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5% Early Redemption Fee with 1 Year Left - Help Please
Hello all, I have search the boards but cannot find any specific information on this. I have a mortgage with Nationwide with just less than 1 year to go on a 5 year fixed rate of 4.89% interest. We are looking to get out of this now as opposed to waiting for the 11 months for the fixed rate to expire due to certain…
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Solicitors source of deposit?
I'm just filing out my solicitors pack and there is a source of deposit form. It says I need 6 months of bank statements for it? I have a passbook savings account with only 4 months in it and no statements? Should I just send this? Also it says I don't need to show all the funds I need just a majority? So far I have my…
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Mortgage with CCJ
Hello all I have a CCJ from Feb 2014 from a private parking company (it's a long story). I was just wondering what my future chances of getting a mortgage with this hanging over my head. The CCJ is the only (a major one I know) problem on my credit files. This CCJ was 'satisfied' a few months after I realised it had been…
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Increase mortgage repayments or create ISA
Is there an easy answer? With continuing low interest rates it is appealing to create an ISA rather than increase mortgage payments. I am a higher rate tax payer does that make the decision any easier?
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Mortgage fear!!! Advice please
So I'm terrified of getting a mortgage, more the rejection of it. Here's my stats... 39 £82,500 salary £850 a month in debt outgoungs (car, credit card and next) £151 in maintainance 1 dependant, not living with me Seperated Seen a house for £185k and have a 5% deposit 2yrs history of renting No missed/late/arrears/CCJs on…
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Mortgage dilemma
Hi all I posted a thread on the families board a few weeks ago, called 'worried' if you are interested in the full story. People there were really helpful with advice, it would be useful to get some specific opinions on mortgage queries. Basic details: - have a joint mortgage with partner - £180k, bought house for £225k 18…
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Clearing debt before mortgage app - what to clear first!?
Apologies if this thread is under the wrong subject (house buying, mortgages, debt-free?!), i wasnt sure where to put it! Me & the other half are planning to move house next year. I've got residual debt which I want to make a concerted effort to get down before we move, but not sure what to tackle first. Any advice would…
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What documents are needed to increase borrowing on mortgage?
Hi, anyone done this recently? Bank say we can afford to borrow an additional £22k, but I have no idea if we need to again go through the pain of the credit checks etc! Will we need 3 months payslips, 3 months bank statements, inside leg measurements, etc? Advice gratefully received :D
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Buy to let / buying new home
My partner and I are considering moving into a new home together, I have a property ( flat/maisonette) which I would like to retain and rent out, still have a mortgage of about £50,000 on repayment mortgage. Equity is about £40,000. Other flats have easily been rented out at appx rent of £500 a month in this area. We would…
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Consolidate debt for a better mortgage?
Hi all, My partner and I are looking to apply for a mortgage within the next month or so. We have spoken with a mortgage broker who has told us, based on our income/outgoings, the type of mortgage we can afford. I am really worried about the application as neither of us have much of an idea what companies are looking out…
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Mortgage turned down on bases of survey, what now
Hi, people may have seen my previous posts about remortgaging to but to let and purchasing a new home. I applied to Nat West for both, I have the official offer for the new house (broker said I flew through lending criteria). My problem is, the survey for my current home came back short, 10,000 less than the 80,000 I need.…
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Initial mortgage payments 20 years ago!!!
I have not looked at claiming any PPI but can remember an amount being added to our original mortgage debt, which was some kind of insurance that we had to pay to ensure the bank would get there money back if we defaulted on the loan. This was in 1989, I vaguely recollect a similar amount 9 years later when we moved on.…
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Number of children + Child maintenance payment
Hi, Looking to apply for a new mortgage since splitting with the wife. I have 3 kids, which will be staying with their mum 80% of the time, so will be paying a bit child maintenance. When applying for a mortgage, do I say I have 3 children staying with me, or none? Obviously it would be a double blow if i have to say 3 +…
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Mortgage Advice Contact please
Hi, does anyone have contact details for mortgage advice (preferably free), in Oxfordshire area, or within miles please?
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GE Money Home Lending Limited
I had a mortgage with my ex with GE Money Home Lending - the property was repossessed and the only thing I knew about it was when I received a Notice of eviction from County Court. This was in 2010. I entered into an IVA and advised them regarding mortgage - this is now coming to an end and I need to get settlement figure…
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Halifax help!!
We applied through an IFA for a Halifax mortgage five weeks ago. Got agreement in principal Halifax instructed survey - all good Wait... Wait... Wait.... Started chasing IFA All of a sudden our case has been referred to business manager and again wait.... Wait... Wait..... We really dont want to lose the house we're…
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Sole trader Mortgage net v sa302
HI all have posted some similar posts but still coming up against problems sorry if this is obvious stuff but its confused me .. I had asked my accountant to provide me with my last 2 years net profits for mortgage purposes as this is what the mortgage companies are asking me as a sole trader so these are the figures i…
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Help: Halifax not sent funds and meant to complete on monday
My solicitor hasn't exchanged today because my mortgage funds from the Halifax haven't come through for Monday , my broker said my solicitor informed his office completion was Tuesday , but my solicitors is still aiming for Monday despite the funds showing up. Surely my solicitor wouldn't be so incompetent as to get the…
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Overpay Repayment or Interest Only Mortgage?
Hi, We have a part repayment and part interest only mortgage that we'd like to pay off 20K. We have been told by our bank that we could pay a lump sum of £6000 off the repayment mortgage before incurring any penalties or could pay the whole 20K off the interest only side without incurring any penalties. Not quite sure what…
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Im in a chain.........get me out of here!!!
Since August 20th I have been in an " end of chain" ( 4 people above me), I am ready to sign.. and exchange however I have been informed that everybody has to be ready to sign at the same time to complete the chain. I can see this taking ages!!!! some one please help me, my estate agents is crap! any advice??? Should I…
