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Me again! Proof of deposit question please
Hi all My proof of deposit went off on Monday, there is a spelling mistake in my name on one my savings certificates with Nationwide and has been rejected.....:mad: I have asked my father to step in and help. He will do a "confirmation of gifted deposit" form with TMW taken from their website. I also will have his savings…
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Mortgage repayment calculator
So the wife is watching the soaps and I'm tinkering on the Laptop, mmmm when will my mortgage be paid off I ask myself. I have £65237 and I'm on a tracker paying 1% above BBR. I am paying £555.91 and from 1/4/2015 I start overpaying £94.09 to pay a total of £650 p/mth. When I use the MSE overpayment calculator I can only…
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Properly stressed!!
Good evening all, To start, I guess I'm just posting for stress relief to be honest, so I'll tell my story (a condensed version!) To start, both me and the OH went bankrupt in 2009, I was discharged in Jan 2010, her in May 2010, luckily though we managed to keep our house and mortgage with Halifax. Never had a late payment…
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Surrender Endowment Policy?
Our endowment policy matures in August 2016. However, I have just received the latest statement with accompanying communication which reads...'over the last few years the rate of return on the deposit fund has been less than the annual management charge, so the unit price has gone down. This has been caused by the drop in…
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Credit report check
I'll be looking at applying for a mortgage in the next 12-18 months or so and figured I would check my credit reports. While I can understand the content I don't/can't understand it from a lenders point of view. Does anyone (MA, broker?) provide a credit report checking service, basically giving the lay of the land, what…
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Multi generational mortgage??
My husband and I own a house with both our mums who are disabled. The house is semi-seperated into three seperate living areas so we can live together but still have our own space. Our problem is that we have a mortgage for our portion of the house (37%). Our mums bought their portions in cash. This mortgage is based on…
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How much can we borrow?
We have been approved for a mortgage up to £550,000. If we bought a house for £500,000 would we still be able to get a mortgage for £550,000 and have access to £50,000 for refurbishment?
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Previous Addresses for Mortgage Application
Dear Forum I've made the decision to try and buy a flat this summer. I will be a first time buyer and 29 years old. Like many of my friends I have maintained my parent's address as my permanent address since I left for Uni until the present day (some 8 years later!). The reason for this is that as a student I moved every…
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Right time to overpay Mortgage
Hi all, just a quick question! We are planning on over paying our mortgage once we have added some more to the saving pot but having read about doing it at the right time for the interest I'm a bit confused. I've read that it's best if you're on a daily interest mortgage and it doesn't matter as much when you send the…
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Joint mortgage (unmarried) and splitting up
Hi All, Bit of advice needed please! I have a joint mortgage on a house with my girlfriend of which we are looking to split up 4 years after taking it out. We both put an equal amount in for the deposit and have been sharing the repayments equally (it is a repayment mortgage). It is looking likely that I will be moving out…
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"Near High Street Rates"
I see a lot of posts on here from people with minor/adverse credit on the file and you brokers often allude to products/lenders which although not high street are quite close from a rate perspective. Is this the Aldermore's of the world or are there intermediary only products which are slightly higher than "high street"…
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Redundancy payment considered income?
I am taking a redundancy payment in May 2015 (22k, so not taxed), and leaving my job, possibly to become self-employed. I'm thinking about future mortgage needs. I understand I'll need at least two years of SA302s. Will the redundancy payment be considered as income in the 2015/16 tax year, or will it be solely what I earn…
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Are we still classed as having adverse credit?
DH and I had several defaults registered against us back in 2008/2009. Our credit files no longer show these defaults as they are over 6 years. All debt was paid off 2010/2011. We are now looking to get a mortgage and have a 10% deposit. We are happy to use a broker but wonder do we still need to use a broker who…
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Mortgage Help Required
Me and my ex husband split up about 6 years ago and had an interest only mortgage and owe £94763.48 (was took out in 2004) I rang my mortgage provider to try and get transfer of equity but they said my mortgage was unregulated and I can not make any changes. I also have a secured loan with outstanding balance of £21555.10…
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mortgage and history of payday loan
hi all, just looking for a bit of advice, a few years ago i ran into a bit of trouble and ended up with debts and getting payday loans most months. all my debts are now showing as settled / satisfied. as of march last year however i still continued to get pay day loans up until last month. i will be soon coming into some…
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Early Repayment Charge - Arrghhh
Just want to let all my frustrations out! My current lender Halifax wouldn't even consider us for a higher mortgage to allow us to move home...computer says no (not even a DIP!) even though we've never made a late payment on any of our accounts and can clearly afford a higher mortgage. Hence why we have now had an offer…
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Increase mortgage & remortgage due soon
Hello, I wonder if anyone could help me as I am getting lost in the mortgage world! We currently have two mortgages on one property, as follows (both Woolwich) 1. £87k tracker 0.67% above base rate indefinitely 2. £138k tracker 2.49% above base rate until 30th June 2015 (Exit fee £1470) In addition to this, we will need to…
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Solicitor not on lender panel
We moved solicitors after we had our offer accepted on a property because they were not on our lender's panel (YBS). I found a new solicitors who sent an email assuring me they were on the panel and gave us a competitive quote so we accepted it and went with them. They have taken £300 for search fees so far. Only a couple…
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Mortgae help - buying a house, already on the deeds
Hi. I'd like to buy my parents house. I'm 36, current take home pay is £2266pcm. My outgoings are around £1425pcm. I have a £25k loan with the bank. A £10K mortgage outstanding and £11k of credit card debt. My parents live abroad but the house they own is in the UK. I am currently on the deeds of the house alongside my…
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Sub Prime Mortgage
Hi Guy's Need a bit of help. Me and my OH have been looking into a mortgage. While she has a great credit rating (top 990's) and have a really low salary, she's only a partimer and at home Mum. I only have a pitiful score of 600 though have an excellent salary of nearly 40k per year, though I have no debt but have 2 small…
