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mortgage agreed in principle
ok I have an expanding family and really need to move, 4 and half years ago lost my job and entered a dmp had 6 defaults registered between me and my wife, totalling 30 k paid 4 off left with £12000 and £2000, earn £43000 and wife £8000 no other debts, never missed mortgage payments, current house worth £125000 and owe…
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Minimum BUY To LET deposit
HI guys a little help if you will. Does anyone know of any BTL mortgages you can get with a 15 deposit. I know some of my friends have done that through brokers but I cannot see anything online thanks
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bad credit and i want a mortgage
Hi there would it be possible for me to get a mortgage. i have three defaults all in jan 2009 with 2 late payments in the last year. since then iv paid off all 16000 of debt and im now debt free,my credit score is 650 and i earn 26000 a year. i have 6000 deposit. i need 40000 for a house is this possible. thanks luke
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Help! Advice please on self-employment criteria
My daughter is in the process of moving house. She is currently with the Nationwide. Having spoken to a mortgage advisor she was told the sum they would be prepared to lend her & her partner. They only want an LTV of 27%. They have a fairly low joint income but lots of equity and extra savings to add to the pot. Now at the…
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85% mortgage with defaults but no debt?
Hi, Does anyone know if I could get an 85% mortgage with 3 defaults? I currently have 3 defaults showing on my credit history 2 clear next year and the third in 2013. Default 1 - clears in September 2012 (default amount - £10,000) Default 2 - clears in October 2012 (default amount - £10,000) Default 3 - clears in July 2013…
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Less than 1 years accounts...
Hi everyone, I am a FTB, looking to buy with a 25% deposit. However I've recently started this year as self-employed(IT contractor) - I should have plenty of profit in the company. Will I be able to get a mortgage?
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Any experience of Aldermore Bank?
A mortgage broker has recommended Aldermore Bank to me. Has any one had any negative experience with them? I hadn't heard of them until today.
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NRAM and interest only
Hi, I have just been refused by NRAM to move my mortgage to interest only ( i am out of my fixed line deal) until it sells. They have made me go through a income and expenditure form with them and declind on the basis i have enough to cover the mortgage (only just) Can they do that? has any one experienced this problem?…
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Can't get a mortgage.
Me and my partner have recently applied for a shared equity mortgage (80/20) but no one wants to lend us the money. We both have very good credit and everything is satisfactory on our reports. All we want in life is a mortgage but can't get one. We have little debt and always pay debt on time. Only thing I have bad on…
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Repayment vehicle interest only mortgage ING direct
I am currently in the process of applying for a mortgage with ING direct. It is a lifetime tracker interest only mortgage. Interest will be c. £450 a month but I will pay in at least £1000 per month. So will make decent overpayments. Now they have told that they require proof that a repayment vehicle is in place. I have…
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Final approval from head office
Our mortgage application with Yorkshire Building Society has been completed and has gone to head office for final approval. Just starting to get a bit nervous as were hoping to exchange on the 4th of nov. Is this likely to be just a formality? Is there anything else they do differently on this final check? Obviously the…
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The HSBC lifetime tracker – is there a catch?
FTB so a bit worried! 80% LTV – nice, can keep some savings instead of struggling up to 25% deposit and wiping out savings. With 80% LTV they offer a fee paid option (3.1% now) and “no fee” (3.29%). Unlimited overpayment per month / lump sum as you wish 2.49% above BOE for life Just seems a bit too good really.. frankly I…
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Mum and Dad new house advice please.
Please could you tell me of a Mortgage product with an interest only payment and a LTV of 80% Here is the rub. I would like to purchase a House for £245k My Mum and Dad will be moving in with me, as my Dad has been diagnosed with cancer and my mother’s mobility is not what it used to be. Basically they are going to sell…
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Help! Northern Rock Reposession
Hi, I am posting for my sister (who is a technophobe).
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Mortgage
Is it possible to get a mortgage on my bungalow which i own outright. The reason being I have a small house in Spain which is on the market and under offer. I want to upsize there and so need money to put towards another property many thanks
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What are the chances?
Currently have a house worth £250K (have had it valued at more than that, but told that it wont sell for more than £250K because of stamp duty etc.) it is currently mortgaged for £100k, so £150K equity there. Would like to buy another house for approximately £150K - we can get 10% deposit. We have debts of around £15K…
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solicitor asked for proof of deposit
Hi ppl just a quick question. Im a first time buyer and ive had my mortgage offer and just waiting for a completion date. Got a call from my solicitor the other day asking for proof of my deposit. Is this normal? ive been into see them and dropped off the relevent information. when i asked why this is needed he replied…
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Best LTV rates available (Not FTB)
Hi All, Does anyone have any recent experience getting any high LTV rates? We bought back in 2009 - and were informed we were the last in the country to get approved for a 100%. Now we are in a situation where we have now just about cleared being in neg equity (due to the value crash), and are considering moving in the…
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Recommendation for doing the legal aspect of the transaction?
Hi - apart from personal recommendation, are there any special tips for getting a trustworthy solicitor at rock bottom price? All the people who I could ask for a recommendation aren't so canny (stingey?!) when looking for deals. Any secret gems out there / online you'd like to share please? :D
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FTB, is this mortgage and strategy sane?
Hi, am thinking of this: -HSBC lifetime tracker @ 2.49% above BoE -No penalties for overpayment (tbc on the finer points tomorrow) and no penalties for exiting - Fees are manageable - 80% LTV offered Strategy is (a) Not pay 25% like most lenders want. Pay the 20% and keep 5% in a bank account in case Greece and Italy take…
