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Tracker or fix?
I totally understand no-one can predict the future but just looking for peoples viewpoints. My deal ends soon, so need to re-mortgage so I've got to make the decision one way or another anyway, if it were you right now, would you go for a fix or a tracker? I could afford an increase if rates went up so it's not a life or…
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Aldermore Mortgage
Hi, Aldermore have agreed a mortgage with us, but just had a phone call with Broker who wanted to check all other debts outstanding, Aldermore seem to have done a check and think we own other debts of an extra £3000, we have no idea where they are getting this information. Will this affect our offer? And would they be able…
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Buying off plan - mortgage deposit and builders deposit
Hi folks, Wondering if anyone can help me to understand the process for buying off plan in respect of deposits. I've worked hard to save a 30% deposit for a new build valued at £233,000. I understand that when I get the contract to buy off plan, the builder will want a deposit, probably something in the region of 10%. This…
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Advice for FTB
Hi, Just wondering if anyone knows where I can get some free mortgage advice? I've been on these forums and I am struggling to figure out the best way to go about applying for a mortgage with my credit history. Is there anyone/anywhere I can go to just to have a chat about the best way to get a mortgage? Thanks 😊
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5% Deposit - Max Affordability
Hi, I currently have between 6-8k as a deposit and have seen a house for £125k so am looking for a mortgage for 118750. Before I start applying is this a realistic amount I may be able to borrow based on my circumstances. Salary £28k Permanent Guaranteed annual bonus £2k Credit Rating. Experian - Good Equifax - Excellent…
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Do i need a computer score?
I have a mortgage and have never defaulted . I am on 'no deal' at all so paying full wack but cant seem to get a deal because when I put my income from my part time jobs into the computer score system it says that I'm not eligible. How can this be if I already have a mortgage - have never missed - and only want a good deal…
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Required to vacate immediately once equity transferred?
My ex-partner is purchasing my share of the equity on our property. I currently live here but the intention is to buy elsewhere with the money from him buying me out, and then he will move back into the property as the sole owner. So far the process has been amicable - we have been discussing a tenancy agreement to cover…
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Remortgage to leave NRAM
Does anyone have any experience of re-mortgaging with a new lender from an NRAM Together mortgage? My girlfriend and I have a NRAM mortgage that I took out with an ex 9 years ago, last year I took my ex off the mortgage and unsecured loan and added my girlfriend instead. We would now like to re-mortgage to a new supplier…
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Sense Check
Hello everyone, I am wondering if you can help me with something as I am clearly financially illiterate. I recently bought a one bedroom maisonette with my partner for £175,500. My partner put up £48,000 of the deposit and I put up £12,500 - this leaves us with a mortgage of £115,000. In order to pay my partner back I am…
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Credit Card Balance vs. Loan
Could someone advise me if it is better to have a loan or credit card balance when applying for a mortgage? The reason I ask is that I have a loan which I pay every month (no missed payments or anything untoward), but I also have the facility of an interest free money transfer on a credit card of mine. My thoughts were to…
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Halifax Mortgage Process
Hi all, I am currently going through the Halifax mortgage process for a help to buy new property. This is where I am currently at present (very stressed!) 02/09 AIP from Halifax 06/09 Made offer and put an holding deposit down 06/09 Instructed Solicitors 07/09 made full application to Halifax 09/09 Case went for review to…
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Part exchange mortgage query urgent advice needed please
Hi I am planning on part exchanging my present house for a new build. My purchase price will be 349,950 Builder in worst case scenario might offer 160,000 for existing part exchange property (or wont go ahead) plus stamp duty and legals to be covered by builder (but this is not fully agreed as pending valuation of my…
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mortgage agreement in principle
I have just received a mortgage agreement in principle of £110,000 with 35% deposit. Does this mean I can offer on properties around £150,000? Or £110,000?
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Mortgages and seperation.
My wife and I have agreed to separate after 12 years together. We have come to an informal(ie non solicitor) based agreement on the finances regarding the house. We are separating on good terms and are keen not to "waste" lots of money on solicitor and legal fees as we have an eight year old daughter together and are keen…
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Getting a direct debit back from a paid off mortgage
Quick question. We completed on the sale of our old house on the 26th August. A direct debit for the mortgage payment for our old house went out of my account on the 1st September. That same day we received a letter from our solicitor, dated and posted on 30th August confirming that he’d used the funds from the sale of our…
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Confused! Close credit accounts before applying?
Hello, I've posted a few times on here now but I'm still a bit confused! I will be applying for a mortgage next April/May with my partner. I have paid off my credit card and catalogue account, however I have read that if I close these it will have a negative affect on my credit file, is this correct? I have no other…
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First time Buyer advice.
Hello there, Sorry if this is the wrong place I thought it looked like the best place to ask a few questions hope you don't mind. Back story below but here are the questions. Is it best to approach a bank for a query on getting a mortgage in 12 months time or is there anyone else I can go to? Also what kind of mortgage…
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Tracing Mortgages and Endowments
Hi. I've got a couple of questions in relation to endowment policies. My father passed away in 2014 with no paperwork or much of anything left behind to try and track down his assets. To complicate matters he lived in Spain but retained a residence in the UK in Hatfield. I was able to track down one of his bank accounts…
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After completion on a sale can the mortgage company request money from me.
I have recently completed on the sale of my flat, I have had a request from my old mortgage company to pay them for an underpayment at redemption. If this has to be paid please explain how the sale was completed at all.
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Precise Lending Multiples
Hello, just looking for what multiples Precise apply when working out affordability. I earn 32K and wife 35K, only finance is car HP at £390pm. Any one have any experience with them? Thank you
