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Is 6 months debt free enough when remortgaging?
Until the end of June I had around £30,000 of personal debt (car finance, 0% credit cards, home improvement loan) but I paid this all off when I sold another property I owned. Will being debt free for the last 6 months be good enough for lenders when I come to the end of my current deal in December? Or should I wait…
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Help me please.....
Hello, I am desperate for help please can someone advise me, its slightly complicated so I will try to keep it short.. 2003 - 2006 - bought house with husband, he left me in 2005 but still paid half mortgage & maintenance for our daughter. 2006 - present day 2015 - new partner agreed to buy my ex husband out, would only…
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Switching Mortgage
We have a mortgage with Nationwide (fixed rate ends May 16) but we like to transfer to Santander for a better rate (get a fixed 5 year term) and to earn some 123 interest on our repayments. Do we have to wait for our term to end or can we transfer to Santander early? Cheers Des
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No financial interest document requested
Hi My partner and i are purchasing a new house. The house we are selling is his and the mortgage will be ported to the new property staying in his name only. The mortgage company have apparently asked that i sign a 'no financial interest document' Im a bit confused as to why i would need to do this. As i will be paying…
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Delayed completion date problems
Hi, I recently remortgaged, transfering from my old lender to a new one. The new lender was paying the legal fees, and I used their conveyancer to keep things simple. Despite me doing things well in advance, the completion date was delayed by one day. The conveyancer said that was because the new lender did not release the…
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To stick, fix, or shuffle?
Hi, hoping I might be able to get some advice on my currentsituation. Here’s some background. I currently have a small flat which I let out, valued at approx.£250k with an outstanding mortgage of £70k – it’s a variable rate mortgage currentlytracking at 2% above the Bank of England base rate, with another 1% added as Ihave…
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Lifetime tracker mortgage nightmare.
I have just been advised by the bank of Scotland that my Lifetime tracker mortgage is coming to an end, what the hell?:mad: The bank says that the lifetime tracker i took out was only to last for 6 years! Why did i expect that this was to last for the lifetime of the Mortgage. It is just about to double in monthly…
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This is why interest rates are about to start going up
Time to jump ship off my tracker and get on a 5 year fix @ 2.4% while I can? This looks to be the first clear sign they will be going up. http://www.telegraph.co.uk/finance/economics/11745465/This-is-why-interest-rates-are-about-to-start-going-up.html
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Ownhome - Loan redemption
Hi all, I'm just posting to enquire if anyone has been through the OwnHome loan redemption or payback and what their thoughts and experience have been? I'm currently half way through the process and any insight would be greatly received!
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New Job - Mortgage Question
It's full of twists and turns this house buying and mortgage malarkey. Here goes... We are relocating to a new area of the UK. I'm keeping my job as I work all over and at home. My wife works locally at the moment but has just got a new job in the town we are moving to which is a great bonus as it means she will have…
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Woolwich: Supplementary Conditions
Hello everyone, Please please I hope there is someone who maybe able to help. :A My husband and I have been having a real nightmare experience with Woolwich. Our mortgage offer from Woolwich has the following condition: Your existing mortgage with Halifax account number(s) ...... must be repaid on, or before completion of…
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Halifax Mortgage Application Process?
Is anyone familiar with the Halifax process and what happens next? AIP done about 2 weeks ago, full application done on 10 July, valuation booked for tomorrow. Have checked Experian and looking like full credit search was carried out on 10 July (which has impacted on my score by the way - does this matter?). I am just…
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Deposit
What percentage deposit is normally required on a mortgage? My husband hasn't been on a mortgage before so if we buy a house together would we be classed as first time buyers?
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Can this be placed?
Hi everyone, My partner and I are planning on looking for and buying a house from October however I have some adverse credit history and wanted your opinion if our situation could be placed with a high street lender or if we are looking at the sub-prime market. We intend to use a broker when we come to apply and obviously…
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Transfer mortgage offer to a new house
I wonder if anyone can advise. I've had a mortgage offer from the Halifax for £105,000 on a £220,000 property. It looks like the purchase is going to fall through due to problems with the house which we have just discovered. My broker has says we can transfer the offer to a different house pending valuation etc. but…
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Nationwide Save to Buy Mortgage
Hi, I'm very near completion on the house I'm buying through the save to buy mortgage account. I currently have my 5% deposit sitting in the save to buy account, do I have to close the account to transfer the deposit to the solicitors for completion? As the only way to transfer money from the account is to close and…
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mortgage vs unsecured loan
I need about 25/30,0000 and according to a few loan calculator i could theoretically get an unsecured loan of that amount. What do people think? whats the pros and cons?
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Mortgage advice / reassurance required!
Hi guys, I was hoping that I could get some advice from those with more experience in applying for mortgages and just get a general idea of timings etc. I'm a self employed Ltd Company Director (50% share-holding), have a clean credit rating (for what it's worth Experian Credit Expert shows me at the top score of 999…
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Nationwide app pulled for audit
What does it mean when an application is pulled by 'head office' for audit. All underwriting was done. Just waiting for valuation which will not be instructed until head office hand the case back. Does anyone know what timescale it takes?
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Honest advice - how long are we talking
My partner is about 4 years into a DMP and only has about £5k left which can be paid off in about two years time. I'm not working we've got two babies so definitely not in a position income-wise but once they're in school and I'm back at work full time we'd like to put £25k (hoping to have around that figure by then) into…
