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Mortgage Application.
Hi All, i asked on here the other day about paying out valuation fees and solicitors fees before i had got my mortgage offer from the halifax, and was thankful on the advice i got. I spoke to my broker about the valuation fee £280 going ahead on the 23rd saying i would lose the money if i get declined the mortgage to which…
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Renewing mortgage in principle
I am looking to buy a house nshortley and thought it would be ideal to renew my mortgage in principle as it has expired due to being 90 days since I took it out. A few changes. Should I declare them. I have a 5k credit card on intrerest free. But I can pay it off tomorrow if I feel it would reduce my mortgage. My wife is 8…
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What are classed as defaults?
My husband and I are looking to buy a property in the near future. We earn around £85000 pa between us, we have no loans or hp agreements but do have credit cards (£15000 between us) and agreed overdrafts. Neither of us have any ccjs and have never got into any arrears as such with credit card payments. My husband has…
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Repo Shortfall
Sorry if this is in the wrong thread! House keys were handed back to bank Sept 2013, after divorce and I couldn't afford to keep mortgage on my own, ( 2 kids aged 3 and 8). House sold last month leaving shortfall of 29k between me and ex. Bank passed debt to Enact, who have sent a letter asking for financial statement, and…
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New mortgage if have had arrears
My situation is that my ex has left me with a mortgage payment which is about 4 times what I can afford. Originally he was paying me something towards the payments, but long story short he stopped and I am now in arrears, I have kept the mortgage company informed and it has all been with their agreement up till this month.…
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What to Do Next
Hi, Would appreciate any advice as I am really worried about what to do next. My 5 yr fixed rate mortgage with Britannia ends next month and they say the new rate will be 4.74%(variable). Balance is about £20,000 with 4 yrs left, so I don't know if I can remortgage with another lender for this amount - or if it is worth…
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MMR Pointless Excercise?
Will any financial body in the UK actually say "you can afford a mortgage now but if rates were to rise by 3% we believe you wouldn't be able to afford one and on that basis we will not be lending to you"? I just don't think so. Most institutions questioned seem to indicate they are already using MMR in their calculations…
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Right To Buy - Guarantor Mortgage Options
Hi I have some very close family members who wish to buy their council flat under the Right To Buy scheme (England). As they have lived at the property in London for over 25 years, they should be entitled to a 50% discount. The family members are mother and daughter; daughter working full time and mother…
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borrowing on mortgage for new car
Hi all. im due to re-mortgage this nov(2014) after being on a fixed 3yr term. ive £40k left on 17 yrs...house is worth approx £ 225k...we pay £275 a month repayment which we can meet quite comfortably...What we are wondering is would it make any sense to borrow an extra £8-£10k to upgrade our car....We have plenty of…
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Advice please with interest only part of mortgage
Hi all, I would really appreciate it if those of you with your great knowledge could answer some questions for me. I apologise in advance if these are daft questions :o My husband and I originally had an interest only mortgage (endowment) with the Halifax then remortgage some years ago with Natwest. We now have two…
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privacy
Just out of curiosity, if you want to take out a mortgage which is the same company that you bank with; do they have access to, and can they look at your future expenditure by looking at what leaves your account, AFTER YOU HAVE ALREADY GONE THROUGH THE COMPULSORY 3 MONTHS STATEMENTS THAT THEY NEED TO SEE DURING THE…
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Buy to Let
Hi, Does anyone have recent first hand experience with this? I am interested in putting toe I market. What is the 'least amount' I have to out down as a deposit? Are there any 90% deals out there? Most I have seen are asking for over 25% which puts me out of the frame. Any pitfalls I should be aware of?
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Mortgage with deposit from inheritance
Hi All, I think this is the right forum, If I'm off kilter let us know and I'll remove and repost elsewhere. Following a recent bereavement I've found myself in a bit of a pickle. Essentially, following a "Sale day" in a few months time the house I've been living in for the past decade will be sold and I have no close…
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Mortgages for students
Just wondering about whether anyone has info about getting a mortgage as a student? Partner works full time with an above average wage. What would be the chances of us getting a mortgage with a 15% deposit? Any advice would be appreciated! Matt.
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Mortgage & defaults
Hi, First off sorry if this question has been asked a million times. I'd like to know if anybody has managed to get a mortgage with defaults on their credit file. I have been told I'd stand more chance getting a mortgage through a broker with defaults on my credit file is this correct? Look forward to reading the replies!…
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mortgage and reposession threat
hi guys anyone got any tips. in short three years ago 4 payments were missed, due to redundancy, on an interest only mortgage thats been payed for 10 years so far. mortgage company add £50 on a month in interest for these payments ive missed.mortgage company last year stated they would start repossession if i did not begin…
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Natwest Intention To Lends
Dear Money Savers, Me and my partner have found a property we like and are going to put an offer in for it. We are first time buyers. So far we have had a preliminary chat with a estate agent mortgage broker and also when I was online a few weeks ago I found out that Natwest did what was called an intention to lend, which…
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Mortgage Advisor thinks I'm silly for worrying but am I??
Hello everyone, thanks in advance for your advice. I currently have a Santander mortgage for 323k with a term of 33 years (31.5 remaining). It was at 85% LTV. Due to a change in family circumstances I need to move to another location. My mortgage has a portable rate should I still meet their lending criteria.. New house is…
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Help to buy with small default
Does anybody know if we would be accepted for the help to buy mortgage guarantee with a small default? It is over 3 years old for £160 with a mobile phone company. It's on my husbands credit file. My credit file is spotless. Thanks in advance.
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Should I put extra 15k on mortgage to cover personal loan?
edited hostie x
