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Mortgage with Bad Credit
Hi There, Me and my girlfriend are looking to get our first flat together and have seen some we are interested in. We're looking at purchasing a share of the flat (25-35%) so need no more than £80,000. We spoke to a mortgage broker and he said that our salaries combined we fine for the properties in mind and that we should…
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mortgage holiday help!!!!
Last April I reviewed my mortgage and went to halifax as they offered me a holiday which was great as I was pregnant and knew we may want to take this when I got to naff pay! So today I ring halifax to ask for this to be told I can't until I have paid a year. I had been told by the mortgage man in branch that I could take…
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Different max lending whether existing customer or not?
I have come across a bit of an difference between the maximum that Nationwide will lend me whether I am an existing customer moving house or a new customer with a cash deposit. I am just interested to find out whether this is intentional policy or maybe just a mistake with the system? To give the back story I am an…
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Mortgage post iva
Removed, no longer needed
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Mortgage for school fees?
My daughter has been lucky to be offered a scholarship at an independant school. :T Unfortunately, I can't afford the remainder of the fees out of income, but my house is mortgage-free. Is it possible to take out a new mortgage for school fees? Or is there a better alternative?
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AIP a week and still waiting
My broker put a AIP forward to a lender last thursday and it got referred to the underwriters. Its still in a queue after a week dispite pressure from my MA. Has anyone else had similar experiences?
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Guarantor outside UK for FTB mortgage?
Hi this is my first post here. My partner and I are trying to get a mortgage approved and trying to get the best deal we can. Its proving harder than we thought even though we are both working and have saved several thousand pounds for our deposit. Someone said you can ask a parent or someone to be a guarantor which the…
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Retention release changing goalposts
I'm hoping for some objective feedback on a complaint we have with our bank (one of a few). We bought a property in need of quite a bit of doing up 3 months ago. We had to stick with our bank as we were still tied in on our old mortgage & the rate (2.9%) for the main bit of the mortgage was worth keeping. We had our own…
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Buying property for in laws
Hi Bit of advise please! My in laws are currently retired, late sixties and in social housing with their rent obviously being increased every year. We are considering buying a bungolow in need of a little work which they would move into and help renovate. They would then pay us 'rent' instead of the housing Association. We…
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How Long to Santander (Abbey) take to approve mortgage on average or your experience
Hi, Has anyone got any ideas about how long Santander take to approve a mortgage and issue an offer? i've been told that sometimes they are great and really quick and others they can take ages. Anyone used / with Santander? can you advise please. Praying it's not going to takes ages! Thanks :)
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Change of jobs - impact on lenders?
Hello all, Looking for some advice from the great and the good... My partner and I are looking for our first home, however she was (sort of) made redundant before Christmas... She works for the UK arm of a US company, and as part of a restructure it was necessary to liquidate the UK company. The restructure is complete and…
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How long from Application to Completion? FTB
Hi, I am a first time buyer, i've had my decision in principle with Santander and mortgage advisor has just (yesterday evening) submitted my application to Santander for the full mortgage. Can anyone advise how long it will take before a decision is made by them? anyone know if they are slow at the moment? my mortgage…
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Increasing mortgage term
Hi all, I rent a property with CTL which is currently on The Mortgage Works SVR. What i would like to know is if the lender is likely to agree for me to remain on the SVR of 2.5%, if i increased the term from 20 to 25 years for example. I would of course call them to ask them myself, however, daft as it may sound, i dont…
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First mortgage - very confused
Hiya, I was wondering if I could get some advice. Due to some stupid mistakes in the past, my credit rating was poor. I have been trying to improve and it is now in the Excellent section on Equifax. I did however had a CCJ against me many years ago but this has now disappeared. I wanted to try and apply for a mortgage but…
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Which type of mortgage?
Our Fixed Rate mortgage is coming to an end and we are wondering which mortgage rate to take on next. We are hoping to sell up and move within the next year or 2 so would rather not have another fixed rate for a number of years to avoid early repayment fees, but which kind of mortgage would be best value to take on in…
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Repayment BTL - what's the downside?
I am buying a flat in London off-plan, paid the 10% deposit some time ago and am told it will complete in a couple of months. I am British with a long (good) credit history in the UK and a previous mortgage, though don't currently own a property. However I now live and work outside the UK, with no immediate plans to return…
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Pressure from estate agent
I got an offer accepted on a house on FRiday the 1st of Feb, Saw a mortgage advisor Monday, picked a product tuesday and he applied for an AIP Wednesday. They need more documents and I'm still waiting for a decision. The estate agent called me and seemed quite aggressive asking why they haven't had a valuation yet and how…
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Advice on Bridging Finance vs Mortgage on Auction purchase
Have bought a property in an auction for 150k(to complete in 3 weeks time). Just realised the sold values in 2007 for a similar one was 185k. Checked with zoopla/nethouseprices.com Have started process to get a mortgage through Mortgage works(BTL). Mortgage has been agreed in principle already. But I am having second…
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Right to buy mortgage
Hi Guys, I'll just put this is bullet points rather than a long paragraph :) * 23 years old * 14,000 p/a salary * Offered option of "Right To Buy" at £35,000 * Low credit rating according to Experian * No defaults, mispayments or debts * Used wonga loan 6 times in past 12 months. * No savings - Due £25,000 inheritance in…
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Joint Mortgage, partner with poor credit
My Fiancee and I are looking to buy a house. I will have over 10% deposit, and will require 107K mortgage from the bank. I earn 28k so initially checks appear to lend me as much as 140k so I can easily afford this. My credit rating is good. My Fiancee earns 23k, so in a joint mortgage the bank may offer up to 200k. We…
