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Mortgage, question...
Both 80%; Why do banks offer a lower rate, with a product fee, 1k & a higher rate with no product fee. This would be over 5 years. In this time the money saved on the lower rate would be a lot more than a 1k so why would anyone choose the higher rate, no product fee?
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A Mortgage, do I stand a chance? Any scheme will do:)
Hello, I am new to this site and have a few issues with my credit rating. I gather from other post I have read today that scores are worthless. So I stopped worrying about that as mine ain't great. A little about myself, I am 25 and Married. I am in R.A.F and met my husband in Oxford while while I was based at Brize…
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Could you help me with a solution please?
I currently have a property in England on a residential mortgage. I am unable to get consent to let but the property is currently rented out with the lender's knowledge. I would like to convert the mortgage into a Buy to Let, removing my ex-husband and having a relative become a joint owner. I have an income but it is not…
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Mortgage: Credit File Inaccuracies
I'm looking to take out a mortgage soon but my credit files have shown up some issues and I was wondering if they might matter at all: 1. A 3 year gap showing in the electoral registeration details from 2010 to 2013. I'm currently on the electoral register from both 2008 - 2010 and 2013 - Present at my current address. I…
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Mortgage application, nursery fees / vouchers
I earn a basic salary of 32.5 My wife earns 19. We have no loans, credit cards etc.. We pay 680 per month to a nursery which is made up of a 240 salary sacrifice from my wife and the remaining 440 comes out of our joint account by direct debit. Subject to how I 'input' / breakdown the childcare figures when completing…
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Happily in a better financia position but will previous bad credit stop house moving?
Hello, I am after some advice please. 10 years ago I split from my ex husband (he subsequently went bankrupt) Long story cut short now: He left me in significant debt, I took around £20k from our marital home, however he left me with around a further 30k in debts. I managed to purchase my own home in 2004 (Northern Rock…
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Help...I have no idea!!
Hi All Right I am clueless!! To cut a long story short my Mumpassed away a couple of years ago and we still owed money on the mortgage -£80,000. My credit rating was laughable and the only way we could get amortgage was to get one in my sisters name which we did and all gone well nomissed payments ect……….. We had a…
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Will virgin money insist on a CTL from Halifax?
Hi there, We are currently in underwriting stages of a mortgage with virgin money. Virgin money came back to our broker to ask for a few things on Friday- (1) an old address of my husbands showed up on experian. We hadn't declared it as he hasn't lived there in over 6 years. Nothing adverse about it but will they think we…
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Mortgage Endowment?
Hello I have been burying my head in the sand too long now and need to take out a mortgage edowment or something like this. I have approx. 15 years to go. I wonder if anyone could tell me the best place to look, and also, does an endowment take into account your medical records? If so, I am going to stuggle. Thank you.
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Applying for bank account whilst half way through mortgage app
In the middle of nationwide mortgage application. Now i want to apply for nationwide bank account as it will ne easier. Would it affect the mortgage app in anyway if i applied now? Or shall i wait until completion. Im sure nationwide would understand you would think?
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Consent to Lease/Second mortgage
Me and hubby are currently renting a house and have consent to lease on a property that is mortgaged on a 2 year fixed rate with Halifax. LTV 85% We have a cash amount in the bank that equates to about 15-20% of the value of the type of property we would like to buy. If we did buy another property how would this work with…
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Advice please regarding helping your children onto the housing ladder.
I'm considering helping one of my kids and their partner with a 'loan' to increase the deposit on their first house. The chances are I'll never recall the 'loan', but if their relationship fails is there any legal way I can safe guard my contribution from being split between them? I've done some research on the internet…
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Bank Loan for mortgage deposit?
Hi there guys. My partner and I visitted the bank yesterday to apply for a mortgage. We are 24 & 28. We were given a mortgage promise and were told we could borrow up to 201,000k which surprised us both. The properties we have been looking at are between £100k-£130k. Our mortgage advisor has said that we are in a very good…
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northern rock mortgage!
Hello there I purchased my property in august 2007 (£114500) with a 103% mortgage from northern rock, the first 18 months was interest only and then we moved to capital repayments. We now owe 95000 and the house is worth roughly £120000 (we have not had a valuation, but that's going on other houses in the estate we live)…
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Transfer of equity question
Hi there, Quick question. My and my dad share ownership of a house. Both inherited from our grandfather. As it is a residential property, it is stopping me buying my own residential house by using help-to-buy scheme as that is all i could afford. We both currently lived at the shared ownership property. If I transfer…
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Mortgage Payment Protection Insurance
I asked a question about income protection and critical illness cover some time ago and I did get some good answers. I have lived in my house for six months. I have paid £1400 for the mortgage each month instead of £541 (I can pay 10% overpayment each year). If I continue like this then I will pay it off in just over seven…
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Is a AIP using MTE a good indication?
Hi all, I have a mortgage application with Natwest which is currently with underwriters. AIP using MTE was passed, albeit offering 1k less than requested. I know there is a chance it could still be declined as im asking for a high loan to income, but generally speaking is the AIP a good indication?
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Can I get a mortgage
I currently own the marital home with my ex-wife mortgage free. Once the divorce is settled I will have a charge over the property of about 40% which I can hopefully get in 5 years when my daughter is 18. My question is can I use this charge to help me obtain a mortgage as at the moment I am struggling to pay rent and save…
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Do we go jointly or single in our mortgage application??
Hi I am looking for advise on whether me and my partner should make a joint or single mortgage application.... Currently my house is on the market and I hope to have £10,000 in equity after the sale, I have approx £10,000 in debt...... My partner would be classified as a first time buyer and has no debt. We are looking for…
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First time buyer looking for advise
Hi, me and my partner are first time buyers and looking to buy our first home together. He has a decent deposit available (at least 25,000 - more if needed). I earn significantly more than him but our combined income is £40,000 before tax. I have a bit of debt £3000 on one credit card and just under £2000 on an overdraft.…
