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Remortgaging with arrears on 2nd loan: Advice needed
I live on my own & I have a mortgage with about 13 years left to run on a house that’s worth about £80k-90k. I owe about £29k on it. Interest rate is about 5.6% I pay about £260 a month this is up to date (I’ve only just got up to date with this after being in arrears to about 3k) I have a 15K loan secured against the…
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ybs tracker to fixed
i was recently interested in this product and it required 40% deposit but just noticed deposit dropped to 25%.................
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mortgaged payed off and credit rating?
Hi all We have been in a huge pickle for some time and yesterday we finally completed on our home which resulted in paying off our mortgage in full - our credit rating is rubbish - how long will it take for this payment to show on our credit rating and will it boost it to a better place? any ideas? - our plan is to spend…
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Nationwide changed rate
Hi All, We are hoping to exchange contracts and move into our new house at the end of next month. The mortgage agreed by NW is 3.59% fixed for 3 years (from memory). I notice they have now lowered their best 3year fix to 2.89%. What are my chances of taking advantage of this rate? Are they likely to allow this, or is this…
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Should I repay my credit card before completion
Hello I have recently received a mortgage offer for my property purchase. I applied for the mortgage through a broker. When I applied they asked if I had a credit card balance which I did (£1900) on a 0% interest credit card. I had racked up a balance due to car needing immediate repairs and needing to go overseas for a…
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Can Halifax insist on changing our mortgage?
Hi Everybody Three years ago my partner and I needed to move to a larger house, we had been sharing her smaller home. We tried to sell her house but due to the way the housing market was at the time we got little or no interest even though we were asking a reasonable price. We dropped the price several times but with no…
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Misquoted Mortgage repayments
My fixed rate mortgage is coming to an end, I phoned my mortgage company who gave my several new products available to me, I went for the 5yr fixed interest only at £596.96 pm, after asking if this was correct several times and being assured it was the advisor ask me if I wanted the quotes sent to me, and I said no, he…
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Rate better than 2.5%
My fixed term deal has ended on my mortgage and it has actually reduced down to the standard 2.5% C & G rate. C&G say they cannot better this but can any other firm that anyone knows of? Also I cannot afford hefty set up fees so any free transfers around?
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NRAM consent to let criteria
Hi, Does anyone know if NRAM will give consent to let where you don't match all criteria? The flat I'd like to rent out exceeds 70% LTV (actually in negative equity so I can't sell) so I don't know whether to bother with the application form, even though I can meet the rest of the stipulations. :think:
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overdrawn current account = default ?
Hi guys, I have been reading several threads and have a small confusion if you get overdrawn over and above you approved OD limit or direct debit bounce is it same as a default ? regards
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Deeds & Mortgage?
Hi, i've just signed up here in the hope that someone can help me. I'm in a legal dispute with my ex partner over our house. We seperated 15 years ago and we came to the agreement that instead of paying child maintanance for our 2 children he would continue to pay the mortgage (which was the cheaper option) until the…
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Post Office Lending Criteria Q
Just reviewing the Lending Criteria on a Post Office Mortgage on a 90% LTV Standard mortgage and have the following query in respect of this clause: "Properties that are newly constructed (built or converted within the last 12 months), being purchased for the first time since completion or conversion, or subject to first…
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Will I be able to get a mortgage?
Hi all, last sept i applied for a mortgage through Homebuy direct scheme where id own a percentage of the house. i was declined due to poor credit. I had a score of 515 and have a default, this was as sept 2010. as of this morning, i have a score of 900 and the default is still on the credit file but will go next nov 2012.…
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Should I pay off mortgage or keep in isa?
Hello, We have a 25 year mort. I have the equivalent of 3 months worth of mortgage capital repayment which I am not sure whether to put towards the mortgage or keep in a (about 3% AER) or to repay 3 months off our mortgage. I understand if I pay 3 months off early it will reduce from say 25 years to 24 years and 9 months -…
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Bad credit can i get a mortgage?
Hi i currently have a mortgage of £123k and am looking to move to a cheaper proprtey which will result in a mortgage of £85k which would be 85% LTV. i think i have a bad credit score but the sale of the current house would clear all outstanding loans/creadit cards but am still being rufused a new mortgage, is there…
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Opinions please on existing mortgage new offer
Can i have your opinions please as my head is spinning. My current mortgage is just under 30k with 20 years left to go and the interest rate for the rest of the term is 1.5% above boe base rate. The building society have written to us to offer some new fixed rate options 3 years @ .44% above our current variable rate -…
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First Mortgage repayment
Hi, we're hopefully moving into our first house in the beginning of Oct but where debating moving in at the end of sept. What are the likely first payments for either option assuming mortgage is 1314 pm @ 4.99% with santander Cheers
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Mortgage Needed Scotland - Broker?
Hi, Have AIP for mortgage with Post Office, but property I want to buy falls foul of lending criteria (Converted older property, less than 1 year since completion, being sold for the first time (but currently occupied). Mortgage LTV 90%, and part of deposit funded by Long Service Advance of Pay (Military advance of pay…
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Good deposit- why cant i get a mortgage??
Hi, I was wondering if anyone has experienced the same thing… Here is the problem: we are a first time buyers, having wait for years to build a good deposit (25%) and 1 year to find the right place to buy, plus doing all homework on how much we can afford in all possible scenarios, we applied for 2 mortgages and it has…
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Mortgage and credit score/report
Hi there My partner and I are currently trying to move house. We have applied for a new mortgage and have been told everything is fine but that something has been thrown up when they performed a credit check. They told us to take a look at our credit reports on the Experian website which we have done. But to be honest we…
