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Earnings
Hi all, just pondering what 'three times income' actually means. Does it mean gross annual pay, net pay, basic wage minus overtime, bonuses, etc?
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Early Repayment Charge - Term ended
I realise this may be covered in the sticky thread but couldn't find it specifically. My partner's two year fixed rate ended in January 2012 so she's currently paying the mortgage lenders standard variable rate. As her fixed has ended and she was ready to move house is the early repayment charge still applicable in this…
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Mortgage with adverse credit?
Hi, Long story short I split with my husband several years ago & we may have just finally sold the house. We still have our joint mortgage & never missed a repayment. However since I've been on maternity leave my new partner & I have had to make token repayments to a load of creditors with having to pay rent on our home &…
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MSE News: Mortgage misery as Halifax and RBS raise standard rates
This is the discussion thread for the following MSE News Story: "Over a million homeowners will be hit with payment hikes as two of the country's biggest lenders raise mortgage rates ..." Read the full story: Mortgage misery as Halifax and RBS raise standard rates
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Interest Only -> Repayment Query
Hi there all, this is my first post, but I have used these boards previously and I am hoping for some advice please. I currently have two mortgages, one on a buy to let property and one on my home. Both are currently on interest only and have been for approx. 4 years each. I am aware that I should have had a repayment plan…
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Old as the hills
My LTV is about 30% and I have more than enough income for monthly repayment but I can't find a lender that will allow my to remortgage from my current lender because I'm 73. Any ideas?
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Borrowing a deposit
Hello, I hope someone can help me. Me and my partner have been given the opportunity to take out an interest free loan from my employers towards a deposit on a house. My parents would help us out with the rest. I thought that this would probably reduce the amount we could borrow as we would have other commitments but I…
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Have I missed anything?
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Mortgage-any chance??
Hi experts Currently looking for a mortgage. Purchase price £165000 and we have a 20% deposit. But here is the crunch, I have an untidy credit report, I have 6 late payments in the last year but nothing in the last 7months. I also have a default from just under 6 years ago for £715 which was settled immediatly. Our broker…
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Remortgaging 85% LTV
Looking at remortgaging, LTV is 85% - what does anyone recommend? I have been looking at Yorkshire bank - no fees.
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CCJ Advice
Hi all, I hope someone can give me some advice on an issue I have with a CCJ. It all started about 7 years ago when I was unemployed due to an accident at work. I moved into a ground floor flat as I had trouble walking up stairs and being on income support at the time I applied for a Community Care Grant to adapt my flat.…
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Re mortgage- where to start, advice needed.
Hi, here's the situation, I am looking to get a mortgage on our house, that we own outright, worth about 90-100k, to do some home improvements and pay off credit card debt of about 4k. were looking to borrow about 50k, credit cards are nearly maxed, Is it worth us paying off credit cards first? My husband is the main…
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Buy-to-let investments
Hi all, Looking for some free advice really. I am getting made redundant in approximately 1 years time. I will get quite a sizeable payout, but obviously wont have a job. I have been considering becoming a full time landlord using the redundancy payment to buy several properties to let. As far as I can see, by using a 25%…
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Future inheritance on present mortgage
Has anyone ever taken a gamble on on buying a home by adding to the mortgage in the expectation of paying it off in years to come from parental/in law inheritance? I know the pitfalls are ethical, inheritance tax, long term care for parents/in law, crash in the market, illness/death of partner or self, redundancy etc all…
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Newbury scheme
Hi there I've been looking at this scheme which I believe is due to be released soon. From all the literature it looks like the maximum house price will be 500k but I've spoken to a sales rep at a Taylor Wimpey development who said 200k was their maximum.! I realise all the details haven't yet been released but I wondered…
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Mis-sold unregulated mortgage
I'd really appreciate some advice on a mis-sold unregulated mortgage. It was sold to us by a broker (whose parent company has since gone bust) as a variable rate agreement but it turned out to be fixed - at a high rate. We took it out in 2008 when rates were still quite high anyway so didn't suspect anything until rates…
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Abbey Changing the Goal posts at the 11th Hour, highly frustrating
We did a lot of research before going in for a mortgage and are fully aware of our credit rating and standing within the finiancial society, so was really shocked when we were told we could potential get a mortgage! We used Norton as our broker due to adverse credit in the past instead of starting with our banks and ending…
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Student Nurse mortgage.
Hello, I am currently coming towards to end of my nurse training, me & my partner (works full time) are looking at buying a house. We have been told halifax will ONLY give us a mortgage due to my bursary. Does anyone know of any others? Many Thanks
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Will these factors affect my mortgage application?
My partner and I are about to apply for an first time buyer, HSBC 90% LTV mortgage and are worried about a few factors. We initially planned to apply end of April to get a few things in order but we’ve found a ‘dream property’, had an offer accepted and need to move faster than anticipated. Our Details: - Property Price:…
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Self-Employed first time buyer, but with well-paid partner....
So I'm a recent solely self-employed individual, with tax records that are far from suitable for a mortgage lender, however my partner earns a good wage and we have a reasonable deposit for a first time buyer. Our LTV is around 78-79%. Basically for the last three years, 85% of my income has been through PAYE, with only a…
