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FTB need help with mortgage deals
Hi everyone, I just need some help from you experts out there! I am a first time buyer looking to spend no more than 100k on a house. I have a £25k deposit and £20436 annual wage. I get bonuses worth about £500 a year plus an annual bonus of £1572 + any possible overtime. All bonuses are not guaranteed and are…
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11 year fixed to halifax new 2.99 rate
I currently have 2 loans on my house; 30k at 4.99 fixed for 11 years 23k secured variable currently 4.24 for 17 years total monthly 434 like the look of new halifax remortgage of 2.99 fixed for 2 years, going to take it over 25 years to give breathing space, payments of 262, giving me either money left over or money to…
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Retention / dropping LTV = 1 disgruntled FTB
Hi, Hoping somebody can give me a bit of advice. I'll try to explain the whole situation so please bear with me!!! I am a FTB and recently found a house, this seemed to be a good deal compared to other similar properties in the area/street. it was a 2 bed house and I had an offer accepted for 83,000. It required a lot of…
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Fixed rate or variable
Hi, I'm looking at buying our first house. Not sure whether to go for fixed or variable. The amount we're borrowing would mean we can afford to make payments if they go up a couple of percent, but would struggle if the bank of england base rate went up massively. I know no one can predict how much the interest rate will go…
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Shared Ownership Mortgage
Hi, I have the chance to buy into a house with shared ownership with the current owner, I have a reasonable level of income but have had credit problems in the past. Does anyone have any advice as to where to start, mortgage lenders to consider and any other major pit falls that I need to be aware of going into this deal ?…
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Halifax mortgage process
Hello I reserved a shared ownership property today (please no comments on shared ownership scheme). I am putting in my application for my mortgage will Halifax on Wednesday. I just wondered what other peoples experiences with Halifax have been and how long before you were given an offer/decline. I have had the agreement in…
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Valuation problems
Hi I have had a difficult experience with the Co-Operative Bank regarding a valuation of a property I am looking to buy. I have been approved for a mortgage for 95K on a property costing 155K. The other 60K I am putting in myself. The valuation has come back valued at 155K and Co-Op have declined the mortgage for the…
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Beacon Mortgages
I am with Paypan at the moment, and we decided to remortage the house to pay off the outstanding debts. Approached Payplan and they put us in touch with part of there company Who's Lending. Beacon came up as the best option, so we located numerous amounts of paperwork, and the company wrote to our work places to identify…
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will they lend If I havea default
I have a default on my credit file for £200 from 2005. It is settled. Will any mortgage company lend ? details deposit 21000 joint income 46000 debts 1500 house price 128000? Partners score= perfect Plesae help I have had a million conflicting opinions so far ;-(
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First Time Buyer - Mortgage help!
Hi I am looking to buy a house with my OH. Employment wise - I am currently in a fixed term contract until January. Although I've been told it will be extended until September, I'm going to start looking for a permanent contract to start in January. The plan is not to buy any houses until this happens. If all else fails,…
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Switching mortgages
Hello, I'm just coming to the end of my term of a 2 year tracker with the Nationwide. My monthly payments are about £175 and I have about £31,500 left to pay off. Also, I'm not on a tight budget or thinking of moving within the next couple of years. Would I be better off moving onto a capped tracker or a variable? Thanks…
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Help needed re. porting my mortgage
Good afternoon, I found out today that I owe £6k to HMRC due to one of the companies I worked for last year putting me on the wrong tax code. As I already owe £4k on a credit card and am currently unemployed having been made redundant in May (I am receiving JSA) I am thinking about selling my flat. I bought my flat for…
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Legal & General giving no final bonus !
Hi all. Another of our 17 years (with profit this one) endowments is about to mature on 1st November (assured 8K + annual bonuses of £4k). I have just received the final figures announcing that we are not entittled to any "final bonus" because that is what L&G decided last February. As the market is doing relatively ok at…
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mortgage advice
hi all just checked credit score on experian 894 paid all bills over last 5 years mortgage/ phone / car loan / credit cards not missed a payment however had one credit card that was not on a direct debit and i never got time / bothered to go to the branch to pay it i just waited for them to phone and paid it over the phone…
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Confused with Nationwide
I am just approaching the end of my fixed deal, will have around 40,000 to pay off and 10 years on it so will go from 5.5% to 2.5%. I wanted some additional funds so we can extend, but they said as I wanted less than 25,000 it would have a reservation fee. They will not put together my mortgage and the additional lending…
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Getting a Mortgage after buying with bank loan
Hi All, i've just signed up to this forum and i'm a real fan of this site and i'd be truly grateful for some much needed advice please from the experts out there on the following points: 1: Am i right in thinking that Self Cert/No accounts BTL/residential mortgages are a distant sweet memory? As i'm really desperate to get…
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Mortgage Go-Slow
I am currently in the position of trying to buy a house. I have the deposit, I have found the house - it's a vacant possession that requires a lot of work to be done to it (Approx £20k). The mortgage company has, at every step of the way, sought to undermine my mortgage application. They have tried to find reasons based on…
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Offset Mortage queries
Hi, I have a couple of questions regarding offset mortgages: 1. I am interested in the First direct base rate offset which currently would have an interest rate of 2.79%. However most of my savings are in mini cash isas and earning a similar rate or even slightly more. Even my non isa savings (mainly regular savers at…
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Thoughts on this?
Hi all, I'm coming to the end of my 2yr fixed mortgage with Abbey. These are the details. House worth 206k Loan amt - 128.5k at 5.59% Deposit 100k Now i'm really struggling to know what mortgage to go for. Obviously we'd like to take advantage of lower rates as anythign to keep outgoings low is good at the moment as we've…
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Mortgage help!!
WE are struggling with our finances as my husband lost his job in feb and we have now used all our savings!! We have just changed our mortgage from repayment to interest only but even this is a struggle but all the bank is prepared to do. They have told us that as the house prices have dropped and we only purchased our…
