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Poor credit un encumbered house - need £20k
My house is valued at £340,000. My salary £50,000 Rental income from property is £18,000 Poor credit history, a ccj which has been paid in full within the 6 months. I need to raise £20,000 What are my best options?
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Mortgage Application.
Hi just wondering if i could get a bit of advice, i have applied for a mortgage with the Loughborough building society as my mortgage broker advised they are good with bad credit applications and made contact with them for me ( i have 2 satisfied defaults from 2010 £290 and june 2011 £1190 both satisfied over 12 months…
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Married but not on mortgage or deeds
I have been married for six years and mortgage is in husbands name. It is now time to remortgage and I will be paying my husband up to £10K towards our mortgage (I already pay into joint account equal split pro rata of our salaries towards bills) but my husband doesn't want to put me on the mortgage or deeds. I have a…
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FTB -Fix term coming to end Remortgage or change rate
Hi We are FTB who bought a house in july 201 @5.99% for two years which is coming to end in august. After which we will go on variable 3.49% + bank of England base rate currently. 3.99%. Ideally We were thinking of borrowing 10k more to do some house improvements. What I want to know ? In the current market is it worth…
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Help to buy query
Can someone in the know answer this please? Example:£200,000 house, 20% equity loan from government-£40,000 5% deposit from buyer-£10,000, mortgage for £150,000 My question is if the buyer wants to put in say another £15,000 deposit can they they still have the full £40,000 loan from government?
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Woolich Mortgage Anxiety
I am hoping that people could share their experiences, whether good or bad about obtaining a Woolich mortgage! I am just about to submit my application this week and my nerves are already kicking in. My stats are as follows.....£50,000 per year income, £200 loan payment per month, no credit card debt, 2 kids, and asking…
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buy-to-let mortgage for 21 year old
Hello, Was hoping I could get some advice from any mortgage brokers out there. I'm 21 and thinking about getting a buy-to-let mortgage. Some details: Deposit: 15k Need to borrow: 45k Rent: 450pcm Income: 41k In current job for 6 months Credit history: overdraft and credit card all paid regularly, no defaults Am i likely to…
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Will Precise Mortgages extend mortgage offer?
We received our mortgage offer on 02 April 2014. Since then the top of the chain has pulled out and we are now waiting for our vendors to find somewhere else to buy. We are not in a major rush as we have completed on our house sale and are staying with my parents although obviously we would like to get in the new house…
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Changing from Buy To Let to Residential Mortgage
Hi, I currently have a buy to let mortgage with Halifax. The tenant has been less than ideal, resulting in some missed payments, and therefore mortgage payments. I now find myself in the position of needing to move into the aforementioned property. Therefore I want to change the mortgage type to residential. My question…
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Bad broker or bad client?
Hello I’m hoping you can help. My friend (no really, my friend :smiley: ) has been allocated a shared ownership new build. She applied for a mortgage in principle with the scheme mortgage advisor and was told that there were 2 lenders that would consider her on a 95% mortgage. The application was turned down because she is…
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Right to buy...
Hi guys! I had been renting the same council property for 27 years (in Scotland) and recently enquired about the right to buy. The property has been valued at £65,00 and with the discount I can get it for £28,500. I am just approaching 60 and was looking at mortgages for myself through the credit expert site. My credit…
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Decision in Principle but still worrying
Hi everyone! I have been a bit of a lurker over the past week but I thought I would post and see if anyone can help me out. Me and my partner are currently looking at buying a house worth £155,000 under the Scottish government's help to buy scheme, meaning we need a 5% deposit and the government contribute 20%. We would be…
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2nd Residential Mortgage
I already have a residential mortgage. I worked abroad a lot of the time so i rent this place out and have permission from my mortgage lender to do so. I would like to get another residential mortage for myself and my girlfriend and her son. The property i have the residential mortage on is not big enough for us all hence…
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Mortgage Matters Direct
http://www.mortgagemattersdirect.co.uk/ daughters got a meeting with an "advisor" next week to which I am going as well its an estate agents pet mortgage company so looking for feedback they want a £250 arrangement fee anyway which I am not happy about and as far as I can work out will only offer Legal and General products…
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Re-Mortgage - Valuation
Hi There, New in the forum today. Our fixed term mortgage has come to an end and I am now at a point of remortgaging however I'm a little stuck with the valuation and looking for a bit of advice. When we bought the house a couple of years ago, it was a project to say the least and in the past couple of years we've replaced…
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First time buyer
Hi all, I'm just starting to think about buying my first house. I am just wondering, outside the actual cost of the house, what other expenses are there? For example, how much does a solicitor cost and the valuations and where do you find all of this information? Thanks for any help anyone can give
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Key worker loan dilemma
Help!!!!! I have a key worker loan with Thames Valley Housing Association and am desperate to move. I borrowed £56,000 (33%) to take my firsts step onto the property ladder when I was single; now married and wanting a family we want to up size. Sadly when wanting to move TVH put many obstacles in way so and we would love…
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How can I get a predicted value of my endowment
Hi, I have an endowment policy due to mature in 2019 and have recently received my statement with the endowments annual bonuses. The statement does specify a minimum guaranteed value. However, I was wondering if there is anyway I can calculate a rough ball park figure of what a more realistic expectation of its maturity…
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first time buyer affordability - child maintenance?
A friend of mine is a first time buyer and has a deposit of £50K, he's looking to borrow £250K over 25 years. He doesn't have any debt or loans and his credit history is all green. His salary is £50K, car allowance is £5K and his annual (not guaranteed) bonus is between £6-12K. He's paying £485 per month in child…
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Mortgage redemption
Hi all new to here but need advice! Myself and my ex husband bought a house with a northern rock together mortgage in 2004, for £150,000. the mortgage is in my Exes sole name and it was made up of £135,000 mortgage & £15,000 unsecured loan. Since our divorce I was awarded the house and decided to rent privately & sell up…
