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credit card payment 4 days late - how does this affect mortgage application?
I'm currently in the process of applying for my first mortgage. I took out a new credit card recently and have just noticed that I neglected to set up a direct debit (I've done so now!) which means I'm going to be about 4 days late on my credit card payment. My credit up until now has been very good - so my question is,…
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Mortgage/Mortgage fees advice (first time buyer)
Hello Everyone, I am hoping that, once again, you wise people can help with a few questions I have :) Here's the deal: we had an offer accepted on a property a few days ago and started the process through our mortgage advisor (one that charges a fee). However, I don't trust him very much for some reason and I think that he…
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first time buyer
can someone advise me the best way to get in the property ladder How much % of deposit first time buyer will have to put in. what is the best mortgage available in the market now for about 150k to borrow. How long will it take the whole process once i found the house. what's the longest period i can pay back Thanks for…
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Longer Term and Overpay vs Shorter Term
Hi All, I will need to remortgage soon and I am pretty new to the mortgage game. I have a 25 year mortgage on a 3 year tracker which expires in a few months. Would there be any value in me remortgaging for 25 years thus having a lower monthly repayment and making overpayments rather than just remortgaging for a 22 year…
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Joint FTB's where one has bad credit history.
Hi Guys and Girls. Does anyone know which lenders will consider us for a joint application where one of us has bad credit history? Me - Salary 24k, clean credit file. Partner - Salary 4k, previously unpaid debts just paid off, so bad credit file. Both have no current loans, credit cards or overdrafts. Deposit 40-45k…
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Income multiples joint applications
Been looking to remortgage but am very confused by the income multiples they seem to vary drastically also does it make a difference if you have more equity etc? Who are the lenders willing to lend in higher multiples for couples? Thanks
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help please deeds
we have just recived a letter from phoneix insurance our endowment matures in june we have recived a letter from them asking for deeds of reassignment we have deeds of reassigment which is for our last propety is this is what they want many tks
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Pru/Scottish Amicable Endowment Top???
http://www.thisismoney.co.uk/money/pensions/article-2128109/Co-op-Investments-cuts-payouts-endowment-policies-mature-start-month.html How can this be true when there are holders of endowments from other insurance companies (on this board) showing surpluses, whereas my ScotAm paid out in February was a few grand in the red.
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Alliance & Leicester Mortgage
Hi All, I'm just in the process of remortgaging and was looking at my Alliance & Leicester monthly flexible mortgage statement, i have only just noticed that the amount i borrowed that is stated on the statement is about £1400 less than the opening balance. The mortgage is currently interest only, would any other A & L…
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Applying for Mortgage
When i apply for a mortgage, will it ask for all my address in past three years and the time frames. i lived with my parents up until June last year, then i purhcased house, but continued to live with parents until November when i moved in, Now i have moved back with parents while my house sell. Is this going to be hard to…
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Fixed or Tracker advice?
Hi, my 5 year fixed deal at 6.24% end's this month with Co-Op bank My LTV ratio is 48% with balance of £57,000 I was looking at another 5 year fixed rate as always (fee free) on a repayment type again at 3.39% But now I have seen the below on there website Lifetime Tracker for Current Account Customers BOE + 2.09% (2.59%…
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Non guaranteed earnings
can anyone help We have been renovating a house for a couple of years which has mainly increased our debt quite considerably. The house is now finished and we have a loan and a mortgage to repay which is squeezing us a bit. We thought that we could add the loan to our mortgage and extend the term of our mortgage at at…
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Joint mortgage abroad...do I have to sell?
Hi, Please can someone give me advice. I bought an apartment in Mallorca with my boyfriend 5 years ago. At Christimas my partner suddenly up and left and now says he wants to sell the apartment, the valuation is shockingly low and I don't want it to go on the market until it is worth a bit more. Can he make me sell? He has…
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Clerical Medical Low Cost Endowment
I promised to post the details of my low cost endowment taken out via Lloyds TSB in 1987. My original mortgage was for £45,000 Endowment is with Clerical Medical with the following details: Sum Assured £15,165 Monthly Payments £60.45 over 25yrs Reversionary Bonus at maturity (19 May 2012) £14,563.80 Terminal Bonus…
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Second mortgage, shocking credit, but much ££
Second time, as the PC ate my post! Basically we need to move to reduce the traveling involved to work (I telework, so can work anywhere) We don't want to sell our current house, but we have a long term tenant chomping at the bit so to speak that would more than cover the mortgage we have at the moment. We have about 10K…
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35 year Mortgage, fixed for three years with option to pay additional £6kpa
My son is a 1st time buyer. He has been to see a mortgage advisor today and this is one of the options they have offered him. His intention is to pay off this mortage asap but the 35 year term still keeps his monthly payments low. Meanwhile the additional £6k per annum is the way he ensures that he pays off the loan thus…
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are endowments doing better
just a general question, are endowmeents on the whole performing better,or are we still in the gutter,ther must be some things in the world ie china that they could invest our money in
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FTB - Mortgage options. Help please!
Hi all, My partner and I have had an offer accepted on a property last week for £210k. Our deposit is 57k for the mortgage. We have been dealing with L&C up until now, who gave us a decision in principle, however, the mortgages that have been suggested are not especially competitive. Their suggestion is fixing with…
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Joint Mortgage - Partner with bad credit
Hi all, I recently got engaged - my fiancee and I would like to start saving up for a deposit soon after we get married next April. We earn pretty decent salaries - I'm on £37,000 a year and she's on £47,000 a year. I already own my own property near Central London and have a £126,000 mortgage which I'm overpaying at the…
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scottish widows endowment
wife has just received payout for SW endowment she was sold as ''saving plan'' 20 years ago - she has been paying £25/month into it (was set up as 5 x £5 policies for some reason) so has paid in £6000 in total and has received the grand payout of £8138 - is it just me or does that seem like a fairly miserable return for 20…
