-
Help to Buy
Afternoon everyone, I'm not entirely sure whether there's a separate thread for this, but I've seen a 1 bed property for £183,950 but, and I'm thinking of using the Help to Buy mortgage scheme (only going to put 5%). My main aim is to rent the property out. Average rents in the area are £737 pcm. The property I'm…
-
One late payment on credit file. What may effect on mortgage application be?
I will be applying for a mortgage in the next few months with my wife. I have my own business (with several years’ accounts) and a deposit of around £80k. I nearly own a commercial property outright. We are looking at properties in the region £250k and with a bit of negotiation hoping to end up with a mortgage under £150k.…
-
Can you apply for 2 mortgages at same time?
I am s/e for 17 months now and Precise offered a mortgage, DIP, based on 1 years worth of accounts - Nov 13 to Nov 14. I only have 1 x SA302 for Nov 13 to Apr 14 so it's not showing much. Now at the stage of underwriting, they have said that the accounts are not enough (there is a long story here but I'll not bore you with…
-
Buying, renting, pensions, debt, future
Due to lots of different circumstances, husband and myself now rent. Years ago we both had our own homes, but we both divorced (other people!), and we built up a lot of debt. We are both in our forties with one teen. We now have no debt at all, we have paid it all off, but the only assets we have are two cars, worth about…
-
Finding the best mortgage
Hi, I've been searching for the best mortgage deal as we are in the process of finding a house to buy. Some of the cheaper fixed rate deals are with smaller building societies and Ulster Bank are showing the best deal overall (1.49% for 90% LTV). Could anyone advise if banks/building societies usually insist on having an…
-
HSBC Criteria
Hello, I was hoping that this message would reach some mortgage advisors/brokers on here. Could you tell me please (as much as you are willing to) what is HSBC's Mortgage lending criteria and how different is it to say other high street banks? I've heard many stories about how they are the most strict when it comes to who…
-
C & G / TSB mortgage statements
Has anyone not received their annual statement yet ? We always received ours in January but still have not received one. I have phoned 4 times and they just keep telling me that they are in the process of doing them ! I'm a bit concerned it may have been delivered elsewhere
-
Kensington Mortgage
Good morning I have one default of £61 from 2012 which I only found out about when checking my credit report for the mortgage application. It seems that I paid off the credit card and then interest was applied which I was unaware of. As soon as I saw it I phoned MBNA and settled the default. This then showed up on my…
-
Mortgage Lenders and Childcare cost
Just thinking out loud here: I notice that some mortgage lenders don't take into account tax credit. Surely if lenders are taking into account childcare cost why not tax credit? For example childcare cost is £500 but get £200 in tax credit. I feel that lenders should allow you put down £300 as childcare cost. I might be…
-
Northern Rock
Hi all In around September 2005, I bought a house on a 100% mortgage from Northern Rock. The value of the property was 88.5k. That was on a fixed interest rate of (what I remember to be) 5.5% for five years and when that ended, it went on to variable, which actually brought the payments down a bit. Fast forward to this…
-
2 years Mortgage 28 payments?? why not 24??
Hi, I have received 3 quotes for 2 years - Fixed rate - 20 years period Mortgage. Mortgage 1: 28 payments base rate followed by 212 higher rate Mortgage 2: 26 payments base rate followed by 214 higher rate Mortgage 3: 25 payment base rate followed by 215 higher rate. What I expected to see: 24 payments base rate followed…
-
Inheriting Properties with mortgages
Looking for a bit of advice, My father recently passed away leaving my siblings and I (3 of us) 11 mortgaged properties. Each have about 80% of their value mortgaged. A couple of the properties mortgages are up in 2016, which at that time, as understand it, will need to either be paid off or transferred into new ownership…
-
Online Gambling and Mortgage Application
I have applied for a mortgage to one of the high street lenders and supplied all the relevant docs requested. I have a seperate bank account I use as disposable cash for ebay purchase internet purchase etc due to fear of my other account being hacked. I also use this for online gambling. I was a bit naive and didnt expect…
-
BTL - mortgage or loan?
Still looking for advice on buying a BTL. On this example how would you approach it. I don't need the rent as income Purchase price £50,000 Maximum deposit £25,000 I'm considering a7 yr repayment mortgage as this would be paid off then for retirement and the rent would cover the mortgage payments. Can't see any benefit…
-
Would we get accepted for a high street mortgage?
Hi, Me and my long term partner are hoping to buy a new build house through help to buy equity loan. We both have good employed jobs with reasonably good salaries (Me £40k girlfriend £27k) excluding bonuses. We want to put down £20k deposit but could put down £30k if it would make acceptance more likely. House is…
-
2 rental properties and house but want to move..
Hi all, We would like some advice please on our potential situation. We currently live in a 4 bedroom detached house and will have lived here for 3 years in August. We have 1 year old child and have seen a new build house that we are keen on buying and have reserved. Our house is currently on the market but viewings have…
-
Paying off debt vs. Saving for a deposit
I was wondering if anyone could offer some advice? I'm 35, and have just started saving for a mortgage deposit, as a first time buyer. I have about £7000 in debts, and am thinking about getting a loan to consolidate them and pay it off over seven years, at about £100 a month. I know this is not the cheapest way to do it,…
-
Halifax mortgage promise
Hi we've had a mortgage promise from the halifax, and we have paid a reservation fee to the builders which is none refundable. I'm a bit concerned it won't go through as I have default from 4 years ago. Does anyone have any experience of this?
-
Help mortgage debt repayment and new property
Hi I was wondering if anyone can help. I got into bad credit and now with Payplan. I have a mortgage with Woolwich and now looking to sell the house and repay all my debts. Then I want to buy a new house with the rest of the money. My bad debts are defaults and missed payments. Which lender would be able to look at this or…
-
Leeds Building Society Mortgage - Documents required
Hi all, Am thinking of applying to LBS for a mortgage. Please in your experience what type of documents do they request to see? Thank you in advance
