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Applying for Mortgage with 743 credit score
Hi all, in need of some advice. Myself and my partner are about to embark on appyling for a mortgage. We have roughly £87000 equity after current mortgage is paid, are expecting £7000 fees, want to pay off all outstanding credit which will be 30000 which will leave us approx £50K deposit. Mortgage value we will require…
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Help to understand position on Mortgage Promise
I visted a mortgage broker this morning and went through all personal details and finances. Information was put through there systems and generated a few mortgage offers. I had placed a soft footprint check with Halifax. They gave me a Decision in Principle. I bank online and seen that the mortage DIP had been added to my…
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shared ownership mortgage question
Hi everyone, :) I wont go through the whole process but i applied for a mortgage, and called today to check how it was going as i was accepted in principal then went onto the full mortgage. they said they have sent a query back to my broker which is: On the memorandum of sale from the housing association they put mine and…
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offset mortgages - how do they work
Say I want a mortgage of £50000 and I offset it with £50,000 with the offset mortgage provider what would I save in repayments (Interest and capital) What if I were to offset it with £100,000? Basically I don't want to tie up all my capital in property. cheers fj
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Being able to buy the house next door??
This is the first time I've posted so hope this is in the right place! Anyhow, we would love to move house but in the current climate we think it would be difficult to sell our own property. Our house is worth £80000 and we still have £35000 outstanding on our current mortgage. The house next door has been up for sale for…
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Mortgage Deposit from a Personal Loan
Hi, My husband and I can only raise a deposit by getting a personal loan. We have done all the calculations and we can afford the mortgage repayments and the loan repayments. Does anyone know which lenders are open to the idea of the deposit being from a personal loan? We have good credit and no other loans and my husband…
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FTB, Personal loan outstanding.
Hello all, We have an appointment with an independent mortgage advisor 14/09/10 to discuss our mortgage options. My partner and myself are looking at a joint mortgage for a property no more that £100,000. We have a £10,000 deposit. We have a personla loan of £8,000, around £300 left to pay on a sofa and also small…
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Advice re joint mortgage/rent where ex refuses to pay
Hi. My ex partner and I bought a flat on a shared ownership scheme - we jointly have a mortgage on 50% of the property and pay rent on the other half to a private housing association who own the other half. 3 years later my ex and I split up - I had nowhere else to go so stayed at the flat and my ex moved out. Fot the last…
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endowment surrender
i owe 10.000 off my home and i am cosidering paying it off it has 9 years left my endowment surrender is worth 11.000 and 16.000 forcast in 9 years time. The mortgage was 34.000 but paid shortfall off over the years is it wise cashing in now
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Non standard construction, mortgage?
I have a friend who is hoping to buy the house that she currently rents. However, it is non standard construction, as they say. Actually it is a wooden house, not just a timber frame house but mainly made of wood, clad in cedar shingles, with a tiled roof. It is 45 years old, it looks ok, it does have a bit of damp but its…
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applying for mortgage as self employed
Hi all, can you please advise? I am a part time nurse earning at present about £1500 x month. I have been part time because of studying, but have recently finished my studies. I am now looking to sell my 50% share in my housing association house and apply for a bigger mortgage with my partner. I think between us we will be…
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tenerife mortgage-buy to let wanted
hi just joined I need a buy to let mortgage in tenerife, I own one apt out right, valued at €220k, i need €200k to buy another, Whats my best plan ? I dont want to remortgage any of my uk propertys. TRG
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Should I buy the rest of my shared ownership flat ?
I am really stuck as what I should do? I bought about 55% of a £220 000 flat in London in 2007 My mortgage is roughly £400 a month rent £300 = £700 I am freelance now so not sure if I could increase mortgage. I have £30 000 cash. I could try and borrow £55 000 loan from a family inheritance over 10 years at 4% to make up…
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PM from Mortgage Broker
I had posted on here a few weeks ago re my remorgage and have just noticed a PM I received from some guy saying he is a broker and asking me to give him a call = mobile number and email address listed are they allowed to do this??
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Mortgage Approval Process Query
I'm a FTB who applied for a mortgage through a mortgage broker over two weeks ago. I have been informed that the underwriters have reviewed my application and now require 2 proofs of address, proof of identity and latest P60. Does this mean I have been provisionally approved and as long as the documents required confirm…
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Default of Credit Report
Will a default of £26 stop me from getting a mortgage? Thanks, Flick
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19 month mortgage application- any ideas to go quicker?!
I originally put in an application for a transfer of equity as I split up with my boyfriend and we agreed I could buy him out of the property. This was back in February 2009! Since then through a combination of Barclays and Optima Legal there has been a number of errors and appalling customer service including: lost…
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How long before you can apply for a mortgage
Hi Guys I am currently tied into a fixed rate mortgage until APR 30th 2011. I really like the look of Yorkshire banks 4.99% fixed for 10 years. How long before my fixed rate deal is up before I can apply for and get a mortgage in principle with them. I cannot get out of my fixed deal without paying over £6000 right up…
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Bad Credit Mortgage... Help!
Hi All I am in need of advice and am hoping someone here can help. I know you have probably heard all of this before but any help is greatly appreciated. My situation is that I have a default on my credit file which I got while at university. The default is for £313 and is just over 4 years old now. I would really like to…
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How to take Ex's name off deeds?
Hi All! Divorce means I've to pay off mortgage & put home into my sole name. Solicitor wants £600 for this!! Wondered how much work I could do, instead of them doing it ? & paying them less £$£$ of course. Not sure where to start. Input appreciated, thanks in advance! VB
