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remortgage
Hi I'm new here and basically looking for some advice I'm looking to remortgage i have a 5.5 year old settled default on my credit file I'm looking to remortgage mortgage 50k property value 160k been round the houses and most brokers are telling me no so i have come on here as a last resort simon
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Mortgage collateral
Hi folks, the question below asked for a quick view, whilst I try find a decent IFA or property asset/wealth management advisor... I have two properties, 1 is BTL with 50% equity, the other is my residential with 35% equity (and increasing). I'd quite like to use some of that latent equity for the deposit on another BTL…
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Aldermore Timescales
Good morning, Does anyone know the approx timescales with Aldermore mortgage applications at the moment? We were advised by broker on Wednesday that it is at final underwriter stage. We can't sleep at night worrying about this! Back in March we sold our flat and put an offer in for a new home - after a DIP with RBS - which…
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Do I need to change my mortgage if I move abroad?
Hi I'm moving abroad for work. Do I need to change my mortgage to a buy to let mortgage if I plan on renting it out? I am not buying a new property or living in another in the UK so this will remain my primary residence for when I return. Any advice welcome! Thank you!
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What are our chances
After being knocked back a few times with different schemes we have decided to try and get onto the property ladder without the schemes. our situation my husband works full time not on a brilliant wage just under £16000 a year, I currently don't work as I care for my disabled son I receive carers allowance. we also get…
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Halifax - FTB rates and using a broker
I have been looking on the Halifax website at the rates available to first time buyers with their 1% cash back deal. However, the Halifax rates available via my mortgage broker are not quite as good. Does anyone know if this is common with Halifax? Is it a case of going to Halifax directly if you want the better rate,…
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Scuppered by the neighbours
I've had an offer accepted on a great property but everything has gone wrong. The survey got canceled a week before it was due. I rang the mortgage company (Virgin money) and they said the surveyor had done a drive-by and advised the neighbouring property (they are two semis with one shared wall) was an unrepaired PRC and…
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Army Reserves & mortgage
Hello - I do apologise for starting 2 threads in one day - I really appreciate everyone's invaluable advise on here. My husband and I are hoping to move into a bigger property soon porting our existing mortgage and borrowing some additional. However he was made redundant in December after 10 years in his job. He has taken…
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Can I submit a full application before finding a house?
Sorry, this is probably an odd question. My husband and I have very unusual financial circumstances. We met with a broker last week but we have no faith in him whatsoever, so we're seeing someone else next week, who seems more confident. I'm just concerned that we might get a DIP, but then get turned down. Is there anyway…
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Loan to Purchase Price not LTV?
Hi All, Two months ago, I secured a Decision in Principle with Nationwide Building Society. In the meantime, I have had an offer accepted on a property which is below the Home Report valuation. Nothing too strange - the sellers are moving abroad and wanted a sale after having the property on the market for 6 months. The…
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Retention
Hey, FTB in the process of buying our first house. In my previous post I asked about what happens with a surveyor undervaluing the house we're buying. We've had an offer accepted of £155k and the surveyor said due to some work that needs doing it's they value it at £150k. So natwest have said they will offer us the £155k…
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removing a name from a mortgage
Hi I'm currently trying to remove my name from a mortgage I have with an ex wife. She has a bad credit rating and can not get a mortgage on her own. So she is telling me she cant remove my name. has anyone else had a problem like this?
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best way to put my wife's name on the house
Hi, when we bought our house it worked out easier to just apply for the mortgage in just my name and buy the house in just my name, next year I am hoping to pay the mortgage off and I have always planned that once the mortgage is gone I will put my wife down as an equal owner as I feel it should be. We were not married…
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Paying off Credit Cards With Equity
I am looking for some advice please- we recently had a meeting with our in house mortgage adviser in NatWest. We already have a mortgage with them and are looking to port the mortgage and borrow some additional money for a bigger house. We have approximately £43,000 equity and were planning on clearing a credit card…
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Aldermore credit report
Hi All, Have applied through Broker to Aldermore for mortgage - I understand that they don't credit score but they do request credit reports. Does anyone know which CRA(s) they use please?
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Can we get a mortgage with one default?
Maybe a bit previous but thought I'd ask. Me and my partner live in a flat that I own (with a mortgage). It is all in my name as I purchased it before I met him We would like to move from the flat to a house that we would own together, so would apply for a joint mortgage. The problem is that he has 1 default with Halifax,…
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Mortgage advice needed , mad idea or not ?
We have always wanted to be able to help our children out while we are here to see them benefit from it not just when we're dead and they inherit a large sum We have a house worth £300000 with 4.5 years left to pay on the mortgage , we currently owe £33000 We're thinking of remortgaging at a lower rate and alongside the…
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Nationwide Flexclusive
The two year fixed period of my mortgage deal with Nationwide is coming to an end at the end of August. There's quite a good deal on a 3 year tracker which is only for flex account holders which you have to have been for 3 months to get the deal. Am I being incredibly bright or very dense by thinking I can pay in the…
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what is this insurance payment with my mortgage
Hi, out of all the money sorting I have ever done there is one payment I have somehow overlooked, probably a bit stupidly. I have a 25 year offset mortgage with First Direct but as well as this payment there is another payment I make which I have paid ever since I had this mortgage. The amount is £22.30/month, not a lot I…
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buying a new build, when will all money be taken?
Hi guys, Accepted an offer on our house for 85k, we have 68,500k left on current mortgage with NRAM. Put a deposit of 500 down to reserve a new Barratt home that is up for 268k!! Need to give a deposit of 15300 with help to buy and Barrats gave us a 3% gift. Anyway, we know we have a lot of saving to do as we will have to…
