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Mortgage help for FTB
Hi guys and gals My partner and I are trying to get a mortgage for a new build that is £150,000. We have a deposit for £22,500 and had an AIP with the post office (before we found the house) but they only do mortgages for new builds if you have 25% deposit. We both work full time (salaries of 20,500 and 23,295) have no…
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Can a partners bad credit rating affect my good one?
I'm currently in the process of trying to get a fixed rate mortgage as my current deal has finished. It looks like the only way I'll get it is if my husband and I go for a joint mortgage (it is currently just in my name as I had the house before I married him). Can his bad credit rating affect my good one if I take out a…
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what to do ill explain
i jointly own a house with my mother we bought it 5 and a half years ago over 25 years at 145000 with a mortgage of 97000. my father died and ive sold his house the estate is 83000 my mother paid 5500 to do the house up to sell which leaves me with around 78000 cash with around 88000 left outstanding on the mortgage and…
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Mortgage not what we were sold.
I'm not sure if I've just made a mess of this, or if I genuinely have cause to be concerned. Around 18 months ago we remortgaged to a new provider. The provider in question has their own branded high street outlets that we went to to discuss the mortgage with. I should hasten to add they were very clear they could not…
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Severed joint mortgage question
Hi, new to the board and so be gentle!:) I'm currently living with my partner in a property which is owned by himself and his ex-girlfriend. She moved out of the property over 2 years ago (a moonlight flit!) and has not contributed to the mortgage or bills since this time. She also took with her the majority of the items…
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MSE News: Rics: house prices to fall 2% in 2011
This is the discussion thread for the following MSE News Story: "Values are predicted to edge down next year but a shortage of homes on the market should prevent bigger price slides ..." Read the full story: Rics: house prices to fall 2% in 2011 This thread has been posted here because the 'debate house prices and economy'…
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Halifax 20% Overpayment Promotion
Hi, In my mortgage offer states that I'm allowed 10% overpayment each year for the first 2 years. I just called Halifax Mortgage department to arrange an overpayment. And been told by Halifax there is a promotion offer that I can actually overpay up to 20% this annual period without a penalty. The promotion offer is valid…
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Joint mortgage but different deposits
Planning to buy a property with my partner. One of us has a bigger cash deposit available ie. House £200k Partner 1 £50k deposit Partner 2 £20k deposit Mortgage taken £130k We would like to owe the property 50:50 Is it possible to take on different shares on a joint mortgage? (I know this sounds stupid) How would that work…
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Mortgage and credit card help please!
I would really appreciate some quick mortgage help please. First the background – I have a house with a friend but we are planning on selling in the Spring. At this point, I will probably move in with my OH, but I am thinking about still buying another house, whether it be a ‘let’s port my cheap mortgage and have one in…
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Best way to borrow 100k for a maximum of a year
Hi, wondering if anyone can help. I have been a long time lurker and have read lots of posts and terms and conditions of many mortgages but don't really seem to find anything that applies. We own our current house outright(no mortgage). We have just bought the house next door outright. We want to renovate and extend this…
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Post Office have refunded valuation fee - guess they've turned me down
Passed through the agreement in principle okay. Fill out full application form, and though all would be okay. I haven't heard from them yet, but they have refunded my valuation fee. I can only think they have turned me down. I will phone them when the re-open tomorrow. But in the meantime does anybody have any views on…
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Notice of Re-Mortgage fee
Hi, I am remortgaging my flat with a different mortgage provider and requested some information from my Estate Management Company (Buildings Insurance schedule & policy and Service Charge receipts, which they sent) and they've told me they charge a fee for dealing with a notice of remortgage of £75 + VAT. I'm not entirely…
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Confused about mortgage refusal
I applied for a remortgage with Yorkshire bs on the 2.89 2yr fixed deal! We are currently 3 years into a 5 yr fixed rate with Nationwide but because that rate is 5.44 and we wanted to borrow more for some home improvements it worked out cheaper to pay redemtion and get onto better rate! I applied to yorkshire Bs yesterday…
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mortgage declined appeals!
i applied for a mortgage and got declined, my credit rating is good, my salary is good. i have never missed a payment or defaulted EVER!!!!!! but it got turned town. now when my broker told me this he said he will appeal this because it only declined due to a computer based credit scoring system. I gave him a copy of my…
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FTB looking at flexi offset via employer - advice?
Hello all. I am currently renting from my parents a mid terrace 2 bedroom house. They have told me that if I can secure a mortgage they are happy to sell the house to me at what they bought it for as they have taken rental income from it over the past 5 years and are happy to help me get onto the mortgage ladder. I work a…
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MSE News: Are pre-booked mortgages good rate rise shields?
This is the discussion thread for the following MSE News Story: "Borrowers worried about rising costs can reserve a fixed deal for up to seven months if they don't want to commit yet ..." Read the full story: Are pre-booked mortgages good rate rise shields?
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sorry to be thick
we been told that our mortgage has gone to offer what does this mean and how long does this take for us to get our mortgage
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Shared ownership with parent
Hi Is there a mortgage product which would allow the following arrangement: Son purchases property for him and his family to live in. He would provide 50% of the purchase price through combination of a deposit and mortgage loan. The mother would purchase the other 50% in cash and charge a favourable rent to the son. The…
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Help Please?! Default Explanation...
I am in the process of trying to obtain a mortgage to purchase my first home. My mortgage advisor is in talks with one of the well known high street banks, who appear to be considering offering me the mortgage but they have asked for a few things from me before giving me a decision... They have asked for my payslips,…
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Explanation of Default Letter for Mortgage Lender
I am in the process of trying to obtain a mortgage to purchase my first home. My mortgage advisor is in talks with one of the well known high street banks, who appear to be considering offering me the mortgage but they have asked for a few things from me before giving me a decision... They have asked for my payslips,…
