-
Really need some help with my mortgage problems....
Hi all, I'm hoping someone can help me with my current dilemma... I have had a mortgage for 5 years (I have an awful credit rating but luckily got this mortgage when my credit wasn't so bad and the financial world wasn't as it is now!) my house has £40k equity, £20k of which I owe to my mum as she lent me this for a…
-
I need an Advisor for help with Endowment Redress Calculation
Hi - I have complained to the company that sold my mortgage endowment and they have agreed it was mis-sold. They provided a compensation figure assuming I was still with my original mortgage provider using the SVR. However I have had different rates applied and paid off some of my debt therefore am trying to work out if I…
-
Mortgage advice needed, self-employed
Hi. first post here though regular mse reader looking for some advice. Myself and girlfriend have rented for the past year and now want to buy as hate throwing money down the drain, would rather pay the same or thereabouts into a mortgage each month. problem is i am currently self-employed (though looking/applying for full…
-
long term mortgage planning advice needed
Hi, I could do with some advice from the experts here about where to go long term with my mortgage etc. First, the background. I separated from my partner (non married) about a year ago, we are both joint owners of the property where I live. (she moved out) there is an interest only mortgage, of around £235k against a…
-
Interest only at low rate, or Repayment at high rate?
There's only one way to find out... FIIIIGGGGHHHHHTTTTTTT! Or, er, ask here. We currently have an interest-only mortgage (with Stocks and Shares ISAs supposed to repay the capital) on a lifetime tracker at base+0.55%. We're moving house and will need to take on additional lending. Barclays (nee Woolwich) will let us keep…
-
What are the chances?
I have a mountain of debt from a failed business. This is currently being addressed by a Debt Arrangement Scheme (DAS) situation and I have paid 17 installments of 94. After the DAS was in place, my wife was made redundant and now has another job on a lower salary. For the past year we have stripped back on most everything…
-
Mortgage Calculator for Tracker Mortgage?
I am looking for a mortgage calculator which can factor rises in the base rate on a monthly basis. If anyone could provide a link to one, that would be fantastic. Thanks Ray123
-
Nationwide - always slow?
Application has been with them for nearly 7 weeks, they had one minor issue that we had resolved with them about 3weeks ago, whats taking so long?
-
Is this plan possible?
Hello..... I just have a few question... me and my partner are looking at buying a property but we are struggling for a deposit. We have seen a house that we like that has recently been reduced from £170000 to £160000. My first question is .... if we ask the vendor to put the price back up to £170000 and buy it for this…
-
Mortgage question
Hi, I had a default which has been cleared from my credit file for over 12 months now, there are no CCJ`s, I am applying for a 1st time buyers mortgage and using a financial advisor, will I have problems obtaining a mortgage? Cheers...;)
-
Deposit terms - Freeing up assets
Hi all, we're new here, but avid readers. We're looking at getting back into the housing market (we've been out a while). We put our savings over the years into usable things - like a camper van, company shares and so on. We're possibly about to liquidate those assets to use as a deposit so that we can get a mortgage for…
-
Address use for mortgage credit checks - advice please
Hi there, I hope someone could help me, I'm looking to buy a place for the first time in the next six months after 8 years of saving!: Some background: - I currently rent from a friend in Central London, but my parents live just outside London - All my bank accounts are registered at my parents address, but I am registered…
-
How does wanting to up a Mortage work?
Lets say currently I'm in the middle of a 5 year fixed for 5% for £100k, but if I was looking to move and wanted to borrow more, say an extra £50k, therefore total £150k, how does it work? Obviously dependent on approval, but will the extra £50k be part of the current terms etc.?
-
FTB - Should I stick with Brokers recommendation
Hi all, I am a prospective first time buyer. Up until now I have been using a mortgage broker as I wasn't confident on my credit history as I have lived in 4 different properties in the last 3 years and had a dispute with my credit card provider which dragged on for a year but wsa resolved in my favour. The mortgage broker…
-
FTB - successful AIP but no document
I am a FTB and also a contractor. I went through a broker specialising in contractors and they have been very helpful. I decided to obtain an AIP with the propossed lender to see how much I can borrow and so I went through with the credit check. The response from the lender was positive but the advisor has informed me that…
-
Returning to the UK. Buy? Rent? Credit history etc advice!
Hello. I'm new to this forum and have been reading and learning and now hope that people here will offer me some advice please. :) I also hope I have chosen the right section of the forum. My hubby and I are returning home to Britain after 20 years in the USA. HOOOOOORAY! We are planning to return next year and are keen to…
-
Mortgage help
Hi can any one advise me about my currant rate which has come to an end. I am now on a Hallifax SVR Interest rate 3.5% no repayment charges for a mortgage of 16K. Is this deal any good or should I get a fixed rate? Any suugestions are welcomed. Any help is greatly appreciated Grover
-
Consumer Money Matters Ltd
I have been approached by this company to help resolve some fairly major issues I have with a mortgage provider. A representative of CMM knows a member of my family and rang out of the blue, saying this firm had been able to help his family who found themselves in a similar situation to mine. I have read the threads on…
-
Remortgage - will outstanding credit card balances affect?
I have a mortgage with Nat West and am currently in the process of securing a further advance against the property. The further advance will take the LTV of the mortgage to 75%, and will be used to part fund a deposit on a BTL property I am purchasing. I need the funds for completion on the BTL purchase in July. My…
-
Remortgage - Husband employed, Wife self-employed
Hi Guys, Our mortgage product (5.19% fixed rate) expires in 12 months. In about 9 months i need to start thinking about new mortgage products. Now since we took out our existing mortgage the only change has been that my wife has gone from employed to self employed. How will this change, in in my wife's employment status,…
