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Halifax Mortgage Appeal
Hi I was hoping that someone would be able to provide me with some hope?advice. I have recently gone through a broker and applied for a mortgage with Halifax. It did not even pass the credit scoring stage. I got a copy of my credit score from Experian and I noticed that Orange have placed a default on my credit file for…
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Plenty money, bad credit
ok so here's our problem, (apologies if this is posted in the wrong area) Due to the imminent arrival of our second child, my fiancee and i would like to move out of our 2 bedroomed house into something a little bigger. Easier said than done. The problem is basically i have a poor credit history (i have 2 defaults 1 with…
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Can I be a mortgage lender ?
I want to sell my small out-of-town flat. I know a couple who want to buy it at quite a reasonable price. They are offering to pay £700 per month. I have the relevant tables to calculate the repayment period at this rate for the value we have agreed. Can I just go ahead and set up the necessary arrangements, with them and…
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Mortgage Advice
Hi, Im looking for my very first mortgage, i have looked at a number of banks etc however im confused by the Mortgage Calculators for how much i would be able to borrow Some companies ask for existing debts and other dont ask at all, When I fill in the ones asking for existing debt i end up with Nearly half as much as the…
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Convert to a Loan or Not
I have 2 Credit Cards Card 1 - £3700 limit - balance £3550 Card 2 - £1900 limit - balance £1800 I have recently applied for a mortgage - selling existing house which is in negative equity and have enough to cover that plus 10% deposit etc. I have been turned down and told that i need to get the balaces down to 70% of…
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Is it possible
my OH and I are likley to get a mortgage? We have several defaults around 2years old. We have at presnt 15K to put down as a deposit and would be looking to buy for around £115k. If we leave it another 12 months we can increase our deposit by an additional 6k. OH salary £26000 Mine £13000. We sold our house last year and…
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Bank of Mum and Dad - Deposit for Kids House
:)Hi, We are both in our 60s and own our house outright. We are both still working and have a joint income of 65k pa. WE want to help our kids get on the property ladder, they are renting at present and have no way of raising a deposit of 60k or so. What would be the best way for us to help them with the deposit. I…
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FTB - Mortgage Advice
Hello all. Firstly I apologise for the extremely tedious thread title, but advice is really what I need. My girlfriend and I are looking into buying a property together, this would be our first property. I, regretably have debt on Credit cards (totalling £10k) and a small £65 odd a month loan repayment to Northern Rock.…
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Arggg! What fixed rate term would you choose?
Hello, I've recently built a house and I'm about to transfer a £175 k overdraft to a mortgage, It's my first mortgage and I'm pretty sure I want a fixed rate for a while , should I go for 3 or 5 years? It costs £60 a month more for the 5 year term, i'm not too bothered about this but I really don't know whats best. Anyone…
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How many times is it safe to re-apply (once declined)
As some of you know, we were rejected by HSBC quite out of the blue so we sourced a broker. We've since been declined due to our credit rating with another lender. The broker has another possibility in mind but should we just cut our losses now and get out relatively unscathed? Or should we gamble once more and still try…
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Mortgage advice
Hi I bought a property 2yrs ago. it is now coming up to the end of the tie in. i am currently on a fixed rate at 5.5%. the house is worth 150k and the mortgage is currently 112k. However since buying the house, my parents have signed over their house to me. So in effect i now own a house worth 175k (mortgage free). I was…
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Repossession Help Needed Now Please!!
Hi all My relative has been given basically seven days to clear any items from his property. He has fallen into significant arrears and the mortgage people are asking for 8000 before considering halting the reposession and also details of income and outgoings and how future payments will be made. Is this standard practice?…
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BTL figures, opinions please
Hi everyone, I have a couple of questions. I am thinking of buying a new 1bed house in city centre for £95k with a new tenant on 6month contract. The retail value of the house is £130k it was brought buy my friends investment company & is available for £95k I went to the bank yesterday. I have a £70k mortgage @ 0.75% on my…
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PPC ASM Stack Frames on Wii
Dolphin is an emulator that can run games from both the Nintendo Gamecube and Wii systems. It can run quite a few games from both systems perfectly and many others with just a few flaws. Of course, being a work in progress means that many games are quite broken and others need configs to be tweaked to get working properly.…
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Remortgage?
Morning all, I'm looking for some advice here on whether I should remortgage or not. I'm currently 4 years into a 15 year (this seemed like a good idea at the time) fixed rate mortgage with Northern Rock. It's a fixed repayment deal at 5.49% for the term. I currently have an outstanding balance of £63k from an original…
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Borrowing amount for 1 or 2 persons.
I used the "How much can i borrow" calculator on here and at first i said i was 1 person applying and just combined my partners salary to mine. It said i could borrow up to £228,000 Next i said was 2 persons applying and split our income.Now the borrowing amount went down to a max of £160,000 Why is that?
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Bank goes bust scenario...
Just a hypothetical question really. Sorry if it is an obvious answer, but I do not know the answer so it can't be that obvious! What would happen if the Bank my mortgage was arranged with went bust? Who would I pay the mortgage to for the next 20 years?
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First Time Buyer..Almost In
Just had a letter from my Solicitor I propose sending my Certificate of Title to Abbey requesting the mortgage advance for completion on Wednesday 15th December. So what point am I up to? Also he has asked about house insurance which I know i need before completion. But when ever I get prices they all want policy start…
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Need Mortgage advice
Hi, My name is Meena and I am new to the forum. I feel that I have unique mortgage situation, because I can't seem to figure out what to do. My dad bought a condo with the mortgage in his name at 8%. He put his, his wife and children's names on the deed. He took out a 30 yr mortgage in 1992. He passed away in 1997. Since…
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Will the bank let me do this?
I've got an fixed rate offset mortgage (5%) with an ability to draw another 50% should I need it. I want to take out an additional mortgage with my provider on my existing house to take advantage of the base rate +2% they're currently offering, and use the proceeds to put against my 5% offset and decrease my net interest…
