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I have just lost my job and for the first time im on benefits but this doesnt cover m
I have just lost my job and for the first time im on benefits but this doesnt cover my mortgage my mortgage was taken as soon as the benefit hit my account which has taken all the money in my account and had left me over my overdraft.. this was two weeks ago since then i have had no money and with two young children I am…
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Does a decision in principle actually mean anything?
Hi all, I applied for a mortgage on a shared ownership house a few weeks ago. I got in touch with an IFA who works very closely with sovereign and ticks all the boxes for this kind of mortgage. After a credit check I received a decision in principle from Halifax for £99000.00 so my mortgage request for £25000.00 was well…
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Mortgage and late payments
I know this question has been asked before but there doesn't seem to be a one size fits all answer, so I'm going to ask again and thank you in advance for your patience! Right first question is a late payment the same as a default? Probably a very simple one, but the terminology seems interchangeable and I just want to be…
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FTB Overdraft Query
Hi all i know this is probably a tedious question regarding an overdraft. My partner and i are in the process of buying our first home and i have an agreed overdraft of £1200 which i use to the fullest amount. I have significantly reduced this from £3000 over the past 6 months. When i get paid my account is back in the…
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Four Weekly Mortgage Payments
Are there any lenders who allow a mortgage to be paid four weekly rather than monthly ? I am four weekly paid, and while not having to pay my mortgage on one pay day a year is nice I sometimes think I would benefit from a lower payment every four weeks, and of course if interest was charged daily I would save a little bit.…
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Remortgage and change of name
I wonder whether anyone can help me with my questions. I am currently preparing the documents for my remortgage with Lloyds TSB. My current deal with Santander will expire in early August (3rd Aug) and I am hoping to start the new deal with Lloyds straight after the expiry date. The mortgage advisor at Lloyds said that it…
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No bank account - mortgage chances?
Hello I want to apply for a 95% mortgage but all my credit files do not show my bank account because I opened it in 2001. Will this harm my chances of getting a mortgage? Should I open another bank account so that one will show up on my credit file? My Equifax score is currently showing as 'poor' but I think this is…
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default on credit rating can i get a mortgage
is there a way of obtaining a mortgage with a default showing on my credit score ?
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Family gifted deposit
Hello all, I'm new here, and I hoping someone can help. Basically, I'm a FTB and my family are looking to help me with my deposit. I have saved up 40% and a close family friend has said they will lend me the other 60% for my deposit. They have offered very generous pay back terms. I know mortgage lenders will not like…
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Nationwide 'switch and fix' could save existing customers big money!
I took out a 5-year Nationwide mortgage last year with a 4.79% interest rate as I only had a small deposit at the time. I since made some overpayments and was surprised to learn that Nationwide would let me change to a 2.74% 2 year fixed mortgage with no fee! So if you can afford to make overpayments to reduce your Loan to…
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Lloyds TSB mortgage?
Is anyone here a mortgage customer with Lloyds TSB? A couple of current deals look interesting, and I'm wondering if anyone has experience to share about Lloyds TSB as a mortgage provider. My current account is with Lloyds, which means a few additional perks, but mostly the rates just look fairly decent (although set up…
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Overpayments and reducing term of mortgage
Can anyone explain how mortgage overpayments work? I called my mortgage company today to ask how long I had left on my mortgage (needing to review mortgage payment protection insurance etc) to be told that all my overpayments were now listed as a credit on the mortgage account and the term remained the same. So having…
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Mortgage advice
Hi My partner and I have inherited £100,00 and want to use it to purchase our first home together. We found a house for £167,500 and began searching for a mortgage for the remaining £67,500. My partner is in full time employment with a basic yearly salary of £19,000 plus bonuses which vary throughout the year. For example,…
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Intreast only repayment
I have just received another letter from M/C asking for evidence that I can repay my mortgage at end of term in 2 years time. We have payed some off over the years to cover a predicted short full. The insurance company have stated that they would cover 4 thousand short full, if they were able too in another paragraph. The…
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Remortgage Queries
My other half and I are about to take out a joint mortgage. She had an issue with a default several years ago due to a mobile phone being stolen and a big bill being run up whilst she was at university. Despite multiple attempts to get this removed from credit record it wasn't possible. After discussion with some mortgage…
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Effect of adding product fee to mortgage
Been researching my mortgage options and was wondering whether there was any site or simple maths formula anyone knows of that I could use to see what impact adding the mortgage product fee to my mortgage would have on my monthly payments? Thanks
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Re-mortgaging options with dmp
Im trying to find out th options available with regards to remortgaging my house on a buy to let basis, the snags are i am on a debt management plan with stepchange and i have 2 defauts on my credit file from 2011, my credit score is 999 out of 1000! Brum mdshires dont do new products to exsisiting or new customrs so thats…
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Natwest and credit rating agencies
Hello there Myself and partner are looking to apply for a mortgage mid-next year as part of Help to Buy - so a 5% deposit of our own. We are aiming for a property between £250-300k. I have been checking my credit files and Natwest are not sharing my current account with the agencies (it was opened in 2001). Is there any…
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Possible FTB ramble & should he take out a credit card?
My husband and I decided this weekend to go down the route of buying a house. Due to my previous debts and me now working on an ad hoc freelance basis we are opting to just apply in his name. We aren't looking for a big place somewhere in the region of £80k and the in laws are offering to give us a £10k deposit and we…
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Nationwide Save to Buy (Again!)
Hi, i seem to find a lot of info on here about these nationwide save to buys but cant answer my question! My wife (23 Yrs Old) and i (29) have had a save to buy account open since Jan this year and have £11k in it upto now. We are hoping to get a 95% LTV on a property around £180k with a combined income of 55k. We have…
