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HSBC Mortgage Application - Another Self Employed App Declined
After a two week wait, HSBC have finally informed me that my application has been declined. The mortgage adviser has stated he wishes to appeal to the decision. Summary of case: - 5 year business and personal HSBC customer - Sufficient deposit available to borrow at 70 or 80 LVR (app made at 80) - 10 years full time solid…
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Moving Up and Increasing the mortgage
We are currently in a position where we can double our mortgage quite easily, and this will enable us to get our dream home. Always being one to assess the risks involved, I want a perspective on repossession. If we move up to the house we want we are likely, with the equity we currently have, to achieve 45-50% equity in…
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Which Mortgage for me
Thanks for reading - ok here goes. My house is worth around £210,000 I have a mortgage that is for £88,000 My mortgage is broke up into 2 parts - 1 - 0.5 ABOVE BASE RATE LIFETIME TRACKER, the rate is currently 1% on £24,000 2 Fix - coming to an end in a few months of 5.09% on £64,000 I am with Britannia Building society &…
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mortgage what is classed as my home address
I recently have been declined for a loan for a mortgage. I have no bad credit so cnt figure out why, only thing i can come back to is that im not on the electrol roll, and all my banks/store details are still at my parents. does any one no what is class as your home address. is it current address or billing ?
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Overpayment on mortgage - but interest not coming down????
I have interest only mortgage which I over pay every month - while the capital is coming down the interest payments remain the same. I make two payments - the direct debit ascribed by N-Ram at £750 per month for the interest. I then over-pay an additional sum of £450 by way of a standing order. When I get a statement it…
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Running a buisness from home.
What happens if you run a buisness from home. If the terms of your mortgage say you can't.
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Sold house, haven't found new one, need to port mortgage to avoid early repayment fee
Hi, wondered if anyone has any ideas on how we can round our sticky situation. We have decided to sell our house (and have a buyer keen to move fast) and downsize so we can reduce our heafty £300k + mortgage. We have a fixed rate deal of 4.69% with 3 years to run and have just enquired about the terms and been told that…
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Mortgage Advice Required For First Time Buyer.
I have just received this email from my daughter: "How do I find out if I can get a mortgage and what do I have to do? I have been looking at houses in Bristol that are going for £100,000 and been wondering if I would be able to buy. I really have no idea about mortgages so any advice would be useful." I have not owned a…
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Longest fixed rate for first time buyer
Hi, Me and g/f are currently looking to buy for the first time, if it helps we have joint income of approx 50k, are looking at proprieties with a value of 80k, and have 10% deposit. Id prefer I think to have a fixed rate and have looked around for these and contacted a broker, but the longest fix I have seen was for 5…
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Advice Please
Hello folks, I have been reading this forum for a few months and have seen some great advice and information given - now I have a question of my own. I currently have a mortgage left of £99k with Nationwide on a fixed rate for 10 years; of which I have 4 years left, I am currently on an interest rate of 5.55% (up from…
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FTB Morgage Chances & Deposit
Afternoon all, What are the chances of me obtaining a 60K morgage with 4 settled defaults on my credit file. All defaults were 2-5 years ago and all under £500. I am aware high street lenders are out of the question. so I am unsure about what deposit I will need. I have started to save already but i am pretty sure it will…
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Buy to let new build
I have built a house on a plot of land I own. I want to raise a mortgage of approx 65% ltv on the finished property. Does anyone know of a btl provider who does not require a 6 month tenancy period prior to lending? I know Northern Rock and The Mortgage Works are non starters. Thanks.
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Spml
Can anyone tell me the correct address to send a letter to SPML please.
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What property to mortgage
My husband and I own a house with no mortgage. It is worth around £370,000. We have been thinking of moving to a smaller property and releasing some capital to buy a second property to rent out. However, we have now seen the house that we want to buy to live in. It is on the market for £200,000 and requires about £50,000…
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Complaining to Ombudsman re:Lloyds TSB
Hi everyone Ever since I took out my mortgage with above it has been a catalogue of disasters. The final straw was when (last year) i was buying my ex out of my house - went to get additional borrowing, wasn't told that the whle mortgage would be shut down, all borrowing redone, not enough extra borrowed to cover fees they…
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chance of a first time buyer mortgage ?
Hi, Ok my stories a tale of two halves really. Up until two years ago I had about 30k of unsecured debt with alot of late payments (though no defaults or CCJ's) due (in part) to spending 10 years as a student and basically spending too much money! Since qualifying 2yrs ago I have paid everything on time and have about…
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Help! Being dumb, Mortgages PLC.
I am probably being incredibly stupid and will no doubt have this pointed out to me.:D I have a mortgage with Mortgages PLC, I pay on time etc. and I am aware that they no longer provide new borrowing. We now have no choice but to move in the next year or so and I need to explore all my options, this may be letting our…
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mortage advice
me and my ex have a joint mortgage, but the house has been transfered in to my name(as stated in consent order). He was paying maintenance(which i used to help pay the motgage) but this has halfed and i can no longer afford the whole mortage. Is he still liable for half the mortage payments( i have been paying it all for…
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Woolwich endowment policy
Im not sure if im posting in the right place so apologies if its not My mum has asked for my help her and my dad have found an old endowment life insurance policy that they want to cash in, it was with the woolwich, my dad said they have been taken over by Barclays and he has tried contacting them but they havent been much…
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Advice on helping son get on the housing ladder
I'm wondering if I can help my son get on the housing ladder and I don't now the latest deals available (my house is all paid up and it's a long time since I looked at mortgages). Any info would be appreciated. e.g. Based on him (a 28 year old) earning circa £15000 pa and me being able to help with a deposit and acting as…
