-
Should a mortgage be based on current condition?
We are in the process of buying a house and Valuer has valued it at purchase price with £10k retention because he wanted a damp/timber report, an electrics report and also noted some disrepair to roof and directed that a competent roofer should be instructed to undertake repairs. We have had electrics and Damp/timber…
-
Affordability Calculators
Hi There, Quick question if I may. Do affordability calculators factor in the 'stress test' when producing the result? Many Thanks
-
Can we do this?
Hello, long time lurker needing help! I was wondering if someone could give me some advice on whether it is likely that me and the OH will be able to obtain a mortgage with the following information. I understand that it will be very subjective and we do plan to see a broker in the new year but don’t want to start anything…
-
mortgage for oaps
Need advice please. Who can I talk to about an elderly relative who was given a 25 year mortgage when aged 75? Basically, should they have been given the mortgage? Many thanks
-
Cant get BTL Mortgage No Credit History
Hi I have be rejected from a BTL mortgage because i haven't got any previous mortgages. I have got a credit card through Nationwide with 3200 allowance on it. I have been using it and paying it off in full each months. How many months before i will have some history to apply again. Is there anything else i can do to help…
-
Bank of scotland action required on interest only mortgage
looking for some advice, i have a buy to let interest only mortgage with BOS, they have sent me a letter asking me how i will repay the mortgage i have 7 years let to run. The options are 1) i have a plan 2) i have a plan but dont know if it will cover it 3) i dont have a plan My question is do i hav eto tell them and if i…
-
ccj and a mortgage
We had an aip done last night with natwest. I had a ccj which I was convinced was in December 2008 but after checking my credit report today it's showing as July 2009. I have no late payments since the ccj and we bank with natwest and I have obtained a credit card from them no problem around 2 years ago my partner has no…
-
Se
Hi We have recently seen a new mortgage advisor (at the estate agents) after previously being messed around and getting fed up of our independent broker giving us different and incorrect figures of amounts we could borrow. I'm just after a second opinion. Our situation is this my partner is self employed, I currently stay…
-
First Time Buyer - Large Deposit
Hello, Looking for some advice or an educated guess regarding my current situation. I am a first time buyer looking at buying a property around the £100K mark. I have a below average credit history according to the generic scores on the credit websites such as Noodle and Experian, but I have no defaults, CCJ or arrears. I…
-
Standard Life / Barclays mortgage scam??
Hi Money saving experts! I am reaching out to anyone with a Standard Life mortgage that got transferred to Barclays in 2006. I want to know if the extra mortgage I got stung with was just an unfortunate error, or a bigger bank scam. When my mortgage with Standard Life got transferred to Barclays after sell out, I got a new…
-
Mortgage possible for professional gambler?
Hi all, My friend (30yo) is looking to get a mortgage for a property in South London, probably a flat because of budget but he'd prefer a house. He's a professional poker player, has played for around 8 years now and makes a good 6 figures every year. He's currently renting but has got to the time where he thinks he's…
-
Need 50K desperately
Hi - hope some clever person can help. This is a house moving dilemma. My wife and I have a joint income of around 22k. She is not working at the minute as she is looking after our 3 year old son. Her occupation however is a teacher so she has quite a good earning potential. We currently owe 78k on our home which is valued…
-
real effect of late payments
Hi Guys, I know that late payment markers are on your credit file for 6 years and that they can affect you from getting mortgages ( or other credit). Lets say if someone had lots of late payments like 10+ ( only '1' markers) on their credit file BUT all of these were 2-3 years old and they had made all payments on time…
-
Refused Mortgage because of unknown debt
Help Please! I have been refused a mortgage because of missed payments on my credit report. This has turned out to be for a Vodafone contract I knew nothing about. I tried to fight this with Vodafone but got nowhere, so I took my case to an ombudsman and they have agreed with Vodafone and the bad marks will stay on my…
-
Ex Bankrupt
Been on here before but still a little worried. I am an ex-bankrupt (discharged since 2004) and my fiancee had an IVA in 2007. Both of which are not on our credit files. I have a barclaycard with 5K on it (paying it off 0% over 36 months) and we wish remortgage our home. We are looking for 107K, house worth 185K. Income…
-
Getting nervous - pre offer checks
In the process of getting a mortgage with Post Office. All documents sent AIP approved. Get a email from broker to say our mortgage is at the "pre offer stage" no idea what this means or if it's good??? Another restless night I guess. Such a stressful time is this house moving/buying malarkey.
-
source of funds
Hi All I hope someone can give some sound information for us. Mortgage offer we were expecting at £325k but is £240k £85k less than what we need. Property price £580k So, we thought this might be the case and in the meantime told 3 of our friends who we lent money to a few years ago that this may be needed. Source of…
-
Accord New Build
Has anyone any experience dealing with accord? We are applying for a mortgage and the advisor has advised us the best interest rate for 3 years fixed is 2.64% with 1200 for fees. This with accord. The interest rate after the 3 years is 5.79. We have our current mortgage with accord but have been on a variable rate over 5%…
-
Benefits & savings, mortgage likely?
I am not working due to disability. Since being on disability I pay a £525 rent and have accrued £30,000 savings plus £10,000 I already had. It's frustrating that I don't believe I could get a mortgage but it would cost me less for a comparable property than I pay in rent and I would be able to get a more suitable property…
-
Can we remortgage?
Hi, im new to posting in the forum, but would appreciate any help. Long story short, my partner was made redundant 2yrs ago, got another job paying half the salary he had been on before redundancy. As a result we defaulted on loans, credit cards etc - we have NEVER defaulted/late payment on mortgage, council tax, utilities…
