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Can any mortgage brokers help please? Complex lending scenario.
Can any mortgage brokers help me please? I want to buy a new house. I currently own the following properties: 1. Residential proprty - current mortgage £2500 - can pay off by end of September. Current value approx £225000 2. Rental property 1 - Approx value £80000 - Rental income £350 per month - mortgage free 3. Rental…
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Mortgage ending- shortfall questions
Hi all, Our endowment mortgage ends in September with a shortfall of approx £17,ooo (upsetting but a fact). Can anyone advise the best way to fund the repayment of this please? Hubby is 74 & I am 57, house is worth £350,000. We have no life insurance other than the endowment I have no income other than carers allowance,…
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Halifax Interest Only mortgage letters
We are in our 50's and hold a Halifax Interest only mortgage which has 15 years left to run. We have been paying it without a problem for 4 years and it represents less then 50% of the value of our property. Recently we have received a number of letters from Halifax asking us to show proof of our repayment plan with a…
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Help - Mortage Promise Offer and Deposit (Cash, gift, Cheque)
Hi, I have a 'Mortgage Promise' from Halifax subject to survey, and have been trying to orgainse the deposit (they want 25%). I was owed some money which I am getting back and some which will be gifted to me and some which will be lent to me (from a family friend) to make the required deposit. Some of the money owed to me…
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Good mortgage Broker
Hi looking for a mortgage anybody know any good mortgage brokers. I want to borrow around 63000 i have around 15% deposit i have tried nationwide but they turned me down. I finished a i.v.a in 2010 it drop off my file in 2011 so i have 1 years clean credit history. Do i stand a chance of gettting any mortgage if so who do…
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Eeeek Bad Credit
Me and Hubby2be are looking to buy a house, my parents are willing to help with deposit etc. The house we are looking for is £155k. Problem is, my credit rating is bad. like really bad. I am paying all debts off at the end of this month but i have so many defaults I got in a right mess. So my question is, can we have a…
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Credit Searches Preventing Mortgage Competition?
I wondered whether other people had shared a similar concern. Given that a credit search on your credit history reflects badly for future searches, do you think this reduces competition? I know that when I was getting my mortgage offer I was put off from making a second application for what I consdered to be a better deal…
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Why buy to let?
I am relocating overseas and called in my local estate agent to view my residence with the intention of putting it in the rental market. I asked him about getting buy to let mortgage and estate agent said some thing pretty shocking. He proposed not to bother converting to buy to let and continue with current resident…
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Scrapping LIBOR
So we have just watched the news saying they might scrap/re structure LIBOR. My mortgage is based on it - should I be very worried?! :eek:
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Mortgage Rejected...
So I applied for a mortgage everything was going ok, got a call off the under writer today and after further checks on my credit report they wont be able to offer me a mortgage due to an outstanding debt from a previous address. If I know what the debt is then it was from over 5 years a go and I've had credit since then no…
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Remortgaging while still in a DMP
Help! My fixed rate deal with Northern Rock comes to an end this month, after which my rate drops by nearly two percent to 4.79. I really want to try and get a fixed rate deal arranged for my remortgage, but I am currently in a DMP with CCCS. The DMP has just a little over £33000 in it, the bulk of which is my unsecured…
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Getting a mortgage in one name when married
My future wife (getting married on 7th September) is currently going through the process of getting a house built. All the foundations are done and she has gone through the process of getting the mortgage and they are just waiting to do their valuation. The only thing is I have bad credit hence not going on the mortgage,…
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mortgage offer
We had a mortgage offer on Wednesday by the Nationwide. Will are brokers be able to run the offer off their system or do we have to wait for it to come through from Nationwide? If we have to wait for it to come from the Nationwide any idea how long they take to send it out? Thanks
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2nd mortgage for run down auction property
Hi, Uh oh, we have fallen in love with an auction property! We would need to get a second mortgage as we would need to first renovate it before moving out of our current house. Is it possible? We currently have a £123k mortgage on our house. The house was bought for £140k however after improvements estate agents have now…
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A 2nd mortgage as backup plan?
If we know the lender we applied with is very picky and fear it would ruin our deal for the dreamed house, does it make sense to apply with a 2nd lender just in case the first one fall through? I know there would be extra valuation fee or set up fee. But is there any other downside other than paying a bit extra? Will it…
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Mortgage while off sick
Hi, Hoping someone can advise! A friend of mine was wanting to get a mortgage. He has a mortgage agreement already in place and has savings which would cover his deposit. However, he is currently signed off sick from work (though hoping to return soon) would this affect his ability to get a mortgage? Thanks :)
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Mortgage application - their questions too simple?
Hi, we are first time buyer and applying mortgage with First Direct. After having gone through the 1st telephone interview, we received the package for application. To our surprise, they haven't really asked many questions into depth, not even about if we are full time permanent employee or not. The documents they ask us…
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Santander Mortgage
I'm going to prefix this what some will probably think simple and silly question by saying I know pretty much nothing about mortgages, first time I've ever had one and I (bad I know) didn't really pay attention to a lot when our 'mortgage advisor' was talking me through it. Our mortgage with Santander is ending next month.…
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Santander mortgage, where can i turn to now??
Hi all, I need some advise and really am at my wit's end with the lack of responsiveness from the Santander Underwriters. After many many weeks, 2 weeks ago the Underwriters said that they would lend us "x" amount, which is only 3k less than what we wanted. So naturally i said yes!!! But that was 2 weeks ago and it still…
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Mortgage Offer Condition to repay debts
We've just been issued our mortgage offer, and whilst checking it I've noticed that the Skipton BS have put in a condition to ensure that specific debts have to be cleared (totalling about £30K) and they have to be cleared before completion. My wife is currently voluntarily in hospital, and she is recieving sick pay, but…
