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Late Payment Or Default Best For Mortgage?
Hello, I was hoping for some help/advice as I prepare to make a mortgage application next year. I currently have a default on my credit report from March 2012 for £487, this has not been settled yet, the lender has offered to remove the default and replace with a late payment mark 3 upon settling the balance. The default…
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New Build Deposits
Hi, A lot of lenders are asking for 20% deposit on New Builds. I was hoping more for around 10%. Does anyone know of any? Not really considering Help to buy. Based in Scotland. Cheers
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FTB Help !!! Deposit Problem
I posted this on another thread on site but was advised to post here. I have made an offer on a property (scotland) which has been accepted. Mortgage has been agreed and all paper work signed and accepted by the lender/bank. I had to provide them with a gifted deposit letter from my mother as she gave me the £20,000 needed…
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Mortgage offer accepted - what next? How long?
Posted this in another forum but looking at the threads here this may be more appropriate: I might be asking how long is a piece of string here but mortgage offer appeared online late last Thursday and I accepted it online early Friday morning. Since then, nothing, I spoke to my agent who said paperwork should arrive with…
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Can a couple get a joint mortgage with just one working?
Hi As the title says, can my partner and I get a joint mortgage with him as sole earner? I'm a student nurse but my bursary, tax credits and child maintenance can't be included as income so the adviser says we can only apply in my partners name. Surely lots of coupes get joint mortgages with just one working? What about…
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Mortgage help!
Hi, to cut a very long story short, my husband and I are trying to get a mortgage but are struggling as he is self-employed. We have a good deposit and I earn £43,000 a year but because his business is new, his income isn't that high at the moment and all bank lenders we have spoken to just won't take him into account.…
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Mortgage Agreements in Principle
Hi all, Would there be any negative impact of obtaining numerous mortgage agreements in principle from lenders that do 'soft checks' i.e. that don't effect your credit rating, to see who may be offering the best deal? So far I've seen that Natwest and Barclays do this. Any other suggestions? Will be getting a mortgage…
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Valuation
Hi, Had phone call today saying the valuation has been booked for next week! I have been left a bit confused though as the estate agent told me that with them booking the valuation in it means the mortgage has been accepted subject to valuation? But this has come from the estate agent not my mortgage broker. Is this right?…
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Valuation
So valuation booked 4th March which seems ages away! Will they start underwriting or only do that after the valuation. Really wanted to complete before Easter as we have no chain either way :(
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Remortgage Now or after Chancellors statement?
Our current fixed rate mortgage deal ends in June this year. We'll have about 8 years left so are looking at a 5 year fix (which we're hoping to overpay during that time). Some banks/building societies will guarantee us a deal now to start when our current one ends. We've obviously seen all sorts of reports about the…
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Overpaying - 2 mortgage accounts
Hi folks we have 2 separate mortgage accounts through Nationwide. One our original mortgage with approx £30k outstanding and another for an extra loan which has about £10k outstanding. Both are on identical T&C's, we are on the standard 2% above base rate with no restrictions. We are able to start making overpayments - is…
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Another Gifted Deposit Question
Hi all, Just looking for a bit of advice. Fiance and I were looking to buy a home with a joint mortgage. His mother offered to gift us the deposit (baby due so wanted to help us out). Unfortunatly the joint mortgage was refused due to partner history but I should be able to get my own mortgage. I have a decision in…
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Admin charges
The company that are supposed to provide maintenance gave me a deadline to clear last years fees, even though the admitted that the company they employed to clean windows was not cleaning my velux windows but they were still billing me for them. So after being advised to pay it and dispute it after they said payment had…
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Retention funds about to be released
I have a (probably stupid) question about a mortgage retention. Nationwide retained £2,250 of our mortgage in the summer because our house was damp. We have had damp proofing work done and submitted the certificate to them. They are happy with that, their surveyor is faxing over a report in the next two working days…
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Can i move house?
Hi Without going into to much details does anyone know if it would be possible for me to get a mortgage for a new house even though i've had a few late payments on my current one in the past? Thanks
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gifted deposit problem
Hi all, Just looking for some advice from people who have been in the same situation and what they had to do to resolve. Basically, ive been approved for a mortgage but they have offered me 5k less than what i need because of affordability check. House price is £153000 my deposit i have saved is 15300 10%. They will borrow…
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First Time Buyer Rubbish Credit Situation
Hello all - I wonder if anyone can advise me. Me and my partner are first time buyers and have been looking for a while. We were refused a decision on principle by Nationwide in Oct (We were trying to lend £135000). In January we were both terrified and delighted to find that I had fallen pregnant. Now we have a baby…
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Switching to new deal
Hi All, I took out a mortgage with the Halifax in August 2014 which is fixed for 2 years. My question is, if I want to stick with the same lender, is it better to go online and switch myself? Also, is it likely when I switch I wouldn't have to pay any fees at all? Lastly, at what point is the best point to switch given…
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25 year mortgages
I am 48 and due divorce find myself renting, but want to get back on the property ladder. The problem is that due to my age I have been told I can't get a 25 year mortgage. This means the repayments of 16 year mortgage is pretty high without a very large deposit. Does any one know if (given my age) I would be able to get a…
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Help to buy ISA(renting & Government benefit)
Hello everyone, My partner & I are interested in setting up a Help To Buy ISA each with the looks to helping boost our deposit money! Great stuff! I have a couple of simple questions which after reading the GOVs 69 page PDF about it, I still can't find the answer! Basically I was wondering if I used the scheme, moved in…
