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Will we be declined a mortgage 2016...trying to improve credit score
Hi All, Thank you for taking the time to read. I was out of work after the birth of my son and missed payments from roughly Feb-June. Not every month but a lot of months. My credit score is poor due to no electoral roll which is now being sorted but mainly the missed payments obviously. I am making each payment each month…
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Doing Contract Work & Mortgages
Hi, I currently have my house on the market and I work full time. Not I've recently been given the chance to do contract work where the money is more than double than I'm currently on. My worry is once my house is sold how would contracting work affect my chances of obtaining a new mortgage? From what I understand I would…
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offered a mortgage with a ccj?
Anyone out there been given a mortgage when they had a ccj on their credit rating but no debt outstanding?
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Get another buy-to-let or pay off mortgage first?
Hi, I currently have 2 houses, one which I live in and a buy to let, not sure what would be the best thing to do pay off extra of mortgages I already have or try save up for a deposit for another buy to let and have a 3rd house?
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Residential and Buy-to-Let Mortgage query
Hi, I currently have a property with a standard residential mortgage and am looking to remortgage. However, plan is to buy another property as my main residence and rent out my current property. My queries are: 1. Is it better for my current property to be on tracker rate rather than fixed term? Would either make it easier…
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mortgage on ex council house with covenant
Can anybody suggest a mortgage company that will lend on an ex-council house with a restrictive residential covenant (have to have lived in area for three years prior to buying). My buyer has been to four mortgage companies - HSBC, Nationwide, Nat West and another, and they all said no because of the covenant. I had no…
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Joint mortgage only one credit check?
Hi all We have had our mortgage offer for over 5 weeks now. However looking back I haven't had a credit check?!?! We only had to send in payslips, P60 and ID. My partner has got several showing on his from the bank. However mine has none at all! Not even at AIP stage? Is this right? I know I'm being daft but can't…
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RTA discount as part of the deposit
Hi does anyone have any experience of any mortgage providers that will allow All or part of a £16000 Right to Acquire discount to be included as part of the deposit? for example I have spoke to both HSBC and Santander, and there policy is that they calculate the LTV based of property value £86000 - £16000 Discount so…
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First time buyer looking at mortgages - fixed terms
I am a first time buyer in the process of buying my first flat and there are a lot of mortgage options out there. I would like a fixed rate mortgage as knowing how much my repayments are going to be is very appealing, especially as this is the first time I will be responsible for all household bills etc. The main choice is…
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Second residential mortgage to buy parents a house- is this possible?
Hi - need some help please. Can I take out a second residential mortgage to buy my parents a house without having to get a buy to let mortgage? They are both over 60 and would live there rent free. They are renting at the minute to be close to our young family but do own a property about 50 miles away outright. Not sure if…
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First time buyer - seeking advice
My situation: My partner and I was rejected for a 95% help to buy mortgage by Natwest, who I bank with, because I was using my overdraft. Each month I would use my overdraft, get paid clear it and then use it again. Since being rejected on the 21st August (took 4 weeks to get a response) I have taken the following steps: *…
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Valuation Delay
Hello! I am currently awaiting valuation on the property I am trying to buy. After chasing for a few weeks I have now been told that due to surveyor annual leave at Colley's (Halifax surveyors) it has now been forwarded to Legal and General. Does anyone have any idea how long they'll take to do the valuation. It's so…
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First time buyer.
Good Evening all, I'm just after your thoughts and advice really. I am a 21 year old who is in a position to buy my first house. First off, for a first time buyer like myself at 21, is a 5 year fixed at 3.39% a good start? I have £40,000 to put down for a deposit and I'm looking to buy a place at 80-90k. Would you say this…
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First time buyer - with defaults
Hi All, Before approaching a broker for some advice I just wanted to double check if anyone can help and give me an idea of what a likely response will be. My credit report is 'poor' - started last year and only virgin media and a credit card, although all paid off in full. Partners credit report is poor and there are 5…
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halifax mortgage offer!
well today i got the very excting news we had been waiting for, we finally got our mortgage offer from Halifax! ive been checking my experian credit report through the whole process and so far at dip we had unrecorded enquiries so have been waiting to see the hard check showing as first mortgage (was expecting this before…
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HSBC Building Survey and Valuation Report
Has anyone had any experience using HSBC for both Building Survey and Valuation report? The house I am looking to purchase is 113 years old so before I splash the cash I would want a full structural survey. The property is not a listed building so it is not a prerequisite of the mortgage. Should I go with HSBC for the…
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Is a mortgage agreement by email legally binding?
This is a complicated matter so I will explain it the best I can. 5 years ago I agreed a private mortgage with a long-standing good friend. The mortgage agreement states that the first 2 years would be interest payments only mortgage and after 2 years a new 25 year mortgage agreement would be formulated. There are no dates…
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Advice needed ASAP
Hopefully someone can help. I've recently gone through a mortgage application for a 5% mortgage. Everything was approved and the bank took the money for the searches to complete. At this point I instructing a solicitor to start the process of drawing up the contracts for the sale of my property and purchasing my new…
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Is multiple credit cards unhelpful
We have just had a mortgage in principle approved. One of the long debated discussions during the mortgage interview was the fact that I have 7 credit cards with total limits of 68k even though i only owe 8k on them. Would I have been better closing a number of these credit card accounts before applying for the mortgsge or…
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Anyone had a First Direct 5 Year Fixed who can help.
We have been offered a 5 year fixed rate mortgage LTV 75% at a rate of 3.29% with FD If I pay the £950 fee they will hold this mortgage for us for 6 months. My concern is that if something happens and we cannot sell our place its quite a loss of money to lose. Also If I accept this and does anyone know what other hoops I…
