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Switching to interest only
Hi, I was wondering if anyone had any experiance of switching to an interest only mortgage for a short while? I live with my fiancee, the house is his. We are currently finding it difficult to make the mortgage payments on time (typically a week late at the moment) and money is really tight. Have had a look on the internet…
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self builder - mortgage needed
I'm building a house on the Isle of Skye, Scotland, have £100,000 of our own money but need another £50k to finish the project. Me and my partner are both self employed, my books have been declining year on year and now I'm earning around 10k annually, my partner has only been self employed a year so banks won't consider…
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mortgage turn down
Hi, im new to this and not sure if this is in the right spot or not. Im was in the process of buying my first home, everything was going fine until yesterday when i had a phone call from my moetgage adviser sayin that my aplication was turn down on the last stage of the checks. He said the final person that would approve…
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Inheritance, probate and mortgage
Hi, first time poster so please be gentle. Hope I'm in the right forum too! I'm due to inherit some money from my late parents estate, once probate has been granted (in the next couple of weeks hopefully). The house will then be put onto the market. My question is I'm going to use some of the money as a deposit for a house…
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grounds for complaint/compensation? misadvised on mortgage
Hi lovely peeps! Posting on behalf of friends. They saw a NatWest mortgage adviser, explained circumstances, showed income, etc etc. Got the attached letter. They went off, found property, offer accepted so made appt for formal mortgage assessment, only to be told that everything first adviser had told them was a pile of…
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Purchasing a Sheltered Flat
Has anyone any experience of buying a sheltered flat with a Mortgage? I am mortgagable to £90000 but the Society will not lend on Warden Controlled housing. Has anyone found a mortgage company willing to lend? I would love to hear from you. Thanks
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New Credit Card Mid-Mortgage Application
Does anyone know if being issued a new credit card (i.e. a replacement for an expired card as opposed to a new application) results in any kind of credit search or appears as if you're taking on new credit? I have one that expires and should be issued a new one this month, whilst my mortgage application is on-going. Also,…
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Credit Checks and Mortgage Application
Hi, We have recently sold our house. As our purchase fell through (vendors pulled out) we decided to go ahead with the sale and have moved into a rental with a view to looking again to buy in the New Year. My question is whether having 2 credit checks from a mobile phone company in close succession is likely to have any…
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PhD Students wanting a morgage
Hello, just wondering if anyone can help me. Me and my boyfriend are both currently completing our PhD's and are so sick of being treated like children by letting agents, who do not understand we are not 18 year old students, so we want to buy a house. Our problem is being PhD students we pay no tax or national insurance…
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100% retention on a house!
post removed no longer required
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Mortgage advice
Hi, I am posting this on behalf of my friend. She is currently living in a house that is owned by her husband, they split 8 months ago and she has just found out that he has not paid the mortgage. The house is now due to go to court for repossession. Her husband has agreed to sign the mortgage over to her, however she was…
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Mortgage for extension
Hiya, I am after some advice please. We have paid off our mortgage as of Dec2011 yipppeee, but now want to extend our house. The extension will cost about £40k so we have applied for a £50k mortgage (to give us some spend for fittings etc). We have gone with a first direct offset mortgage and are currently going through…
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Remortgage while on DMP
Hi all, Been on a DMP for just over a year now and all going okay. Our mortgage with GE Money is on an interest rate of about 6.5% interest and costs us nearly £1,000 per month. If only we could remortgage to a lower rate we could save a few hundred pound per month. Any ideas where we could go to as GE Money no longer…
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Such a thing as a "small mortgage"?
Myself and my partner are looking to purchase a rental property as an investment. We have an excellent deposit (over 100k) but may need to raise an extra 30k or so to get the type of property we are after. We currently rent so dont own a property and are keen to find the cheapest option available to us. Any advice MSE?…
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Mortgage approval
Hi, I am currently have around £20000 debt and numerous missed payments and defaults, however I am selling my house and will clear my debts and still have at least £60000 as a deposit. Will I struggle to get another mortgage?
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Mortgage spreadsheet
I'm not the best when it comes to figures and I'd like some help please. I want to create a spreadsheet where the total amount owed comes down as I enter each months payment................I can do that bit. My problem is I want it to show the interest figures too. I'm able to make overpayments whenever I like on the…
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Mortgage Completion Concerns - Please Help
Hello everyone, I have had the happy news that my Mortgage application has been approved and subject to the Home Report refresh everything is looking good to go. However, as I enjoy torturing myself I have been looking on the internet at some articles where lenders have withdrawn mortgage offers hours before completion,…
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santander mortgage
Good morning all, I am prospective first time buyer with a Santander home saver account and I was thinking of going in to ask about a mortgage but a friend has said not to go to Santander due to the spanish banks financial problems. My question is does anyone know what happens to a mortgage if the bank was to go bust for…
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Default Successfully removed on experian, still on eqifax :S?
Hello Just appealed our mortgage rejection after noticing an incorrect vrigin media default on my account. Been to hell & back with virgin to get it removed and finally they did! However, just had our appeal rejected and the Bs asked us to obtain our reports so ive signed up for equifax incase of any discreprancies and…
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Fix for 4 or 5 years?
Hi all, I am looking at fixing my mortgage. I can get a 5 year fix for 3.19 (£900 fee but £100 cashback) OR a 4 year fix for 2.89 (£900 fee) What do you think would be the best to do fix for the 4 or 5 years? Obviously will be paying more each month for the 5 year fix.... Thanks
