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Will credit card application affect my mortgage application?
I'm in the process of buying a house and applying for a mortgage. I actually already had a mortgage approval on a previous property which fell through so am simply transferring the mortgage to a new property. On that basis I am told it is just a case of getting the survey done - i.e. they won't be redoing credit checks…
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Letter from the Halifax?
Got a letter saying my mortgage is going up .5%.Here we go,the banks now think they don't have to take any notice of the Bank of England base rate and can jack their rates up when ever they feel like it! Someones gotta pay for Lord Fat Greedy !!!!!!!s yacht I expect. Is this going to become the norm? Thanx in advance.
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Mortgage, Shared ownership and Bankruptcy!!!
Hi! everyone, Sorry I have to admit this is my first post (erm... i think). I shall explain my problem. I split from my partner 3 years ago, and since that time she has been paying all the mortgage. We bought a flat in 2006 when prices where high via shared ownership with bloor homes the purchase price was £142,000 so had…
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Renegotiate after retention original loan amount?
Hello, If I am buying a house for 130k and I get a retention of 3k for works. I then get the seller to reduce the sale price to 127k to cover the cost of works, do I still get the original loan amount from the Mortgage company? Obviously the 3k back after proof the work has been completed. Or will they only then lend the…
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Proof of Deposit - Mortgage
Hi , I have a bit of a dilema, ive had an offer accepted on a house and submitted my mortgage application. After doing further reading ive discovered that the mortgage company dont accept gifted deposits from anyone residing in the propert but not named on the mortgage. My partner is going to be providing most the deposit…
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Over payments or Reduce Term?
I’m currently looking into remortgaging as my fixed rate is to end soon on a repayment mortgage with co-operative bank. Loan 1 £20K 4.24% (SVR) Term 7 years Monthly Payment £276 Maximum overpayments can be made Loan 2 £37K 6.24% Fixed rate ends April 2012 then reverts to SVR Term 22 years Monthly Payment £263 Only 10%…
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Tracker mortgage at 2.79% or a 5 year fixed at 3.39%?
What would you choose? Suppose it all depends when you think the base-rate might increase by. A 0.75% rise would see the tracker being greater than that fixed rate. Not 100% sure what to choose.
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mortgage decision
I'd be grateful to hear from anyone re how long their mortgage application took. Nationwide have just told me 6-8 weeks!! am worried the whole thing will collapse if it takes that long. Would love to know other experiences. Also what kind of paper work should I be lining up for when they come back to me?
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What will be taken into account on a mortgage application?
Bit of background: Currently I own a home in my name only. My partner lives with me and owns property that is currently rented out (with a mortgage of almost 100%). I have been self employed for 3 years, and as a qualified accountant I am aware that there are products available for people in my profession. Ideally, I would…
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What is "shared ownership" please explain in detail
Just saw a property i liked for 70k and it said shared ownership... rent payable 165 so would i be paying a 70k mortgage plus rent as well? also r u free to do what u want to the property in shared ownership? if not seems a bit pointless.
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Base rate tracker Mgt
Hi, After some advice from you knowledgeable people! Our fixed rate mortgage has ended and we are now on a deal which tracks above the the base rate at 1%. I keep reading about SVR going up and know this does not affect us. Question is should we look to tie into another fixed rate or stick with the base rate tracker?…
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Future mortgage with defaults?
Good afternoon everyone :j I might be asking a tad in advance but I would like to be as pro-active as possible to hopefully obtain a mortgage in 1.5 to max 2 years time and wanted to see what peoples opinions are with respect to deposits/credit file etc. Bit of history: - I was on a joint mortgage previously so would not…
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Forced into unaffordable buy to let : HELP NEEDED
I have been trying to sell my house for 3 years, but have had no luck - even at auction ! I decided to let my property to allow me to move, I was on a FR with HALIFAX. They gave me consent to lease at no extra charge until the end of my FR. I was told I would then need a new product (I thought that ment another FR or SVR -…
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Availability of 95% remortgages....
I was wondering if there are any specialist lenders that do 95% remortgages? Would like to consolidate existing debt. Thanks
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Can I change the names on the mortgage without changing products?
My husband and I have a tracker mortgage on a fantastic rate which I do not want to change. However we are seperating and I am staying in the house. I can quite comfortably pay the mortgage myself ( Owing £37,000, salary £24,000) but would I just be able to change the name or will I have to change the whole product? We are…
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divorce and mortgage- getting a lodger
hello, my husband and i are getting divorced. we would both like for him to keep the house while i move out. it's possible he won't get a big enough mortgage to do this on his own. do banks take into consideration if someone if getting a lodger and give bigger mortages? the lodger will possibly be a reliable, old friend.…
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Redemption help needed!
We currently have a Nationwide mortgage, fixed rate for 5 years which ends on August 31st 2012 (5 months left) and are facing a redemption fee of around £5000 should we stop using Nationwide. We were told all along by Nationwide that taking our existing mortgage with us to a new property would be fine. We got the mortgage…
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Change Mortgage and Deed names
I think I am in the right section to ask these questions, my ex partner has been the name on the house deeds and mortgage since we broke up over 5 years ago. I pay all bills and have not spoke to him in about 2 years. My partner now i live with have disscussed putting his name on deeds and mortgage, firstly can he be put…
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Not Sure if I can but....
I've applied for a mortgage through an IFA, it is with the Halifax at 4.69% which I am quite happy with, I signed the application form with the IFA and she said it was successful pending valuation, then we will receive a formal mortgage offer. I have since got home and noticed if I had gone direct to the Halifax the rate I…
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just fixed into a 2 year deal...
with halifax. 4.39%, this deal will start in june, so i can enjoy a few more months of the lower rate of 3.99% but have the security of knowing i have a fix should they start to go up. in linght of the budget, with alllthe 'tax cuts' for the normal working classes, i feel that rates may well start to edge up, what does…
