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Mortgage for Poor Credit history
Hi all, I'm new to this forum but I;ve been a regular viewer of the last few years and the content has massively helped my morale and given me tips on how to bring my finances in check, so thanks for your help everyone to start! :beer: I have a poor credit history but have spent a lot of time bringing it back in order, I…
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Interest rates
Hello Just wondering if anyone could give me any info about interest rates. We are about to buy a new mortgage product & not sure what to go for. Interest rates are supposed to go up in the near future, but we have been hearing this for the last year or so & nothing has happened. Does anyone think they really will go up in…
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Poor credit score due to available credit
Hi all, Our house it currently up for sale and we will be paying off all debts with the equity from the sale and should have a decent deposit. The problem is that my credit score is showing as poor on Experian, but there is only one negative factor: The usage of your available credit indicates a higher risk. We have…
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sole mortgage joint tax credits
Hi I'm hoping someone might be able to advise. Is there any lenders that will use joint tax credits on a sole mortgage application? We previously had an offer from Halifax be in march which ran out in October and my broker now tells me that the no longer take joint tax credits unless it's a joint application. The issue is…
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Moving home mortgage advice please
Hi, new to this forum so please be kind. House is up for sale for 3 months, not found one to move to yet. Spoke with mortgage lender before marketing house to get an idea of what they would offer me as i need to borrow more (approx 25K). Have 26 years left on current mortgage (approx 70K) (am out of the fixed period) so…
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New mortgage deal question
Probably a stupid question, but advice appreciated! 2yr Nationwide deal finishing, can't be bothered to shop around so willing to stay with Nationwide. House purchased for £190,000' currently owe £156,000 over 23yrs (80%) LTV or thereabouts. House is now worth about £225,000. Will Nationwide revalue and base my mortgage on…
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Help to buy, shared ownership or delusional?
Hello all. My apologies if this message is not well written but I am using the worlds ropiest laptop and the keys are a bit temperamental. I am hoping someone could tell me if I am being delusional in my hopes around getting a mortgage and give me a nudge in the right direction as to what scheme would suit me best. I have…
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Mortgage Quote From Broker
Can some please give me there views on the following quote I have been given from a mortgage broker with a property worth around £200,000 and a deposit of £30,000. So a LTV of £170,000. The following rates should be available to you: 1) 2.44% fixed until 28/2/17. Payments £760 over 25-years or £670 over 30. A product fee…
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Charging orders on your mortgage
Hi, my husband and I bought a house in 2004 for £278.k it's now worth £370k, we got in to debt, although now all paid off, but still have 30k on a charging order against my husband and the house. He earns about 100k per year, but due to charging order his credit is not good, we rent the house out and rent a house…
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Time to renegotiate mortgage - what to do??
Hi there, We moved into our our second house nearly three years ago. We took our old mortgage with us, now worth about 125k, this is a mortgage on base rate + 2%, so we pay 2.5% a month, worth around £650. We then have a second part to the mortgage which we took on a 3 year fixed at 4.4% (this is the part coming to the…
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Porting mortgage
Hi, Probably stupid question. I'm thinking about selling my house and moving next year. I still have 13 years left on my mortgage. I've heard about porting mortgages, but I wondered whether there was a certain time period that selling and buying had to be done by i.e I sell my property but perhaps I don't buy another for 2…
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Please help, Morgage with ex she won't sell
Hi, I brought a house with the ex 7 years ago on an interest only morgage. We split 3 months after buying it, I moved out and as the interest rates went down she can afford the morgage. We have one child together and she has another child from a previous relationship. All this time I have been moving around , renting etc.…
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remortgage to buy another house
Hi all I currently have a mortgage on the property I'm living in. The property is worth £130,000 and my mortgage is £90,000. I'm pretty sure I can't just remortgage the property and use the £40,000 equity I have to use as 100% of the deposit for a second home. How much money from my own savings must I also put down to make…
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Supply teacher mortgage
Anyone know the best lender to approach regarding a mortgage for a supply teacher of 5 years and a full time permanent teacher? We have a 41000 deposit and our combined gross income is 65,000. We are looking at 85% LTV. We have a DIP in place which says we can borrow up to 310000 but we want to borrow 229500. No credit…
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Buy to let with no income
Hi All, In February I would like to remortgage my property to a 'buy to let'. It has a lot of equity in it and any rent (probably £1400pcm) would more than cover the mortgage. It is becoming difficult to afford the mortgage (currently £1300pcm). The problem is that I have no income. I understand some mortgage companies…
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Nram Payment Holidays
I have a mortgage with NRAM. They seem to have changed their rules with regards to payment holidays. In the past if you paid 9 consecutive months then they would let you have a months holiday (payment would go up by approx. £5 after that). Now they seem to be doing a credit check as part of this process which they…
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Remortgage but now have debt.
Hi, Myself and my wife are due to remortgage in May 2015 but our circumstances have since changed and now have £40k debt from around £2k when we orginally got the mortgage. This debt has occured due to gutting the house etc. We will have around £133k left to pay come May 2015 but the house is now worth in access of £200k…
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Mortgage Offer Confusion
Hi all, I am hoping someone can help me - I am currently waiting for a call back from my broker, but I'd like to understand a bit more about this before I speak to her. Basically, I have just had my mortgage offer through for a new build house that is due to be completed in May/June time. I have applied for a 2 year fixed…
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Likelihood of mortgage
We are a young couple. One of us is a professional on a permanent contract, the other works full time at an educational charity on a permanent contract. Our combined income is about 64 thousands. We have no debt other than that in mobile phone contracts and insurance policies. If that even counts as debt and student loans.…
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End of fix
Am I correct in assuming that when my fix comes to an end, I can have the property revalued to recalculate my loan to value? We bought a fixer upper and have almost completed a total overhaul. two years ago we only had a 10% deposit/equity so the rate we got was terrible.
