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Advice re mortgage following IVA
Hi all Im hoping for a few pointers on the possibility of getting a new mortgage for a house move. My husband had an IVA, his 6 years are up and it has just 'fallen off' his experian file. He now has a Vanquis card to build up his credit file. We would like to move - purchase price around £175000, we have equity of around…
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Off set mortgage possibility and advice needed
I don't think that there is an easy way of explaining this. But I will try. I am currently selling my house with the intention of buying a cheaper property which will pay off my mortgage. However, I have been paying for mortgage protection insurance for the last six years in case of redundancy and it looks as though I may…
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Possible Mortgage Lenders for bad credit history
Does anyone have an idea which lenders are more lenient and more likely to offer a mortgage to someone with a poor credit history? The persons in question don't have a terrible credit history but have some credit card debts and have been turned down by Santander. I know a mortgage broker could help but in the absence of a…
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Mortgage Valuation - Worth going to Nationwide from Britannia?
Hello all. I received my valuation this week at a staggeringly low figure. To sell at that price would set a new record low for the road and the area, and this on a home with a brand new bathroom and in good condition. Sadly, the package I chose via Britannia was a really good one - so good that it was only on the market…
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Intelligent Finance: A Change to Conditions?
I have an offset mortgage with Intelligent Finance. Just logged in and noticed they will no longer offer any new savings accounts as of the 22rd of March 2013 - I don't recall any notice being given. I was looking at adding an ISA to the plan. Can they simply withdraw a key aspect of the offset mortgage I purchased?
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Has the mortgage market changed enough?
Morning all :j i recently separated with my husband and bought out his share of the property via a separation agreement in writing, also have all the child maintenance sorted etc. The mortgage is still in joint names, i tried to get a mortgage in just my name but no lender would lend, despite the fact i have mainly paid…
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Rising value of Endowment. Is this normal?
Eleven months ago (April 2012) I obtained a surrender valuation for my L&G with profits endowment, figure given was £18,255. Requested another valuation this month (March) and figure given was £20,091 meaning an increase of £1836 in eleven months. I pay £65.77 a month, so 11 x 65.77 = £723.47, therefore the endowment…
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please take a look because i cant understand how overpaying would work out
hi, now if a mortgage of 30,000 over 15 years was 237 a month. or over 10 years for 318 a month, my question is could i take it over 15 years but overpay it - instead of the 237 a month ,i overpay it at 318 instead, would my mortgage still finish in 10 years ? and would it be when money was tight i would just have to find…
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Santander mortgage application - applying for new job
My partner and I are moving house and have to take out a mortgage with our current lender, Santander, to avoid an early repayment charge (ERC) due to an existing fixed term mortgage. We can't apply for the mortgage until May or else we'll have to pay the ERC but in the meantime my partner is currently applying for a better…
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High rise flats mortgage
Hi, Looking for some advice on gaining a mortgage for an apartment in a high rise block. I am a first time buyer and looking to put down a 10% deposit but I am coming to understand this may be quite difficult. I have contacted the HSBC and they said that they do not take any less than 20% deposit with high rise buildings.…
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monthly cost of btl mortgage
roughly how much would a btl mortgage of £60000 cost me a month? maybe if someone could quote repayment and interest only prices would be good for comparisson. thanks.
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Reassement of mortgage amount when moving house
Hi all Newbie here, please go gentle on me :beer: We have a pretty good mortgage product (that we'd like to keep) and we're looking to move house. Since we took out the mortgage our circumstances have changed quite a lot, I was wondering if our mortgage company would reassess the lending amount (asking for our current…
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Borderline LTV on remortgage
Hi. My 5 year fix is nearly up and it is most likely we'll be remortgaging to a new company. Our house has lost a little value since we purchased it so we are still around the 90% LTV we started with (as we took out a 30yr mortgage, the capital repayments per month are rather small). The problem is the LTV percentage, I…
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Halifax Mortgage Process
This is my first time posting on here as after a search of tge forums I can't find the answer to this. I've recently applied for a mortgage through a broker with Halifax. It's 90%ltv but lower than my DIP was. I've given my broker my payslip, id etc. He's also looked over my exprian credit report and says i should have no…
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Shared Ownership Mortgage
Hi, I am looking for some advise regarding our situation. We currently have a shared ownership flat which we purchased in May 2008 for £175k. We have a 30% share (£52500) with a 25yr shared ownership repayment mortgage with Kent Reliance at 6.45% which the fixed rate ends May returning to 1.75%. We understand the value of…
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convert to BTL to buy new property?
Hi all, Our current property is valued at £350K, has a residential mortgage of 150K, and has been rented out for 21/2 years. We bought it to live in but someone broke in around completion and completely flooded it & by the time we’d done 6 months of work to rebuild it I was about have a baby. So we stayed in rented and…
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Final bonus rate conundrum
Hello there, I've just received my final annual statement for a Friends Provident (now Friends Life) endowment mortgage I took out 24 years ago. You'd think by now I'd be able to understand them. Alas, no. Only this time it's even more confusing because they've included a final bonus rate. The figure given is 95%, but 95%…
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First time buyer - Difficulty as self employed?
We saw a beautiful home, leasehold, £170,000 Unable to get a mortgage as self employed - obviously pay as little dividends as possible. We definitely make enough and can afford it, so is there a way round it? Or will we struggle to find a mortgage at all!?
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LSAP and FTB
hello all, Me and my wife are almost in a position to start the long process of home buying. The figures are I earn £31365 Wife earns £5382 Can we count child benefit at £1742 per year, in income? We are looking at houses in the £130000 mark and we currently have £10000 deposit and are hoping to have £13000 by June. On top…
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Job and Mortgages
Hi, My hubby and I want to move. When I phoned our current mortgage company a few months ago to ask if them would include temporary contact jobs in getting a mortgage I was told they would providing I have 3 months wage slips. My hubby has a permanent job and I have just started a temporary 3 month contract job. When I…
