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1yr debt free, life turned around, financially doing well..mortgage worries now! ahh
Hi, I am 32 and was divorced in 2008 and me and the ex-wife had been on a dmp for a few years, paying for mistakes when we were younger. I have now turned around my life and am completely debt free and have been for the past year. I am finacially doing quite well with a good salary job as a teacher and no financial…
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FTB struggling for mortgage acceptance
I have been in the process of buying a house now for 6 months. I have 15k deposit that my mum is giving me. Originally after a house at 70k and had a mortgage agreed in principal through a broker with abbey with a 85% LTV. After many months of viewings and biddings have had an offer accepted at 91k for a different, much…
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Fixed Rate Mortgage Tie In - Requesting Advice!!
Hi all, I would really appreciate peoples opinions on the following; Myself and partner purchased our house pretty close to the peak of the market in 2006, tied into an interest only mortgage for 3 years at 5.69%. Ideally we planned to move on after we got married in 2009 and the market plummeted therefore our house is in…
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SA302 or Chartered Accountant?
My husband and I have an offer put in on a house and are waiting to hear if the vendor will accept. If the vendor does accept we want to be able to move quickly so she sees that we mean business. I am self-employed and have two years worth of accounts with SA302s. I am just about to do my 2011/12 accounts which will take…
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First Time Buyer - Please help
Hi, Me and my partner are looking to get on the property ladder in about 10 months time. However, we have no clue if we realistically we will be approved. We have around: 13k deposit At the time of applying we will have debt of around (1 loan 2 credit cards) - Around £4,000 My partner has a permanent job with a salary of…
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Mortgage LTV's
Hi, Are there any figures available for the percentage of mortgage applications actually approved at various LTV's or do any of you brokers have figures (or rough estimates) of the percentages? Before approaching a broker, I'm looking at houses available locally. I'd like to have some idea of the advantages of saving for…
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moving house mortgage advice
hi guys, 1st post so be gentle we are looking at moving house, we have a solid offer on our home just now. with the new home/mortgage im wanting to consolidate a car loan i have into it, to make the new mortgage affordable for us so some figures for you experts our house selling for £78000 we have equity of £14000 new home…
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90% mortgage - where to apply first??
Hello I am ready to apply for my first mortgage. I have a 10% deposit and a good credit history. I earn an annual salary of £34549. I have 1 loan with Halifax which I have about £10,000 left on and a car finance agreement with about £5000 left on. Both accounts are all up to date with on time payments throughout. My…
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About to apply for mortgage, advisor warns about references
Does anyone have experience of the Leeds or newcastle building societies? I ask because my advisor said that as it is less than 12 months since I sold up after my divorce they tend to ask the last mortage provider for a reference. Santander. Before my divorce my ex walked out and went to the states, leaving me with…
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Mortgages re Non Standard Construction
Does anyone have any advice re houses built from concrete blocks and how easy it is to get a mortgage on them? Thanks.
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Islamic Mortgage
I have ust come across something called an Islamic mortgage. Apparently anyone can apply for one whether they are an Islamist or not. They are supplied by all the islamic banks and now I think Lloyds are offering them also. It seems like a great idea and so was wondering if anyone has one of these or has any feedback on…
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Existing mortgage being transfered into a new mortgage
Apologies but I really don't understand mortgages and would like some advice: My partner has a joint mortgage with his ex in which he put down £17.5k deposit and she put down nothing. She wants her name removed from the mortgage and has provided a written letter of consent. The plan is now to add me to the mortgage which…
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Transfer of Title - fee
My partner had a mortgage with his ex partner who left the house and now he is wishing to remove her name from the mortgage (with consent) and add me. The fee to do this is £150. Who is responsible for paying this fee? Thanks
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Mortgages and being on the electoral roll (or not!)
Sorry, this may be a silly question that's been asked before, but here goes: Following her death, I'm in the process of buying my mother's house. The property is unencumbered, but my sibling has a 50% interest as joint next of kin, so myself and my partner are looking to raise a mortgage to cover 50%, plus a modest amount…
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Error with credit check for mortgage application
I am a first time buyer with a deposit to put down, and recently went to see a mortgage advisor to find out about getting a mortgage. She has tried 3 different lenders who have all come back and refused. The reason given was that I owe money from 6 months ago for a utility at my current address, and that it is about to…
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Mortgage and endowment date different
After making additional payments on my mortgage I thought I had overcome the "endowment" problems. Ha! My mortgage is due to be paid off 7 July and having looked at the paperwork this weekend I have realised that the endowment does not mature until 9th. Has anyone come across this issue? Can't see the building society…
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I take my cap off
Have capped mortgages fallen off the face of the earth? A quick google shows lots of hits, but when you drill down into the websites it seems nobody is actually offering them, including the comparison sites. Is that because they are such a great idea?
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Mortgage Questions and to wait or not
Afternoon all My question is whether to wait and stay on SVR on move to a new mortage. Currently on Hfx SVR and wish to move to HSBC lifetime tracker (currently 2.79) fee free with no tie in. They have said they would accept us 3 mos ago but we decided to wait as OH hadn't been with his current employers for 6 mos and this…
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Options after 2yr fixed mortgage
I bought my first house in 2010 for £197500 spent alot of money and effort doing it up now my 2yr deal ends in june I've have got a few options started of with £148125 a 75%LTV the final amount is £143752 Ive had the estate agent around to value my property at £235000 I like the way I have it and am planing to stay here…
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Rejected Application
Hi I am new to this and I am after some advice. Me and OH have just been rejected for a mortage due to adverse credit. We have checked our credit reports and on mine is an old default that was paid off in full in 2008, however it has a settlement date of 2011. Would this be the reason of the objection as there is nothing…
