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Want to rent my house out but ….
I have a mortgage with Barclays that has 2 years 9 months and £16.5k remaining before it’s fully paid off. It’s fixed repayment mortgage and not buy to let. For the last several years my goal was to pay off the mortgage and then rent my house out when I own it outright and I have renovated it with this in mind. I have…
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I Need to Find a New Mortgage...
I have a mortgage with the Co-Op bank. The fixed rate period ended several mionths ago and since then I've been on their SVR payments. I need to find another fixed rate deal, either with the Co-Op or from another provider. What is the best method of fimnding martgages appropriate to my needs? Is it simply 'phoning various…
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Exchange to Completion
Hello, We've exchanged and are now awaiting completion but reading around, there seems to be a lot of conflicting advice. I have done A LOT of reading but just can't get a full answer. I used a comparison site to organise the building insurance - some say this is good. Some say it's bad. In my experian file it says…
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interest only mortgage
Hi All My first post on this thread. I have an interest only mortgage with Paratus used to be with GMAC. If I make extra one off payments during the year what happens to the payments? Are they swallowed up by interest or what? Just been checking on Noodle and the balance does not seem to have moved even though I have made…
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Equifax reports im not on electoral register
I've just checked both my Equifax and Experian reports. Experian reports I have a rating of 999 (I know, it's meaningless - but was still very reassuring as I'm hoping to apply for a mortgage over the next few weeks). Equifax however, scores me as only 414 (fair) and says I am not registered on the Electoral Roll. Very…
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Will my bad debt affect applying mortgage if only my wife apply single mortgage?
Hi everyone, My wife and I are going to buy property very soon. Because I have a very bad credit score(bad debt), so we decided only my wife is going to apply single mortgage. My question is that will bank ask anything information about me when my wife is going to apply mortgage? will my bad debt affect applying mortgage…
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complete/exchange in 2 weeks but have used existing cc will this effect me?
Can someone advise/help! My mind is getting better of me and starting to worry about everything that could go wrong with only 2 weeks from completion. I have put 15% deposit down on property with 150k value (currently in holding by my solicitors with exchange of contracts to go through early next week). When I went through…
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First time buyers
Hi, Me and my girlfriend are in the process of saving to get a mortgage on a new build property. She is a Midwife on 22k per year I work in sales and my basic is 17k per year but I earn around 600-900 bonus each month. We have spoken to a financial advisor and we have someone looking to see which lenders we can go to for…
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Moving and paying off Secured and unsecured loan what do i put in mortgagte app?
Good afternoon, Im after some adice if possible. My current situation is Credit rating Good for both me and Hubby. WE have a house worth approx £135k, secured loan of £13k , Unsceure loan of £7k. We are wanting to upsize to a house worth £250k. Between us we earn £75k so hoping the upsizing cost wont be an issue. My…
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Woolwich Openplan chopping 50k off my reserve!!
Received a letter saying they are knocking 50k off my reserve funds in my Openplan/Offset Mortgage, I can apply to keep it but have to go through a credit check!!! They deadline for this automated process is the end of June but what is stopping me from taking out the reserve and placing it in a savings account beforehand,…
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Bills jointed or single to help credit for mortgage
Hi guys me and my partner are looking at saving and buying a house, at present I pay for bt and give my partner 300 and my partner pays rent,councel tax, water and elec with gas and insurance, I pay about 5more which I don't mind but is it just worth staying like this with me basically only having my by and gym coming out…
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Remortgaging when salary is much less now than before
I wonder if someone is kind enough to advise me regarding remortgaging our home. When we bought our house 8 years ago for £175k my husband was earning £30k and I was earning £26k plus we had about £40k from previous property moves. We remortgaged 5 years when my husband was earning £30k and I was earning £6k plus we put…
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How much could we borrow?
I am just starting my search for a broker (advice welcome) at this stage I have no idea how much we may be able to borrow however we have seen details of a property at 160k that looks suitable for what we need. I am a housewife with only child benefit as income and hubby has salary 28k (pay rise pending not sure what this…
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Gifted deposit from sale of house we'd buy - possible?
Hi Everyone, I'm a long time user but registered in another name for anonymity, I hope that's ok. I'm looking for some advice on what seems to be a complex situation (though I also naively think it's quite straightforward!): My mother-in-law is looking to sell her house. My husband and I would love to buy a house, but we…
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Can I get the new mortgage in my own name?
Can I get the new mortgage in my own name? My wife and I own our home, with 130k left on our joint mortgage. My wife hasn’t worked since our joint mortgage application/our first child. We now have 2 children. We wish to sell and buy elsewhere. My wife and I agree that there seems no necessity to ‘affect’ her credit. My…
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impact of other credit on mortgage application
Hi guys, First time posting so please be gentle, and any advice would be greatly appreciated :) My wife and i are looking to put our house up for sale in the next couple of months in the hope that we can upgrade to a bigger family home. I was wondering how having other loans/credit cards impacts the amount we could borrow?…
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House Move and Mortgage - now with Marital and Ownership Issues
We accepted an offer on our house a week before I discovered my husband was having an affair (after 10 years of marriage together and 1 child). With the help of Relate counselling we have decided to try to work things out but I am obviously currently unable to fully trust my husband. I have a £40k sum of advanced…
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Is this really possible
DH and I have offered on a house after getting a dip with Halifax. We were upfront with our broker about previous adverse and he didn't think there would be any issues but said we had to just apply and see. Both DH and I have had no negatives on our credit files for 44 months. Previous to that DH has the following 2008 1…
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Shouldn't have searched 'mortgage withdrawn after exchange of contracts'
As title says ! A few years ago being young and stupid I went into default with credit card and college. All paid off over 3 years ago. Then by a very silly mistake I had a default 19 months ago for £100 which was cleared the moment I received the letter with the default. Have not had any problems since and took a credit…
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Mortgage - borrow more refused - sole owner
Dear all, What is the best plan of action ? I have left £35000 on the mortgage over 12 years the house is worth £140000 it s under my sole ownership however my wages have considerably gone down compare to a few years ago and I m under the £20k/ annual salary ( employed full time) , no credit card or other loan, no bad…
