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Nationwide mortgage application and credit check.
Hi all We have applied via a whole of market broker to nationwide for mortgage. Survey was done last Monday. Have been advised there but of backlog and mortgage broker covering for our one who is on holiday said they should hear something in week as they chased end last week. Just checked my experian report and can see a…
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Mortgage chance
Hi everyone, I was wondering if I could get some advice on what my chances are of getting a mortgage before I get my hopes up of being able to buy somewhere. Me and my partner are hoping to buy a flat together in the next six months. The problem is that he is self employed and has only been so for about six months, so we…
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First time buyer.
Hi all. Me and my partner are looking to buy our own place. We have seen a few that we like and are pressing on with saving a deposit. Due to the LTV that Yorkshire bank are giving out, 95%, it looks like we are going to apply with them for our mortgage when we are ready. The house range we have been looking at is around…
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Mortgage / Credit Advice
Good Morning, I hope everyone is well. I'm just after a bit of advice regarding my credit score and eventually getting a mortgage. I'm 22 and recently applied for a mortgage in April through a mortgage broker, this was rejected by both Nationwide and Santander because my credit score was too low. I was advised to get…
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Nightmare just seen default already sent mortgage application.
Hi guys, In a bit of a flap and looking for advice, I'm trying to buy a firstbuy property with a 5% gifted deposit, my broker has already sent off my application to halifax and taken the valuation fee and broker application fee. I've finally just managed to get into my equifax credit report so I thought I'd have a look.…
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BTL or Lifetime Mortgage/Equity Release possibilities
Posted this yesterday on the House Buying board, but better on here I think............. Bit long, so please bear with me.....BTW we are in Scotland. DD is considering a property that needs total modernisation, a 150 year old 4 storey townhouse, but that looks liveable in as it is. Going to see it this week, so just…
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Mortgage app - electoral roll change
Hi folks Bit of advice please regarding credit scoring. My partner and I are looking to buy a place together. We've sold (STC) her flat to an investment buyer, and in order to speed things along we're selling "chain free" and moving in with my parents temporarily. The hope is that we'll then be in a strong position when it…
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Libor
Hi, what effects will the change to the way the LIBOR rate is calculated in September have on my mortgage? My mortgage is tracked on the LIBOR rate, thanks
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Getting out of a joint mortgage - any ideas?
I bought a house with my sister about 6 years ago. I have not lived in the house now for 3 years as I got married so moved in with my husband. At the time, the bank we had our mortgage with (HSBC) would not let my sister have the mortgage solely in her name, so instead of her having to sell the house, I just stayed on the…
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Mortgage for Self employed Professional
Currently looking to buy a property around £250K with a 10% deposit. I am an employee earning £50k, good credit history and no debts. Partner is a self employed associate dentist with one years worth of accounts showing net profit of approx £30K (8 months trading) with a current contract value of near £70K. Struggling to…
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Differences between Halifax Standard Variable Rate and Homeowner Variable Rate
Good afternoon all Like a lot of other borrowers my Halifax 2 year fixed rate mortgage will be coming to an end and reverting to the Standard Variable Rate (SVR). I see that Halifax introduced the Homeowner Variable Rate (HVR) for mortgage applications from 4 January 2011. Lucky for me I applied before this date so will go…
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Mortgage advise re possible adverse credit
Hi I hope someone can send me some advice, recently applied for a mortgage but was refused due to "adverse credit". Got a credit report and a loan and credit card I took out in 2006/7 are showing as in default in 2008 when I switched banks. I never check my statements so if there was a problem with the transfer of the…
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mortage advice please
i'm hoping someone will be able to give me some advice please. my husbands disabled due to an accident at work,he received compensation and we bought our house outright,so we've never had a mortgage. last year we've had a lot of money worries and were wanting to take out a loan against the house.pay everything off and…
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Freehold and Lease Extension - Mortage Requirements
When I bought my flat 3 years ago it was leasehold however I have since jointly bought the freehold with my neighbour (2 flats in a converted Edwardian property). At the time it was decided to do this as to buy the freehold worked out approx. the same as extending the lease. I am due to re-mortgage and have since being…
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'Default' on experian credit file and mortgage with Nationwide going through! Help!
Hi all, I need some quick advice, I wish I hadn't seen this on a Sunday and I could ring the bank for some advice! Basically my husband and I are first time buyers, we've found the perfect house and visited Halifax for a mortgage meeting and a broker for Countrywide. At both meetings the Halifax and Countrywide credit…
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Do I need a Buy To Let Mortgage?
Hi, Can anyone tell me if I will be charged an early repayment fee for transferring my current mortgage to a buy-to-let? Thanks
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First Time Buyer (and poster!)
Hello, been advised by a friend to come here for some advise on mortgages! Myself (21) and my partner (23) are getting married next month and we are looking at purchasing our first house and getting out of rented. The situation is where it gets complicated as i don't know if we would be entitled to a high street mortgage…
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NRAM redemption fee
I posted this on the property forum but think this will get more/better results.... Friend just got a redemption statement which included a £250 Redemption fee. There's no tie-in period involved so this is a standard fee, not a penalty. Although I believe mortgages from 2005 did have this fee specified, is it normal to…
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Mortgage required with a building stipulation
Hi all, I'm cross posting my message as I have already posted this in the House buying / selling board so I hope you don't mind? Here is the link to the other thread .... I actually can't include it due to being a new member but you can search it through my user name..... Anyway, my problem is as follows ...... We have…
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what type of mortgage application would this be?
My mother anf brother are looking to get a joint mortgage. They have told me as they looking online for the best deals, they are confused what type of applicaton they best fit. This is their situation: Mother - never owned a property Brother - Did own a property but now sold Would the two be first time buyer, remortgaging…
