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First time buyer noob
Hey guys! Spent all day reading up about all my options. Wow! So after reading the guides and loads of posts and such, shall start ringing some brokers tomorrow. I'm sure they'll answer most of my questions but thought I'd see what you guys thought too. Here's my situation: FTB, joint application(me & partner), up to 50k…
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Advice Needed Please....
Advice needed please.... The background on my prob goes like this: December 2007 - bought a house with husband, no deposit, it was 100% mortgage. May 2008 (after 5 months)we agreed to separate and he moved out and hasn't paid a penny towards the mortgage (interest only at this time) We go to Court in March to finalise…
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Repossession in Spain
A good friend of mine returned from living in Spain last year, he is single with no UK assets, he works 35 hours per week and earns minimum wage, rents a room in a family house and lives pretty much day to day. He has no debts in the UK, no credit cards, is never overdrawn and doesn't own a car. He returned to the UK after…
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mortgage confusion, help!
Hi, I am a first time buyer and am trying to find a mortgage suitable mortgage. My deposit can be anything up to 60%, but i would prefer to keep 10-15% back for a rainy day. I am split between either a 2 year fix, term base rate tracker and 5 year fix. My intentions will be to overpay every month so this would need to be a…
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Standard Life Endowment Mortgage
My 1987, twenty five year endowment currently has a surrender value of just over half of the mortgage value, with just over two years to go. I appreciate that this will fall well short, but am unsure whether to cash it in and bite the bullet, or whether to let it run it's course - might there be some terminal bonus not…
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Getting a Mortgage with bad credit?
I stupidly got myself into a bit of financial trouble a while back by getting out a few loans and credit cards to pay for holidays and basically live above my means. Stupid i know but i was living in denial! Anyway, i ended up with about 10k of debt spead over 9 creditors, it was all getting a bit much so i joined a debt…
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Paying smaller mortgage vs. holding onto Index tracker ISA investment
Hi there, I've been investing in a Santander Stockmarket 100 Tracker Growth for the past 7 years - 20% growth as the markets recovered!. I've seen this as a long term investment that I didn't want to touch, however at the moment I'm about to apply for a mortgage. I trying to weigh up which is more sensible. Borrow the…
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90% LTV Deals
Hi, My mortgage deal ran out about a year ago and have been on 2.99% variable since. I looked at fixing it, but because of the credit crunch/economic downturn, it was more cost effective to stay on variable. I am now considering a fixed deal as it seem inevitable that the rates will begin to rise. Looking at the 90% LTV…
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Has your application been refused?
After reading through quite a few of these threads I have noticed a lot of mortgages applications which have been declined. Probably why you are on here. In particular I have noted that Nationwide keeps coming up. All those £99 fees they are collecting I am a member of the Nationwide refusal club on a 70% LTV and a…
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Advice on repossession where the mortgage company owes me
Sorry if this is the wrong place to post this but i am looking for a little bit of info about moneys owed back to applicants after repossession. Basically I left my ex Husband many years ago (2001) I just walked out on the relationship and left him the house. I later found out that the house had been repossessed. Now out…
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Inherited house - buying out the other parties.
Hi I have inherited a third of my dad's house and am thinking of buying the others out. How do I go about this? Is there a special type of mortgage for this? Thanks
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How much can I borrow
Hi, I have a deposit of 20k. I was wondering what would be the most I should look for when buying a house? I was thinking 140-150k max. Does this sound reasonable? The bank said I could borrow max of 130k but of course that doesn't mean I might be allowed it though. Thanks.
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MSE News: Skipton faces legal challenge over mortgage rate hike
"Skipton Building Society is facing a legal challenge and growing anger over its decision to hike its standard mortgage rate by a whopping 1.45 percentage points next month ..." Read the full story: Skipton faces legal challenge over mortgage rate hike
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Is This A Case Of Mis-sold Mortgage
When me and the wife we took out our mortgage about 8 years ago, we where told that we could only have life insurance and mortgage protection on one person, and that had to be the one with the largest income, is this correct?? And more importantly is this a case of mis-sell?? Thanks John
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Interest Only Mortgage for Rented property?
Hi there Not sure if I am posting this in the right forum but here we go... We have just been offered a job abroad and are planning on renting out our property. The rent just about covers the mortgage at the moment as we are on a 0.99% above base mortgage (our mortgage lender has approved us renting for 2 years). What I am…
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reducing redemption repayment
I have just sold my flat and purchased another where I will be mortgage free. I last took out a two year fixed interest rate in April 2008. I have now been advised that this period is until the end of June and I would have to pay £6,500 redemption fee. Are there any negotiations I can make for these additional two months?…
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Mortgage company valuation - Too low!
Hi there, I wonder if someone could give me some advice on a mortgage issue... My husband and I recently had an offer accepted on a first time buy. Initially, we had a number of problems securing a mortgage (we're not sure why, it was a different hurdle every day, and it took 5 weeks to get the mortgage in principle even…
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75%LTV Mortgage Advice needed please
Hello money saving experts, I need some advice please. I want to buy a property which is for sale at 159k, I have 25% deposit and earn 25k per annum. Can you recommend a lender that will loan my the £119k required? I have an excellent credit history and credit score but have tried the main high street banks and they will…
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Panel or whole of market
Buyers should be aware that some brokers will claim to be whole of market when they work from a panel of about 9 lenders. What they should say is that they work from a panel of lenders representative of the whole of market, but not all do. Also at least two national estate agents are being quite aggressive telling buyers…
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Denied Nationwide Mortgage - Bad Credit Score
Hi all, Was hoping for a little advice… My girlfriend and I have been casually looking at buying our first house for a while but are now taking things seriously after seeing the house we really want. I have the 10% deposit and between us our incomes are more than adequate to cover the mortgage. We went to see Nationwide…
