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Mortgage Advice
Hi, I have just spoken to L&C about re-mortgaging. My husband is out of work, we have Credit card debts - me approx £11K and him £4K. We still owe £58K on property valued at approx £155K. I earn approx £23K it was suggested that if I wanted to consolidate my debt that we would have to have paid off my husbands to get a…
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Nationwide early repayment charges
Apparently Nationwide said that I could incur EPC if my sale and purchase don't happen on the same day. Now I know most do happen on the same day but this could cost a lot of money if it didn't if I am right in thinking ?. My Fixed rate Mortgage runs out at the End of July with Nationwide. I was hoping to fix for another 3…
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Going overdrawn just before Exchange
I'm due to exchange on a BTL this week, I'm about £2k short for the required deposit,one of my current accounts (not main one) has a £5k overdraft which I've had for many years and never used, would it be a problem if for the short term I used £2k from the OD to fund the deposit? I have some shares I could sell but will…
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Mortgage advice first time buyer
Dear All, My partner and Ihave been renting while trying to save up to buy our own place. Unfortunately, our landlord has decided to sell his house so our plans are now in jeopardy. Finding a new rental place will affect our savings significantly and set us back a couple of years looking at rental properties in our area…
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Mortgage with Status Q on credit file
Hi All, I had a default on a pay-day loan (I have a lot more sense now) around five years ago. I was unable to pay the loan off due to having a serious head injury that left me unable to speak for the best part of a year. They never caught up with me as I had to move back in with family during this period. I have since…
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What would you do - stay on SVR or not?
Hi there, I'm looking for some opinions please... We have a mortgage which is currently split into two submortgages. Part 1) we carried this over from our previous property. It is a variable rate mortgage which we moved to when an old fixed rate mortgage came to and end. It is 2% above base rate for the remainder of the…
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Thinking about buying our first home... general advice appreciated
Me and my partner were talking about this last night and have no idea what’s realistic… So I just thought I would see what the general opinion is on here. Deposit: 7k Combined wage: 46k Maximum monthly mortgage repayments we could afford: £800 I have a loan for £6400, of which £6000 is still to pay over 4 years. My partner…
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Mortgage nightmare
Hello everyone. I'm new to this site. Anyway my partner and I are looking to move we have sold out house and we needed to borrow another £25000 to move to a bigger home in a nice area. We have been with the same mortgage company for over 10 years and have never missed a payment. When we wanted to remortgage we explained…
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Aliases
Hi, Hope someone can advise please. It might be nothing to worry about, but just want to try to get things sorted before any searches are made. The name on my bank accounts is slightly different to the name on the electoral role, because the council can't fit my long triple-barrelled surname on their computer, so they've…
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Moving Day
Ok we're just awaiting the valuers visit on the house we have agreed to purchase. What I want to know is what is the process on the day we sell our existing property and buy our new one I'm guessing:- * Packers/Movers arrive early on the morning of the move. * Load van/vans * Wait until pre-arranged time for us to get a…
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Company Director - Self Employed or Employed?
Hi Myself and partner are going for our first mortgage but we already tried last year and failed at the final hurdle due to our new business. Business has finally turned profit in its 3rd year and healthy growth. I remember last year we had an issue getting an SA302. As it stands my partner is sole director of the company…
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Bank statements
Hi everyone, This may sound like a silly question but here goes... Nationwide have requested the last payslip from the old job and the last bank statement, in our AIP and I gather they will ask for the employment contract of the new job however, the new job starts at the beginning of June and the last payslip from my old…
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Mortage valuation & noise
Our buyer is having a mortage valuation on our place & I'm worried the neighbours making noise will affect the valuation. Is this the case?
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Valuation survey - Nationwide - Scotland
I filled out and submitted a mortgage application yesterday just had a message from Nationwide saying 'valuation appointment booked for 30/5/2016' I'm assuming that's just someone at an office checking the Home Report? I never saw any mention of having to pay for a valuation when filling out the application - is that a…
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Advice required - First time London buyer, HTB, Shared Ownership..
Hi all, I'm starting to look at getting onto the property ladder and would appreciate some advice from yourselves. My main issue that I can see is that although I earn a reasonable amount for my age (roughly £58,000), the size of mortgage that I am likely to be offered is going to end up nowhere near the amount required to…
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Barclays and track it
Hi all! So I'm starting to wonder if maybe I shouldn't have picked Barclays to apply for my first mortgage, and also learn that when you work 40 hours a week it ain't easy to try and organise stuff like this :rotfl: I'm a first time buyer and made my application last Friday on 20th May. I had a four hour telephone…
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I know nothing - does this seem credible?
Hi all, Have spent a year paying down credit card debts, saving and getting promoted. Ultimately it still leaves me nowhere near being able to buy in my town and with a massive commuting bill I can do little about, but I can potentially move my job to the North with no salary implications. - I earn just over £30k, so I…
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Is non-standard construction REALLY a problem?
After viewing flats for over 2 weeks I cannot find a single one anywhere, on any budget, that is of "standard construction". I've read that they're really hard to mortgage which is rubbish. My broker advised that I will easily get a mortgage on any of them as non-standard construction is now standard. The best way he could…
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Re-mortgage with debt
I would appreciate any advice. My husband and I are about to re-mortgage, just switching to a new rate, not asking for more money. I am in debt and about 37% of my income goes to debt repayments, my husband isn't in debt. We have never missed any mortgage nor debt payments. As I am in considerable debt, more then when we…
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London & Country props
Hi I couldn't find a thread I saw recently about London & Country but I used them last year after finding their details on this site and they were good I have engaged them again this year as we're moving and I got a deal I am very happy with on the mortgage the point of this post is the agent Tim Sayers remembered me from…
