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Electoral Roll/Credit Score
Hi, I was registered on the electoral roll at my previous address until around 18 months ago when I moved in with my new partner. I did not register there as I did not know how long we would be living there. We have recently moved in with my parents to help save for a deposit and I have just re-registered at this address…
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who do i complain to
Hi,We took out an endowment mortgage in 1994 through Lloyds Tsb.A few yrs later Scottish Widows took over the plan.Do i put the complaint into Lloyds or Scottish Widows for the mis-selling of the endowment policy,many thanks for any advice recieved
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FTB option advice
Hi, I'm looking for some advice on mortgage options. A bit of a background... We currently rent privately and have done for the past 7yrs. When I first met my husband he was in alot of financial trouble with loans and credit cards being unpaid, a year in I tried to take control of the situation and we (regretably) ended up…
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Mortgage Advice Required
Hi, We live in a home that when we bought we could afford the mortgage, we put £20,000 down and took out a mortgage for the remaining £180,000. The property is probably worth a little over £200k. Since then I have been made redundant and am basically on minimum wage part-time looking after 2 children and studying to try…
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Porting a Nationwide BMR deal
Lots of porting questions I see on these boards but all slightly different details so would just like to clarify... I was on a 2 year tracker from the end of 2007 which then reverted to the BMR of 2.5% which is currently a great rate (until intrest rates start to rise). Is this still likely to be portable? Currently owe…
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cross over of addresses - declined mortgage app
Hi There, I would really appreciate any info or knowledge folks might have on this as I'm baffled and so is my broker - that's what he says. AIP from Nationwide - I apprecicate this is until they do the checks. All the checks came back ok, employers reference, letting agents reference and credit rating/report all ok. Went…
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HSBC mortgage offer only for 4 weeks
Hi we have been successful in our mortgage offer for a remortgage with HSBC but they will only allow the offer to remain for 4 weeks as of this week, the date it expires is early May. We were told initially on the phone in the early inquiry stages that it would be valid for 6 months - we wouldn't have started the process…
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£4,200 net income per month and can't get a mortgage!
My fiance and I both have good, stable jobs and we earn £4,200 (net) between us a month. We have found a beautiful house that we would love to buy and have a 10% deposit, but have been refused a mortgage with NatWest on the basis that our credit rating is not good enough. Having checked our credit ratings, we are both at…
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Remortgage and maternity leave
Would a picky lender like FirstDirect(or any for that matter) refuse a remortgage or reduce the income multiple for someone on maternity leave. Im looking at FD offset 3 year fixes. The mortgage application would just about coincide with the start of maternity leave during which the applicant would still be on full pay.…
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Mortgage Application Questions - Proof of Income and Deposit
For our mortgage application, we are each providing the last 3 months of payslips. Both sets are original documents from large organisations. Are they likely to still need to send off for references from our employers? Also, we said on the phone the deposit is to be funded with proceeds from sale plus savings. On the form…
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Moving home - negative equity
Hoping for any advice / help? We bought a one bed apartment in 2006 for £85,000 as a FTB. We took this on a 100% mortgage (yes I know - big mistake - we used the deposit towards our wedding) and currently owe £75,000 as we have been making overpayments for 3 years. We want to move house but the apartment is now valued at…
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Do Lenders Cosider Overtime when Deciding How Much to Lend?
Been doing overtime for about 6 months now which tyipcally brings in an extra £600 (£450 after tax) to my monthly pay packet. I can evidence this with pay slips. Would a lender include this in their multiples when working out an offer and if so how? Would they take an average over 6 months (the amount does fluctuate a bit).
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100% Unit Linked Endowment
Hi I have an endowment policy (commenced 1992, due to mature 2017), no longer linked to a mortgage and on which I have received compensation for mis-selling. I obtained a surrender value, now also want to look at selling on the open market. Is it possible to do this for 100% unit fund linked policies, or do endowment…
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Paying off CC every month has caused mortgage application to be declined!
I have just been informed by santander that my application to port my mortgage (after various other issues) will not be progressed due to the fact that I clear my credit card balance every month!!!!! It was explained very clearly to them in my initial application that it is a card that i use for business expenses. I am…
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Offset Mortgage - Pay off or leave as is???
I've had a First Direct Offset mortgage for the last couple of years (£400K fixed at 3.29%) paying on average £850 per month. In the meantime an inheritance coupled with existing savings has meant that my savings will equal the mortgage amount and therefore I will effectively not be paying out on the mortgage in the…
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Why do they need to see 3 months of bank statements?
I am a first time buyer and trying to apply for a mortgage etc. They have asked to see three months worth of bank statements, which I have printed off etc, but this months is in debt ( going into my overdraft). Could this affect my chances? The previous two months are fine! Thanks for any advice, am getting worried now :(
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HSBC and Countrywide fiasco
Many posters on this site and on other online forums are rightly angry with HBSC for forcing them to use their ridiculously restrictive panel of appointed solicitors in order to borrow money from them. The reality has been a total disaster for a great many people, particularly FTB’s who now will have to pay Stamp Duty…
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Buy to let Remortgage for foreigner, Need advice
Hi, I need to remortgageto a buy to let but I’m struggling to find one. I moved abroad in orderto study. At the time I agreed with my bank I could let the property for oneyear. The year has passed and since then I was unemployed. I’m going to start a 6months contract beginning of May in Spain. I’m French, lived andworked…
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MSE News: Mortgage prisoners need help to escape costly loans, watchdog told
This is the discussion thread for the following MSE News Story: "The Financial Services Consumer Panel wants a new rule to allow those who cannot switch to have more freedom ..." Read the full story: Mortgage prisoners need help to escape costly loans, watchdog told
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first direct maybe
i have two properties, one my name only (which i live in) and the other in joint name with my brother (which he lives in) his mortgage is interest only with nram paying 580 month on 135k. My brother has recently had alot of health problems and has been accepted for sheltered housing. I am in the process of renting my flat…
