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Turning equity into cash
Hi All, Im 6 months into a 2 year fixed mortgage with Barclays. I purchased a repossession for 80k, spent some money on it and its now been valued at 95k. Outstanding mortgage is 71k. I dont know how the process works but would it be possible to take some of this equity out of the property and how is it done, will it cost…
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Natwest mortgage referred to underwriters
HI there my app has been referred to underwriters due to credit bureau data??? I am confused as I have up to date copies of experian and equifax and nothing showing apart from 1 late payment in jan 2012 anyone help?
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Application with the halifax underwriter ???
Hi everyone all information is welcome and thankyou for your time... i have got an survey done on a property for £85,000 and the survey has come out for £85,000, my credit history with noddle is 3/5 and i have closed all unused accounts apart from 2 with limits of 8200 and need to pay back 2300 in 12 month no interest…
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Employed/Self-employed
I'm a bit of a complicated case but I'm employed and self-employed (have only 1 year SA302) I have got a DIP based on my employed side only despite having three advisers tell me Halifax will accepted one year accounts from self-employed. Managed to get vendors down to a price I could afford based on the DIP plus a 20%…
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New mortgage and affordability rules
Good morning all! I am hoping to apply for a mortgage within the next 3-6 months and am going through our monthly expenses and looking to see where savings can be made. There are a couple of bills that we have mobile and tv/bb/phone where I could reduce down. On the mobiles, we are on an anytime upgrade deal, so the phone…
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early redemption charge question
hello I'm new to this board and have a question I hope someone might be able to help with please ? I have been making o/p on my mortgage with a view to clearing it early however I have a early repayment charge of almost £1500 for the life of the mortgage ( it was a 25 year fix ) so i'm unsure if there's anyway round this ?…
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Mortgage Broker - fees?
We have found a whole of the market broker who will charge a fee of £500 once we have an offer....is that a good deal?
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Increase mortgage offer - how long for a decision?
Hi all, Exchange on our house purchase is inching closer, and we could now be a week or two from exchanging. However, some renegotiations with our buyer (and a drop in price agreed on the house we're selling :( ) means my finances are getting really tight. So, at the eleventh hour, I'm thinking of going back to the…
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mortgage option with redundancy
Hello MSE forum. I'm a first time buyer and a first time poster, so apologies if because of that I post anything incorrectly. I'm trying to buy my first house. I recently applied for a mortgage with Nationwide. A week later I have been made redundant. Quite the timing. My vendor has found a chain free house so we need to…
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Applying for Mortgage - Know that there will be a change in circumstances
Hi Everyone! My wife and I have a tricky situation trying to get a mortgage. I currently work full time for just over 30k and she works half time for 20k. We are looking to buy for the first time. My wife however wants to stop working and be a stay at home mum. I know that I will be offered a pay rise (to just shy of 40k)…
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Views Please?
Hi Lovely People I'm after some advice/views please .... I posted this on the DFW board and a lovely DFW suggested that I posted here too.... I bought a property in 2005 under the dream start scheme with Barratts and the 25% value of the property (at current prices) is due by December 2015. Back in 2010 when I put my…
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YIPEE - COMPLETED! One last question!
Hi all, Just thought I would follow up quickly and let you all know that it went down to the wire and I finally completed today. Was supposed to be yesterday but some of my deposit money is 'missing' in bank cyberspace (thats a whole other story!) and as a result the full funds did not reach my solicitor until 4.50pm last…
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Can anyone recommend a mortgage broker in Bristol?
I am looking for a good mortgage broker in Bristol but I don't know how to find a decent one. I don't know anyone that has bought a house recently and used a broker, so no one to recommend one. I know I could use someone like L&C but I'd ideally like to meet face to face with them. Any suggestions?
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Will Halifax accept our mortgage with a default?
I wonder if anyone can give me some advice? We have reserved a new build house that we want to buy. We have been approved for a help to buy loan and we've offered 299,950 For the house. We have a deposit of about 8-10%, we've been asked to put down 8% during the first soft search that the new homes group did. We've applied…
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guarantor mortgage
I am a first time buyer looking to get on the property ladder and was hoping to get a guarantor mortgage with my brother as a guarantor. But it looks like these are not anywhere near as readily available anymore. I’d be very grateful if someone could offer any idea of how accessible these are now and what kind of criteria…
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possible loss of job with mortgage approved
Hello need some advice, my daughter and her partner got there mortgage approval yesterday, payed the £1000 fee and a valuation fee, today he got told the company he works for is up for sale there was some mention of administration and loss of job if not sold, where do they stand with the offer, he seems to think he can…
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No more mortgages for old people??
I am eligible to purchase my council home through a right to buy application. My mum is the primary tenant. However she is 60 and all the mortgage brokers I have spoken to in the past couple of weeks have told me that because she would be a joint mortgage applicant I can only get a maximum mortgage term of 5-10 years. The…
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mortgage proof of income problem!
I am looking to get on the property ladder (tough time to do so, I know!). My question is that as a self-employed person who owns a company I have to show my SA302 as proof of income. This is not a problem, as I believe I can demonstrate drawing a salary that justifies the size of the mortgage loan I want to take out. But…
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Mortgage shortfall - coming up six years ago!
Hi. Hoping someone will clear this up a bit for me or tell me I've been given the best advice. I'll keep it as short as I can coz it is rather complicated... My ex and I took out a joint mortgage in 2006. We split in 2007. Gave the house up for voluntary repossession. The debt we owed was in three separate lumps. The…
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Halifax - Do they lend to people in Probation and Contract Work?
Just a quick question if anybody can help? Due our circumstances numerous lenders won't lend to us due to me being in probation and Mrs in 6 month contract. I have been told Halifax will be okay by a broker but haven't been able to verify it yet. I've looked at their criteria but can't seem to find any information on it.…
