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Borrowing more than property value
Hi All, Just a quick question, if the bank are willing to offer for instance £150,000.00 mortgage, but the property purchase price only required £140,000.00 could you still take the £150,000.00 mortgage but use the other £10,000.00 as a sort of a loan to better the house/use for whatever necessary? Thanks
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Letter from The One Account
We received a letter today from the One Account stating that when we first arranged our account we chose to pay our borrowings gradually over our mortgage term and they have noticed on our annual review that our account has remained behind our payment plan all year. They have asked that if we are not in a position to bring…
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the new 5% deposit
Hello, Was wondering if I could take some advice off you clever money people! I have seen this new 5% deposit government scheme all over the news today. Well my question is, where is this 'other' 5% coming from and do you have to give back that 5% over time? What are yours views? My reasons being are, my offer has been…
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Will lender withdraw mortgage offer ?
Hi About 6 weeks ago I had an offer accepted on a house. I then applied for a mortgage which was offered after a valuation of the propertey had taken place. I instructed my solicitor to commence the searches. The drainage search resulted in an extension to the house being buit over a public sewer and no build over…
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Endowment shortfall Bradford & Bingley
I have an endowment mortgage with the Bradford and Bingley, my mortgage comes to an end in 18 months and I haven’t got an endowment to pay off the mortgage, I have spoken to them today and they have said that I have to pay the outstanding balance or sell my house, I am not in arrears with the payments and have a good…
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Trying to get a mortgage
Hi, this is my first post here, so firstly hello! I came for some advice, I have managed to save £9k for a deposit for a first time buyer mortgage, however have been turned down by my bank! They say it was due to credit score, I have never missed a payment on anything, so checked myself and credit rating is FAIR. The…
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Mortgage - How much can I borrow?
Hiya I'm reading up on mortgages and looking at properties in my area and would like some advice on how to buy a house. I want to be prepared in the next couple of years and focus on saving for a house, but to do that I need to know what sort of figures I'm looking at to do what I need to do. At present me and my partner…
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Paid off DMP, how long will it affect mortgage applications?
I have finally paid off my DMP (£10K) and I am looking to buy a house with my husband (he has saved the 10% deposit). I have a couple of defaults on my credit file from 2008. I was wondering how long the DMP will affect my credit file and potential mortgage applications? We have been advised that it will take 3 years after…
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95% ltv mortgages
Hey guys im pretty new to the forum and i'd just like some advice re 95 LTV mortgages. I already have a property which i bought during the boom and lost £20k on so I have been renting that out at break even. I now want to buy a property to live in but I am self employed with 3yrs accounts and a good credit rating, any…
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buying into a family property
Hi everyone I'm looking for some advice really.. My partner & I, although keen to get on the property ladder, had pretty much come to terms with the likelihood we'd never be able to raise enough deposit. However... My mother & grandmother currently live together in a house worth approx £300,000 with a outstanding mortgage…
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Looking for advice please...
Hi all, Any brokers or people who have been in a similar position who could give me any advice would be great. I'm 25 and must move out from my parents house due to 3 of their grandchildren being placed in the home by local gov. I have a very good job and is secure (i hope), I am a probation officer. My annual salary…
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DMP paid off is a mortgage possible?
Hi new to forum Hopefully I've posted in the correct place,I have just finished paying my DMP with the cccs, and a property has come up in our village on the part by part rent scheme, we have a 20% deposit & looking to borrow 70.000,problem is we have been given as many as 9 defaults not done a credit search yet, but had…
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Is a mortgage possible?
Hi everyone. I'm new to the forum :) I am looking for some advice really. My partner and I both work, I am employed full time and my partner is self employed. We both have a pretty poor credit rating but would like to buy a house. Although our credit rating isn't perfect, my partner already owns a house which is in £70k…
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next step in getting a mortgage
Hi My husband and I are seeking a mortgage at 90% ltv. he was previously bankrupt in dec 2006 discharged 2007. We have an income joint of 40000 and are looking at properties of around 120000. We spoke with a broker who said we were unable to get a mortgage. He tried aldemore for the family gaurentee but wouldnt take us…
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HSBC and self conveyancing
Hello, My partner and I had two properties with two HSBC mortgages. We decided to separate (very amicably!) and divide the properties. One in my name only and the other sold with the profits towards new HSBC mortgage for ex. We went to HSBC together and explained the situation. We pointed out that we would be dealing with…
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Joint mortgage app decline - advice pls?
Hi, I'm hoping someone can help with some advice? I currently have a sole mortgage on the property I own and the fixed period ended last year. My partner and I were going to move house and apply for a joint mortgage. We found the house, sold mine and applied with my current provider, YBS, for a joint mortgage on the new…
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Adding Personal Loan to Mortgage
Hi all, Just a quick one. My 2 year fixed deal runs out next March on my Mortgage. I bought my home last year with my partner. I currently have a personal loan which I would like to add to my mortgage. Is this possible? Any help would be great. Thanks
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NewBuy mortgages
Can anyone offer advice to a discharged Bankrupt. Bankrupty late 2009 and discharged six months later in 2010. If we had the 5% deposit and the mortgage would be smaller than our rent would anyone look at us to buy under this new Government scheme? Any opinions would be greatly received. Thank you
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Cheque repayment off mortgage lender
Hi guys, need a bit of advice on this got a letter out of the blue off my mortgage lender which reads as follows. when you took out your mortgage you chose to make fixed payments which did not take into any changes in interest rates. we have now assessed when the the payments you made over the life of your motgage where…
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Shared equity mortgage
Hi all my fixed rate mortgage with halifax is coming to an end. I have a shared equity mortgage property bought 2 years ago for 246k. Halifax mortgage is 171k and builder lent £24600 interest free for 10 years. I am using a mortgage advisor who said there a only two providers that do shared equity mortgages is this…
