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Chances of getting a mortgage
Hi We have recently applied for a mortgage, but I have been reading up and it says if you have used a debt management programme its unlikely you will get a mortgage. My partner used a DMP years ago and its all been settled a while back, and his credit rating is good 882 and mine is excellent 969. do you think we will get…
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Advise paying mortgage off
Hi all What's my best option I have tracker mortgage 3 years left to pay I have been over paying for some time but. I have 2 endowments I can cash one in to pay off my mortgage as the annual bonus is only been £104.00 the last few years I would loss £1800 by cashing in early What would be the best option keep paying or…
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Mortgage overpayment and buying friend out
Hi, My friend and I have a joint mortgage but he doesn't live in the property and doesn't pay towards the mortgage at all. He simply helped me out to get the mortgage in the first place. However in a couple of years time, he may want to buy a property of his own in which case we will have to get him removed from the joint…
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Low LTV and valuation fees
I have a question. Is having a valuation undertaken a legal requirement? I have no mortgage on my freehold property and would like to borrow 12.5% LTV for an extension. Even if a valuer was having a really bad day and, for example, decided our home was worth a whopping 25% less, then the LTV is still only 16.7%. In other…
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Mortgage Protection novice
Hi All, Just a quick question regarding mortgage protection insurance from a complete novice regarding this situation. Myself and wife have just been through the mortgage application procedure and related mortgage protection quote from Nationwide, who are quoting us £46 (approximate) a month on a joint policy. This is to…
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Nationwide Subjective Decline
Hi At a complete loss as to why Nationwide have subjective declined our mortgage application. Its been an absolute nightmare dealing with them over the last 7 weeks and now we don't know what to do or watch out for next time. We passed all stages, 4 months bank statements, proof of income, savings, everything. The reason…
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Bigger deposit or no debt?
Hi there, need some advice! We are looking at selling our flat and buying a house but have some debt that we want to pay off as well. The dilemma is that if we do that it reduces the deposit we will have to put down on the next house, whereas if we don't use the profit from the sale to pay any debt off, we will have a…
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Can someone explain porting for dummies?
Hello I just want to clarify something , I am thinking of moving home and will need to `port` my mortgage , I was under the impression that I would then owe the same amount on the new house as I did on the old , and because the house I want to buy is worth more than the old , I would need to borrow the extra , for…
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Mortgage for Commercial/Residential Property
Hi, I'm looking at a property which is technically listed as a commercial property - although it's been commercially empty for years (at least 10 years), and the previous owner just lived in the 2 floors above. It's now owned by the bank. Is a commercial mortgage needed for properties like this, or would it be possible to…
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Questions regarding new mortgage and current debt.
Hi all, After some brains to pick please! Due to splitting up with my husband, I will have to sell my house this year. We have approx £100k equity in it, which we will obviously split 50/50. I currently have £10k worth of personal debt, which I do repay each month, but would love to be free of. I used a mortgage calculator…
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Remortgage HELP......
Hi All currently i am out of my mortgage deal with santander and im looking to remortgage and take out more money on my mortgage. currently my mortgage is 90k and my property is work 135k, also im just paying interest at the moment and i want to get a remortgage deal. I wanted to take out 10k to 20k extra on top of my…
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Barking up the wrong tree in hoping for a mortgage?
I thought i'd put this out there to the moneysaving forum, as it's been daunting doing the reading that i've done thus far considering the position i've gotten myself into. In a nutshell, i've lived here - in the United Kingdom - fifteen years. Haven't gone out of my way to wreck my chances of ever owning a property, but…
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Confused
We are very lucky and have done quite well (combination of buying at the right time and in an area of "regeneration") that our flat has increased in value quite significantly. Having put all of our savings into the deposit we weren't really left with a great deal for home improvements, given the increase in value it is now…
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Please help me understand costs of moving and options?
Morning I wonder if I could pick some brains please I am considering moving, but want to try to get as many opinions as possible and see if I am missing anything I am 19 months into a 5 year Halifax fixed rate mortgage of 67k @ 3.19% , and I can port the mortgage according to my offer details , what I am trying to do is…
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Co-ownership stair
Has anybody any experience off adding to their mortgage to staircase in a Co-ownership property in Northern Ireland? Have 50% share in a property and looking to add to my equity to around 80-90% at the minute. Currently in a fixed rate mortgage with Ulster bank that ends in December. House was about for 114.5k for which I…
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Finding a good adverse credit broker
Hi Is anyone able to advise the best way of finding a broker that has experience in adverse credit. We are looking to move property and, just in case my current lender will not port my current mortgage, I was wishing to contact a broker to discuss a remortgage with my poor credit history ( I earn 61500, my partner earns,…
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selling and not buying again
Hi, mortgage free, but been approved. I'm bit clueless!! Just wondering, if you buy somewhere on a 5 year fixed rate, 30 year mortgage, and decide to sell at some point and not buy a new place after you've sold, what would happen?
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Conveyancy Fees
I have just recently placed an offer on a lease hold flat and the broker we are dealing with suggested his solicitor he deals with. He quoted £800 plus VAT and reimbursements. Does this sound reasonable? I did have a look at some search engines for quotes and it seems quite steep. Thanks
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Co-Op/Clydesdale/HSBC mortgage
Hi Everyone I'm FTB with high income, good credit score, offer accepted last friday with entry date set to early June but as more I'm digging the less faith have in any of them Co-Op - lots of trouble since 2013, reducing staff and branches but still trying to keep their high ethic Clydesdale - problems with valuations…
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How much of an issue would this be?
My brother is moving back to our home town very soon and want's to get on the property ladder. Him and his wife have a combined income of 70K and a deposit of around 15K. They also have debts of around 20K. The debts are being managed and coming down. They have no late payments. What effect will the 20K have when they…
