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FTB (with parents lending some, and sharing some equity).
Hi there, I wanted to see if I could get some general advice as to whether many/all lenders would be likely to accept the below setup: I'm a first time buyer, with no debts (except my student loan and a credit card that is paid off every month) earning approx £25k/year looking to purchase a flat for between £170 and £210k…
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Multiple Applicant Mortgages
I am looking at buying a property together with my daughter and her husband. So far we have only approached the Halifax to get an idea of the amount we could borrow. We found that they still base the amount you can borrow on two of the applicants rather than all three of us. Does anyone know of any provider who will…
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Mortgage Applications
I'm currently applying for a mortgage with Nationwide after a previous refusal due to the LTV ratio 90% they have now referred my 85% application and has been 2 days already however I've put in an offer on the house (yet to be accepted) but the EA is keen to ensure that I have everything in place. Is there any harm in…
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Changing bank prior to mortgage application?
Not particularly happy with either of my current account providers at the moment. Credit file ok but Nationwide have pulled the plug on my o/d and cut my credit card limit to a paltry sum, and had to take Santander to the ombudsman over a major cockup who found in my favour! Looking for a new mortgage deal in the…
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Mortgage applications & credit record
I intend to apply for a mortgage in the near future, so thought it might be a good idea to take a quick look at my credit record - expecting no problems. Overall this was the case, however there is one blip. Among the 14 credit agreements showing on my Equifax report (which include several bank accounts and a number of…
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Halifax interest increases even on fixed rate??
Hi brand new to the site! I have recently received a letter from the halifax informing me that me mortgage is increasing due to the rise in their base rate. The problem is that i am on a fixed rate mortgage! I contacted them to ask why the increase had been added to my mortgage to be told " the letter is a bit misleading…
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second home
I currently own my own property (value 120000, remaining mortgage to pay off £67000) which i will be remianing in but wish to buy a property for my parents to live in due to my fathers failing health and inability to use stairs. I have a reasonable deposite £60000 and looking to get a second mortgage for approx £50000. Is…
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Advice on porting NRAM mortgage
Morning, I was after a little bit of advice with regards to an NRAM mortgage that I have. We have had our current mortgage since 2003 with Northern Rock and then to NRAM. We are looking to possibly port our existing mortgage (£138k) to another property but since we took out the original mortgage our circumstances have…
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Mortgages and Divorce/Seperation
My wife and I are going through a seperation. We have just moved house, the mortgage is in both names but it was granted soley on my income. My wife doesnt work and has never worked, but will receive enough in benefits to pay the mortgage once I'm gone. She will be looking for part time work as well. When I leave, I dont…
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Michelle
Hello. I was mis-sold an endowment (2 actually but am just concentrating on the first for now!). It is with Legal & General and matures in August but, like most others, is likely to fall significantly short of the target figure. I took advice from MoneySavingExpert.com and contacted the Financial Ombudsman Service, spent…
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Mortgage Lenders who don't use Equifax??
Hi, I just got my full credit report from CheckMyFile and my CallCredit/Experian scores are 740 out of 1000. But the Equifax score is down at 185 !!! I have one Court judgement (which I was never aware of) for £1003 but this was 7 years ago and it says it will be removed from file Nov 2012. Other than this there are no…
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Gmac. Further advance or remortgage?
Hi I have an interest only residential £105k mortgage originally with Gmac, now Paratus AMC. Was taken out in 2004, been running fine ever since. House sale price currently £140k realistically, possibly up to £170k after proposed makeover with refurbed kitchen and bathroom etc in current market conditions. Not sure of…
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complications
here's our story my girlfriend and her brother and sister inherited the family house . one third share . my girlfriend and i are buying the house and have to buy out the brother and sister we have taken out a mortgage with hsbc to cover the cost of paying off one share and paying cash from our house sale to pay off the…
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Life cover through estate agent financial advisor
We recently visited our estate agents In house financial advisor. We're able to port our current deal with A&L (BOE + 0.75%) and borrow a further 73k on a repayment mortgage plus our equity. The advisor told us he would not receive any payment from us or A&L for arranging our mortgage, but would expect us to purchase life…
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Achieving the Impossible (FTB)
Hi, I have been checking my credit reports and reading this site for years, but never needed to post before. My situation, I earn £43,800pa in a very good engineering job - which I have been in for over 3 years now (after graduating). I have a student Loan (£10k left) - minor item. I have a personal Loan (£12k left). A…
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Can we get a mortgage?
We are looking for a mortgage of approx £60K on a property worth £110000. We do have quite a few issues, my husband is disabled and is unable to work at the moment, he has a guaranteed medical pension and DLA. I am his full time carer and get carers allowance as he requires constant supervision. Our combined income is £23k…
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Likely mortgage lenders
Is anyone able to offer advice on lenders who would be likely to look favourably considering our circumstances please? We have now seen a property we like which is on the market at £235k. We can place a £30k deposit so we're looking to borrow around £200k (around 87% LTV). We currently have a mortgage free home worth…
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Pension age prisoner
I wonder if anyone can help please? I have just been told by Leeds BS that, despite the original mortgage contract telling me my mortgage was portable, they can renege on this. If I wish to retain my Interest only mortgage, I can only "port" 50 % of the value of the new house (and, as I am still in a fixed rate, I will…
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wasted money
Can't believe this has happened,ive just realised by scouring my bank statements that we have been paying 2 insurances on a mortage we had 5 years ago,we sold the house and have been mortage free for the last 5 years.I have been paying one £15 a month amd another £20 a month for 5 years on something i didn't need.I realise…
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Santander mortgage problem
I have given up on Santander today after 4 really tough weeks, I am a current Santander customer (current acc, husbands current acc, joint savings acc, both have their c/cards with nil balance) we have a current Santander supposedly portable mortgage and were about to exchange on our new house when Santander have pulled…
