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Mortgage Application and Credit Score
Hi, I am about to apply for a mortgage with my partner. I currently have a mortgage on my own with Santander. I am worried about my credit score -its currently 850 -fair with Experian and I am monitoring it. I have a default which has been satisfiedfor 6 years ago on 3rd March 2012. (The default is with Santander and was…
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Total mortgage confusion!!!
There are just so many options out there! A few questions - currently looking at selling our house, moving away and renting for up to 12 months (get to know new area etc) and then buying again. For the purposes of getting another mortgage in 12 months are we still classed as moving? We don't become FTBs do we? Now onto the…
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Mortgage & ex partner
Hi im hoping you can advise me……………. I bought a house with my ex, and we have since split. She now has a new partner living in the house with her and I have a new wife. We are trying to get the house sorted, but here are the problems we are facing 1) The house is owned 50% / rented 50% 2) We both have a bad credit history…
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Rent-to-Buy/Poor Credit Advice Please.
I'm looking for a bit of help/advice. Basically I split with girlfriend four years ago and although we have joint mortgage she did not contribute to this and does not wish a claim on property as I gave her a payout at the time. She does however want her details taken off mortgage in order that she can move on with her…
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Mortgage with Guarantor
Hi all, Me and my partner are FTB's... I was made redundant about 3 years ago for a 7 month period, during this period my credit rating took a hit due to payments being missed because my Payment Protection Insurance company did not start covering my montly payments due to their lengthly administration! (A'hem.... Geneworth…
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MSE News: 40,000 Halifax mortgage holders at risk of payment hike
This is the discussion thread for the following MSE News Story: "They face the threat of higher mortgage costs after Halifax raised a cap for some on a standard variable mortgage ..." Read the full story: 40,000 Halifax mortgage holders at risk of payment hike
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Virgin One mortages up
I see today that my Virgin One mortgage has increased by 0.25%, despite the bank rate remaining unchanged. They claim their cost of borrowing has increased. Is this the thin end of the wedge I wonder?
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Best way to release equity from a House I own without Mortgage
Hi , I looking for alittle help please. I own my house (Thehouse I live in) outright and have never had a mortgage on this or any otherproperty. I bought the house "Cash" 5 years ago. I want to raise £220Kagainst my property to aid my parents by paying off their mortgage andconverting their house to allow them to stay in…
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Prudential With-Profits Investment Bond
Hello, As part of my investment portfolio,I have £75,000 in the above bond. I would like to ask whether any investments above £85,000 would be safe with the Pru or any Insurance company? I understand that this is the maximum 'safe' limit for funds invested in a bank savings account. Or, should I consider a bond with…
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Buying with family for family
Hi all Wonder if you could offer some advice. My MiL is looking at buying a property but may not have quite enough capitalto get what she wants. (She is renting at the moment). She is retired so BiL has suggested that we might take out a small mortgageto cover the difference to enable her to buy. I spoke to our mortgage…
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Santander 85% LTV on New Build (NFTB)
Morning all, We have recently put down a reservation for a Taylor Wimpey new build. The Property was on for 299,950 about 2 months ago and had been reduced down to 249,950 which prompted our interest. We have a 10% deposit in cash have negotiated a deal with TW to give us another 5% as a further deposit, giving us a…
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Mortgage Advice Please
I'm currently on Santander SVR - 4.21%. I owe £138k over 28 years. I estimate that the house is worth £168K. The problem is this is debatable. Santander don't want to know about putting me on a new deal - they say I don't have enough LTV - I asked what price they are valuing my house at and they wont tell me. I'm getting…
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HSBC Mortgage
Folks, First time posting on the forum and just looking for some opinions as you guy's seem to know what you’re talking about when it comes to mortgages. I think I may be over panicking but just looking for some reassurance. I am a FTB (Single application) and looking to borrow £97000 (10% LTV). I never have and currently…
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NRAM payment details
HI, Sorry if this has been asked previously but I tried and failed to find any details. I received a letter at the tail end of January giving details of a change to the NRAM sort code and account number details I use to pay my mortgage. It gave the following: sort code: 60-95-83 and account num: 80092071. I presumed this…
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First Time Buyer Mortgage
Hello Everyone, This is my first post and I just would like some general advice, I am 25 years old and about a year ago set up for a mortgage meeting with the advisor from a estate agents, found a property, was given verbal agreement for a mortgage, no issues on a property valued at £65,000 at 10% deposit (my parents were…
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Good Credit/Bad Credit Joint applicants
Using the RTB scheme my wife and i purchased our council home in 2007 with a mortgage from the ybs. My wife (now ex) left the property in 2009 at which time, due to the house price fall and what would have had to been paid back to the council by selling was essentially in negative equity. My ex wifes name is still on the…
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The best option?
Firstly hello, I have been a long time lurker on here and picked up plenty of tips so thank you for that! My question is: I am currently on a the Halifax SVR on my property, I've had the mortgage for 6 years and I've been on interest only for the whole period due to some debt that I had, I am almost at the end of my…
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NRAM question please :)
I'm attempting to add my partner to my NRAM mortgage to get my ex husbands off. The mortgage is in 3 parts, £125000 mortgage and 2 secured loans. Can I leave the secured loans as it all totals 100%? I want to move the actual mortgage to another lender. Thankyou x
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To fix or not ? Only 7 years left
I am in the lucky position of only having about £15,000 left on my Mortgage. Property value £200,000. On the 1st march (3 Months early) I can re-fix my Mortgage Rate for another period. I am currently fixed at 5.18% with Nationwide. I am looking at 3 options with Nationwide, Over 7 years. As the amount is so low I do not…
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Calculating Mortgage APRs
Hi folks, I can't get my head around how mortgage APRs are calculated. I know what they represent - the interest + mandatory fees but I can't figure out the maths behind them. Can some one explain? Do quoted APRs apply to the entire mortgage or just the length of the advertised deal? e.g. HSBS 2 year fixed standard with…
