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Would I get a mortgage in this situation
Hi all I wonder if you can help. Me and my wife currently live with my parents. We have a property which we built ourselves and have lived in for the last ten years or so. Property is currently on parents name. My mom works and my father is now retired. Moms net income around £22,000. The propert is currently mortgage free…
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Concerned about credit score and new mortgage, better to go with current provider?
I am currently in the process of applying for a new mortgage, having accepted an offer on my house last week. I am concerned about being accepted for a mortgage for a number of reasons, the main one being that both my husband and I have paid our credit cards a day late in the last year (yes we know how stupid we are). My…
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Joint application with partner bankrupt
Hi. My bankruptcy ends in October this year. If me and my partner wanted to buy a house would me named on it decrease our chances or would it be better for her to do a single application? She earns approx £26k and myself around £17.5k (I only work average 3 days per week - would be £26k if I was full time). Way I see it…
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Re-mortgage and Redemption figures
Is it normal practise for a BS to give out a final redemption figure, and not include a mortgage payment that’s paid by DD before the final redemption date? Basically I have been told my normal end of month payment has not been included into the final redemption figure, that’s due to complete the next day, and I have been…
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MMR - will it affect existing customers?
Hiya all, how will MMR affect existing customers looking to switch to a new deal (with the same lender)? Will the lender check affordability and/or run credit checks? Up until now they weren't doing that, and deal switching (for instance going from SVR to fixed rate or switching from a fix rate when deal ends to another…
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First time buyer advice
Hi All I am looking to apply for my first mortgage with the girlfriend this summer and it is all completely new ground to me so I was hoping you guys could give me some advice! I have been in my currrent job for 9 years now and she is just finishing her masters degree in teaching and has a signed contract which starts in…
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taking someone's name off a mortgage
Hoping someone can help as this is a tricky one. Me and my partner have a joint mortgage. We are relocating to a new city. He already has a job but I can't get one till we relocate. We need to borrow more money on our mortgage but they won't lend us what we need because I am not working at the moment. They will lend us…
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Can you haggle the redemption of a mortgage?
I've had the good fortune of picking up a barely above base rate lifetime tracker mortgage, so I've been stoozing 6 figure sums into higher yielding investments. For various reasons, i've decided to simplify my affairs and sacrifice this profit. However, I was wondering if it is the etiquette to haggle for a capital…
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Mortgage - Student + Partner
I am currently a student in my final year at university and have a graduate job for September. My partner has a steady full time job and we have been looking at getting a mortgage on a helptobuy new house with a 5% deposit (that we have saved) whilst the scheme is still available. However we didn't know what the likelihood…
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Mortgage question
Does anyone know if a third party payment will be accepted by bank to pay off arrears on a mortgage, when your facing repossession ??:eek:
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10 year Interest Only Mortgage-Forced Sale Advise Please
has anyone written to mortgage company asking for extension of interest only mortgage and if so what was outcome if any
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Solicitors Credentials
Hi All I am going to buy a house on cash. Offer accepted and solicitors hired and soon I will be transferring my life long savings into solicitors client account. I am worried and tensed that how can secure myself? I mean, what if solicitors' firm go bust? or something else go wrong and I loose my funds. My question is,…
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Remortgage - lots of debt
Hello. I am hoping for some advice. Our fixed rate mortgage ended a year ago and as our payments reduced we didn't remortgage. We have a lot of debt with credit cards and my partner now only works part time and we are both earning less than our original mortgage application. We had thought that by remortgaging and…
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decision in principle
Hi FTB had DIP which has now ran out. We haven't found a house we like yet - how important is it for us to get it renewed? Only change in circumstances is my pay rise? Was planning to get another one but not sure if this will adversely affect credit score when we ever do find a house? I should add first DIP was with a bank…
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Mortgage after bankruptcy
My bankruptcy (due to a failed business) was discharged in 2012 and we would dearly like to be able to buy a house again. I understand there are mortgage lenders out there who will lend to people in our situation - can anyone give me some advice on how we may go about this. Many thanks
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Endowment payout company wants refund
3 years ago had endowment pay out of £20,000 now morgage company has phoned informing us we have been overpaid and should have only had a £8,000 payout and we now owe them the difference! Where do we stand legally? Do we have to pay it back it was their mistake?
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Deed of Trust
Hi Does anyone know a little about setting up a deed of trust. My solicitor is recommending a deed of trust for a property we are holding 3 ways as tenants in common. What does he mean by...should the transfer be lost: I note that you are holding the property 35% to you, 35% to your husband and 30% to father in law. This…
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Virgin mortgage application
Hi is anyone going through or has been through a mortgage application with Virgin Money? What are their timescales like? We have a valuation instructed on the property we are buying for Tuesday. Does this mean we have got over the worst? Thanks (nervous and impatient FTB!)
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Is there such a thing as a FEE-FREE independent mortgage advisor??
Is there such a thing as a FEE-FREE independent mortgage advisor?? After several happy mortgage-free years, I'm looking to move and getting a mortgage. The trouble is the World seems to have changed!!! Previously, I used (commission based) independent mortgage advisors to help me find the best deal for my needs - I've…
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Mortgage App. Advice please regarding overdraft & credit card
Hello there! I'm after a bit of advice in advance of preparing to apply for a mortgage once I have repaired my credit report. I've currently got a credit card and an overdraft both of which are currently being used - I'm in my overdraft every month & I have a credit card balance that will take some time to pay off.…
