-
part repayment /part interest only paying off lump sum
I have a part repayment and part interest only mortgage which finishes in 3 years but will have a larger interest only part outstanding. I have an endownment policy but it wont cover the whole interest only amount . the figures are current balance £46k interest only £35k I want to pay some off say £6k now does it come off…
-
First time buy, only 1 month payslip & bank statement. Need help!
Hello guys, I am a newbie in forum. I have some questions, need help! here is some details about our case: 1. My wife and I are first time buyers. 2. I have permanent job, £23,000. I've been in this company almost 1 year and half. Last month, I finished my 2 weeks paternity leave, therefore the net pay is lower than normal…
-
Mortgage approval – Severn Trent/ sewer regulations help
Good Morning, If a drainage and water enquiry from Severn Trent indicates thatthere is a ‘public sewer, disposal main or lateral drain within or close to theboundaries of the property’. Would this have any effect on getting a mortgageapproved? Thank you :)
-
Adding husband to the mortage
A question came to my mind the other day. If something happen to the mortgage owner, what rights his/her spouse and children got? (married couple) Currently the mortgage and deeds are in my spouse's name, we paid the deposit on the house from our savings pretty much 50:50. For reasons of income (I was self employed and my…
-
How paying more saves you money?
Hello guys... I found some people talking about an interest-only mortgages and their fear of not being able to pay the capital when the term ends. Some advised them to change it into repayment mortgage instead of interest-only. How does this solve their problem? isn't the extra they are going to pay will be the same saving…
-
Please explain interest rates for me? I'm thick.
Hi there My mortgage fixed rate ends in Jan, its currently 4.3% (I think). What happens when it changes? Does it go onto variable rate (I don't really know what this is). Would somebody kindly explain what it all means? Thankyou.
-
Using a mortgage broker - anybody used aFinancial?
Hi, we have only ever had one mortgage with our bank, but are thinking of using a broker for our house move. Anybody ever used or heard anything about aFinancial? They appear to be registered with the FSA, although slightly obscurely.
-
How many x Salary for mortgage?
I'm currently training as a lawyer on a two year contract, after which time the job contract becomes permanent (either at the same firm, or a different one). I'm looking to get a mortgage at some point in order to buy a two bedroom flat somewhere in London. First question is how many multiples of my annual salary can I…
-
One Girl, One flat and One Mortgage!
-
"Registering" your address for credit rating purposes
Hi All Has anyone had this problem before ? My address is "Flat 1, X Building". For some reason the post office has the address registered as "Flats 1 -3, X Building". Some of my post is addressed to Flat 1, some to Flats 1-3 - not a problem, as I get it either way. However, Equifax is listing that I (a) am not on the…
-
Poor credit rating
This is not so much a request for where to find a mortgage, but more of a general request for advice. I have had a troubled credit history over the last number of years due to many reasons, a financially toxic relationship (which has now ended) but mostly due to my own stupidity. There have been late payments, the worst of…
-
New mortgage with fair credit rating
Hi. I hope someone can give me some straight advice My husband and I need to move as we need more space for our growing family. We have held our mortgage for over ten years now and never late . We earn over 70k in joint income and have 20% deposit for the new home that we are interested in. If we manage to sell our current…
-
Looking for help with home ownership
Hi, I was looking for some advice please.. My friend is looking to apply for a new mortgage which she currently owns with her mother. The bank have said that her mother cannot be on the new mortgage due to her age (she is 76), however the mother does not want her name removing from the house. The bank have suggested some…
-
Mortage Requirments P60
I have been looking at mortgages with various suppliers. As my wages are £20k + 20% bonuses and Commission. They will not offer a full montage estimate till i give a p60 of my past 12 months in current job. As i understand it P60's are given on 5th April (roughly) i will not have 12 months in my current job only 11. Could…
-
Please help! Approved DIP from Nationwide then opened new bank accounts sameday.
Call me stupid but I really need some advice on this, we've been approved on DIP from Nationwide then we opened a separate bank account for myself and my wife that very same day. Now that we submitted our full application last week, and waiting for the offer. I'm now really worried after I' ve read here that there is a…
-
Barclays springboard app - 1late payment
Hi All, My parents have kindly offered to help out with a mortgage application. They like the idea of the Barclays springboard mortgage as they would be able to get back their 10% after 3 years. The only issue I have is that in Nov 2011 I have 1 late payment on an otherwise exemplary credit record. My score shows 499 on…
-
Reducing amount on mortgage promise?
This is all a bit hypothetical at the moment... Basically, the house we want to buy was valued with land attached at the rear. This land is un-mortgagable and we are currently TRYING to renegotiate to buy the house separately. My question is, would our mortgage company - The Woolwich - re-value the house and lend on our…
-
Interest only mortgage - can lender force change?
I have a friend who has an interest only mortgage which will run for another 22 years. She has come to terms with the fact that barring a lottery win, she will be selling the house to pay off the loan when she is 70. Her plans on retirement all revolve around this fact. I am concerned though that the lender may try and…
-
Chance of us being able to get a mortgage next year
Hi All, I haven't posted in this forum before but have been reading quite a few of the threads. After doing so, I'm a bit concerned about whether my partner and I are likely to be able to get a mortgage next year. Back in 2008/2009 I was in a bad and abusive relationship with a guy who was absolutely terrible with money.…
-
Remortgage & bad credit pickle
Hi, When I originally got my interest-only mortgage, my credit score was over 800 and my credit rating was exemplary. Since moving into my flat, I've had some serious issues with cards, loans and debts. I'm finally at the point now where all debts are with external collection agencies and this has allowed me to breathe…
