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Northern rock admin error
Does anyone know what this error is about. I have received a cheque out of the blue for£6.14 of which £1.38 is interest for an admin error when my mortgage account was set up ( that was about 13 years ago and I redeemed my mortgage and went with another lender about 3 years ago) The letter is from Northern Rock Asset…
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To Sell or To Let?? Help Would Be Appreciated
Hi All :) First post so go easy on me please :rotfl: Basically, I am currently in the process of taking on a second mortgage, the intention was to gain consent to let on the first property with the view to selling in a couple of years. My problem is that after researching this more thoroughly (I now realise I should have…
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100% Second mortgage, can anyone point me in the right direction please?
Do 100% second mortgages still exist? We'd like to buy a second property and rent this one out as it's now too small for us, however I'm loathe to remortgage this one when our interest rate is less than 1%. We would have no deposit for the second property but could easily cover the mortgage on this one with rent (with…
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Mortgage application taking forever....
It's a bit of a long shot but wondering if anyone has any insight as to what might be happening here and what if anything we might do about it. We agreed to purchase a property and got the mortgage application in through a mortgage broker to Nationwide by the end of March. The valuation was done a few days later and the…
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New Build - exchanging more than 6 months before completion. Mortgage expiry.
Hi folks Girlfriend and I have found a new build we like, and got them down to £250,000. We have £80K deposit (her ISA and other savings) so we're at a 68% LTV. Between us we take home £4K a month. And having crunched the numbers on any number of mortgage calculators we can easily afford the £700-£800 repayments on a…
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Is our dream home possible?
Evening all - Lurker but never poster so know how much knowledge there is on here and am hoping I can be helped. Our dream home has came on the market and we have viewed tonight and fell in love instantly. Now we will place our current home for sale but there is a lot of interest in this home and need to know if somethings…
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Is it too risky and will it be ok ?
Couple of questions I need help with I have seen my dream house but do not have mine on the Market. I am being told its a buyers market and am worried that it is too risky to put in an offer before selling mine and need the equity for a deposit but i also cant put mine on the market and hope it s not sold by the time mines…
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Re mortgage - house valuations
Does anyone know how Nationwide up with valuations for re-mortgaging?? and how do I dispute their "valuation"?? Their valuation is not doing me any favours when it comes to LTV and its getting me a higher interest rate then my current standard mortgage rate!
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Joint Mortgage/Split/Concerned about growing debt
Hi, i'm sure this has been posted before however I have certain variants on the issue at hand, so any ideas or advice would be most welcome. My ex and myself bought a property and got a mortgage for £125,000, (the house was purchased for £145,000). We split and since a long period defaulted on the mortgage. We are now in…
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Help me find a mortgage...
Can anyone help me find a mortgage, I got 4 defaults - two of which are settled in full. Two are outstanding. Two were registered nearly 3 years ago, one 23 months ago, and the other 22months ago. Both of the outstanding defaults are being settled through a dmp which has been running for nearly 30 months. What are my…
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Mortgage declined, help!
I have been in the process of applying for a mortgage with ING for 6 weeks now, only to be told today that my mortgage has been declined on affordability grounds. The mortgage amount is £129,500 on a property priced at £185,000 (70%). I earn £34,115 gross per year. The reason that they declined is that currently I am close…
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no mortgage for me - although money's not the issue
Me and this bloke have found a house we would like to buy. The house will come on to the market within the next fortnight, so we are keen to be ready to move if its viable to buy it. The house will be on the market for £295000. We know the house and have seen inside it already, so would probably offer £285000 subject to…
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Treading Water - but is there another way?
Hi all I am in a very poor financial position and have been dealing with it for a few years now - and am gradually getting myself out of the mire......but very slowly indeed. I am wondering if there is something I am missing and wanted to ask if anyone had any ideas. Main problem is that I have a high mortgage payment -…
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Mortgage Savings Accounts
Hi all, My and my partner (24 and 25) and currently renting a house, if plans go ahead in the next few weeks we should both be in jobs earning around 22/23k pa each, and we're looking at renting cheap (neither of us are particuarly fussy about a house, we just see a rental as a short term solution.) We're planning to…
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Negative equity Lump sum offer.
Hi, I recently sold a property with significant negative equity (approx 60k). The mortgage company agreed to let me sell and now I am in discussions with them about repayment of the shortfall. The sale has been completed and I am now renting. The bank are now offering two options: 1. Monthly repayments to clear the full…
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Abbey/Santander Mortgage help please?
My daughter and partner have applied for an Abbey Mortgage for a repo house, they are first time buyers and need a 90% mortgage. They applied 14 days ago, valuation was last Friday and they were just waiting for the offer to arrive so they can exchange this friday, (every day counts as there have been other offers on the…
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I think we're on the home run.... how long?
we've finally had the valuation back and BS have written and offered to lend full amount :j THANKYOU to daveham, who assured me we COULD get a mortgage with a ccj. It wasn't easy, but we jumped through hoops and the BS were slow but true to their word. If it wasn't for dave's advice on forum we'd have given up at the first…
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Re-Mortgage and wanting to add partner
Hi All, I am shocked how hard it has been to find any information on this subject as I would have thought there are thousands of people who would have come across the same situation every year, such as when people getting married, so I figured I'd ask on here: I have a mortgage with Halifax, I am out of the fixed rate so…
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moving house
Hi I have a mortgage with Halifax - I want to sell our house and buy another of similar value and LTV to what I have now and use some of the money to pay off loans and cards I got my mortgage on a self cert basis and cannot prove any income details - I have defaulted on credit cards and loans but am up to date on my…
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Santander mortgage valuation
I have a Santander mortgage valuation on y house Thursday ? What sort of thing do they look for, should I be worried?
