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Can I have two mortgage offers open at the same time?
hi, I have been trying to buy property for long time. Found property, lets call it property A, 9 months ago but due to various reasons we still didn't exchange the contracts. Because its been taking so long worried that I might not buy it at all, I started searching for another property, lets call it property B. And I…
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Help to buy question?
Hi guys me and my partner are currently paying £200 each into a help to buy isa so looking at £500 going in a month with the alowance from hell to buy(understand this £100 is not going into my account), we are looking at trying for £100,000 morgage but have seen a company who are saying new build houses for sale for…
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i want to help my dad buy a new home, but it has the be a 2nd home...
Complex - can someone help please? My father is 80 years old with an interest only mortgage of just £35k living in a former council estate. I am looking to help him move and have found a property in a "country park", but the catch is that it has to be a "2nd home". The likely sale price of his current home will match that…
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Wonga and equity loan
Hello Has anyone managed to Buy a new home through the help to buy equity loan scheme and had a pay day loan previously?
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Gaze into the crystal ball! :)
I realise no-one can give a definite answer to this question but your views would be welcome. The end of my fixed rate mortgage is 31st July. Currently on offer are 2 and 5 year fixed rates again however with everything that has happened over the past couple of weeks and the BOE speech last week, there is suggestion that…
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How can I re-mortgage with horrible credit score?
I currently have a mortgage, loan, car & credit card payments which leave me with very little money left for bills and food. I have now been hit with a credit card I thought I paid off and a factor fee I didn't know anything about, both of these have decimated my credit score so I can't get a normal re-mortgage, tried to…
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Mortgage and Debt Management Plan
We have been offered a mortgage and upon completion should have enough funds left over to make full & final settlement offers against my DMP which is nearly 6 yrs old. The mortgage company have made this a condition of the mortgage. I will handle the funds and work with my DMP management company to make offers. Question:…
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Help pay mortgage or save?
Currently have £5000 in Santander 123 account that pays I believe 2.4% after tax. My mortgage has approximately 10 years 8 months and with a balance of aprox £36200 with a life tracker rate of 2.19% which allows over payments I want to keep a 5k buffer in case of problems in the future and want to pay off the mortgage in…
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Declined - Credit score and lending policy
What does it all mean? We've just been through the process twice with a lender via broker - we passed all initial checks and the usual affordability (we do well but have a bit on c cards but we found the house and had a deposit of 5% so went through and it was fine, lots of money in account each month. The first time we've…
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Mortgage application-advice needed
Hi. Can anyone offer some advice on the mortgage application process. We applied thru a broker on 4/6 & still haven't received an Agreement in principle. We are requested for additional documents, clarification on outgoing & income etc every 3 days but no feedback. We have a sale of our current is confirmed for 28 July (in…
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The process of a re-mortage?
Hiya, 3 years ago we barely got a mortgage on our joint income around 23k, my Husband is currently on 19k and I'm self-employed for the last 3 years but due to a lot of investment in the last year to a new area, the profit level will show around zero if not in minus for the last tax year.(and wasn't very high the 2…
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Borrowing for home improvements
Hello, We need to borrow some money for home improvements. I was thinking of lumping this onto our existing mortgage. I have just spoken to the bank and they offered a second mortgage account or a personal loan - both options are eye-wateringly expensive. What is the best way to go about this? All suggestions welcome - as…
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Remortgage with bad credit history
Hi all Had a mortgage for several years with interest rate of 6.49% due to bad credit history. Monthly payment is approv £1000 Property value approx £195,000 Outstanding balance approx £123,000 So approx £60,000 equity Tried a few times over past few years to remortgage but get rejected every time so caught between paying…
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Contractor Mortgage application
I am director of a Ltd company and have been mortgaging with Halifax for the last few years as a contractor. My current mortgage broker have been approached to remortgage. My wife has her own business as a PA (sole trader) and also gets a salary and dividends from my Ltd company and she is a shareholder. The broker are…
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Comparing mortgage offers with product fee
Hi, is there an easy way to work out a product with no product fee with a high rate to that of one with a few but lower rate? Basically i can take a 1.89% (with my current provider)- No fee or Take a product with HSBC 0.99 - with £1500 fee. This is for the next 2 years only Mortgage 114000 over 25 years. This is how i have…
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Mortgage for small default over 3 years old?
Hi, im looking for some advice on mortgages which i'd possibly be approved for? I am looking to buy a 'New Build' on a Shared Ownership Scheme. Full value of house is £170,000 however, i would be buying 50% for £85,000. I have a deposit of £35,000 so only require a mortgage of £50,000, which would not be a problem with my…
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Interest only vs interest + capital??
I'm in the process of buying my first home. I've been offered a 2 year fixed mortgage at 1.99%. The price of the house is £315,000 and I have a deposit of £144,000. I have been advised by my accountant to have a interest only mortgage and then I can decide how much to pay off per month. They've also personally recommended…
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Halifax Mortgage Application/Offer Cancelled (after exchange)
We took out a mortgage with Halifax in Feb for a new build which was due for completion in June but has been delayed till mid July. Anyway, when we made the application, via a broker, everything went smoothly. Application was accepted without any issues and we exchanged within a days! Happy days! Fast-forward to yesterday,…
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Help! Please with self employed mortgage
Hi, I wonder if you can help please. My other half has been to an IFA to enquire about a new mortgage which we now have in principal. The IFA used his last years income (1 year only) to offer us a mortgage for a purchase price of £280,000, deposit of £60,000 for £1690.00 per month. This is at 5.07%. Does anyone else think…
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Re-mortgage
I'm lending my son a 20% deposit to purchase a house but I will need the money back after 5 years at the very latest. If he decides to re-mortgage and stay in the property rather than sell will he be able to borrow extra from the (hopefully) increased equity to be able to repay his debt to me?
