-
affordability test tampered with
Hi every one, could I have your opinions on the following. I applied to my Bank in 2007 for a buy to let mortgage, as I am self employed the bank used my profit and loss accounts to assess affordability, my net profits were £25k however this was not enough to leave a surplus for me to cover mortgage repayments when my…
-
part rent/party buy remortgage no deposit
Ok, so probably we are totally stuck. But I am hoping MSE can help :o . My husband and I brought a part rent part buy flat in Guildford in 2005. At the time I was at uni and we didn't earn much, we needed somewhere to live. It was our only option. We got a 100% mortgage for 40% of the property approx £90k....so being skint…
-
mortgage shortfall debt
Hi Feel free to move this if it is in wrong place as I wasnt sure. A house I owned with my ex was Sold for below mortgage value leaving a shortfall of 28000. The debt has been passed to debt management services who have sent a letter requesting setting up regular repayments or to pay a lump some. I called them and they…
-
FTB Mortgage worries/queries!!
Hi, thanks for looking at my thread and hopefully someone can provide myself and my wife with some peace of mind! Here is our current situation, we are fist time buyers with a deposit of 24k and are looking at mortgages at 90% LTV. We saw our mortgage adviser at Natwest yesterday with a view to taking out a mortgage in my…
-
Stamp Duty - can I pay HMRC directly
Hello first time on this forum, apologies if this the wrong section for my question. I am a first-time buyer, just exchanged contracts. Completion is due to happen in about 3 weeks, and I am now preparing myself for the stamp duty. My solicitors have asked me to transfer the money to their account along with the SDLT form,…
-
Find property first or mortgage?
What is the generally agreed way of buying, do you find a property and then go see if you can get the loan, or see a broker first and only then go find a property? Thanks, Steve
-
Explination of Lending Criteria?
I'm trying to prepare myself as best as I can for the day I can eventually apply for a new mortgage. Hoping to be debt free in the next few months and move house summer 2015. If someone could help me understand some of the terminology it would be appreciated. Max number of defaults - GE Money have one category which states…
-
Mortgages from UK banks for Irish property
Hi, I'm interested in buying a property in Ireland. I live and work in the UK, but can't find anything on getting a mortgage for an Irish house from a UK mortgage provider. The house is €50,000. I earn £30k and live rent free with a parent. No expenses or student loans. I'm looking at borrowing £38,000 over 6-8yrs. It's…
-
nationwide remortgage / valuation
hey i want to do up my kitchen and bathroom have a lifetime tracker with nationwide, so ideally i;d like to borrow 10k off my mortgage to do the work rather than take out a personal loan. does anyone know if natiowide will want to re-value the property prior to lending out an extra 10k? thanks!
-
Nationwide BMR - stay or not?
Have been on Nationwide's BMR (2.5%) now for nearly a year, having fallen off a 5 year fixed rate last January. Just under £100k left to pay on mortgage for 18 years. I know that BMR is a cracking rate, and probably the best available anywhere at the moment, but thinking ahead, I'm wondering whether to re-fix with them…
-
IFA Confused.com
Hi How do I go about choosing an independent financial advisor? The husband has one he's always used but I'd like to see another one too to check we're getting the best deal? How on earth do I choose? Google is confusing as obv they all say how wonderful they are! Also what % of house sale is reasonable to pay for their…
-
Returned direct debit - Will this effect my application ?
Hi, We've currently got a mortgage application going through. The broker has asked for 3 months bank statements for both my husband and myself. We both a direct debit bounce back in September for a small, non- mortgage related payment. Both payments later got paid a week later. Apart from these 2 hiccups our bank…
-
dunstonh is back
Just to let you all know F4
-
Endowments - how do we know if it is on target or not?
We have 11 years left to run on our endowments (yes, we were taken in by financial advisers in 1999 and secured our first mortgage with endowment policies). To date all the letters have been green but how much faith should I have in these letters and is there any alternative way of calculating if our policies are currently…
-
Huge delay on mortgage application acceptances
I was wondering if anyone else was having the same problem... I am waiting for my mortgage application to come back from the underwriter. The survey was completed a month ago and that was all fine (I have even received a copy!). My broker has been chasing Woolwich who have now told him to stop contacting them and they will…
-
Mortgage for people with bad Credit History
Question....A friend of mine has a bad credit report with Experian, on his mortgage. He has cleared the arrears 18 months ago and has now had a clean record for 18 Months. What’s the likelihood that he will be able to get another mortgage or remortgage with the current bank? Are there any alternatives?
-
Nationwide Proof of Funds
Hi, bit of a ticky one and im not quite sure what the best route to take is here so any advice is gratefully recieved! We are currently in the process of buying a new build property which is due for completion in March 2014. We are going through an application with Nationwide and they have come back on where our deposit…
-
Help / advice needed
Hi all Things are moving along well for me, offer accepted on a house back in September, mortgage offer came through from Nationwide within around 2 weeks of fully applying via our broker. Looking to hopefully complete before Christmas. However, disaster struck late last week when my car almost blew up. It's been deemed a…
-
University blues
My daughter started uni this term. She and some friends are already thinking about accommodation for next year. On a recent visit we noticed that property prices are pretty low there and started to wonder if we could afford to buy a house for her to live in and have her friends pay rent to us. We have a balance of £60,000…
-
mortgage with late payments from 7 years ago?
Hi I hope someone can help as im losing my mind right now.... 2 years ago I messed up and got 2 months behind on my capuyal one bill and orangr bill. Both accounts were brought upto date within 2 or 3 months and haveremained open ever since. Now we are hoping to buy in the next 4 years or so which would mean these late…
