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NRAM blunder
Quick question re NRAM... I have a together mortgage made up of unsecured loan 12k mortgage £75k and a secured loan 70k. In 2012 we received a refund of interest on a unsecured loan following the Blunder with the letters re CCA. NRAM are now in court regarding the CCA wording on loans above £25k but is this purely…
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Mortgage confusion!
Hi all, Ok so I'm going lay it on the table with the hope of some advice My wife and I are soon going to be upsizing and buying a new house. So mortgages are a hot topic in our house at present. In order to prepare myself for our meeting with the mortgage broker I thought it would be wise to check out my credit file. I…
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First time buyer - mortgage/underwriter advise
Hello, First time poster but long time reader here. I don't know where to start here so I'll start with this. I'm currently waiting for the underwriters decision regarding a mortgage with a high street bank. The mortgage is for a 90% LTV on a £89k house. I have enough money with help from parents for the deposit as well as…
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Will this work?
Hi all, I have a property that is mortgaged with approximately 50% LTV by Coventry BS. I have seen another home that I really like and originally planned to offer cash for, which I could just about afford if they took an offer. My plan was then to put my existing mortgaged home on the market and then transfer the mortgage…
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Definition of 'ex Local Authority'?
Hi all, I bought a one bed flat with my girlfriend 14 months ago from a Housing Association. Sadly we have split up and I am now in the process of trying to buy her out. The flat (in SE London) has almost doubled in value since we bought it for £149k. The current average figure of estate agent valuations is £285k. Whilst…
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Decision in principle too low
Hi I am looking to re-mortgage to clear off 7k other debt, so I can reduce our monthly outgoings. Currently that 7k costs us £275 a month in minimum payments, and checking online for a mortgage to cover the existing plus this extra 7k would put our monthly mortgage up by £30....leaving us the extra £245 that we can…
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Self Build Mortgage -NI
Hi I am looking some advice on a self build mortgage. I'm looking to buy a shell of a house & finish the rest through a mortgage. Its a 2 story house with a conservatory & garage, & currently stands as just bricks & a roof, no windows, doors etc. it's currently on the market for £95,000 but there is a bid of £60,000 on it.…
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Mortgage declined
Hello, I would be very grateful if anybody has advice regarding our situation. We had a mortgage in principal agreed by underwriters at Nationwide. A valuation was carried out on the property and then we were told that the mortgage has now been declined due to credit check. My partner missed a credit card payment 5 years…
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How can i ressurrect my creditworth for a mortgage?
Hi everyone; As of January 2015 my Partner and I decided it was time to grow up and turn our credit rating around for a chance to get a mortgage in the near future and here's a bit of background on our situation: JOB Partner in a new job now for over 5 months I have just recently secured a permanent full time job (changing…
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Let to Buy?
We currently own our home out right and plan to buy a new one to live in while renting out the current one. However we are approximately 50k short for the house we are looking at and wondering if there is some kind of mortgage arrangement we can take out on the current home to cover it. Initial googling seems to suggest…
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Debt Management Plan and Mortgage
Hi there, My husband and I are currently on a debt management plan (due to a business closure and loss of income several years ago). We have rented the past 5 years after selling our home a few years ago. My credit file currently shows as good/excellent. There are two aged defaults due to fall off in the next 6 months.…
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5 Year Fixed Deal
We're in process of getting a mortgage (provider, Halifax has approved credit check, they're just waiting on payslips and valuation) but their rate is 4.69%. I've found fixed rates at like 3/74% which is obviously quite a bit cheaper, but the % Halifax reverts to after that period is better than the initial fixed (a lot of…
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Mortgage after completing house purchase
Hi all As the title says I'm looking to get a mortgage on a property after buying it in cash. Will only want around 50% mortgage- does anybody know of any lenders who don't push the six month waiting period? thanks
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Got to decide on remortgage fixed term. Advice please
My Santander Mortgage fixed term is coming to an end soon and I've been given options from Santander for a remortgage, all of which is less than the current interest rate that I pay now. I'm unsure as to which one to choose and wondered what your opinions are ? Thanks ! * Tracker life fee is £499 and not £4.99 !
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Ftb
I have just recently purchased a new home. I have gambled £hundreds away of my spare cash as i didn't think i would be purchasing a place for another few years. I have never gone near my overdraft or had to lend money for this, i have also closed my betting accounts down as i no i need this money now for a mortgage. Where…
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Porting mortgage refused or not!!! Worried sick
So basically about three months ago our fixed rate mortgage with Santander came to an end. My wife has had to go part time to cover childcare and we were worried about renewing. We now have a annual salary between us of about £30,000 with a few extra bonuses and child benefits.(we also have about 7k in debt which will…
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First time buyer
Quick question regarding first time buyer status. My girlfriend has a mortgage in her name only. If I want to buy a property myself I could apply for first time buyer incentives 5% deposit but my salary alone won't allow me to get a decent mortgage. Could I add my girlfriend and still get first time buyer incentives? Or as…
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Building Society: Mortgage of Continuing Deceit
Since 1988 we have been victims of fraud by a Building Society – now part of a major bank. In 2006 we exposed part of the fraud ourselves; the FOS upheld our complaint; on the same day the Building Society registered their displeasure by surcharging us an amount equal to twice the refund ordered by the FOS. Evidence…
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Re-mortgaging question
Howdy My fixed rate ends in August this year on my first mortgage. If I am going to look at re-mortgaging when should I start looking? I downloaded the MSE guide but couldn't see how soon before the rate ends I should start looking. Do I just contact my provider and ask them how much would be due to clear the mortgage as…
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Captial or Repayment?
Hello guys Currently on an interest-only SVR @4.54% (£529 per month) with NRAM. Wanting some advice on whether its better to stay on this and make capital repayments. or Go on to a repayment deal @£760 per month (my only other option with NRAM - bum, yes) Cant go with another lender as Im 40k in neg-eq! I could afford to…
