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New mortgage needed for 2nd house. Already refused
We are currently in the position where we need to re-mortgage our house to borrow extra funds. Our house is currently worth £220000 and we want to borrow £136500. We have to base this on my OH's income of £34000. The problem seems to be that we have a second house which we currently rent out. Our mortgage on this is £408 a…
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Please help, second mortgage app refused.!
Please can anyone help, I need to get a mortgage as my current one runs out in November (we where ill advised to get a 7 year mortgage in 2005, there for it has to be redeemed in November this year) My wife has had some big defaults and subsiquent ccj's in 2006/7 totaling 21k :eek:. I didn't find out about them until 2010…
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natwest mortgage
hi i just wanted to know if anyone knows anything about natwest mortgage application process? we have applied for a mortgage with them and they have said that it has been agreed and they will now do the valuation. does this mean if the valuation comes back ok they will offer the mortgage? does it still have to go to…
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New Mortgage-help
HI, My OH is going to get a mortgage on his own as I have a poor credit rating. the only problem is his basic wage isn't much but he does regular overtime. Would a mortgage company still take into account my contribtion to the household income when deciding borrowing without me going on the mortgage and affecting the…
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Anyone taken out a Northern Rock mortgage recently?
Hi - I was wondering if anyone had recently taken out a Northern Rock mortgage and what your experiences were, the affordability calculator on the website gives me a figure Im happy with but was wondering whether the amount stated would be anywhere near what they may offer.. ..Also if you have how did you find the…
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this is a little complicated ?
I hope someone can give a little advice on what to do here, I have not slept for a couple of days searching for the answer ? ok firstly a little background, last year i was studying an OU course and had a loan to pay for funding through OUSBA, for a couple of reasons missed a few payments and then they said if i did not…
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Mis sold endowment claim expired?
I surrendered an endowment about 7 years ago as it wasn't growing and wondered if the expiration date for making a claim has expired?
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The better Mortgage networks to join ??
Hi ALL I have recently been made redundant from a tied workforce ( investment and protection) and would like to work self employed in the mortgage and protection industry. I would like to become self employed within a few months and would like some feedback please on best mortgage networks to join ? I may extend the model…
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Change in Credit History
2 days back through a mortgage broker, under the name "Agnelo Fernandes" I was told Halifax is happy to give 75% LTV (loan to value). Now all my bank accounts / credit card / rent payments, etc are done in the name "Agnelo Fernandes" I submitted my passport, where it is written given name: Christopher Victor and surname:…
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Help i need advice!!
Mortgages - Example= If i am buying a house for £140,000, but it is actually valued at £240,000 is there anywhere i can get a mortgage that would use the extra value of £100,000 as a deposit for the mortgage? Hope this makes sense!!! :mad: I would appreciate any advice!!
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Credit ratings and FTB Mortgages
Hi Can anyone help, I am a first time buyer with a 10% deposit to put down on a property I have seen. I saw a financial advisor who offered me a mortgage deal with Nationwide therefore a mortgage in principle was done only i didnt pass the Nationwides credit score even though I have a 999 credit rating with experian with…
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Will we get a mortgage?!?!?
Me and my fianc! are off for our first mortgage meeting next week and we have everything crossed that they say yes but we are still so worried they are going to turn us down. I am employed and he is self employed, I have two employers but earn around £16,500 per year. My fianc! has been self employed for two nearly three…
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shall i try a new mortgage or risk present one?
I'm beginning to think I live on this forum. Trying to find a mortgage for a 1 bedroom ex-local authority maisonette (building 4 storeys). My broker suggested Nottingham Building Society. Initial application went in today. Not heard back yet but I've since read that the leader wont accept ex-local authority. I wrote him an…
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Can we get a mortgage to move?
We own a house worth £130,000 with a mortgage left of £65,000. We would like to move to a different area but keep the house so my husband can come back to work here 3 days a week. It has three bedrooms so the idea is to rent out the other two rooms. The problem is i'm not sure if we will be able to get a second mortgage. I…
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FirstBuy scheme questions
Hello, Myself and my OH are looking to buy our first house. We are interested in a new build with Barratts that provides the FirstBuy scheme. After conversations with them I have been told... 1. We HAVE to use their mortgage broker (mortgage integrity) as Barratts are providing the privilege of firstbuy equity loan. Also…
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Mortgage assurance
Can anyone help with my query? My father paid off his mortgage in 2000, yet the bank have still been taking out his direct debit payment for mortgage assurance despite the fact he has had no mortgage for twelve years. I told him to cancel the direct debit, but is he eligible to get his payments back, as the bank never…
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Mortgage application
Hi, I initially got approved for a mortgage about two months ago with Santander even though I had told them about a default on my credit file. However when I went back to them and told them I had put an offer on a house they then told me my application for a mortgage with them was then declined because of the default.…
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First time buyer - how long does initial mortgage approval take?
I'm using L&C as my mortgage brokers. I have a decision in principle from Leeds Building Society that I applied for myself online a couple of weks ago but not really happy with the deal and I was offered a much better one by my broker from Nottingham Building Society (who?) today. Anyway - gave L&C the all clear to submit…
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Fixed term mortgage ending
Hi All, My 5 year fixed term mortgage is coming to an end in December. My lack of knowledge on these matters is laughable. What will happen when my term ends. Currently I owe slightly more than my house is worth. My interest rate at the moment is 7.79% Im currently paying £560 a month. Will my payments go up or down? Any…
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Porting mortage nightmare!
We have been in the process of trying to port our martgage for the last 9 weeks, after various 'yes of course', 'that'll be fine' with the sales dept and then the person handling our case our lender keeps changing their mind and asking for more and more proofs of income, despite the fact we have always paid our mortgage,…
