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Mortgage overpayments or ISA saving for a bigger deposit?
We have approx 110k left on a tracker mortgage at 0.89%, 25 years still left on it. We want to buy a bigger house in approx 2 years time. Should we overpay the mortgage each month, or put the money into a 3% cash ISA to then use to increase the deposit on the next house? Logic would dictate that we put it in the ISA as it…
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First Time Buyer Help!
Hi there, After saving for a massive deposit (£16,000) for quite a while now, I am finally looking to buy my own place. Thing is though, I’m wanting to make as informed decision as I possibly can before taking the plunge. I’m based on the east coast of Scotland and looking into buying a 2 bedroom place in the Dundee area,…
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Mortgage Advice
Hi, Prior to seeing a broker I'm just aftEr advice on my situation: Joint mortgage, 100k joint income Looking for max 240k borrowing. Partners credit rating is perfect. My credit rating is perfect fro the past 15 months. About 3 missed payments 12 month specious, but then quite a lot of missed payments 10+, for 3+ years.…
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We are looking at applying for a mortgage this year would we get it?
My partner is the main breadwinner earning about £40k i earn about £10k as i only do 2 days a week as we have a little girl, his credit rating is around the 900 mark but my credit history isn't great around the 400 mark im trying my damned hardest to improve it though but it doesnt seem to be getting any better, (one…
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Natwest - affordability software
Hi guys, Hoping someone could help here. Basically i own my flat with my brother and he wants to move out. I was told off natwest i could manage a £26000 mortgage which was fine obviously to give to my brother. My income is 11200 a year and i only have a car loan at 163 a month then just usual expenses elec gas etc. They…
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100% mortgages?
Hi Guys this is my first post on here so sorry if this has already been spoken about. I am not saying that I am intrested in a 100% mortgage, as i've read from previous posts you should save a deposit and do it the right way etc, and personally I don't expect anything for nothing, and have been bought up to save save save!…
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Single mortgage application when married
Hi, hoping someone may be able to share their pearls of wisdom. I got married 3.5 years ago. Unfortunately my husband has a terrible credit history. He can't even get a mobile phone contract. I knew this before we got married so we have always maintained entirely seperate finance, no joint bank accounts etc. I have kept my…
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Amount to borrow when remortgaging
Hi guys, I am remortgaging at the moment and looking at the 3.29% 5-year fixed deal with Nationwide. It has a £99 booking fee, but no product fee and I believe free conveyancing. I have currently been overpaying by £250 per month, which I am comfortable with so when I remortgage I will increase the monthly amount to…
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Advice on possible mis-selling / bad practice please?
My wife and I split up recently and, being a strong willed person, she decided to go off and arrange her mortgage on her new place by herself. She was tempted by our estate agents to use their mortgage advice service, and I have have serious misgivings about the way they have handled her application. They didn't tell her…
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Noddle credit report bad ? will it affect mortgage ap
:( Hello i am after some advice pls on
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3 Years Post Bankruptcy Mortgage?
UPDATE - see below Hi Looking for some advice if possible. Myself and my husband will be 3 years discharged from bankruptcy (Scotland) this March. House had been in negative equity when we declared bankruptcy so we purchased the beneficial interest from our Trustee. House at the moment is worth approx £100000 and our…
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Remortgage or borrow more?? Advice
Hi I'm looking for some advice. My property is currently worth 135,000 (according to Zoopla) and i have an outstanding mortgage of 88000. I'm looking to borrow more to pay off some credit cards and other debts, around 10,000. The problem is i have a shared equity mortgage (70/30) the original mortgage was for £94,500. I…
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mortgage and DMP
My interest-only mortgage deal (£91,000) is coming to an end in October this year. My house is valued at £230,000. Last April, I admitted to myself that I had debt problems and took on a Debt Management Plan through Payplan. My question is 'what sort of mortgage deals, if any, will I be able to get when the time comes. My…
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wanting to move home -Negative Equity
Apologies if there are numerous emails similar to mine but here goes.. Myself and my wife bought our current home in 2006 with northern rock and took out an 107% mortgage (bought house for 94k) Early Novemeber we decided the time was right to move for various reasons (kids) however up on having our home valued, we realised…
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Remortgage Question - Old Default
We had problems in 2010 getting a mortage due to my husbands ex wife and her bankruptcy & defaults. My husband has one default with Barclays for an old overdraft £452 (with a linked address) which will be 6 years on 27th February 2013. We want to remortgage and do home improvements are we best to wait until 27/02/13 or do…
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Mortgage and default
Have a default which ends beginging of April next year. I can afford to buy the property from my ex and have checked for mortgage affordabilty and my income more than covers the amount I am allowed to borrow. If I started to apply say middle of April would they agree to putting transfering the mortgage in process as my…
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ex-council mortgage restrictions
Hi everyone, can you please help me to understand how these mortgages work. I heard there can be real problems getting mortgage on ex-council flat. block buildings a lot of restriction apply. according to this broker - Endsleigh. following are under question: * High rise flats - especially if the flats have balcony access…
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£30K deposit on £70K property - bad credit
I'm just wondering are there any mortgage lenders out there that will give a mortgage to someone with bad credit who has a large deposit of £30K on a <£70K property? Or are you basically stuffed on getting a mortgage with bad credit history?
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Re-mortgage into sole name; negative equity
Hi there I'm hoping someone can advise as to my best option regarding my mortgage. Current mortgage of 265k in joint names - me & my mum Was with Standard Life, since been taken over by Woolwich Has been on high SVR for past few years (5.34 when SL; now 4.99) Monthly payments 1092. Bought house in 2006 for 236k (90%…
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Planning to move house best way to save towards the deposit
Hi All I'm currently living a in a small flat which I bought for 38k around two years ago. I my mortgage was 32k with a 6k deposit. I'm hoping to move to a new house worth around 100k in a year or so. I realise in order to do this I will need at least 10k deposit which I haven't yet paid towards my current mortage. I was…
