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Interest only mortgage
Help... I today asked my mortgage company if they would transfer my interest only mortgage to a repayment Mortgage. After a 40 Min salary rundown of my in-comings and out-goings they said. Sorry but we cannot recommend putting you forward for a repayment mortgage. when i asked them last month they said i would have to pay…
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Fixed Rate coming to an end
We took a 5 year fixed rate out to buy our house which seemed like a good idea at the time as no-one knew the interest rate would stay so low for so long. Our rate is coming to an end soon and our current provider is offering a 2 year fixed at 2.54% which will be £150 less than we are currently paying, or a 5 year fixed at…
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in an ideal world....adverse credit
I struggle to find answers since the one and only Mortgage Advisor said to me there are not many options. My CR as off July 2015. ●Up to 5 late payments in car finance early 2010 ●21 PDL last one May 2012 All else is green, never missed anything else. Had phone contract 5 years, got a Barclaycard initial they have raised…
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Mortgage Application and Future Inheritance
Our house has just gone on the market, expecting a quick sale my wife called our current lender to make sure we would get the funds required for our move. We more than satisfied the affordability etc but things ground to a halt when my wife mentioned we would have my late father's flat to sell or lease in the next 12…
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Eligibility for Help To Buy - Buying a new-build flat off an investor
Hello, Could you please advise if I would qualify for Help To Buy if i were to buy a flat in a new-build, but from someone who has already acquired the flat (and is wishing to sell it now) as opposed to buying directly from the developers? Many thanks!
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Buy-to-let remortgage questions
Hi, I have a 3 yr fixed rate buy-to-let mortgage that is due to expire in the summer. I have tenants on a renewing annual tenancy agreement who have been living in the property for 2 years. Currently the property was bought and mortgaged in my sole name. When I bought it, it was intended for my father to live in and for…
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Re-Mortgage Question
Hi I have a mortgage in my name only but my GF lives with me make payments into my back account every month towards the costs of the house/bills. My question is - when I go to mortgage will I have to declare that she has an interest in the property? My bank statements will show her paying me monthly but if those amount…
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Can I come off the application?
Me and my husband made a joint application with NatWest end of January,which was declined!.MA made another joint application with a different lender being Newcastle BS, anyhow the application is on hold because I AM Not able to provide sufficient documents they require. I was not on the electoral roll in our previous…
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Charge on property for old debt
Hi, I had bad credit in the past (pre 2010), all of which will drop off my credit file in October 2016. I am not currently on my mortgage because of these debts and its solely in my husbands name. We are coming to the end of our fixed term mortgage next year and are looking to re mortgage with me on it. There will be…
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Self-Employed and first-time buyer, help
Hello. I'm 27, live in South West London, and my girlfriend and I are looking to buy our first home together. (In London? Are you mad?? Etc...) I imagine I'm in a similar position to most first-time buyers who have little insight into the process. Here are the key points: I'm self-employed, working in broadcasting, earning…
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Drop rate by 0.30% And Add fee Query
Hi all, Working on reducing my mortgage down and am overpaying monthly approx. £150. Speaking to HSBC they have a product available that is new on the basis by LTV is now below 60%. My current deal is BOE + 1.79% and I switched to that a year or so ago with no fee. They have offered a BOE + 1.49% with a £299 fee, that I…
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Gross / Net / Expenses... what to do...?!
Hi all, I posted this a while ago but got busy and let the thread run dry... Just posting again here a bit more concisely. I need a total mortgage of £103K to buy out the remaining 50% of my shared ownership property, valued at £115K. I'm a sole trader - freelancer. I've never had an SA302, even though I've been…
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£50,000 additional borrowing on Mortgage-advice please
Good morning all, I am in a 3 bed semi which I bought for £180000 in 2007. I have never quite been ready to work on it till now- We need a new kitchen, new bathroom, and ideally conservatory –hence the £50,000 tag. I would ideally like to release some equity for personal use as well for a business venture I am starting. It…
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Mortgage application advice
Hi, thanks in advance for any advice. I will be inheriting a house in my name only but will want to take out a mortgage of 30%-40% of the value to settle some outstanding private debts. My bank have advised that I can get a mortgage for this amount. Is there any reason a bank wouldn't lend on an inherited property if I…
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Mortgage Application & (Proof of) Deposit
Hi folks, So I've got a mortgage application arranged later this wee. Just curious what I'm applying for exactly. I mean am I applying to see how much they are willing to lend me? Based on a specified deposit amount? e.g. Am I saying I want to buy a house X, with deposit Y (e.g. 10%) ? Or am I just saying I want to buy…
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Phone contract & credit rating
Probably a daft question but..... My partner and I both have excellent credit ratings, good salaries etc and were recently giving a mortgage agreement in principle. However, that has since expired as the vendor hasn't found anywhere that she wants to buy. My question is, if I take out a phone contract now, will that have…
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Extortionate Final repayment fee!!
Hello, I am looking for some advise as what I have found on the Internet so far hasn't been very clear?? Last week we completed on a remortgage with Barclays/Woolwich. Our old mortgage was also with Barclays dating back to 2011. Today we have found out that we have been charged (and they have deducted it from our monies…
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What are our chances?
Hi, I hope you can help!. My husband and I were in a joint Debt Arrangement Scheme (DAS Scotland) which was completed in December 2014. I have 4 settled defaults on my account which were registered between 2011-2012 and my husband has 1 settled default on his credit file from 2012. Can anyone advise me where we stand with…
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Can i get a mortgage?
im self employed (limited company) my income is £65000 p/a (salary and dividends) i have 1 year income accounts with a certified Accountant i have a £70,000 deposit and i looking to borrow around £180,000 property value around £250,000 my credit history is good apart from 2 defaults below Virgin Media Default date:…
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Let to buy/ Equity release query please.
Dear all, Long time lurker, first time poster so please be patient with me. We managed to make overpayments for several years and now about to be mortgage free (with HSBC) within next couple of months. The property is valued around £300,000 ( Ref Rightmove and similar properties in neighbourhood). As the family has…
