credit card which has no outstanding balance on it. My fiance has an…
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remortgaging, can I avoid commission ghouls?
Hi, My partner and I have a mortgage with Halifax which still has 2 years on fixed term, we want to move house and I understand that we will need to reapply for a mortgage on the new property. When I call Halifax to ask how I initiate the move, like a bunch of decending vultures everyone I speak to wants to know if they…
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What do I do?
1st of all, I am self employed and am coming up to the end of my 5year tie-in with the Abbey. It was a 25year mortgage and I have been overpaying and reduced the term to 12yr8mths now. Now that the 5year tie-in is up I called the Abbey to see what they have to offer now. Not too impressed - best is 6.75% fixed for 10years,…
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Remortgage advice needed please!
Hi, Our Halifax 2 year fixed rate mortgage is due to expire on the 30th of September. Presently we pay £358 per month on a 25 year mortgage of £100000 (currently the mortgage is interest only). After reading Martin's remortgage guide I decided to contact L&C broker. They have just got back to me today and recommended I…
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Early Repayment charges
I lifted this off a building society website, does it mean 7% of the mortgage in the first 3 years etc (e.g 100k, 7k penalty) ? Early Repayment Charges Full or Partial - A penalty equivalent to 7% of any capital repayments made during the first 3 years, 5% of any capital repayments made during year 4 and 4% of any capital…
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Interest Rates Query
Afternoon all We are in the process of trying to sort a mortgage out - we've had debt etc in the past but have been given a mortgage quote at 7.54% which I don't think is too bad considering. My question is though, the quote we were given was a fixed rate one, but with interest rates rising all the time, will the rise…
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Mortgage Advice
Hi, can anyone please advise me. We currently have a One Account, which I really like purely for the ease of use. Our house at last valuation was £175,000 about 18 months ago. We owe £129,000 and are paying an interest rate of 6.7%. Our wages total approximately £3,200 per month and stay in for most of the month as our…
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Reposession
A couple of years ago I lost my house, the bailiffs were called in and i was charged thousands to be thrown out of my home. can i reclaim any of these fees from the mortgage company in a similar way to bank charges
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Part buy-part let, Contractor
Hi, My OH and I want to buy a place but being in London and quite fussy about what area we live it looks as though the part buy, part rent schemes are our best option. Does anyone have any pros & cons about this we may not have thought about, is it a really bad idea? The problem is that I'm a contractor. My OH has a perm…
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Morgage implications: moving out of my house
Any advice appreciated: I have a mortgage for £63,000 fixed rate (rate fixed for another three years) at 5.5% with Nationwide. I wish to move into my partner's house, and let my house to my live-in-lodger. I currently rent out a room for £2200 per year (tax free under rent-a-room). I would rent the whole house out for…
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Endowment - sell or retain?
New to this forum, so would appreciate any advice. My mortgage of £50000 comprises £36000 on endowment, and £14000 on repayment. The endowment is with Friends Provident and has 9 years to run, as has the mortgage. The endowment is currently worth approximately £11000, and at term will probably only realise around £20000…
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self certification mortgages Help
Hi I am looking to get a self certification mortgage since I have no set means of income at the moment but I do have the deposit and can afford to pay the repayments through family help. Can anyone recommend a reputable company whom I can go through to get a mortgage? Many Thanks for your Help
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5 or 10 Year Fixed Rate
okay i am just about to remortgage for £91k and i cant decide if i want to go with Nationwide 5.78% over 5 years with 3% ERC or Woolwhich 5.57% over 10 years with 6% ERC. I am 31, single with no kids so i am not sure if a 10 year deal is right for me. I mean i know they are portable but i'm just not sure if its too long a…
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remortgage with bad credit
hello everyone, this is my first post and i don't know if i am putting it in the correct place but here goes:- i currently have a mortgage with hsbc for approx £20K. due to debt problems i took out a secured loan last year with sppl for £25K to repay some of my outstanding debts. they are linked to the LIBOR interest rates…
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mortgage quote issue
Hi, I am in the process of organising a fixed rate 5 year interest free mortgage. My girlfriend spoke with the sales department who sent us a document outlining the different rates that we could get. We picked the 5.795%, filled in the application form and sent it back. In the time between us receiving the quote, and our…
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Help and advice needed - FTB nightmare
I'm in such a stress over this mortgage process! Let me explain - my partner and I are FTB's in full time jobs with a joint salary of around £30k. We have been told by our WOM IFA to go for a Northern Rock together mortgage - £65k for price of house and an extra £15k for renovations etc. This will be a 100%+ mortgage (no…
