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Meeting mortgage advisor today and noticed ERROR on credit report!
Did a balance transfer from Barclaycard CC to Lloyds CC back in July and closed Barclaycard account. Double checked credit report yesterday and discovered the amount is still showing on my Barclaycard, AND now also on the Lloyds card! So essentially, it looks like I'm in double the debt!!! Not what you want on the day you…
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Mortgage take over after split
My partner & I have recently parted ways. We have a joint mortgage & joint overdraft as well as 2 separate bank accounts. We have recently found that the account with the overdraft has had a default put against it. If either one of us was looking to take over the mortgage on our own is this going to affect us. Would the…
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Car insurance quote/renewal affect my mortgage application?
I am currently going through a mortgage application and my car insurance renewal quote has come through (Tesco, £98 - £20 more because I reported that someone crashed into me but there was no damage and I wasn't going to claim). The deadline to renew is the 18th September - crucial time in the mortgage application process.…
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Natwest re-mortgaged on incorrect LTV & lack of advise from bank
Experts I purchased a repossessed property [around 15~ below its market value] in March 2010. Some mortgage details & timelines are as below before I explain my question. Lender - Natwest Application - first time Date - March 2010 Mortgage period - 2 years fixed LTV - 85% When the above deal expired I remortgaged with same…
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90% LTV with car loan or 85% LTV?
Hi, As FTB, had a mortgage in principle done in June for £180k (NatWest)but when we tried to buy last week for £135k having found a repossession we got rejected by the same provider. Having looked on experion i cannot see anything that has changed since June so really not sure why with a smaller loan they have said no. Our…
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Surely it's not that unusual???
Sorry for the long post... So today I have been turned down on a buy-to-let mortgage from NatWest and I'm feeling a bit baffled! In March, my mother died leaving her house to myself and my three sisters. I want to use my 25% share as equity to get a buy-to-let mortgage and buy out the other three. The finance all adds up…
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Mortgage / Loan Advice
Hi guys hoping for some advice as not clear what is the best option for me. I have been saving for a while and built up a deposit with my girlfriend of 15k for our first house, however I have had previous debts with overdrafts and credit card and want to clear those before applying for a mortgage. I have been paying off a…
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Redeeming Offset Mortgage - interest questions
So my savings now equal my offset mortgage meaning I no longer pay any interest so the monthly payment is capital. I will contact Lloyds and ask them for a redemption statement which I understand will be for a future date and will probably include interest on the whole sum currently owing (this is my assumption). Once I…
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Splitting up with a joint mortgage
Ok my partner and i ware splitting up and he is starting to be a 'bit funny'. Basically when we bought the house, I 'transferred' the mortgage from my previous property (new one was cheaper) as we didn't really have money for a deposit so this was the only way to buy the house. Last year, we remortgaged and he put in £5000…
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Recommended Bad Credit Mortgage Advisors
Hi I am currently on a DMP with Stepchange which started off at £44k just over 12 months ago, but after receiving a healthy compensation claim for a personal injury, I have just managed to clear all but one creditor via full and final settlement offers, and now only owe £4k to Tesco. Due to the F&F offers, I will end up…
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Remortgaging to realize assets....
Hypothetical question..... Me and my 2 sisters have a couple of Buy to Let houses .... one with something like £80k Equity in it. Mortgage owed about £55k, house value roughly £140k We make no money from the house as it is just sort of buying itself. Could we remortgage it back up to 100k and use the £45k to pay £15k each…
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Help to buy mortgage guaranteed rates
When applying for a Help to buy mortgage guaranteed, I know you only need 5% deposit (remembering the government does a deal with the bank to put the remaining 20% although I still need a 95% mortgage), but when getting the rates from the bank, would you get the 75% LTV rates of the 95% rates? Thanks
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What type of mortgage??
Hi I'm looking for some help. My son is about to purchase his first property. He has a good solid deposit saved up but he does not know what type of mortgage to take? Currently torn between a fixed rate deal or an offset mortgage. He has attempted to see his bank but they have advised him to find a property first. - Which…
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need a buy to let mortgage
I have a let-out leasehold maisonette which I need to re-mortgage. It's my only property and currently on a residential mortgage. My existing lender wont allow me to convert to buy to let because my own salary is not high enough. They also do not allow a buy to let if I don't already have a residential property I live in.…
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Morgage Help Needed Please
I am looking to buy a house that is in need for some serious updating i have been accepted for a morgage and have my deposit to put down to get on the property ladder and the hosue i am looking to buy is worth approx 70-80k so what i am asking is am i able to borrow more than the 70-80k to be able to update this property…
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Mortgage on 12 month contract
Hi, My wife is in full time employment, and I have been running my own business for the last 2.5 years. I accepted a 12 month full time contract with another company and am 1 month into this. My question is whether I can get a mortgage based on my salary on the 12 month full time contract. Its direct with the company and…
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Re-mortgaging a self build?
Hi, I'm planning on self building my very first home (still living with parents). It has been my dream to get in to property investment however my own house must come first unfortunately! This means a lot of my current finance being tied up in this build making it impossible to invest in another property for buy to let…
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deposit saving
Hi, Does anyone know if there is a specific thread on here about saving for a house deposit? and also where to find hints and tips on saving for the deposit. We have an amount of money from our previous house sale but need to save more in order to move from our rented property to a bigger house. We moved a fair distance so…
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tracker mortgages - no early redemption fees?
This is something I have just noticed. I have always gone for fixed deals when I've re-mortgaged in the past. The fixed deals usually have a penalty for exiting the deal early, usually 3% of the balance. However, I have noticed that tracker rates don't have this penalty. So if I wanted to re-mortgage again or sell property…
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ILA Certificate Remortgage
Probably been asked a number of times before but not able to find a thread - has anyone gone down this route recently for a remortgage as a prerequisite determined by the lender prior to approval? If so how much did it cost and how long did it take? Majority of loan is home improvements, small amount of consolidation in…
