-
A couple of first time mortgage questions
Hi all, I'd really appreciate some guidance in applying for my new mortgage: 1. They have requested bank statements - am I able to redact for confidentiality the details of certain payees. I am happy to include everything except a few names. I should this is reasonable, but thought I had better check. 2. Student loans - do…
-
mortgage help
Hi I split up with my husband nearly 3 yrs ago he stayed in the house with our 2 children we have a joint mortgage with joint loans attatched, he was very ill and has been on dla he never sends any info on the state of our mortgage I just want out of the whole situation is there anyway I can do this without selling the…
-
Homeowner not living at home...
Hi My granma currently has a mortgage on her property. Due to mobility issues she isn't living at the property, but her son is. She wrote to her mortgage lender informing them that corresondence should be sent to her rented flat. However they have enquired as to why she is no longer residing at the mortgaged property and…
-
First buyer/key worker/equity loan - which will best help me buy a flat in London?
I am a key worker currently residing in Surrey but looking to buy a flat in London. I've been looking around and for what/where I want, a 2 bedroom flat is around £220.000. I have £25.000 in savings and a £29.000 salary per year. I started working on a permanent contract a month ago. Never had debt, I'm a EU citizen, been…
-
Still not received letter from Halifax re: SVR increase?
Anyone else? I thought they'd write to say what new payments will be? Or maybe I'm just too impatient lol
-
First time buyer- loan to pay deposit query
Hi everybody. I am new to this forum. My wife is expecting and we are looking to relocate back to our home town to be nearer our families. Currently we are renting in the north of the country where prices are cheaper and landlords are more agreeable to pet owners. Unfortunately our home town is in the south east where the…
-
Mortgage Broker- Higher Interest Rates
Hey, Just got a DIP from NatWest through a fee-free whole of market broker. My LTV is 68%. The interest rate the mortgage broker quoted me was 3.94% with a application fee of £999 for a 2 year fixed mortgage. However, I have just had a look on NatWest's website and they are offering 2 year fixed products for 70+% LTV at;…
-
2nd charge on my mortgage
Hi just need a bit of help please, i already have a £6000 charge against my mortgage for my divorce as my ex does not have any assets, i am going to apply for a home improvement loan with the local council and this will be charged against my mortgage and it will only be paid back when i sell or die! My question is can you…
-
Adding New Partner to Mortgage
Need some advice please. My mortgage provider has advised that following divorce my new partner my be able to be added to my mortgage rather than husband. However the earnings criteria ratio needs to be met and a credit check completed. The only possible problem is that my new partner is an ex bankrupt of 7 years, although…
-
New mortgage or port the old one
I have a flat in Essex and a mortgage with Barclays at 0.17% above Bank of England interest rate. I have 60k left on it. Due to work circumstances I have to move to Cambridge and I found a brand new house for 475k. The builder offered to part exchange my flat paying the market value of 240k. Should I pay off the Barclays…
-
mortgage account showing in credit report
I know i need to talk to the lender about this, but they are closed for the evening. on both equifax and experian my credit agreements show an open mortgage with a start date in late feb, however I don't move until late April, and have confirmed this with the mortgage company. this account showing has a U status, which…
-
Remortgage approved and job hunt
Hi I have just had a re-mortgage deal approved by a new lender and this deal due to start when my existing deal ends in June 2012 I am also job hunting, and in full time employment. If I do change jobs between now and the start of my new mortgage deal in June, do I have to declare this as I would be on a probationary…
-
First Direct - Disaposable income percentage
First direct have approved my mortgage; however they won't give me the full amount I want. They said it ws due to not having enough disposable income available for emergencies. Does anyone know what percentage of disposible income they work to as i am very confused. The monthly payments were less then my current mortgage…
-
Bank won't lend us additional mortgage funds
Hello We would like to make an offer on a property we'd like to buy. I spoke to Bank of Scotland (our current lender) yesterday to see if they would lend us the required mortgage to move being under the impression that this was possible as our paperwork says our rate is portable. However, the adviser I spoke to said that…
-
Advice please- Pay off morgage early or pay into pension?
I'm looking for some thoughts, any comments welcome! Both my husband and I are age 45. We have stakeholder pensions we've been paying into for a few years now. We also have a morgage of £55k. For the last two years we've been overpaying our morgage every month by £100, which means we can pay it off in 9 years rather than…
-
Remortgage advice required
We are currently looking to remortgage our property and ourlooking for some advice. We have seen alocal mortgage advisor who has checked out our credit files and advised us thechances are very unlikely. Current situation is as follows: · Property is worth £200,000 · Mortgage is with UBC with 44,000outstanding. 7 years…
-
Big advice need quickly
Hi all Myself and my girlfriend were meant to move into a house together this week however she left me and I have just picked up the keys for the house today so the contract has been completed. She has not put any money into the house, I put in all of the 15% deposit and I also had a deed of trust drawn up to say that if…
-
Payments showing on credit report
Hello, just trying to help someone who has asked me a question about their credit report - We know that if there is a CCJ that it will drop off after 6 years from the date it was settled, but If there is an entry showing late/missed payments but it is not actually in default - how long does that entry stay on?? Is that…
-
Buy to let help desperately needed
Hi all, This is my first post - I hope you can help. My partner and I currently own our house and a buy to let. We are both South African on a five year ancestral visa with one year left. Our buy to let was originally our home and we got a consent to let from Halifax (paying about 6% interest rate). Halifax now say that…
-
Re-Mortgage and move with prob -ve equity & a DMP
Folks, My wife and I are in a DMP, and would like to know a couple of things: 1) What would happen if we sold our house for less than the outstanding mortgage (ie we still owe the bank money)? - TBH me may break even, but erring on the negative side... - We have ~78k secured and ~8/9k unsecured - Property est. £85k…
