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Mortgage Terms & Conditions
Bank of Irelands recent action on tracker mortgages should act as a wake up call to those who are planning to take, or have already taken out a mortgage. Go through your mortgage terms and conditions with a fine tooth comb. If you are on a rate that would not be available to you on the open market today, then chances are…
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Do all lenders view rental income as 'secondary'..?
Further to a recent thread I posted, I have contacted Santander regarding the possibility of a remortgage with them. They inform me that they regard the rental income we have from let properties as 'secondary' and are only willing to count 50% of it. For that reason, we fall short of the amount required. Can anyone tell me…
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Norther Rock/NRAM arrears advice anyone?
Not sure if this is the correct area, please move if not.... Hi all, Last year, I advised my mortgage provider (N**M) that I soon would be having trouble meeting our full mortgage repayments. long story as to why, but essentially my wife's mum was struck down out of the blue by a very serious brain tumour, and within weeks…
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Mortgage Application - Undeclared Commitment
Help please!! Husband and I are currently applying for a mortgage through a broker with Nationwide. The details were emailed to Nationwide yesterday to see if we could get an agreement in principal. They have declined to loan us the amount we asked as they say we have an undeclared commitment. They won't tell the broker or…
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Mortgage for Spouse alone
Good Afternoon I am not sure if anyone can advise. My husband owns a property at the moment and is looking to sell and use around 30k or the equity as deposit for our new home. The new home value will likley be around 190k. I am concerned as I had poor credit history in the past and am still paying back my credit card. My…
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Pre-mortgage bank account behaviour - problem?
Would be grateful for some opinions on this from those 'in the know'... Since my financial difficulties around seven years ago I have drastically altered the way I deal with money. I have been debt free for over three years, have caught the savings bug and am now so organised with my finances it borders on OCD! When I get…
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Keep small offset mortgage AND get new fixed as well?
I'll be remortgaging in May and am wondering if this is possible. Basically, I've had a very good experience with First Direct, but their mortgage rates, evern at around a 40% LTV aren't very good. I'd ideally like to keep our existing offset mortgage with them but reduce it to around £20k to fund an extension, and pay the…
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mortgage while on probation
Hello all, I'd like you advice/ opinion on our ability to get a mortgage. But first some background info.. We have been saving for a number of years and we are getting to the point where we are close to reaching our deposit target (see sig below) so we'd thought we'd register with couple of estate agents and start viewing…
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mortgage application
Hello Just a quick question , my broker is going to put in an full application on saturday with Santander , do we know the results of credit check same day ? regards
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mortgage advice - stick or swap?
I am in the process of moving to a new house. Had an offer for mine and an offer accepted on a house to move to. Looking to borrow approx 150 against a purchase price of 200 so just inside 75% LTV. Have an agreement in principle with our current lender - Nationwide but I am now tempted by some other lenders out there.…
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Voluntarily Surrendered my Flat...C&G Want Me To Complete and Sign Forms Now
Ok...so I handed the keys along with the letter as detailed below into my local branch of Cheltenham & Gloucester. Next day I got a phone call. They want to send me out forms to fill in and sign. They have told me that they cannot progress the voluntary surrender of my property until I fill in these forms and sign them. I…
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'Previous Searches' v 'Financial Associate Searches'/Experian?
Hi, My partner and I hope to be applying for a mortgage soon so i have got my credit report from Experian. I have 3 entries under 'Previous searches' but 7 under 'Financial Associate Searches' where my partner has applied for credit. Only one search under the 'Previous Searches' is recent (January this year) and 4 of the 7…
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Mortgage app - will these be an issue?
Hello Really quick one. We have sold my fiances property and temporarily moved in with parents so as to be "chain free" (and because it's taken a year to sell and we didn't want to risk losing the buyer). We are now looking at properties to buy - if we apply for a mortgage say in the next month will it be a major issue…
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Nationwide Mortgage - advice needed
I have a DIP from Nationwide for a mortgage for £128,000 in a shared equity new build with persimmon based on a 5% deposit. On the DIP they are asking for: Most recent payslip P60 Proof of address Proof of ID. Salary is £48,000 basic with £10k bonus earned last year and same again due this May. I currently have just over…
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Mortgage rate mystery - does 'interest only' actually exist for older borrowers?
I keep reading that such and such a lender is 'offering a 2 year fix' at such and such a rate. Great. But on what basis? I have usually taken this in the past to mean an interest only situation, but with many people like myself looking to remortgage in their 50s and 60s, plus tightened lending rules, I doubt very much that…
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Small Mortgage/loan possibilities
Hi I am after some help if possible! My partner and I live in a house that was left to him by his father who passed away August 2011. The house is still currently in his mum and dads name (his mum is still alive by the way).I owe my mum 15000 and wish to pay her back as my step father passed away last year so she doesn't…
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Where to try next?
Hi we are hoping to move to a bigger house. My partner and I have seperate mortgages. I have permission from the lender to let my house and the rent I recieve more than pays (£250 left over) the mortgage (which is interest free so we can pay more off the house we live in, rather then paying extra out in tax.) We plan to…
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Bank of Ireland has just increased my mortgage by 256% !
Bank of Ireland have just told me that to 'hold more capital reserves' they will increase the mortgage rate differential from base rate +1,75% to base rate +4.49% a 256% increase ! They say my mortgage loan agreement (originally with Bristol & West) has a 'special' condition that allows them to increase the mortgage rate…
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can i get a standard mortgage
in june 2010 we bought a house for £113,000 and took out a 3 yr fixed mortgage from the natwest, on a let to buy basis. what happend was the house we had sold, fell through, with a few weeks to completion, so to avoid losing the house we were buying, our mortgage broker advised us to rent out our property and take out a…
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Mortgages / Brokers Are A Nightmare
Hi All, Have been working as a contractor for nearly a year now operating as a limited company. Thought I would look at getting a mortgage for moving home, wish I had never started its a nightmare. I contact a broker who tells me that they can get me a deal only for them to make a mess of things. 1. I check my credit file…
