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Will we be able to get a new mortgage deal?
Wondering if anyone can help or been in the same situation?! My husband and I are currently both on DMP's, owe approx. £20k at the moment - started on the dmp in February 2011. However soon we should be in a position to pay off both dmp's in full. We currently have a mortgage our house since 2008 which we have never been…
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Shared Ownership Purchase completed .. Which documents to ask for?
Dear Members, I have completed the purchase of a shared ownership newbuilt flat last Friday and want to know which documents should I receive from the Housing association or solicitor?. I dont even have a copy of my lease for the flat. Could someone advise please?
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Mortgage after debt and age restrictions
Hello, I haven't used this forum for a long time, but would be grateful for some general advice on a number of mortgage questions. I know I need to see a broker, but some general thoughts on our situation would be much appreciated. Background: My husband and I got in to a lot of debt a number of years ago (through our own…
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Can i claim interest on an unclaimed endowment?
Hi We have made an enquiry with our current mortgage lender about remortgaging. We assumed that our endowment policy, which matured last year, had been paid to our lender to reduce our mortgage, but this has not been the case! On making enquiries to the company who we have the policy with it turns out they are still…
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Paying off the Mortgage
Hello everyone I'm a newbie and I apologise if my question is one of those that has been answered a thousand times! Here goes I am in a position to pay off my outstanding mortgage :) but a friend of mine has told me, as I am relatively young, that it is not a good idea to pay off entirely as it reflects your credit rating.…
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Getting a mortgage after debt?
Hi All, just looking for some advice. Me and my partner are looking at getting a mortgage in around 12-14 months time but i am worried about getting one. I spoke to a guy in my bank as i have a default logged against my name and he said that i can pay in full to them so it gets marked as fully satisfied then i can ring up…
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Mortgage credit checks - have I done enough?
Hi. I am hoping that there will be some of you who can give me good advice on how to ensure my credit is up to scratch for a 95% mortgage. I have about £3000 for a deposit and hope to raise the rest in the next couple of months for house in the £110,000 price bracket. I have just come out of a marriage and after a bit of a…
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FTB - Mortgage & general borrowing advice
Hi everyone, I'm currently looking to buy my first property. My current position: Annual salary £28,500 Non-guaranteed bonus ~£1,500 £26,000 deposit Experian credit score is 999 My girlfriend (who I live with) is ill and unable to work. She currently gets by largely with savings from inheritance. For the mortgage I am…
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What are our chances of getting a mortgage?
Hi all, We're looking to buy a 25% share in a shared ownership property. The 25% share is priced at £37,500 but not sure if this is subject to independant valuation or not but we currently have 10% saved up. I have a part time job that has previously paid £11.5k pa and have just secured additional hours to bring it up to…
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Joint Application or Single Application?
My husband is self employee, only started two years ago and have one tax return so far (income is not much on the tax return anyway). Santander said that his salary may not be considered when we put through the application. As far as we understand, he wouldn't be able to help much for this mortgage application. We are…
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Valuation problem on my Part-Exchange
Hi, Looking for any info/advice anyone might be able to give me....... We are in the final stages of part-exchanging our house for a new-build. Mortgage has been approved, negotiations have completed with the developer and we are now at valuation stage. The developer has carried out a valuation on our current home as well…
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FTB advice, please.
Hey everybody. Natwest has given me an agreement in principle for a sum (£79,000) six times my base gross salary. When my FA was on the phone to their mortgage people she quoted a salary which included some over time. Then she passed the guy on to me, so I could talk to him, and he seemed to think the salary she'd quoted…
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Defaults & mortgages - advice
Hi all This is my first time here, hope everyone is well. I'm looking for some advice re mortgages. I'm about to purchase my first house, my credit rating is just below average and I have one default (just £5 and there is a "legit" reason - I moved house and it was the one creditor I forgot to inform). I have a substantial…
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Do I have to close all my overdraft before applying mortgage?
I have two credit cards, barclaycard with limit of £3530 and MBNA with limit of £3700. I also have three current accounts with overdraft facilities, total limit £1950. My credit cards have both good payment history for many years. My monthly credit card spending is between £500 and £800, very rarely goes over £1000. I dont…
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Advice on when to purchase....etc
Hi everybody, I'm really in a pickle about the housing market out there. Last summer I tried to get onto one of these 'FirstBuy' schemes on my own and although scrimped the deposit together, failed at the last hurdle because of my credit rating - it's about 480! I am a 23 year old earning £28k and I have minimal outgoings…
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Moving for job and mortgage application
Hi, I currently own a property through a mortgage from first direct. I am currently at 62% LTV In the next few months I will be getting married and due to the nature of future husbands work we will be relocating He will not be changing jobs (just locations) but I will need to change employers When we move we would like to…
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Using SIPP to pay off mortgage
Any ideas about how I can get hold of a small pension plan funds and pay part off the mortgage. i heard about a government proposal of this but looking for ideas
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seller owning a house less than 6 months
Found out what i need to know
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How will my overdraft affect a mortgage application?
In a couple of years I will be looking at buying a house and consequently making mortgage applications. I graduated from university the year before last and have a graduate current account with a £1000 interest free overdraft, later this year that will go down to £500 and the following year to £0. I have come up with a…
