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Mortgage - Late payments on credit reports
Hello I know this has been done before and I have done a search etc., but I am still not very clear on this. Any assistance would be appreciated. I am applying for a mortgage jointly. My credit reports are all fine and no missed payments. Same for my partner's credit report, except for partner's mobile phone payments which…
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Remortgage to buy a second home
I have a house which is fully paid for ,worth about £240.000 I would like to help my daughter buy her first home. But she cannot get enough mortgage for £110.000 how can I help her.
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Can I have mortgage over 20 yr
I am 55 years old and I am looking for a mortgage of 64,000 Property is valued at 90,000. My question is to ask the longest term I could have the mortgage taken over. This is important before I may or may not approach a lender. I would love someone to come back and say between 17 - 20 years. Many thanks for any help…
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Split Mortgage over 15 or 20 years
I need to get a mortgage for £175K and have 2 endowment policies that will pay out approx. £55K in 9 years time. So to keep the monthly repayments down as much as possible, I aim to have 55K on interest only and the rest on repayment. In theory sounds good, however, due to my age, if I have it over 20 years, it will take…
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Remortgage and house valuation
Hello all, I am new to the site though I have spent many hours reading through posts before today. But I find myself needing your advice. Our fixed rate mortgage with alliance and leister finished in December, I have been in talks with my bank which is HSBC about switching to them and borrowing £5,000 for a new kitchen. We…
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Coming back from abroad - declined for Offset Mortgage
I don't think we are going to win this one - but has anyone got any idea why mortgage lenders refuse to look at folks on returning recently from living abroad (France in our case), and now buying in the UK. We only want a small mortgage (25%), have maintained our UK bank current and savings accounts, into which several…
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Shared Equity Mortgage
Hi Guys, Some advice needed. We have been accepted on a shared equity scheme by our local council they pay 30% of the property. Now they say we should only have to fund 5% deposit due to the councils interest in the property. I have a few questions, are shared equity schemes seen as less of a risk by the lenders because…
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how do i claim for ppi on endowment
hi, i am a newbe so will probably sound daft, but i took out a mortgage with halifax and the endowment was with winterthur life which then become provident life . i don't know if i can make a claim for misselling to them or not i did receive alot of letters about the shortfall and that i possib ly would not meet it . also…
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eating sleeping and drinking mortgages!!!
We are very keen to buy our ow property, and want to do it yesterday! I've been looking at mortgages and properties for some time online, but havent viewed any or spoke with any mortgage advisers as of yet. Me and my husband have combined basic income of £46k. we are looking for a house in the region of £85k-£90k with a…
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Mortgage affordability
I have a current halifax mortgage on my house with approx 15k equity. I am looking sell and go on to buy a new build home to share with my girlfriend, but she cannot go on the mortgage as of poor credit from a few years ago. I would need a mortgage of around 125,000 after I've put 10% deposit down. Based on my earnings of…
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Nationwide save to buy
Does anyone have any experience of the Nationwide save to buy scheme? I've seen contradictory statements on their website, one says its open to first time buyers and home movers where as elsewhere it just says first time buyers. We'd be a home mover so would we be eligible? Also what is the realistic chances of getting a…
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First time buyer - struggling
Hi everyone, First time I have used this forum before. Im just after a little advice or to simply try and find out some things. Im a first time buyer and have approached HSBC for a 90% LTV mortgage. I have given them every possible thing they need by going in Branch and speaking to a mortgage advisor & Protection manager…
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Will late payments affect mortgage application?
My Husband and I are wanting to purchase a property and currently have £20k to put down as a deposit, we're looking at houses around £160k. He's has an excellent credit history however I have a number of late payments from 3.5 + years ago on a credit card so really not sure if this will still affect me? For the past 3 and…
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Is a Mortgage Advisor/IFA a good career path?
I am thinking about going down the Mortgage Advisor/Financial Advisor route but wanted to know whether it was a good career path. I am currently about to start in an entry level banking role soon. I would aim to complete the CEMAP exams within 6 months. I would then try and apply through the bank to become a Mortgage…
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Is this Good Advice??? Remortgage
Hi I have recently contacted a reputable mortgage adviser who was excellent in getting my mortgage 3 years ago. WE now want to remortgage and borrow extra for an extension. Our background:- My wages : £8200 Husband : £27050 + £2k overtime Current Mortgage: £106,600 Further Borrow: £40,000 Total £146,600 We have no…
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Interest free mortgage for over 50s
Hi there. I'm hoping someone out there may have some advice for me. My partner and I have been living abroad for the last 7 years but due to elderly parents in the UK have decided it's time to move back.:( We have a property worth £300k to sell abroad and typically this is likely to take 18 months - 2 years to realise. We…
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Re-mortgage help
Hi, newbie here Recently visited The Bank of Scotland to review my finances and looking to borrow an additional £28k to repay all my debts, add it on to my mortgage and extend the mortgage. The remortgage was to be done by Halifax but they have declined me. My credit rating is above average, mortgage advisor said there…
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Remortgage to get a better LTV rate
I bought a flat a couple of years ago, a repo, for £75k, approx 85% LTV Residential Mortgage now on SVR Now these originally sold new 2005ish for approx £200k, and a few must have large mortgages on these, a lot are BTL. My Question is, can I get mine valued at a higher price to get a 60% LTV low mortgage rate?? eg a 5…
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Follow on rate - significant?
Hello, First buyer, slowly moving forward to taking the plunge with our first property, so be gentle... When comparing deals at the moment, I am more or less ignoring the follow on rate. Am I wrong? I'm doing this firstly on the basis that we will almost certainly remortgage once our fixed period has ended. But more…
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Experian report holding up mortgage application
Hi all, I'm hoping that someone will have some advice as to how best to overcome a potentially very difficult situation. I've just sold my house and am in the process of buying a new property. I did what I assumed was the right thing and have recently cleared every single scrap of credit card debt (almost £30K on various…
