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Remortgage with bad credit
I will shortly be coming to the end of my 2 year fixed rate with Kensington Mortgages but since taking this out I have had to take on a Debt Management Plan with Stepchange for arrears with credit cards & overdrafts. These total c. £18k. I had defaulted on these payments but have never defaulted on my mortgage payments and…
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Help needed, clueless FTB.
Hello! Can anyone offer me any advice please? I am 38yrs old, divorced and self employed carer needing to secure a mortgage of about £50k if possible. I am currently selling my marital home (OIEO £300k) and need to pay my ex husband £40k and clear the mortgage (his sole name) of c. £117k, the remains are for me to use to…
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Mortgage in Principal without knowing final property cost
I guess this may seem a bit odd, but we are first time buyers and have found a property which we like. We have made an offer which is lower than the current asking price and would like to obtain a mortgage in principal to show that we are serious and ready to proceed asap. Without knowing the final price of the property is…
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high ltv mortgage. Possible?
Long time reader but first time poster. So hello! Through circumstance I need to move home its come out the blue hence needing high LTV Looking into a possible 95% mortgage. I earn 43k . Split between a 28 basic plus 15 commission and bonuses. Proven track record as I have been with same company 5 years and always earned…
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should I cash in endowment?
I have an interest only mortgage of £15,000 due to be paid off in 2015. I also have an endowment which was supposed to be worth £20,000 which matures in 2014. It was supposed to cover the mortgage and leave a bit over. The endowment is worth 12,000 at the moment if I cash it in. I intend to use savings to fund the…
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Remorgaging or life-time mortgage?
Hello! I've just finished two first years of my mortgage (which was fixed for 2year) and started dealing with re-mortgaging. And I now see that it’s a hassle,as (1) My property can be evaluated again by an agent (2) My mortgage insuranceneeds to be replaced by new one which for some reason is more expensive (i.e.monthly…
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Advice Please
Sorry new to this, so your help would be greatly appreciated. My mother (73) is becoming more and more housebound, and she is looking to move in with me and my family. We currently live in rented (private) accommodation, and my mum wants to give us some money to towards getting a mortgage for the property and to have it…
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Quick remortgage question
We bought our house for £167k as it needed some work done to it and should have been about £180k ish. I'm just doing a comparison site at the moment and it asks property Value. Do we put what we paid or what it's actually worth now? Thanks :)
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Applying for mortgage
Hi everyone, Just looking for a bit of advice on mortgages (although I am aware many things are uncertain in the current climate). We are aiming to be debt free and deposit saved in the next 6 years, however by this time, I will be 33 and my husband 46. Does anyone have any experience of getting a mortgage over the age of…
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Hypothetical Mortgage Application
I have just landed myself a pretty nice new job working offshore. I am a permanent employee and the remuneration rates are not 100% straightforward. I have a salary (retainer) which is a modest amount paid irrespective of work cycle or location. In addition to this I will earn a day rate for either on or offshore…
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Applying for a mortgage, but got a new job!
Hello, first time poster so I hope this is in the correct place! My OH and I are going to apply for a mortgage on a new build on Saturday. I am a civil servant and have been for 9 years. My OH is an electrician and for the past few years has worked with the same company. However, he has just been offered a new job last…
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Taking over a mortgage on death of owner?
Both my parents have now passed away. Their house has a small interest only mortgage with Santander which is on a base rate tracker so as you can imagine, the rate is fantastic at the minute. Before I call them what are the chances of keeping the same rate and just me taking it over from my parents? Think its 0.5% at the…
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Help to buy and porting existing mortgage
Hello, I have an existing offset mortgage with First Direct and am moving to a new build next month. The mortgage I hold is portable and at a very good rate but requires 25 % deposit. However, unfortunately much of my equity has been wiped out due to the decrease in house prices. I now only have around 15 % deposit for my…
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cost of transfer of equity
privacy reasons
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The mortgage guarantee scheme
Hi all, appreciate all details may not yet be available but does anyone know if, when this scheme starts in Jan 2014, it will be available to land lords? Im an accidental landlord who wants to keep the property i rent out, and perhaps use this scheme to purchase a home to reside.
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The Cyprus Problems
Hi everyone, firstly i am not sure if this is in the right place so admin, please feel free to move it if you wish. Just wanted peoples thoughts on what would happen in the Bank of Cyprus collapsed, went bankrupt etc etc.. I have a mortgage with them on property i own in Cyprus and watching this one closely. Thanks,
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Mortgage Options
Hi, My partner and I want to buy our first home. Problem is we have very little deposit. What options do we have? Renting is a no no really. What mortgages are out there? 95% ones available? We may be able to borrow a small deposit from parents, but no chance in getting 20% or more together! Any advise is appreciated! Lx
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New House but Keeping Old One
Hi all, I've been reading the forum for a while, but I need some help please. We're in the process of buying a new house (we're combing our assets with my mum who will be living in a separate part of the house) so the majority of the purchase will be cash, though we will require a small mortgage. Me and my partner have our…
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FTB Mortage amount?
Hi There, We are looking to buy our first home and was looking for a bit of early advice, only just started looking at what is on the market and was wondering what we could possibly get as a mortgage, details are: Joint income of £47k (£6k is overtime) Deposit of around £25k Saving of £3k for fees etc. however I do have…
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When will my credit rating improve?
Hi, I applied for a mortgage last year and was rejected by my bank. Bad credit rating. I'm a high earner, had a big mortgage, lots of credit (tens of thousands). Never missed a payment. In 2010 i got divorced and as a consequence of that, 4 mobile phone bills did not get paid for 3-4 months - purely due to bank accounts…
