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Question regarding a Joint mortgages and ending it
Currently I have a join mortgage with a friend on a house and its about to come to the end of a two year fixed period. However my friend has decided he wishes to part ways. Now I don't really fancy selling so my choice (as I see it is too pay his half back) due to his job situation. How does this work exactly (We are…
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Looking to get a mortgage but I have an old default
I have an old default which is removed from my file in March 2014 so my original plan was to wait until then before getting a mortgage, however my tenancy is up in June and I will need to move out of here. So rather than rent somewhere else for a year, I figured I might as well try to get a mortgage. My credit history is…
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Help please
My son partner has left him just after they signed for a new house. Santander has refused him a mortgage in his own name as his credit score is fair as he has no credit cards etc. As parents web are prepared to back his payment but I arm 59 and my husband is 60 we a re both in full time jobs and I have a Final salary…
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Foreign National Mortgage Issue
This is going to sound complicated but please bear with me. My husband (British citizen) and I (US citizen but UK permanent resident with ILR since 2009) have just sold our house. We have had an offer accepted on another house. We contacted our current mortgage holder because we were happy with their rates and wanted to…
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Please help - Desperate
Hi, I am really hoping someone here can give me some advice as Iam desperate. Mum and I lived together and she passed away a month ago. We livein a house valued at apx £180,000 and there is £50,000 left to pay. Mum didn’t haveany life insurance and I am 39, on disabled benefits and have a terrible creditrating. I will list…
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Please share your views with the re-mortgage deal
Please do advice as to which option is better, Thank you. We have a mortgage with Woolwich and are completing the fixed rate period on 28th Feb 2013 and are moving to a 2.49 + bank of England rate= 2.99 % for the rest of our mortgage period (23 years). We got this mortgage rate through London and Country. They are offering…
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Getting a mortgage after a DMP
Hi, i am currently on a DMP with step change, which involves 12 different companys ranging from CC's to PDL's :( But i am fortunate to have them all accept a payment plan and one by they will all be cleared off by December. But i will be very much interested in getting a mortgage and buying a house after my plan has…
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Nationwide mortgage overpayments
Hi all, I have a nationwide mortgage fixed for 5 years on a repayment basis and want to overpay. I have looked on their website and I can overpay upto £500 without incurring any charges. However, it goes on to say, that it will reduce my repayment next month, which I don't want. I would like to reduce the months left to…
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realistic chances of getting a mortgage
Hi All, Am a first-time buyer and viewing properties to buy. I earn around 30-31k per annum. My parents and friends are going to help me fund my deposit (10% - 20 %). I tried few calculators online of few banks(HSBC, santander, halifax, virgin). I am looking for properties in range of £150k-160k. Am I being realistic? yes…
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What is 'Capitilised Interest'?
I borrowed back some funds from an overpaid (Interest 0nly)mortgage last year. I paid back half of the borrowed amount in Dec. Ihave today recieved an annual statement wich shows a debit figure of £1500.00 for 'Capitalised Interest'. There was no mention of penalties when I arranged the borrow bank, so I am baffled as to…
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Which do you think?
I have a quick question. 2 years fixed rate @ 3.05%, or 5 years fixed rate @ 3.65% 2 years works out £50 cheaper a month while 5 years gives me peace of mind in case interest rates rise.
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PhD Student + Partner on road to a mortgage in London...
Hi all, I posted about this many months ago, and thanks to all for the advice - things have become more real than theoretical now! I've recently started a PhD, and am getting quarterly installments of £4,000ish, £1,000 of which I'm putting into savings as soon as I get it, and then anything left over at the end of the…
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5 year fixed rate, interest only expires March 2013 - what now?
Hi - as the title suggests we've had a five year fix rate (Santander 5.79%) interest only mortgage. We moved from London to Sussex and actually half way through and have overpaid maximum each year so £50k on the lifetime of this mortgage. We now owe £165k on a property value of 350k so good LTV. My question relates to…
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Can i combine 2 properties on one mortgage?
Hi , I currently have a mortgage that i took out on my own i bought my flat for 130k back in 2007 and have 94k left on the mortgage. My partner (who does not have a mortgage) and I are looking at buying our own place. The question i want to know is would it be possible to get a new joint mortgage on a new place and to add…
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HELP????? Credit checks - mortgage company dispute
Hi all, after some advice. i today applied for a decision in principle with my mortgage broker to a building society. The decision was then referred to the underwriters which later came back declined due to 'oustanding adverse credit'. both my broker and i have been torugh all credit reports and there is nothing - not so…
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Mortgage
Hi, I'm a first time buyer looking to get a mortgage. It looks like there's a strong chance I may get made redundant soon. I will be able to get work after this job but it's mostly likely to be freelance. When working on paye I understand it's much easier to get a mortgage then being self employed. Do you think it's worth…
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Does 5% extra deposit make that much difference..I guess it does
Hi, Looking for a bit of advice - reading threads it seems a similar story, any mortgage brokers out there lend a hand? :-) The story so far below: FTB have 10% deposit Have a decent job, salary, monthly car allowance and bonus means I make 65K per annum (base is 51k) Been with company 12 yrs. No outstanding debt - no…
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Financial Smiles Prudhoe
Good afternoon. I'm currently in the process of viewing properties and have found one which I like and would like to progress and possibly make an offer. I have begun looking for a broker and a couple of friends have used Financial Smiles in Prudhoe. I can't post links yet, however if anyone 'more in the know' than me (not…
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Mortgage offer in principle & name change
First time poster, thanks in advance for any feedback. I have an agreement in priciple from my bank for a mortgage. I have since found out that need to amend the spelling of my name (my name was misspelt on my birth certificate and I now intend to amend it so that my surname is spelt the same as the rest of the family). My…
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Would 2 defaults on fully paid off accounts stop us being accepted for a mortgage?
Would 2 defaults on fully paid off accounts stop us being accepted for a mortgage? They were £400 & £500 but paid off now
