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Deposit required to port?
Hello, If my mortgage provider allowed me to port my mortgage, would i need a deposit if the new home was the same/similiar price to the one i had sold? i dont have a deposit and need to change location so was hoping a port could be the way to do it? Thanks in advance
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High income- bad credit. Is a mortgage possible?
I'm looking for a little bit of advice. I am a potential first time buyer. I have a well paid job (£40,000 a year) and my girlfriend earns £21,000 a year. I also have £10,000 deposit. (gift from a guilty father). My main problem is I have a bad credit rating. I defauted on a mobile phone cancelation charge in 2009. It was…
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Will gambling transactions affect a first time mortgage?
Hi I am three quarters of the way to my deposit goal of £20,000. The £15,000 I have saved over 4 years have been entirely derived from gambling transactions. (risk free/low risk/+EV gambling). I maintain a seperate bank account for all gambling transactions to keep the money complately seperate from the house finances.…
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Mortgage strategy when renevating
Hello, I'm considering buying a house which needs quite a bit of work. As a FTB I'd planned to get a good 20-30% deposit together but I would need to keep a lot of this back to pay for the work. Does anybody know of any special mortgages that would take into account the increase in value from doing the renovations soon…
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Mortgage advice
Hi all, first time poster in need of advice in respect of the following. I currently reside in my first home which is mortgaged with the mortgage works. I purchased the house for 125k when house prices were at there peak. The outstanding balance on the mortgage is 111k and i would say the house value is circa 115k ( we…
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House deeds
We have paid off our mortgage and the mortgage company have sent us a big packet of documents which their letter said it contained the title deeds to the house.Unfortunately there is no document which says "Deeds"on it. There are several documents titled "Conveyance" or Assignments. It is a very old house and we expected…
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Nationwide - how long from offer text to offer in writing?
Hi guys, We received a text from nationwide to say they have issued our formal offer, just wondered how long people have waited for the offer in the post?Ive been sent an email copy by our broker but am just curious. Thanks
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2, 3 or 5 year deal?
I'm currently 4.5 yrs into a 10yr fixed deal at 5.29%, and have a £5700 early redemption charge. Payments are £800 / month. Mortgage due to end in 2028 (2018 for the current 10 yr deal to end). I'm in the process of selling the car so will have the money to pay the redemption charge separately. I have interest only £52k…
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Scottish Amicable/Prudential Endowment Maturity
Hi everyone, Can I ask for your opinion please on the figures relating to my endowment maturity? Policy taken out in 1987 with Scottish Amicable in relation to a mortgage of £57k with monthly premiums of £72.82 over a 25 year term. Just received my maturity letter from Prudential stating that my policy, due to mature on 1…
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Poor Credit Score - Recent Credit taken out
Hi, Today we were turned down from the Halifax due to a Poor Credit Score. When we looked at Experian, we had 1 "Orange" issue that is currently being sorted (£66) - and should be "Gree" (Settled) within a week. However, I think our score is low as we have done the following in the past 5 months: Consolidated 2 Loans into…
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Stupid question? A different way to get a house...
Hi, This may sound ludicrous, but there must be hundreds of people like us. Before I start - please don't get me wrong, I am anticipating lots of replies about how the sub-prime mortgage fiasco started - I'm just interested to see if anyone has a similar experience. We are in the process of paying off our debts from the…
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mortgage payoff
Hi i have a 170.000 mortgage with santander it is split into 2 with one half repayment the other half is interest only i am due some inheritence in the next couple of months and would like to pay around 50.000 off, which half should i reduce ? i was thinking of paying the interest only and then putting the remainder of…
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Mortgage with CCJ? (Already have 1 up to date mortgage, never missed payment)
Hi, If you have had a CCJ granted against you does it mean getting a mortgage will be impossible until it is paid, then plus an additional 6 years? Does it make any difference if you already have a mortgage and have never (and never do in future) missed a single payment on it. I'm not concerned right now as i'm happy…
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Renting but need a mortgage
For the past few years my wife and I have been living in one of my mum's houses (a small 2 up 2 down semi) and simply paying rent. Over the years we have had 2 children and really need to extend the house. We have been approved planning permission for a small extension and been quoted by a local builder around £45k to…
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Mortgate with Pay Day Loan scars
Hello Ladies and Gents Between 2009 and the start of this year i was well and truly in the pay day loan cycle, having to borrow each month because i wasn't left with enough to last the month having paid off the previous month etc etc. Anyway, I don't really want to go into the virtues (or otherwise) of PDLs, there are…
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Increase Wifes share of house
Hi, when we bought our house we did a 95% to me and 5%, for my girlfriend at the time, share of the house. This was because i paid bills etc and she kept the house as we had not been together long so we decided this was fair at the time. 5 yrs later we have just recently got married and now have a son. My wife now also…
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Remortgaging advice - Low income, bad credit
This is the first time I have used the forum, so please bear with. I have a mortgage of approx £100K which is coming off a high fixed rate in December and a property that is valued at £225000. My problems are since getting the mortgage 7 years ago my income has reduced drastically and would not meet current income…
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Mortgage for buying property at Auction
I've spotted a property at auction I would like to buy, where's the best place for a mortgage ? Briefly my circumstances are: Property cost: approx £250K (my max bid) Deposit: £150K Salary: £105k per annum Credit History: Good for various reasons, I'm interested in an interest only offset mortgage. who would be the best…
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Want a mortgage, 3 defaults, trust deed in place! Help!
Hi I currently have a 3 year trust deed which ends in November and i will be debt free. My recent credit report states i have 3 defaults (all part of the trust deed) - my score is about 531. Is there anyone that would offer me a mortgage now, and when my trust deed is complete will my credit rating instantly increase?…
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Buying a new home, renting out the current one...
Good afternoon, I would just like some general advice regarding my plans of purchasing a new home and renting out my current one. At the moment, I have a mortgage on my current house (in my name only), I purchased it roughly five years ago and there isn't much equity in the house at all, so it's not really worth selling.…
