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Mortgage question
Hi - I'm new to this forum and was hoping for some advice. I currently have a mortgage on my house that I live in. My father died recently which has left my mother in our family home along with her 101 year old mother! Now my mum doesn't want to live in the house as it's too big for her and wants to move into a smaller…
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Applied to port woolwich mortgage- cant stand the wait.
I would like to move to a smaller house and have applied to port my woolwich mortgage. I currently owe£80000 on house worth £170000. Have applied for a £70000 mortgage on home I'd like to buy for£145000. A survey was done yesterday . It's 13 days since I applied and they said I would know within 2 weeks. I was accepted…
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How far back do lenders check?
I have lived 6 years at my current address with a perfect credit file - not a single missed or late payment for anything whatsoever, HOWEVER, I have 2 defaults which are 5 years old at a different address. This is because i didn't pay the bills when I left my previous address and it took a while for creditors to default me…
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Right to buy problems... Has anyone else had this?
My mother is living in a council house and has done for over 30 years. It's a 2 bed house, my mother is the only person living there. With the new right to buy scheme the idea was to purchase the property. However, the criteria says only the person living at the property can finance the purchase. As I do not live there or…
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Self-employed mortgage: what can I do to improve chances?
Hello, brand new on here and hoping to get some advice. Apologies in advance for the length of this post! My situation: I've been self-employed since Aug 2011; total of 1 yr 7 mths. I have one set of accounts for 11/12 and am going to file my 12/13 return as soon as poss after April 5th rather than wait till next Jan. So…
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Getting my girlfriend on the mortgage
I have a mortgage in my name only. I have recently decided to get my girlfriend on the mortgage so we will remortgage however will it just be my name on the house deeds still? If so, how do I go about getting us both on the deeds?
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FTB trying to understand bank mortgage estimates.
Trying to understand this but the wife is in the ear tonight & i can't wrap my head around it all. Basically we'll be looking at fixed term for sure, and probably for 5 years. There are so many options though & i don't really understand the difference between them tbh. Not sure if photobucket is going to be annoying &…
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FTBs, what are our chances?
Hi, I've been lurking for a while and thought I'd finally pipe up and ask about my current situation as (I think) we're getting fairly close to being able to actually start thinking about buying somewhere later this year. I think we're in an "OK" position but would appreciate opinions on whether our current plan is…
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Mortgage Broker went ahead too soon
Bit annoyed so would grateful for some perspective. Basically my dad went to see a broker on Friday. Was offered an interest-only deal with a low arrangement fee. He told the broker 'sounds good' but didn't sign anything or pay any money. He brought the paperwork home for me to read. The broker then went on holiday that…
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Owe £3000 on mortgage,Threat of Reposession
My mother 67 has had a mortgage with Bradford/Bingly for years, but recent she has been paying £60 a week to pay off the last of mortgage, Due to alot of confusion with telephone calls sayin she ok with payments then saying shes not,then they said pay £1500 in 4 weeks or her house will be reposessed because the mortgage is…
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Really old ccjs and mortgage applications
I had someone ask me a question yesterday that I had no idea about. Say someone had a ccj from 10 years ago, unpaid, from what I understand it would have dropped off their credit file years ago. If he applied for a loan or a mortgage with it still unpaid, is there anyway the mortgage provider could find out about it?
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Choosing mortgage adviser - face to face or phone?
What are peoples experiences? I am currently 'googled' with all the search results. I am considering buying a second property, and after playing with a few affordability calculators, I think hiring a broker would be a good move. What are the disadvantages of having a broker 'on-call'? P.S. I live in Leeds, so if anybody…
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Too early to start mortgage application?
Hi all, I have been lurking on these forums for a few months now during my house selling and now buying but today I signed up as I have a question. So after finding a buyer and striking a deal on a nice new build house ouy buyers suddenly lost their buyer. The new build company have now stepped in to offer to buy our…
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Average/Poor Credit Rating
Hi Everyone, I would like a little advise if possible. My fiancee and I are looking at houses at the monent but I have credit issues and was wondering about my possibilities of getting a mortgage. We are looking at part share houses £35000 for 25%, we have £7000 deposit. The issue will be my credit rating. I have no CCJs…
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CIFAS Marker
Hi everyone I'm new to this site and was wondering if anyone can help me. I applied for a mortgage with the Leeds Building So, cat 4ciety through a broker last year. The broker asked me for my ID, bank statements etc, said i had been accepted in principle and took some money from me. The mortgage got declined and he said…
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Refused mortgage port because i intend to repay
So I called Natwest and asked the if there was any way of avoiding an Early Repayment Charge as I didn’t need to keep the mortgage but could port (move) the mortgage to avoid an ERC. They said no, but I could port the mortgage, but they needed to check with their underwriters to see if there would be a minimum term that I…
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Restrictions ( charging order) and stupid c&g
I have had a mortgsage with c&g for some years and due to some problems I fell into arrears. I have 4 loans ( 3 of which are cca regulated). i have been paying off £20.00 per month against £13000 arrears. In Jan they wrote to me and offered me a consolidation of the arrears. They went through the figures with me and it…
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Budget 2013.. What it means for those saving deposits
Hi Folks, Long time viewer never needed to ask anything not already asked to death before! So, with the just announced budget - for the first time .gov will back new buyers to buy a new OR old home, by guaranteeing the mortgate to the banks. This means deposits should be far lower. I'm hoping for a 95% LTV? Does anyone…
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MSE News: Budget 2013: Help to Buy mortgage scheme to launch
"Help for those struggling to afford a mortgage will be available from 2014, Chancellor George Osborne announced today..." Read the full story: Budget 2013: Help to Buy mortgage scheme to launch Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New…
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no proof of income
Hi, can anybody help? We would like to get a mortgage for £84,000. We are purchasing a house and we have £145,000 deposit. I am self employed and have account records for the last 3 years, but I submit them myself - they are not audited. My partner has just gone self employed so has no books for proof of income. We have…
