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Should I use savings to pay off mortage?
Edit Sorry,. found the thread about paying off mortgage. Mods feel free to delete.
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Re-mortgage Advice/Adverse Credit but equity in House
Am seeking some help and advice on the possibility of getting a re-mortgage and any advice would be very grateful. Here are my circumstances. I currently have a mortgage of £105,000 on a property bought for £113,000 in 2007. The property was in need of renovation and had a single story extension at the back of the property…
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Will my buy to lets affect my new mortgage application?
Hi, I have 3 buy to let properties and my main residence. The btl are all let out and the rent covers the mortgage. I have had an offer accepted on a house. I want to move from my main residence to this house I want to know if my buy to lets will have an affect on my credit rating in a negative way with the underwriters…
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Mortgage Holidays
We have just been refused a Mortgage Holiday from Nationwide, despite us meeting all the criteria we are aware of. We have had our mortgae for over one year. We do not owe more than 80% of the property value. We have never missed a repayment. Despite all of the above, Nationwide tell us we do not meet their criteria. They…
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Mortgage for a property abroad..?
Hi. We are in the process of buying a property in Greece. We have found a bank in Greece willing to consider us for a mortgage - but then our UK bank wants to charge us £25 per month to transfer the mortgage payment... and that is manually each month. Poor! Can anyone advise us of a UK bank that can offer us a better…
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got mortgage offer today - yay!! will credit rating be up or down?
Someone told me today that when you get approved for a mortgage your credit rating goes up. can anyone confirm if that is true or not thanks
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mortgae broker
How much will a broker charge for sourcing a mortgage and how does it differ from going to the lender direct?
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remortgage deal - best?
Hi, our mortgage deal is finishing at the end of this month - a tracker at 0.59% over B of E. We have found a lifetime tracker with HSBC with no penalties for over payments at 1.89% over Bank of England base. NO closure fees. For life of mortgage. What do you think?
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Mortgage deal ends in 12 months - questions
Hi all, I borrowed 225k four years ago and rightly or wrongly went for a 5-yr fixed :o Anyway next year will be time for me to renew the terms but I've never done this before so I have some very basic questions: 1. Is what I'll be doing termed a 'remortgage' or something else? 2. How soon do I need to start the process. 3.…
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Question: Covering mortgage for retired parent
Dear All A spot of help please. If my elderly mother (currently renting after selling up) provides 70% of the cost of a flat would I be able to cover the remaining 30% by a mortgage? I would like to help her buy a nicer place than she would be able to otherwise afford. She is retired and getting the absolute minimum in…
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Lost Will
My aunt has passed away following a house fire and we are now struggling to come to terms with dealing with the estate. So far we have not been able to locate a will within the property or any details as to a solicitor/bank who might retain a copy. Is there any central registry for wills in the UK and does anyone have any…
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Help! Mortgage refused due to no credit history
Hi everyone - I could really do with some quick advice! My boyfriend is buying a house, he's found the one he wants but has just heard that his mortgage has been declined due to him having no credit history. Seems crazy that because he's reached the age of 41 and NEVER had any credit (cards, loans etc) that he's seen as a…
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getting away from sub prime
Hi there, I've a few issues which I hope someone out there will be able to advise me on. I have got a sub-prime mortgage with Start Mortgages, the property was bought for 235,000, 160,000 mortgage and the rest cash. The property is rented at present but is still not covering the monthly payments. I tried selling but I…
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Northern Rock Affordability check.???
Today been informed that me and my wife will have to fill out an affordability check form before we can apply for a maternity mortgage break. Does anyone have any idea if this check includes a credit check and if anyone has ever failed the check as i now have a paranoid wife as we dont have the greatest credit rating. Any…
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First Time Buyer Advice
Hi, I'm a first time buyer and I've got a few questions which I'd love advice for! Firstly, I'm currently travelling on a 6 month sabbatical from work and would like to get a mortgage as soon as I return in January. I return to my company in January and I've noticed that mortgages seem to require a minimum period of 3-6…
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FTB- Mortgage Help PLease?!!!!
Hello all, posted this in the house-buying, renting and selling board but thought perhaps someone here might be able to help....I hope!!! I've been a lurker for a while but don't often post. But I'm getting quite stressed and worried and wondered if you lovely people could help? We have been looking for our first home for…
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Important! Have you received an email to your forum name?
Important! Have you received an email to your forum name? If you haven't noticed it on the main page! Only just spotted it myself & I'm on & off here quite a lot. http://forums.moneysavingexpert.com/...4#post38540064
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Options
Hey guys, at a bit of a loss as to what the best option is for us. We are both currently students and due to start jobs next year, both on about 21-22k . These are both 1 year contracts. We have no deposit saved and 5k in overdrafts between us, uess it makes sense to pay this off straight away whilst it is interest free.…
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Remortgage Advice
Hi Guys, Been lurking a while, and can't seem to find a search which is relevant to the information I was looking for. Currently the LTV on my property is around 8%. (24.5k left on mortgage, 350k property valuation) I have some unsecured debts which I would like to clear off completely, as well as invest in improving the…
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Will this type of use on the plannig for the property stop me getting a mortgage?
Hi I've got good credit, great deposit and the property is not over priced. I'm looking to get a mortgage for a property with use as: 'living accommodation with drop in centre', but I would just be using it for living accomodation. Will this make it more difficult to get a mortgage? I don't want to pay valuation fees and…
