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remortgage question
Been lurking on here for a while, and just wanted some advice please! We are 20 months off being mortgage free! :beer: If we wanted to buy another property...will it be easier for us to get another mortgage if we remortgage before paying off this one, using the equity from the house as deposit, thus setting us back, or…
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Is this a good sign?
Hi Everyone, I have applied for mortgage with Progressive building society and they have sent in letters to my employer to confirm salary etc. Is this a good sign?
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imagination exercise
Hi guys, I am in a bit of a dilemma. help! background: Single. 90k/year. 35 years old. I have a mortgage of 60% LTV (aprox. 120k). Value of the house 190k proposition: I need 25k-50k for a business venture. ideas: 1. remotgage to 80%; bank-money=34k; the same 2,99% as it is now. 2. remortgage to 90%;bank-money=52k; 3,99%…
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Overpaying your mortgage. Pifall to be aware ?
Dear All I have some cash available in ISA which from November 1, 2013 will just earn 2.0% interest. My mortgage interest is currently 2.59%. From what I have read the ISA interest rate will unlikely to be greatly improved in the next few years. Due to this I am thinking of withdrawing the ISA and then overpaying my…
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mortgage application help??
I went to see a mortgage adviser at the bank this morning, me and my mum are buying a house to get me on the property ladder as she now owns her house out-right My side of the application as fine and we have 20% deposit, which they were fine with. BUT, my mum had a CCJ against her aboout 12 or 13 years ago, to which they…
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Staircasing to 100% - some advice needed
Hello Everyone, Im hoping you can help. Back in feb I had managed to buy my first house. The house was bought through Jephsons housing association. I had bought a 25% share in the house. The house was valued at £152k but due to its popularity (6 offers in 2 days) we decided to pay a little more. Our offer was £38,250 which…
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Is an Agreement in Principle a good thing?
Hi all Looking at buying a new house with partner. I have previously been refused for a relatively small loan and so went to speak to the bank the other day. Whilst there they gave me a letter of 'agreement in principle' for a mortgage for the amount we need - is this a good thing i.e I don't need to worry about being…
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90% Mortgages
Hi, Just wondered if anyone could advise if there are any 90% mortgages oout there when you have late payment & 1 default on your file. We are well within the affordability & other than the above have no other adverse debt/credit. Late Payments are over 6 months old & default is with Vodaphone after 3 late payments becuase…
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Should I apply again.....
Hi all, I know it's difficult to give accurate advise on here, but general question. We have applied to natwest for a mortgage help to buy on a new build. We both work, good credit etc but the application was rejected. Our financial advisor is going to hopefully establish exactly the reason why but seems to think that it's…
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Getting a Mortgage with a Defaults
Apologies if this is in the wrong thread. Just a quick one... Can anyone tell me the likelihood of getting a mortgage if myself and my wife have defaults on out credit record? My default is from 2009 for around £600 but my wife's is as recent as 6 months ago for around £350. Both were recently settled but I cant help but…
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Mortgage chances?
Hi Hope someone can give me a bit of advice I'm worrying myself sick over this!! Basically hubby and I have a mortgage just under £25000 left on it. We are looking to buy a bigger house and have looked into part exchanging on a new development up the road. The house we own now hopefully should sell for £125000 leaving us…
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Advice needed - mortgage options 90%
Hello My husband and I have just had an offer accepted on a house and so we are beginning the search for a mortgage. We are second time buyers - currently living with parents and have combined earnings of around £50k and are managing to save around £2k a month. We are looking for a 90% Ltv with around 30% of deposit being…
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FTB - Should we go to a Mortgage Advisor?
Hi there, First post (or one of the first and definitely first in a very long while) so apologies if I'm posting out of turn. My wife and I are looking to soon start looking for a property, so we're not barking up the wrong tree with values we'll be looking at (I don't tend to trust the online calculators). I'm arranging…
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Mortgage Potential
Hey there, I'm 25 and living in Gibraltar - Currently a customer with Norwhich and Peterborough. I earn £23,000 before tax and have an annaul bonus of between £3,000 - £5,000 although I realise that because this varies and isn't gaurenteed that I can't really consider it when stating income. I've had a 'chequered' banking…
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Overpayments
I have a very quick and (hopefully) simple question. I have a mortgage with the Nationwide and have a tracker product whereby I can make unlimited overpayments. However when you go into the overpayment section it gives me a choice of what I would like to do if I make overpayments - choices are to a) reduce monthly payment…
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Changing the date of the Direct Debit (Halifax)
Has anyone recently changed the date of the DD for their mortgage payment with Halifax? Is it easy enough to do? We currently pay the mortgage on the 2nd but need to move it to the 15th due to a change in paydays and I'm hoping it's not too big a deal to do. Any advice welcome, thanks.
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Mortgage and paying off credit card debt on completion
I am hoping for some advice please. We have just accepted an asking price offer on our house which will leave us with a deposit of £122,000. As a result of home improvements etc we have a lot of credit card debt (£46,000 in total between us) so of course we intend to use just under half the proceeds of our house sale to…
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Can my mortgage offer be declined after it has been accepted in branch ?
Help, I recently completed a new help to buy mortgage application with rbs in a branch and it was accepted. I signed the direct debit for the mortgage payments and they gave me a signed letter confirming they are ready to agree the mortgage and the agreement is simply subject to a valuation of the property. And provided my…
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Hit a Brick Wall Re-Mortgage anyone help?
We have the chance to buy our council house, Its valued at £110000 but with discount we get it for £44000 Downside, My husband has a CCJ from 2008 Ive 4 Defaults on my file from 2008/2009 can anyone help????
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Buying My Parents House To Help Them Out
I hope I will be able to get some advice on how I can help my parents keep their home. They are coming up to the end of their interest only mortgage with no savings to pay it off. As I will be inheriting the house it was always the intention that I would buy the house at the outstanding amount if I was in a position to do…
