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Life Insurance
I'm not not sure if here is the best place for this question but it relates to a mortgage....so here goes. A friend of mine has a joint mortgage with her husband for their home. The mortgage still has another 15 yrs or so to go on it. Sadly....she has been diagnosed with incurable cancer, although they are hopeful she will…
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Mortgage broker - is this a reasonable deal?
I am in the process of buying my first property, and have contacted an independent mortgage broker and he has quoted me £595 in fees for arranging the mortgage. I selected this broker based on favourable reviews on checkaprofessional dot com The mortgage would be offered through Accord Mortgages who can get me a loan of…
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BTL confusion
I currently have a residential mortgage in my sole name. It is around the £70k mark. In a few years I'm considering changing it to BTL by which time my mortgage should have dropped to £60k with overpayments . Rental atm is roughly £900pm for my apartment so I will easily meet the 125% rental income expected with my…
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FTB distance and savings
Hi again. Couple of things I've picked up on and if we can get these ironed out. Me and the have different accounts and there is roughly £500 a month going into both our savings. Just say we go for a joint mortgage and we have 6.5k in each savings account will this effect application? Is it best to have it in one account.…
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Anyone have a Cheltenham and Gloucester mortgage?
Hi I was just wondering if you have had your annual statements yet? Mine usually comes around new year but i haven't had it yet Thanks
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Will I have any problems getting a mortgage?
Hi all, I have an annual salary of £20.000 and a good credit rating. I am looking to buy a flat in the region of 95k with a deposit of £50.000. The thing is, for the last 12 months I have been working for a British company based in England, however I have spent most of my time abroad working as an international adviser…
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Mortgage overpayments to reduce term
Hi guys - I wonder if any one could offer any thoughts. We are 2 years in to a 30 y mortgage and our fixed term deal is coming to an end. Our plan was to reduce the term by paying a lump sum when the mortgage switches to the svr and then sign up for another fixed term. Ideally we would want to do this several times over…
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Early Arrears on Mortgage
Hi, In 2009 my husband was in hospital and I was unable to make our full mortgage payment one month, however I did pay half and then I arranged to pay a little extra each month to pay the remaining half off, what I stupidly didn't realise was that it was showing as early arrears on my credit file for a few months until I…
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Mortgages with default on account Whos got one ?
Ok so i was wondering who has been accepted for a mortgage with defaults on they account If you have could you tell me the rate your paying how old the defaults are or was when you applied for a mortgage who they are with i have 2 defaults on my account 1 for 1.5k and one for 7k both with NatWest which i settled this week…
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Mortgage rate
Hi I have a query I am currently on a dmp with step change and my fixed rate of mortgage is coming to the end, just wondering will I still be offered the best possible rate, or will I only be offered the higher rate because of the dmp.
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Porting a nationwide mortgage and taking new one to cover purchase.
I have no experience with this and want some help. I have a £150,000 mortgage with nationwide at 2.5% with unlimited overpayments allowed which you can then use for payment holidays if needed. I need a new mortgage at of total of £327,000 which would be 85% LTV So i assume i will continue my normal mortgage at a monthly…
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First Time Buyers - Nationwide?
Hi all new on here, Me and my girlfriend are currently looking to buy a house £130K ish and are first time buyers with 13K Deposit Currently both in full time employment and have combined earnings of around 36K and both have no debts or any balance on credit cards just have two Mobile contracts. I see nationwide have the…
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Buy to let mortgage
Hi guys, I'm looking at getting a buy to let mortgage. I have around £40k to put down as a deposit against a property that will cost around £80k so I think I will be OK in that respect. However, I also have around £30k of credit card debt which I'm using to stooze (this isn't the deposit money). My question is will the…
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Getting a second mortgage... What are the rules?
Me and my partner are looking to buy a house together. I have owned a flat for nearly 10 years which has only just come out of negative equity but would only make a slight profit. My partner owns a house which he stands to make a 30k profit on. We both have secure jobs earning £25k a year, we're 34 years old and have a…
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Gifted property dilemma.... remortgage?
Hi I am new to this and clueless! so.... My late grandmothers house has been empty for a year (my Grandpa owns it, no mortgage, and wants it off his hands) sounds simple... however he has 2 daughters that want 'some' money from it. Me and my partner desperately want it to raise our family but cannot get a mortgage outright…
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Mortgage offer but thinking about changing jobs
I currently have a remortgage offer and I have just signed the land registry paperwork to send to the solicitor, so I think I'm only a few weeks from completion, Am I suposed to tell the mortgage company if after I have completed I am looking at changing jobs? I wouldn't hand in my notice until I have completed but I have…
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Light footprint credit checks
Hi all When we were doing an initial application for a mortgage promise from Halifax the adviser said that she would need to do a credit check. She mentioned specifically that this check had a "light footprint" and that it would only show up on our credit files for 30 days. Can anyone confirm if this is correct - that the…
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Adverse Credit History, large deposit
Hi All, I had a loan and overdraft that went into default in 2010. Went onto a repayment plan and fully settled March 2014 (9k). I currently own outright a property worth 160k which would be used as a deposit. I would be looking for a mortgage of around the same therefore a 50% LTV although I could go for a cheaper…
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Nationwide shared ownership mortage
My partner and I are looking to buy our first home. Shared ownership with a 15% deposit meaning the amount we need to borrow is £78,200. My credit rating is good, his is excellent. The only thing holding me back is a recent missed payment on a phone bill. Do you think I should give up hope? Or give it a go with nationwide?
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Equity release
Hi we have 100k left on our mortgage and the property's market value is 220k so there is a fair chunk of equity in the house. Problem is my credit rating on experian is poor is there any way we could release some of the equity in the house looking to release around 6-8k
