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House valuation is a stumbling block
We tried to remortgage our house last November. It's currently only in my name as I was single when I bought it over 11 years ago. I've since got married. I've got a few credit issues on my file - 2 defaults - one registered over 3 years ago and one registered 2 years 7 months ago. We've had issues getting the remortgage…
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How can I determine what mortgage i can get without a credit check?
Hi all, I have a query with regards to obtaining a mortgage when I have missed payments in my history. I am currently unsure what effect these missed payments will have and want to avoid applying for mortgages in case I am rejected, and so my question is: What is the best way to find out the best mortgage available to me…
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time to fix vs better tracker
Hi Looking for best choice Presently on 2.49% plus boe tracker 200k mortgage First direct have just dropped rates Looking at 1.39% 2 year tracker offset with 1450 fee Or 2.09% 2 year offset fix no fees We like the flexibility of the offsets and are presently with first direct, wife on mat leave so hence prob stay with…
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Halifax interview
Just sitting through a mortgage review with Halifax, help! It's taken an hour, wants to know my holidays, more children expectations, memberships of clubs etc etc. Really? I have been a customer for 8 years, never defaulted, have a mortgage to income ratio of 1.8 and 45% equity and am an Accountant - spare me!
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bridging loan for 6 months until btl mortgage
My broker has just given me his 'best' bridging loan deal: It is through the company Pure. We need £300000 Property value £590000 Our deposit is £290000 18 months no exit fee and can exit when we like 0.73%monthly interest rate Facility fee 1.95% Lender fee 1% Valuation £550 Legal £450 In somebody's experience. .. does…
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Overpayments on mortgage during a fixed rate
Hi I am 3 years into my 5 year fix was wondering if there would be any point in making overpayments during this time (which are 10% of mortgage balance maximum) if I plan to sell the house after the 5 years is up? Would I gain anything from doing so? Thank you
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Mortgage application tomorrow TERRIFIED!!
Hi I've got my mortgage application meeting tomorrow with Barclays/Woolwich. I got my AIP just before Xmas and have a 10% deposit on a £134k property. Credit score is 965 and excellent. However it says I have no settled accounts as a negative factor. Will this not go in my favor? Also I had to recently update myself on the…
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Which lenders to approach when on fixed-term employment?
Hi, Which lenders are likely to approve me a mortgage, when me and my partner are on fixed-term contracts? From searching I see that Halifax and Nationwide may do, though Nationwide states you have to have been in the job for 12-months, and we've been in them for 7 months. Our previous jobs were permanent and we were in…
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Discharged Bankrupt wanting a mortgage
I am a discharged bankrupt and have been for the last 3 years. I am due to come into some money soon and want to put down a deposit on a home of my own. Can anyone tell me a good company to get a mortgage with and what sort of interest rates i can expect to pay due to my bankruptcy. Also is it possible to just get a 10…
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Best to overpay?
Hope someone can help. I'm not sure how I work out whether over paying on my mortgage - vs leaving in other investments is worthwhile I've got approx 89000 left on my mortgage. The interest rate is 3.49. I can overpay upto 10% of the outstanding balance per year - but I also have to pay a £60 fee on top to do so. I…
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Is there no hope?
Hi, After years of help reading through threads on these forums I have decided to join and ask my own question in the hope I can find some help. My story, I'm sure, has been heard a thousand times before, however with a small twist. I have successfully sold my property and the potential buyers have secured their mortgage.…
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3.19% 5 year deal for 75% ltv? Good deal?
Just about to switch deals but trying to work out if this is a good deal or not? 3.19% for 5 yrs, costing £995 fee on a 75% ltv. Our fixed rate ends soon. Is this a good deal please?
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Is there a soloution?
My parents have an interest only mortgage on the family home which is due to end soon but with the house on the market and little sign of any buyers I'm starting to get nervous about what happens at the end of the term. The original plan was that I would sell my property and move back home (done) and they would sell theirs…
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Mortgage Calculator with Help To Buy (iWork Numbers)
I have made a spreadsheet for people wanting to calculate mortgage repayments and also includes the government help-to-buy scheme if so needed. DAMN! CANNOT ADD LINK!!!!! Hope it helps! Scott.
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Pay mortgage off or not?
Hi, wondered if anyone could help me with some practical advice. We are in the lucky position to be able to pay off our mortgage with ISA money a few years earlier than the full term. The ISA has finally showed that it is increasing value as for a few years we appeared to be losing money on it. We intend to move later this…
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Selling 50% of house to partner
Hi everyone I have owned my house since 2011 and my partner moved in at the same time as me but had no stake in the property. Now we have been together for a few more years she would like to buy into the property, which I think can be done through a transfer of deeds. However, as the property is worth circa £400k and my…
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Mortgage overpayment question
I have a mortgage with HSBC which is in 2 parts. £40K is on a variable rate (with 13 years left to run), currently 1.5% and £80K (with 20 years left to run) which I'm about to fix at 2.48%. I want to overpay but am unsure which chunk will benefit most from the extra payment. Ordinarily I would have put it towards the…
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Chances?
Hi and thanks for taking the time to read and possibly help. Right my partner and I have a joint income of 46k. We have saved in the past 2 years 14k and we are now looking at potentially buying a house for around 120-160k. My credit report is good with 883 on experian and partner 960 - well aware this is a score plucked…
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Mortgage Guarantee or not?
Hey, I should soon be in the position to buy my first property. The flat I am after is on the market for around 140K, but I believe I will be able to get an offer of 135K accepted. I have roughly 16K saved up, so this would easily get me a 90% mortgage, but would only leave me with 2.5K for legal fees / arrangement costs…
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Chances of a mortgage with a partner that has defaults
Hi! My partner has about 7 defaulted accounts from the past, he is now gradually paying all these back through the charity, Step Change (roughly £15k in total :( ) We'd like to apply for a mortgage sometime next year, but realise the chances could be slim with him as an applicant. Am I better off applying on my own rather…
