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Halifax mortgage - Post DMP
Hi there, I currently own my own home and have a mortgage with the Halifax. I've never had any repayment problems and met the mortgage payments every month for the last 4 years. Shortly after getting the mortgage I realised I needed to take decisive action with the level of unsecured debt I had. Roughly 3 years ago I…
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Building Society mortgates
I am looking at mortgages, i have a good credit profile. It seems that all the good rates are with building societies, are they difficult to get a mortgage with them? if not, why is everyone not using them P.S i did get a mortgage in the past with HSBC who are know for being quite conservative. thanks
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House Undervalued by 9%, any advice?
I just received by mortgage offer for a 3 bedroom bungalow with 2 reception rooms that I am buying for 220k, which I usually good news, but according to the qualified surveyor the 'purchase price is considered high and is not supported by evidence of sales of comparable properties in the locality.' and 'The properties…
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Urgent mortgage help or sale might fall through :(
Hi there I am in the process of buying my first house for me and my 4 year old son after a very difficult divorce, and nearly 4 years of living back at home with my son and parents (plus father has MND, but thats a whole other issue). Anyway, mum is having to come on the mortgage with me as guarantor, to bump up the loan…
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10 year fixed or carry on?
I currently have a mortgage with the post office, through the bank of ireland. About 6 months I decreased the term of the mortgage from 22 years to 11 years. I currently pay 1.49% interest plus BOE 0.5, so 1.99 in total. Nationwide are doing a 10 year fixed for 3.49%. Question is, do I do it now??????
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remortgage in debt management plan
My wife and I got our first mortgage in January this year, had no problem getting it and bought our dream home. Sadly in march I was made redundant unexpectantly and was out of work for a month, but did find work again although I was on much less then I was when taking out the mortgage. My wife also had a job change right…
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Advice on 1st mortgage
Looking to get a mortgage soon. Wondering what the chances of getting a mortgage are...here are the details I'm 33 and currently living with parents. I have just started a new job, the basic wage is quite low but with overtime its pretty decent (it's HGV driving, guaranteed overtime) The previous 2 years I've been doing…
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Mortgages & IVA
Please help, we have 12 months remaining on an IVA. Can we swap our mortgage to a better rate, or are we tied into our existing lender forever more? Thank you.
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Buy to let mortgages and property condition
Hi I'm looking at getting a Buy to Let mortgage and the property has some minor work needs doing. You could live in it as is but I plan to improve the kitchen and put new carpets and repaint before letting it out. Will this affect how a lender will view the property or do the insist that it is in perfect condition? Thanks
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Life insurance declined - does it affect my mortgage?
Hi, I received a letter on Saturday to say that my life insurance application has been rejected due to medical reasons (I haven't had a full report yet but I expect this is because of all sorts of cancers and heart diseases in the family and me having some history of high blood pressure which is fine now but perhaps still…
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Home improvement Loan before completion
Hello, So far have placed an offer, had it accepted, got the mortgage in principle, had the surveys done & had the mortgage lender has offered to lend the money. We have a 5% deposit and are looking to complete as soon as possible. The property we are purchasing needs some work doing to it so we are going to take out a…
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Whats my best option?...
Myself and my partner are looking to buy our first house. We have a £100'000 for a deposit and are looking for a house at around the £160000 mark. So that's a £60000 loan. With our high deposit what would be the best deal we could get and roughly what would we be paying monthly? Not too interested in these initial payments…
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Pulling out of house sale, what happens to mortgage if we buy another?
We've decided after a horrendous survey to pull out of the house we're buying tomorrow. We've already made a list of others we want to view that are chain free so we can move quickly and not lose our mortgage offer. What will happen, we've made sure the houses would be the same price or cheaper than we've had approved.…
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Can i get the mortgage ?
I am looking for buy 3 bed house in East london or surrounding up to 230k, but i have 30K in hand and i earn around 25k a year. Can i get the mortgage ? based on my deposit and salary. My second question is regarding the joint application, my partner earns around 40k a year but can i make any clause on the mortgage papers…
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Mortgage Options
Hi everyone, I'm currently in the process of remortgaging, and have a meeting with HSBC to discuss switching to their tracker mortgage at 1.99%. I'm fortunate enough to be able to make significant overpayments, so I want to retain the ability to do this - which the tracker allows. Key stats: Valuation £270k Outstanding…
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Wrong timing to get a car PCP if remortgaging soon??
Hi. After Xmas, I'm going to sell my home and downsize. My credit file is good in the fact all my cards etc are all written as 'up to date' on my file with no issues. However, I do have a fair amount of borrowing. I've been reassured that doing a remortgage won't be an issue as I will have a huge deposit with 60% LTV and…
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Mortgage question and employment
Hoping someone can give me some advice and whether I'm worrying unnecessarily. I've found a property I like, and ready to make an offer. Already spoken with a broker to see how much could realistically afford to borrow. Haven't got a DIP as didn't want credit mark. I'm looking to borrow around 3.5 times salary and have a…
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Endowment Valuation issue
Hi, I decided to cash in my mortgage repayment plan early with Halifax Financial Services. I called them first thing in the morning and was told if I went in to a branch of the Halifax they could certify my request and fax all the details over to them. Importantly, if this was done before midday the value would be…
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Bad credit mortgage to buy council house ?
Do they exist ? I live in N. ireland in a housing executive house which I am entitled to full discount, which is £24000. Currently our rent is £380pm and we have just applied to buy the house. We are still waiting to get the final offer from the NIHE, but the valuer who they sent out said although he couldnt give us a…
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remortgage - newly self employed...?
hiya, at the end of december myself and my partner are due for a remortgage. I finish being employed in december, and will be self employed from january. I have bought a franchise, which means I guess i can 'prove' the potential earnings by asking the parent company to provide figures from previous financial years for my…
