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Part Buy Part Rent - with bad credit
Hi First I would like to explain my circumstances. Some time ago I had HP for a car with Welcome Finance and defaulted on repayments (I've returned the car half term but apparently some insurance that come with it was to be pay for full initial term - I've challenged this via solicitor and eventually Financial Ombudsman…
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Own my home, loan to buy another????
I need advice.... I own my home outright (£170,000) and want to take out a mortgage loan to finance purchase of another property to completely renovate and move into then sell my original home to pay off loan and leave myself £70,000 to put in long term savings. What is the best way to fund this? I live alone and earn…
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Can I buy a house for my mum?? I need some advice
Hi Hopefully all you knowledgeable people can help me: My mother has been renting her house for the past 10 years or so, after a family break up. She pays £450 a month. I do not have a mortgage at the moment - I live with my boyfriend in a house owned by his family. My monthly salary would be abouT £2000 after tax etc. I…
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95% Mortgage - Adverse Credit
Hi, I posted yesterday regarding a property i am looking to purchase with my wife. As we were looking to buy the property under the help to buy scheme the developer said they could not reduce the price of the house therfore we would need to pay 3% stamp duty which we just cant afford. We have seen a property (not a new…
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How long to update experian credit file?
Hello, does anybody have any idea when experian update their files? The only negative on my file is that I am not on the electoral register, so in late March I filled in the form and registered, this was followed by a letter confirming that they would enter me on the register and 2 weeks ago I received my voting card.…
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HSBC mortgage problems
Hi all, looking for a bit of guidance... Last year I drew down on a remortgage with HSBC on a really favourable two part discount rate. I was a premier customer at the time so qualified for the good deal. I must add that part of the mortgage was on a ridiculously low .79% above base which was ported from my previous…
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Mortgage deposit - Inheritance
Hi guys, When I was 18 I inherited 6800 from my gran's will, she died when I was 4. Now, I have a brother in the same position and we both added another 700 to make it a nice 7500 each and invested it with StJames' Place, earmarked as a house deposit when we leave uni etc. My question is that you hear stories about lenders…
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Ltv for new buy / help to buy schemes( lenders see as 95% or 75%)
Hi quick question when buying a house with a deposit of 5 % + 20% from the goverment what do halifax class the LTV ratio is it classed as a 95% or a 75%. Not seen much written on this so im a little confused
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What happens to my mortgage if my girlfriend moves in?
I'm looking for a house and intending to apply for a mortgage. The lenders want to know who's going to be living there? Why does that matter? What happens if I buy the house and later my girlfriend moves in with me? Do I have to tell the lender? And what can they do about it?
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Mortgage Applicant Age Question
Hi Just a quick one. Can you still apply for a 25 year mortgage at aged 40? We want to buy in 5 years, hubby would be the main applicant at aged 40 (maybe aged 39 just before if we can) and I would be aged 35 then as the second applicant. Thanks
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Halifax Mortgage Check
Hi Apart from getting my annual statements via the post I don't check, or rather can't check, the balance online. I don't have any other products with them. Do I need to register online to be able to access the information? Or is there something I should also be doing? Thanks in advance.
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mortgage advice
Hi some advice would be much appreciated. I own my grans house currently and have done for past few years now (on a 3 year fixed deal with 6 months left). I live in rented accommodation with my boyfriend. My gran has just been offered house in sheltered accommodation so will be moving soon. My question is my boyfriend and…
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Natwest mortgage pay solicitor fees
I will be getting a mortgage with natwest. One of the people on the phone said you can include the solicitor fees in the mortgage. I spoke to a solicitor who said I still have to pay them the solicitor fees, so how does natwest pay your solicitor fees? Do they just put that money into your current account on exchange date?…
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100% mortgage?
Hello, I was hoping for some general advice - is it possible and worth getting a 100% mortgage? I am a first time buyer and seriously considering getting a property to live in and rent a room out. I don't have a deposit, but would be able to afford repayments, especially if one or two people moved in with me. I don't know…
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1st time buyer. Urgent Advice Needed.
I'm posting this on behalf of a friend. In a nutshell.... I'm fifty years old. Have always lived with my parents. Therefore I've never been responsible for household bills etc and don't have any untility bills etc in my name. I've never had any credit so really no "credit history". I'm now looking to buy a property and…
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Credit File - Defaults
We are currently looking to move onto the property market and have been checking our credit file as of yesterday properly I have a few defaults in there that are about 4 to 5 years old now. Is there anyway i can get the defaults removed? My other half has a default from 2010 which is not settled. Its a small debt of £190.…
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Income vs Mortgage Protection
Silly question maybe but... We are in the process of buying our first property (jointly). I already have income protection up to £700 per month with Paymentshield (illness and redundancy). My other half has just done 6 months in a new job, and, having now passed probation, he is planning to take out income protection as…
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Buying house from Parent - Help!
Hello everyone, I want to give you all information about my situation and see what you can tell me...here it is: My Dad wants me to buy his house because he is planning to do some travelling. I'm an only child. > The house is worth approx. £100k based on the selling price of houses nearby. > I have £5k in cash. > I have a…
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My retired mothers interest only mortgage expired - please help! :(
The bank has just written to my mother informing her that he interest only Mortgage has expired (May 1st!) and the capital is now due! She has no vehicle in place to pay this off and she is retired so almost certainly won't be able to extend the term (she gets £90 a week and the mortgage is £300+ per month as its about…
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Hsbc declined
Hi, Partner and I applied for a 90% ltv mortgage with HSBC which was approved in principle. We offered on a house and offer was accepted,we went back to HSBC to confirm application for 10 grand less than the AIP. We stupidly thought that it would be a walk in the park! Briefly; £24,000 from sale of our house (deposit)…
