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Default with Nationwide - save to buy?
While going through my credit files (I am also a discharged BR - 6 years this year) I have found a default from Nationwide for £58. An account I had open with my ex and he looked after (stupid I know). He said he had closed it all when apparently he hasnt! It is 4 years old. If I pay it, would it make a difference and give…
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new mortgage with previous bad credit
hello everyone, Lots of help and advice needed and I am sure you guys can all help. I am a single parent with a 4 year old daughter and looking to purchase a house. I am looking to buy at £200k with a deposit of £50-£60k. I have no debt now but only a few months ago I cleared several credit/cards and loans. My credit…
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Job change before mortgage approval?
We're in the process of negotiating on a couple of houses and we want to complete as soon as possible. We've got a mortgage in principle but I have just accepted a job offer (not yet in writing but probably towards the end of next week). That means I might be moving jobs before completion. In fact it is highly likely,…
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FTB, moving home before a mortgage application - what would you do?
Hi guys, I posted this in the house buying forum but was advised to try here so apologies for the duplicate post! I'd love some advice on my current situation! I'm currently a lodger and I had an offer accepted on a property a few wks ago. The issue is, I'm really unhappy at home and could potentially move in with my…
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Mortgage Express - Incentives to leave
Hi, Has anyone heard off mortgage express offering incentives to leave? I got some advice from an independent advisor the other week, who hinted that as Mortgage Express no longer offered new accounts and only managed their existing clients, they was also keen to close accounts and had heard that they had offered…
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Timeframe advice
Hi all, Myself and my partner applied for our mortgage through Natwest in Thursday 16th May but have not head anything since and are waiting for an update from our financial advisor. We received at agreement in principle from them on the 4th May and the credit check is showing on our report as 'mortgage quotation'. We have…
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Barclays mortgage referred....
Hi all, We applied for a joint mortgage through Barclays and out LTV is 40% and we have £160k deposit to put down from the sale of our house. My partners credit score is excellant (987 on experian) but it has been referred as i have a deferred payment on my account. I rang Experian and this was due to my Next account going…
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How Early do you remortgage
Our 3 year fix runs out in October 2013 - when do I look about arranging a new deal to take over when this one runs out? many thanks
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BTL mortgage possible for a student with savings but no income?
Hi there. I am a 21 yr old first time buyer looking into the possibility of a BTL mortgage. Firstly, I should ask whether this is even possible considering my lack of income? I've read that so long as I am able to cover the deposit and take on the risk of mispayments, then I should be fine since the rental income reassures…
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salary v hourly pay problem
Am I stuck? im contracted to work a 6 day week, i do 7am till 5pm mon to friday and 8.30 to 5.00 on a saturday I have worked with my current employer for 30 years, and these hours for 20 years my last p60 was circa £29k, and prviose p60's are the same taking into account inflation pay rises each year my mortgage broker…
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Self Employed Mortgage - Confused!
Right guys am very confused..... I had my house up for sale last year but was made redundant so took it off the market. Then an opportunity came up to become self employed so I took it. Having spoke to both my current bank and also my existing mortgage lender they both said they would consider 1 years accounts (due to me…
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best current 5 year fix 60%LTV
ive been looking into a first time buyer mortgage does anyone know of any better deals than these two i have come across first direct 2.99% 5 year fix, reverting to 3.69%, no fees hsbc 2.99% 5 1/4 year fix reverting to 3.94%, no fees.
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FTB - six months of bank statements query
Applied for a Save to Buy mortgage with Nationwide and - in anticipation of this - recently transferred the contents of several ISAs I held with Barclays into my Save to Buy account. The mortgage adviser said there is a possibility the underwriters might want to see a paper trail as to where that money came from. However,…
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Smaller mortgage vs larger mortgage for desirable location & property
If anyone doesn't mind wading through this, could you help me see the wood for the trees? Trying to work out the best thing to do - from both a head and heart point of view. Basically I'm trying to decide whether to be sensible and keep my borrowing down as low as possible (but make several big compromises on the property…
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Advice for First Time Buyer
Im looking into purchasing my first home and have read through the free pdf on the moneysavingexpert website. I understand the financial aspect quite well but I need some advice as to whether now is the right time to buy in my situation. I wanted to buy a house a couple of years down the line but I feel that my hand is…
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BTL Mortgage - which one
Hi, Background I bought a house 2.5 years ago with my brother, which suited us very well as we could put forward a decent deposit between us. The house was bought for £100k and we put down £30k between us, on a fixed deal the monthly repayment is only £260 each and on a 15 year term. As the mortgage cost is low & house…
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mortgage holiday
i have a friend whos husband has had a heart attack and wont be able to work for some time, they are with c&g building society and have been told they cannot have a payment holiday, is this correct i thought most lenders would offer this as a stopgap until he is well enough to work again. any other advice would be most…
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we are in this together
Hello, Advice please. My wife and I ha a smsll business that went bust, and we both went bankrupt 5 years ago. Since then we have been rentung, saving a deposit and building our credit worthiness. The question is: We are both discharged bankrupts and linked. Would I be better off getting a single mortgage or joint?? (Its…
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Partner with CCJ
Hi, I have recently married my partner and she has a CCJ. A couple of years ago when we were just dating, I got a mortgage with Santander on my own which was no problem as I had a good rating. Now that we are married, can I still remortgage on my own or will it mean I cant because of her bad credit? I think there will…
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Job Change after mtg offer & exchange
Hello, I would greatly appreciate any mortgage professionals who use these forums on the matter detailed below. I am a first time buyer purchasing a new build property. It is a joint application for the mortgage. We have had a mortgage offer from NATIONWIDE and subsequently exchanged contracts with the developers.…
