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Debt and mortgage options advice
I have an interest only mortgage with the Bank of Ireland. I was on a fixed rate but now it has converted to a SVR. I also took a DMP just over a year ago. Am I stuck with this mortgage deal or am I able to obtain a better deal, even though I have a poor credit rating. Advice please.....
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Mortgage to Buy my wifes parents house
Hi guys, i'm sure this has been asked before nut would like some advice re my current situation. My wife's parents have acquired a new house from family which are going to move to and have decided to sell their house, it has been valued at £180,000. they have offered us the opportunity buy it at market value and they are…
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Minimum deposit
What is the current minimum deposit required with an above average credit report?
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Any mine friendly Buy to Let Mortgages companies?
Hi all, Just posted this in the buying/selling thread so thought maybe someone here can help? I've bought a house in Wolverhampton with cash at auction and am having difficulty finding a mortgage company willing to lend as it has a mine shaft within 20m of the property boundary. The coal board have said it is showing as…
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Porting a mortgage
I understand porting a mortgage is the actual interest only which is ported. We want to move, hoping to get around £100,000 for our house, we are lucky enough to have someone give us £50,000 towards our next place. We owe £20,000 on our existing mortgage.The interest rate is 4.56% fixed until 2016 which we can port.The…
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bad news santander declined me
Hey guys Thx for all your help and suggestions till now, wasnt happy with inhouse broker anyways which i communciated thru my previous thread and she submitted my application, yesterday n its come up as straight decline very next day ie today with no options to appeal the only thing i dont understand is the info on full…
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Bad credit history!
Hi All, I need a mortgage but my credit history is worst as I have CCJ not satisfied as i am not making any payments towards it. Also got default on different credit cards but i am paying some money to Consumer credit counselling to pay off my credit cards but i just started so it shows on my credit file as defaults. Is…
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new job - can I get a mortgage while on probation
Hi. I see there is advice about this from 2006 but things may have changed since the credit crunch. I started a new job as a Senior Officer in January. Different local authority and a higher grade job but the essentially the same, but I'm on six months probabtion. Some LAs do this, some don't, this one does. My husband…
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Can we do this re deposit
Hi i have a flat on the market which i am struggling to sell, I have approx £15k equity (if i sold for what i wanted less a couple of grand) we have savings of £6k for fees etc. Now we are thinking of renting my flat, and hubby getting a mortgage on his own (he is not on the flat mortgage) but the £6k will get us no where,…
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a few questions
I have debt in my name only which i pay regularly and am not in arrears etc. My questions are 1) will it affect my husband getting his mortgage ( mortgage is in his name only) 2) will the mortgage lender find out about my debt
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Are RBS applying wrong Base Rate to my mortgage?
Hi, I was hoping someone with a bit of knowledge of mortgages could help me. I took out a 100% mortgage with RBS in 2006 to buy my home, after I finished college and got a good paying job I changed my mortgage to repayment in Jan 2009 with 22 years left to repay. I signed a new deal with RBS at the time the Bank of England…
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Advice needed please
Hi My husband and i have been together for 10yrs the mortgage is in his name only, we have no joint bank accounts etc my name is on the council tax bill. We have decided to move house my husband has seen a mortgage broker and got a mortgage AIP(from his current mortgage provider) when filling out the full application i was…
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New borrowing - to remortgage or not?
Hi, just looking for some advice or an extra brain or two as my head is hurting with this! We are looking to take some new borrowing for significant home improvements (adding a new bedroom and bathroom). Our current repayment mortgage has 3 years and 2 months remaining fixed at 4.59%. The monthly repayment amount is almost…
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Shared ownership and Mortgage
My partner owns a 75% share in a house with her ex that they brought 4 years ago at the peak of the market. Long story but we are applying for an order of sale on the property due to the "ex" missing payments ect and building up arrears, abuse Now to cut a long story short is there ever any room with mortgage companies to…
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re mortgage advice
hi, new to the forums but have been using the mse site to save money :D . i need to re mortgage to buy out my partner ( mortgage is in my name only) . i have a mortgage with the halifax. i paid off the mortgage last july but left a pound on so as not to incur an early re payment fee of around £500. the mortgage target date…
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Mortgage Arrears/Executor of the Estate
Hi, apologies if this is in the wrong sub-forum but it seemed the most appropiate to me. Basically my Father died last year leaving my younger sister and I living in the house. There was no insurance policy and unknown to me previously there are a large amount of arrears owed to the lender. I am executor of the estate.…
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ID required for mortgage
What ID do you need to get a mortgage? One advisor has told us that without photo ID we will find it very hard. I don't have a passport or full driving licence - should I apply for a passport just to have the ID or will something else be accepted?
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mortgage for a B&B
Hi. I would like some information/advice on how to get finance/what finance options might possible. I would like to sell my house and buy a larger farmhouse to renovate as a Bed and Breakfast. All in all, the purchase of the farmhouse and renovation costs would be about £500,000. I could probably get about 20% of this…
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Effect of Credit Card Balance on possible mortgage app
Evening all, I'm hoping to move forward with buying my own house in a month or so once a couple of things settle down. With that in mind I'm trying not to do anything to adversly impact any potential motgage application, which leads me to the reason for this thread. I'm due to pick up a new car in the next couple of days…
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AIP gone to underwriters... Confused?
Hi, Our mortgage advisor at Nationwide has informed us today that our AIP has gone to the underwriters. We sent over mine and my parters details (payslips, P69, contract etc). I am just wondering if this is normal as we only got the AIP a week ago and began looking at houses a few days later. We are still looking at houses…
