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Big favour - ad hoc mortgage figures
Hi guys! If anyone could give some rough figures I'd be so grateful. My mortgage advisor is away for the weekend, and I could really do with some guidance for funds I need to gather quite quickly. I've secured a decent mortgage deal for a £225k property with a 20% deposit. It's just possible if I really pulled in some…
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Mortgage eligibility
Hi there I wonder if someone can give some advice? My partner and I are due to buy a house together in the summer. He has an impeccable credit history and a current mortgage. I have had previous negative history (within 6 years but worst was 3 years ago and resulted in 1-2 defaults) and have taken out payday loans in the…
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HSBC worth going for application again?
Hi All, I am a FTB going for a property which is already under offer. I was going to buy with my father joint however we got rejected by HSBC due to his age. So I decided to apply on my own. I'm 24 yo, have a permanent job at £27k pa with no loans, credit card paid off each month and good credit. The LTV is 58%, so quite a…
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Mortgage application and insurance search
Hi, My mortgage application is being processed and it just so happens that i need to renew car & landlord insurance. On my credit report a car insurance company did a full credit search on my exisint policy, of course the last thing i want is to do something which will compramise my mortgage application. Can anyone provide…
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Please someone give advice?
We are currently renting after moving out of our too small home. We were about to put it up for rent when we received an early inheritance. We didn't really want to rent out the property as it was recently renovated but we couldn't sell it for enough of a deposit to buy another home. Now we have the extra money we are…
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When is a gift not a gift?
Hi all, My partner and I have just had an offer accepted on our FTB home, so we're very excited. Naturally I'm already imagining every single thing that could go wrong between here and completion, and today I'm thinking about our deposit. We have 55k, which translates as just over 20% of the property price. 46k was given…
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What should I do before application??
Hi there, I am hoping to apply for a joint mortgage with my partner at the end of next year (I already have a mortgage on my own which is up to date). On my credit report I have 2 small debts and one small ccj all of which will be removed before we intend to apply as they will be over 6 years old. I want to know if these…
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Which is better when waiting to apply?
Hi which is better to do when waiting to apply (november we hope) we have just balance transfered to another existing card on 0% and it will be fully paid by the end of that period and before the application but the card thats now cleared with a zero balance, is it better to close it, or keep it open sitting at zero thanks
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Missed Payments from 2010
Hi, looking for some further advice, I have received my GFs credit report from Equifax and it shows 3 missed payments from Oct. Nov and Dec 2010. This was for a New Look store card (which had a balance of £20), which she forgot to pay off. As she was living at a different address to the one the card was registered, she did…
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Mortgage Overpayments
Hi I took on a £90k mortgage about 18 months ago on a 2 year fixed rate. This rate ends at the end of July and after this time there are no penalties for overpayment. The mortgage is in two parts £36k repayment and £54k interest only. It is only a 10 year mortgage term so not that long. At the moment i have managed to save…
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are multiple banks accounts ok ?
I have recently opened a number of accounts, TSB+, club lloyds, nationwide flex direct, First Direct reg saver, Two tesco saving accounts to satisfy the DD needed for the club lloyds, and have an old TSB Graduate acc, and my main First Direct acc for salary/ bills, and a Yorkshire building society savings acc. We are…
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mortgage offer likelihood
Hi I have had a DIP and submitted full application at beginning of the year. The valuation came back at what we needed it to and when it went to the underwriters they asked for two more documents (proof that we had enough money to pay the rest of our debts and proof that CC is under limit). Both these things have now been…
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Will lenders consider predicted value after extension?
Hi All Does anyone know of any mortgage lenders who are willing to base their mortgage calculations on the predicted value of a property (after completing an extension) rather than the current value? I'm planning a loft conversion and need to borrow £20K in order to do this. Remortgaging looks like the cheapest method and…
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Fixed Term Deal coming to an end - feeling lost!
Hi - I am hoping I might be able to gather some help on here as I am going round in circles trying to get any advice from my current mortgage provider - Nationwide. Bear with me as I dont have a clue about mortgages. Our current fixed term is coming to an end we have been paying a rate of 4.29% for the past 2 years (this…
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Delete
Ignore - please delete
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Preparing to move house
Once I am debt free we are looking to move house. I'm working hard to get rid of the debt and it will be gone in two years (opposed to 5 which was the original time scale). We will be looking for a LTV for 80%, hopefully 75% by the time it comes round. 2 wages, 2 kids. Debt is mine, DH has none, nor will he. However my…
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should i cancel these unused accounts to help with mortgage
we have yet to market our property and find another but I am thinking ahead as we will need to ask for more money to move. I have two store cards (Debenhams and Next) both currently unused, one hasn't been used for poss two years and the other for over 8 months. Would it look better if I had these accounts closed or should…
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Some advice/ help on how I could obtain a mortgage please ?
Hi ... I was wondering if anybody could give me some sound advice on how I may obtain a mortgage in my current situation? Firstly let me inform you of my past history... I was in the past a self employed construction worker running my own company from 2000-2009. During 2007-2009 my business began to decline due to the…
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Transfer of Equity Stamp Duty?
After some clarifcation if anyone has any please.. Hubby and I have had joint mortgages for around 12 years. That was up until we remortgaged 2 years ago to move and due to hubby stopping work to look after the kids the mortgage advisor at the time advised us for just me to apply for the mortgage alone which we did. We…
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Mortgage declined- broker says Halifax may lend ?
On Monday me and my partner got rejected for a mortgage through metro bank because of her credit ( not on electoral roll , bills still at old address , equifax score 261 ) Anyhow we have no applied for her to go on the electoral roll along with changing the addresses and we were going to approach the seller to see if he…
