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slow sales
This may be a stupid question but.. I'm selling a house I have no morgage on but I want to buy quickly.. Ideally my house would sell, I'd use that money, some cash I have and a (roughly 30% LTV) morgage to buy the new house. As its going slowly can I use the cash I have as a 20% deposit, take an 80% morgage and then pay…
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Joint ownership
https://forums.moneysavingexpert.com/discussion/3849259
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Help advice needed please
Hi all Myself and my girlfriend were meant to move into a house together this week however she left me and I am due to pick up the keys tomorrow to the house 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 we would ever split up I would take…
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Taking on parents' mortgage to raise deposit
Hi, I hope someone can help me with this. I want to buy a new-build house with my wife. We are able to borrow the amount we require, but our bank requires a 20% deposit for new-builds, instead of the usual 10%. (It's a staff mortgage deal which offers an excellent interest rate). We are around 25k short of the amount…
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Coventry & Godiva
Can anyone help? We were looking for a shortish term mortgage just to give us enough money to renovate a property we currently in with the aim of selling within two years to hopefully have a bigger house for the long term & take out a larger sum then. There are a few complications like a 74 year old also being joint owner…
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Married House Buying in Joint or Single name?
I am about to buy a house. My wife does not currently work, my earnings are sufficient for the mortgage, so we could either get the mortgage and deeds in just my name, or in joint names. I know there are legal implications in case of future separation if we did it just in my name, but putting these aside, are there any…
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New Mortgage E-Petition
This is a new e-petition and has been created to call on the government to step in and stop nationlised banks raising interest rates. Have a read and if you agree please take the time to sign the petition. Please forward to friends and family who may take the same veiw, please type the following into your address bar:…
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Remortgage advice current mortgage with Accord
Hi Went to Mortgage advisor today as our current deal is running out in June 2012. Our view prior to going was that we probably did not want a new deal we were tied into as we would really like to move. I knew prior to going our options were probably limited. Our current house is a 2 Bedroom 1920's Terrace in Belfast. Our…
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Please help - Parents helping with deposit
Hi. My parents have very kindly offered to help myself and my girlfriend considerably with the deposit on a house in London that we love. We will be paying this back on a monthly basis (interest free) In order to protect their money they wanted to be on the deeds of the house. They did the same with my brother about 4…
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Nationwide rejection
Hi all, My mortgage advisor tried to get me a mortgage through Nationwide, It was rejected. When i asked for the reasons why he informed me that me and my wife passed the credit check and the affordabiltiy check... He told me he was baffled as to why it did not go through and they would not divulge their lending criteria…
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Nationwide - I want to borrow more... Please help!
My wife and I are currently looking at moving house (as there are some lovely new builds right near our house and I have an idea of their base price) but Nationwide won't lend us what we need! I want to port our existing mortgage (due to revert to BMR soon) and take out additional borrowing but the website says we can't…
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Self Employed Mortgages
Hi I am self employed and have been since Sept 2008. After one bad year in 09/10 business has been going well and I have increase profits enough to become a limited company last July. Our mortage is with First Direct and we have had no problems with them at all until now. Everytime we contact them regarding a new mortage…
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Tenants in Common - Advise Urgently Needed
A friend has recently split from his girlfriend with whom he shared a house on a tenants in common basis. The fixed term on their mortgage comes to an end later this year and he will try and remortgage by himself. In the meantime, she has moved out and is not currently contributing to the mortgage. In the event that he is…
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Credit report info??
Just a quick question... If you were applying for a mortgage, would the lender have access to any information that you couldn't see yourself on your credit report? ie - if you had defaults that had dropped off your report (because they were over 6 years old) and you were still paying them off, would the lender know that??
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Remortgaging with DMP running
Hi I was just wondering if any of you know of any lender who would let us remortgage when we have a DMP running. We would also need a 90% ltv, this would clear all our debts having a 90%, I dont think any lender would let us just remortgage without clearing debts too.
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Leeds AIP?
Hello, We applied for a Mortgage 80% LTV with the Leeds last week. The AIP was refred and came back as approved. We have now submitted all the required documents which say exactly the same as the info given in the AIP. Has anyone had an experience of Leeds rejecting after issuing an AIP? I feel like something is going to…
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the BUTT of NRAM and their deals
hi all, i could really do with some advice. i am yet another naive and sorrowful sould who signed up to a northern rock together mortgage. 8 years on my house is on the market with a possible offer but one which will leave me with 17,500 of unsecured debt. the repayment interest of which they are going to hike up once the…
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Please ignore
please delete mods
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Tentative steps towards first mortgage..
Hi all, my fiance' and I have noted with interest the new initiative of 5% deposit (I work in that industry so am well aware the benefit isn't potentially aimed at the buyer) It's changed my own view on when buying would be a good idea. The plan until recently was that by summer 2013 we would have approx 30k saved in…
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BTL mortgage - credit score issue
Hi Apols if this is the wrong place for this. Could well be my non-techie incompetence, but couldn't do a 'credit score' search as a phrase and find a thread/section dealing specifically with this question... I'm trying to get advice or a steer on a 'rule-of-thumb' relationship between credit score and level of unsecured…
