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1st Time Mortgages
Hi There, Am looking to get a mortgage around Feb next year (2010). Am a little bit worried that i won't get accepted. In the last few years my direct debits have always gone through for credit card and mobile phone. But i got a CCJ from when i was a student with my student account, which i paid off in May but i'm worried…
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Porting a mortgage (Alliance and Leicester)
Good afternoon, I have an issue with A&L and I would appreciate your views. Firstly, let me give my side of the story: I am 25 years old, and own a flat I bought in 2005. I saved my backside off for it and borrowed comfortably inside what I could afford.:j My fixed product that I had at the start of my mortgage was due to…
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Remortgaging question..
My 5 yr fixed rate runs out in a years time, So i will be looking to remortgage for a similar deal again. the only problem now is that my partner has left work to stay at home and raise our child.. therefore we will be minus the 15k year salary she earned. How will this effect my remortgaging options? Surely this is…
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Which bank offers high multiples?
I will need a mortgage of about 4.5x salary on a LTV of 50%. I read here that Barclays offers a maximum of 5x on good credit scores (which I believe I have). Any other banks offer this? Anyone knows what's the maximum multiple that LloydsTsb offers? Thanks.
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Buy to let mortgage for expats?
Hi, we moved to Spain at the beginning of the year and would like to buy a property here. We have a house in the UK worth c. 350,000 which has a mortgage of approx 125,000 on it currently. We rent it out for £1400pcm and we'd like to remortgage it to raise an extra £75,000 give or take a few thou so that we can put a…
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Bit of advice - Leeds BS
Hi, We've applied for a shared ownership mortgage (yes i know, you say run), anyway its been 3 weeks, which is fine but the underwriters have now come back and said they need proper ID from me, i havent got a drivers licence or a passport, so i said okay, i'll apply for a passport if needs be. The problem is they have…
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Who are accord?
I posted a while ago about the house we are buying, the owners are in negative equity and need to get a loan to cover the defecit before they are allowed to sell. I have found out today the company they are dealing with are accord? We have been waiting 3 weeks to find out if they have got this loan, what kind of company is…
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FTB Should I fix or SVR?
As all first time poster say "please be gentle" although be brutally honestly if you like! Really just wanted to get everyones opinion on the decision we've got to make.... We're FTB with a 15% desposit and had an offer accepted on a property worth £185000. With our mortgage advisor the best fixed deal we could find was a…
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Mortgage offer
Hi first time posting on MSE so be gentle! Have just received a mortgage offer from Halifax which has a condition that 2 of the cc's I have must be paid off. I have my deposit and legal fees covered but hadn't expected them to request the cc's be paid off. I am considering taking a loan out to pay these off and pay the…
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remortgage offers from NR
We have had a mortgage from NR for 3 years, currently paying the standard interest rate. We have received a letter from NR asking if, as valued customers, we would be interested in a new, lower mortgage deal (various offers described, fixed, tracker etc). One of these deals could potentially save us up to £400 per month on…
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SVR or remortgage ??
Just a brief outline - im currently have a mortgage with Coop which is just coming to the end of its 2yr term which tracked .39 above the bank of Eng base rate, i go onto the SVR of 4.24% at end of December, i owe £64000 with 15yrs left, is it worth moving over to All & Leicester mortgage offering 2 yr fixed @ 3.89% with…
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Will this effect remortgage?
Hi, I currently have mortagage with the halifax, My property is worth around £115000.. Current o/s balance is £89.000.. Me & my partner have a fixed mortgage for 5 yrs which is due to expire in feb 2012.. However I have a credit card with barclays which i have paid late a few times my own fault i know... and is now showing…
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Need to Change Credit Rating
I've been advised to post this here. I had posted my question in the credit card section, but it was suggested that i could gain some infor here - I've entered in a Debit Management Plan and have been making agreed payments with my creditors. In the meantime i've been trying to raise funds to pay off my debts by looking to…
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Mortgage Valuation
Hi We are coming to the end of our current deal and got a letter from our provider saying that the house we bought for 126,000 3 years ago is now worth 106,000 so our LTV is 98%. The house was on the market at 135,000 and when we moved in we ripped out the bathroom put new in and had a conservatory built. Now I know prices…
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Mortgage company said no to renting out my house.
Hi all, first post here so hoping you can help please. I currently have a mortgage with GE Money and notified them this morning that I will be made redundant from next week. In this instance this was not a terrible situation as my Mum died recently and I want to move home to support my family. The redundancy allows me to…
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Which lenders are good to deal with?
By that I mean efficient and hopefully speedy - don't take 6 weeks for the application etc. When I do see a property I like I don't want to miss out by not having finances in place - I will obviously ensure we have an MIP to show we can borrow but we all know that these days that doesn't mean that much until you actually…
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Endowment advice please.
I would like some advice regarding my endowment, please. The details are: Commenced 1991 Terminates 2016 Current Monthly Payments £55.12 Current Surrender Value to the endowment co. £8,931.00 The life assurance for my now ex-husband (of 8 years) and for myself is still active, as when it was first set up. The question is,…
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Help!
Hello all I'm in a quandry - I own a house worth £300000 and am debating whether to buy another property costing £170000 as an investment. I'd be remortgaging my house for £170000 over 10 years and renting the new property at £500 per month which would cover the cost of the monthly mortage repayments. The interest only…
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any advice on what im best off doing now?
HI, I currently have three defaults on my credit history from over 5 years ago when I got divorced, two are satisfied but the third I am paying off in monthly installments. Now I was looking forward to reaching year 6 and them dropping off my record, however I am in the position of being able to use one of the government…
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2nd mortgage advice please
Hi, I am looking to get a 2nd mortgage in order to buy a home to gut, decorate and sell on. I am looking for a quick turn around on the property. I am looking for advice on 2nd mortgages. Does anyone know of a good deal or how to start looking via the web? most pages I have visited result in a person calling me and I don't…
