-
Can we get a FTB deal?
I currently have a mortgage for my flat but my fiance has only ever rented. Therefore she is a FTB but I am not. We are now looking to buy a house together (joint application) and I was wondering if anyone knows if any banks/building societies would consider us as FTBers because she has never had a mortgage? I guess it's…
-
Order of priorities
Hi, I'm hoping to begin saving for a deposit for a house. However as a couple, we do have some debts. I know now that lenders are assessing people with stricter criteria so main query is... We have around £9500 of debt. £2000 in one bank account overdraft, £1500 in my partners account overdraft, £2000 on my credit cards…
-
interest only
Hi, I'm sorry if this is a bit of a dumb question but I am a complete novice when it comes to mortgages. We have a repayment mortgage with approx 120,000 outstanding. We are about to lose a huge chunk of my OH's monthly income due to the credit crunch. We are already struggling to meet all our monthly bills so we are…
-
Quick/Silly Question.....
Hi, I have a quick question which may appear a little silly. I have mortgage of £120k and hope to sell our house for £200k as we want to move. Our mortgage is with halifax. We don't intend to increase the mortgage. My question is if we move what is the process for moving the mortgage? Do we have to complete a new mortgage…
-
What do I classify as?
Hi I already have a mortgage, joint with hubby, on my current home but want to buy a second home with a mortgage (not to let). When I'm looking for another mortgage, what do I look under? I'm not FTB, moving home or remortgaging. There isn't a problem with affordability (enough equity and income) but I don't know where to…
-
Can you port a part Interest Only Mortgage to another lender?
We've just hit another hurdle in our mortgage saga! :confused: Part of our mortgage (£50k) is on Interest Only with a ISA attached (20 year term of which paid 10 years so far), the rest is on repayment. How does it work if we port this over to another lender? Can you port the ISA product or would we need to leave this and…
-
help
2 questions, me and my husband are splitting up and I want an interest only mortgage in my name. Where is the best place to start looking. Also my present mortgage is with GMAC, do you think there is any chance they will cut the amount due if I go to another company.
-
perhaps this is a silly question about ERC's
Hi Everyone Sorry if this is a silly question. I have 15 years left to go on my mortgage. I have just completed on a 10 year fixed rate mortgage with the following ERC's:- Early repayment charges If you repay your mortgage in full or part by capital repayment, or transfer to another product within the periods shown, the…
-
Does anyone know........
does anyone know how strict Halifax is with adverse credit my new broker has suggested they may accept. I have 1 small default on credit file nows settled
-
Rejected after a decision in principle
Hello there, Any thoughts would be appreciated: We currently own a flat with approx 15% equity in it (after assuming a 20% decline in price). We want to rent this flat out and buy a new property. The flat's income will cover the 125% mortgage payment benchmark (even on capital repayment) and we have a 15% deposit for our…
-
Mortgage payments - in advance or in arrears
I completed on my new flat on 27 July and my agreed date for mortgage payments was coincidentally 27th of the month. I had set aside a month's extra payment as I thought that today (27th August) they would take out 2 payments (one in arrears for 27 July - 26 August and one in advance for 27 July - 26 August). They've only…
-
should erps be banned?
what is the point of early redemption penalties other than to keep people in debt longer and therefore screw them for more interest? why on earth are they allowed? surely any loan should be allowed to be settled in full at any time. anything else is immoral and should be illegal.
-
Mortgage sub accounts?
please can you help me.. Probably a daft question but here I go.. i have a mortgage with 2 sub accounts 1 is for the bulk circa 100K the other around 20k overall both equate to 90% ltv my question - do i have to have the same deal on each when i renew? ie; have a fixed rate for part 1 and stay on the svr for part 2? my…
-
The best rate available at 90%
Hi Guys, I have all but given up getting a 95% motgage now, I actually only managed to find one place that did them and the rate was so stupidly high nobody would go near it anyway! So I have decided that 90% mortgage and 10% deposit is my best bet. I am fully aware that a 85% mortgage would get me even better rates but as…
-
Getting a mortgage with defaults!!
Hello Everyone!! There is hope out there after all, I did a post a few months back asking for advise on getting rid of DEFAULTS off my credit file as i was declined for a mortgage on a few occassions. WELL. . . .with 2 defaults on my credit file (both due to come off within next 10mths), i have just had an acceptance for a…
-
Homebuy Direct HEARTBREAK
Hi I am at my wits end.. i really am! In april applied for homebuy direct for a new build property which after many weeks of messing about by orbit eventually was accepted. Then the mortgage was accepted by RBS. Initiall homebuy application was joint name with my wife although she doesnt work but thats what i was told to…
-
Question about altering mortgage after offer
Hi, hopefully someone can help with what is probably a 'newbie' question. I currently am in the process of buying a repossessed property. We've had the proper mortgage offer from Natwest and we are just sorting out the details now. However, it's a total nightmare (problems with the deeds) and I think there could be…
-
Need an ITV Tonight mortgage makeover?
[FONT="]Martin will shortly be presenting an ITV1 Tonight show designed to help mortgage holders who don't know what do to next.[/FONT] [FONT="]The programme producers are looking for a case study of someone on a standard variable rate who is not sure whether to fix their mortgage or not. [/FONT] [FONT="]If you…
-
Fixed Rate Mortgages
Hi We're struggling to pay our mortgage which is fixed rate for another 2 years. We have had a baby and my partner got made redundant in the last year. Although he has another job it isn't paying as much and I am now working part time because I have free part time childcare. If I worked full time I'd be worse off paying…
-
Overpayments vs Variation of Mortgage Term
I've just remortgaged to get a better rate (3.99%), and I'm now in a position where I have the funds to overpay regularly (keeping my payments as they were before the change, plus a bit more). I'm with Abbey, and they do not allow regular monthly overpayments. I can overpay each year up to 10% of the outstanding balance,…
