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Help Neededq
I am not sure if one of the resident brokers can help? My partner and I have found a property we wish to buy. Value (max) is £165,500 and we have 10% deposit. We could £2k more if necessary. I had a default about 4 years ago, mainly as the bill went to an old address. Anyway this is now being cleared, I tried to sort it…
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Mortgage and Student Loan
We're currently looking for a new house and I've spoken to a couple of morgtgage advisors and been told we shouldn't have any problem getting a mortgage (both got secure jobs, will have 25% deposit from sale of current property and want to borrow 2.5 times joint salary). I've told the advisors that we have no credit cards…
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Mortgage credit rating problem
Hi there, I've been working with my broker to get a mortgage in place. The problem is my credit score is too low. It's low because I have no credit cards or personal loans. There are no ccj's or anything like that on my report. I have 15% deposit and money to move - previously I've had 4 mortgages - 2 of which in the last…
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Paying off chunk of mortgage - advice please.
First post here so please bear with me. We have a capital repayment mortgage with First Active with a current interest rate or 1.6% which we realise is very good and do not want to change anything that might affect the rate. My wife has been made redundant, and because of a long term illness, we are not sure that she'll be…
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Transfer date of new remortgage
Hi My five year fixed rate repayment mortgage of 6.45% with Santander expires on Saturday 2nd June 2012. Santander have confirmed by phone that I am free to move to another lender (or remortgage/drop onto SVR with them) from Sunday 3rd June 2012. Therefore I am currently applying for a remortgage deal with HSBC starting on…
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New Mortgage Advice - Not First Time Buyer - How Much Can We Borrow?!
xoxoxoxoxo
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Mortgage advice
Hi Wonder if you can help - I'm hopefully on the path to buying my first house by the end of the year. Savings are going well but the main thing I'm not sure about is what I can borrow. I'm a shift worker and my official salary is around 30k.. but I also receive a 30% shift allowance so effectively - my pay is 40k per…
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advice on taking advisor to small claims court
We are currently going through the process of buying our first house. We started the mortgage application at the end on November 2011 and are still waiting to complet. If we do not complete by the 24th of this month will have to pay stamp duty which we cannot afford so the mortgage will fall through. We will also lose the…
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Endowment policy redemption.
Hi, can anybody please advise me as to what options I have with a Prudential, with profits, endowment policy which matures this month. The redemption value quoted is miserable, and I was wondering if anybody was aware of any other means of increasing the value. I know that there used to be dozens of adverts offering to buy…
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Turned down by natwest help!
Hi, We've applied for a 1st buyer mortgage, raised a deposit with homebuy (26% deposit) So we're finding a mortgage for 74%. In summary the mortgage is 133K, good credit score, bread winner earns 30K, in addition receive child tax credit etc (Which natwest accept!) and in additional bread winner received a £2,500 bonus…
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mortgage advice and secured loan + IVA
:eek: Evening folks. Just after a bit of advice please. Our Mortgage with Northern Rock is £119,000.00 we are looking to re-mortgage but they are not offering anything at the minute. Ideally we would love to put our £38,000 secured loan into it, which we have had for a few years. Th only issue is since 2008 we have been in…
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First time buyer WANTING TO BUY A short lease property
26 year lease. £89950 asking price. Is there any way to finance this in an affordable way or am I just kidding myself? Have looked at mortgages - lease is too short Bridging loan - lease too short and too expensive What other ways can you finance a house purchase? PLEASE HELP!!!
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Ex partner's unsecured loan on mortgage
Hi, am new to this so please bear with me if I have posted on the wrong place! My work colleague split up with her partner about 2 years ago, and he left her in the house they jointly owned. She doesn't earn enough (£15000) to take the whole mortgage on herself as when they were together, her partner took out an unsecured…
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Reducing size of mortgage
Hi there, I currently have a £125,500 mortgage with Santander on a SVR (4.24%). I now want to switch, and have managed to secure a decent 3yr fixed at 3.28%. However, this rate is only for 75% LTV, and when my house was valued, they said it was only worth £165,000. This means the most I can borrow is £123,750, leaving me…
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Miss Sold Endowment (revisited)
I have been reading through the Endowment success story posts today and decided to look at my old policy. I bought a half share in a house in 1988 and got a Endowment Mortgage policy with Royal Sun Alliance (Life Assured policy dates Jan 29 1988) Basic sum £9,900 with maturity payment of £20,100 to make up the sum of…
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rubbish at maths...
hope this is possible to answer! thanks in advance. currently have a repayment mortgage on 3.99% interest,mortgage loan is at £58,000 and i pay £351 a month.if i took a new mortgage with same interest rate but paid £100 more a month,how many years would this take me to pay it off?
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Should you insist on meeting the other freeholder before signing?
Hi, FTB and had a panicked thought. It's 50/50 free hold and we have had the offer accepted. I haven't met the other freeholder.. I reckon I should to make sure he / she / they aren't a liability?! I mean, they could be nuts and have 50% of the building rights! :eek:
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Lifetime tracker 'trekker'
Hi, Regarding mortgages,I have read somewhere the term (Lifetime tracker 'trekker'). Can someone please tell me what lifetime means, is it the life of a mortgage or the person's life. In theory mortgage is on the house, so while it is there bank don't loose. sebastian
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Mortgages for Limited companies
Hi all, This is my first post! You guys were recommended by a friend who regularly comes on here so I'm hoping someone might be able to help please. I am looking to set up a new LTD in order to buy about 10 properties over the next 12 months at about 65% LTV. I'm fairly experienced with mortgages but I always used to use…
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Clydesdale Bank
Has anyone else used them. I have never dealt with a less professional outfit. They are the slowest bank I have ever been with and change their criteria at the drop os a hat. NEVER EVER USE!!!!!!
