-
How to boost credit score to get mortgage
Hi all, My husband and I are just about to re-mortgage and we've both been totally anal about our finances for years now, paying off all our credit cards, paying everything bang on time and really trying to make sure we have good credit scores so we can avoid issues we had years ago every time we tried to remortgage! So, a…
-
Getting a mortgage with an old ccj thats been removed?
Hi! My partner had bad credit years ago and had a ccj. This has been on his file for six years and has now been totally wiped from his credit report...never to be seen again! We applied for a mortgage the other day, they asked if we had any past ccjs to which we honestly replied yes, they did a credit check ( we both have…
-
Help to Buy Equity Deposit + Offset Mortgage
Hi All - a very quick question..... The detail on the Help to Buy equity deposit is very light currently and I was trying to see if this scheme would be eligible with an Offset style mortgage? The detail i can find states that a capital repayment mortgage is required and i'm therefore assuming that as an offset mortgage…
-
sandander and their charges
hi i am new to all this. wondered if anyone can help and shed some light on all the goings on with santander, they seem to be charging me left right and centre, bouncing cheques, and mainly charged me over £643.00 to move my santander mortgage from the 1st of the month to 15th of the month. i cannot get to the bottom of…
-
Newbie Mortgage advice
Hi guys! Apologies if these questions are naive, but I'm completely uneducated re mortgages etc and was wondering if anyone could offer advice please. - What are your thoughts on house prices being likely to go up following the government's new Help to Buy schemes? ie is NOW a good time to buy because after January next…
-
Will we qualify for a mortgage?
Halifax have said yes repetedly that we would qualify. My husband earns 28k but he has a spouse visa due to expire oct 2013, we will of course be applying for an Indefinite leave to remain before that only having to prove that we still live together. Our LTV is 30% as we have 50k deposit. I earn v little at basic wage of…
-
Switching Brokers...
Hi, I am currently going through a very painful DIP process for a Nationwide NewBuy mortgage. The advisor promises this, that and other in terms of calling me, giving me updates and never does. I appreciate she is busy, but she is the one that says she will do X, Y and Z. She doesn't answer my calls , she hasn't for some…
-
Mortgage after repossession
My bottom line question is, how would a mortgage lender know that you had a previous repossession? A few years ago we had a very troublesome tenant who knew every loophole In the law and how to get away without paying rent for over a year, appealing all evictions first because she was pregnant, then because her children…
-
Buying out of a mortgage
Hi all, I'm just about to buy out of a £362k mortgage at 4.59% (it's in the last year of that rate) to move to a 1.79% fix and was wondering on opinions as to whether or not a rate of 1.79% is likely to be bettered in the (very) near future. LTV is just under 60%, the borrowing is on the edge of affordability but I could…
-
Question about remortgaging?
I took out a 5 year fixed mortgage for my first house purchase and I still have just under 4 years to go but wanted to get clear in my mind about how a remortgage works when my fixed deal ends. So in the time remaining I am hoping to save up around 40k. So what I wanted to do is get another mortgage and put this 40k…
-
Voluntary Possession
Hi all, just need a little advice. My brother bought a 1 bedroomed flat at the height of the property boom. He was naive, bought it off-plan hoping he would make a profit and sell on. He owes about £75k on the mortgage but the property at best will struggle to reach £50k. He rents it out for £300 a month after fees but on…
-
Mortgage and Maternity Leave
Situation: My wife and I are looking to get a mortgage soon. She owns the property that we just sold and was the mortgage holds, this would be my first mortgage. My wife will be going on Maternity leave in about a month. Questions:* Can you be refused a mortgage because of one of the applicants going on Maternity Leave? *…
-
Transferring money to seller
Hi, first of all i apologise for whats probably a basic question. Im a first time buyer, approaching exchange of contracts in about 3 weeks time. M y question is whats the best way to get my money to my solicitor to pay the depost, I have 12k in an ISA and 7k in another online savings account with the same back. My other…
-
Order for possession
Hello All Sorry not sure if this is the right place to ask. My house was repossessed in January and I just wanted a bit of advice about the court order. It says: And it is adjudged that the claimant recover against the defendant the sum of £71,250.52 for the debt and interest to the date of the judgement. So if I owe more…
-
Deed of trust advice needed
My Father died last year so I was left a lump sum £100.000 which we are going to put towards buying our first house. So I will pay the deposit and for any renovations on the house and my boyfriend (because of my bad credit rating) is taking out the mortgage. £180.000 The deposit will work out at 25% of the mortgage and I…
-
Understanding porting a mortgage
We have had our house on the market for months and have accepted an offer and have found a place to buy. We have a 85% LTV self cert mortgage which we have had for 5 years with no late payments. Mortgage amount £248600. The new property would require a mortgage of £195500 (85% of the purchase price) After phoning…
-
Dividends / Re-Mortgaging
Hi Im looking for some advice or if someone has been through a similar experience. I am about to become a shareholder (as of 1st April) in my employers company (only a small share of 1%) and paid a small salary and the rest will be paid in dividends. Would this effect a remortgage when removing an ex partner and adding a…
-
Mortgage Reference
Hey all I have applied for a mortgage with the nationwide. I got a DIP through straight away and have now gone to a full application They have had my last 3 payslips and P60 and now they want an ref from my employer, which is fine as I have told the truth. All I wanted to know is does anyone know at what point they ask for…
-
Nationwide mortgage for self employed contractor
My husband is a self employed gas fitter. He contracts to a company who pay him weekly and pay his taxes for him. We have applied to the nationwide for a mortgage which is 30% Ltv. We have been offered our mortgage in principal but now the nationwide are chasing everything but the sun. The company he contracts to has…
-
Getting a mortgage after completing a DMP
As title really - what sort of things should we keep in mind? OH has recently finished a DMP (was around £3.5k when he defaulted in 2011, consequence of losing his job) and we're looking to start saving for a deposit (ideally 15% plus fees on a £120k property). Would like to be 'prepared' and give ourselves the best…
