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Mortgage Advise with Defaults
Hi all I am really looking to get on the property ladder hopefully next year. But from my previous immaturity at University i have 5 defaults on my file. 1 is settled. The other 4 i am paying still. I owe approximately £12,000 which i should pay off by Dec. And then i have worked out i can save about £15,000 to £20,000…
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Remortgage advice please
Hi all hope you can help. I am about to end my two year fixed with Abbey. 67k left house worth about 105k I would like to remortgage an extra 10k for Home improvements giving a ltv of 74% My credit score is good and earn 28k per annum. In the current climate is this going to be possible at competitive rates. Thanks Stu
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Nearly There
My Mortgage offer was on the 14th August, and I finally got a completion date for the 28th of this month. Will the Mortgage Lender ask for anymore information between now and transfer of funds? Only asking as it will be over a 6 weeks from offer to trasnfer of funds. Cheers
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Mortgage overpayment.
Hello, I'm coming up to my first anniversary of my fianancial "death grip", roughly translated to the word mortgage. Since I'm on a fixed 3 yr term I'm only allowed to pay 10% of the capital anually without penalties. Normal folk would simply up their monthly DD by 10% but in my case this is a rather pointless exercise…
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Advice needed! Can we get a mainstream bank mortgage
Hello! I was hoping to get some advice and help on our quest to get a mortgage. We would like to get a decent rate on any mortgage and would like to avoid any subprime lenders - do you think we could get one based on our status. My partner and I have a basic rate income of 80k a year and this is topped up by around 10k…
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Can't get a mortgage due to partners divorce
Hello there - I was wondering if anyone could help? Me and my partner have been beg, stealing and borrowing for a deposit and now have £10,000 and a potential property in mind which is well within our budget. We've both got good credit history, work full time - have a combined salary of £41k+. My partner was recently…
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shortfall
hi i am considering selling my home, but i think there will be a shortfall my husband was out of work a few years back, we have some arrears on both the mortgage and the secured loan, and i think both these accounts would total £120k or so, he has just been told by work that there will be pay cuts all round and we will…
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Chelsea BS processing
Submitted an application for new mortgage with them Thursday, 6th. Anyone have an idea to processing time and how picky they are? Already they are asking about my commute to work! Secondly would they likely check over payslips etc that they have asked for before instructing valuation which I've already paid for? Any tips…
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Deposit £180,000 want £180,000 mortgage, is it possible???
Hello everyone, I've got £180,000 to put down as a deposit but want £180,000 mortgage. I earn £25,000 a year and my partner earns £18,000. The mortgage would be in my name only though as partner has very poor credit history but with combined income can easily afford the mortgage wanted. Is it possible please?? Thanks.
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Mortgage offer, has survey been done?
I had my AIP approved by First Direct. Because I bank with them I didn't have to provide supporting documentation to them. My application came through quickly, I signed it and sent it back last week, I have now received a mortgage offer detailing the property that I have had an offer accepted on. But I am not sure if the…
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Endowments Nearly at maturity
Our endowment policies (3 with L&G, and 2 with Aviva) are due to mature between May 2013 and Oct 2013. Is it just a matter of waiting on these policies maturing now, or is there anything i should be checking to maximise value. I vaguely remember reading something about different bonus rates etc but don't know any detail.…
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Maternity Leave
If on maternity leave will a bank take this salary into consideration when applying for a mortgage?
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Providers who support NewBuy scheme
Hi all I'm looking to buy a house through the NewBuy scheme on a 95% Mortgage. I'm just wondering if anyone can suggest who the 'typical' providers are who offer NewBuy mortgages? I am planning on speaking to a broker - I just haven't found one yet. I just want to get a bit of a head start so I can know what rates I am…
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income protection insurance
Hi everyone :-) I am about to finish my contribution jsa. I have income protection insurance, ones a month i have to post my bank statement showing jsa money going to my account. Now they want me to post my job search (i am not going to get any more jsa money). Don't really want to keep going to job centre just to sign on…
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Satisified CCJ on credit file, how will this affect mortgage application
Hi All, First of all apologies if this is in the wrong section, didn't know where to ask. My credit file is pretty much OK with one exception of a satisfied CCJ. I have only just cleared it but the total amount was for £390. On my credit file I have a credit card with a £1000 limit which is always paid on time, leaving…
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First time buyer advice
Hello, I am in the process of gaining a mortgage, i already have a AIP in place. I am applying just in my name and not with my girlfriend because her credit history isnt the best. She gets he wages payed into my bank account every month. Is this likely to cause problem when the mortgage lender see's my bank statements.…
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Getting a mortgage while on a DMP
Hi. I was wondering how hard is it to get a mortgage whilst on a DMP? Its an argument i am having with my other half, i say you cant she says you can! Basically my credit report is clear (entries were removed after 6 years) but i am paying £200 monthly for aprox 30k debt. Would a lender just throw the application out when…
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Buying a second home...
Hello MSE, This is the situation.. I currently have a mortgage on a home I own by myself but i'm looking at buying another home with my girlfriend on a joint mortgage. I'm keen to keep the home I already have and probably rent it out. Any info on what the restrictions (if any) would be with this or if it's even a good idea…
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Should I be worried that lender may withdraw mortgage having just exchanged?
Hi Had a mortgage approved back in July (5 year fixed, 60% LTV). Exchanged on house last week. Due to complete next Friday (14th). 10% deposit has been transferred to vendors solicitor. A couple of weeks ago I applied for a credit card which was rejected. My credit score is pretty good, with no defaults or loans (other…
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Best deals for 80pc ltv
Hi all We have a mortgage on a property bought 2 years ago for £430K. It is in the south east commuter belt so hopefully it has not dropped in value. We currently owe £360k on a svr mortgage at 4.49% and can move without penalty. We have £25k in savings which we could use to pay off mortgage (it is my hope I don't lose my…
