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combining 3 mortgages
Hi , i have 3 buy to let mortgages with birmingham midshires and my ressidential mortgage (intrest only) with n ram , i would like to combine them all together but change my ressidential mortgage to a re payment ,, is this possible and should i seek a indipendent broker or a bank ,, thanks
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Mortgage on house with no kitchen, toilet or boiler
From what I understand, if a house has no kitchen (stripped units, no sink), no toilet or sink in bathroom and no boiler and also no radiators, no normal lender will be willing to offer a mortgage on it due to it being uninhabitable or will offer a mortgage but with a 100% retention i.e another way of saying no. Correct?
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How far back do lenders look ?
Hi was wondering how far a lender would look back into your credit file ? for example if u had a very good record for the last 3 years but not so great before that ? So i guess im asking after how long do missed payments defults etc really effect an application, i guess there is a cut off like 1 or 2 years etc when a…
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Mortgage Affordability
When looking at debts against mortgage affordability, is it better to have debt on credit cards & overdraft or on a single mortgage. I realise having no debt is the best solution, so don't need any responses to this effect. Thanks in advance for any help.
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Mortgage declined
Hi all Looking for some advice....today wasn't the greatest so be gentle!!! My mortgage application was declined by skip ton because of my overdraft usage- which is now cleared and my parents gifting my deposit! I have recently used my savings to clear my debt and for fees. I had a 20% deposit and was looking to borrow…
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Provident Mutual
Hi there, I hope someone with a good memory can help me! I have an ex Prov Mutual Flexible Mortage Plan now managed by Aviva. The original policy documents state that the surrender penalty (to be incurred when the endowment mortgage comes to an end) is equivalent to "an amount equal to thirty percent of all premiums paid…
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Mortgage declined urgent advice needed. thanks
Hi there, I have applied for a mortgage via barratts housing, but declined, upon looking at my credit file, a satisfied default has been added to my credit file 5 days ago. (Nothing to do with me) Should be removed company said numerous accounts were open with different DOB, but no credit accounts of such on file. Gothia…
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Mortgage Offered - When Can I Apply For A Credit Card?
Hello All! Some advice needed, if you dont mind. I am in the process of buying a new property - my mortgage with YBS has gone through the approval process and I now have an offer. I am hoping to exchange next week, and complete at the end of May. The property is slightly larger than my current and so I will need to go out…
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Property Down Valued by NW
Hello, A flat we are trying to buy was initially down-valued by Nationwide by £25,000 off the offer we had made. Since the sellers were not happy about this they suggested we get another valuation through Abbey who have now confirmed that the flat has been valued to exactly the offer that was made by us (£25,000 more than…
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mortgage issues - help!!
Hi All, I am new to this site and I'm in desperate need for advice. Bear with me as this is quite long winded. Basically 7 years ago myself and an Ex girlfriend got a mortgage, we split up 5 years ago and have a son together. We decided it was best that I move out and leave her with the task of paying the mortgage as her…
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Shared ownership
Hi our son is buying 70 percent of a housing association property I think the most he could buy is 80. His fianc! is paying the rental element as she is recently self employed and wouldn't be eligible for mortgage and she will pay council tax. For fairness surely she should be on the official documents too as having a 70…
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L & C not responding... can anyone advise on eligibility please?
Hi As my title says, I have contacted London and Country brokers about the possibility of remortgaging but that was two weeks ago and they haven't been back in touch. I have sent a couple of emails asking for an update, but still no reply. So, it looks like I will need to find an alternative (probably a small local broker…
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Buying a house with my mum?
Complete novice as have only ever rented so please be gentle ;) I currently live with my partner and 3 children in rented accommodation. We want to look into buying our own home but as partner does not work it will be based on my wage alone which quite simply won't get us what we are looking for. I was discussing it with…
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FTB: Credit Score Issue - Who to chose?
Hi everyone, Looking for a bit of advice with choosing who to apply for our first mortgage with. We've had an AIP with HSBC on a 90% LTV for the maximum of £95k , had an offer accepted on a house(for £84k) and now we're deciding who to apply with... However, we just checked our credit scores with Experian and mine is 898…
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Remortgaging but classed as high risk despire having no problems since '93!!
Hi Just got off the phone with Norwich & Peterborough Building Society and am completely astounded. Apparently having never missed paying a mortgage payment since 1993 we are high risk, not sure how that works? The basic scenario I have him were, income OH £24,203/annum, me £8135/annum plus child benefit (taken in to…
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Mortgage for secong home
Hello, Apologies if this question sounds very basic. Lets say a person has first property with no mortgages on it, and he intends to rent it and plans to buy second home with 15% deposit and looks out for a mortgage, what options does he/she might have? Thanks for the help in advance.
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part time employment
Hi has anyone else had this problem and if so what was the outcome or has anyone got any advice we are in the process of applying for a mortgage and have been told we might have a problem, because ... my partner has 2 permanent part time jobs both are with different members of the same family, the 2 jobs come to over 40…
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Could i get a mortgage?
Hi i'm a first time buyer, looking at houses's around 70-80k and have 15% deposit, my income is 19k per year. However, i have had 3 defaults in the past, these are all identified as satisfied, and were all under 500 pound (if this means anything?). The defaults are dated as, July 2010, January 2010, and July 2009. I have…
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Can't help fretting about ability to get a mortgage!
Hi, The rest of the details have gone, they don't seem to be needed as the hurdle appears to be where my deposit comes from and I feel uncomfortable having so much info up. TIA Jelly :)
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Help to Buy Scheme - Not the Best Credit Rating
Hi All, First post on the forum. Im appealing to all mortgage brokers, your advise would be much appreciated. My wife and i are looking to buy a property on the Help to Buy Scheme.The value of the property is £310,000 We have the 5% deposit and are negotiating with the developer on incentives they could offer. I earn…
