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Mortgage Credit Query
Hi All, I missed a mortgage repayment some days ago as my salary was paid into my accout late which as resulted in the usual bank fees. I phoned up my mortgage company today to pay off the missed amount and they told me that I have £300 credit from an overpayment they took from my account in May 2013 when the mortgage…
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Mortgage and Maternity
We are hoping to move house early next year. I am self employed and last year I had 9 months off maternity leave. My self employed income was quite low because of this, but added with the maternity allowance money I got, it is a better figure on paper. I know I need a SA302 form to prove my income with the mortgage…
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Helping out a friend...
Hi all I have a quick question that I'm hoping you can answer for a friend of mine, yes, actually is a friend lol they bought a house together in April this year. He put down 5k and she put down 3. She is not on the mortgage at all but they did sign a declaration of trust stating that she is entitled to her deposit back…
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Getting mortgage to purchase an ex-council semi-detached property
Good Morning All, I need some advice regarding to mortgage. I am a first time buyer and I have a mortgage certificate from Barclay & Halifax. I was planning to buy a 2002 built semi detached house(offer accepted) but unfortunately the seller let me down and sold it to her former partner instead(complicated situation). I’ve…
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what is insurance for ?
my sister in law has had a very stressful time lately...my brother died two months ago but at least she thought "i don't have to worry about the mortgage ,we have insurance to cover it".After contacting the insurance company she was told that she should furnish all the relevant paperwork and all would be taken care of in…
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Cheshire Mortgage Corporation
I have a default on my file, it was entered for £16,000 2 years ago and it's ongoing @ £200 per month, now showing just over £10K owed. Reasons for default is pig headed attitude of the credit card company doubling my interest rate, having missed one payment because they changed their direct debit details. So, I now have 2…
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Void Mortgage?
Hi, I'm curious as to what this 'void mortgage' is. From what I've seen, it pertains to the legality of repossession (possibly by force) of a mortgaged property where it has been decided the occupants must be evicted. There's a lot of misleading information (isn't there always) so I thought I'd try a trusted site for its…
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Likelihood of acceptance?
Good Evening, I have a viewing on a property Saturday and although I've only seen the pictures thus far will probably be making an offer (it is a steal). The property is currently on the market for £83k however have been tipped off that the vendor would accept £80k. I have 10% deposit so therefore require a 90% mortgage.…
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Nationwide Mortgage Overpayment - can I get a refund?
Hi everyone, I made a massive error tonight using my Nationwide app and sent a payment from my flex account to my Nationwide Mortgage instead of my credit card! I phoned up Nationwide and they put me through to mortgages who said I would need to wait till Thursday morning for the payment to show up and "they will see what…
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Is now the time for me?....
Hey all, would really appreciate your help and guidance. I am currently in rented accommodation but the lease will end early spring next year and I am gearing up to potentially buy. I would love our own house to call home. I am a single mum who works full time, brings home an income of £30,000 plus approx £10,000 per annum…
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mortgaging against an existing property when I'm currently unemployed
I'm lucky enough to have bought a city property outright some years ago with money left to me in the family. For the past 5 years I've let the property out while we've lived in a cheaper rented property in the country. We have a toddler so I haven't been working and have relied on rental income. My partner went…
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Made an Overpayment now Bank failed to take monthly mortgage payment
I decided to pay a lump sum off my mortgage (below ERC limit) and my bank asked if this was to reduce the monthly payment or term. I said term but my monthly mortgage payment has not been taken by direct debit this month. Any reason this would be?
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Buy-to-let for a first time buyer
Hi all, I am a first time buyer with my wife. Her parents live abroad and we are currently living in their house in the UK, which has no mortgage left on it. We are able to put down a 15% (maybe 20%) deposit on a new property that we would like to buy. However, we were wondering whether we could get some form of buy-to-let…
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Mortgage Deposit
Ftb question may sound stupid so please go easy on me. I am considering applying for a mortgage does the deposit have to be in the bank when applying the reason I ask is I will probably sell my car and recieve a gift as a deposit if accepted any help would be greatly appreciated thankyou
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Initial interest question
I'm due to complete soon but my mortgage adviser has told me that initial interest means that the lender applies an interest rate on our mortgage balance from the day we complete to the day we make our first mortgage payment. He said worst case scenario is that the interest will be double and our first mortgage repayment…
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Age and mortgage applications
Is there an upper age limit on applying for a mortgage? mogs
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Mortgage and electoral roll
Hi My sister and her family moving abroad for couple of years. They asked us to use our address until they moving back, for a hmrc, bank, car insurance, electoral roll etc. Will this affect my position when I would like for example to remortgage our house? I think the lenders using electoral roll data and I am not sure.
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Credit Report Looked at by Building Society
Hi, why would Kent Reliance (the BS I have applied for a mortgage with through broker) look at my credit report every monday? so far they searched it on 29th sept, 6th Oct, 13th Oct I have had an offer in principle last week on 6th Oct so why are they looking again the following week?? all this 'snooping' makes me feel…
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complicated situation (mortgages)
I have a house worth 95k and 89k outstanding with nram. I rent this out50 k, I have to top up the mortgage by £70 per month but will continue to rent this out as an investment as after fees we may or may not only break even if we sell it. my partners house is worth 168k ish (had offers) outstanding mortgage 100k. We want…
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Buying out ex's share of jointly mortgaged property
Hi, my husband and I split up 6 months ago. Myself and our 2 children (aged 14 and 12) still remain in the jointly morgaged property and I pay the full mortgage and bills (my husband is renting privately and gives me a weekly maintenance payment). Our joint mortgage current deal is up for renewal in February 2015 and I…
