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Mortgage hunting and credit searches
Hi all a little info first, Had an offer accepted on a flat for £99,000, deposit £40,000. Basic income £14,000pa with additional payments overtime/regular bonus payments of £2,500 pa. This is where I've hit a stumbling block. I have DIP with nationwide but they will not now take the additional payments into account as they…
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How much can i really afford??
So, wanting to move house and been running the figures through the lovely bank affordability calculators. However, there is obviously a conflict of interest here and the average quote is about £250k. So i thought it might be wiser to lean on the collective insight of the MSE forum and ask what you feel i can really afford,…
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6yrs after bancruptcy- any mortgage options
I know there is lots of bankruptcy/mortgage questions on here but they all seem to be conflicting. My husband will be 6yrs from bankruptcy in November so it will be off his file. He has had a basic Barclays bank account since 2008. A Vanquis from 2011 never missed a payment credit limit of £2500 now. Mobile phone account…
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Woolwich affordability changes
Anyone putting a mortgage application in with Barclays Woolwich that is tight on affordability needs to get it in this week. Just a heads up as affordability is tightening some 4% (H2B mortgages not affected, nor cases in progress)
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Defaults on credit file - mortgage wanted
If you have defaults on your credit file dated 2012/2013 (in the process of being settled in full - only just been made aware of these) once they are satisfied what LTV mortgage would we need to go for? Basically what percentage deposit would we need. Is 20% feasible or does it need to be higher?
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mortgage renewal
My mortgage is up for renewal soon however I've made some horrendous money decisions recently in terms of spending money on online games. I've lost a bit but im in no debt because if it. other than this have a good credit rating and no credit cards or payday loans. When it comes to renewing mortgages does anybody have any…
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Big drop in salary - Remortgage or downsize?
Can anyone explain what our options are when our current mortgage deal with Accord comes to an end given our income is significantly less than it was when we originally applied for the mortgage & we are both now SE with less than 3 years worth of accounts. House value c. £460k mortgage £160k remaining. Family income now…
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Nationwide BMR vs HSBC Lifetime Tracker Special
We've got 15 years left on the Nationwide BMR (base + 2%). I'm happy with this variable type mortgage but today saw a deal that actually beats this in the long term - or seems to. https://www.hsbc.co.uk/1/2/mortgages/products?pcode=A001004470000000000000000000 HSBC are offering a lifetime tracker which is base + 1.49% with…
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Halifax or Broker?
Hi there We have an AIP with Halifax but they seem to take forever with their process - over a week now and have to wait until Sat for the Mortgage Advisor to call back with a recommendation - Then after that we have to send docs away which can take even longer.... We have had an offer accept on a property and im anxious…
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Debt and new mortgage??
Hi everyone Just some advise im gonna bare all I know the problems I'm in and currently starting to pay but wondered if I have options... Anyway 18k bad debt 3 years unpaid just in the process of speaking to them to start paying due to one threatening court action... So I'm in a whole load of trouble I know luckily I have…
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Gave up job based on wrong mortgage balance
Can anyone help with this? I was offered a sum to leave work and a quick response was required so I phoned my building society for the total amount I owed, so I could decide whether to leave was feasible. Based on the figure I was told I decided to accept my offer and leave. All of these life changing circumstances were…
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House deposit - loan from my parents
Hi everyone, We are potentially borrowing £10,000 from my parents for the deposit on our first house together. We find out tomorrow whether or not we can borrow at 90% or 85% LTV on a £200k property. If we do borrow this money, is not a gift and will be repayable at a later date. My parents do not have any interest in the…
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Dip, do they say which mortgage's you qualify for?
Due to past BR (now off record) broker has recommended Skipton BS for mortgage. We are in discussions with a buyer for our current home, which we have been waiting on so now I'm ready to start looking for a new place, current home not suitable for our needs so will either buy (hoping we get mortgage) or rent if not. I have…
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Low valuation on remortgage? help!
Hi everyone, new to this forum so please forgive me, but have been lurking and it has been very useful in my househunt!! to cut a long story short, and without going into details, due to my parnters credit history we were declined a mortgage, so my parents very kindly offered to remortgage their house in order to allow me…
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Mortgage novice questions
Hi everyone. Firstly, please ignore my username... I set it up years a go and aren't quite as lazy or in debt as I was! My partner and I are currently saving for a deposit on our first home. Joint income before bonuses is £63k and with bonuses it reaches £75k We both have perfect credit scores, no missed payments etc. he…
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kensington Criteria
do any brokers on here know if Kensington accept discharged bankrupts? I have been discharged since may 2010 went br in may 2009. Any help would be great
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Yorkshire Bank Home Loans Limited mortgage redemption
Hiya, Hope I'm ok to post this here. Wondering if anyone has had any dealings with Yorkshire Bank Home Loans Limited. I'm currently in the process of buying a vacant property. The seller's solicitor is unable to exchange contracts as there is still a charge showing from this lender. The seller says this was paid in June…
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Help! Mortgage after an IVA
I was hoping anyone can help me. I have completed my IVA and am now in a position where i need to remortgage (a relatively low amount) but the two banks i have been to have refused due to having had an IVA, nothing to do with my credit which they both said is now no problem. Does anyone know any REPUTABLE companies that I…
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Mortgage life cover - reclaim?
My mother passed away in 2003 and left me the property. Before she died she told me that I would not have anything to worry about as the mortgage would be paid off in full so I wouldnt have any big bills. When the probate was carried out, the solicitor at the time informed me that only a part of the mortgage was covered…
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Fixed Rate Ending Soon, What About Further Advance.
Morning All I have a two year fixed rate mortgage with Nationwide due to expire and revert to SVR in October, naturally I am starting to look around for a better deal, outstanding amount is £174000. Back in July I took a further advance of 15K which was issued as a separate product, (different account ref number) this is a…
