-
Mortgage post IVA
Good evening, Is there anyone that can help with a remortgage post Iva? Any brokers that specialise in this? We are more than solvent since completion and in remortgaging we would free up even more cash by paying off a secured loan. Please help Many thanks
-
Mortgage Application Advice
Hope you can help. I am buying my first house with my wife. We have the mortgage offer in place, have exchanged contracts with the vendor and have a completion date of the 14th August. The vendor has no onward chain. I noticed that the rate the mortgage provider is now offering, is 0.2% lower than what we were given on our…
-
Having a Big mortgage in your Forties
Hi I would like to know what people think about having a big mortgage in their forties. When I say big I mean I am 44 and am in the process moving home and will owe about £160k and it will not be paid off until I am 65. I have read much about "it seems to be common for people in their forties to have to do i.e get a 20/25…
-
question about mortgage dependents
Hi, I'm wondering the best way to apply for a new mortgage - there are two of us with two children under 18. My husband earns the most and is in a permanent post and I am on a zero hours contract bringing in a few hundred pounds a month. Mortgage calculators show that we would be able to lend more with him being the only…
-
Mortgage with Natwest, one we went for no longer available?
We were applying for a 3 year fix (10% deposit) at 3.73%. I had seen it listed on a few websites. I saw on a thread on here where someone posted that Natwest have changed their rates, and now I can't find the above one we went for. If it has changed before we have our offer, do we select another one to go with? Is it time…
-
What is a Retail Marker?
Hi, Does anybody know what a retail marker is? Apparently Nat West are unable to proceed with my mortgage application because there is a 'retail marker' at branch. When I asked which branch, I was asked if I had a personal advisor or a bank manager. I DON'T EVEN BANK WITH NAT WEST! I never have done!
-
Mortgage application Halifax
Okay so our broker confirmed the mortgage offer had been submitted to halifax. The goalposts changed slightly as the discussion we had with him was based on 5% deposit and he came back before submitting it advising that it could only be accepted at 8% meaning we needed an extra £3,331 but after speaking to bellway they and…
-
NRAM Repayment mortgage
I have a repayment mortgage started about ten years ago with Northern Rock some time ago following the banking crisis the mortgage was transfered to NRAM . NRAM will not take on any new business or allow changes to exisiting mortgages, under the the new lending rules i will not be able to get a new mortgage else where so…
-
Desperate for mortgage advice
Hi there, looking for some mortgage advice. Me and my fianc! are getting married next year and would love to own our own home before the wedding. Our situation is we both work full time and both earn 20k a year. My fianc!'s credit situation is very simple, she has a excellent credit score with one credit card that she pays…
-
Struggling to remortgage
I currently owe £180k on a house valued at 325k to £335k. We have lived here since 2008. We have done major renovations to the property downstairs. Extensions, conversions, walls knocked down, etc etc. All this has been done via personal loans as I always assumed we had no equity, due to buying during the credit crunch.…
-
Mortgage for a 21 year old
,,,,,,,,,,,,,,,,,,,,,
-
Looking for advice on borrowing more
Hello I'm hoping someone can help. I brought a house last July for 170000 done lots of work and had it recently valued at 210000, I owe 140000 and want to go to nationwide and borrow an extra 10,000. How do you go about getting the extra and is it an easy process or is it similar to another full mortgage application? How…
-
Adding partner to mortgage - but don't want equal ownership?
My boyfriend moved in with me earlier this year. My fixed rate mortgage is up in December and at this point we'd like to add him to the mortgage so we can borrow more (plenty of equity) to improve the house. The thing is, as there is plenty of equity, all of which is mine, can we still have a joint mortgage without him…
-
100% Mortgage needed asap!! Please help!
Hello and thanks for taking the time to read this. I live with my wife, we have been renting a cottage for 3 years and have made an offer to the landlord to buy the property, It was valued at £165000 six months ago, we made an offer of £130000 and was accepted mainly as the house needs re decorating throughout but is a…
-
Can early redemption fees...
... Be paid from equity once the house sells? Thanks in advance, Emma
-
Require advice - am in a catch 22 situation
Hi After splitting with my ex-husband I managed to accumulate some debt whilst I found my feet. As part of the divorce settlement it was agreed that I would get a lump sum from him once his name has been removed from the covenant on the matrimonial home. I live in the house and we both pay an equal share of the mortgage.…
-
How long is the process if I already own the house?
I know buying a house can be a long drawn out process especially from what I read on here(!), but if I already own the house and the process is taking on the existing mortgage and getting additional mortgage to buy the other owner out, is this likely to be a quicker process or does it make no difference at all?
-
Early Repayment Fees!
Hi, I am currently on a 5 year fixed mortgage with RBS. My current deal runs out in 5 months (end Nov). I have found a new property that i am ready to buy and i have an agreement in principle with another lender. Do i need to wait until that deal has finished to avoid paying fees or can i switch before then? I bank with…
-
How the use of your own money affects mortgage application
I have been reading some quite scary articles regarding what you should/ shouldn't do when preparing to apply for a mortgage and now I am worried I may have broken all the 'rules' already. Our house is on the market and we are looking to buy our 'forever' family home, so the mortgage will pretty much double. We have a DIP…
-
Mortgage Rates Vs BoE Base Rates - Help to Understand
Hi Growing up people referred to the awful interest rates on mortgages, but I wondered if someone could help me to understand a bit more, I haven't managed to source the info elsewhere. Am I right to think, that the correlation is, base rate goes up, so mortgage rates go up, but by how much will depend upon the lender in…
