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Santander mortgage overpayment
Does anyone know how you overpay your mortgage, as I might be able to pay different amounts each month. It is to shorten the term of the mortgage. thanks in advance.
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3 yr fixed is up - Connells scam?
Hi all, need some advice. Took out a three year fixed mortgage with Kent Reliance on a shared ownership property. We had to go trough Connells at the time and "had" to take out a 6.8% rate mortgage (but that's another story). My three year fixed is coming to an end and Connells said they can get me on a two year fixed with…
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Mortgage Chance - Help all Brokers
Afternoon, I'm 30 years old and currently earn approximately £31,500 approx yearly. I have been employed in the civil service since 2004 and I am on a permanent contract. I am looking to my first mortgage and just wondering what chances do I actually have? My 3 credit reports shows:- Equifax - Excellent Experian - Fair…
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Does this sound sensible/possible?
Hi all. I wanted to run my situation past you to see if it sounds like a go-er (and to see if you might flag up any problems). So... My wife and I live in a small house on which the mortgage is paid (she paid two thirds as she had it before I met her and I paid one third.) For various reasons we are now splitting up…
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Can I get a mortgage if I'm a rent guarantor?
Will I be able to get a mortgage if I'm a rent guarantor for 2 different properties...neither have defaulted on payments ever...I've already been agreed in principle for the mortgage but I was never asked about this and it's only just occurred to me that this might be a problem :/
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£30k Mortgage on Part Buy - Do I overpay or save to move
This is my situation. I bought 25% of a part buy part rent flat 6 years ago (When i didn't earn much money and thought it was a great idea!!) I have 30k left on the mortgage which has an interest rate of 1.99% I now want to move to a house costing around 300k. I have at least 1k surplus a month to save. In my situation…
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Natwest re-mortgage chances
Hi, We going for re-mortgage on our house,it's worth 240, 000 with 62, 500 left to pay. We are trying to borrow 130,000 to pay 39,900 of debts off and for home improvements.We have never missed a payment on our credit or mortgage payments. I have had a few wonga loans but all paid off now.Have £3,300 overdraft though.My…
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Looking to buy my first home
Hi all, I have been renting for c. 13 years now, and have decided that it is time to stop. Finances:- I currently pay 525PCM for rent, and save 500PCM. What I am thinking is setting myself a maximum payment of 700PCM on the mortgage, so that way I have a 300PCM buffer to overpay/continue to save/enjoy life(holidays). Does…
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halifax mortgage for ftb
Hi We're in the process of applying for a mortgage through the Halifax after being made a mortgage offer by the principality that was £6000 less than we need to borrow and took them 5 weeks to decide! My question is, does anyone have any recent experience with getting a mortgage through the Halifax and any advise on…
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Mortgage application barclays
I 'm due to have a mortgage application interview with Barclays this week. One of the questions is ' How long do you intend staying at the property'. How would this affect their decision ? I probably plan to sell the property after 5 yrs which would also be the end of the 5 yr fixed deal i 'm applying for. Is this a bad…
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What if...?
Hi, Im a FTB and being a natural worrier, im really worried about the valuation (booked for next wednesday) coming back under what i have offered. I have an LTV of 65%. Personally i think i have offered what the house if worth. This is coming from about 15 houses i have viewed in the past month within 2 miles of this…
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75% ltv btl
Hi All, I am currently reviewing Natwest's 75% LTV BTL at 2.79% Mortgage. Does anyone know of any better deals ? The reason I opted to consider Natwest was because I rent out my property at £975 per month and live with my parents, it's currently on a residential mortgage with Bank of Ireland (with consent to let) and I am…
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Does this scream difficult vendor or normal?
Hi all, My BF and I are FTB and after viewing 16 properties put in an offer on a 2 bed apartment yesterday. When we viewed the agent said it had been sold twice before but fell through. First time, the guy who bought it was having deposit funded by dad, when dad saw it refused to fund it and told son to find something…
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Online Decision in principle
We recently completed an online form with Tesco Bank for a mortgage and at the end were declined for a "decision in principle". The decision was instant as soon as I hit submit. It doesn't seem likely that there was time for any sort of credit history check to be done but can anyone confirm whether this has any effect on…
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remortgaging without a building certifiacte
we bought a house nearly five years ago and somehow managed to get a mortgage even though the house did not have a architect certificate. The house was one year old at the time. We are due to remortgage and now worried that that we will struggle to get suitable mortgage. How old does a house have to be before an architect…
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Clearing Credit Card Debt on or Before Completion
Hi All, I am currently buying a new build as a FTB with HTB scheme. At the time of application I had around £15K of CC debt that I advised the broker I would clear before the completion. I subsequently cleared the majority and have been a COMPLETE fool by racking up £12K of gambling debt on a card last night. I obviously…
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2 year fixed or 5 year fixed?
I am looking at buying a flat, I have a mortgage offer for 3.69% for a five year fixed which I think gives me stability of knowing that I have decent rate of interest, especially as rates can only go up from here, but it does tie me into the property. Someone at work who is buying a property mentioned that she was getting…
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Can I get a mortgage with a good credit rating but a ccj?
Despite having a ccj against me for over 5 years ago, my credit score is good, it is 922 and only 39 points away from excellent according to experian. I can statue barr my ccj in a few months I am earning around £600 after tax, but have only been in the job 1 month, the place i want is only cheap , around 60k thanks
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Broker or mortgage advisor?
Hello, I’m looking to use help to buy, approx £5000 deposit for a £100,000 property. I earn just over £26,000, so thought that the above would be in my limits according to a few mortgage calculators. However I have just realised that my lease car that I have through work will also be taken into consideration as a monthly…
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Mortgage advice needed for staircasing on remaining 50%
Hi all, I own 50% of a flat on a shared ownership scheme. I purchased 50% of the property at £155k so £77.5k. Unfortunately I estimate the property to be worth only £120k now. I have £60k left to pay on my 50% so basically I have no equity. The remaining 50% to staircase would be £60k. I have 10%deposit available for this…
