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Starting a small business
We want to start a cattery business. However, I'm confused at what sort of funding to apply for and where is best to find the funding. We have already found the ideal property which has a clause 52, the outbuildings must be used for commercial use, which suits us because that's what we want! I have a business plan,…
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Affordability vs Credit Rating
Dear forum, While affordability and credit rating are both important in their own right, which aspects of credit rating would negatively impact affordability significantly? Being specific, my credit file has no red flags (0 missed payments, 0 defaults, 0 CCJs) and shows a good product mix. However the file will show that…
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Any Help to Buy Equity Loan success stories?
Hi all, So, my broker is telling me that due to my credit history (two defaults, one 3 and one 5 years ago), banks/BS won't touch me and those that would consider me, wouldn't lend what we need. We only have a 5% deposit on a house worth £215k. I do have an AIP from Precise. The rate isn't 'too' bad, just under 4% but the…
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Salary sacrifice and remortgage
I currently have a salary sacrifice pension set up and have a remortgage coming up in the next few months. Is it worth me reducing my salary sacrifice now , so that I'm more attractive to the potential mortgage companies? I do have an emergency savings, good credit history etc, but have heard that the salary sacrifice can…
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Mortgage Condition - Must pay off Credit Cards - Is this serious?
So part of my mortgages T&C's states that: '£3,000 store card/credit card must be paid off in full within 30 days of mortgage completion' - it goes on to say that you cannot use further borrowing to pay this e.g. balance transfer. My question is - how serious is this? Both my partner and I have various credit cards with…
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Remortgage Required - Advise Needed
Hi, My two year fixed rate mortgage is coming to an end in a couple of months. I am looking to re-mortgage as I would like to raise an extra £30,000 against the equity of my house. At present I have a house which has been recently valued at £290,000 with a present mortgage of £69,000. I can afford the extra with no…
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Mortgage advice needed
Hi, Just need a bit of advice. I'm rebuilding my life after bankruptcy that is due to be removed from my credit file in October this year. Once gone my credit history will be clear and I only have 1 credit card, which has a £1,500 limit and is paid in full every month (£200 spend). I earn £38k +10% bonus and my wife is…
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Removing a name
Hi I'm with Paratus amc for my mortgage. I originally had it with gmac then Paratus took it over about 4 years ago. Originally the mortgage was in my name but when I got married I added my wife onto it for a £50 admin fee. Now 9 years later I am getting divorced we have agreed a settlement figure. But now am wanting her…
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How high can we aim?
So me and my fiancee and currently looking for our first house together, and we're a bit confused as to how much the bank would borrow us. I'm a software developer currently earning £31250 a year, and my fiancee is not working, but does help care for her disabled mother. Anyway, I spoke to Natwest (my bank) and they…
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HSBC lifetime tracker fee saver
Hello there - first time poster and long time lurker on these boards! I'm going to ring HSBC at some point for more information but would really appreciate some opinions on whether this mortgage is a good deal for me as my head has been in knots for days trying to work out the best deals. I am shortly due to come out of a…
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Effect of very very old debts on mortgage application
Hoping someone can help I had some debt with Halifax around 12 years ago that it transpired I'd forgotten about when I left the country. They sold it to Equidebt about 10 years ago and it fell off my credit file, possibly around 4 years ago after the 6 years. It was maybe around £4K or so. I'm worried if I ask Halifax for…
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changing mortgage to a buy to let mortgage
Hi I have a mortgage with TSB and i would like to rent out my home and move in with a friend. How easy is it to change my current mortgage to a buy to let mortgage and is there any fees that would go with it? Thanks
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Advice
Myself and my husband are in an extremely lucky position in which we own our house outright. We haven't ever had a mortgage. My husband also has £80k ish in savings. We are looking to move within the next few months but we aren't too sure where to begin. I have had severe problems in the past with gambling and debt,…
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Disputing valuation
Just wondering if homes under offer and sold stc can be used to challenge a valuation? The valuation of our home has came in £25,000 under what two homes are currently in the process of selling for. It's also £10,000 below our mortgage valuation from 2 years ago. Before these two houses which are currently up for sale the…
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Pay off remaining mortgage or save in isa or saving accoung
Hi, i am bit confused and need some financial advice...... i have 62,000 mortgage remaining on my property which is at 2.49% interest.......with current saving rate being too low (1% on ISA) , would you advice paying mortgage off in total? i have surplus savings earning low interest rate.
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Mortgage newby - hopefully!
Looking for opinions on if either of these options would work. Applied for RTB and we were expecting a value of 100K with 60% off we also have savings of 20K to put towards it. Joint income of 15K and looking for mortgage over 12 years due to age. However value came back as 135K still with 60% off. We can stretch to 24K…
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TSB mortgages ...
Hi, This is one for the brokers or anyone who has had a mortgage through TSB. Just from reading this forum it seems Halifax are quite straightforward with their application process and have a good turnover time. How does the TSB fair ? Thanks in advanced
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Charging order on Mortgage
Simply.. I have 2 charge orders on my mortgage. It is a joint mortgage but the debts are joint. I have maintained the agreed payment to the companies since the agreement and I have never been forced or requested to sell the property. I have equity in the property whic is insufficient to clear either debt. My question is…
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Switching current account before remortgage
Last month I switched my current account to HSBC in order to take advantage of their switching bonus and also set up a regular saver. I will need to remortgage in September/October when I plan to move back into my house. I have seen a mortgage with Nationwide that looks like the best deal, there is also £250 cashback…
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Buy to let mortgage for non-homeowner
Hi, I am after a buy to let mortgage but one of the criteria of the mortgage providers seems to be that you need to own your own home. I live with my partner, and the house is his. I know there are companies out there that lend to non-homeowners, as articles have said so when I've searched online, but they don't name who…
