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FTB mortgage - how long does it take?
I realise there might be different timelines for mortgage applicaitons depending on circumstances etc but does anybody know as a general rule of thumb how quickly a mortgage applicaiton may be refused? I made a joint mortgage application with my partner through a broker last week. I checked my experian file this morning…
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What To Do First?
My girlfriend and I are looking to buy our first place and aren't sure where to start! We have a deposit of £30,000 and are looking at a property in the region of £150,000. our salaries are £37,000(her) and £26,000(me). My girlfriends credit history is good but mine isn't perfect, having a few missed or late payments here…
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q. re changing direct debit date on mortgage
Hi guys, my husband and I have a repayment mortgage which we'd been paying without any problems, until he moved jobs and his pay date changed from the middle of the month to the 1st. Our mortgage payment is due on the 22nd. At first, they said we could only change the payment date to the 1st if we made an extra interest…
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Urgent help needed on case of irresposible lending
Dear all My grandmother passed away during February 2009. She left behind a flat she purchased in 2004, when she was 83 years old. To be able to purchase the flat, she was given £100,000 from Nationwide. I was very shocked to find out that the bank lent her £100,000 when she was 83 (it was tied to the mortgage) Would we…
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Fixed rate advice please, 75% LTV
I’d appreciate some help please if anyone has the time and the inclination. Me and my partner bought our house together just over 2 years ago. We were on a fix with Nationwide and have now reverted to the SVR of 2.5%. We’re overpaying by about £350 a month and we can afford to do this every month whilst we’re on 2.5%.…
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True/False
Can someone confirm the following.... If you own more than three quarters of your property does your lender have less power over reposessing it....:rolleyes:
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Abbey National changed interest only rules - Help
Had a bit of a shock when I contacted Abbey today. First let me explain my circumstances. Wife was made redundant last august but started working again in february but her earnings have halved. She is due to go onto maternity leave (she has not worked with new firm long enough to get 90%wages for 6 weeks) and our baby is…
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Remortgage 3 or 5 year Fix
Hi all Been lurking around here just to see whats about in terms of fixed rates We currently owe around £88K on a house of around £160-170K. We are also overpaying each month by £400.Due to come of Britannia Fixed Rate next month and then go onto their SVR I did apply for A&L 3.99 5year fixed rate but that was pulled soon…
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Add wife's contribution to household as "income" on mortgage application
Here's the situation. We are thinking of getting a mortgage. My credit rating is perfect, although I have around £700 going out per month in debt. That will be halved next june and the year after I will be debt free (HOOORAAAY). I have an income of £2300 per month. My wife has a rubbish credit score with defaults all over…
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Kensington SVR
Does anyone know what Kensington's SVR rate is? Am I correct in thinking that it's linked to what the LIBOR rate is?
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Do I pay off my mortgage?
My endowment policy has just paid out leaving me with £27000. I have £80000 remaining on my current mortgage £30000 being repayment only. I am paying a base mortgage rate of 3.5% - Do I use the 27k to pay off part of my mortgage or do I invest it?
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First Time Buyer Mortgage
Hi, We are trying to find a mortgage for our first purchase of a house. We are looking for a 150,000 mortgage and we are going to be able to put down a 25% deposit, so will be a 200,000 property. I will be earning 22,000 a year from next month and OH earns about 13,500 a year . We would be getting it in both our names. I…
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Endowment Advice
I have been pursuing a claim through the FSCS for a miss sold endowment. The endowment was sold to me by an insurance broker who at that time was an angent for the Halifax in November 1988. The FSCS have informed me that the insurance company was not authorised to give investment advise until January 1989. Do i have a…
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Is this possible?
Hi all, We recently sold our house (YEAH!) and now we are trying to purchase a new one. The problem we are having is raising a mortgage in our circumstances. Currently we are renting so we would like to start putting our money back into our own property. The figures I have to work with are as follows: OH is self employed…
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Loan as a deposit on a mortgage????
Hi all, I am after some advice.... I am a first time buyer with a small deposit for a house I am considering getting a loan out to increase my deposit so that I have 25%. I have worked out monthly payments for a loan and a mortgage and know that I can pay both off comfortably. Is there any other reason why I should not do…
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mortgages and how they work
Hi, im just finishing uni and have been offered with a good salary. I have been looking at buuying a house, it is on the market for 90,000 however it needs a lot of work doing to it, the previous owners have stripped all the copper out from under the floor boards, it needs re-wireing, glazing,all the windows are borded up…
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Porting a mortgage from Halifax
We have a meeting today with our mortgage broker who sorted out our re-mortgage last year. When she done this she put a "clause" into the mortgage about being able to port it as we were thinking about moving. Now were actually going to be moving - I am trying to find something on the Halifax website but cant find nothing -…
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need help choosing offset mortgage
hi can anyone tell me who provides offset mortgages for people on shared home ownership. i have tried first direct and they said they do not do offsetting for shared homes anybody know of others that do thank you
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Change of circumstances before mortgage completion!
Hi everyone. Wondering if anyone can offer me some advice? I have been offered mortgage funds by my lender to complete my house purchase, but on my application I have stated that only myself and my daughter will be living at the premises. It looks like that may change due to my girlfriends relocation being brought forward…
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Appeal
The Ombudsman has rejected my complaint on the basis that the firm selling the mortgage did not give "a binding guarantee about how much the policies would pay out" and that my financial circumstances at the time suggested that I "might reasonably have expected to mitigate a shortfall without undue financial difficulty" My…
