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Refused Co Op Mortgage and they wont say why!
My boyfriend and I recently entered into a shared ownership scheme and found the perfect place. Our share to buy advisor took all our information and got us an agreement in principle with Co Op mortgages and all was going through fine. However, yesterday when I got home I had a letter to say that Co Op had refused us on…
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Mortgage for Home Improvements but unemployed?
Hi, I own a property outright with no mortgage and it is probably worth between £200-240k. I want to do a conversion to increase value in both rental and sales terms. Initially, after the conversion I will be renting it out so that extra income from the conversion should, in theory, cover most of the mortgage repayments.…
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Mortgage credit check question.
Hi All, This is my first posting so please go easy on me! A friend of mine reckons that a typical mortgage lender will only look at the past three years of your credit record in order to decide your credit-worthiness for a re-mortgage. As I have a settled default that is almost three years old, I would be interested in any…
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Rateguard
Just had a visit from a mortgage advisor. Currently am on a variable rate of 2.5% so they didn't try to sell a new mortgage to me but did push an insurance product called RATEGUARD. For a set monthly premium you can protect your martgage rate (+1%) so that if my rate went above 3.5% they would pay the extra cost. Does this…
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Ditched my fix, now what?
In January we ditched our 5.39% 5 year fix (at the end of the 2nd year) and paid about 4.5K for the pleasure. The mortgage was 225K but as the ERC was added onto the mortgage is is now back up to about 229K. Our LTV at the time was around 60%. We switched to a lifetime tracker of 1.89% above base and, at the same time,…
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Help please! Mortgage Application
My husband and I are looking to buy a house at present. We have a 15% deposit which is mainly his savings. I have some savings we are keeping for emergencies. He has an excellent credit rating. Mine whilst is good now (I think), havent missed a payment on anything in five years, I do have a default that is due to fall off…
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Reduced rate on offer since application made
I've just received my 2 yr fix mortgage offer on my remortgage from Woolwich at 3.35% but I now see that they are offering the same 70% LTV mortgage at a rate of 3.18%. I'm not due to complete the remortgage until the beginning of July. How would I go about getting the lower rate? Would I have to pay fees. It's only £20 a…
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Help
In 2005 my dad thought he had paid off his mortgage. Then unfotunatley he came down with dementia. One year later my mum who was now dealing with a man with demetia started receiving letters and phone calls telling that she owed them money on her mortgage. She thought it had been paid off and did nothing about it. These…
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a question for the experts....
One month ago I re-mortgaged from NBC to HSBC onto a fee free tracker. I now find myself in a position whereby I might move house and significantly increase my mortgage. Is there any financial implication that I am unaware of IF I was to move from HSBC? #thanks in advance.
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At the end of my fixed term....
.....what are my options ? I'm on a fixed term interest-only @ 7.45% (I know, I know....) which ends in 2014. Three years away, I know, but I'm not sure how these things work. I'm not sure what my LTV will be at that point, but I have a feeling that it will be more than 90%. How do I start paying a repayment on the same…
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moving house with self cert mortgage ?
I have an existing self cert mortgage thats about 5 years old, we are thinking of moving house but i'm unsure if i can move my current deal to a new property, what i don't want to happen is i sell my house my self cert mortgage is paid of from the funds from the house sale and i can't then get another self cert mortgage !!…
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is this complicated scenario doable?
looking for some advice if possible i have a property i am in the process of selling (early stages) mortgage 1 i have purchased another property (latter stages) mortgage 2 (to avoid a bridging loan) i am hoping to port my mortgage across from property 1 to property 2 when the sale of property 1 completes but am unsure as…
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Re-Mortgageing with negative equity
Hi all, hoping for some advice if pos :) Our fixed rate mortgage with nationwide is due to end mid 2012. At the moment we are on the cusp of being in negative equity - the property is worth around £95-£100k and the mortgage is on about £96k. As I understand we will be put straight onto a variable rate mortgage…
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Mortgage credit help please
Hi I have recently sold a flat with a view to my partner and I buying a house together. However, our initial mortgage application was refused due to "something in my credit rating". Having looked at the credit, I found a loan that i had recently settled was marked as late payment in Feb. I contested this and the loan…
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Mortgage with a ccj
Hi, Am currently looking to by a 30% share of a property which equates to £48600. I have had a CCJ for 3 years now, and am wondering would it be better to go to a broker to find me a mortgage. My credit score is fair, last score was 752, and i have a 10% deposit, can maybe go to 20%. Any advice would be appreciated. M
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MSEers Act Now: WP Policy? Missold Endowment? Reattribution Bribe? FSA wants to hear!
This affects many of those with Mortgages and who have or have had Endowments, but don't respond here. Go to this thread: MSEers Act Now: WP Policy? Missold Endowment? Reattribution Bribe? FSA wants to hear!
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Refused HSBC mortgage and not quite sure why...
Hi all, I've recently been refused an hsbc mortgage and I'm really struggling to understand why. It's a joint application, we both have perfect credit scores, recently paid off £15k of debts on loans and credit cards, are asking for less than they say we can have but they've refused on the grounds that we've exceeded our…
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Lancashire Mortgage Company
We have an offer in principal for commercial mortgage of 50% of value. I have been reading some not so good reviews about this Company, which is a subsidiary of the Blemain Group. Can anyone advise if it is approved, are we doing the wrong thing ? Many thanks
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Deposit issues
For some time now my girlfriend and I have been saving for a deposit, however alongside this I have been paying off debt (not a great idea I know). The point is this - very shortly one of us will have twice as much saved as the other and this worries us both that she will be paying more deposit because of my financial…
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Mortgage....
Hi, My sisters and I are looking at getting mortgage. We have a total annual income of £69k. How much mortgage could we take out? Thanks in advance
