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Change to Repayment?
Rang my mortgage company today regarding the house i let out. I found out the following : Balance £95k made up off : £22k repayment, fixed at 6.99% until 2/9/11 £73k IO @ standard variable 4.24% They advised there are no better deals/rates available for me :( . I pay £430 a month and receive £450 from tennant. I asked…
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Multiple mortgage in principals
Hello My partner and I are first time buyers and would greatly appreciate some advice regarding mortgages. We already have an agreement in principal using a mortgage broker. We would like to shop around, possibly going direct to banks and building societies but am worried that doing this too many times may adversely affect…
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Mortgage offer declined
Hi all, I have just been informed by my mortgage broker that my mortgage offer was declined by the building society I applied to. I am currently trying to buy a shared ownership property and the mortgage is for roughly £46000. I stupidly didn't check my credit report before I applied as I completely forgot about 3 late…
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mortage holiday
My husband was self employed for over 30 yrs the work has dried up and we owe tax and our accountant we have loans to try and cover the buisness and now he has a new job. He used to earn £800 per week he now earns this a month, we have five loans which will finish at the end of august. We are thinking of asking for 4…
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CAB questions perhaps a mis-sold mortgage by NR
Hi I hope someone can point me in the right direction. My local CAB have told me it looks like I was mis sold our NR mortgage 5 years ago, I asked if she could ask where to go to get sound advice, and she sent me here lol, she told us to be careful of companies that would rip us off. I have googled and its a minefield,…
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Mortgages for a Park Home?
Hi Guys I was just wondering if you can get mortgages for a park home? You know, those things a bit like mobile homes but they look like little houses? What are the "gotchas" with park homes? Thanks
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Unmortgageable Property
I am currently looking to purchase a property which an estate agent has told me is unmortgageable due to the fact that the property has no kitchen or bathroom. has anyone ever heared of someone making a conditional offer to the seller, which would allow me to go in, install a kitchen sink, bath, basin and toilet to allow…
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First time buyer with bad credit
Hi Everyone, I am looking for a bit of advice please? Or if anybody has been in a similare situation. Me and my boyfriend are wanting to buy our first house. He has a good credit history no missed payments. But my credit history is not so good. I have 3 defaults (2 in 2007 and 1 in 2008) Do I have any chance of getting a…
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Mortgage Advice for Self employed
Hi, After some advice for sis and her dh. She is a housewife and he is self employed, turning over £60k worth of jobs in the last three month. They have accepted an offer on their property for 500k which they've accepted, leaving them with around £240k equity for the next property. Problem has come when they've been told…
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Will additional mtg borrowing affect 0% credit card application?
Im in the process of additional borrowing on my mortgage, for home improvements and am currently shifting a credit card debt between 0% offers, I have approx £10k remaining and am due to switch it again in August Will the recent additional borrowing on my moergage affect my credit card app in any way? My cc debt has…
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mortgage help
i am considering doing a fix at 4.77 for 5 years. my mortgage balance is 56500 and was adding a loan of 6500. i wanted to try and pay my mortgage earlier, i had 15 years left but my bank have put me down for 19 years. will it make any difference, if i am overpaying.
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Joint Mortgage - 1 person on a Fixed term Contract
Hi I am currently in the process of applying to HSBC for a joint mortgage. We have been informed that due to my wife being on a fixed term contract, our application will have to go to the underwriters. Is this something to worry about as i have heard rumours that HSBC are pretty strict? and, is there anything we can do to…
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Trying to find a lender for house split into 2 currently but going to be used as one!
Hi all, A query on behalf of a friend because I know that the advice here will be far better then any broker! Friend is trying to purchase a house which is currently classed as a single dwelling by the land registary but split into two with one half being let out as a holiday let. They intend to "return" it to a single,…
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Can anyone help explain this?
I've not posted on this board before so please be gentle ;) I wondered if anyone could explain to me in basic english why the following would happen :o My parents have 12 months left on their mortgage. They have finished a fixed rate mortgage last month (May was to be their first month on Variable rate) and have one year…
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Redemption help
Hi all, im trying to get a redemption figure for my mortgage from Kensington mortgage company. They really seem to be dragging their heels with it. They sent me a settlement figure but said that i can only pay it off after ive received a certificate, which i requested them to send me. Two weeks later and nothing. Again i…
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Qualifed Advice/Help Please
Dear all. Could you please advise me on the following. I am in a little bit of a pickle and not overly sure which way to turn. I have a house, that we have lived in for many years and very much loved by all the family. Kids are settled in school and my wife works in a hospital close by. Problem is: I have been unemployed (…
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Scottish Widows
Hello, Does anyone have any experience of how flexible Scottish Widows are on mortgage lending criteria? I have a good credit record (2 credit cards cleared every month, no defaults, on electoral roll etc) *but* as a result of one lender inexplicably declining me after giving an AIP and a broker foolishly running an AIP…
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Anyone had a Mortgage with Accord?
Hi all I am about to get a mortgage and am going for an interest only offset. My choices are between Santander or Accord with Accord being the far better rate. I've found some mixed reviews about Accord online but the bad reviews come from a site that I don't think is entirely credible. The few other reviews I can find are…
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Bank Statements
Just wondered if when appyling for a mortgage, can you use bank statements instead of wage slips?
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mortgage application issue
Hi. I have recently applied online for the hsbc fee free tracker mortgage. I was then called by someone from hsbc and they said they would send out an application form and I would be required to fill this in along with id's, payslips etc... The mortgage application will just be in my name, but one thing the advisor asked…
