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Nationwide BMR - Overpayment Borrowback
Hi, Currently have a mortgage on nationwide BMR, so nice 2.25%. Currently have a small amount of savings that might get used to replace our oldest car in the next couple of years, (the longer the better) How easy and quick is the borrowback to do and do they ask any questions as to why? My thinking is can I put in say 8K…
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Re-Mortgage Help/Info
Hi, I have recently had a letter through from my mortgage adviser stating I can remortgage in December (this 2 years has flown by!) I was a first time buyer so this is my first remortgage and i have a couple of questions, We found getting a mortgage difficult as my partner had a very bad credit rating, so we managed to get…
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What is adverse credit?
Does anyone know exactly what constitutes adverse credit? Do late payments markers count as adverse or does it only become 'adverse' when it is late by more than 1 month?
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Investec Bank Plc
Hi, My fixed mortgage rate expired November 2015. My employment circumstances changed December 2016 and my mortgage increased by more than £800 per month. I asked the bank for a new fixed rate and sent a copy of the letter the previous Chancellor sent to the banks about treating existing customers fairly if their…
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Mortgage with settled defaults
Hi, My partner and I are looking at buying a house together and getting mortgage. He owns his own house and we will have roughly a 50% deposit. His credit rating is very good (999). When I was made redundant I made some mistakes. Missed payments, as a result I got defaults on my credit record. All the defaults are settled…
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Mortgage calculator with multiply interest rate
Hi everyone, I have been searching about this for days but still no luck. I am looking for a calculator or the fomula (preferable) to calculate the payment of the mortgage that has multiply interest rates. For example, with most of the current mortgage deals, they all have a initial interest rate e.g. 1.99% for x months…
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Car Finance with Mortgage
Hello When applying for a Mortgage - how do lenders view car finance? Whether its a Loan / Hire Purchase / Leasing? Are either more/less attractive to a lender? Thanks
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Mortgage following an IVA?
Hi, Long time reader of this forum but I've only just signed up to post a question. I entered into an IVA in September 2010 which successfully completed in September 2015. Certificate of completion issued and I've written to Equifax and Experian to ensure they've received verification of the completion. Both myself and my…
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Late Payment on credit card -mortgare
Hi Guys I had approved mortgage offer on a new build. I paid 10% deposit and exchanged contract based on that offer. I have to pay 5 % in next month before completion. Total 15% deposit. In july by mistake I paid late on a credit card. This was highlighted in my recent credit report and my broker called me today that they…
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Mortgage, DMPs and Change in Circumstances
We have had our current mortgage with the Yorkshire BS since 2009 and never defaulted. We owe £80k and the value of our house is £185k. We pay £700 per month. Our circumstances have changed since then. I went on a DMP in Nov 2011, Husband started one in 2014. Husband was made redundant in 2011 and I took VR (before I was…
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Can you re-mortgage a property with an equity mortgage?
A couple in their 70s, took out a small (around 10%) equity mortgage when they down-sized in 2008 and interest is rolling up at 6.7%. As the interest rates available are now so much lower - can they re-mortgage? I always thought you couldn't do that!
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remortgage with ex named on mortgage
]hi guys i was wondering if anyone could help me please.....if i wanted to remortgage the house i live in with my new partner and my ex husbands name in on the deeds and mortgage...do i have to tell him what i want to do? Many thanks in advance :)
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on the case
just switched my existing mortgage with Nationwide to a tracker. Saved over £2000 over 2 years Then changed broadband from BT to Talk talk etc. Saved 20 per month . Now to look at if I have any PPI I cold potentially claim. Anybody any suggestions,as it looks so daunting I keep on putting it off.:j
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BTL mortgage after redundancy
Hi, I'm due to be made redundant from my current job at the end of October. Just before I was told of the news I had been planning on purchasing a 2nd BTL (the 1st I have has a mortgage with a LTV of around 56%). I was hoping to release some equity from this to pay for the deposit of the 2nd. Can anyone advise if its…
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Buying House Fully Furnitured - Mortgage Query
Hi All, I have seen a house which I am interested in purchasing, its £125k and I am hoping to buy with the 5% mortgage guarantee. When I viewed the house last weekend the owner told me she is no chain due emigrating to Tenerife. She informed me that she was leaving all the furniture excluding the TV's. The house is…
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Halifax Porting Motgage - new job
I have a Halifax Mortgage which I would like to 'port' as I would like to borrow more and move home. Sounds easy enough but I have just got a new job and have been out of work for the last 4 months after being made redundant. My Partner will be able to show the 3 months payslips and bank statements, but I will only be able…
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penalised for getting sick
I was unable to pay my full mortgage payment due to ill health, I managed to always pay something, and happily now pay full amount but there are some arrears owing, my vir is 3.99!!! and cannot be changed until all the arrears are paid, in consequence I am paying about £300 a month extra in interest! can I appeal ??
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Help with Mortgage Prisoner Please
Hello, I'm trying to help my mother-in-law get a cheaper mortgage rate but having no joy. She has a circa 140k mortgage on 4.15% from Mortgages Plc. The property is worth circa 185k but she only earns around 18k pa. She got a self cert years ago and is now struggling. I know she would not fit any lending criteria and I…
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Mortgage with Payday Loans
Hello, I was just wondering if anyone has an idea of which mortgage lenders are more lenient when it comes to payday loan use? I have several in my credit file from a about 5/6 years ago, and didn't want to apply to someone that would automatically decline because of this? Thanks!
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Mortgage help!
We have had an offer accepted for a flat for £250,000. We are speaking to Halifax tomorrow evening to get the mortgage confirm (only have mortgage in principle at the moment). We've gone with Halifax (I believe it's a 3% interest mortgage - hopefully ok!???). I'm not sure what we should be doing now. The estate agents keep…
