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Mortgage Rate Help
I have been offered two different mortgages as follows: 2 year fixed at 2.99% with a £999 fee 3 year fixed at 3.29% with a £999 fee What would you go with?????? Thank you :beer:
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Nationwide Mortgage
Hi, I have been declined by Nationwide for an AIP. My broker has told me the code came back saying I had too much debt. I only have 1 credit card with apox 1350 outstanding. The loan size is 80,000 and I have 80%LTV. Broker thinks there has been some kind of mistake. Please help
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First Direct mortgage and mine shafts
Good morning all, I'm approaching the final stages of my house purchase, but my solicitor has informed me that there is a mine shaft within 50m of the house. She has applied for a Mine Interpretive Report, which will advise about the structure of the mine and the surrounding area. She will need to send this to the lender,…
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Can I get a new mortgage deal with current lender even though I am on a DMP?
Hello this is my first post and hope it is the right place??! I am on a DMP and I have a mortgage with Halifax. I have no arrears at all on my mortgage and have never missed a payment BUT my credit history is poor to say the least! If I apply to swap deals on my mortgage would it even be considered or should I stay with…
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Mortgage problems
Hi all My other half has been declined for a mortgage, his experien credit report was showing no defaults, after the decline the mortgage broker aske us to raise one with equifax which brought up one defalut with BT from 4 years ago. He also had a house reposessed but this was over 20yrs ago, there are no other…
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Re-mortgage, house value increase
Hi All After some advice please? I'm coming to the end of my 5 year fixed rate deal in November. We had a really crap rate and term on the original deal (5.99% over a long period) Also during this time our house value has increased due to renovation. We reckon we have added about 30k on top of the value. Our current LTV is…
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Will I get a mortgage??
Hi guys and gals I'm after a bit of advice please. Before I get started sometimes I have a habit of waffling but I will get to the point eventually lol. I would love to own my own home and in next couple of years I plan to start saving for a a mortgage but I'm not sure if I would actually get accepted. My credit history…
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Switching mid term Nationwide Mort different rates?
Hi we've recently moved house and got our mortgage on a 3 yr tracker 2.94% with Nationwide (no ERC). Our ltv was 75%. In the last couple of days we received some inheritance money and used this to make an unlimited overpayment to our mortgage. This has now made our mortgage 37%ltv. Our plan is now to switch to a 5 year fix…
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When should we approach a mortgage broker?
Hello all, Still saving our deposit - will have the full amount by November, plus that's when my husband would have been in his contract for 12 months and will be renewed for another 6 months at least. I don't know when will be the best time to contact a broker? Shall we wait nearer the time to approach a mortgage broker…
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Re-entering the mortgage market
Hi there, we had a few really good years in which we were able to pay off our previous mortgage and move into a nice bigger house, paying cash for the balance. We have spent the past 3 years in an ultimately fruitless attempt to launch a business. This has used all of our savings and left us with overdraft and credit card…
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Okay...where do we start
I expect this is going to be lengthy, so thanks for sticking around. I currently own my house outright - my name (along with my mothers) is on the deeds. My mum, bless her...remortgaged her property and gave us the money to buy our house outright in 2008. My husband and I pay the monthly installment into my mums account…
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what to overpay on part and part mortgage
Hi, our mortgage is in three parts £4000 at 5.9% for a brick garage which I am currently overpaying. £48000 on interest only which has an endowment with an £8000 shortfall, matures in 8 years, 4.9% interest on this bit. £45000 repayment at 4.9% I will have paid off the £4000 by spring next year then I am going to start on…
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Money for mortgage.gift from grandparents
Hi all.please help.my grandparents want to give me 20k towards my house.how can they do this best without paying any charges (tax) so I don't get in trouble.we were thinking of having a loan like system where I agree to pay an annual fee to them.although this would be seen as dept I would of thought.thoughts would be…
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Overpayment
Hello, I'm just after some help, I currently hold a nationwide mortgage fixed for the next 3 and a half years at 3.69% The balance at the moment is 106,000 with 27 years remaining. My monthly payment is £522 and I currently over pay the max which is £500 without any penalties, I've just spoke to nationwide and they've said…
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Advice for a first time buyer
I would be really grateful for any advice. Me and my partner are first time buyers desperate to get a mortgage as soon as possible. However, although I am employed (14K) I have a 'terrible' credit rating as I was regrettably, very silly with credit cards in the past and have approx £4,000 of debt being handled through debt…
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Do I have to use all my equity when moving?
Basically as the title says. Looking to move, roughly £40,000 equity in current property with £60,000 outstanding on mortgage, but owe £8000 in other debts. Can I use £8000 of that equity to pay off my debts or do I have to use the full £40,000 as a deposit on next property. The next property will have a mortgage of no…
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Cemap training course?
For those who have done 5 days training course worth it? Or would you rather study it on your own?
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Applying for Halifax mortgage in-branch
Hi everyone, After toing and froing with an unreliable mortgage broker, we have decided to apply to Halifax directly and have an appointment in-branch to arrange the mortgage. We are hoping that this will be pretty straightforward and we will finally be sorted with our application. Can anyone please tell me how long…
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Affordabilty calculations - % of overdraft and credit card
Hi, I have been talking to a couple of potential lenders re a remortgage. There seems to be a variance in their affordability calculations where some lenders will calculate a % (2-3%) of the debt and some will take the min. monthly payment, has anyone else experienced this? Is this normal? Thanks, KH
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Brokers opinion?
Hi All, Would a broker mind running their eye over this, want to get an idea of where we are: My wife and I are first time buyers currently in Belfast: We have a joint income of £52k and a deposit of £15k, joint debt of around 5k so not a great deal going out monthly, we are looking at a new build at around £150k I have 2…
