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Question about getting a mortgage
Me and my wife have been renting for the past few years. We have around 15-20k for a deposit. Just wondering what are the chance of getting a mortgage with around 4k on a interest free credit card and around 6k on car finance. combined wage is about 40k. Place we are after is around 125k. Thanks in advance
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Unmarried Couple - Application & Payment Source & Worry!
Hi All, First of all here are the relevant facts: Me and my partner are an unmarried couple. Me and my partner have had an offer accepted on a house which we will buy together. My partner has a larger deposit, and currently has a mortgage which will be paid off with previous sale and we will apply for a joint mortgage…
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Court Summons - Will it affect future judgements?
Hello all, Due to a bit of major disorganisation, we have ended up with a Summon for Non-Payment of Council Tax. Panciking immediately and being fortunate enough to have some savings, I have just rung them to pay off the full amount, meaning that we do not have to appear in court and don't owe them anymore (well, until…
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Buying parents' house
My folks are retirement age, though dad is still working, and they have £80k left on an interest-only mortgage with around five years left to run. They will have a very limited income when he does retire. They are very stressed and embarrassed, and have assumed they will need to sell and go into rented accommodation. I am…
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Halifax brick wall
Hi All, (newbie) I am hoping that some kind person can advise me on the best course of action when dealing with The Halifax. I'll explain best I can. Got small endowment mortgage(1987) and small repayment mortgage(2004). 2004 received letter about endowment shortfall. Went to Fax branch and instructed them to reduce the…
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Mortgage Application - Halifax
For anyone that could kindly help... Myself and partner are into the process of mortgage application through a mortgage broker dealing with Halifax. So far we have: - been given a decision in principal - been told by mortgage broker the ''application'' has been submitted (20th June) - received KFI documents - valuation has…
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Development Mortgage
Hi, posting for the first time, hopefully somebody can give me some guidance? Looking for funding options please. I wish to purchase a property for redevelopment, with a view to selling on and not letting . (Already have buy to let, with no spare equity to borrow on). I wish to purchase a property for £250,000 and have…
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Absolutely shaking with anger! Please help! Reserved house, and they sold it!!!
So I have tried to buy a new build property under the help to buy scheme, I went with a horrendous mortgage broker which were dreadful. I couldn't get me a mortgage, ok fine. They then went back to the builder and told them that I have been declined and to put the house back on the market. WITHOUT TELLING ME THEY WERE…
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Husbands mortgage declined due to my DMP - help please!
Hi all, I'm a newby to the site, but I hope that someone will be able to offer some sage words of wisdom. My husband is currently on an endowment mortgage with 11 years left to run on it. After receiving letters from the endowment company his policy remains on amber alert to have a significant shortfall. We know this has…
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Joint Employed & Self Employed Mortgage App
Hi MSE Forumers... This is my 'maiden' post - I just want to get some advice on mortgages if anyone can help? I am 25 years old and employed on a £30k salary. I bought a 40% share in a £245,000 property in May 2011 (on my own) but my partner and I would like to buy the remaining 60% share together (as a joint application.)…
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Contractor Second 'Holiday Home' Mortgage
Hi, Just looking for some guidance regarding the possibilities of obtaining a second mortgage if I may... First the background... I've been living in my current flat in England for 5 years with a mortgage of £105k with 5% deposit and am now considering buying a place in Scotland, where my partner is from. Both the…
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Moving Home and Job
Hi, I've been in full time employment for 8 years with the same company, but I recently accepted a position with a new firm in a new area so I need to move. This new firm insists on hiring people through an agency for 3 months, so I have received a contract stating that I will be employed for 14 weeks prior to permanent…
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2 yr fixed rate coming to an end - Santander
Hello I am new to these forums to firstly hello to you all! We currently have a mortgage with Santander with a fixed rate of 5.89% which is due to end beginning of November. Currently we are set to then move onto their SVR of 4.74% which obviously, would be less monthly than what we are paying now however I would like a…
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Salary Scarifice
I have a Salary Scarfice arrangement for my car. This payment comes directly from my Salary before tax/ni. My gross Salary on my wage slips is £30,000. My employer confims my salary as £30,000. My P60 shows last years salary as £27,500 (minus the SS element) Which salary do I use for a mortgage application? Gross or…
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Referred AIP And Putting In Offers
Hi all, Six months we applied for a remortgage with Woolwich through a broker which was initially referred but the mortgage was eventually signed off after being underwritten. We never went through with the remortgage as we decided to sell. Fast forward six months to now and we again applied to the Woolwich for the AIP…
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Question about mortgage credit checks
Were about 1 week away from exchange. Since being accepted for a mortgage we have applied for a 0% credit card and used it to pay for fees and buy furniture. Looking on the internet I have heard that mortgage companies credit check you again after exchange. If this is true, whats the possibility of the offer being…
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Remortgaing from NR "Together" mortgage
Is it possible? I bought my house in 2007 (a couple of months before prices started going down lol) and paid £125,000 for it but took out a loan to go with it The balance of my mortgage and loan is now £125,000 which equates to (roughly) £113,000 of mortgage and £12,000 of loan. I'm on the NRAM SVR. My (recently valued by…
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Question about BTL Mortgage
Hi. I'm hoping that someone with a bit more knowledge than I could help me answer a few questions. Situation is as follows. I currently own 2 flats in London, both mortgage-free. I live in one which is worth around £450,000 and let out the other which is worth around £275,000. My rental income is currently £1,200 per month…
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Any lenders less likely to place a retention?
I have an appointment to view a property on Sat. It looks amazing - it's on the market for offers around £295,000 the estate agent told me he thought it needed around £200,000 of work to completely restore it and though it is habitable he thought the bank would place a 'massive' retention on it. I was so shocked I didn't…
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Endowment miss-sell offer
I have been awarded an offer because of miss-sell, no fortune but ok-ish. I had one original policy for my first house(they say I'm too late to claim on that one-started in 1991) The offer was for the top up endowment for my next house. Question 1. Should I except the offer given or is this just hoping I except without…
