-
Mortgage declined - what next?
Evening all. Found out today I've had an offer accepted on a property. I posted a few months back about having a Mortgage Promise from Halifax. Spoke to them this evening to proceed to a full application and as expected it was declined. Just wondering if I have any options? I knew my credit 'score' was rubbish, having had…
-
95% Mortgages? Who does them and how can I find them?
Hi all, Hopefully there is someone out there that can help me. I am currently renting a property and have the opportunity to purchase it - only problem is, with the property being over £350,000 I am getting stung for 3% stamp duty - this means I only have 6% deposit (would have 9% otherwise and could probably find 1%…
-
A bit confused about possible remortgage
Hello, My partner and I have been on a variable mortgage at a current rate of 2.49% since our fix ended last year as I couldn't really find a rate that was worthwhile moving too once fees were taken into account. Now that rates seem to be lower I was looking at the Tesco 2yr fixed rate at 1.74% I've done the following…
-
Hsbc legal mortgage doc 2012. It secures previous unsecure hsbc debt to your house!!!
First post.... about to re mortgage to hsbc...all paper work done but the the legal mortgage document. It states "The debts include overdrafts, loans or money due under any facilities that HSBC bank has granted you or grants you in future. I called them and they confirmed a first direct unsecured load and a marks and…
-
High Deposit, but struggling with the mortgage
HI Guys, Thanks to all those who read and help, I have struck a massive issue in my search for a mortgage. In the interest of transparency my position is as follows: - Deposit - £102k - Property Value - £340k - Salary - £35k - Commission - £15k I thought with a deposit of 30%, this should all be quiet easy but at the…
-
HSBC Premiere morgtage rates for family
Hello All, My Wife's Parents have a premiere account with HSBC and as such any of my Wifes Parents Children get preferential mortgage with HSBC. Unfortunatley we can not find any info except that they have good rates. Could anyone please pass on some of their thoughts as to what rates are available and if you've had good…
-
Poss to take advantage of super-low rate?
Hi sure I'm not the only one who's thought about this... I recently took a 5-yr fix @2.99, but am wondering if it would be possible to take advantage of the current much lower rates in any way to help effectively reduce my mortgage rate. All thoughts welcome, hopefully it's not just a dead-end idea. I have over 55% equity…
-
norwich & Peterborough approved solicitor
Hello, I have had an offer accepted on a house. The estate agent recommended 2 solicitors to act on my behalf, on account that a local solicitor would be ideal because they know the local area etc. I spoke to a solicitor recommended by my mum and he suggested using a solicitor that is approved by the mortgage lender. I…
-
Buy to let advice please
For the past year me and my husband have planned everything around buying a house this year, I even went back into employment in November to makes things easier, as I was self employed prior to that. Just when we have managed to save up a deposit and get the ball rolling, and my husband has been offered a new job, much…
-
Current deal coming to an end (Offset mortgage enquiry and some other help)
Hi, I am coming to the end of my current mortgage term with TSB Details: Mortgage 165k Value 200k LTV 82.5% Term remaining 33 years I will revert onto the 3.99% homeowners variable rate next month but wondered if anyone knew of any significantly better deals out there? I could put the LTV to 80% if it would make a…
-
Mortgage
Afternoon, Just back from HSBC Bank, have already had an DIP and have now completed the full application. Credit Check & Affordability checked out and it has been passed to the underwriters. I'm told this is normal due to me being a company director. Anyone any ideas how many people get rejected at this stage? All seems…
-
Help to Buy income limits?
My sister is looking to buy. She found an £80k new build flat that she feels she can afford, but when enquiring about Help to Buy she was told that she earns too much to qualify. The agent directed her towards a £120k house, where she would be eligible for Help to Buy instead. Apart from the obvious problem of needing 1/3…
-
MSE News: Help to Buy mortgage scheme aiding 4,000 home buyers, builders say
"An extra 4,000 people are set to buy a home following the launch of the Government's Help to Buy mortgage scheme..." Read the full story: Help to Buy mortgage scheme aiding 4,000 home buyers, builders say Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
-
Need help with sorting mortgage
We have found a house to buy but don't understand what mortgage to be looking for. We are first time buyers but the house we want to buy is split into flats we will live in the top floor flat and the other two floors we will be renting off. what type of mortgage would this be first time buyer/ buy to let? Who should I be…
-
What is the difference between a default and a late payment?
Hi, What is the difference between a default and a late payment?
-
nationwide help
Hi, I currently own a house with a joint mortgage. we have owned the house for 2 years and before this i owened a flat with a sole mortgage. I think i had the flat for 4 years. I put a very large deposit on the house close to 40% and my ex put no deposit down. This was all signed at the time too as my money. But now we are…
-
Stretched - Looking for guidance
Hello, I've read the forums for a few years but this is my first post... I would be grateful if someone could provide some advice on the best way for my partner and I to proceed financially from our current situation. I earn a basic salary of £33500 and a bonus (non-guaranteed) of £12,000, paid monthly. I have P60/payslips…
-
Mortgages and Credit Cards
Hi There, We're trying to get our ducks in a row to apply for a mortgage and I just wondered if anyone could tell me what the ideal scenario regarding credit cards is. I'm working on the basis that the less outstanding credit card debt, the better as we'll be able to borrow more money on a mortgage, but if we were to clear…
-
Probate Problem!!!!!!!
Sorry if this not in appropriate section. I have 2 Sons who have not had contact for some time. Their Father (my ex Husband) has died intestate and one of my Sons has contacted a Solicitor re Probate. He will not disclose the name of the Solicitor. As my other Son is ill and cannot advise a Solicitor on his behalf, is…
-
advice - Halifax Mortgage Application
Hello There, Need some help / advice ! I am currently applying for a mortgage with Halifax and I would like to know what would be my chances to get through. I am working with a broker who got me a DIP. After reading a few stories in the forum I understand that it is not worth much. A few information about my situation: I…
