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Unable To Change Mortgage..Ideas?
Hi all, I'm looking for some friendly advice regarding my situation...I relocated from Stoke to Somerset due to work, I rent out my house in Stoke via an agency and I now rent in Somerset. My mortgage is with TMB who technically no longer exists but manage existing borrowing. My discounted mortgage ended some months ago…
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NRAM problem
I have my mortgage with NRAM (used to be northern rock), I have a mortgage & an unsecured loan to make it 100%. About 4 years me & my partner had some money problems & ended missing payments, then in October 2008 ended up with a CCJ because of it. From what I remember being explained at the time (I am unable to find the…
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Is agency work considered as income when applying for a mortgage?
After lots of thought and searching I think I have found a job I can apply for that will fit around my current work schedule (as it is an agency). I know agency money is variable when your only doing it on the side, but say you gave them 12 months worth of payslips and then worked out the average pay from that? could…
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Help please! Mortgage fees added to loan
Hi everyone, im new to this forum so please excuse any old ground covered etc etc. Ive had a quick look to see if my questions have been answered elsewhere but dont think they have. With attention seeming to be turning from PPI to missold mortgages I have had a look at my original mortgage offer and am hoping that I can…
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(Repayment) Vs (Interest-only PLUS Capital)
Repayment Vs. Interest only PLUS Capital overpayments? Is one cheaper if interest identical? I am trying to figure out what is the best option for me, repayment, or interesting only plus as much extra as I can afford to repay. Hypothetically, assume I had 2 mortgages, both with identical fees, and identical interest rate…
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Is there anyway we`ll get a mortgage pls anyone-honest advice appreciated
Ok we have a house if we sold our current house we`d prob have 40-500 k to put down on somewhere bigger. We live in a 3 bed semi with a smallish morgage in compaison to our salary (well i think so ). Stupidly we got into debt several years ago through mismanagement not lack of money tbh. The thing is i earn at least 20000…
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Mortgage for renovating
Hello Everyone, My wife and I seem to be in an odd situation we own our house and so have no mortgage and would like to borrow up to 40k to renovate. I'm finding it difficult to compare mortgages as they all websites and comparison sites are for first time buyers or re-mortgages! Is this classed as a re-mortgage?? I think…
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Buy & Partial Let
Hello All, I've been looking around this morning for the right mortgage product and I'm not sure it exists so over to y'all to se who can put me on the right path. My wife and I both had small places when we met so we lived in one and rented out the other. Roll on a couple of years and we'd like to buy somewhere bigger to…
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renting flat or repossession?
Hi, I am looking for some advice. We have a two bedroom flat which we unfortunately got on one of the old 110% mortgages so clearly we have no equity and actually owe more than the flats value to 'Northern Rock!!!'. We have had to move away to rental accomodation due to work and family too big for flat. My question is do…
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How does overpaying work and is it better to put a larger deposit?
I'm a first time buyer. I have made an offer on a house and spoken to a mortgage advisor. My savings cover well over 25% of the value but I don't have enough to bump me into the next LTV % band and still have enough for fees/furniture/etc. After running the numbers my mortgage advisor gave me, if I pay a deposit of 25%…
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transfer of equity
Hi i have a joint mortgage with my sister and want to transfer her share of the equity to me, its a buy to let house but every broker says to remortgage as i do not earn £25,000 a year i do not wish to do this is i am able to pay the mortgage just fine is their another way around this perhaps court order against a lender?…
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Remortgage advice please
Hi all I'm remortgaging for the first time and do not have a clue what to expect can anyone help. I'm planning to stick with my current bank for my mortgage but fix it as at the moment we are on variable and I fear the rates will shoot up. They advise they will need to re-inspect the house which I hope will be ok. I know…
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Title deeds f#*k up where do I stand?
I am currently renewing my mortgage, and just completed all legal documents. However i returned home today to find the solicitors have sent me my title deeds, i was under the impression you recived these when you payed off your mortgage. Where do i stand legally on making mortgage payment if i physically hold the title…
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Joint Mortgage/Divorce Aftermath Advice
I moved out of a house with a joint mortgage on it just over a year ago, due to my wife cheating on me and wanting to split up. As she was the main earner and I would be unable to afford it on my own, she decided she would live in the house and make all mortgage payments/bills on it, whilst trying to sell it. She lived…
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Closing Date Tomorrow - DIP since declined URGENT HELP!
Hi My husband got a DIP approved from Nationwide we have a £10k Deposit and need a mortgage of £38k. We have a closing date on the house we love tomorrow at 3pm but when we called Nationwide tonight they declined my husbands application for a full app because he has no current account or credit!! We really dont know what…
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working abroad, living in UK, buying a home?
Hi dear forum members I'd like to buy my first home (for around 180k) and have 30% capital ready to put down. I work abroad but am a UK resident as I split my time. I have been advised by a broker that I may be able to get a mortgage (70% LTV) but the issues are that i) the lender requires taxes to be declared in the UK…
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Homebuy (or Firstbuy) Direct Remortgage
Evening all, I'm after a little bit of help. Three years ago we purchased a property with the help of the Firstbuy direct scheme where the builder and government put a % of the value of the property up for you as an equity loan, to help us buy a property. In my case the builder and government supported me 15% each and I…
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How Much Do Credit Checks Actually Affect Your Score?
We have been accepted for a mortgage (so have had the credit check) but are pulling out due to issues with the house itself. We are therefore going to rent for a while (letting agent is doing a credit check) and since my husband needs internet access for work, we can't wait the usual 2 - 3 weeks for the ISP to enable the…
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Home buy & sale, it's all gone quiet
Is this usual? We are buying a new build and part exchanging. We put in the mortgage application last Tuesday and up until then, my broker was contacting me on a daily basis with updates etc. Now, since she got paid (on application) and we have spent out money on things despite not having the mortgage in place, everything…
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Ex pat with CCJ
Hi everybody I need your help !!!!. The situation is this, I have a CCJ from June 2008 on record, I have been working in Afghanistan since 2010 for a US company. I have 2 houses that I rent , not really any equity available in these. Mortgages equal 700 pcm rent is 1100 pcm Experian report is clean apart from CCJ rating is…
