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Has your lender contacted you recently about your interest only mortgage?
Hi all Last year the financial regulator asked lenders to contact anyone with an interest only mortgage due to end before 2020 to suggest they check things were on track for a full repayment. I'd be interested in your views on the following so I can let the FCA know if the information was useful: Did your lender send you a…
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Experian and electoral roll
Experian don't have us on the electoral roll but we are. Can anyone help by telling me the quickest way to get this mistake sorted please? So far we've called experian and they are going to look into it but it could take "a while" We're applying for a mortgage and were declined on the credit report -this is the only issue…
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Mortgage For Older Folk
Hi all, I'm about to leave HM Forces and will be looking to get a mortgage. I'm 48 years old. I haven't got a clue what to go for, or even if I can get one. After I've paid off all my debts, I reckon I'll have around £20K as a deposit. I reckon on £3k a month (net) with my new job including pension. I think I'm going to…
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a crazy and dangerous debt scenario?
Hi I'm a newbie on here - been looking for any similar situations, but couldn't see this, so hope one of you experts out there can help. We had sold our house, but the buyer is not proceedable. We don't want to lose the house that we love (ideal location, great project potential - the forever home!!) so have talked with…
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First Mortgage Payment
When everything is complete and deposit has been transferred, when is the first date for the mortgage payment roughly? So say you complete and exchange on May 26th for example, could you then set it up so that the first mortgage payment comes out June 24th?
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Paying odd mortgage....
I received a lump sum when I got diagnosed with a lifelong progressive illness. Thing is I paid it off too eagerly and subsequently I had to pay an early redemption fee. My mortgage rate dropped dramatically to less than a tenner, so I increased my payments to under 100 quid and should have my mortgage paid off in around a…
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Firstdirect - the listening bank????
I have had a mortgage for several years with First direct. It is a fixed rate loan. I want to move house and was told there is no facility to 'port' your mortgage so they would cahrge me £2,400 to terminate the mortgage. As a result I have found a house (a new build costing less than current house). However they can not…
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change of name.
I bought my house with my previous partner. I am now married to someone else. I have asked to take ex's name off mortgage and put husband on. All equity is mine and this is reflected in the deeds. Santander won't do the change of name despite their being no transfer of equity. They say it needs to be a new application. My…
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Transfer times. Natwest
:(Due to unforseen circumstances, we cannot exchange yet, however we all wish to complete Friday 25th April, how much notice would Natwest need, assuming we exchange a day or two before the 25th, to release the fund to the solicitors? I'm so fed up of it all now. Our solicitors have said they've not had a case quite like…
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Age as a barrier to mortgaging
I wonder if anyone can advise me? I am 67 years old, own outright a 475,000 pound property and have long-term investments to the value of 135,000 pounds plus savings of 26,000. I want to help my daughter buy a building plot for 175,000 pounds but have no idea of the best way to do this. Unfortunately my daughter and her…
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Home improvement since mortgage started
My fixed rate is ending at the end of May and I am in the process of remortgaging but wanted to know what I can do. I bought my house two years ago at a value of £120,000 and had a mortgage of £90,000 ( LTV 75%) We did major renovations to the house as we did a single storey extension to get a downstairs bathroom with a…
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Nationwide End of Deal - all changed! Please help
Hi All, and thanks for reading. I have several small mortgages with Nationwide, and always was able to use the link nationwide.co.uk/endofdeal when I was near the end of each deal to change it to the best deal available at the time. It was all very easy to see and do myself online. Now,.... That link doesn't work and there…
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Mortgage deposit & Length of fixed term
Hey all, I have a question that probably seems very obvious, but is causing us some headaches. We are in the process of selling our property and buying another, and we are just confirming what deposit we want to put down. We sold our property for a significant amount of money and as a result, this has allowed us to…
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Mortgage Credit Checks
Advice please... Applied for mortgage and they found a Default which the lender had to have settled before they could accept us. Had exemplary credit file with Experian and Equifax but this was lurking on Callcredit (Noddle) which I had never used, and it was a mistake. Long story short... Settled the Default with Lowells…
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Buy to Let Mortgage with Bad Credit
I would like some advise on getting a buy to let mortgage with bad credit. After 2 years of being in debt I have now managed to clear all outstanding finance and in a better financial position than I have ever been. Myself and my partner both work full time and also run our own property maintenance business in our free…
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Mortgage Accepted & Credit Card
Hello, I recently applied for a mortgage, all good accepted and offered agreed. House won't be ready until September and I was looking at getting a credit card as I currently don't have one. All I have is 4 D.Debits that is it. I have spoken with the mortgage provider about this, and they advised that it should be fine as…
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Coming off the Ownhome scheme
Hello, I know no one can see into the future, but I want some advice about how to increase my chances of coming off the Ownhome scheme when my 1.75% rate ends in 2019. Background: - House purchased in 2009 for £175K, 40% on Ownhome loan and 60% Co-op mortgage - Spend 2 years managing my money appallingly badly and ended up…
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Remortgage or switch at end of fixed rate?
Is it easier to switch deals with my current lender at the end current fixed rate or to remortgage with them? We are hoping for a better ltv than when we purchased 2 years ago. If not, switching deals is a possibility. What fees are involved with switching? Presumably no valuation or legal fees are needed?
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in need of some pointers, probably a little different
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Mortgage declined after 6 week wait! :(
I have just had my mortgage application declined after a 6 week wait due to me being on probation at work. The underwriter explained it was the only reason for the rejection and if my self employed partner could support us if i was laid off then it would have been fine. I logged a complaint as i had asked at the start of…
