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FTB Advice/Help - bank won't lend what I'd hoped
Hi, I have managed to save up a 25k deposit plus a few k to cover related fees and a bit of money for moving in. I was hoping to borrow 225k and buy a 250k house with that and my deposit (South London - 250k doesn't go very far). I went through a mortgage application with my bank (First Direct) today but they were only…
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Mortgage company wont let me pay my arrears
I have arrears on my mortgage account £2099, the Mortgage company is applying for a reposession order and I have a court date of 08.01.14 I have phoned today to pay off the arrears in full and have been told they will not accept the payment with out proof of where the money came from, not until I have sent all the evidence…
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Do any lenders actually take your Experian score into account?
Hi all, Just a quick question as per the title. We are on our second broker as the first wasn't very professional and not keen to look at the finer details before getting us a DIP without our permission or knowledge, which is not what we wanted. We have put an offer in on a house, my Husband has a CCJ registered June 2011,…
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Mortgage interest below inflation- any point in overpaying?
Canvassing for opinions here: Having recently remortgaged my interest now lies below the inflation rate (just). I have been an enthusiastic overpayer of my mortgage up till now but do wonder whether it would be wiser to invest the money otherwise (though I have been struggling to find a product that pays above my mortgage…
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"Stress testing" ???
Good morning, quick question put out to the forum if I may. 11 years left on a virgin mortgage currently at £84k, 3 years through a five year fix at 4.09% so 2 years remaining. Joint salary of just shy of 60k, no outstanding loans, credit cards, finance etc. Stable employment of over 20 plus years each, 2 children with no…
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Moving + Remortgage Woes
Finally sold our property (yay!) but already starting to get a headache when thinking about the mortgage which is currently with RBS. Summary is: - Flat Sold: £215K - Mortgage to port: £175K - Total deposit of approx £40K going down on a house worth £235K so LTV going to be around 83% I've had 3 discussions with RBS over…
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I need help getting my ex off my mortgage
I purchased my house with my ex 9 years ago. We broke up 5 years ago. She left and refused to pay the mortgage. I kept paying the full mortgage myself all this time. She has now left the country and is not contactable. Can I just get rid of her from the mortgage? I'm self employed so don't think anyone will give me a…
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quick one about interests
Hello Sorry for bothering you, just a quick one: let's say I want to take mortgage for 100k at 3%. I pay interests and mortgage over two years which means I will owe bank less than 100k as I paid interests and part of the 100k. If I remortgage at 3% will my rates be lower? do interest count from 100k minus what I paid in…
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Capital One Upgrade Credit Limit, Effect Mortgage Chances?
Hi, i've got 3 settled defaults on my file which are over 4 years old. I have since kept up all payments. I did as Martin suggests and got a capital one credit card too build my credit. They gave me a £500 limit. I have managed my credit well over time and they have sent me a letter saying that they will automatically…
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New Build Mortgage Question
If I buy a new build off plan where the developer demands a 10% deposit, can I still apply for a 95% mortgage? I only want to put 5% down. Thanks
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How long for Natwest
Just wondering with those of you who have recentley taken out a mortgage with Natwest: How long are they taking currently to process applications? Fast or Slow?
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Porting mortgage, now at uni.
* I have a 65k mortgage on a property worth 91k which I have had for over three years * no issues with payments, v. good credit rating, around 30k capital with same bank * went back to uni to study medicine this September in a different city * Is there any way I can sell my house and port my mortgage as I am now a student?…
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Declined mortgage
Hi I was talking to Barclays about a 95% mortgage with parent putting 10% into a linked savings account. All going well until they did a "soft" search and found that I was late (week or so) twice this year paying my mobile phone bill. Stupid I know, but there I am. Question is, how long will it take for those late payments…
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best 95% mortgages
Hi all Just wondering what are the best 95% mortgages for first time buyers at the moment? Thanks Vikki
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Halifax Mortgage
We have a mortgage agreed in principal with Halifax it was for 90% now they have changed there minds and only prepared to lend us 79%, they reckon its because of adverse credit because my partner has one default on his file which was paid. Because they are asking for a bigger deposit my dad is lending me the funds from a…
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Applying for mortgage...Should we close unused credit accounts?
Hi all. My wife and I currently live in a house that is mortgaged in my name only. We want to sell up and buy something more expensive in both our names. Current mortgage is £55,000 (90% LTV). The sort of house we're hoping to buy is going to be in the region of £200,000 and we're hoping to have a minimum of £50,000…
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Senior underwriter?
Applying for a 85% ltv mortgage ftb with the Leeds. AIP - okay. All documents sent - okay. Valuation - okay. Couple of weeks ago got a letter from lender asking for copy of employment contract (as I am starting a new job in Jan). Called them today to chase up mortgage offer and the lending team told me the documents are…
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endowment compensation claim
I'm pretty sure we're going to be turned down for any sort of claim but we have gone through the motions ' just in case ' our claim has been referred to the FSA as the company doesn't exist any more who dealt with our endowment - all I want to know is if they will let us know either way or if its a no will we just not hear…
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Mortgage problem with possible redundancy
Hi all, looking for some advice about my mortgage payments. I have just been told today that my company is losing two thirds of its workforce in February so I would guess I will be losing my job. I still have 26 years to run on my mortgage and am seriously worried about how I will be able to make payments. Any redundancy…
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Santander (I know, I know)...
This whole process has been long in the extreme (first phone call on the 20th November!), better be worth it in the end. On the intermediaries site the service page says "processing applications received on day x" They would have received our signed application on Friday, they've just updated my MATS page today to say it…
