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Mortgage with a bad credit history
I'm looking at buying a new house at around 150k at no more than 75%ltv. Income is 25k partners is 6k. Will be a joint mortgage. Here's the problem, I have defaults from over 6 years ago that were never settled. They no longer appear on my credit file but could they come back to haunt me? Am I blacklisted by other means.…
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Bank of Ireland - SVR misinformation
5 year BOI fix was up at the end of May. Called on at least 2 occasions and asked what the SVR would be at the end and was told 4.?%. Made an overpayment and the statement came through with a SVR of 2.5%, which may have changed my decision to remortgage. Remortgage is due to complete in a weeks time. Feeling a bit…
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Mortgage - Underwriter checks on SA302 accounting docs
HI All, me and my wife are on a stage where they are checking all documents. We supplied everything as requested by the Broker , but now we are asked to provide Accountants Certificate because HMRC issued SA302 are not good enough (broker did not know that i guess) This is what they said - Unfortunately we do not accept…
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Arrgh - delayed on proceeding with mortgage, now rate has gone up :(
Just want to post to vent... Got a mortgage quote in mid-May for a five year fixed term at 3.34%. Loads of stuff has happened in my life recently, so didn't have a chance to phone the Mortgage Adviser back to tell him I'd like to proceed until today. So phoned up only to be told that the rate went up to 3.64%(!!!) today…
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Pay off credit cards or overdraft?
Hi I'm looking to apply for a mortgage in August. I currently have an overdraft of £1000 (which I run up to the limit without going OVER it, every month!). I also have 2 credit card debts - one has a limit of just £550 and the other has a limit of £700 - I am up to the limit on both. I have a good salary, and no money…
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Regulator to cap income mutliples
How much truth is there in this rumour that the Government intend to give the regulator the power to cap the maximum that lenders can offer against income on mortgages? http://www.theguardian.com/business/2014/jun/12/osborne-regulators-power-cap-mortgage-loans Who will the winners and losers be?
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Can you be turned down a mortgage on a house you already own?
I am not sure how this works so just thought I betterask. Is it possible to get a Mortgage in the first place but thennot be able to re-mortgage when the product ends? What happens if you’re living in a house you have brought with a mortgage and wish to get onto a new product but can’t? With affordability and things, what…
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London & Country - fees before offer?
We asked for some quotes via London & Country who have made a recommendation of a mortgage provider & sent through an illustration. But apparently the next step is to pay a valuation fee and that seems wrong as we have no idea whether we'll actually be offered a mortgage. Is this normal? Em
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Buyer pulled out last minute - advice needed re let to buy...please!?
Hi All, I too have been a lurker and learnt alot from these forums without the need to post ...until now! A bit of background ... I am in the RAF, hubbie came out a while back to provide stability for our 2 young children. We have been fortunate enough to spend the vast majority of our time together as a family and that is…
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Mortgage Offer withdrawn "in secret"
Our lender withdrew our mortgage offer without telling us or our solicitors. They said it was due to our solicitor calling for funds before an exchange date then subsequently returning the funds as the vendor failed to meet the exchange date. The bank in questions say they then only allow 28 days for another exchange and…
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chances of getting a mortgage?
My partner's debts were due to expire at the 6 year point which was 28/05/14. I will give it one month and order copies of his credit report to ensure they are no longer shown. This being the case he will have just one late payment on a phone bill. My own credit report is clear. He is self employed earning 35, 000 before…
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Mortgage Woes from Seller
Hi everyone, This is my first thread so I hope this is ok! I have recently sold my home and put an offer in on another property. Myself and my husband have been offered our mortgage. My worries come from my seller. He has been given a mortgage in principle and the survey has been booked. However my solicitor has advised me…
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Mortgage condition question
On our mortgage offer there is a condition that our credit card is paid off by 30 days after the mortgage - this is fine, we have already cleared the balance but I just have a couple of questions 1) how do they check? Do they do a credit check or will they ask for proof? 2) does this mean that we shouldn't use the card at…
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turned down for remortgage despite 160k equity
Feeling the need to vent really....have to remortgage to buy out ex who us now due his charge of 40k. Have 50k with Halifax and house valued at 250k. I knew my credit report could be improved but thought the LTV would be enough to swing it. Affordability not an issu, just scrape through on income to borrow 92k. Broker…
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Mortgage advice needed please
I currently owe £35,000 on an interest only mortgage fixed until 2026 at 5.24%. I can pay as much back as I like without penalty unless I pay it all off and then I will be penalised by about £4,000. So basically I can leave £10.00 owing until 2026 and not have to pay any penalty. What I would like to know is, if there is…
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Finally
Hi All, You may remember my post about being rejected by Leeds BS due to a £2k gambling transaction. Well, yesterday we got a full offer from Nationwide within 8 working days! We are both very happy and I appreciate everyone who contributed to my original post, even though most didn't agree with me :)
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Confused
If my house is worth £145k and I have a mortgage left of £70k do I have £215k to play with for buying a new house? I haven't thought this through I must say,
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HSBC Mortgages
Quick question this one - can HSBC mortgages be completely carried out online or do you need to go to branch at some stage? This is for a remortgage.
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Is it even worth trying?
Hi, Can someone please help me to get my head around if we've got a chance or may as well give up now... Offer accepted on a house 250,000 Deposit 15,000 - gifted from my mum (94%LTV) Salary1 45K, Salary2 28K, joint extra income 3.5K a year. Joint outstanding credit card balances 9,600 On salary1 also a loan, outstanding…
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Offset mortgage with good online banking / current account - SUGGESTIONS?
Hi, i'm moving house and would like another offset mortgage that has all the benefits of First Direct - easy online banking, current accounts with cashcards linked to the offset. A couple of mortgage advisors linked to estate agents are pushing me towards Accord (owned by Yorkshire Building Society) but their offset…
