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Precise mortgages
Hi there wondered if any one could help at all ! We had a dip beginning of march, sent all paper work off they wanted, then they turned us down on grounds of being in the overdraft and a day late payment on mortgage in January ! They have sent to come back to them in 3 months time (June) and they will look again. Since…
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Halifax 95% issues
Hi all, We got our DIP from Halifax for a 95% just over a week ago for 199k (stamp duty will be paid for by Halifax) and seen a house we loved. We put an offer in of 140k which has since been accepted. Now comes the issue, our broker who has seen our credit reports etc. has then submitted our full application today and…
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(theoretically) when would my new mortgage payment come out?
hi all current mortgage - £360 per month, leaves my account on the 1st new mortgage £600 (same provider) made up of the existing (ported) mortgage and £300 new mortgage say i complete on the 2nd May, when will my new payment come out? will i have a supersized payment in June's DD? i'm only asking cos just doing my…
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Getting a mortgage with low credit/defaults
Hello, I am new to the forum and I know that this has probably been asked lots of times but I am just looking for a bit of advice really. This is our situation: I bought property in 2010, apartment. We got married in 2012. Had baby late 2013, I was Working for an umbrella company - long term supply teaching, from November…
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Money stuck in bond - wanting to buy asap
Hi everyone, I've spent the day researching on the internet and haven't come up with much. I'm wanting to buy a property asap but my money is stuck in a bond until January 2015. How can I go about getting a loan or mortgage until I have the money available to pay it off. The house is £185,000 and I have £100,000. So need…
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Broker...............
I've never used a broker service but a lot of advice on here seems to be to engage one. What are the pros and cons and how do I go about finding one?? Thanks
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RBS and deed of postponement issues
Good afternoon everyone Just wondering if anyone has any views on our current situation as I feel just overwhelmed. Expecting my first (and only child) after IVF treatment so a miracle all round! As a result, we feel we need more space in our property and are looking to get a conservatory so thought we would remortgage.…
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Mortgage Paid Off on Move, but still taking interest
Hi Wonder if anyone can help or offer insight... Moved house on 31/3. Old Mortgage with Old house (Oneaccount), got a Final settlement figure and solicitors paid off mortgage on completion as normal... Account stayed open as a normal current account and had a positive balance following the move. Now find that the…
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mortgage chances?
I have several defaults in my credit history. I will be debt free hopefully in 6 months. This will be by way of partially settled accounts that originally defaulted in 2010 and 2011. By the time me and my partner will be looking for a mortgage, we will have around 5% deposit. Her credit is squeaky clean but mines not in…
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Helping mum with a new mortgage now she's retired?
My MiL has hit us with a bit of a bombshell - her interest only mortgage has to be paid off in a year's time, and she says she'll be £30K short. What are our options regarding a remortgage? Presumably as she's retired she will no longer be able to get one? Would it be possible for it to be our names on the mortgage rather…
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Chances of getting B2L mortgage whilst on Fixed Term Contract
So...as of the end of the this month, I will have been made redundant. Plan was to buy a B2L in October on 75% LTV. Really don't want to do 60% as with redundancy I'd have a decent amount for two B2Ls. I am going through 2 other business' payroll as an employee with a total income of £14k (£6.5k and £7.5k each) which was…
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Is my broker going slow?
Hi, I am in the process of buying a property to let out. My broker is getting the rates etc. but it seems to be taking a long time. Can anyone give me time scales I could expect from a avg. broker? I don’t know if this is normal or if he is being slow, It’s been almost 2 weeks and i still have not got the rates yet. Thanks…
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West Bromwich Building Society - are they any good?
I was looking at 5yr fixed terms and came across west bromwich bs, the rates are better than santander plus they assist with legal fees though when I called them to ask how much on legal assist fees I was told I need to have a 2hr conversation with a mortgage adviser just to get that answer which I was ready to do so they…
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MMR Afordability Percentage?
Anyone any idea of what roughly institutions think is an acceptable level of affordability by percentage of unallocated income? EG if your current financial commitments take up no more than 40% of your net income would that be considered OK?....or do they add the cost of the mortgage to your current financial commitments…
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Will we be accepted for a new mortgage?
My partner and I have a cash 15% deposit (£28,500 of a £190,000) house, but I have had a chequered financial past... a settled default which will be 6 years old in August, and a number of missed payments (about 10 in total across 3 accounts) going back between 2 and 4 years. Since then I have been squeaky clean, we have no…
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Mortgage reduction
Me and my wife are proposing to pay a lump sum towards reducing my daughter and her husbands mortgage and would like to ask should they ever divorce is there a way for my daughter to reclaim that gift, we have spoken to them both in regard to this and they are both willing to sign a declaration to the fact that if they…
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Mortgage application help
Hi, I am about to put in a mortgage application with my partner. she currently owns a shared ownership flat, and we do not need the equity from this to buy, can the mortgages overlap? we are in the process of selling the flat but the vendor for our new house wants to complete ASAP so there is likely to be a small overlap…
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Santander and electrics?
My survey has just been done and the surveyor mentioned that the old fuse box might be a problem for Santander - they could withhold part of the mortgage. He said that he wouldn't specifically mention it in his report, just say that the electrics were inkeeping with the age of the property. How likely are they to withold…
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chances of a small mortgage ?
Hi there, wonder if anyone can advise ? I am looking to sell my property, pay off my ex husband's charge and downsized but would need to borrow about 20k to add to my existing equity of approx 150k to buy somewhere suitable for my needs. The problem I have is, despite having a very high ltv I have 3 defaults on my credit…
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Help to buy percentages
How does the Help to buy percentages work out? In all the examples they show 5% from you, 20% from the Gov and then 75% from the lender. Is it correct to assume if you fronted up 10% that the Gov would then reduce their part to 15% and the lender in all scenarios provides 75%?
