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New Mortgage with bad credit
Looking for advice please.. I currently have a mortgage ( no defaults etc ), it is with RBS and is consent to let. In 2010 I hit a rough point and ended up with defaults on several credit cards, loan and overdraft. This was as bad as it got ie no IVA etc. I have almost paid off the debt, it was about £25k and is now just…
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Are mortgages negotiable?
Hi folks, I am new to the forum, but have been an avid user of the site for several years. I am about to remortgage for the first time having only had my home for the past few years. My question is: Is it possible to negotiate for better rates than those advertised with banks and building societies? Thanks in advance.
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Gambling
I have my mortgage interview very soon, i was just wondering if my past would affect me .Back in feb over the space of one month i spent a total £5500 on online betting with varied deposits of £50-100 ,i never got into debt or even my over draft as i won in excess of £15000 ,however i was wondering wether this would be…
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Notice of potential liability and cost Scotland
Hi guys Not sure if this is the right area I had a notice of potential liability and cost served on the title deeds of my property after a dispute with my old property factors. I have since cleared the debt and they have issued me with a form of discharge. I have contacted The Registers of Scotland to have the title deeds…
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Mortgage application and old student loan
Anybody know if a student loan (old style) must be repaid before applying for a mortgage? Assuming all the payments are up to date and this is the only debt so to speak? Anybody applied for a mortgage and it's been successful?... Thanks :)
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Post IVA Mortgage Application
Hello, I completed my IVA over a year ago and am getting married in the summer. Our next step is to get a new mortgage together, however, I'm concerned that, though debt free, my application will be affected by the IVA and also that my partner's credit rating will also be negatively affected by this. Can anyone offer any…
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Lenders who will lend on timber houses??
Has anyone managed to get a mortgage on a timber framed render coated home? I want to buy one in Norfolk, they were built in the 1950s along the coast of Hemsby area. I'm struggling to find a lender who will lend on them
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Remortgage now or later?
Hello We want to remortgage to get a better deal. My husband is the main applicant and is an employee. I'm self employed and have got SA302 forms but they show my income declining. I'm starting a part time job after Easter but on low pay. Do you think we're better off remortgaging now with my SA302 forms showing declining…
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Self-employed mortgage - salary or dividends?
Hi all, I'm just waiting for end of tax year before submitting our full mortgage application. My accountant wants me to put my salary down as the usual small salary with rest as dividends. I'm concerned, though, that the dividends won't be considered a proper income & may affect our affordability? Any advice greatly…
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Managing mortgages online
Just wondering what banks allow you to manage your mortgage payments online. Currently with first direct, who are great, but don't have an online mortgage facility. About to re-mortgage due to buying a new property and was wondering who offered the service and what one was the best. Cheers :beer:
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BTL retention offers ?
My BTL mortgage with Mortgage Trust will reach end of fixed term in August. Too early to bother my broker just yet to look for better rates than SVR, but wondering if anyone knows do Mortgage Trust/Paragon offer retention products? If so are they generally competitive? First time landlord so trying to gauge how similar the…
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Short term mortgage
I stupidly put my savings into a 2yr fixed term account (£100k). It seems I can't get it back even offering to pay some penalties so I have to wait until the end of the term (18 months) I've now found the (BTL) property I want and will need this money to pay for it, does anyone have any suggestions on the best way to get a…
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Gifting a property
What are the ins and outs of gifting a property to someone? And can the recipient then remortgage the property by 100% or thereabouts? There's a situation afoot.
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Borrow more or less
Hi, Seems like a no-brainer but thought I'd check with those with more wisdom than me! Currently moving house. If we use some savings, about £20k, we can bring the LTV down to 60% and get a better mortgage product. The one we're looking at would be a HSBC Lifetime Tracker 1.5% above BoE. Alternatively, we can keep the…
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Help to buy equity share question
Hi, I sent an application for permission to proceed this morning (PIF + builders reservation form). I have now realised that I put the mortgage term as 30years and they may have an issue with this - not because of affordability issues, but because the IFA I'm trying to circumvent using (new homes mortgage helpline) had…
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Buying Property Abroad - Where to Start
Hi there, Back in 2008 I started my one and only thread regarding paying off my mortgage and buying a second property. Well, about a year ago, I managed to fully pay off my mortgage and now own my home outright....woohoo! My thoughts regarding my original post a few years ago have changed!!!!! I have been pondering for…
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Credit impact on mortgage application
Hello, Three years ago my partner and I decided we wanted to buy a house but both our individual credit ratings were appalling and we were advised to clean them up before even bothering to apply. Since then we have paid off £12,000 of debt and are now debt free, and neither of us have had any defaults or late payments for…
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unfair or discrimination??
I am in a postion to buy a solid good property under market price with only a new kitchen and bathroom needed. But looking on here maybe someone can explain why I cannot have a buy to let mortgage?.. I worked out what I can put down 137 against the price of 222k.. that is how positive I am So my question to Martin or any…
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When is first mortgage payment made?
Daft question, but assuming we get a mortgage offer and move to completion, when is the first mortgage payment due? Is it the day of completion? Or 1 month after that? As we're hoping to buy the property we rent I don't want to pay twice for one month iyswim?
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Equity Release - House in Danger of Going into Negative Equity
My parents have just applied to transfer an old Northern Rock Equity Release mortgage (now Papilio) but have been refused as the house wasn't valued at much more than it was when the original mortgage was taken (over 15 years ago). They currently owe about 60% of the value of the house and this is going up by around…
