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Can I get a mortgage???
Hi when I was younger I got into lots of debt totaling £9000 I managed to get a ccj and a few defaults on my file. I have now paid them all off in full apart from welcome finance which I offered £2000instead of paying £4800 to them my latest default was early 2012. I now have a good job where I earn £44000 a year and my…
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Help to Buy, negative equity & repossessions - do you still owe money?
Hi all, There's something I'm unsure about that I'd like clarification about. Under the Help to Buy scheme, you need a 5% deposit and the government guarantees another 15% (or is it 20% - websites vary on this?) If there is a massive crash in the housing market, you could easily get into a situation where the 95% owed is…
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Help first time buyer in default misery!
Evening all I have been paying debt off for 5 plus years now after making some wrong decisions when I was younger (I'm now 28). I now have an excellent credit rating but am aware this doesn't account for much. I have recently applied for a mortgage with my partner who has a clean credit rating and were told that I couldn't…
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Consolidation on to new mortgage
Advice needed: I bought my first house almost 2 years ago, my fixed rate mortgage is up in April. Since doing work etc to the house it has increased in value from £70k to £90k. I took out a loan and have spent on credit cards which has put a huge strain on my finances to get the house completed. (Being a novice)What is the…
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Joint mortgage
Hi I am new to this forum but I really need some advice. I have a large amount of unpaid credit card debts which I am currently paying off at small amounts each month. I am at home looking after our children so I do not work at the moment. My problem is we are moving house soon. My husband has the mortgage in his name only…
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Silly Question
Had our mortgage offer and got a email from solicitor with a mortgage deed form we had to sign and get witnessed. Whats this for? x
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Does this sound like it's near exchange/completion?
Hi all. I put in an offer 5 weeks ago which was accepted, the only thing that's happened in that time is receiving my mortgage offer. I received this email today, does this sound it's near the end? 'The pack from the vendors solicitors arrived on Friday and I am working on the file as we speak. Searches have gone off so…
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Remortgage with a Port?
Hi all, Been trying to get my head round something but not quite managing it on my own :) Bought our first house just over 2 years ago with a 2 year fix. Moved to a more expensive property 6 months ago and ported that mortgage across and gained a secondary mortgage with its' own 2 year fix. Cut to now, our ported mortgage…
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Payment holiday, interest only. term extension or remortgage?
What's best? I need to realign our family finances. We have crippling amounts of debt and income has dropped. Its beginning to impact on our children and our health and we need to act. Our mortgage is our biggest outgoing. Takes over a third of our income. My question is what is our best option? A mortgage holiday for a…
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mortgage endowment
my endowment is due to mature on the 1st of January it looks like it will be short not by much can I just get a loan to pay the shortfall and then the house will be mine or do I have to pay it off right away. I don't want to use my savings if I can help it
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Credit scoring
Hi, I've just had a mortgage application rejected by Nat West at the credit scoring stage, and am thinking about my options. My salary is £32k and I was looking at buying at £110k with a 5% deposit. I have roughly £5000 outstanding on a credit card and my credit file shows three late payments from 2-3 years ago. Does…
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Value of house for remortgage
Evening all Few months time my 2 year fixed is up and looking to remortgage. I bought the house for 300k but it was valued at 350k and the previous owners just kept dropping the price to get a sale. Since buying the house I have made massive improvements inside and out but am not sure what it will be worth as I want to…
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existing customer switching to a new deal
My 2-yr fixed rate is coming to an end early 2014 and I'm planning on staying with Halifax, considering another 2-yr deal at 2.64% or 3.14%, depending on valuation I guess. LTV is 75-80%. Term: 23 years remaining. Can I also reduce the amortization period at the time of the switch? say from 23 to 20 years? Or anytime after…
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Repay the mortgage completely or leave it outstanding with a small amount??
Hi all, I was wondering what are the benefits of repaying the mortgage completely (assuming that there is enough money to do that) vs. leaving it with the small outstanding amount. It is a bit early question in my situation, but always good to know in advance. Pros and cons from my understanding so far Pros of leaving a…
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Concern about application for RBS Help To Buy Mortgage
Hiya, My husband and I are currently in the process of buying the house we are renting from the Landlord - it isn't ideal but only way we'll ever get on the ladder in the area we live. Some basics - Property - £241,650 Deposit - Just over 5% (and enough contingency for fees etc) My salary - £40k pa Husbands salary - £60k…
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25 yr old Scottish Amicable With Profits Endownment
Hi, Just a heads up for any of you who have a the above maturing soon. I received a letter from the Pru today giving me my shortfall on my with profits endownment which is up 2nd Dec 2013. it would appear that I have a £9k shortfall on my policy (£49k death benefit) which is a surprise based on some of the comments I read…
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Small but complex mortgage
My father and I own his home as joint tenants (not tenants in common). He has just gone into a nursing home suffering from dementia. In the opinion of his doctors (and me) he has lost capacity. He didn't want to put a power of attorney in place and I will now need to apply for a deputyship at the Court of Protection. I am…
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Credit card balance to declare when you pay in full
Just a query on what I should put on the outgoing part of the form regarding paying off credit card balances. I have always paid off in full every month since I can remember. When speaking to an adviser she said that means I have a balance of zero. However my credit check shows I have a balance of circa 700 a month as…
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Poor credit married to good credit and applying for a mortgage
Hi, I thought I would check my credit score prior to mortgage application and was shocked to see a poor credit score. It turns out Virgin have posted an arrears for 2 months about 14 months ago when I moved house and cancelled my contract with them. This was settled and they said it wouldnt go on my record (over the…
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Remortgaging
Having resolved a separation dispute with an ex I'm now ready to remortgage to fixed rate as house is in my own name and borrow a little to pay for home improvements I've made on my credit card....been to see two lenders so far and have been out within 5mins so losing the will.... Nationwide - won't lend/look at lending…
