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Remortgage after bankruptcy
Hello, We have a large self cert mortgage that we cant really afford and I have been discharged from my bankruptcy nearly three years, we are stuck on a high rate and wonder if theres any chance of getting a re-mortgage while rates are lower. Cheers meatym
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C&G Payment Break Agreed
Hello everyone I have a couple of questions that hopefully someone on your forum can give a view or opinion on. I recently managed to get my BS (C&G) to give me a 3 month payment break based on my previous faultless payment record over 25 years with them and several mortgages. This has allowed me to deal with some…
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Affordability yes mortgage no
Hello All I applied for a mortgage with HSBC, they did all the affordability checks in the branch and told me I had enough equity and there shouldn't be a problem especially as the mortagage was 65-70% of the property price. I was then refused the mortgage on the basis that it would be tight if rates went rose to 6-8%.…
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Taking over my partners ex-wife's 1/2 of their mortgage
Hi, I'm currently renting a property with my partner. He currently still owns a property with his x-partner. We would like to look to move back to the property in approx 1 year and I'm wondering if there is a way I can take over her half of the mortgage. My wages are the same as hers when they were living in the property a…
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Surrendering Endownments, any tax?
Hi all, I need to surrender (cash in) 2 endownment policies and want to ask if anyone knows the tax implications if any? I believe that they are qualifying, but are they classed as income for tax purposes? I am currently a non taxpayer, but if the cash in is classed as income then I will have to pay income tax. Policy 1 -…
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£72 Default. Will it effect a mortgage application
Hello, Me and my OH are looking at buying our first home. Upon checking out credit ratings one is 'good' and the other is 'poor'. There is a £72 default on a old account with HSBC when we were students. (We forgot about this account and thought it was closed.) For such a small amount will it still have a effect on a…
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<4% APR for 88% LTV mortgage?
Hi all you mortgage savvy folks, I'm looking to get a 88% LTV mortgage end of the year when I should hopefully be at my financial goal. I've been considering the monthly cost of repayments and it's actually looking higher than what I'm paying in rent now but then again my rent is super cheap right now so I could definitely…
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newly self employed -any chance of getting a mortgage??!!
hi all, looking for some advice regards to buying saving for a mortgage which I am starting to be seriously worried I will never get one!! I am 32 I have worked full time as teacher for the last six years. I now earn around 30K per annum. However whilst teaching I set up a part time business setting up my own dance school…
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Gifted deposit question
Hi. I have just come across this site and i am looking for some help with my/our future mortgage application. Situation is as follows. We currently rent but want to buy. I earn 23k a year, very clean credit file, no credit cards, loans or other commitments. My partner who has just had a baby does'nt obv work, but has a…
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FTB advice - another thread
I'm single and have no dependents, I'm a FTB with a good deposit and an excellent credit rating. I'm looking to buy a property and take out a mortgage of £200k and was thinking of going with a BOE tracker as I get the cheapest rate out there. It's also good as I can switch to a different product say fixed if the interest…
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Overwhelmed! First Time buyers
Hi all, I'm reading as much as I can on here, but I'm overwhelmed by all the different types of mortgage etc, and what costs are associated with the different routes! Just wondering if there are any lovely posters on here who can give me some advice as to what steps I need to do now? I'm guessing I need to start with…
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How tough are ML now?
I posted recently Re Offset v None Offset After posts I thought I'd look at the Natiowide flexaccount and their ISA. Joint account = 4.25% ISA - so max allowance as opposed to offset Anyways - had an appt on Saturday, account no problems - just need to complete some paperwork Mortgage *may* be a problem It appears because…
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Mortgages for home businesses
Does anyone have any information on banks/building societies who are happy to lend to people who are going to be running a business from home. We are buying a new home as our main residence but would like to run a clinic from home. We've just been turned down flat by one bank, does anyone have any info on more…
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will having a littlewoods account affect eligability for a mortgage?
i only owe like 200 quid now and wont be getting mortgage for few years but will having one open affect it eve if it isn't being used. should i cacel it a year before i apply
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what are my chances getting mortgage. Thanks
Hi guys I have been with hsbc for 5 years, I'm in the process of getting a mortgage. I will be able to put down deposit of 200000, the value of the property is 410000, I got decision in principle certificate several days ago from HSBC, now I’m worried. My HSBC internal score is 70, they seems fine with that. I just checked…
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More than the "normal" amount for mortgage
Hi, I'm looking to find a mortgage amount of about £120k on a house that would cost about £160k, (apparently £10k under the HR valuation) I currently earn about £23k and my wife earns about £9-10k. We have 2 kids, 16 and 13. Our current home has a mortgage of £75k and is worth £115 to 120k. We also have CC debt of about…
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Any chance of a mortgage?
Just looking for a bit of advice to see if I would have any chance of a mortgage. Im thinking f buying in a year or so but want to have an estimate. I am a 26 year old single woman (no children), full time employed on a permanent contract earning around £28,000. Deposit of around £10-15000 I have had bad credit in the past…
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First time buyer, how much can we get if any
We have been saving up for our first home. Need some advice. Current circumstances, couple mid 30's with 2 children. Employed, 40 hours/week. Contract type temporary 3 months but auto renewable, already had twice. Salary before tax £21750/year. OH not working and no plan back to work. No rent as living with parents. No…
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First Active Mortgage Advice
Hi All I'm one of the lucky few who ended up with a First Active Mortgage tracking at 1.1% above the base rate. I want to move home but obviously am concerned about loosing this impossible rate. I want to rent out my current home to buy one closer to my mother-in-law but have not got a clue how to go about it, especially…
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Getting a loan after mortgage agreement
Hi guys, I've been a big fan of this site for a long time and it is so useful and now time to make my first post. We have just made an offer on our first house, survey next week, got AIP and application for official offer sent, also paid arrangement fee etc. Our 10% deposit was gifted by my parents, we have sent proof of…
