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Mortgage after IVA?
Hi My husband and I have been to our bank today to ask about a mortgage. He has previously been on a mortgage (but not any more) I have never had a mortgage. I have had an IVA which ends in April 2015 (Woo Hoo!!) so we went to basically find out where we stand in regards to a mortgage. My parents have said they will help…
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Options at end of mortgage deal?
So... I'm new to this mortgage thing - can someone tell me if I'm right that these are my options when my fixed term deal ends in a few months...? 1) Stay with current building society, do nothing, and end up on their Standard Variable Rate (which costs lots and would be a bit stupid) 2) Stay with current building society,…
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Why do companies add on 2 months or so to a mortgage deal?
I've just been caught out by Early Repayment Charges. I took out Further Borrowing on 10th January 2012 on a 3 year fixed deal. I put the house up for sale and plan to complete end of February. I was surprised to see I had ERC as I knew I had taken the money beginning of January. I rang up and they said the deal was fixed…
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Change mortgage amount
Hi Recently my lender has approved my mortgage application and i had offer in priciple. However after successful negotiation. I have managed to knock off the purchase price by 5000 pounds, so now i will be borrowing less. Today when i called the lender to change the mortgage amount. The decision as been referred to the…
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Means tested re mortgage and debt
I got my original mortgage before the new checks and am worried about the level of debt I have affecting my chances or remortgaging. I am looking at a 70% LTV mortgage of 215k and want to take advantage of the low rates atm. I have around 11k of credit card debt and 3k overdraft. No bad credit and in a job etc household…
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NW Flexclusive Mortgages and FlexPlus
Hi, Does anyone know if I have to keep a Nationwide Flexplus account for the duration of a Nationwide Flexclusive Mortgage OR once I have the mortgage can I cancel the account?
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Looking for mortgage. Midlands/Northampton
Hi to everyone, I will go straight ahead with all details. Looking for some advice that where should I go and how to start. I live with my partner. We've been in the UK from the June 2012. We've got over £10.000 on saving account. I am working on commissions. £14.200 basic hourly pay + £5000 upwards from commissions. I've…
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My ex-wife does not want our house. Do I need a Separation Agreement?
Hello, My ex-wife and I still own a house together. We never got a Separation Agreement due to the divorce being amicable. At the time, it was not possible to sell our house as it was in negative equity and so decided to rented it out. Due to a high fixed interest rate, we would each pay £150 on top of rent. This went well…
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Ex partner on house deeds / mortgage - next step?
Lived in my property for 8 years, ex partner moved out 7 years ago and now live with my current partner in home for 3 years. We both have debts (our own fault) and my partner is on a DMP. Got the house valued at the weekend and if we sold we would just about break even to pay off the mortgage maybe owe £1 - 2 K We…
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Ex trying to buy me out on interest only mortgage
Morning All, I have a mortgage on a house with an ex it's an interest only with RBS mortgage outstanding is about 10% less than the property value. I wanted to sell the property but my ex has now decided she wants to buy me out and put her friend on the mortgage. Seemed easy enough until RBS have decided this isn't…
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LTV on flat versus house
Hi, Quick question: Is there any difference on the LTV offered for a flat compared to a house? Both of which are NOT new builds. Thanks for your help!
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Mortgage exchange waiting for release of money
Please can someone give me some advice, I'm sooo stressed at the moment about this. I had a buyer for a property, and also found a property. The buyer pulled out a day before exchange. At that time we were so unhappy about loosing another buyer (this was the third person to pull out), and the seller of our property didn't…
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Advice - Short term vs Long term
Hi there, Basically new to this forum, but seeking some advice on my mortgage situation which ill try explain the best i can lol. My current mortgage is a 5yr fix at 4.49 % with 26.9 yrs left and i owe £77k. 3 yrs left on this term and pay £412 pm. So was thinking of getting a better deal to reduce my monthly payments for…
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family gift/loan -will it impact mortgage application
apologies for the long post So last summer I was involved in a car crash (a long story in itself) - my car was written off and I still had an oustanding car loan which wasnt entirely covered by the insurance cover. My Gran very kindly gifted me around £5000 to clear the loan and to purchase another car. At no point did she…
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Is this do able? Buying a flat & Payment
I earn a monthly income of £1600 and my partner will get statutory maternity pay of £138.18 a week for the next 8 months. We have managed to get a mortgage in principle for £190k with nationwide for a 2 year fixed rate at 2.79% and payments on 190k will be £884. We received this just before we had our first child. If I…
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Can I get a joint mortgage with my nan?
Basically, My nan suggested to me that we buy her council house via the right to buy scheme. My nan is retired but she has a good pension and recently inherited money, I myself work full time at a local hospital. Would we be able to get a joint mortgage together ?
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Abbey/Santander Credit Check
I'm in the process of a house purchase and my mortgage has been approved by Abbey and the offer letter has been received. I have checked my three credit reference agency reports and can see Abbey/Santander completed a search on Experian only. If Abbey decide to complete a second search pre-completion, will they use…
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Broker do "what if" calculations?
Hi, were looking into buying our first home towards the end of this year. We're trying to get an idea how much we can borrow. There's quite a bit of difference between the mse, ma and bank website calculations. I think is probably because we don't have any regular outgoings(no cards, loans, cars etc). Would a mortgage…
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Remortgage for extension - any advice?
Hi there Our 2 year fixed deal ends in August this year, with the nationwide. From what I have read, I believe we can apply to remortgage and borrow more if we are within 3 months of the end date? If that's the case, does that mean we could get the extra funds before the end date as ideally we would like to start the work…
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Scottish widows mortgage
Hi, I've been searching through posts to see if this info is elsewhere but can only find posts which mention applying to scottish widows for a professional mortgage but not much about the process. I was just wondering if anyone has much experience of SW application process as I'm not sure where I'm up to. I applied at the…
