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Rejected and confused......please help!
Hi. I rang natwest to ask to borrow 5k off my mortgage and it was rejected......very frustrated and confused so any advice please would be most appreciated. I am a complete novice to most things financial!! I am married and have 4 children. We all live in a house which has always been in my name only and the mortgage is in…
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Renting out house with mortgage arrears
We've being trying to sell our house (mortgage via C&G). Purchase price was £280k 6 years ago (outstanding mortgage is £220k with £8k arrears have been paying interest only £555 for about 12 months with contribution of £50pm towards arrears). We moved out of the house a year ago as we thought C&G would go down path of…
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GE Money - Process of Tranfer of Equity No Solicitor Required
Hi, My partner's ex is currently going through the application process of taking his name off their joint mortgage with GE Money.The mortgage application has been submitted and he signed the paperwork not realising that at the same time he was agreeing to the transfer of equity. Having been through the process myself, the…
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Obtaining Mortgage when doing Contract Work.....
My husband has decided to leave the Army after 13 years service to pursue as career in Close Protection (probably in Iraq or Maritime). We are looking to buy a house, however we need around £40K deposit which we do not think we will have by the time his notice period ends with the Army. The CP salary is a good one (and tax…
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Has anyone applied for a C+G consent to let on their mortgage?
Hi, I have foolishly rushed into letting out my flat as I was offered a job down south and was required to move fairly suddenly. Unfortunately I could not afford to pay both my mortgage and rent so arranged for tenants to move into my flat. I had lived in the flat for 3 years up until that point and have a regular…
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Low property valuation
Hi apologies upfront as I am so clueless about mortgages! We bought a new build for 180k 2 years ago after bartering down from the 200k list price. We have just received a letter from our mortgage company as our mortgage rates are due to change next month. It says that the value of our home is 165k! I don't think this is…
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Halifax Rate Increase Confusion
Just had my letter from Halifax regarding the 0.49% increase. I have just over £3000 left to pay on my mortgage. Payments are currently £515.63 and fully up to date. Today they tell me the payments due from 1st May are £779.14. To my reckoning this is well over a 50% increase. Ive tried calling them and got a woman who…
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Help with 95% remortgage needed!
I am looking for a 95% remortgage and am currently with NRAM on the 4.79% SVR but would ideally like a fixed rate for security. Does anyone know of any lenders offering this as any ideas on the income multiples that lenders use nowdays as it used to be 3.25 + 1 or 2.5x joint salary?
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overpayment question...
hi all, just wondering if anyone could answer this question... i have a mortgage of 76k left over 22 years. @3.99% if i overpaid just one payment of £1,000 how much would that take off the mortgage? in other words how much will that £1,000 'turn into' if you like thanks
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CCJ's on credit file
I am having problems trying to re mortgage my house that I own with my wife. I have a CCJ, that is my wifes from September 2006 that is linked to me, a bank loan. I paid it off in 2010. My question if anyone can help is, when it is cleared off my record in September 2012, exactly 6 years after the 2006 default date, will…
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Urgent Advice needed re mortgage. Low income with some savings. Interest only?
Hi, I am posting to try and get a little bit of advice for my Mam, who is in a tricky situation, that I need to help her sort out urgently. Any advice you can offer would be massively appreciateed. My mam has split up with her partner leaving her high and dry, with nowhere to live. She is on a low income of c. £750 net…
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Mortgage - Deposit Assistance
My family have kindly agreed to help myself and my partner out by lending us the deposit so that we can buy the house we are currently renting, which is great as it will give us the 10% needed in order to purchase the property. The caveat is that my parents (as it's part of their retirement fune) obviously want to make…
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Joint Mortgage declined im Amazed
Ok here we go, I have had three mortgages with Britania Building Society since i was 18 and am now 35. All three have been redeemed having bought and sold three times. I have recently sold my last house early February following divorce and the last Mortgage settled. I have never missed a repayment ever and have a credit…
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Type of Mortgage
Hi All Justlooking for some advice on what product I am looking for as I am gettingconflicting views from different parties. Icurrently own my home outright. I amlooking to mortgage the property to repay some debts and for houseimprovements. Does thisthen make me? [*]a first time buyer [*]looking for a remortgage [*]or…
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Mortgage - first time buyers
Hi! My partner and I are looking to save for a mortgage for our first home together. The houses we are looking at are currently only just being built so we still have some time!! Was wondering if anyone has any good tips for saving, good savings accounts and/or mortgage lenders?? Its so hard to save when already renting…
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Question re Halifax rate change
Hi, I'm 3 years into a 5 year fixed rate mortgage with the Halifax. They sent me a letter today saying they have increased my payments and the new one is little over 50p more than my current one. I know it's only 50p but why is it changing if I'm on a fixed rate mortgage? It's a repayment and I've never missed a payment…
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Endowment - surrender or sell?
Are there any endowment whizz kids out there who know if sellling a with-profits endowment policy (under-performing of course!) is better than surrendering. We have calculated that surrendering is cost-effective but I'd like any advice on whether selling is better and, if so, where's is a good place to get a quote. Loads…
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Is there any way to get a mortgage with no deposit?
:hello: Hi all. Just wondering if anyone has any advice. Firstly are any lenders are doing the 100% morgages again, or is there any schemes to go down in which a deposit isnt needed. Its so hard paying rent and trying to save a deposit :(
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Need some Mortgage Advice..
Hi all, I hope you dont mind me asking some questions regarding my mortgage. I was a first time buyer 18 months ago. Put down a 30k depost on a house purchased for £90k. I took out a £60k mortgage on a 25 year basis. I am hoping to pay it of as soon as possible really, as i am saving towards it. But i want to know as i am…
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Fixed term employment & Mortgage advice needed
Hi Is it possible to get a mortgage on a fixed term contract? I've recently gone back to a company I worked for 18 months ago on a 12 month fixed term contract, which I intend to make sure is a permanent contract at the end of it. I've got £6k deposit on a £60k house. But, is there anywhere that will give me a mortgage?…
