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Another Credit Check if First House Falls Through?
Just wondering about the effect of this on ones credit score, if it even happens. Do lenders do another credit check if you have your mortgage offer but your first choice of house falls through and you have to start looking again? If so is it likely to be a hard or soft search? Thanks.
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Catch 22 on Consent to Let mortgage
I made an enquiry with my mortgage lender about seeking consent to let. They came back to me saying that I have to produce a signed tenancy agreement to them before they will consider giving their consent. My questions are: If I sign a tenancy agreement with a tenant, (a) would I not be breaching the terms of the…
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Chances of getting a mortgage in the next 3-4 years?
Hi My wife and I want to buy our own home. Our credit history is quite poor though. We have £12k of debt, I have a few defaults and she has a ccj. However, we have now decided to bite the bullet and move back in to the mother in laws while we clear all the debts and save for a deposit. We're looking at getting all debt…
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Will my mortgage offer be withdrawn!? please help
My husband and i had our mortgage approved with the Halifax and are due to exchange and complete on Friday as there is no chain at all. We took out some extra credit on our current credit cards a week ago (cash advance to help with moving fees not deposit) and to prevent paying a high interest charge on these we both…
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Buy to Let mortgage
Hi Slightly confused after going to see a IFA today, Situation is we have a property (worth around £90K) that's mortgage free and have tenants in, we are looking at buying another property for around £120k to also rent out. If we were to remortgage the current property would we have to go for a Buy to Let mortgage on it or…
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Lenders
Hi, looking to buy my ex out and seeing how much I could raise. Anyone advise which, if any lenders, will take into account CTC and child benefit as well as salary or would I need to use a specialist broker?
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Remortgage
Hi i have currently my mortgage fixed for two years until the end of November. i want to renew it but so confuse with the interest rates. i dont want to pay any fees so looking for best deals preferably for three to five years. Please help as i m not very good at it. i have already lost so much money with the wrong…
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Remortaging soon
I can remortgage soon, will be borrowing a bit more, how do i know house value so i can work out ltv?
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Question on extra borrowing
About 6 months ago i took out a new deal with my mortgage company for a 5 year fix and was just within the 75% LTV for the reduced APR. I am thinking of borrowing some money for home improvements. If i wanted to borrow and it took the total owed above 75% would i then lose the reduced APR for mortgages below 75% LTV? Or…
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Ive decided not to sell - Please advise on my fixed rate
Evening All My house was up for sale but Ive pulled it off the market because I have an exit fee of 3% I have 24 years left on my mortgage ( £95,900 ) fixed at 5.79% until Jan 2014 ( around 16 months) I pay £600 per month although a fair amount of that is interest Mine is repayment What I wanted to know ( estimate ) what…
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Money Transfer Fees
Hi all hope you can help. My mum has just been on the phone to me asking about a money transfer fee on top of other payments and if that's right? conveyance person: £60 deposit £489 legal services £8 if deeds are required. £45 transfer of monies Also is the above just to sell and will other payments be required for when it…
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Move with endowment mortgage
Could someone please explain how it works if I have an endowment mortgage of £60K, due to finish in 12 months with a shortfall of about £10K. If I want to move house now, what will happen with the mortgage and shortfall? Would I be better waiting until it's finished which just seems a lot cleaner? Thanks
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Mortgage change of parties difficulty
Please can anyone help me. I am in such a horrible situation and it seems there is no where to turn so I would be so grateful of any help big or small. My husband is named on a mortgage with his ex wife and has been for 5 years, he has no legal interest in the property and has transferred the deeds to his ex wife(I know he…
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Mortgages & Credit Score
Hi all, I'm new to this, Myself and my wife went to get a mortgage on a house we like, they have us a quotation and done a credit check. It turned out Lloyds had rated us a "A" on there rating system. My question is, now that we want the mortgage, and they have already done the credit check, does this mean we will 100% get…
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Has anyone dealt with the Marsden building society?
Hi, Basically as the title says, also how long do they usually take or them to give you a decision when it goes to the underwriters. Has anyone had bad dealings with them? Thanks Ollie
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Buying A Property Through A Family Member.
My wife and I live in a "tied" bungalow which we shall have to vacate when we retire in a couple of years time. I am 69, she is 63. We cannot buy a house outright and our total savings amount to only £25,000. Would it be practical and legal for my daughter, who is 31 and mortgage-free, to buy a house with a deposit…
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nationwide - who do they use?
Can someone please tell me who Nationwide use when deciding whether to approve mortgage applications. I have checked on experian and all is ok. I have just checked on Equifax - and what a mess (two people as alias's that I have never heard of and 2 addressess, I have never lived at, 1 financial connection a man i have…
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Buying 2nd Property
I currently own a 2 bed flat with £128,000 of mortgage outstanding on it. I'm on interest only on a ridiculously low rate thanks to the economic downturn 4 years ago, and I'm understandably loathe to get rid of this. However, I'd like to purchase a 2nd property to rent out and make a second income from. My property is…
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What do the lenders look at when you are self employed
Hi Myself and my boyfriend are looking to buy a property between £150,000 and £170,000, we are both first time buyers, both have a good credit history and have our required 10% deposit. I am employed and on £19000 per year but he is self employed. What do lenders require when you are self employed and trying to get a…
