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mortgage with defaults
Hi, I am looking for a mortgage however struggling, I work f/t with the same company for 12 years earning £22000 pa. I have had bad credit in the past of small amounts that are £415 default 4/9/09, £549 default 5/11/10, £420 default 4/1/08 and £571 default 26/5/11. Can someone please advise me as when i seen a mortagage…
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Halifax application
I have applied for a mortgage through my lending advisor and they recommended halifax. It was for a new build property. Halifax emailed my advisor back and were happy with my credit history and they formally accepted the application, and only required a payslip. They emailed back saying that to further progress the…
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Remortgage...
Hi all I have applied for a remortgage and everything was going fine until the bank contacted my employer. I have worked for them or about 18 months and on a regular basis I work 45 - 55 hours a week. My employer has told the bank that I work on a zero hour contract so that has put the breaks on my remortgage. luckily I…
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FTB clarification would be greatly appreciated...
Hi everyone! So, my partner and I are looking for our first property and I would really appreciate a little clarification on some points. Our current situation is as follows: My partner is making a solo application and has a MIP of £81000 with a deposit of £9000. I won't be on the mortgage as I have the worst credit rating…
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Huge difference in mortgage providers
Hi all, This is my first time posting a "serious" question about my finances. I am currently looking at my first ever mortgage (gulp). I have been using a few of the various bank calculators and have seen such a huge difference. Barclays have said I can have in the region of 160,000 but HSBC said 105,000. That seems like…
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What counts as a repayment vehicle?
Hi, Our mortgage with Santander is in two parts. The main mortgage is interest-only. There is a second part to the mortgage (taken out to extend the house) which is repayment on a very short term. We are looking to move and so port the mortgage. Will probably be borrowing more on top of this (a third loan!). We have a set…
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Nationwide Mortgage - Offer received - without Employer checks
I have applied for a mortgage with Nationwide 2 weeks ago, and I was advised by my broker that the mortgage offer has been issued last Friday. However coming into work today, I have found an Employer's Reference Form in my PERSONAL mail folder. So obviously the request form didn't get through to the HR department... who…
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Next step - Abbey/Santander
Hi, Basically i have had my offer accepted. Went to underwriting and that has been approved and now arranged a valuation/survey for tomorrow. Am i nearly there? Worried something might come up i am unaware of? Will they ask for any more paperwork at all or is that side of things done as it was been underwritten. Thanks.
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From Debt-free Wannabe to Mortgage… It can be done!!
Only 2½ years ago I finished a DMP with Payplan with full and final settlements to all of my creditors of which I had 7 in total and owed in excess of £50k. I had 5 defaulted accounts on my credit files which cleared the early part of last year and the 2 accounts left, had been closed and marked as settled (though with…
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If Santander were the last mortgage company in the world - I'd rent!
I can't stand them. Luckily my mortgage finishes with them in March. I am looking to move to Cooperative who have a 2.79 5 year fix. Anyone else know of any decent fixes out there I've missed?
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Early remortgage for a buy to let
Hi all, In jan 2012 I bought my house for £160,000 with a £40,000 deposit. My dad has recently inherited a house worth £200,000. His brother wants to sell his half, but my dad wants to let it. I am going to look into buying out my uncle so that me and my dad will co own the property. I'm a year into my two year morgage…
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Mortgage options ?
Firstly Ive seen a similar question already tonight but didnt want to hijack the thread, so apologies if im making people repeat themselves. I dont have a mortgage, and co own my home. Id like to buy somewhere to rent out. Im only looking for somewhere cheap max of around £60,000, which where I live is enough for a decent…
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purchaisng a new house after looking to remortgage current house
HI All Just looking for some advice, I have been going through a remortgage on my current house, and it is currently with the conveyancer getting settlement figures etc. Well the process has taken some time and that is another story, but in the mean time we have decided to move house completely. The new house is a new…
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Remortgage advice
Evening all, I'm looking for some advice on remortgaging as our financial position has changed: Current situation: 20 year mortgage in 2008. 5 years into a 10 years fixed rate of 5% £145,000 left to pay. Redemption fee of £5k - (this will only decrease by £1k over the course of each of the next 5 years) Only one-off yearly…
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Agreement in principle meeting. Need evidence of income?
Hi there. I am in a partnership with my wife. We have a filed 2010-2011 tax return, and our current 2011-2012 tax return is with our accountant waiting for it to be filed.. We also have basic income/expenses accounts which shows 95% of our expected income this year to April 2013. Each year our income has steadily increased…
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What to do with our money?
Hi, just after a bit of advice... Got a part buy/part rent mortgage over 2 years ago in the wife's name as I had missed payments on a loan in 2009 & was refused. I have since taken a voluntary redundancy & have £23k sat in the bank, debt free too. Are we best to pay this off our mortgage of £31500? Or leave it in a savings…
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Mortgage - not returning to work after maternity leave
I'm due to finish my maternity leave in 3 months. I wont be returning to work, will I need to tell my mortgage provider? We can afford the payments still but I know they stipulate letting them know any change of circumstance. Also if we ever want to move to a larger house, we'd need a bigger mortgage. I will be going…
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Still learning, but could I get a mortgage?
As the title says I'm only just learning about mortgages, my basic understanding is you borrow money off the bank and pay back an amount each month that is manageable with your job plus interest. But I know there is a lot more involved that I've still yet to learn. I'm quite hesitant about asking about this as I know it's…
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Which member has the best mortgage rate?
Hi everyone With the credit crunch helping bring the BOE base rate down to the amazing low of 0.5% for nearly 4 years, all those on base rate trackers must be doing well, myself included. So I thought I'd do a little survey. What's your mortgage rate? I currently have a great deal I started in 2008 with the Coop bank, on a…
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Loan to make up the rest for cash buy
I'm looking to buy a flat cash for £30k. I have £17k in the bank, my credit history is rated poor as i've had no credit in the past (cant even get a credit card) I'm in fulltime employment earning £18k. My question is, will my bank consider my £17k in savings if I ask for a £15k loan? Then buy the flat out right? If not,…
