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fwd planning, defaults
Hi all :money: so, just after a bit of advice really. Hubby and I are about to start our DAS (Scotland), we have taken it over 5 years but have been informed we can overpay as much as we like so get rid of it sooner. I know defaults will stay on our history for 6 years, all in we have 34k of debt with a few banks etc (this…
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Payday loans on credit file
How damaging is it to have payday loans on your credit file when applying for FTB mortgage? Always paid in full and on time but still worried. Over a year ago. Thanks
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Port my buy to let mortgage
Hi all 1.At the moment I am living in my buy to let property , I am hoping to move very soon! 9 months before my current 2 year Fixed mortgage ends. 2.If possible I would like to change it to a residential mortgage and also avoid any legal fees eg early repayment. Birmingham Midshires Buy to let Current mortgage £109k…
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going to loose house we want to buy i think
I think we are going to loose the house we have set our hearts on. the buyers pulled out of the sale of existing house and we cant seem to get a remortgage (to release deposit) on our existing house. Natwest have said No as we live in a repaired PRC house but next doors is not repaired and have been told halifax will do it…
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Stressing over Nationwide Mortgage Application!
please delete
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Should we add on to our mortgage?
Hello, We are not very clued up around mortgages so were hoping for some advice / opinions. In 2005 we brought out home under a government equity loan scheme to help first time buyers. This was a poorly publicised scheme that finished the week after we applies and were successful for it. It means essentially that the…
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a
wrong thread
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What were SVR rates pre credit crunch?
I am currently on a HSBC mortgage. Coming up to three years in. We were FTBs and after two year fix went onto the SVR. With talk and speculation about when BoE will increase interest rates, what are SVRs likely to increase to (e.g what were they when the rate was c5%) - I cant imagine they were 8 times base rate. (Although…
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Mortgage with history of bipolar
maybe inaprpriate
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Cheap way to fund property short term?
Im interested in purchasing a property I have found. This would be my second property, the first is owned out right. I would want to move in to the new property and would rent out my current one. Some background. I am about to inherit, once the estate is sorted, I will have more than sufficient funds to pay for the new…
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New employer & mortgage chances -Advice please
Hi all We've had an offer on a SO property accepted but I'm concerned I won't get the mortgage as I've just started a 'new' job. I was employed by a company for over 5 years but left in Sept 2012 for a different company but have just re-joined (beginning of November) I have a DIP from Oct 2013 based on my previous…
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Mortgage Deed?
I am using my right to buy and have received my mortgage offer from Halifax, I have instructed and solicitor and paid search fees. I have received the mortgage deed to sign and have a witness sign also. How long is it likely to take to complete from now? And can I exchange contracts and complete same day with it being a…
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Someone put my mind at rest!!
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Paying a years mortgage in advance.
Hi, asking this for my mum and dad. They have a mortgage on their house but due to my dads work can be out of the country frequently, they pay their council tax a year in advance but tonight we were thinking, can you pay the mortgage for a year in advance, ie 12x 390 payments. I would be easier for them as then they know…
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Two mortgage applications at the same time
Hi All My offer has been accepted for my dream home. I need loan of 70%, working and apparently fulfill all the requirements. I don't want to loose on this property so I dont want to leave any stone unturned. Therefore in order to maximize the chances of success, I am looking to make two simultaneous mortgage applications…
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Any chance?
Is there any lender which as standard does not require an employment contract and literally is happy with just payslips or is the clamp down on lending gone to such a stage that this is a must?
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Title deeds and old documents
I received a parcel of old documents and land register entries which relate to my property, from my conveyancing solicitor. Some of then are very old and written in old English and all look very official. My entry on the land register is just a plain printed modern document! My question is, why have they sent them to me…
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Conset to Let if not charging rent?
Hopefully a fairly straightforward question, but a search doesn't seem to have turned up anything. If I move out and let my sister live in my flat rent free do I need consent to let from my mortgage lender? It seems possible that as she wouldn't be paying rent there's no contract, hence no tenancy, hence no requirement for…
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Long term and overpay vs shorter term
Hi All, Scenario 1 - £1000 a month over a 20 year term Scenario 2 - £900 a month over a 25 year term and over pay £100 a month This may be a bit of a silly question but just want to be sure. With regards to the above scenarios is there any difference in the interest charged? The reason I ask is because I am going to apply…
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How much can I borrow?
Hi, on a salary of £22,000 as a single person does anyone know how much I can borrow & how much deposit I need for a residential mortgage? Also does it make any difference if I already have a mortgage and consent to let on a property, which pays for itself so does not affect my current income. If anything it gives me a bit…
