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FAO Mortgage People!
Afternoon all... please bear with me, as I imagine this will be quite a long post! Long story short, I'm now debt free, except for my car - which in all honesty, I don't really class as a debt.. certainly not a bad debt in any case. Myself and my other half are both living back at home, which has enabled us to save £30k…
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How is the ‘Total amount repayable’ calculated please?
I did a mortgage search today on Uswitch, based on a loan of £118,000 over a 5 year fixed rate. Here’s one of the results… Provider: The Loughborough BS Initial rate & duration: 4.24% / 60 months APR: 4.99% Total amount repayable: £15,792.60 Fees: Completion £499 You pay (Monthly Repayments): £730.07 With my basic…
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Insolvency Act Indemnity Insurance
The above has come up during our house sale/purchase, our current property is in joint names, the house we wish to purchase will be in my wife's name only, there are reasons for this. However, whilst my wife has received a mortgage through an advisor/broker our solicitor has instructed us that the mortgage lender would…
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Please explain what the underwriters do?
Hi there I am hoping to have paid my last bit of debt off and have a few months clear before applying for a mortgage next year (Dave Ham - if it doesn't work out like this I shall post the other question I had in earlier post nearer the time - thanks). Assuming I do this, can you please explain to me firstly what the…
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Mortgage advice please?
Hi, My partner and I are after a mortgage but I am putting things off as I am scared about my adverse credit. He has a score of 890 on experian whereas mine is more like 490 when I last checked in August as I have an unsatisfied CCJ of £500 (basically I knew nothing about it and so could not argue it at the time - only…
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First Time Mortgage
Hi all, another first time buyers mortgage thread :) I'm currently renting with my GF, we decided to do this first rather than buy as we wanted to make sure we could live together and also afford all the bills... Success on both accounts. We are approaching the end of our first year and are looking/considering buying our…
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Valuation less than price agreed
Situation is: we offered 128k and our offer has been accepted. we have 35k deposit so we want to lend a 93k. Bank gave us a green light 3 weeks ago and informed us that our application has been accepted. Today the property has been valued at price (!) 104k so it is 25k less than price agreed. Now, we haven't heard anything…
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Endowment maturity value??
Hi, I have two low cost endowment policies that are due to reach maturity, one in November 2012, and the other in January 2013. One policy is with Aviva, and the other with Phoenix, though neither were originally taken out with those companies. I do not have an issue with the miss-selling aspect on either policy. I assume…
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Agency/Temp Worker - How to get a mortgage
Hi, I have found a property I want and have the 10% deposit that I need. The thing is I have been working through an agency for the past 12 months as a quantity surveyor. My contract gets reviewed every 6 months and has just been extended for a further 6 months. I am having a lot of trouble getting a mortgage because the…
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Shared ownership with buy-to-let mortgage
Hello, I wondered if anyone has heard of a mortgage that would suit my situation. I'm looking for my first property, but prices are too high for me to be able to buy by myself. My parents have offered to split the cost of a two bedroom house with me, with the other room rented out to someone to pay for the majority of my…
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credit card/loan applying for a mortgage
Hi All,Just a quick question.I'm currently due to remortgage after my fixed term ends in dec,I currently own about 25% of my house which gives me a better rate than say 10-15%,I have some dept tho which is about 8,000 which i manage 3500 on credit card(0%) the rest on my overdraft which i hope to pay off in the next 6…
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Help - 2nd kitchen = no mortgage
We made an offer on a house, got accepted, and valuation done. However, mortgage been refused because there is a 2nd kitchen upstairs as the current owner lets out some of the rooms. The only way we can get an offer is if the current owner removes the kitchen. Does anybody know of any options? We tried to ask the provider…
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New Job Probationary Period
Hi everyone, Just wondering if it is a complete no no to be able to get a mortgage whilst in my probationary period of a new job? I started in June and have a 6 month probationary period. Are there some lenders who are more leniant regarding this? Thanks.
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Recommend a remortgage solicitor?
Last time I remortgaged, there was a thread on here recommending online companies. Anyone recommend a company with good fast service and reasonable costs please?
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To close credit cards or not?
We have recently paid off our credit cards as the 0% had finished. We are due to remortgage in February, does it make sense to close these cards as the balances are zero? Or keep them open ? Will it affect the remortgage? They equal about £40 k across 5 cards. Thanks
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NHS Nurse bank mortgage?
Hi, I have a quick question that I'm having trouble finding the answer to. I am hoping to be a first time buyer very soon, but I hold a NHS nurse bank contract (this is unofficially like a zero hour contract in that I don't have set shifts, but rather I look on a database and choose as many or as little shifts as I like).…
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Cant get mortgage
Hi, Been a while since my last post. We applied for a mortgage last year in August and even put in an offer on a house that got accepted unfortunately we didn't get the mortgage which i later found out was due to late payments on a credit card. The credit card was paid off and closed so i thought around October 2009, i was…
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First ever appointment with mortgage advisor tomorrow
Hey guys as the title suggests I've got an appointment tomorrow with a mortgage advisor and I forgot ask what I need to bring, I'm assuming I will need p60's/ wage slips/ bank statement Would be grateful if someone could let me know if there's anything else important I need to bring like should I bring ID like…
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Getting a morgage
With an annual income of £10,800 and a deposit of between £11,000 to £15,000 would it be possible to get a mortgage? Thanks
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Advice needed please
Hi All, I have posted before (in panic mode) re a mortgage application with Nationwide. I have checked my credit files - Experian correct Equifax - completely wrong (linking me with a lady with different address, date of birth etc. who I dont know and her husband) The lady has lots of credit cards / loans (no defaults and…
