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Mortgage early repayment
I have a fixed rate mortgage and would like to pay-off a sizeable portion of it next month. I understand that this will incur an early repayment charge. As the mortgage year is also due to change, can I make an annual overpayment just before the mortgage year ends, then make another almost immediately after to reduce the…
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Variable Interest Rate History (Last 10 years)
Hi There, I've been searching around on the internet trying to find some specific information... I want to find the Halifax (must be Halifax) homeowner variable rate history (month by month or year average or just anything really) over the last 10 years or so. Can't find it yet. I was wondering if anyone knew of a website…
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mortgage advice - fixed rate ending
hi I could do with some advice about my mortgage (6% fixed) which is due to end next month. Im debating what todo to get the best deal etc but am alittle confused with so many products available. I am planning on moving home in 6months time, would you advise sticking with the svr (3.5%) at the moment. Or could you advise…
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Can't get a mortgage
Bit of a frustrating read! 4 years ago, I (stupidly), was in a bad place and received a CCJ. A year later, it was paid/satisfied. Nearly 18 months ago, I got married, and a year ago nearly to the date, I had my first child. Between my wife and I, we bring home £55k. She had a flat with her ex (mortgaged) which she recently…
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Alliance & Leicester Mortgage
Hi all, We have a A&L Mortgage since 2009, applied to port mortgage to new house, went through application process and told pack would be sent out for us to sign etc we then need to prove income by way of wage slips x 3 months and my 2yrs self employed accounts. Told could take 3 weeks until offer, I had to call them a few…
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Nervously waiting... what do you think?
The paperwork for my mortgage application is hopefully going in today. I’m a contractor so am using a specialist contractor mortgage broker. There are few things worrying me about the application and I know we just have to wait for the decision but to pass the time I thought I would ask on here and see what you think our…
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Gifted Deposit Help!
Hi, I am in the process of buying my first house.. the problem is that the deposit has been gifted to me by my partners mother, £8k of it was given to me about 2 months ago, which is sitting in a joint savings account with my partner. The problem is my partner is NOT on the mortgage with me. The solicitor has sent me a…
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Keep the house or sell it?
I am 35 years young and have a mortgage at 0.79% + base rate. I owe 75k and the house would sell for 115k. This house is solely in my name. I'd also like to buy a house worth approx 250k with my fiancee. I have about 45k in savings. Partner has 2k. However, this 45k is also my current savings for retirement. I have no…
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Simple Mortgage Question
Hi Everyone, Simple question for you all. I am looking to get a mortgage quite soon and would like to ask you all for a bit of advice on what I can get. The basic information is: Income 1: £17,000 Income 2: £17,000 Deposit: £45,000 What sort of multiple of the joint salary can we expect to borrow? Is 4-5x achievable? For…
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Am I stuck unless I pay him for his signature?
Hello Not sure if this is the right place to post but struggling to get any answers on the net and solicitors not open until tomorrow. In short. Marriage has ended and I'm about to petition for divorce. I live here with our three children and have switched to an interest only mortgage since he left three years ago (he…
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Nationwide Payment Due Date?
Does anyone know when the payment is due? I had a feeling that it was the end of the month - i.e. as long as you made one payment per calendar month, they would be happy. The issue is that I am in the process of changing bank accounts and my mortgage payment didn't go out today as it should have done from my Nationwide…
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given the run around by lender.
Hi, I've posted here before regarding a glitch with my mortgage application. It's just over two weeks past the entry date and the bank have said no unless my employer will guarantee continued employment after my contract ends in December. I would understand that. However, they were aware a month ago of my employment status…
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Buy to let, first time buyer
Hi, I am in the fortunate position to work in a company that pays for my accommodation/bills etc as well as a decent salary. I was looking to get a Buy to Let mortgage to invest some of the money I have saved. But all the Buy to Let mortgages I look at seem to state "not for first time buyers" etc. Wondering can I get a…
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Will I be able to keep my house?
OK, been a bad year. I've lost my job and we are paying the mortgage on PPI now. My wife of nearly 10 years is leaving me. In order to avoid losing the house I will need to pay her a proportion of the equity, at least half I guess, maybe a bit more. (That is a solicitor job to finalise.) However... I will need to…
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First Time Buyer, High Earners, No deposit
Hi All, This is my first post for a while. I have looked around on these boards and can’t really find anyone in a similar situation to me. That is; wanting to buy a house with my girlfriend in London. Come facts: Our combined income is over £105,000; we have no debts of any kind; we have just about £25,000 in deposit (can…
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Mortgage renewal with bad credit rating
I am currently having some financial difficulties and I'm considering entering into a dmp to help the situation. However, my fixed term mortgage is up for renewal in 2 yrs time and I'm worried that if I'm in a dmp at that time I wont be able to renew my mortgage as my credit rating will then be bad. Do mortgage companies…
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First time mortgage application
Hello everyone, This is my first post on the site and it should have been earlier as I'm at a lost to proceed. I’ve recently had a CCJ expire from my credit file as of the 31st of August 2011 (unpaid water bill ) my credit rating instantly jumped from a 1 star to a 3 star on the credit scoring system used by checkmyfile. I…
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Fixed or variable?
I am a first time buyer with a 30% deposit and I am hoping to purchase a house within the next fewe months. I have been looking at mortages and, whilst I understand the differences, I am not sure whether I would be better to go for a fixed or variable one. I like the security of a fixed one but don't want to pay too much…
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Using My Existing Property as Deposit
I have an existing property worth approximately £160,000 of which I have a mortgage for 50% of this, this mortgage (for £80k) is split 50% repayment and 50% interest only. I wish to buy another home with my new partner but would like to rent the existing property, which is in a prime location, and was wondering if I can…
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1st time mortgage - refusal for having 2 banks
I have 2 bank accounts, one which i have used as a (spare account) transferring money to save. But due to money problems (car mainly) the account has been in the red for a long time, (never going over overdraft limits) - this bank account is now in the black but surely this past shows up on my credit score. Would you…
