-
Advise Mortgage Lender of Change?
Hello I currently have a mortgage on a property and live in it. I'm about to move overseas and plan to rent it out. Do I need to advise my Mortgage lender? What happens if I don't? Are they likely to to change the terms and conditions such as up the interest rate? The lender I'm with does not offer a buy to let mortgage at…
-
Right to info for declined further advance?
Hi, my partner applied to Nationwide for a further advance on his mortgage. Should be absolutely no reason why this shouldn't have been agreed, but have been informed today it has been declined, but after asking twice, they have refused to tell him why. Does he have any rights to know wht it has been declined? He initially…
-
Mortgage and Bad credit rating
Hi, I have 6500 of debt which I am paying off through an interest free debt management plan, estimated time is about 18 months to pay it off. I do have one default notice from one of the creditors, not through missing a payment, but because I'm on a plan which they see as not sticking to the original agreement. I have not…
-
Loaning my son money
I have a question about loaning my son money for his mortgage. My son is effectively a first time buyer having sold his house and paid off his mortgage. I overpaid my mortgage with Nationwide a couple of years ago and have around £41000 that they say I can 'drawdown' over 15 years at 2% above the bank rate. My son is…
-
Need a new mortgage with a temp job and defaults!
Hi there! Hope someone can help me. My husband and I currently have a mortgage of £200K with the house valued at £300K. So we have about £100K equity to play with. My husband has a permanent job earning around £42K and I have a temp job earning £28K working for a massive financial company that until 10 months ago employed…
-
Portable mortgage?
Afternoon all, First post here and I'm hoping someone can help, as money matters have never been my strongest point to say the least. I've a £139k mortgage (three-year fixed rate, taken out in June '08) with Intelligent Finance on a property valued the other day at £175k. I'm presently on £37k a year and hoping to move to…
-
advice please
As you can see from my signature i have high debts (although i have just got a credit report from Experian Which is showing my rating as excellant , score 972) I am looking to move house and apply for a mortgage this summer and wonder who is the most likely to accept my application Current mortgage (95K) - 15 years left to…
-
Nice one L&C / Principality
Despite my earlier concerns about being able to get an interest only mortgage and recently having had some high c/card balances, I have just got a mortgage offer from Principality 8 days after making the application, so I am over the moon about that. L&C were the brokers (following this site's recommendations for a whole…
-
getting a mortgage with a DMP
Hi everyone looks like that my partner and i are going to get a divorce, we have 2 children and want to safeguard their feelings which means that my partner and i want to have 2 homes that they can call home. At the moment i owe circa 17k on a DMP that is 18 months old and due to finish in approx 5 1/2 years. We own a…
-
Britannia membership reward scheme
I am aware that this scheme closed on 31 Dec 2009 and that all rewardwould be paid by 31 March 2010. However, I have closed my savings accounts with Britannia and only have a mortgage account that finishes this year. Normally they paid the reward into my saving account. Would they give me cash this year and has anyone…
-
Buy to let problem
Hi, I took out a buy to let mortgage about 2 years ago on a property we were doing up to rent out. Due to our current financial situation we have had to move out of our own house and move into into this house. Does any one know how the mortgage supplier will react if we tell them. are they likely to to terminate the…
-
should we even be thinking about a mortgage?
My partner and I have just got engaged, and would like to buy a house together before we get married. We both currently live with our parents. I've a fairly patchy credit history - I've been late with credit card payments and once a loan payment, gone over my overdraft limit goodness knows how many times etc etc. I've…
-
Early Remortgaging - is it worth it?
I'm after some advice about my mortgage and if there's anything I can do to ease my repayments. I'm in my 6th month of a five year fixed mortgage at a rate of 7.9% over 35 years and my repayments are currently £960 a month. I've looked around and there's lots of much cheaper deals around but obviously there is a early…
-
Best way I can get a large mortgage for half an inherited house?
I am due to inherit half a large house in the not too distant future (from my grandmother who has a terminal illness). I have promised my grandmother that I will do my best to buy and keep it in the family, as her father built the house. It is worth £400,000 at current prices. Problem is, I have to buy the other half from…
-
Natwest - How long to get to mortgage offer stage
Does anyone know the time it takes for Natwest to process mortgages at the moment. From the agreement in principle through to survey and offer. thank you.
-
FTB mortgages
Hello all, We are about to take the plunge we have 15% deposit as we are looking at properties of 100k or less (plenty in our area). I'm not sure who to go with for a FTB mortgage as all the packages look pretty much the same and not very competitive, most also seem to want you to have your account with them before they…
-
funding home improvements?
I am in the process of buying a house for 120k, and have a deposit of 30k. This gives me access to some pretty decent 75% LTV mortgages; however will totally wipe out all of my savings. ( i should have enough to pay for the legals and mortgage applications) My current home is mortgaged to about 85% - 90% LTV. I am keeping…
-
New mortgage with fair rating
Hello, Please can anyone advise. I had a mortgage in the past but split up sold and moved back in with parents I am now renting. I want to start again my credit rating is showing up as FAIR, I have no credit cards, loans etc dont even have a mobile as I get through work. I have a basic account with lloyds tsb have had for…
-
Save Or Overpay Mortgage
What is the best option: Mortgage = £58143 Interest Rate Variable1.5% Min Payment £418 currently OP by £282 pm so pay £700. No CC Debts, Savings £10000, Save £600 pm in minimum interest Saving Acct. Do I make the minimum payment PM? or put the overpayment/savings money into a higher interest paying savings account and make…
-
I got an AIP but didnt declare my 2nd job - will my mortgage application fail?
I put an offer in on a repossessed house last month and the estate agent insisted that my mortgage agreement in principle was credit checked - they wouldnt accept a standard AIP from the bank which doesnt credit score you. To do this i used their in house mortgage advisor, but i was cautious they didnt know my full…
