-
Refused a mortgage with Halifa, now what?
Hiya We applied for a First Time Buyers mortgage on a Shared ownership house on Saturday via the internet with Halifax (internet application was probably our first mistake) and they have declined it because of my husbands credit rating. It is only in his name as I don't earn and am paying off a debt I ran up, and my credit…
-
Barclays offset mortgage and strange calculcations
Hey guys, Trying to keep on top of my finances and being a weird lover of excel I made my own little excel sheet, and so spent some time looking rather carefully at every line of the mortgage statement... I have an Barclays woolwhich Offset mortgage BBBR +2.49% 31 Dec 11 Offset Balance 60,765.89, Offset Benefit 5.810217…
-
mortgage express dilemmas
I am in what feels like 'mortgage prison' with a MX svr product that started in 2007 and which I can see no way out of. I started the product in 2007 to get a much larger self-cert mortgage (from £78k to £225k) to enable a purchase of home/commercial proerty and no sooner had I started it when all the rules for engagement…
-
Shared Ownership Mortgages
Hello, long time lurker, first time poster here. When looking at mortgage deals on the internet, is the LTV rate related to the property as a whole, or just the value of the part that is mortgaged? For example, in my case I've bought 75% of my property through a mortgage (with 10% of the 75%) value put down as a deposit.…
-
Is this mortgage a good deal?
I have already weighed up the fixed 2 -3 -5 deals trackers etc and believe a 5 year fixed is the way to go in my circumstances and I’m planning to see a mortgage advisor at the weekend. Looking around at the mortgages available at the moment I’ve found a 5 year fixed at 3.39% no valuation fee no solicitors fees etc (I…
-
whats a 'portable' mortgage...
does it mean that if i move, the extra borrowing i take for a bigger house will be put onto the same rate (i.e thinking of taking a fixed deal at 4.34%) but might be moving late this year. so if i borrow an extra 60k will it be lumped onto the 4.34% rate ? thanks
-
Mortgage with CCJ
I am asking for some advice from the many helpful mortgage brokers/financial advisors on this forum. Currently have 2 unsettled CCJ's, one in 2010 for £1500 and one in 2011 for £900, both disputed business related (currently being cleared with a balance of £300 to pay) I have no other debt apart from my current mortgage.…
-
which 90% mortgage provider?
Me and my partner are looking for a mortgage provider and want to know which one we are likely to get accepted by:- First time buyers £300,000 mortgage needed 10% deposit £85k joint income Good credit with no outstanding debt The Nottingham BS, Yorkshire BS, and Chelsea BS all have reasonable advertised rates of between…
-
Day before exchange.
Hi all, The 1st time buyer (my buyers, buyer) at the start of my chain, pulled out yesterday afternoon. I have spent the last 3 weeks constantly on the phone to be in a position to move before this Friday as 'HE' didn't want to pay stamp duty & will have to if he doesn't complete before then. (6 weeks from my purchase…
-
3 or 5yr fix?
Hi. We're FTB looking to buy a property that will hopefully be our home for a long time. So with this in mind combined with how seemingly the only way is up for mortgage rates; I figured fixing for the longest time possible seemed the safest bet. I'd be paying £20 more per month for a 5yr fix rather than a 3yr. Peanuts I…
-
Sleepless Nights....
I am just wondering if anyone can put any perspective on my situation for me please. Me & OH FTBs. OH Credit file, blank, no credit history over last 6 years as not needed. Previously mine has always been excellent through Experian. Added HP in Oct 11 which seems to have destroyed score???? Was alwasy between 920-990, now…
-
Mortgage with or without debt
Hi I have recenntly went bankrupt. My fiance has a property we have lived in for a year in her name. We are looking to sell and buy another home. Just a couple of questions if anyone can help. 1. With the positive equity we will be hopefully getting a £7k profit on the property. (bankruptcy has no interest in this property…
-
Mortgages with a Guarantor??
Hi, When stopping work to look after my children our household income halved making bill paying very difficult (understatement). We made the desicion last year to sell our property and clear all debt using the equity and move to a rented house. Our credit history is in complete ruin - Credit Expert advised me to put a…
-
Is it possible to amend full mortage offer?
Im in the process of buying my council flat. And have a full mortage offer in place with the halifax for 46k. I called my solictor today for an update and she was still waiting to hear from the council and was going to chase them up. Then later on I got a call for the council right to buy team, to say that we have a…
-
Proof of Income from the Self-Employed
I'm self-employed and need a £40,000 mortgage for a £75,000 flat. I earn £13,500 pa but have only been earning this much for just over a year. Before that I was earning around £6,500 pa. Are there any lenders who would lend me the money based on only one year's tax assessment return?
-
the house and the ex???
hi just need a bit of advice. was married to my husband for 10 years and had our own home. 5 years ago we remorgaged the property but a year later he left me for another woman. i gave him a few things from the house and that was it we was over. he offered to pay towards the morgage but never did. we have now been split for…
-
mortgage/remortgage
Dear all, I currently own a property that has 50,000 equity in it and wish to purchase a new property valued at 160,000. I would like to rent out my current property (valued at 100,000). Questions are: Should I take out as much equity as possible through remortgage to put down a substantial deposit on the new property?…
-
How long for a mortgage to be approved?
Hi! I'm a first time buyer and had an offer accepted on a flat a few weeks ago. I have a decision in principle with Northern Rock (and also Skipton to fall back on if necessary). This is based on a £20k deposit and £135k mortgage. The application went to Northern Rock 5 days ago and i'm now at the very frustrating…
-
Hsbc mortgage first time buyer
Hello. I had my initial meeting with an advisor today. I have about 15% deposit and the mortgage would be about 500 a month against a salary of more than 2000. I have no outstanding loans or credit cards but she said there was something on my credit report the system didn't like. I have had a look and I have one missed…
-
HELP - Mortgage declined due to credit check due to bank change
Hi, Last September I've changed banks which said they'll transfer all direct debits. Before the payments were due I rang the bank as I had one less DD set up as I should've. They couldn't advise me which one it was so I had to wait for this to default. :(Unfortunately, it was my payment for my loan with Tescos. As soon as…
