-
whats next for my mortage application?
I`ve had a mortgage promise from the bank with soft credit search, offer accepted on the house. Ran through the full application with full `hard` credit check. Passed that ok. The home report is good as it is only a couple of weeks old and the paperwork has been sent off with the home report and a wage slip to some head…
-
Mortgage question help!
we have an interest only mortgage for 37k with 7 years left to run. due to personal changes, we want to change this to a buy to let mortgage and have a 10k cash deposit. we are looking at doing this with a different lender as we have heard that santander aren't great with buy to let deals.. our question is does the new…
-
Will mortgage lender repossess?
Hi Guys Wonder if someone can help, although I think I already know the answer. Due to redundancy and ill health, we are now only paying the interest on our mortgage. It is due to be paid off in four years, and there is no way this can be achieved. We will both be retirement age then. We have no policy in place to pay the…
-
Mortgage Amount to borrow?, do you exclude your deposit in this amount? as Equity ?
Enter your details and press calculate to display the results Property is worth £160,000 Deposit we have is £40,000 (25 % deposit ) Interest - 2.5% (for this example) Mortgage calculator Amount to borrow: Over how many years? What is the mortgage rate? % Interest calculated monthly The question is, on the amount to borrow,…
-
which high street bank?
Hi. So we've found a house and had an offer accepted. When looking at our credit report I have 3 4 late payments (number 1) over last 6 years (all over 3 years ago) and my partner has 3 late payments (number 1) again over 3 years ago. no defaults or ccjs. No problems with credit file since then. both have a car loan and a…
-
Mortgage Life Assurance
Will I need to take this out on my new BTL mortgage (through Woolwich)? Trying to do a budget and trying to cover all costs :)
-
NRAM ruining my life
hey please can someone help me ! i have a mortgage with N ram and an unsecured loan with them in conjunction with the mortgage. i wrote to them to advise of my new address when i moved home. 18 months later i am trying to purchase a enw house and im being refused due to a debt of 140pound unpaid to Nram on the loan. they…
-
Requesting SA302's from HMRC for mortgage application
Im currently in the process of applying for a mortgage with Halifax. As I am self-employed Halifax have asked to see my last 3 years SA302's as proof of income. As I have an accountant who takes care of my tax online, I dont receive SA302's. Am I able to request these from HMRC? My accountant seems to think that HMRC will…
-
Halifax changes mortgage accounts
Halifax has sent out letters saying that from later this year if you pay more than £250 pm off of your mortgage account, the interest will still be payable, not deducted from the account total from the end of the year :mad:
-
Mortgage application
Hello folks, Recently i went through a mortage application, a soft search was done on my credit file and I got accepted for a mortgage promise, i put in an offer for the property i was intrested in and it was accepted, I gave the property details to the bank and yesterday they went through the full application with me…
-
What happens when I remortgage?
We are currently on a fixed rate with Nationwide (til oct 2013), our mortgage is around £129k. Not sure on what our house would be valued at but the one 2 doors down sold for £171,500 a few weeks back. When we initially took this mortgage out in 2006 both my husband and I were working full time with a combined income of…
-
Mortgage ex made redundant
Hello My STBX and I separated in January. We have been paying the mortgage jointly from his bank account (he has reduced maintance payments to pay my half of the mortgage). This has worked well for both of us. He has now been made redundant and only has a couple of months redundancy pay. I run my own business but do not…
-
NRAM or Virgin Money, why did i not get to choose which i wanted?
Just a quick question, I am a Northern Rock customer who has now become a Virgin Money customer why did i not get to choose which company i wanted my mortgage to be held by? only asking as i am facing a £4400 erc when i could have paid nothing if i was an NRAM customer. I never wanted to be Virgin customer so why have i…
-
Mortgage Confusion.
Just wondering if anyone can shed any light on my problem. I currently live in the property that belonged to me and my then wife. She moved out 3 years ago and we have been unable to sell. She has requested that we remove her name from the mortgage and have it soley in my name, problem being i have a poor credit rating…
-
let to buy query
Hello all, Wondering if anyone can help us out? We're looking into converting the mortgage on the property we live in to a BTL (75% loan to value) so we can rent it, with a view to buying a new property with a new residential mortgage. Our current salaries (spouse & I) are both 30k per year. We're aiming to have a 15%…
-
credit check before mortgage
Hello everyone, We are about to apply for a mortgage. We had an agreement in principle. I thought to check my credit rating online, however it seems you need to have the past 6 years of addresses in the UK We have only been in the UK for 2 years. Would this be a problem ?
-
When will the payment be?
We completed on our new property on the 9th July, and I still have not made a mortgage payment!! I've checked the paperwork and all I can find is that we set the payment date to the 18th........should we be prepared for a double payment in August? The mortgage company is shut other wise I would ring them! TIA
-
Large Deposit but turned down twice for a mortgage of 50% less than our current one!
Hello - I'm really frustrated and wonder if anyone can advise me of any lenders to approach. We are selling our house and will be reducing the amount of money we wish to borrow by 50% to buy our new house. We have a deposit of 64% of the value of the new house we want to buy (equity from our current home). We both have a…
-
Developer changed completion date
Hi I reserved a property from keepmoat in feb 2012 and applied for a mortgage with halifax and an offer was given in feb which is valid till the end of this month (August). This morning i had a phone call from the developers saying the completion of the property has delayed and they think it will be completed by the end of…
-
How long does a remortgage decision take?
I am currently on an interest only mortgage which I took out to build my house. Luckily I got it just before the crash and it's now only at 2% interest and I am overpaying it as much as I can now that the house is built to knock down the balance, as well as overpaying a car loan, plus a small loan which I needed to get the…
