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Bad credit mortgages
I have a bad credit rating; I'm in a debt management and, consequently, have accounts in default. But I am making regular payments. I own a property (mortgaged), which I have a consent to lease for. I rent that out and I am currently renting myself. My parents have offered to lend me some money to put towards buying a…
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Please delete now
Please delete this now. I know where to start looking.
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Remortgage declined due to council's right to first refusal
Hi I purchased my house just over 5 years ago from the council under the right to buy scheme. I have recently attempted to remortgage the property via a broker. The broker has said that I have been refused a mortage by many of the lenders, not due to a poor credit history or lack of affordability, but because the council…
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house downvalues by 10K - can i apepal?
Meh, just got survey report, where house was down-valued by 10K and now we are above 95% LTV without possibility to increase my deposit. So what my options are now? Can I appeal, or should i use it as basis to renegotiate the price, which, probably will be difficult... All summer and so, similar houses in our town were…
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Transferring mortgage into single name
Hello, I am trying to get my mortgage and house in my own name after separating from my ex husband eight years ago. The problem I have is there is restriction on the land registry from a loan company under his name. At the point this was made the house was jointly owned. Which I understand means the loan company just needs…
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Remortgage for Higher
any idea on how easy it will be to increasing borrowings when remortgaging, current ltv is about 40% but want to increase it to say 55% , this will be an offset mortgage so will just stick it in an account and move it around if better savings rates open up. assuming they arent going to like that reason though!
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Declined descion in principle with Virgin
I recently completed an online DIP through Virgin and was declined. I spoke to them and they wouldn't give much detail but referred me to speak to a financial advisor or broker. I feel so disheartened by it all now. Anyone had the same and then went on to get one and a mortgage approval? I also would like to know if it's…
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2nd fix-new build timescales
Hi, Sorry if I`m not in the right place. Currently in the process of buying a new build, exchanged contracts in june, completion was supposed to be in October on a 3 week notice period but been told by builders it could be November now. I`ve been to the site this week and the house looks about done, inside they say they…
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About 29k in debt - will I get a mortgage?
Hi everyone I'm a first time poster so apologies if I've got this a bit wrong. I'm about 29k in debt (credit cards and loan). However, I'm hoping to apply for a mortgage this year (a first time buyer) with the help of my parents. They're giving me a six figure deposit and I'll be looking for a home of about 300k. I have a…
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Getting a Lower Interest Rate - how will my new monthly payments get calculated?
I'm on a tracker mortgage and I am about to go from my current %25 bracket to a 40% bracket if I pay ~ £5K. My bank told me that they will happily apply the lower interest rate without a credit search (!) provided that I pay the setup fee (£500, which will pay for itself in a few months). What I am unsure about is how my…
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What are L&C like for bad history remortgages?
Found some mixed reviews on here. We're looking to remortgage in December and want to start looking now. L&C initally stood out on the fees aspect but curious to know what they could be like dealing with complex cases as potentially ours is? Any thoughts or feedback appreciated
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Does having a car lease affect chances of a good mortgage deal?
:cool: .
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Mortgage issues, can someone explain what this letter means?
I have received this letter from Barclays, i don't understand it. 1. How come my overpayments make my monthly payments go up?? That doesn't make sense, i'm making overpayments to make my term go down, why am i being charged more to make overpayments? I'm supposed to be allowed 5% overpayments without being charged. 2. They…
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Breaking up and remortgaging in December
Hi all, after 9 years together and 2 years engaged my fianc! has dropped a bomb that she doesn't feel the same and wants to break up. To cut a long story short we are on a 2 year fix that is due to end on December 31st and the plan is for me to take on the remortgage on myself. If this happens will I need to remove her…
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Remortgage valuation too low! ??Scam??
Hi Does anyone know what measures are in place to prevent mortgage companies employing their own surveyors who may significantly de value a property in order to force you onto a higher interest rate by increasing the ltv? Also, if the valuation is so low that the mortgage is no longer appealing and I decline it, how do I…
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How do I compare these two mortgages?
Hello I am trying to compare two mortgages and struggling so would appreciate any help. I have a tracker that is currently 1.74% I have the option to move to a 2 yr fixed at 1.24%, with a £1499 fee. My mortgage is £240,000. 25 year term. I asked my adviser about comparing them and was told they're not really comparable.…
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Halifax Mortgage Appeal
FTB here, buying a house with gifted equity, 90% LTV My mortgage was approved in principal and was awaiting an employer's reference to finalise and get the formal mortgage offer. I got the employers reference, which confirmed everything in my application. Now the Halifax have declined my application as I am a director of a…
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Nationwide product switch
Hi, I have a Nationwide mortgage which is on a fix ending in the next year. I will go on maternity leave in a few months and as a consequence our combined income (based on which we got the mortgage) will go down significantly when the remortgage is up. Unfortunately, my income is primarily commission, so even if NW…
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Halifax mortgage process
Can someone in the know please give some info. We are applying to Halifax for a mortgage, and the valuation was done yesterday. Can we assume that we passed the initial credit scoring because they arranged the valuation? Or do they do the valuation regardless? We've had a few credit searches done by Halifax since applying.…
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deposit proof
when stumping up your deposit do you need to show were its come from? after taking advantage of several accounts for the interest would I need to pay to have statements printed of from all accounts? im with Halifax and if I went to them for a mortgage im guessing any money in Halifax and BOS would be in front of there…
