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restored hearing
my lender had a court hearing in may 09 which i managed to get adjourned and keep to regular payments, in october my maternity allowance ended and i was looking for wrok, i advised them in october i had found a job and was starting first week in november (was for local council so needed refs and crbs etc) i then found that…
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tax return info for mortgage application?
Hi, I wonder if anyone could answer a question. My partner and are trying to find a mortgage deal, at the moment he is in full time employment (16.5k annual salary) and I am self employed (I file self assesment - I don't have an accountant, as there's not much I can claim for I'm basically a contract worker who invoices…
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Depressing mortgage offer :(
Hi all!I was looking at my TSB account online today and decided to see how much I'd be offered were I to consider applying for a mortgage. It was not a proper mortgage quote according to the website, just a basic idea. With a supposed 10% deposit I was offered just £25,000 by TSB. It was kind of depressing to read, as the…
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Poll & advices from all you experts out there!
This is only my 2nd post, so please go gentle on me! Back in August when my Nationwide fixed rate came to an end I applied for a Post Office (now Bank of Ireland) 5 year fixed rate at 4.65% with a £399 fee, which I thought was a pretty good deal at the time. As the offer was guaranteed for 6 months I stayed on the…
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Chelsea/Yorkshire merger and my fixed rate mortgage
Hi, I took out a five year fixed rate deal with the Chelsea in 2007 at 6.09%. It seems steep now but was the best fixed rate deal at the time. Anyway I was wondering if the, ahem, merger with the Yorkshire goes ahead do I have any rights as to getting out the fixed rate deal? I have a 5% early repayment penalty with would…
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abbey mortgage
my husband and i are currantly trying to get a mortgage with abbey, we've had a offer in princable. We gave them 06-07&08 accounts for my husband as he is self-employed, i am a housewife. Now the underwriters are asking for 09 accounts. As you can imagine in the currant climate 09 accounts aren't great: 07= 28k 08= 29k 09=…
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Early Redemption Penalty
I have had an offer on my house and have been looking at new properties. I currently have a 125k mortgage on a discounted rate which expires in Feb of next year. I applied to my current lender to port my mortgage over but only need £59k this time so was expecting to pay the ERP on the balance. However, I have been declined…
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Derbyshire Home Loans
I am soon to be finished (well in March 2010) my current deal with Derbyshire Home loans although original mortgage was with Kensington. At the time 5.6% was pretty good. I have been forced to go interest only and have been treading water waiting so the rate will drop at the end of my term. A friendly IFA did some digging…
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Having a nightmare getting a mortgage with Abbey
We're having a nightmare getting a mortgage with Abbey. To make matters worse we are going through a broker who is getting made redundant and the IFA office is closing down so we can't get hold of him. But Abbey have been horrendous we were promised a 10 day fast track turn around, it's now week 7. the vendor has run out…
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Additional funds request credit checked?
Apologies may be a silly question but we're thinking of asking our current mortgage lender for some additional funds for home improvements. Will we be credit checked in the same way a normal loan or CC or do they just look at internal scoring? Cheers F
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Question - would we be able to get a mortgage? (totally clueless about mortgages)
Hi there I'm sorry if this is a really silly question, but I haven't a clue about mortgages at all and I've tried reading about them and have got my head around a few things, but find some of it is going over my head. Basically OH and I would like to get onto the property ladder. We currently rent at £450 a month and I pay…
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Switch between residential to BTL mtg?
Hi all, Does anybody know if its possible to switch from a residential mortgage to a BTL? Does the bank look at LTV/equity if you don't have enough deposit? Also, do they compare rental return to interest-only portion even if its a repayment. Might be considering this next summer. Thanks
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Remortgage Help - pls
Current mortgage deal fixed 2 year ends march 2010, currently trying to find mortgage but feel like banging head against brick wall. |Mortgage is with Future as had IVA which ended feb 2008. Rate currently is 6.9% but because it was 90% LTV now being told no hope of remortgaging, what do I do. Currently mortgage will go up…
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First Time Buyer - Where can I find a better rate?
Hello All, I am looking some advice on Fixed Rate Interest Rates, I have been in touch with a Mortgage Broker who has offered me the following on a 125K investment with 20K as a deposit: Lender: Nationwide Product: 5.84% for 3 Years (then SVR at 3.99%) Available on anything up 85% of the properties value The broker himself…
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Mortgage offer expired, advice please
Hi I recently bought a new build house and since exchanging contracts my mortgage offer has now expired as the house is not complete. I have now been told that i have to go through the whole mortgage application process again with the same lender paying all the fees again for the same product. Are they right to be doing…
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Overpay on mortgage or contribute to pension
Just wondering peoples opinions on this, currently I pay a couple of hundred a month into a pension plan. However I am allowed overpayments on my mortgage and seeing as interest rates are low at the moment would it be a better investment of the money to pay off more of the mortgage for the next year or two and put the…
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Removing a name from a mortgage
Hi this thread has probably circulated many times before but here it goes again! I am wanting to declare myself bankrupt due to my debts and my lack of a job at current. How would i go about removing my name from the mortgage deeds? My girlfriend can afford to pay the monthly payments on her own as she has been doing now…
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Northern Rock Borrow Back Facility Change - Warning!
After having read the NatWest thread here I thought I'd check what the borrow back facilities are with NR. I have a Flexi Tracker For Life (85% HWC) with them & have regularly overpaid & then 'phoned up to get some of the overpayments refunded without any problems. It has been great as I'm self employed, so I've used it to…
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Mortgage without selling current property first?
We're currently looking for a house, already have one which is completely paid off. We are looking to upsize, probably around double value, so will need a mortgage. We do however have a good deposit too, about half the upsize amount. I'll quote some fake figures to help. Say we own a property worth £80k, we want to buy for…
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Best Mortgage for FTB and company MD
Hello all, I am in what seems to be unique position, I'm in my early twenties, FTB and company MD [sole shareholder] of a 18 month old LTD company making a profit. I am trying to find out what kind of mortgages are out there and what deposit i need. So far i have been told 25% deposit etc. I am looking at around 100-150k…
