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libour
Hi Can anyone tell me what is going on with LIBOUR AS my mortgage is determined by this
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Overpayments, buying up and negatives equity
Hello! Hoping that the wise old owls on here can shed some light on this for me, it's probably quite straightforward but one of those things that the more I think about it, the more complicated it seems! My property was bought in 2007 for 155k, with 5% deposit .. So was mortgaged for 147k (ish). It is currently on the…
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Conveyancing fees for FTB new build????
Hi all, After some advise please, this forum always has a wealth of knowledge. Im a first time buyer, im at the point now where im looking to appoint a conveyancing solicitor but i have no idea what costs to expect - ive budgeted for all eventualities but point being i dont want to get ripped off!!! The property im buying…
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Buying a house, but got no nouse (or gd credit rating)...
Silly thread title out of the way, I shall begin... My partner and I plan to buy a house. Between us we have £24k and hope to use this as a 10% deposit. Her credit rating is wonderful, mine is not (I could only manage to get one of those 35% interest credit cards recently in the desperate attempt to improve it). I'm well…
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Insolvency Indemnity advice
I recently married and moved into my wife's (mortgaged) property. We are in the process of remortgaging and in order to do take both our incomes into account I need to be added to the title deeds. My wife is therefore gifting part of the house at undervalue, and the conveyancer has advised that the lender requires…
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Previous address confusion jeopardising mortgage application?
Hi, As a first time buyer, I had an agreement in principal, saw a flat under budget, made an accepted offer. Using a whole market mortgage broker to try and get a mortgage of less than 3 times salary, using 10-15% deposit. Broker has tried 2 so far, but 2 problems occur. I have always lived within my means and so never had…
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Mortgage with defaults needed
Looking for a mortgage broker or mortgage company who will offer a mortgage with bad credit. got 4 defaults totalling £10k in 2008-2009 which were settled in 2010. Want a mortgage for £190k and earn £50k and have been in job for 7 years. Got 50k deposit if needed but would like to put down 15 or 20% if possible. Thanks in…
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Stuck in a flat we need to get away from!!
Hello all, Myself and my wife are desperate for some advise on a huge problem in our lives, so please bear with me as its a lot to take in. we took out a mortgage as first time buyers 7 years ago with poxy northern rock/nram, we had zero experience in mortgages and received bad advice as its turned out!! we had no deposit…
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Mortgage Application Help
I am looking into a mortgage and have looked at the criteria for a certain lender and they state that “No arrears on any loan/cedit card within the last 3 years where the cumulative amount overdue at any point reaches more than two monthly payments” I had a credit card where I did not fall behind on payment but did have an…
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Redundancy - pay off the mortgage or not
Hi my wife and i are late 40's and she has just been made redundant. We owe £306k on our mortgage and have approx £300k in cash. What is the current thinking on best ways to save, pay off the mortgage, reduce the mortgage, make over payments, etc. My wife will not be able to work again due to a medical condition which…
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Defaults gone - will Santander still refuse?
Hi there My husband and I are about to apply for a joint mortgage together, he had two defaults (one from 06 and one from 07) which have now fallen off his files. As my current mortgage is with Santander I want to avoid the exit fee and apply for a joint mortgage on a new property with him; i have an appointment booked…
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Buying a House - order of things to do
Just wanted to get people's views on this. We are first time buyers and therefore new to the whole thing. Do people get a mortgage offer before they make an offer or do they make an offer first then get a mortgage? I was thinking if you got a mortgage offer first and then that offer was rejected you would have to get…
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Free Independant Mortgage Advice?
Hello. I have recently been viewing houses to buy. I have found a house which I like and would like to make an offer on however I am yet to make a move on any mortgages. I am 23 years old and based on the value of the property and the deposit I currently have; my LTV ratio would be 86%-89%. I have been employed at my…
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Defaulting on a mortgage on house rented out (no tenant).
Hope some of you knowledgeable people can help me. I've got myself in a very sticky situation and need a bit of advice. I bought a house in 2007 (dreaded NR Together Mortgage - I know I know it was a terrible decision, I was really young and naive and it's pretty much ruined my life since!), it was only a 1 bed but I found…
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Am I mad to want an unnecessary mortgage?
After a decade of working and saving hard, we are thinking about buying a house. Ages: 29 and 28 Salaries: £32k and £25k Total savings: £260k spread across bonds, S&S ISAs etc. It's likely that we would want a house for around £250 which means we could obviously buy outright. But to my mind, that seems stupid. If I can…
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income to debt ratio
My partner and I are buying together. We have seen a place that is amazing but would require close to the maximum amount we were told by an independent advisor that we could be lent. Looking at the monthly repayments of 6% and 7% mortgages (we will be getting a 90% mortgage) they are close to 50% of our take home pay. Is…
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95% Mortgage with a default?
Hi all, Me and the wife are looking to buy our 1st house, we are in a relativley good financal position, with joint earnings around 50k pa. And both with excellent credit scores on experian. But we would like some advice on the possibility of getting a 95% mortgage with a default on my credit file. The default is for £145…
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Can someone please help?
I will try to keep this simple. I am currently buying ex-partner out of a joint property. A further advance has been agreed by my current lender, all sorted, I am extending the term by a lot so even though I'm borrowing more I can manage on my own for the time being. I am pressing for it all to go through on 31st of Jan,…
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Possible negative impact on mortgage affordability
My brother in law works for a motor manufacturer and can get family very good deals on one year leases. The deal would be great for me but am concerned because the cost would be deducted straight from brother in laws salary and I would set up standing order. However brother in law only 30 yrs old and looking to move house…
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Need to move back into house with buy to let mortgage
Hello, Seperated from husband and need to move back into the rented property we jointly own. Will this be ok? or breaking terms of mortgage? I am not in a position to take on mortgage on my own either. What options do I have especially when divorcing? He has agreed to transfer 100% on deeds but really want him off the…
