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GMAC RFC / PARATUS AMC Interesting Reading
Go to Google and type in Alba2007-1 select top result and follow the fun! Oh yes, you can add most any date instead of 2007 and get results. THIS is what they TRY to hide from you, that your MORTGAGE HAS ALREADY BEEN SETTLED and that there has been FAILURE of full disclosure under UK contract requirements as you were NEVER…
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When do I mention my DMP if wanting to port
Hi, Sorry in advance if this sounds like a stupid question. I have been on a DMP for just over 12 months and have c. 12 years to go. We have enough equity in the house to sell, buy a cheaper place in a slightly different area and repay the DMP. The DMP is from unsecured debt, never missed a payment on my mortgage (not sure…
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Looking to get a cheaper mortgage.
Going on from a previous question I'm currently on my lenders (Principality) SVR of 4.99% repayment. Amount owed £18800 with 14 years to go. I'm not looking for any more money or changes to term (a little shorter if anything.) House value around £135000 I'm looking for a cheaper fixed deal. Principality at the moment…
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Part Exchanges Questions
Hi we are wanting to part exchange towards the year in a house we own but dont live in (we rent another ) we will be using a broker. if we want to move november when would we start the process? obviously we cant see what our house is worth for part exchange until we have a dip, and then itll depend largly on the ammount…
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Ftb advice
Afternoon, First time poster. Me and my partner are seeing a broker saturday to apply for an AIP. Currently our deposit is in the bank of my mother in law as this was our way of saving it. Will this be an issue? Obviously all being okay we can transfer the money into one of our accounts asap. Thanks
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Final date to confirm deposit?!
Hi, Sorry im in a bit of a rush with this one! Say we have a DIP ready and our offer gets accepted. At what point do we have to say for certain our total deposit avaible? can this be changed say after the valuation and other legal work is done? Or does this have to be sorted before the application is made. I ask because we…
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if you add product fee to loan does it count towards ltv?
Hi all, quick question if you add a product fee onto the loan does this effect LTV? Thanks
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Can too close to credit card limit affect mortgage application?
Hi All Last month I was too close to my credit card limit around 94% of its limit. Just yesterday my credit score decreased from excellent to fair because of that. I got AIP from Barclays but I'm not happy with it so I'm going to submit another 1st time buyer mortgage application with Santander. I always Pay my credit card…
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First Direct - historic late payments query
Hello All I wondered if I could ask for some advice. I currently have a lifetime tracker mortgage and am lookingto remortgage with First Direct, which would reduce my rate by 0.7%. My query relates to First Direct's criteria, specificallyregarding late payments. This would be a joint application with my partner. The…
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Buying my parents property at 20% of its value
Hi My parents are 70 years old now (retired) and have a £90k mortgage remaining on a property which is currently worth around £470k. The problem is that with their retirement, they are struggling to keep up with the monthly mortgage payments. Common sense dictates that they should sell up, downsize and sit on the cash. But…
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Can I remortgage if I am now a mature student and earn less?
My husband and I bought our house 6 years ago and when the deal came to an end we just (stupidly) kept paying without seeking a better deal. However, in those 6 years I have become a mature student and am due to graduate in July of this year. My husband is also now a mature student. My problem is that we want to remortgage…
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Mortgage Application affected by car finance?
Hi, Im currently in the middle of offering on a property and need hep understanding something which the bank doesn't seem to have an answer to! Basically I have been given a DIP by my bank, great stuff! However this DIP was approved even though i have outstanding car finance (which ends in September). I asked the mortgage…
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Remortgage with 5 year old default
Hi. My husband and I are stuck on the NRock Together mortgage which is quite damaging in itself to our credit file because it shows as high unsecured borrowing. (Loan & mortgage split). In 2010 we entered a DMP due to genuine unforeseen circumstances, which one of our creditors did not agree to so we have a Default of £6k…
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Paying back mortgage deposit to parents
Hi All, Sorry for the long post. I'm not sure where to put this as I'm usually on the Marriage boards, but didnt think it would be appropriate there. We had been living in rented accomodation until my dad offered to lend myself and DH a deposit to buy a house. The loan was for 1/3 of the house value, approx £34,000. The…
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Home improvements: remortgage, use savings or clawback?
We're planning large house refurbishments estimated at £80k. We have all the savings spread around all the high paying current accounts in the name of the non tax payer between us and 1.75% Isas. We have an Interest only flexible mortgage with just £150 left to pay, 8 years to run and at 4.99%. The original Endowment is…
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Is this the best way?
Hi I have around £18500 of credit card & overdraft debt broken down as follows: £2500 overdraft & £16000 on 3 credit cards We have a one year old & we are planning on having a second child sooner rather than later. We live in a 2 bed terrace & want to move to a 3 bed semi or similar with more space & in a better catchment…
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Staff mortgages??
Hi I work for a well know bank and I am applying for a joint mortgage but at a staff rate which I believe is 0.5%.We are hoping to get a mortgage for 120K.we are 1st time buyers and don't really know how it all works. Will we get that rate on the whole mortgage? If we don't is it worth shopping around if the 0.5% is only…
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When would be a good time to fix?
Hi all I have been on my lenders variable rate of 2.49% for 26 months now and wondered when a good time would be to fix or am I better of staying put for now? Original Mortgage - £107,000 Current House Value - £95,0000 Outstanding Mortgage - £88,000 We have also been overpaying by £220 per month. Cheers
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Advice please, what would you do?
Current mortgage debt is circa £133000 with 9 years 11 months remaining. My rate with the Natwest is 5.85% fixed. The fix is in place for another 2 years 11 months (it was a 10 year fix). My payments are circa £1491. As my income has substantially dropped I'm just managing to pay all the bills but next to nothing left…
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Completely stuck - remortgaging comes down to earnings, nothing else! Help please!
Hi, In a nutshell, my ex has moved out and moved back to his family. After a few weeks of firstly hating the house we live in together, I have now grown to like it again and really, really wish to stay here. The problem is inevitably remortgaging. I had a meeting with the Halifax this morning and they told me that,…
