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mortgage with low credit
Hi I have found a house that I would like to buy for £39000 but I only have a 5% deposit and a low credit score.I was wondering If anyone knows of any deals that may be available? Thanks
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mortgage with poor credit score
Hi I have just found a house that i like for £39000 but I only have a 5% deposit and i also have a low credit score from being linked with an ex partners debts!Does anyone know of any deals that may be available? Thanks
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Overpayment vs Stashing the same amount into an ISA
Another question, I was talking with a friend who told me that he was recommended by an IFA to overpay his mortgage but into an ISA that has an higher rate than his mortgage. The idea being that when it was time to remortgage, he would withdraw the savings and use it to lower the LTV ratio on the remortgage. I have looked…
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transfer of equity - affordability
privacy reasons
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First time buyer mortgage rate
Hi I am looking at a shared ownership property, share £62k. the only rate I seem to be able to get after credit scoring is 5.99% with a 15% deposit required. I don't have perfect credit history but it is nearly there - have regular salary, same job for years etc. Should I be able to get a better rate or is this an ok ftb…
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re morgage?
we own our home out right. we have been offered a bungalow very cheap its not a wreck we looked after a guy for years and now his dad said we could have his property cheap. we have three off spring so we would like to keep our home and re morgage to buy the bungelow - rent out our home to pay the morgage. worried to death…
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Mortgage offers - different dates and rates
Hi all, This is my first post on these forums, so please forgive me if I haven't followed any specific rules, I hope this is the right place to post my question. I'm in a situation whereby Nationwide has sent the mortgage offer to my solicitor, my mortgage broker and to myself, each quoting different 'dates issued' and…
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Should i complain?
In november my wife and i went into Halifax on the high street and asked for a mortgage. We recieved an AIP and started to look at houses. After seeing the house we wanted and having an offer accepted we went back into the branch in december to complete the application. The mortgage was refused. We failed the credit check.…
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Mortgage advice after a DMP
Hi, Looking for some advice i went debt free in March 2012 and then sold my house in Nov 12 and moved into rented property, would now like to buy again are there any lenders that will consider me now for a mortgage with my previous debt history, credit scoring is max with experian and just applied for equifax and call…
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Mortgage Options
Hello I have a mortgage which is on an interest only basis. I have 19 years left to run and currently owe £140,000. My current monthly payment is £285 a month and I rent the house out for £600 so clear around £315 profit which I use to help pay the bills in my current house. What options do I have as I am nervous that in…
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HSBC Joint Mortgage Rejection - no reason given!
Hi All Hoping for some advice and guidance after we were flat rejected (not even passed to underwriters) by HSBC for our joint mortgage, despite the first meeting with HSBC going very well and being very positive. My fiancee already has a £150k mortgage with HSBC which was to be ported across retaining the rate, and an…
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Interest Only mortgage, fixed term and Early redemption charges
Hi I am being a bit thick and was hoping someone could help; We are 17 months into a 36 month fixed term IO mortgage. We want to sell but will suffer an ERC of £4200! If we wait until the term has expired and we are free to redeem the mortgage without charge we will have paid roughly a further £14,250 in interest (19…
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Proof wanted.
Hello, my mortgage lender has requested proof that we will be able to pay off our endowment mortgage in 2017. We have paid monthly since 1992 with out default. I submitted details of my and my wifes income, pension details (final salary) and endowment details (in the red but 4 years to run). I stated that we would use…
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remortage advise please
Hello I hope someone can help me we have a mortage with santander at a current rate of 3.79% our fixed ends in may and they have offered us a rate of 3.99 for 5 yrs and 3.49 for 2 yrs , I have shopped around and l&c offers nationwide with 5 yrs at 3.29 with free legal and 99 £ booking and £99 exit fees seems best deL but…
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Am I Understanding Overpayments Right? Confused :)
Hi ladies & gents, Apologies in advance if this is in the wrong area. My husband and I took out a mortgage 2 years ago with Halifax over a 35 year term (first time buyers) at a crazy rate of nearly 6% where our payments were around £420 p/m. We have just rolled onto the variable at 3.99% and so our payments have dropped…
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complicated situation
First post, so I really hope someone can help. My situation is that I hold POA`S ( property and affairs) for both my parents. They have a property worth £325000 which they wish to transfer to me. A mortgage was raised on the property to purchase a warden controlled flat for them. This is a BTL mortgage for £140000. The…
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Deed of Absolute Assignment
My wife and I were divorced 10 years ago. Endowment policies at that time were valued and formed part of our statement of financial whatsits. We agreed that 60% of the value of our whole estate went to my wife which was paid to her as cash and I retained the policies and pension and have paid the premiums ever since. A…
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Turned down for Remortgage - what now?
My partner's fixed rate mortgage ran out about 6 months ago (was first-time buyer 2.5 years ago) so she's paying more than she'd like to each month now. She applied for a Tesco 2 year fixed, went through the whole process including paying the fee, surveyor etc, but was turned down at the last minute because she'd used her…
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Mortgage Repayment Calculations
I am currently building a small widget that calculates exactly how much of your mortgage you have paid off on any given day (inc. how much interest you have paid and how much you have left to pay) but am trying to work out some of the mechanics of the calculations. I understand how daily interest rate calculation mortgages…
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Small Mortgage against part owned house
Hi guys, I was wondering if anyone can point me in the right direction, or tell me if i'm wasting my time. I own a third of a house (other 2 thirds owned by sibling and parent) worth approximately £165,000 (so my share worth around £55,000). The house is mortgage free and is let via an estate agent. I was wondering if I…
