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Advice required, foreign national UK mortgage in child's name?
I was hoping someone may be able to help. My partner and I (uk residents) are currently not able to be granted a mortgage, however, my partner's father is a relatively wealthy foreign national willing to pay a deposit and mortgage repayments, with my partner having their name on the mortgage. Is there a scheme or plan that…
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buy to let morgage on PRC repaired house
We live in a PRC repaired house (semi detached and semi is not done as council house) and had sold it until 3 weeks ago when buyer pulled out. we are ready excchnge on one we are buying but we need to remortgage ours as we are going to let it and want to use some of the equity in it for the deposit on new one. it will…
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Unsecured Loan -> BTL/Mortgage
Hi, I have inherited a house a couple of years ago and we plan to move to the house in about 10 years when we get rid of the kids to Uni (I can always hope...). Until then, the plan is to rent out the property. Anyway, the house is in need of some serious 'modernisation' and we are looking around £50k to be spent to get it…
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Mortgage Lender which will allow 2 lodgers in 3-bedroom house?
Hi, Does anyone know of a lender which will allow the above? Have rung several but haven't found one. I think most operate on a 40% rule... Many Thanks!
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Bad credit Mortgage Application Query
Hi all. Myself & my partner are currently in the process of selling our house. The house is in my girlfriends name. We are unsure about whether I can go onto the next mortgage. I have a bad credit rating because I was stupid when younger (as you do!). My girlfriend has got excellent credit rating. I earn £32k per year, and…
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Shared Ownership scheme
Hello, Are there any other SO lenders which accept 5% deposit apart from Leeds BS & Newbury BS? Any advice will be greatly appreciated Thanks :)
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Endowment shortfall
Hi, hope someone can answer my question. we took an endowment mortgage out with Norwich through the Halifax in 1989 /1990 for our first home. We were told over and over that this was the best mortgage to have as it would be guaranteed to pay off the mortgage and give us at minimum £8000 extra. When you're young and…
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Help! 3months in arrears, wanting to remortgage :O
Hi there, ill cut to the chase. We're wanting to remortgage for debt consolidation, details as follows: Existing mortgage remaining is £107000 and we wish to borrow £120000 based on a £135000 existing property and extend the term to 25 years. Which puts us in a LTV of 89%. However due to a recent job change back in may and…
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Help needed with Mortgage application
Dear all I have recently applied for a mortgage, I am 24 years old, earn £21,000 a year and have no real debts (student debt aside). I given two principle agreements of between 92,500 and 99,750. This was in my name alone. I have since made an offer on a property and had it accepted at £150,000 and realised that as the…
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Mortgage With Credit Score of 656
Hi, I am looking to get a mortgage and have just completed a credit check. My score is 656, I earn £28000 per annum and have £800 on a credit card. I have managed to save £14000 as a deposit. What sort of Mortgage could i expect if any? Or Is my score likely to scupper my chances? I am really worried as I was looking to…
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Getting a mortgage prior to starting "new" job.
I've worked part-time for a national company for the past few years, and am looking at getting transferred to a new role, in a different area on full time hours:j Am I likely to stand any chance of getting a mortgage once my contract has been agreed but before physically moving? Ideally i'd like to be able to buy straight…
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Credit Check when moving mortgages with Nationwide
Hi, I have had a mortgage with Nationwide for 5 years and so am now on the standard variable rate. However during that time I have entered a DMP. Does anybody know whether I would be able to move to a different deal with Nationwide or would they credit check me again and refuse? Many Thanks, Simon
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Insurer Has Cancelled My Endowment 5 Years After Missed Payments!
Please please can anyone offer any help/advice. I have found out days ago that my insurer has cancelled my endowment policy (for repaying my mortgage) stating that I broke a clause in the policy 5 years ago when I missed payments. They state the policy has been allowed to run on in error and should have been cancelled in…
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Nationwide To Launch New High Tech Mortgage Service
Nationwide Building Society has announced plans to introduce a new mortgage service, delivered remotely, from over 60 branches throughout the UK by the end of Spring 2014. The innovative Cisco Remote Expert solution is a cutting edge technology which enables customers to "meet" with a mortgage consultant through a high…
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How Much Can I Borrow Calculators
When recently looking at mortgage's my wife and I have been using the online calculators for all the major lenders. Some come back with what we need, Natwest for example whereas Nationwide comes back with an offer which is £30,000 less. Is this because the calculators are pants or does this reflect what these lenders are…
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Is it too late to have an endowment investigated?
I have a low cost, low start endowment which was taken out in 1991. For reasons I won't bore you with I was dissuaded from looking into whether is was sold appropriately, but I have never been comfortable with it. Is it too late to have it investigated, and if not how do I go about it? Many thanks
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Dumb and dumber - mortgage/credit file questions
Will try to cut a long story short.. I got behind in my mortgage payments a few years back. I had left my job to retrain as a lawyer and when I finally graduated in 2010 I could not find employment for almost 1.5 years and during that 1.5 years I got behind in all my payments to creditors (NatWest professional loans/credit…
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How would bank work out my salary?
Im looking to apply for a ftb mortgage very soon with my bank (Natwest). Im a truck driver for a living and the way im paid every week is a small basic then a percentage of truck earnings. Last tax year my gross was approx 28500, this year as of last week (tax week 31) im up to approx 18500 which would give a weekly…
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What Are my Chances?
Hi All I have been trying to do my research on MSE and see if I could answer my own question but can't seem to find anything suitable. Made an application for a mortgage but the advisor stated that computer says the amount to lend is 121k but my available deposit means I need to borrow 126k. Credit check went perfectly…
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How to contact the Woolwich???
I currently have a mortgage with the Woolwich (Barclays). I really need to have a sit down meeting with their mortgage advisor as my mortgage is not in my name only and there are a few very complicated matters that need changing. I made an appointment with Barclays mortgage advisor who, although very nice could hardly help…
