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Repossession advice- what happens next?...
Basic background to how I ended up at the repossession stage…. Split up with long term partner, whom I had had a child with. Had a 100% mortgage for £85000 which we took out over 2 years ago. She kicked me out the house so I had to find somewhere else to live. I was unable to pay the mortgage on this property and rent for…
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Mortgage with past late payments?
Just checked my Equifax credit report and seen that I had 6 late payments on a store card 4 years ago along with an arrangement to pay that I settled early. Thinking of getting a mortgage with partner who had a squeaky clean credit history. Do mortgage companies take account of mishaps so late back? It would seem unfair if…
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changing to a better deal
so rang up to see if i could change the deal im on as i can reduce my apr by nearly 2% if my property is valued at a sensible price, unfortunately that wasnt the case as the halifax house price index values my property at well under what the house ARE selling for. my property is a 3 bed semi, the price they valued it at…
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To Track or to Stick.
We are in a 5yr fixed mortgage with HSBC,at 5.89%,this runs out in march 2012,we owe approx £56k on our house, present value approx £230k.We popped in our local branch the other day just to enquire what else was available,right or wrong we asked about a Tracker,this is where we would like some sound advice as our heads are…
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Mortgage advice
I am currently in a debt management scheme - is there ANY possibility that I will get a mortgage at all ? Thanks
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When to apply?
Im currently 4 1/4 way into a 5 year fix and im on 4.59%. Im keen to fix again for another 5 years and am wanting to do so before rates start rising. The current rate with my own lender is is 4.39% for a further 5 year fix at 74% LTV. It ends in Oct - when do i apply? Does it make any difference and will it just be the…
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Student Loan affecting getting a mortgage
Hi there I'm hoping someone can advise. I am have a problem getting a mortgage and it seems that my Student Loan replayments are affecting the amount I can borrow - I appreciate that I looking for a fairly high 79% LTV however I am 28 years old, no debts and a £50,000 deposit. My mortgage broker says that I am passing the…
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Moved house - messed up mortgage offer, long story
Hi! We moved last 26th March 2010. We are with the Alliance and Leicester. We ported our original mortgage with 16 years left on their fixed rate and took out a separate mortage interest only on their standard variable rate over 25 years til we got our finances stabilised. We got our key facts illustration and other…
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to port over a mortgage is there usually an
additional cost involved? a family member is wondering if we shoudl sell up first or port over to new property so gets her more time to look around etc. however she has seen a proeprty at the moment. any tips appreciated. thanks
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How Mortgage Lenders evaluate existing debt when applying
Having substantially reduced my outstanding debt to comfortably manageable levels, I plan to apply for a mortgage within the next few months. Before I do I plan to pay off a further chunk of my debt with a lumpsum but would appreciate some advice on which debts to clear in order to maximise the potential of my mortgage…
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More help with FTB, deposits and Credit Ratings!
Hi I am after some advice, but first some details. I am 30 and married to a 25 year old. I earn 38,130 and she 20,500 I have been with the same company for about 4 years and she about the same. We have saved £20,000 and my parents are going to give us £15,000 (they are happy to sign anything to say this is a gift and they…
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Trying to get a Mortgage as a student....
What income would be taken into account when applying for a mortgage as a student ? I have ~£6000 from a part time job, £2200 bursary from a sponsoring employer, ~£2500 from said employer from summer work and a student loan for living costs of ~£3200. Would they take all of these sources of income into account leaving me…
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Interest Rates?
Hi All Just wondered if anyone could tell me what was the typical interest rate on mortgages before the recession and how high are they likely to get in the future? (or probably a better question what was the highest in your experience??) I understand that this is like asking how long is a piece of string but we are FTB's…
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Applying for a mortgage
Hi When making a formal mortgage application after it has been agreed in principle and after conducting credit checks to come to a decision on a mortgage in principle When they do checks on the formal application will they look for outstanding car loans/hire purchase, credit cards etc again? or is it only certain lenders?
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help needed, split with partner, how to take over mortgage myself
Hi, would appreciate any advice anyone can offer. I bought a flat a year ago with my partner, we have recently split. We have a five year fixed mortgage which we have amicably agreed if I am able to I will pay back what he has put into the house and take over the mortgage myself. I have looked into loans to pay him back,…
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GMAC Mortgages Sold to other Companies
About a year ago, my mortgage with GMAC RFC was sold to another company that now manages my mortgage. Does anyone know how I can find out how much the mortgage was sold for? Several years ago, I was unsuccessful for a job interview for a major Debt Buying Agency that informed me that debt is auctioned freely on a daily…
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First Time Buyer with Deposit
Hi there, this is my first time posting after following this site for quite some time. Im after some advice/opinions on the likelihood of getting a mortgage to cover my needs. Iv found a house which I have my heart set on buying... Asking price 190k eek! Im hoping to start off with an offer around 180k, and get it…
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Married, but new Mortgage in one name?
Hello I have a default on my credit record dating back to 2005 (due to no job after having children!). It 'goes' in September this year. Last time we moved house was 2004, no problem getting a mortgage. But I am aware things have changed a lot since then. We need to move house ASAP this year to get 3 bedrooms. We do not…
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Urgent Mortgage advice (any advisors?)
Hi all, forgive my kind of ignorance in realtion to how our mortgage works but i need to clarify in my mind that what i am thinking is correct please, and if i am correct is to ascertain s to what i can maybe do. In march 2008 we bought a house from Barrats on 75/25 basis. we own 100% of the house but for 75% of its…
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Credit check report - Does checking harm chances of mortgage??
Keep hearing different things on this one, some saying that lenders can't see how many times you have viewed and some saying don't check too often. Does anybody know? Thank you!
