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Want mortgage but have a default. Eek!
Hello all, My wife and I are first time buyers and need a mortgage. I have a fair credit rating with a default on my file from nearly 6 years ago. My wife has an excellent credit rating. 1. Will my wife's credit rating balance out my fair+default? 2. What are the chances of being approved for a mortgage with my default?…
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shared ownership-further advance
I am a co-owner. I entered into a shared ownership scheme with the local council in the 1990's. We each own 50%. I pay rent to the council on the 50% they own. I am responsible for all internal/external repairs/costs. I have approached my mortgage provider for a further advance of £14000 to re-roof and doubleglaze my…
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loan taken out with mortgage
We took a 20,000 loan to add to our mortgage in 2003 just noticed a large sum was added at the to time of £5980 which was 23% of the money. It says the total amount you must pay for this further advance. What is this figure as we paid interest each year
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Electoral Roll Query
I am hoping to apply for a mortgage within the next year and am trying to do everything I can to give myself the best chance of being accepted. When I moved into my current rental property six months ago, I was careful to ensure that I got myself on the electoral roll as I know this impacts on my credit score. Yesterday, I…
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Mortgage Advice
Hi All, I am new to this forum and I seek forum advice please. If I own two properties out right and have no mortgage on them am I able to use the income gained from them to obtain a mortgage for a third property ? Any advice would be appreciated in this matter. Regards Jackson
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aldermore
Can someone confirm that aldermore don't lend to bankrupts please ?:-( I notice they have started doing newbuy with barrat.
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mortgage - interest only or offset?
I am 61, retired and I own my home outright. I have been looking at selling and putting down a 46% deposit on a £160,000 flat which would require a mortgage for the rest to be payed back over 20 years. I have used the online calculators to work out an interest-only mortgage but I'd also like to know if an offset one would…
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looking for a first mortgage
i have seen a flat i would like to buy for £70k i have around 15k deposit but have just had my hours cut at work so will now be earning around 16k due you think there is a chance to get a mortgage or just keep building my deposit . i have know debts apart from my credit card that i clear every month
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turned down because of old CC defaults??
My current fixed rate with the Chelsea was up in August and my bank were offering a good rate to current account holders that was fixed for 3 years. So I applied and they turned me down. I have banked with them for 21 years! They told me that the underwriters had said it was something to do with an old credit card that I…
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Anybody know about newcastle bs?
Anyone know what credit agency Newcastle BS go with ? Thanks guys
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[Q] After 1st Mortgage deal expires
I got a 3-year tracker mortgage two years ago which is due to end in September next year. When it does the rate will go up from 2.5% to the lender's SVR which is over 4.5% I would like to know what are my options? Am I able to "move" my mortgage to another lender? or am I stuck with the lender's SVR for the rest of the…
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Aviva Endownment Advice
I am not sure whether it is sensible to keep my endowment or if I could do better. Any thoughts / opinions/ advice on this would be greatly appreciated. I have a 25 year endowment policy with AVIVA that had a target figure of 42,000 The current value of my endowment is about 23,000 and the surrender value is about 17,000 I…
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Mortgage extension with satisfied CCJ
hi all, new here and looking for some guidance, i currently have a mortgage on a 160k house with 58k remaining, i have a secured loan on the property of 20k from a bad credit lender (to extend house - now complete) as i also have a satisfied CCJ (1.5k), that was paid in full 3 months ago.. the mortgage has 8 years…
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I need to get my name off my joint mortgage
Hi guys, Im new at this, ive never posted on a forum before! so... I split with my partner 16 months ago, we had been living together, in a part buy/ part rent house. (25% mortgage at about £25k).She has been paying the bills on her own, and has been doing fine, untill recently. I just returned from living in france for…
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Any experience of Virgin Money or Chelsea Building Society
Just wondered if anyone has had recent dealings with Virgin Money or Chelsea BS as both have decent rates but it would be good to know whether they are slow/fast with processing applications? Their acceptance rate etc. Any experience of dealing with either would be very appreciated:).
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Equifax Credit Score 600 points less than Experian!!!!
Hi all Ok im intending to be a first time buyer, nothing major just a wee house around 50k max (10% deposit i will get from selling my car) I've been to my bank and they said based on affordability i could borrow up to £60 this is taking into account £3000 on credit cards and a loan of £7500, all seemd great. He said he…
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Newbie re-mortgage Question
Hi All, Hope someone can advise... My (3 year) fixed rate term ends at the end of the month with Nationwide, and they have some acceptable deals (I think) if I continue with them, but I was considering switching to an Offset mortgage with Natwest (who I use for my banking). What I don't understand is the transfer process.…
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Mortgage for shared ownership
Hi, I was hoping someone would be able to help me. I am looking to buy 50% of a property in Scotland and I am looking for a mortgage. So far I have found Santander will lend on shared ownership. Do you know of any other lenders who do shared ownership mortgages? And do some lenders only do shared ownership mortgages…
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Tesco Mortgages
Does anyone know what the lending criteria is like for the new Tesco mortgage. We have an excellent credit rating and have just been declined...
