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Mortgage Credit Scoring
Hi All, Will be applying for a mortgage with my girlfriend in the new year, we almost have our deposit and fees ready for the big move. I would like some advice please, i recently attempted to transfer my credit card balance over to a 0% one so i could pay off sooner, thing is the lender came back with a few reasons, 1,…
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Bursery consideration for a remortgage
Hi All I have a question , yesterday i was talking to HSBC about a remortgage and it appears they no longer take into consideration a students bursary when considering a re- mortgage. This is bad for me, my partner currently receives £6500 as a student nurse, approx £550 per month. We have the letter guaranteeing this for…
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How helpful are Northern Rock if you need a few months payment holiday?
I know NR offer a payment holiday. We have used ours and the mortgage is all paid up to date. I'm trying to find out what the process is (credit check or internal checks or simply just getting a nice person on the end of the phone) to whether its possible to have 2 or 3 months holiday payment. Does anyone have any…
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Recently remortgaged...but...
Hi guys We recently remortgaged from 5.19% to 5.99% which we were comfortable with considering the current climate! However, the first payment was due to come out of our bank on 28/08/08 & they took £80 more.. which led me to believe this 5.99% deal as agreed had not come into effect.. I called their customer service to be…
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Help and advice much needed....
im applying for transfer of equity on my house..there isnt any as its in about 8-10k negative but my ex partner wants off as she left last year and we havent managed to work anything out...i applied on my own but they said my income wasnt high enough and rejected it...i dont have anyone else to put on in order to take her…
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FANNY MAE and all that - plus the Nationwide merger
Guys, What impact (if any) do you think these will have on mortgage rates within the next month(s) or so? Rates to come down!? not by much? not at all? I'll be interested to hear your views! Nice one.
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2yr tracker @ 6.09 (90% LTV)
is this a good rate?? im stuck between this and a 5 year fixed now (at 6.24%)
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2 Year Fixed Deal Mortgages from Halifax
Hi What are you opinions of these 2 year fixed deal mortgages with the Halifax. 4.89% for 2 years for 75% LTV for example? I've not seen these before to be honest. http://www.halifax.co.uk/mortgages/2yearfixed.asp I think a 2.5% Product Fee could be off putting....
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Should we get a Buy to Let mortgage?
We are letting a mortgage free property for £750/month We have debts of £50,000 costing £250/month Tax on the rental income £150/month Family monthly income (apart from rent) = £3,100 Family monthly outlay (excluding food) = £2,600 Would a Buy to Let Mortgage be the best way forward? Things are a bit tight if we use the…
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Endowment Rip-Off
We have 3 endowment policies running together to clear our mortgage. They are all due to mature during the next few weeks. We have been keeping a track of their performance over the last years and knew that there was likely to be a shortfall on at least one of them. After enquiries made on 10th June this year, we were…
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What should I do?
Hello Please could I ask for some assistance..... I have a mortgage of £78k with Nationwide fixed rate which runs out later this month. I also have debts: a halifax loan of £16k, a credit card which I am up to the maximum limit of £5.5k and finally I am in the red with my over draft another £3k. My parents out of the blue…
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Halifax Mortgage advice please
My husband always said that if anything happened to him that the mortgage would get paid off as we have a joint account and we have had the mortgage on this house for 10 years. In November he fell ill and claimed off the mortgage repayments for sickness, which has been fine. Sadly last sunday he passed away and although i…
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urgent advice
Just after advice on my mortage a quick summery my husband and i speperated beginining of year, we have a mortgage and a secured loan, intially he made a few payments but now wont bother and i am struggling in a major way. Have tried to sell house but no luck. My mortgage has £123000 left and loan is £25000 ish. House is…
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packagers.
hi guys just after a bit of info on packagers have read on hear that they tend to slow things down. i wondered if your application is fully packaged before it reaches the lender that you are less likely to get a decline. this is not entirely wishfull thinking(honest) my broker has given me the impression that if there was…
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Remortgage advise
Our current fixed rate with Nationwide finishes at the end of Oct. so we are looking for a new deal. We are looking for a 175,000 pound (sorry my pound symbol does not work) mortgage, part interest only / part repayment. Our total borrowing is approx 55% of the propertys valuation. We are looking for a low rate either…
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Online Valuations
I have been using the free online valuation sites that Martin recommends in his articles, and am aware that these are to be taken with an extremely large pinch of salt! I just wanted to know of MSE'ers experience of how the online valuation compared with the valuation made by a surveyor when remortagaging. Is there a huge…
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Brokers help please, made up info on my application form
Hi all Ill try and keep it as short as I can.... My husband and I have several buy to let properties and have used the same broker a few times. Our own home came out of its fixed rate so I/we applied to Barclay's for a remortgage (who we bank with). A few years ago my husband lost his limited company business (owed…
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Facing Repossession, please help!
Hello im in a right mess, first of all im posting becasuse i hope one or more of u clever people can give me advice and help me out! Im 23, my parents have been living in their home since 2001. My mum and dad both lost their jobs and now we face a third court date for repossession. The first was in 2003, the judge ruled as…
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advice - 6 months to prepare for mortgage
Hi I'm looking to buy my first house in approx 6 months. Given that Mortgages are getting harder to come by what do people suggest is the most important factor to getting a good deal? purely raising the highest deposit getting my credit cards to zero amount i have in the bank each month something else entirely? any advice…
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Northern Rock Together Mortgage
Hi I need advice about my situation, I have a together mortgage with northern rock and need advice about what to do. I have passed my fixed period this year in January and am now paying a furtune for my mortgage. the out standing ballance is £106'505 made up of 24'000 loan intrest rate of 6.69%and 82'481 on the mortgage…
