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Consolidate loan into Mortgage?
Hello to you all, I will soon be applying for my first mortgage and I was going to apply with Nationwide Building society, who I currently bank with. My question is this though - I currently have an outstanding personal loan with Nationwide. Would I be able to ask Nationwide to consolidate this loan with my new mortgage?…
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Is it possible to have a 2nd mortgage on the same property?
:money: I have a great interest rate on my current mortgage of £100K which I don't want to loose, however I need to borrow c.£25K for home improvements. If I add this to my existing mortgage I will not get an attractive rate on the additional borrowing from my existing lender. I have more than enough equity in the property…
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FTB Mortgage with parent support
Hi, I'm looking to buy my first home together with my girlfriend and was after some input and advice on the best way to proceed based on my circumstances. We made the decision to start budgeting, clearing debt & saving at the beginning of the year. So far I've cleared off all my credit cards, and started saving each month,…
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First time buyer - mortgage application
Hi there, I'm looking to buy my first property with my boyfriend this year - we have a decent combined salary and deposit, however I'm concerned about the actual mortgage application process. I've had some problems with HSBC repeatedly cancelling my direct debit to pay my credit card which, although it has now been fixed,…
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Green
After years of saving and hard graft, currently lucky enough to own a property worth £850,000 with no mortgage. Looking to try to raise some capital from this equity but unsure of the best way. What would you suggest? I have limited understanding of the finance world and am looking for a few pointers so I can research a…
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Any Morgage deals which cover yr costs?
Hi, We have a fixed rate with NR. This is up in 2 yrs. If we want to take out a new FR with them (And take advantage of lower interest rates, which reduces our mthly payments) we will have the costs associated with closing the original morgage early. Has anyone had experence of other morgage comnpanys covering your costs…
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Right to buy with bad credit history
Hi all I have checked with my local council and have discovered I can buy my council with discount for £70, 000. This is an offer which we would be mad to turn down as the house is worth 140, 000. Now for the problem , I have very bad credit history and my wife has only just started a new job . Me and the wife have now…
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what deals - Confused
Hi all, I want to buy my council house. I have been to an advisor (not whole market)he says that I need to put all of my deposit down. The house is £195000 The discount is 75000 I have 80000 I need to carry out a loft conversion to accommodate my children 2 at unione at college (18) Idealy I would like to have a fixed rate…
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Dip
So I have dip and they have credit search me will they do more credit searches when I complete the full application I guess the dip is just a soft search. I found a property I like and I am going to put in an offer in. If they accept my offer then on to full application fingers crossed.
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Reverting rate to good to lose?
Hi I am 5 years into a 10 year fix at 5.29% with the Woolwich. There is a ERC of 6% and the outstanding balance is 104k with a remaining term of 14.5 years. It would seem a no brainier to pay the 6k ERC and get a deal around 3.29% saving 2k a year so a new 5 year fix would save 4k (10k - 6k ERC) The thing I need advice on…
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Defaults
Ok can someone please clarify for me the following on defaults/late payments? I have 2 files on my credit report which are giving me cause for concern. 1. Small loan amount which I settled 4 years ago, however 6-7 months prior to this the account shows "666666". 2. I had another loan which I settled August 2011. For 18…
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Woolwich process
Hi Following on from my previous thread... (Struggling for remortgage) An application was submitted to Woolwich which was accepted at DIP stage. I understand Woolwich are using a new system whereby their DIP decision should stay the same assuming information provided is accurate and can be proved. My broker tells me that…
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One off mortgage overpayment - to include interest?
Hi, I'm hoping for a bit of advice as I'm a little confused: I have a single flat that I let out. All done by the book, and tax declared etc. However - I now want to make a single overpayment each year in March in order that the mortgage interest repaid each year is greater than the rental income, so that effectively the…
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Selling a house in negative equity - the shortfall to repay the mortgage?
Just a wondering, really. This is the potential situation for a friend of mine, and we were wondering what happens. She and an ex partner have a joint mortgage on a property. The relationship has broken down and she wants to get away from the joint mortgage. The house is in negative equity. If they sell and don't get…
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NewBuy scheme for David Wilson Houses
Can anyone out there offer some advice? We are thinking of part exchanging our house for a David Wilson House but it is likely that the part exchange valuation will give us enough equity to get a 85% mortgage and afford stamp duty . I'm hoping to negotitate stamp duty and some money towards carpets etc, but still think we…
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Any chance?
Hello, Just wondering if anyone could give us some idea of whether or not it would be possible for us to get some kind of a mortgage or if we (1) will be unable to secure anything because of past credit issues and (2) we are too old and are therefore going to be renting for the rest of our lives. I will be 58 this year, my…
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Mortgage Deposit Query
Hi there We're in a bit of a funny situation at the moment and was hoping someone might be able to give some guidance. It's a bit of an essay but here goes. The other year due to work my parents had to move to the other end of the country, the house went on the market for about a year but with no real success. As a measure…
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A few questions about the application process
Hi all, We're still very much in the planning stages for a FTB mortgage application later in the year, taking on as much info from the forums and guides as we possibly can! Wondering if anyone could help answer a few queries that I haven't managed to resolve yet... 1) For AIPs, do lenders need to see proof that the…
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Retention predicament-help please?
Very long story short; been trying to purchase a 3 bed flat (one of two, victorian) since last summer, probate now granted, valuation done, valuer undervalues by 75K!!:mad:'elements of the property appear to be in a poor condition' and require' a varied range of works that could be done'? An elderly lady had the flat and…
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Can I refuse a mortgage offer?
I'm self employed. Found a flat that I want to buy. Approached a financial advisor, who applied for my mortgage. The bank took a week and came back with a rejection as they don't want to deal with self employed people. Then the financial advisor applied for my mortgage to another bank (say Bank-X) but the rate and fee are…
