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Dependants affecting mortgage
How much will my children (i.e. dependants) affect how much of a mortgage I can get? I will have about £90K deposit and am looking to get about £100K mortgage (£26K part time income). I am also a single mum if this makes a difference.
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Realistic - getting a mortgage
Hi all, Hopefully those of you in the know will be able to give me a rough idea. I know without knowing the exact in's and out's I won't get an exact answer but just a bit of guidance. Realistically, what are the chances of getting a mortgage with 2 defaults and a CCJ on file? All 3 from 2012. All settled. Credit file now…
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RBS Mortgage Complaint
Hi, I have have an interest only mortgage with RBS. I have been trying since March to switch to repayment. RBS have via umteen calls have taken till today to finally fully get the ball rolling. However 4 weeks ago they calculated my property value (Using the HPI) at £263,000 and today they valued it at £193,000 apparently…
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How does Porting work and is it worth overpaying now?
I am thinking about all of this way too early as it will probably be another 2 years or more before we seriously consider moving (need to clear CC debt, save for moving costs etc, finish house so it looks nice etc). We have just started a 5 yr fixed deal with HSBC too so obviously don't want to be paying high ERC. But if…
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Want to move out, but parents house is black listed
Hi I want to move out with my partner next year. I have an excellent credit score and by then will have around a 15 -20% deposit for a mortgage My partner lives at home but has just found out his parents house is black listed :( Will this affect us when we want to apply for a mortgage? His credit score at the moment is…
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Early repayment charge
Can anyone tell me what they understand by the following clause with regards to Early Repayment Charges: 6% of the amount repaid until 01/11/2015
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Which Term to take mortgage out
So got to decide today but still deliberating: 2yrs at 2.45% (£995 arrangement fee) monthly repayment £690.83 2yrs at 3.09% (no fee) £762 monthly payments 5 years at 3.59% (£995 fee) £814.56 monthly payments 5 years at 3.89% (no fee) £839 monthly payments. I know there is no way of knowing where interest rates will go but…
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Mortgages for (newly self-employed)
We (married couple) are looking at buying a small flat in London. This would be a second home for use on week days. We are aware that prices are eye wateringly high but don't believe prices will crash or even go down in London. Unfortunately that's where work is at the moment and it's not commutable from our main home. At…
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2 part mortgage
Hi, we originally took out a mortgage 2 years ago on a 2 year fixed deal, this has now come to an end so are free to move it. However, last year we took our some additional borrowing on a different deal. My question is, can we move just the original mortgage to a new lender as the 2 year fixed deal has come to an end and…
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Payment Holiday Vs Debt
Hi All I currently have a loan of just over 7k outstanding which is at a really high rate (over 30% interest) as well as a credit card of 3,5k with similar interest rate. Would I be more benefical by taking a payment holiday for around 5 months to clear down the loan as the interest rate is so high and the current…
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How much to offer?
Our landlord is selling the house we have rented for the past 4 years. he would like £149000 for it. He is the partner of a relative and said we could rent this house until we could afford to buy. Stupidly I thought that as we were family he would honour this but I realise people's situations change. We have done some…
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Landlord selling, any possibility of us buying?
Our landlord has just told us he is looking to sell the property we have rented for the past 4 years. We've got an appointment with a mortgage advisor this week but wondering if anyone has any ideas on whether it might be an outright 'no' or if we may have a chance? Here is our history: Hubby - 3 defaults due to come off…
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Can I get a remortgage to BTL if I may emigrate next year?
We are at the end of our residential term so we are looking to fix again. However, we are looking at moving abroad next year so we are considering changing to BTL And renting in the interim. Can we just apply for a BTL and answer the questions to get a mortgage? Most criteria seem to mention applicants being uk residents…
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Mortgage refusal?
Long story short. House purchase ongoing. House value 155k. Deposit 25k so mortgage required of 130k over 23 years due to age. First time buyers. Post trust deed past 6 years so all 3 credit reference agencies completely clear. Skipton building society agreed in principal then refused as completed pay day loans showing on…
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BTL - is this possible?
I currently have a property that I live in that I own and have outstanding mortgage of 100k on. Im overpaying as much as I can each month to bring mortgage down quicker. House worth approx 325k. My ex has charge against property and im due to pay him approx 150k in 3.5 years time. I remortgaged the house to fund deposit…
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Repaying interest only mortgage
Hello everyone, Mr T and I are thinking about the possibility of selling our house and moving to a quieter (and cheaper) area. We currently live in the SE England and our house is worth in the region of 300k. Our mortgage is interest only and we borrowed 150k. I thought we only had to pay back the money we borrowed - plus…
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I think i might be losing the plot! :-(
I'm not sure if I'm looking for advice or having a rant but either way thankyou for reading! myself and ex partner applied for a transfer of equity at the end of March - the mortgage to be transferred into his sole name. Forms were filled in and sent to the solicitor dealing with it, i spoke to them numerous times and they…
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Nationwide mortgage criteria post MMR
Hi can anyone help me, my husband and I have been with Nationwide as customers for 28 years and have mortgage and flex account with them. We had an offer at solicitors for £95000 on a bungalow valued at £227500 on 16th April 2014 pre MMR but the property we were buying was taken off sale. We found another bungalow and…
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First Time Buyer
Hi, Me and my partner are looking to buy a house in the very near future and have been told that if we have a mortgage agreed in principle that it puts us in a better negotiating position is this correct? Also before the move im going to be looking to transfer the finance from my dad to myself for my car is there a…
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Mortgage advice needed :)
Hello all, I have been unemployed for the passed 2 year, i have recently started a new job where i earn 20k a year , my partner works part time and earns around 8k a year. I have been at my new job now for around 1 month, ive had a read around and heard that there is no chance of me getting a mortgage unless i have been…
