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declined mortgage twice! HELP
Hi, I would like some advice please..... On the 2nd Feb 2015 my partner and I applied for a mortgage through a MA with Virgin Money......we got declined:(, my MA rang Virgin Money to see why and they wern't obliged to tell her why, so I gave her my permission to look on our Experian, and she gave us a list of things to do…
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Probably silly question re mortgage and buying new house.
Hi folks! I've gotten myself all confused and wondered if you could help. I own a flat which I'm looking to sell so I can buy something somewhere else. My flat is worth £200k and I have £100k outstanding on my mortgage. If I buy a new place for £160k, do I need a £160k mortgage and I put down a £100k deposit (ie the…
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Nationwide Mortgage Process
Hi, Please help! I am a first time buyer and have had a DIP from Nationwide and wonder do they do the credit check when they do the DIP? I have an excellent credit score on experian and 550 on equifax but only fair on Noodle, I'm just wondering what could potentially go wrong and how long the process is taking at the…
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Remortgaging
Ok, so my fixed rate deal is up in September which we've been paying at a rate of 3.14% and will revert to Nationwide's SMR of 3.99% if we don't switch to another deal. We've been very lucky in that London property price rises have pushed us to a place where we will have more than 40% equity so should be able to save quite…
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Contractor remortgage
My 2 year fixed mortgage has come to an end now and will be reverting to the Halifax SVR rate of 3.99%. I want to remortgage to a lower rate but worried me being a contractor may be an issue. I have been contracting for 18 months but my broker says most providers wont touch me unless I have atleast 2 full year of accounts.…
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sell up or keep and remortgage 2nd property
Hi, this is my first time posting, so please be patient if I'm a bit muddled! Hubby and I are currently renting our home, but we own a flat which we rent out to tenants. New babies (yes twins!) on the way soon so we are now looking to buy our home and extend. We think we can just about scrape together enough to purchase…
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Switching for a 10 years fixed rate? Not only for money
Hi there, New to this forum. I am 3 years into a 5 years fixed rate @ 3.79% with around £115,000 left to pay (and a hefty £5700 ERC even if I stay with my lender Nationwide) BUT I am fearing coming out of the 5 years fixed rate in 2 years time and I am tempted to re-mortgage now for peace of mind. I have done my maths and…
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wrong credit card outstanding balance in mortgage application. Help!!Thank you
Hi all, I am new to this forum and really need advise from anyone here. I am a FTB with my husband and we apply mortgage directly with natwest. House value £322,500 with 20% deposit. Last night i just realised that I have told the bank during mortgage application at Branch that my outstanding credit card debt is £1,300…
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Stuck in a high fixed rate
I'm currently in a 5yr fixed rate til October 2018 at 4.39% with Coventry building society. I went through a telephone interview process with them where I could go to a cheaper product saving me £150 month but my exit fees are £4200 making not viable :( . Can anything be done about this? Still with the same mortgage…
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Mortgage advice when on debt plan
Hi All can someone please give me some advice on my situation below. My and my wife are £20,000 in debt and earn 50k jointly. Due to the debt being in her name and on a DMP, should we A. Pay normal payments, now our financial situation has improved B. Save as much as we can for a year and offer a settlent figure speeding…
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Post Office 5% Mortgage
Hi all, Myself and my partner have been saving for a house for a little over a year now. We have just come across a house which is perfect for us for £129k. We currently have £10k saved and are looking at a 5% mortgage. I saw a 95% LTV mortgage with the Post Office (Unable to post links as I'm new). As this is our first…
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Which mortgage lenders only use Equifax?
Which mortgage lenders only use Equifax to check credit? There is a default showing on Experian and not on Equifax and we are at our wits end trying to get it removed from Experian (fraudulent payday loan)
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Question about recalling overpayments.
I need a big job done in my house, I've made some overpayments on the morgage over the years, probably to the amount of 10-15 grand. Can I get back about 5000 of that for the work and if so how do I go about it? I'm guessing it will cost me some kind of admin fee too, any idea of the cost? Thanks Rigs
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remortgage for dummies
Hi, I'm looking at finance options for building an extension. we bought the house for 70k and currently have a tracker at 2.99 with abbey for 48K. we put down 22k and have paid in the region of 6k the house is worth c100k now what are the maths for me to remortgage now. I find it very confusing. would it be worth doing now…
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Remortgaging while out of work.
I'm currently unemployed as I care for my mother but have a mortgage, is it possible to re-mortgage to find a better rate?
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Clear interest only mortgage?
Morning all, I might be in a position soon to pay off my interest only mortgage, any advice would be appreciated.
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Valuation Fees
Hi Everyone, Just one question to everyone ! Can the valuation fees be added to the mortgage or not? I know it will increase the mortgage amount. Thanks
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Address woes 1st time buyer
Hi guys, So much good advice on here. Basically I am in the midst of applying for a mortgage and so did the usual: cleared debt, closed cards and accounts that I didn't use etc. I have been speaking to my mortgage broker about options and my address history is supposedly going to be a problem. Everything is registered in…
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Repayment mortgage against home or interest only against second property
Hello I am considering borrowing so I can extend into my loft to add a new bedroom with en suite, for the extra space and to add value to my home. I have a second property I rent out that has a large buy to let mortgage on it, that I am in the process of fixing at a low rate for five years with a new provider. It is…
