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Dudley Building society
I've been offered a mortgage with Dudley Building Society, who have agreed to overlook the single default on my credit file. Thank heavens. It's bringing on massive anxiety attacks at this stage though :rotfl: (not a laughing matter, it's bloody scary) Anyway, I just wanted to see what, if anything, people have heard about…
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Chaning mortgage offer before completion
Hello, We're buying a house off-plan and the house is shortly to be ready. We've had a mortgage in place for a while with Halifax (who apparently deal well with off-plan mortgages - i.e. extending the offer) which was quite competitive at the time we reserved it last year but is not so much now. Now the house is due within…
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changing my repayment btl to interest only
Good morning all, I am new to this and just wanted your expert opinions please. i have a btl repayment mortgage with mortgage express on a tracker rate currently 2.99% ad hasn't moved for circa 5 years or so paying £497 per month. Total outstanding £70 k, property currently worth circa 125k, 15 years to run. rent is £550…
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High deposit but BAD credit mortgage?
Hi! I’m new here but I’d like some advice please if possible. I was made bankrupt in 2010, so a year in May and it’ll be off my file, but since then I haven’t done any work repairing my credit file (I have no debt) but it’s still ‘poor’. We have a big deposit (roughly 80% of the value of the house), and need a mortgage for…
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Mortgage options
Just posted this on a different tread incorrectly. We are looking at selling our home, which I would value at 240000, this would leave us with about 60000 equity. We would like to buy a bigger house possibly around 300000. I earn approx 41000+3000 overtime and my partner 7000. We have good credit files. What chances do you…
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My Barclays Mortgage Nightmare
I've posted this on another thread, but think it deserves its own thread as a warning/to highlight it. Here is my experience with Barclays. I hope it makes you all think twice Following separation from my Partner I approached my mortgage company Barclays about either A) Buying her out or B) Seeing how much they would lend…
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BTL Mortgage
Hello guys. I have a query on BTL and credit reports. If you have seen my other post you will know its not the best. So here it goes. We are wanting to buy a house some 350 mile away to move her home as I am in forces. But I got advised that her income could not be included as its to far to commute. Which is a shame as her…
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self employed mortgage again!!!
Hi all. Self employed here me working wife not, have two kids. Last year's income 7k earnings 9k tax credits. This year 11.5k earnings 9k tax credits we have no debt or credit cards and excellent credit reports. When our house is sold we will have around 70k deposit for a new house. Last year we asked a broker and he said…
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Moving home mortgage
We are currently with Nationwide for our existing mortgage Do we stay with Nationwide as they say better rates for existing customers are shop arround . I have looked at Halifax through website and for what we want to borrow it is higher rate than Nationwide eg nationwide 2 yr fixed 1.74% and Halifax 2 .49 % . Thankyou
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Risk of deflation with interest rate hikes, should I fix my mortgage?
Just seen this on the news. At the moment I'm on nationwide base rate which is 2% above the bank of England base rate. I think I could get a 10year fixed @ 3.04% with no fee or 2.94% with £999 fee. Should I be jumping on this?
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remortgage??
What's the purpose of remortgaging? Is it just moving from one lender to another? I . Moving the debt? Also does it cost more or what is the reason behind it? For a remortgage do you have to do a brand new application? Moreover, to increase your mortgage do you need to remortgage or what is the process? For example if I…
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Pay off Mortgage advice
Hi, I have a Mortgage advance that I want to pay off at the end of the month. There is no early redemption fee and I can view my balance online. Is the final payment likely to be higher of lower than the current balance? BTW lender is Nationwide
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Too many shares!
Hi, I am currently looking at going for a shared ownership property for around £90K for 50% share. I have ok deposit of 20K and earn 30K a year. Downside is I am a company director and own just over 25% of the company, so will be treated as self employed rather than employed. As employed with pay cheques I think it would…
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Help badly needed Mortgage Express ripping me off!!
Hi, I am at my wits end at the moment. I had a mortgage with capital home loans and when I moved in with my boyfriend I told them my new address. I had been paying interest only for 10 years and now I have come to transfer the mortgage to my brother, I found out that Mortgage Express now hold the mortgage and I was in…
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New home Mortgage advise please
Hi All I'm a 1st time buyer and my partner doesn't work & not involved in application. Last year I bought a new off plan house which will be completed next April, at that time I didn't have ILR & I paid 10% of house price and I got 80% mortgage offer from Barclays & the mortgage advisor told me when I got ILR I can get 85%…
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Low income mortgage
Hi, I've got the opportunity to purchase a house from a family member. The house value is approx £175k and I can buy it off him for £105k. My income is only £15k and I have a £10k cash deposit although hoping I could use the difference in the purchase & value toward a deposit? - I'm pretty sure I can't get the mortgage on…
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Mortgages for residential house with converted barns
We have seen a dream houses that we want to move into but they have converted the pig sty and outbuildings into holiday lets that are currently let out on a weekly basis. Most of the old farm house we are looking at have barns that have been converted or stables. We are trying to find a mortgage to allow us to move but all…
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How to take name off joint mortgage
Hi, some advice needed please! Husband was married previously and is still on the mortgage with ex who still lives in that house , both kids are now at Uni. The mortgage on our house is in my name only with husband having a 'declaration of interest' in the property after putting a large deposit towards it. We have…
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Can't get a mortgage due to one of us not earning
We have a large deposit for a house, about 60%. 40 of that is a gift from my partner's father and 20 is my own savings. My partner is not working at the moment, though he has worked part time for a about 6 months during this tax year. I work and earn just under 16000. To some people, that might not seem a lot but I have…
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Equity Release challenge
Is there any info on challenging an equity release arrangement entered into by an elderly relative who seems not to have involved any of their dependents or relatives even if it was just to tell them of their plans? Had a look on the SHIP site and the two firms involved are not members but the solicitors are. The solicitor…
