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Second mortgage when first in negative equity
Hi, In the sad position of having bought early 2007. Now in a lot of negative equity but need to move. We have permission to let from provider and are looking to rent other properties. However we have a fair bit saved up, enough for a deposit on another property. Do we stand any chance of getting a second mortgage?
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Any lenders not use electoral roll?
My wife and I are looking for a mortgage. I'm registered on the electoral roll and have impeccable credit scoring. We have a 15% deposit and no dependants/loans. Affordability is not an issue. My only concern is its a joint application and my wife has indefinate leave to remain(ILR) and as such is not registered on…
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Advice needed please
Hi I really need some advice. I want to buy a house and have £30,000 deposit. I thought with a deposit of this amount that I would easily be able to get a small mortgage but am finding it hard. I have had an independant broker trying to get me a mortgage of about £50,000 for the last few months but he has told me today he…
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Mortgage application affected by Childcare Voucher salary sacrefice?
Hi, if I decide to receive a salary sacrefice in the form of childcare vouchers, will this affect my mortgage application?
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Halifax mortgage through broker rate different than on website
Hi, Just got a quick question from someone in the know. I'm currently going through a broker who has gone through Halifax. He's yet to put through the full app, but has said they have done their check and are willing to lend to me. I'm a first time buyer, borrowing 90% LTV. Anyway, the rate they are offering through him,…
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mortgage versus endowment
hi, i am currently in the process of trying to pay off my interest only mortgage.i would like to own my flat outright asap instead of my mortgage lender having a leash on it. should i cash in my endowment policy of 16 years to make a dent in the loan i have 9 years left to pay?. so far my endowment has been making a poor…
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5 weeks, no mortgage offer, agent is getting twitchy
Day 0 - offer accepted Day 3 - mortgage application submitted (YBS) Day 8 - application acknowledged Day 15 - documents/ID/etc. requested Day 23 - acknowledgement of receipt of the above Day 37 - today, no further updates Is the agent likely to be genuinely concerned or are they just, quite rightly, trying to keep track of…
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Credit rating and addresses
Hi everyone, I don't know if this is the correct section for this, admins please feel free to move it to a more suitable location. Anyway, I am a prospective first time buyer. I am looking to buy next year sometime and am starting to look at mortgages. As preparation for this I got my credit rating and report from equifax.…
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Mortgage with abby/santander
My mother has a interest only mortage at the moment with santander of £25,000 house is valued at 120,000 the term of mortgage runs out in 3 years and my mother has only £5000 of the capital that santander will want at the end of the term. She is 59 years old and has been really ill with breast cancer so only works part…
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shared Mortgage worries
Dear all, I was wondering if any of you would be so kind as to give me your opinion on my current dilemma. My situation is as follows: Me and my partner are contemplating buying a house. I am more than lucky to have parents who will help me out with a gift deposit of 281k for the house we're hoping to buy. (at 560k…
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PPI on mortgage didn't kick in
Help! I had a mortgage with Halifax, taken out in 1998. Due to mental health problems in 2001-3 I was unable to work, and claimed Incapacity Benefit. I contacted Halifax in writing to advise them and to ask for the PPI to take effect but, after some time, I began to get letters from them saying that I had mortgage arrears…
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Chances of getting a morgage? Credit Rating?
I'm 21 and my credit rating for my age is decent, paid off a credit card every month, small dfs loan thats been paid off on the E-Roll...not much more I could do really. My partner on the other hand I have been living with for over a year now and before that he was using wonga constantly missed a few payments but did make…
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Mortgage and home costs to stay comfortable?
My question is regarding affordability, I realise this is an entirely individual thing that depends on a number of factors but just wanted to gauge some views on what people find is manageable for them? How much (%) of your take home pay do you commit to 1) your mortgage 2) your home costs as a whole (mortgage, C.Tax,…
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Using CC between exchange and completion?
Were hoping to exchange on a property on Monday and then complete on the Friday, we need to buy some stuff for the new house using a credit card, would there be a problem doing this between exchange and completion? Are Nationwide likely to carry out another credit check before releasing the funds? Were moving into the…
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Lending with Developer Contribution
Hi All I am looking to buy a new build on a development near me. The builder is prepared to gift match my 5% deposit and pay for stamp duty.:D Trouble is actually finding a lender for a 90% LTV mortgage that will accept those terms in this day and age. I have an Agreement in Principle from the Halifax but they don't lend…
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Second mortgage advice anyone?
Hi I'm new to this forum - hi everyone! :) I would like some advice - the situation I have may be complicated, but I'll explain. My Gran died a year and a half ago, leaving my Dad, her only child, her estate. He had verbal instructions from her to split the proceeds of the sale of her house 5 ways, between him, my Mum, me…
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offset against regualr savings account
Hi I have an FD offset mortgage at 2.49% I see you can get 8% aer for 12 mths with their regular savings a/c. My question is how does one work out if its best to leave the savings i have in the offset or to pay £300 / month (from my savings that are offset against the mtg) for 12 months and get 8% aer ?? many thanks
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Transfer of Mortgaged Property (ownership) halifax
Hi there, I split with my ex 18mnths ago and have moved out. He has been living in property and paying mortgage alone. He wants to keep the house so I want my name removed from the mortgage/deeds altogether. I seem to have been passed from pillar to post regarding how to actually do this...the latest I've been told is to…
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Problems with a HSBC Premier Mortgage
My wife and I are HSBC Premier Customers, we wanted to help our daughter who has just started as a teacher help in getting her first house. The plan was we would borrow 40K from our house as a deposit and do a joint mortgage. This was scuppered by the bank as I have already done this with our older daughter and the rules…
