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Mortgage lender credit checks
Hi. I've paid off my credit card and updated all my cards to my current address. Experian/equifax are still showing the Old stuff and I guess won't update until the monthly update? If I were to apply for a mortgage now would the lender still see the old information or would they contact the credit lenders for up to date…
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Advice needed from a mortgage/financial advisor!!
Basically this is the story my partner and his ex bought a house together in 2005. They split up in 2009, but they still own this house together. She hasnt lived in it since 2010 and hasnt contributed towards the mortgage or the loan that is secured on it. My partner is my opinion is rather foolishly doin this all himself.…
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Can I transport my mortgage to a 'second' property?
Before I pick up the phone to our mortgage people, I want to understand what I can expect a mortgage company to offer and if there any other implications of what my wife and I want to do e.g. tax implications. We have an offset mortgage with Int. Finance and pay 2% (our contract expired ages ago but its a cheap mortgage).…
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Which Mortgage from these two and advice on discount v tracker
Hi all, I have found a property and now sorting a mortgage, had an advisor out and checked though his Database but to be honest what I found myself on comparison sites were better (cheaper) but just needed some advice. Details: Salary - £41,000 Debt/Loans - 0 Child maintenance - £250 per month Cash/Potential Deposit –…
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Can renting a room be classed as income?
I have owned a house jointly for a few years but I am no longer 'joint' and I'm in rented accommodation. I would like to buy at some point. I am in my 30's and don't really want a starter home but want something a bit bigger. I don't have a massive deposit (I'm currently saving some more) My idea is to rent out a room when…
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Fixed rates - 2 years or 3?
I'm a FTB looking to borrow £90k with an LTV of 80%. I'm torn between a 2-year fixed rate at 3.79% or a 3-year at 3.99% According to the on-line calculators, the replayment for the 3-year is only £10 more per month and obviously gives a longer period of security. Do I go for the lowest rate, or is the extra year worth…
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Bad Credit Mortgage
Hi Myslf and partner are after a mortgage so here are the details... myself full time employment £23,000 per annum poor credit file CCJ from 2009 for £750 now paid have 1 payday loan with no other outstanding finance. Partner part time £8000 per annum excellent credit file no outstanding finance We was going to buy a house…
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Woolwich stopped issuing AIP, or..?
Good evening All, Briefly: time came to look for a house, been saving for a number of years. Went into my local Barclays branch to have a chat with a mortgage adviser, just to be told that someboby will call you on Tuesday at 1:30pm, no problem with that. An adviser phoned me today, saying that he is aware about my salary…
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Mortgage application rejected, help please ;-)
Hi everyone Was just hoping you may be able to offer some advice. We are in the process of buying a house, but 3 weeks after being told by Nationwide that our application was fine, and after they had already instructed surveyors and conveyancers, they told us today that it has been rejected because my wifes only wage is…
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Let to buy and new mortgage!
Can you more mortgage savvy people help me out please? We need to move house. We're having trouble selling our house (although have only been on market 2 months) but need to move sooner rather than later since we live in a 3 storey town house and I'm now disbale following an accident so am having difficulity with the…
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Advice needed
Evening all, Here's the problem, Three years ago my partner and I separated and our existing property was let (without consent I must add, we were in dire need). I now looking into taking over the existing mortgage and unsecured loan which is roughly the value of the house with my new partner. What is the best way of doing…
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Mortgage Income Multiples
Who offers the largest? What is it? Any idea what the rate is? Thank you for anyone that responds. Nathan4473
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Help please if possible?
Hello everyone, I am here on behalf of a very dear friend who is in the awful position of getting divorced.( He is a serial adulterer.)Anyway apart from all that he has given her the full equity in the house worth about 50k but she has a mortgage for 118,000 . She only earns 13 k and has no hope of gettinga mortgage for…
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Is our situation realistic?!
Hi There, We’re a bit green as far as all this is concerned and would very much appreciate anyone’s thoughts or advice on our situation. We are resident house parents at a boarding school, currently saving £1000 per month to make a £33,000 (we currently have £30,000 saved but wish to retain £10,000 for moving costs etc and…
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First Time Buyer from abroad....
Hi, I've been in the UK living and working for about 2.5 years. I am interested in settling here and buying a property. Currently I am on a Tier 1 visa which I plan on extending in Jan 13 - which should not be an issue as long as I am employed here. 1. Mortgage - as a first time buyer with approximate salary for £50k/year;…
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First time buyers - help needed!
Hi My girlfriend and I are first time buyers and will soon be starting to search for our first house, once we have saved some more pennies; we are currently at around £10,000. Unfortunately we found out last year, through Experian, that my girlfriend has a CCJ on file (dated 02/09/2009) that she was unaware of to the…
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Is a Mortgage Promise worth the paper it's written on?
For the last 3 months (yes 3 months) we've been trying to get a mortgage with the Halifax. Initially we provided all the proofs of income etc and because I'm self employed they would only base the Mortgage Promise on my husband's income. His circumstances were leaving the Army within 3 months; putting a 20% deposit down…
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Mortgage based on value or purchase price?
In a scenario where a property is valued at say £320k in a home report, should I manage to secure the house for £300k, £20k below the valuation, would the mortgage be based on the purchase price or the valuation, effectively reducing the cash I would require up front for a deposit?
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Help : Should I Stop Paying Mortgage?
Hi Folks, Looking for a bit of advice here as I really feel like i'm in an impossible situation. My ex-wife and I split up a few years ago, initially I moved out of the family home and then about a year later she did the same so she could be closer to her family. As a result, the house has been empty for the last 2 years.…
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Consent to Let or Let without Consent???
Hi, We're trying to relocate but aren't in a position to sell our house so we are looking to rent it out. We've had a few letting agents round and the rental should just about cover the mortgage, which is great. But I've just spoken to our mortgage company and they changed the rules at the end of last year (typical!!!)…
