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How long until completion- after lenders survey?
Hi all!, How long would you expect it to take for completion after the lender has carried out their survey? Thanks Ollie1987
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Tracker v SVR
Hi! Am new to the forums (well have been lurking for a while) Just wondered if anybody could clear up a matter of debate for me.... Why do the banks offer tracker mortgages?....let me explain. I'm looking at remortgaging - and am considering a tracker mortgage. Now to my cynical eye it would appear that the bank would be a…
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Mortgage & Defaults
OK, here's my story. I had a very good credit history but took a gamble and went self employed in a new venture and it didn't work out. As a result I have 6 defaults and I'm in a DMP with Payplan to pay back everything in full. I have been paying back monthly for the last 2 years and have £14,500 left to go. I left my self…
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2nd residential mortgage - don't want to rent, any hopes?
Hello My husband and i are currently looking to part exchange our property to purchase an old barn conversion. The converstion consists of 2 flats, one of which my father currently rents from the vendors and the other of which my husband and i would live in which also comes with land. The flats are valued at £160k and…
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Mortgage Advice
Hi, Is it better to reduce the term of my mortgage or overpay? or maybe both? we have 33yrs to go and after doing the figures could reduce it to 25. However the bank told me that if we do reduce the term we will have to re-apply if we want to extend it again? We can afford the higher repayments now but if in the future…
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Personal affordability - is this possible?
Hi everyone, I’m after a bit of help with regards to the likelihood of me obtaining a mortgage adequate enough for a property I like, but which I initially thought would be out of my price range. The property is a new build, the development will have 4 phases, all of which should be completed by mid 2014 (gives me a bit of…
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Will I get a mortgage? Bad Credit.
My partner & I are looking to get a mortgage to move house. If we sell our house we will get £30,000 - £40,000 profit which can go towards a deposit. We want to get a house of around £175,000. Unfortunately I was made bankrupt in September 2006. I have also got a couple of recent defaults for payday loans which I am…
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Declaration of Trust??
Hi, I'm brand new here (so sorry if this is posted in the wrong forum!!) Basically me and my partner decided to buy a house together however after speaking to our mortgage advisor it turns out I am unable to get a mortgage but we can still get a mortgage accepted in my only partners name. He has the deposit, which before…
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Clydesdale V The Woolwich
Hi all, Has anybody dealt with Clydesdale or the Woolwich for a mortgage? Our financial advisor is pushing us towards the Woolwich but we have read less than great reviews. Apparently they are very slow and paper work is sent out to India which slows down the process and the help desk aren't all that helpful - going on the…
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Second property mortgage with co-ownership
Hi there, I'd consider myself fairly clued-up on mortgages having had one for good few years on my current property but could do with some advice on a planned move. Myself and a friend are looking to purchase and move to a place (in Brighton) together. We'd like it to be legally-sound in case of any probs and straight…
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Mortgage for extension
Hi Guys, I was wondering if someone could help me, I've recently gotten married and we are both living with my parents, my wife is happy for us to get an extension around the house (it's a end of terrace home) I'm concerned about one thing, would me and my wife be able to get a mortgage for the extension (my mums…
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Can I split mortgages between banks?
I have two mortgages with A&L and were wondering if I could move one to another lender? My current situation is as follows: Mortgage A - £100k at BOE + 0.99%. (This was on a 5 year fixed of 4.79% which expired last year) Mortgage B - £40k at SVR 4.99% (Extra money borrowed for house move) House price approx £175k, LTV 80%.…
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Discharged Bankrupt - over 6 years
I am applying for a mortgage.......55k a year with a 15 - 20% deposit for a house no more than £130k (down sizing) Declared bankrupt in Aug 2006 so this has now 'dropped off' the file. no defaults and all the accounts are in good order - have a credit building credit card which is also all 'green'. I applied with YBS as i…
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I'm I crazy
I want to but a new home but due to economic down turn our house is probably worth less than paid for it. Paid 118. 107 on mortgage. On market for 119 but not shifting yet. The issue is that without selling house would need a 95% mortgage on new house. New house is on market for 125 but after discussion owner would accept…
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will i be able to get a mortgage
Hi My situation is as follows: Bad credit. I have one outstanding defult from a cc my ex used. I am paying it back at an agreed rate but it is still being marked as a default each month. Outstanding amount is £7000. I am looking to buy a house and will have around £180,000 to put down, but due to large family will need a…
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fixed rate or not?
the initial tracker rate on my mortgage has come to an end and as a result i'll be going on to the Halifax standard variable rate (3.99%) at £85/month more than i'm currently paying. there's the option of fixing at 3.74% for two years which will work out at £545 (£65/month more than the current amount) although Halifax…
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Downsizing before 2 years fixed is up
We bought our house last November. It's too big for us and we are considering selling for an apartment. We want to put on market after Christmas it may take a while to sell but if it sells before the 2 years how do we stand if we make a profit on the house but want to downsize our mortgage. Will we get the equity in our…
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Jumping Back in!
Hi, I am interested in some of your opinions on whta I should do in terms of getting a mortgage. I already own a house where the mortgage is paid off. However, as my family grows, it is now necessary to think of moving and uprgrading. I am probably going to be looking at a max mortgage of £150,000, with a large deposit…
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Mortgage & Defaults :(
Good evening everyone I'm after some advice. We had an offer accepted on a house & after checking our credit scores on Experian (which weren't perfect but no adverse info) applied for a mortgage - initially with 95% deposit with Melton Mowbray & then 10% with Natwest. We were declined & somebody suggested I check Equifax.…
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Default - am I scuppered?
Hi everyone In September 2010 I finished a contract with O2 and got a new mobile phone with Virgin. I really, really thought I'd paid up with O2 but sadly I didn't pay my last O2 bill of £44 and moved so I didn't get letters from them. Fast forward to February 2012 I get a letter from a debt agency saying I owe the 44, O2…
