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Chance of getting a mortgage?
Stats: - 25 years old - £38k annual income - £50k deposit - £210k house purchase Debt: - £7k credit cards - £20k student loan - Always deep in my £2k overdraft (but it's still 0% until end of this year) - Never missed a payment Thanks for any advice - just want to manage my expectations before I bite the bullet and start…
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How Can We Take Advantage of This?
Hi All, Just wondered if anyone had any advice. Our mortgage company have offered us a £26,400 discount if we pay our mortgage off by the end of August. Now we don't have the money sitting around but we are trying to sell at the moment with some interest but stuck in a chain that's not moving. We've thought about…
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first time buyer with 5% deposit
i understand that the bigger the deposit you have,the better chance you have at securing a mortgage(and at a lower interest rate).at the moment me and my girlfriend have only enough money for a 5% deposit on a property valued at £125,000 and saving more money is a slow hard process as we are also paying rent and bills.we…
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Advice please - buying out ex on mortgage
In November 2006 myself and my then fiance bought a property for £225,000. The original offer accepted was £205,000 and we arranged a £185,000 mortgage and received a cash gift from his mum of £20,000. Due to him being indecisive and requesting extra surveys that we didn’t need the sale fell through and the house was put…
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Bank of Ireland havn't increased my mortgage rate
Hi - I thought Bank of Ireland were increasing their rates in June. I have buy to let mortgages at 2.25% and was expecting letters informing me of an increase but have received nothing and the usual amounts have been taken form my bank account. Can anyone enlighten me please?
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Extension - mortgage company approval?
We are currently in the process of planning a large extension on the side of our house. The plans are for a double story extension and attached garage and would add another 50% to the size of the house. We are currently going through the process of getting planning permission and tendering to find a builder. We expect the…
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FirstBuy Scheme & Moving Out In General
Hi all, I am banging my head against the wall trying to get decent information online! Me (25) and my partner (27) have been looking to move out together (from our parent's homes) and have recently started looking in to new builds. Obviously, paying rent (some rich person's mortgage) is not an attractive prospect,…
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Your mortgage decisions
Hi, I am looking to remortgage my home and have a meeting booked with an advisor from "Your Mortgage Decisions". I was just wondering if anyone has any experience with dealing with this company? Thanks
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Mortgage Question: Interest-Only & MIR
Hi Folks, Looking for some advice. I've been unemployed for 15 months and claiming JSA. I have had an arrangement in place with Nationwide for about 8 months or so to just pay the interest on my mortgage. Normally every 3 months they extend the arrangement for another 3 months after getting me to go through my…
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Trying to settle a CCJ for mortgage application
Hi there My partner and I are first time buyers and have recently had an offer accepted on our first house. We decided to check our credit reports prior to mortgage application and whilst mine is fine, my partner has a CCJ for £370 dating back to 2007. The CCJ is due to non payment of solicitors fees when he attempted to…
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Help~~ Paid DMP - Now want a Mortgage is this possible???
Hello there, My partner has been separated from his soon to be wife for 2.5years and we are dating, our future has been slightly hick up'ed or shall I say mine, as I have Bad credit and have been flawless since I can remember! I have credit but never felt the need to go into DMP (debt management plan) However my partner…
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Now Debt Free - Mortgage Possible...?
In the past while at University, I built up a lot of unmanaged debt and received several defaults. However, over the last two years with the advice on this forum I have worked to have all defaults "Settled" or "Satisfied" on my credit file working with DCAs and I am now debt free :j At one point, I was only on a cash card,…
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Nationwide, Remortgage and Valuation Advice
Hi Just after a bit of advice on our remortgaging options. We purchased in Jan 2011, borrowing 85k on a 3yr Nationwide tracker at 85% LTV on a purchase price of 100k. The valuation was carred out Aug 2010 which valued the property at 100k. We have done a lot of work to the property around 15k albiet some of it cosmectic…
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Useless barclays/woolwich
How useless can this organisation be?... At the start of the month one of my endowments matured and put me in a position to pay off a second mortgage that I'd taken out for home improvements. Mortgage is with Woolwich (AKA Barclays). Following numerous phone calls to their overseas call centre I was provided with a…
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Remortgage or not?
Im currently with C&G and on a variable rate paying £410 per month. My LTV is 43% I noticed last week that HSBC have a 60% LTV offer to fix it for 5 years at a repayment of around £420 per month. I thought maybe it was worth doing, so proceeded with the application. However upon speaking to them yesterday, the mortgage…
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Help Mortgage Advisors
I need recommendation of mortgage advisers (whole market) that are fee free. The 1st mortgage I got I had to pay a fee which I did :( as I was new to this concept. This time round I am hoping I can find someone who is fee free. So if anyone can recommend me anyone or a website that would be really helpful. Thanks,
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Remortgaging - Can I Reduce LTV before transferring providers?
My current Loan to Value is about 83% and my current Fixed rate deals end in October 2012. There seems to be quite a few attractive rates for 80% LTV such as the HSBC lifetime tracker @ 3.29% but at my current LTV i can only access 85% LTV mortgages with the next best equivent lifetime tracker rate being 4.19%. This means…
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AIP - can i change the value and or the actual deal
I have a AIP from Yorkshire BS on their 5 year (2 year tracker - 3 year fixed) deal. I note however that I need an extra £500 on top of what i requested. When i formalise the AIP can I do this. Also i am thinking of simply going for a standard 2 year tracker - again can when i make the full application can i change the AIP…
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Commercial Mortgage
I am looking for advise on a commercial mortgage for purchase of a property in Scotland
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Negative equity, NRAM advice please!!
Hi I have a 2 bed flat and a husband and now 2 kids and we are running out of room. We owe £140k on a mortgage which is interest only, can't afford to go onto repayment at the moment, flat is probably worth £110k. We are with NRAM. I have been looking on internet for best options for our situation but everything ive read…
