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Mortgage after Bankruptcy (2004)
All, Just wondered what you all felt the chances of getting a mortgage after a 2004 Bankruptcy? I have no debts at all and no further defaults (my credit file is clear). Getting a mortgage with my Fiance (who owns her home), £110000 mortgage needed and house is valued at £180000. Earning 35K. I have heard some horror…
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Help chance of getting a mortgage with 1 default
Hi trying to get a joint mortgage with my partner for 185000. We have a joint income of around £50k. Didn't realise I had a default until we started looking at mortgages a month or so ago. It's for about £50 on a new look card which I forgot to pay and ended up with a default. This is recent and was paid last month. It's…
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Affordability Calculations
Does anyone know how most lenders assess affordability? Is it on an affordability calculator and if the number crunching works the box is ticked? Or do they sit and tally up all your cost of living expenditures? Or maybe a combination of both?
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Mortgage cant pay so re-mortgage?
Hi, May be this question is vague, but friend of mine told me, in some mortgages, if i am unable to pay mortgage (i.e worst case scenario ) then i can take the money back and repay it montly. For example i have put 100k deposit on 370k house, after a year or two. i fell ill, so for a year i want to pay mortgage from 100k…
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100% Mortgage Retention
Hi, This is my first post so I hope it works OK. I'm in a right state. I received a letter from Abbey saying they are delighted to offer me a mortgage, Part A and Part B, were fine, when I got to Part C it said that the recommendations of the Valuer are applicable, I read the Valuation Report and the Valuer recommends that…
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Mortgage borrowing amount - Housewife
Dear Blog contributors, I wanted to know your opinion on the following I am in full time permanent job having a salary of around 50K (2 children). My wife is a housewife. We are buying a house and we were checking online mortgage calculators to see how much we could borrow. What i found is that if i apply on my own…
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Is it impossible to get a mortgage with defaults?
With about 5 defaults and all ranging from around £150-400. Is it impossible to get a mortgage or not? I'm looking at purchasing in the next 18 months but these don't drop off for until another 3 years maybe.
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what were your main concerns
what were your main worries/concerns when you bought your first house? When did you buy? did you look at other properties whilst going through the buying process? Did you offer on any other properties and think about backing out at any point?
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Panicking. Mortgage Offer
Offer in the post in 48 hours. Now I realise today I have missed a payment on my Credit Card - 27 March. Paid it but now I am in a panic about final credit checks before we complete. Is this game over???????? :(
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Do lenders accept rental (and potential rental) income?
Thinking about the future and wondering if mortgage lenders accept rental income from BTL property which you own as part of your income. We have a BTL, and ideally would like to purchase our next home then remortgage our current house with a BTL mortgage and let it out as a 2nd BTL. Would lenders accept the rental income…
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Mortgage for property with holiday let
I put this post on the Home buying section, but not sure if I should have posted it here instead... Hi, My in-laws want to take out a small mortgage on their property and use the money to help me and my wife get onto the property ladder. They own their house outright, and the mortgage would be for about 10% of its value.…
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Buy to let Mortgage needed? Advice
Currently I own half of a property worth £150k, with £129k left on (just under 24 years left). The other half is owned by my Ex girlfriend. One of us is going to buy the other out of the property and then rent it out. We did live in it together (whilst I was there); however I had to move away (as I'm in the military) and…
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Special Conditions - Kensington - Electrical Work query
I have a joint mortgageicon with Kensington (we went with non high street as my wife had an old default from a mobile phone company when someone stole her phone to call Nigeria and she negotiated a reduced amount to pay with the company and ended up with a default without being told she would by negotiating the reduced…
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Endowment
When my (now ex) hubbie & I bought our first flat, we took out an endowment mortgage, and separate endowment policy. We moved several times, and changed mortgage providers each time, but kept the initial endowment policy going - it was only costing us £10/month, and seemed like a good investment. When we split, I took over…
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Shared Ownership 75% share with 10% deposit
I'm planning to buy a Shared property in east village (2012 olympics athelete village). With my savings, I can either purchase 75% share with 10% deposit or buy 50% share with 15% deposit. I'm inclined to go for 75% share as I would be repaying more of my mortgage and not rent. However, there aren't many lenders who would…
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Santander online calculator
Hi, we're going directly to Santander for our mortgage and have an appointment next week in branch. We've done the online calculator for how much we can borrow and it seems quite generous and comes up with more than we need! We don't have any complications just a basic employed salary. Does anyone have any experience of…
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Moving home
Evening all The wife and I are about to move up the property ladder and I just wanted to get some friendly advice. We're a year in to a £13k 4 year personal loan, so approx 11.5k left (as the interest is added up front, would probably be less if I requested to pay it off early). Is this likely to scare off mortgage…
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Help to buy (Halifax)
Hi Have a meeting on Tuesday with the mortgage advisor at Halifax to discuss a help to buy mortgage (probably mortgage guarantee) I have a clean credit history, no defaults, late payments etc. I have a deposit of £9k (could get this to £9.5k at a push in 2 weeks) my basic salary is £36k gross, my P60 will be at £42k gross…
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FTB mortgage application problem
Hi all Does anyone know the criteria scottish widows use to base their mortgage application decisions on? I've recently had a 90% ltv refused and 75% offered down to credit scoring. I'm wondering what I may be able to do to improve things for next time. Thanks Regards Tori P
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Halifax AIP
I have had my meeting with the Halifax mortgage broker in branch. I have passed with an A4 result and have my DIP. I am just wondering what difference the A result makes to my application and what kind of checks are done for an A score compared to other scores?
