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Help needed on credit reports and residence ...
Hi Over the last decade I've moved a lot for various work reasons - mostly around the UK but briefly abroad (Japan). During university and my nomadic early career, I've always had my credit / debit cards registered to my parents' address. This has helped me always pay on time and generally be a good egg! As I'm now looking…
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The OneAccount
My current mortgage offer is up soon and I was hoping to move to a RBS (formerly Virgin Money) One Account as I am looking to make use of some of the equity in my property. I have been calling them up for the last couple of months and they are telling me it will be sometime before they are taking new applications due to…
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how long after a new purchase can you remortgage?
we've found a house which is being asset managed and therefore the agents are keen to get rid. It was going to go to auction with a guide price of £45k (its a small two bed terraced house with a small amount of work required) The agent has indicated that the vendor is wanting £52k for a quick sale. So we'd be looking to…
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something dodgys going on? declined on valuation-japanese knotweed
after waiting since the 4th april to get the valuation done, and the surveyor only turning up to actually do it 8 days ago, we finally got some news after our mortgage adviser hassled them.. no report on any other issue as they still have not sent a paper report out to lloyds or us, but just said that it is being declined…
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Mortgage before graduation
Hi, I have got a job lined up coming August and I'll be making a reasonable amount of cash. I have seen a house selling using a 50/50 scheme and it turns out that buying a two bed would be around £200 cheaper than renting. I have enough money to pay for the deposit and the legal fees etc. I am just wondering how likely I…
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One more newbie mortage question
mortage intermediaries websites like Natwest intermediaries soultions,abbey, etc can u apply directly for the mortage products they have or is this through Brokers only?
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Credit Reports
Hi All, Just been turned down by First Direct today for a mortgage & need to get hold of my credit reports. I have my Noddle one but I had a free trail for Experian & Equifax at the beginning of the year so it won't let me have a free trial again. I don't mind paying but does anyone know where I can get them from online…
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If I pay off my mortgage will it affect me if I want another mortgage in the future?
I have enough savings to clear my mortgage. However I am expecting to buy another house in around 5 - 10 years time. If I clear my mortgage now will it effect my credit rating when I apply for a new mortgage a few years down the line? It make financial sense for me to clear the mortgage, but is there more to consider?…
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Help! Cant get a mortgage because of tenants
Hi all. I'm having a nightmare at the minute trying to get a mortgage. I am trying to go onto my wife's mortgage & consolidate the unsecured debt we have. The problem I'm having is that I had a rental property a few years ago that had tenants in. The gas/electricity bill was not in my name (it was in the tenants name as…
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Credit Rating Returned DD
My partner and I noticed that we had frequent returned DD coming off our joint account (thanks to not paying enough attention). These missed payments would be settled within the same statement, but I just wanted to confirm if these would adversely affect our credit rating? We want to apply for a mortgage so are a bit…
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Mortgage on property that my parents live in
I recently bought my parents' house (they still live in it and don't pay any rent) and lately I re-mortgaged with Santander through an IFA. My IFA arranged everything and all documentation was sent to me at my parents' address. Once everything had completed I completed a form sent with the completion documentation to…
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Let to buy- where do I begin?
Good afternoon all, Can anybody give me any advice on Let to Buy? I understand (more or less) how it works, and we are definitely in the position where we have a house that would be easily rentable, we have seen a house we would like to buy (in a different area) and we would like to hang on to the current home, realease a…
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Conveyancing - what do I have to do...??
Approval from Nationwide today - whoooooooooooo!!! So next stage conveyancing, which is being done by a friend of ours. I don't really "get" what is so complicated about conveyancing, but at this stage is there any active involvement from myself required, other to prod the process along from time to time and stumping up…
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Does this make financial sense?!
Current mortgage is £119,207 looking to pay 10% without penalty to £107,286. It is interest only @ 5.09% 7 years remaining of a 10 year fix. Would I be an imbecile to pay the 6% penalty on the balance and remortgage to capital repayment over 15 years. Current LTV is 75% could reduce this to 60% with savings. Considering 5…
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Linked to my ex with HSBC mortgage on Credit Report
Hi I'm wondering if anyone can give me any advice. I split from my ex over 4.5 years ago now. We bought a house together in 2006 with a HSBC mortgage, fixed for 5 years. The split was as amicable as it can be in these situations & I left after 6 months living in separate rooms & moved 250 miles away. We had a 'verbal'…
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Halifax fixed rate mortgage
Hi, Just wondering if anyone has heard of this situation before. One year ago took out, a 2 year long fixed rate mortgage with Halifax. All was well for the first year (no payments late or missed etc) but then last month they put up our monthly payment amount (even though we are on a fixed rate). I have had one month of…
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Mortgage App. Halifax
Hi All Me and my partner have applied for a Mortgage with the Halifax requesting a 33% mortgage (we have a large cash deposit, 67%) Main problem being I have two satisfied defaults. One Dec 2009 and one Feb 2010. The thing is...we went to the bank. Gave her all our details, salaries, debt owing (none) deposit etc and she…
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90-95% LTV mortgage with missed payments
Hi everyone I have a question regarding the likelihood of getting a 95% LTV mortgage. OH and myself have been saving for a while and are hoping to buy this year with Nationwide Save to Buy due to cash back and potential for 95% LTV mortgages, but will visit a broker nearer the time to see what else is out there. We have…
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lender's survey supports valuation / our HB survey suggests a prob - what must i do?
Hi there Sorry this is a bit long I hope this is the right place to ask as it's a question in principle about the mortgage process & there seem to be people posting on here who can answer from the bank's point of view. If not maybe someone could move it for me :) I have made an offer on a house and had it accepted. The…
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Halifax 1% Stamp Duty Cashback
Anyone applied for a Halifax product in the last few days? Check the new products. If you are buying for between £125k and £250k the products now include a cashback to repay your stamp duty. Did a shared equity case yesterday on the 3.89% affordabale housing product and just changed it. Same rate, term etc but £1,650…
