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Experian Credit score 853-fair. Can I get a mortgage?
I tried last year and got declined, based on 5% or 10% deposit.They said I could have one if I put £30000, but this was on a property of 130000(which a mortgage broker just got the quote on), which I probably would only go for a £90000 house now. I have just check my credit report, all 4 accounts are either satisfied or…
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Lenders raising SVR & Tracker Rates.. Could be Unfair/Illegal...
Excellent article in today's Telegraph about mortgage lenders moving the goalposts and changing tracker or SVR rates despite the base rate not changing: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9216995/Mortgage-lenders-move-the-goal-posts.html However, if they want to change their previous…
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Deputy - Offset Mortgage
Hi First time Ive used this site. Very interesting. Ive got a question hope somebody could please help. Im a deputy for my great aunt, who I drop money of for each week. Ive got a bank account in my name which her money goes into. Now im not sure if this is legal or not but could I use what ever money is in that account to…
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broker
savvy mortgage broker wanted birmingham west midlands
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How do I find a good mortgage broker?
We are looking to buy our first home in the next 6 months (have been renting for last 8 years but now have deposit saved). I would like to find a good whole of market mortgage broker but after looking on the internet for local brokers but there are so many I'm not sure where to start. Any advice would be greatly…
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Mortgage broker refund
I went to reeds rains mortgage advisor to get me a mortgage 6 weeks ago and had to pay a £299 fee if he got me a mortgage he applied for one and got it, so the fee was taken from my bank, then afew days later the lender refused the application due to a linked address on my credit file which i was not aware of, after he…
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Moving Home - mortgage advice
Hi Been lurking on here for a while gleaning information, and glad I did. Our previous property has sold and we have moved into a hired property while looking for a new home. We are looking at a mortgage of around £105,000 and have a £60,000 deposit. I have done some searching around, and for us First Direct keep coming up…
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Mortgage adviser wants £300
We have been using a mortgage (financial?) adviser for some months (attached to our estate agent) to come up with figures for what we can afford in new monthly mortgage payments. All his facts and figures were scribbled on paper and no facts stored on his lap top. So if we wanted fresh figures we would have to go through…
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First time Re-mortgaging
Hi All, I purchased a house worth 110k in Apr10 took out a fixed rate mortgage with Lloyds TSB at 4.39% for 2 years. This came to an end on 31 March12 and I'm now on the SVR at 2.50%. Initially i was going to leave this for some time until interest rates started rising again, however I have read on the news recently that…
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Buy to let mortgage implications
Hi, I am not sure where to begin with this but hoping someone may be able to point me in the right direction of who to seek further advice from.... My situation is as follows. In my own right, I have a mortgage with my partner, both still work and have at least 30 years left until we retire. On the other hand, my parents…
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overpaying by 10% but surely must be a reducing amount?
Bit of a hypothetical question, but my mortgage says I can over pay by a max of 10% if I could afford to do so and set up a monthly direct debit, surely this would have to reduce each month as it was paying off the capital so I wouldn't get charged for paying more than 10% of the reducing balance? A £100,000 mortgage would…
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Should we move mortgages or just stay and keep fingers crossed?
We fixed mortgage rates at the worse time possible a few years ago, fixing at 6.9% and then interest rates starting falling rapidly! Our fixed rate with C&G is up at the end of June and we will be going onto their SVR which I think is frozen at 2% above the BOE rate - so we are currently looking at 2.5% when it changes…
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Endowment Lives Assured - from 2 to 1 - reduction in premium?
Hi Guys My wife has an endowment policy that started in 1992 with two lives assured. But in 1997 a Deed of Assignment was signed and submitted to the life assurance company and mortgate provider by our solicitors, to remove one of the assured lives from the policy. Both returned letters acknowledging receipt but for some…
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Buying a second house for work
We own a house in the UK and I had to move abroad for work, so we got a consent to let from the lender and rented it out. We're planning on coming back to the UK, but I will be located in a different city from where our house is. Renting a place when we come back will be much more expensive than paying a mortgage, so we'd…
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Info needed about (life) insurance
I'm a complete dumbo about this - I've heard of an insurance that runs for a set period (10 years for my friend) and then paid out a lump sum. Can somebody please tell me what this insurance is called? And would there be any point in a 70 year old taking out such a policy? :)
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broker vs direct etc
Background FTB Identified house within first 2 weeks of looking. Got an offer accepted after another 2 weeks of haggling. Appointed Solicitor 1 week after acceptance. Currently looking for a suitable mortgage (70% LTV). Got a couple of brokers to give their best deals for a 2,3 or 5 year fix. Both quoted identical deals…
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Early repayment fee
I am wanting to sell my house but have just realised that my repayment fee from june last year is over £3000 eek! It says from June 2013 that no repayment charges will be incurred. Will the charges go down again this year or just stay the same from last year? I want to sell by July as moving for a job. Any ideas on how to…
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rates increase question
evening i have just applied for a mortgage with santander, got accepted, send off wage slips on thursday to the underwriters for varification, rates agreed are 4.99% fixed for 5 years BUT just checked there website and the rates have increased slightly, will i be offered the rate i was quoted or the new rate on offer? many…
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first time buyer
hello all need advice currently looking to purchase a property in the region of £170000 my annual income is around £14000 i am looking to put down a deposit of around £80000, 50k of this will be a loan from my sister who lives in france . What are the chance of me getting a mortgage for around 80-90k?? also what is the…
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buy to let mortgages for the first time buyer
I want to buy a house to let for my parents. I have guaranteed rental income from them and, as I rent my own property, have a deposit of around 15%. Can anyone advise me, should I get buy to let or, could i get a standard mortgage as it for my parents and I rent my flat? Help!:eek:
