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Getting a new mortgage with bad credit
My husband and I sold our 2bed flat and his deceased mother's house which we rented out for3years. My husband had missed payment on the last three months before the property was finally sold and I had defaults on some catalogue payments. We tried to get a mortgage after we had succeeded in finding the perfect home for our…
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Mortgage advice needed
Hi all, I'm after a bit of advice if anyone could help me. 2 years ago I was turned down for a mortgage by abbey because I had a default on my credit file. It was only 4 years old at the time so my sister kindly agreed that I could put the mortgage in her name so she and my girlfriend put the house in their name. Me and my…
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Should I accept endowment payout but add a caveat?
My mortgage endowment has matured and is very short of being able to pay off the amount it was intended to cover (never mind the profits expected!). The endowment matured a year ago, but I was not informed as the endowment company claim they did not have my current address. (I was expecting it to mature in August this…
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Mortgage for Home & Self Catering Business
Hi. Quick question. If I was looking to purchase a property that serves as both my home and as self catering accommodation, is there a specific type of mortgage or finance I should be seeking. In my instance I would obviously draw revenue from the self catering but income from other employment including my partners would…
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Individual mortgage and joint deeds
Hi myself and my partner are in the process of buying our first house and the mortgage is only in my name. The reason for this is that I work for a bank and qualify for a very attractive staff rate and also he is recently self employed. His parents have gifted us around 25% of the property value and I need to know if I am…
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95% Mortgages
Do they exist? We're looking to move home and have just over 5% deposit. We've joined the nationwide scheme which means you save for 6 months and then can apply for their 95% deal. Just wondered if there are other options not visible to the public? Our combined income is £120k so the repayments are not an issue. We're…
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Mortgage with one default
Just sold my house which was a joint mortgage with my ex husband and have found a house which I want to buy. Problem is I have a default which is 5 years old (ends April 2014) but have a 15% deposit. What are my chances of getting a mortgage with these figures? The house I am wanting to buy is £125.000. Also will I be…
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Exploring mortgage options
My wife income, £27,000, my income Fixed contract that last four years but same company since 2008, income £4,700 pa. The renewal cycle kicks in next may. I also have self employed income, 2012/13 £7,500 profit, 2011/12 £5,000, 2010/11 £-1,500. All verified by an accountant and the necessary information from hmrc can be…
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FTB in London, weird credit "score"
Hi all :) I am looking at buying a studio early 2014 in London. I have about £15k saved at the moment and in a year's time I'll likely have about £20k saved. This should be adequate to put down a 10-15% deposit on a studio in London. Anyway, for research purposes I performed a credit report search and my "score" was…
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Help the Hopeless!
Hi, hoping for some help here. I currently rent (rolling contract) with my girlfriend but the landlord has now expressed his desire to sell. He asked me whether I had any interest in buying which got me thinking. First of all, I'm going to be homeless unless I raise some serious cash in the next few weeks! Second, I have…
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Overdraft and re-mortgage
Hello, I wonder if anybody could help please? We are due to come out of a fixed rate mortgage on 31st October this year. We are dealing with our debts and don't miss any payments. However, we do not have savings and dip into our overdraft each month before pay day - then its cleared again. I would say we use abiut £3-400…
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Attending exchange of contracts
I'm a FTB and was wondering if both my partner and I will need to attend anywhere to exchange contracts? Thanks
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Mortgage options for future self employed
Hello, I'm currently getting a mortgage. Both myself and my OH have full time jobs. We are currently looking at a 2 yr fixed deal. However, in the near future I'm considering going self employed, doing a mix of my own client work and contract positions. It's dawned on me maybe a 3 yr deal will be better as ill have more…
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Mortgage options pre-job
Hi all I start a job in London in September (but am a student until then), but am keen to buy a flat before I start. I have around a 20% deposit from the sale of a previous house. I gather that some lenders will accept evidence of a job as proof of income before it starts - can anyone tell me who, if anybody, will accept…
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First time buyer: Mortgage
Hi All, I am a first time buyer. I have a quick question regarding my purchase. I recently made an offer on one property which is worth £277,000. I have my mortgage approved by Halifax. I am putting 10% deposit. Now I have found another property around £250,000 and really liked it and considering putting offer on it. Can I…
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Mortgage Offers on a new build property
Hello All, I was hoping that one of you may be able to help me. I have recently reserved a plot on a new build development which isn't due to be completed until April/May 2014! As I have reserved the plot the builders require me to exchange contracts within the next 28 days. The problem I have is that there is no mortgage…
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Help to buy schemes - very confused
Hi and I hope you can help to put me straight. I'm 29, living at home (no rent/bills) and looking to purchase (FTB) within about a year - likely in 2014. I earn around 25k and have built a good deposit of around 55k. I'm therefore looking at houses for around 160 ish. I keep reading about these new government schemes but…
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Can you move house (remortgage) whilst having a secured loan
Hi Everyone We're hoping to buy a new house next year but will have have four years left of a secured loan to pay. We're hoping to pay down our unsecured loan in the year as we consider this to be more of an issue as we have found out it is unregulated and therefore want it gone. We also get interest back on the secured…
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Helping daughter
Hi, My daughter and son-in-law want to buy the house they are currently renting! Landlord is looking to sell in August. Unfortunately they are both bad credit risks per experian. He has CCJ and she has a default. The house is only £130k and they are around the 10% deposit level, but won't make 15% or higher in time. I'm…
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Joint or Solo application?
We are in a little bit of a strange situation and i'm not sure if im doing this wrong.. Basically I work in Leeds, my GF works in Manchester and we live between the two paying for it in travel. She is now pregnant and we are planning to relocate to Leeds. We currently rent and will be FTBs. My plan was to get a mortgage…
