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Does a CAM adversely affect credit rating?
I have a N&P CAM and have recently been declined for credit. Looking at my credit file – I cant see a problem. The only issue is that it doesnt look like I have a current account. Of course I use my N&P CAM as my main current account – but that shows up only as my mortgage on my experian file. I suspect that this is the…
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Deposit question
We're about to see a mortgage broker to discuss mortgage options and we're still not sure how much deposit to put down, we'd like to go as prepared as possible.. We're buying a house at £136,000 we have up to 25% to put down (perhaps even a bit more) but there's work that needs doing on the house and we'd like to have some…
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Mortgage Charges
Hi. My dad has just found out that he has over £5K worth of charges on his mortgage which he was looking at paying off. Is there a way (in very similar manner to reclaiming bank charges) where i can look to investigate these charges further and see if any of them can be reclaimed? If so are there any templae letters to use…
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Default on Credit File
Hi, new to this. I have a question i hope someone can answer. My husband already has a mortgage with Bank of Ireland but out of fixed rate and now paying £714 on interest only mortgage per month !!. We tried to apply for a mortgage with with HSBC this was turned down, reason given did not meet criteria (incomings and…
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Remorgaging with partner?
Apologies if this has been asked before, i've been searching for a while but can only seem to find information on people buying out partners rather than the other way round! I currently have a morgage on a house on my own. I've had it for a few years, but now my partner is thinking of moving in. How does it normally work…
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mortgage for 78000 possible on 16500 wage?
hi i am looking for some advise/help on getting a mortgage. i have been looking to buy a property from a family member, the property is valued at 86000, but would be sold to me for 78000 providing i can get a mortgage. my current wage is 16,500 i have no deposit saved. however, i could afford the legal fees. i am 22, am a…
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Mortgages In Divisas
This type of mortgages seem to be quite popular in Spain at present. Does anybody know if they are a good option? Which banks offer the best deals in the UK?Many thanks
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Can this be done?
We took out a 100% mortgage in 2006 with Portman (now Nationwide). We have now been offered a part exchange, where the person buying our house has offered what we owe on the mortgage, my question is would we be able to get a mortgage on their house due to having no deposit? Im guessing not but any advice would be very…
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LloydsTSB Airmiles mortgage
Hi, LloydsTSB currently have some very competative fixed rate mortgages on offer. Their Airmiles 5-year fix at 5.69% seems very good to me http://www.lloydstsb.com/mortgages/special_offers/airmiles_mortgage.asp - but is there some catch? Why does this deal not appear on any of the best buy tables or discussions I can find…
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Mortgage - max LTV
We have a Nottingham BS mortgage fixed at 5.6% for 3 years due to expire in 2011. However, we are seeking to move and are looking at a new build at £170k but the Nottingham will only offer us x 4 of our salary. I have recently become self employed but am working at present also - our joint income is £34000 as the wife just…
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Remortgage now or hold out a bit longer for a better deal?
Our offer period ended in July and the mortgage is now on a tracker at 0.99% above the base rate for the term of the mortgage. At the time I researched online and spoke to L&C and couldn't find a good enough deal for it to be worth changing. The lender could only offer us fixed rates at about 6.5% and then going up to an…
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mortgage company saying i have default!!!
hi,im new to this and dunno if im in the right place or not! ive applied for an agreement in principle from nationwide for a mortgage. Before i did this i check my credit report though CREDIT EXPERT(which im told id experian?) and no defaults,only two missed payments and overall a fair credit rating. But im mortgage…
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Bank of England Base Rate remains the same.
Bank of England Maintains Bank Rate at 5.0% 4 September 2008 The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.0%.
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changing from capital and interest to interest only
Hi, I have just come to the end of my second year of a three year fixed rate mortgage and am starting to struggle.... Are my bank likely to allow me to go from a 'capital and interest' mortgage to an 'interest only' mortgage to help me out in the short term (6 months to one year)? I would prefer to continue paying the…
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Fixed Rate to Variable Rate Question
I'm just over 1 year into a 2 year fixed rate mortgage with Nationwide, then I'll go into a standard variable rate. Since we booked the mortgage, interest rates have fallen by about 0.75%. Just to make things simple, say our variable rate was booked at 6.5% What I would like to know is - Is the variable rate affected by a…
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Desperate
Hi guys, im new here! Just thought id jump straight in with a question. How easy is it to switch my mortgage from a repayment to interest only and how long will it take to do this? We have no arrears with the mortgage company although our credit rating is bad due to not paying our creditors when attempting to go through an…
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How long do Nationwide take?
I got a text on my phone saying my application for a mortgage with Nationwide had just begun. I am going through a financial advisor, so will be pretty much out of the loop, but was surprised when I got a text from them! How long does the process usually take? How long does it take them to instruct a survey usually? Anyone…
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Remortgaging Advice Required (Northern Rock)
Hi, My wife and I are in a bit of a 'mixed bag' situation, with a mixture of worrying bad points and positive good points. We'd therefore really appreciate some advice! Here's the facts... We have a £148,000 repayment mortage (100% LTV) with Northern Rock, over a 30 year period, which we got in October 2006. 10% of this…
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One Account - SVR only up?
Hi, As a One Account holder I have seen the interest rate charged on my mortgage go up inline with the BOE base rate and swap rates pretty much within days of them happening. On the flip side as the BOE and swap rates have come down I have seen my mortgage rate stay the same. I'm aware the product does not promise to be a…
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Government mortgage rescue package
Following the Governments announcement yesterday regarding a mortgage rescue scheme, does anyone know what it involves, or are the details to be announced? I did find one link, but it only mentions about it being available in England? We are in Scotland. Any info would be greatly appreciated Thanks
