-
what are my chances
49 single, £16500 income no debts looking to purchase property in the range of 80k with 15% mortgage no CCJ or arrears
-
Overpayment vs Capital Repayment
Hi We currently have a mortgage with Coventry BS. we are looking to staart paying extra as we have money left over each month. They say * Any additional payment greater than three times your monthly payment will be treated as a capital repayment. * Any additional payment less than three times your monthly payment will be…
-
Please Help me :( Married but solo mortgage
Hi everyone, Here's my situation, just got married (different names still), my credit score is excellent (940) my wife's score is poor. Considering taking a solo mortgage on my name, verifying the "credit checks" i notice a "mortgage quote" record from our bank back in july (we went there for a joint quote) which results…
-
Consent to let mortgage
We've been trying to sell our flat for the past year with no luck so are looking into renting it as we do have some money to put down on a new mortgage. HSBC, who we have our mortgage with, have said consent to let would be no problem - they'd give us permission for 12 months at which point we'd need to reapply again. Are…
-
Credit cards: should we pay off before applying for mortgage
Hi all I saw a while back in the weekly email about credit card debt and increasing mortgage affordability. We've been working our bums off to pay off our credit cards but now I'm wondering if that's the best idea. The email said its best to leave the balance at just below 50% to strike a balance between debt amount and…
-
Credit file issues - workaround?
I have an issue with my credit file at the moment, whereby there is an address linked to me that I have nothing to do with - Santander miss traced someone with the same name and date of birth as me. I have had a mortgage application rejected because of this. I have letters and emails from Santander confirming they have…
-
Just got credit reports - any chance?
Hi, I've just downloaded my credit reports for the first time with a view to applying for a mortgage in the next few weeks or months. I was wondering if anyone can tell me if what I'm hoping to do is realistic. - I am looking to borrow around £60k and will have a deposit of at least £28k (inheritance) by the time I apply.…
-
Halifax Mortgage advice
We got an AIP for 90k with a 50k deposit from the Halifax. Found a house we loved, got into a bidding war and got an AIP for 100k with a 55k deposit. We lost out on the property :( The same day we found another property, fell in love with it and offered the asking price of £124950! Went back to to Mortgage broker…
-
The future of interest rates? Can you afford it?
Being discussed here..... https://forums.moneysavingexpert.com/discussion/4797182
-
help to buy (offers on a property)
hello. I want to buy a new home using the help to buy scheme. I have found the property and put an offer in. I asked for 1K off asking price and 5K options voucher which I thought was reasonable. I think I have just about ground the sales agents down to go with this but there latest excuse is that the mortgage company…
-
Just been to view a flat..
Hi, me and my fiance have just been to view a flat (65000). We want to buy it. we have about £3500 in savings. But we were unsure on what to do next. The company that showed us around the house said wait for a phone call..is that all we have to do? Nothing seems organized Also would it be rude to ask to buy for 63000? We…
-
Using shares to reduce mortgage borrowing
I have some shares I would gladly use to finance a house purchase I am looking at, but if I sell them all I will incur 28% CGT. Is there any legitimate way I can set the shares against the mortgage and sell my allowance each year? Thanks in advance
-
New Mortgage guarantee scheme
Hi there, i'd just like to confirm as I cant find this anywhere and the people I talk to from different branches are useless and don't seem to have a clue about anything. Is the guarantee only accepted on people up to a deposit of 20%... for example if you put a 5% deposit down, will the government loan the 15% left? then…
-
Halifax demanding proof we can pay off mortgage AGAIN
Last year as we have an endowment mortgage the Halifax sent us a letter demanding proof we have plans in place to be able to meet the final repayment. we weren't happy but got everything photocopied and sent it off....well today we have received ANOTHER letter demanding proof we can pay....does anyone know if this is…
-
Mortgage Arrears & Removing my name
Hi there, I currently share a mortgage with my brother. I have not lived at this property for approx. 5 years but my name is still on the mortgage. I do not contribute financially towards the mortgage (as was agreed). He lives with his girlfriend who contributes towards paying the mortgage but her name is not attached to…
-
Sins of the past
Hiya, my wife and I are in a similar position to many people posting on here. Our credit reports were OK - mine good, her's fair. Raising a huge (by our standards) 10% deposit seemed like the biggest barrier to owning our own home. We have done so, found a house, got a DIP, made an offer, offer accepted, decision- turned…
-
over payments
hiya my mortgage is just under £300 per month. £29480 over ten years. if i pay more each month is it 10% of the monthly amount or the yearly amount or the whole. not very clued up so sorry if this seems a stupid question thanks
-
L&G Endowment red letter
Hi Latest red letter received for a policy due to mature January 2017. Normal stuff about projected shortfalls at the standard growth rates, but for the first time the following statement appears.. "There are lower rates that apply to your plan and have been displayed in the following table" Then goes on to say low rate…
-
Nationwide won't allow me to leave £1 on my mortgage
Just a heads up for anybody hoping to leave a small balance on their Nationwide mortgage after redemption for future drawdown or remortgaging - this is no longer possible. I am in the fortunate position to be able to pay off my mortgage (after much scrimping and overpaying for the last few years). Today I rang my mortgage…
-
How long till offer?
Hi, I sent off my mortgage application and it was received on the 11th September, Leeds have been asking for one document now and again, sent what they say is the last document the beginning of the week. I have already received the valuation report about two weeks ago, any ideas how much longer it will be? Starting to…
