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First Time Mortgage - Credit Advice
Hi, I'm at the stage now where I have saved a 20% deposit and have enough extra to cover (from what I've estimated) fee's, stamp duty etc. My question is with regards to some credit that I have. I have a credit card, a car hire agreement and a student loan. The credit card isn't an issue as it's only got a small amount on…
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left house and no forwarding address
i recently sent my keys back to lender and moved house how long before they catch up with me and will they also chase my ex ?
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Will we get a mortgage?
Hi All Me and my wife are expecting our first child early next year. As a result, we need to move to a bigger property. We purchased our first home 6 years ago on an interest only mortgage. Our house is worth roughly what we paid, maybe a little extra but not by much. I would much prefer to buy our next house rather than…
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Revised Offer - anyone with ideas ?
Hello everyone I need assistance withinformation regarding revised offer process please. I have a loan offer from Natwest for aproperty which the vendor pulled out at the last minute for reasons best known to him. NatWest has said that’s no problem and Ican transfer the offer to a new property ( subject to valuation) as…
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Buy to Let Mortgage advice
On my own mortgage on the family home the LTV is about 60%. I'm looking at getting a BtL mortgage on a second home, how much deposit would I need to stump up?
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credit file affected..if sell up and start again
how quickly can you buy a house again if you clear all your debts? thanks
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Mortgage offer requires payment of credit card we don't have?!
Hi all, got a slightly weird question for you! In process of buying a house, FTB, all seems to be going OK. We initially had a mortgage offer from the Coventry through our broker but having secured a greater deposit than we had initially thought we could, we applied for and have received a second offer from Nationwide - at…
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Mortgage interest rate v admin fee
Hi, my wife and I are first time buyers and we're trying to work out what the best mortgage is for us. The top mortgage fix in the weekly email is just 1.48% with a £2494 admin fee, but many mortgages have a much lower fee but the interest rate is higher. Is there some kind of formula to work out which is best? I'm…
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How to thank my IFA?
Ok a little off topic,bit different maybe and off track maybe but a subject worth visiting in view of how much money saved over the years and time invested by my IFA.. A great man and forever on hand to offer advice ..so how do I best thank him for his efforts?We've not exactly been the easiest of clients too!:beer: "The…
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Salary V Affordability
Im just wondering if anyone can advise if mortgage lenders look at just the face value of the salary amount rather than the monthly outgoings also? At present Im working in a lowish paid job but am due a small pay rise shortly. At present I work close to home and I walk to work, therefore my outgoings are nil in this…
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I have missed 7 payments can i get a mortgage ?
I have 7 missed payments on 3 different accounts in 2011, Two of them being 3 months Late. It was just because of my own stupidity and laziness, they late payments were such as £12 pound which went upto 52 and the other account was of a smiler sort (less than 100). and one payment for 75 late. Actually I was into my final…
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Valuation Delay
Hi I have just received an email from my ifa to state the following from the Halifax: "We have received notification that the valuation inspection on the property for the above mortgage application has been delayed We will email you again once the valuer has been able to rearrange the appointment." I am unable to get in…
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Do i qualify for Januarys Mortgage Guarantee Scheme?
Hi, I have a house which I rent out and intend to keep, I am now looking for another dwelling to reside in. I initially thought I would not qualify for the scheme. (which may still be the case) Having just stumbled across the Help to buy website it says; The property is to be your only residence anywhere in the world (you…
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Will we get the mortgage we need?
Our offer on our dream house at been accepted at £173000 and we have a deposit of between £40,000-£50,000. My boyfriend takes home £26,000 but should be getting a payrise in october. I'm employed on a part time basis at the moment but am effectively doubling my wages with overtime. However, the 3 month temporary contract I…
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Getting a mortgage without title?
Hi Hopefully I'll explain this as best as I can. My In-Laws have a barn. They've offered this to us to convert. We have £60k to invest oursleves, the conversion is estimated to cost c£185k in total so on this basis we're looking to borrow say £125k. I'm not sure how this works. Do we need to find a stage payment lender for…
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FCA and independant financial advisors
Hi:eek: A friend is having difficulties with an "independent" financial advisor. After gaining a print off of the mortgage costs and telling them personnel information. I made enquires through the FSA and found that the " independent " financial advisor, was not personally registered with the FCA. I enquired further with…
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Help to buy - newbuild eligibility criteria
I have just been told that in order to be eligible for this scheme the total purchase price must not exceed 4.5X total income which seems reasonable. However, this cannot include any income from either child tax credit or child benefit, though can include working tax credit. Does anyone know if this is actually correct?…
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Mortgage Guarantee Scheme / First Time Buyer Options
Hi there, after years of renting, my family and I are inlooking to be in a position whereby we should be able to buy our own place soon– and we’re very excited. We’re targeting H1 of 2014, but trying to get theremaining cogs in place. We’d been eyeing up the new home equity loan scheme, but Ihave to say – I’m not all that…
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Mortgage Rescue Scheme -anyone done this?
Hi, money savers! We are in a situation where we may lose our home since I had to leave work 2 years ago due to my disability. We are surviving on my husband's wage and have three children. We took out our mortgage 10 years ago when I was healthy and both worked full-time. The last two years have been a massive struggle…
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Interest due between completion and first payment
FTB here hoping someone can advise! My OH and I are heading towards exchange of contracts and want to make sure we know exactly what amount of money will be due and when. The mortgage advisor at Nationwide mentioned that we would be due to pay interest from the date of completion, up until the date of the first mortgage…
