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hi
hello there!was just looking for some thoughts or help..i am going to buy my house from council and have been offered a loan from the council at 4.06 percent.been to see a financial adviser but feel he's veering me towards a mortgage,telling me about low introductory interest rates but I feel 4.06 percent for period of…
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Risk of commerical buy-to-let
Hi What's the risks with these types of mortgages? Do I have to secure my house against it? Thanks peeps :)
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Should we continue with mortage application despite credit file not being 100%?
Hi, We have a mortgage application appointment set up for next week and have just checked our credit files with Equifax and have found a few things: 1) I still had one of my credit cards and current accounts registered at my previous address. I have corrected the current account address online today and will go into branch…
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New Mortgage and settled Default?
Hi my dh credit score is 999 so excellent, he has a default on there settled in full june this year is the going to stop him getting any sort of mortgage? thanks so much
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What company to look at your own credit reports?
Hi everyone, can you tell me how to go about looking at our credit reports and what we are looking for? Which would lenders look at? I haven't ever done it as I was worried it would affect my score, is that right? Thanks in advance!
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Remortgage and maternity difficulties
Hi all, Just thought I would post this up and see if anyone could advise me.... I'll try and keep it short... My wife and I have recently been granted planning for an extension to our bungalow and have come to the end of our mortgage deal so are on the svr which is 4% We want to look for a new mortgage deal but have a 4…
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Mortgage after scottish trust deed
Good afternoon from the home of the commonwealth Games 2014!!! We were discharged from TD January this year, signed up July 14, so the TD should drop off our credit histories 2years from now. Currently on NR SVR. Really need to think of moving house as we are outgrowing this one quickly !! By the time next summer comes we…
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Mortgage on flat above shopping centre
I am interested in putting in an offer on a purpose built flat above a shopping centre. The flat is on the second floor, accessed from outside the shopping centre and is one of about 30 purpose built when the centre was built 25 years ago. The flats appear well maintained. While I do not need a mortgage for this purchase I…
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Extra cash needed by old gypsies
Moving house, and need around £10-20k to finish the move and refit the new house. We can:* sell ISAs from our managed fund to that value and keep up the monthly payments to the fund as usual; * stop current contributions to the Fund and redirect the monthly payments to service a loan of some sort which may be either * a…
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Best date for remortgage to complete?
Hi all, Coming to the end of our Post Office fixed period at the end of July, current mortgage of £138k at 5.20% 25 year term with 5 years fixed. From 1st August we will switch to a BR+1.99% (so 2.49%) rate. We have a remortgage arranged (fully approved) with Coventry Building Society for £123k at 3.25%. 20 year term with…
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Equity release
Scenario: House owned outright, value £130k conservative estimate. As there is no mortgage open what is the cheapest way to release equity so it can be invested elsewhere? £40k needed Thanks in advance.
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Let to Buy advice needed!
Hi, I have a conundrum I was hoping someone could help me with. I am currently in the process of converting my bungalow into a two storey house. Current state is its a building site. We can't afford to finish the whole job in one hit, so we were going to do it in two phases (80% roughly first phase). But we are now…
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Electoral roll - who to avoid?
Hi, 1st-time poster here... I've been renting at the same address for the last ten years in central London but I am looking to buy a property outside in commuterville, as a first-time buyer. I've had to leave the rented property and I am staying at my sister's whilst the property search continues. I've registered on the…
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Mortgage offer says we have to pay off student loan now!
Just a bit of back story! First time buyers, both on £30,000, partner been employed for 2+ years (software engineer) and I am starting as a Junior Doctor next week. Had a few problems as I havent started work and my contract states 1 year, although its a national programme and we are guaranteed employment for 2 years,…
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Deed of Postponement
Does anyone have any experience of how long it takes to get a 'deed of postponement' from Lloyds, for a remortgage. The mortgage with another lender has been agreed and the deed has been requested, but it would be helpful to know how long this will take?
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Old endownment
Hi all, I'm new to this so hi, I've recently been successfully with sorting my own PPIs but I remember when I brought my first house in 1993 the financial advisor sold us an endownement policy. My husband can remember us getting a letter a number of years later saying it was worth nothing and so we changed our mortgage and…
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Can my mate get a mortgage?
My mate wants to get a mortgage but this year missed 8 payments and she is now back on track. Her credit rating is 560 I think that is POOR on Experian but don't quote me on that? lol But will any banks go near her with that? She has saved £10k for a deposit. :) thanks guys x
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Sensible to switch away from fixed early, for a staff variable rate?
Current mortgage is around £116000, just coming to the end of the first year of a 3-year fix at 4.9%, 19 years remaining overall. Monthly repayments are £759. House value is £150k, credit rating is good. Overpayments are limited to 10% per year, and the ERC for leaving in year 2 is 2% i.e. £2100ish. We can pump some extra…
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HELP - Which is better?
Currently remortgaging to buy another property. We have 40,000 outstanding on a home worth 260,000 and are looking to remortgage to get 110,000 extra (150,000 total). We are currently with tsb bank and they have offered us a remortgage deal: 2 year fixed @ 4.99% then reverting to the base rate currently 3.9%. The mortgage…
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Brand new to mortages
Hi Guys and girls, I have been renting for over 20+ years. Renting is part of my culture, but now I am in a not so great situation and I can do with some advice. My current flat is up for sale, £80000. I am renting this for £575 a month. I am 45 years old, went to University late, as most students do I made a mess of my…
