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past defults when looking for first mortgage
Hello, Im just trying to gather as much information as i can for my first mortgage. I have spoken to an advisor but have a question that arrose from information found after i spoke to him. I completed a equifax credit report and the only bad point was a defulted account with o2 around 5 years ago. Would i be able to pay…
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Interest only negative equity
Hoping for some advice please..... I have an empty property which is in negative equity & I'm just managing to meet mortgage repayments but have just read that interest rates will be going up which is obviously very worrying. I'm unsure whether to try & rent it out until house prices rise again or to try & sell? Obviously…
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New credit search
Hi all, When you try to get a new mortgage product with your existing lender, will they always perform a new credit search ? I've a few mortgages with different lenders and they're slowly all dropping onto SVRs from fixed. I do intend on selling the properties off within the next three years or so, so may be better staying…
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Aviva Guaranteed min cost end
Last November, we got a letter from Aviva saying the current value of our endowment policy was £33,581.12 So was shocked today to get another letter saying Current Fund Value is £10,240.07 Have endowment polices dropped so much in 4 months ? or have I got mixed up with terminology
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Moving home worries.....
Hi all, Not posted in a while, but all of a sudden in a kind of scary position with our house move. We've lived here for 10yrs, put the house on the market 6mths ago, for £235k. Had an offer of £205k, then £210k from the same couple, another couple came today and offered the asking price!! :T So we've seen a house (thats…
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First time buyer
Hi there, I am looking to purchase my first house for around £85000. I have £20000 deposit 10K savings 10K parents and earn £24K a year. I have had perfect finances for the last 2 years but previously have had late cc payments and gone over my overdraft limit(however my equifax credit report doesn't mention these). I now…
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Mortgage help?
Hi Me and my partner are looking to get a mortgage on a property we've seen for £85,00 but is valued at £110,000. But having no experience in this sort of thing we just don't know which way to turn or what to do next, were both in full time employment and combined salaries total £35,000 per annum. Where renting privately…
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Halifax Home Insurance Added To Mortgage
I took out a Halifax mortgage in 2007. The advisor explained that a requirement was to take out Home Insurance and would I like to take it out with Halifax. I decided to go with it for ease, and thought it would be convenient having both products with the same provider. Admittedly, I took my eye off the ball with it being…
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Mortgage application
Hi all Me and my wife have just applied for mortgage through our broker on monday for a mortgage with nat west. Purchase Price £150000 Depoist £45000from sale of our property so ltv about 66%. Have paid the valuation fee and know they require payslips prove of address and signature.Once they have all this was just…
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Duration of employment and getting first mortgage
Hi All, just a quick one. I've never been out of work apart from once when I went travelling for about 9 months. I came back and went on the dole for about 3 months. Apart from this I've had full time work since leaving college at 18. I am 26 now. Would they just look that since travelling I worked in a bank for 12months…
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Defaults and mortgage?
Hi all this is my situation. I have recently applied for a mortgage which has been declined. The reason being I have 2 defaults from 2 years ago on my credit file both from British Gas for small amounts £117 £159. The defaults were from a shared house I lived in for 1 year and although are in my name were left for another…
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Nat west lending criteria
My mortgage is with Santandar at the moment with a balance of £130k my deal is up in June i also have a Nat west loan with a balance of £10k yesterday i phoned up nat west and discussed about refinancing the loan and to see what it would save me etc as im paying £370 a month this was because intially the loan was for £25k…
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Buy to let question
My mortgage deal is up on my flat soon. My current lender, Clydesdale Bank, are aware that my flat is let out and were happy to permit this without moving to a buy to let mortgage. They did say that at the end of the 2 year deal I would have to change to a buy to let mortgage. I own 50% of the property value. Does anyone…
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Missold mortgage compensation
I did a search for my mortgage company (Preferred now managed by Acenden) and came up with a few "ambulance chaser" type solicitors who were claiming that they could get money for missold mortgages. They were claiming that you could do this if there was an upfront fee (as there was in my case) or being sold sub prime…
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Mortgage Deal Ending Soon - Now Unemployed
Hi all, Hope some of you can advise me. I am currently unemployed , having been made redundant 6 months ago. I have an MPPI policy which is presently covering my mortgage payments, however that will finish in 6 months time. My mortgage is a Fixed Rate deal with Nationwide due to end in April. My query is if I would be…
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First mortgage advice
Hi :-)my son wants to buy a house to get on the property ladder, he has a job which is a start and 10% deposit. However he dose not want to live in the house he wants to let it and stay at home. Do you think he would get a morgage? His dad said we would gurantee it as well. Thank you Julie
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Trying to sort out finances. . .
It is a mortgage related question but there’s a CC part so not sure whether to post here or in the CC section. Please advise if you’d be so kind. Brief synopsis. Wife had major incident that left her remaining profoundly ill after significant recovery period, but still with us thank goodness. Entered payment agreements…
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Mortgage rate hike??
Dear all, My mortgage is currently very competitive - at the end of my fixed rate last year we reverted to paying 1% above base rate so we are now paying just 1.5%. In the news today I noticed that there are some banks that are increasing their rates. Can my lender do this?? I was under the impression that only a base rate…
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Do 90% mortgages exist for 2nd time buyers?
So me & my hubby are looking to buy a new build home from Millers homes. They are giving us 5% towards our deposit as we only have 5% at the minute. We were going to carry on saving to get to 20% in 18 months or so but came across this house and the scheme by chance when walking past the estate. They only have 2 of these…
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Clarify my position with a house in trust.
Hello there. I am hoping someone could help me. My grandmother died a few years back and she left me her house in her will, but since I was a minor it was left in trust for me. I am 21 soon and apparently that is when the house will be transferred to me. The house is in trust with my father and two others who are not…
