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Using Existing House as Collateral
We're close to getting our current house fully paid off. 2.5 years away. We don't a deposit for a better house without selling this one. Rather than selling, one option I thought about is using the current house as collateral and keeping it, and getting a new mortgage on a different house. I don't know whether this is…
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45k deposit on 180k house mortgage declined
Hi all, My first post, have resorted to trawling the net in desperation due to being refused for a mortgage, my advisor ended up making an application with precise mortgages due to my and my partners adverse credit which is now all settled but still showing. My main concern was my work history as I was a self employed gas…
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New mortgage deal
We bought our house two years ago for £85,000 on a 95% mortgage. Our fixed deal is coming to an end and wondered how the LTV will be calculated next time. Our home report at the time of the sale said the house was worth £95,000. A sold sign has just gone up for a house down the street (not as good condition as ours but…
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HSBC 0.99% - 2 Year Fix Dropped
Looks like HSBC have dropped their market leading 0.99% 2 year fix rate, maybe we've reached the bottom?? Can't see it on their website or any of the comparative sites. Anyone think the best 5 year fixes could be next?
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First Time Buyer but moving city
Hi, I am a nurse who currently lives in rented accommodation in Sheffield but who is looking to buy my first property next year (having saved a 5% deposit). However whilst I currently live and work in Sheffield I am hoping to move to Glasgow at the same time as buying my first property. I will have no problem finding a…
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HSBC 10 year fee saver fee lowered since accepting Mortgage Offer
Hi We are still awaiting a completion date to move house and have noticed that HSBC have lowered their 10 year Fee Saver product from 2.79 to 2.64 and wondered if we were able to change to the new rate since we have had a Mortgage Offer accepted?
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Ge Money transferred my mortgage to Kensington
Hi Ge money sold my mortgage to Kensington mortgages without any warning and i started getting letters from KMC that your mortgage is transferred and i was shocked i asked why Ge money have not send me any letter explaining why they did this, i was told by KMC that they will ask Ge money to send me paperwork that…
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Barclays family springboard Mortgage reviews /advise
Hi guys Myself and my wife are first time buyers. We both have good credit scores. I have a few late payments there over 3 years old . We are looking at a family springboard mortgage from Barclays but I carnt find any reviews anywhere. Has any one used that service ? How did they find it ? Cheers
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Self Employed - Mortgage Rejection
Hello, I'm 23 and a self employed forex trader. I've been doing it for 2 years with consistent profits, certainly enough to make a good living on. I've applied for a mortgage to buy my first home and I've been rejected by 4 different banks. Apparently being self employed, specifically in stocks / forex is considered high…
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LTV - Remortgage
I do not see this question asked much on the forum and I wondered why. Am I correct in saying that the larger the LTV the lower the interest rate and in turn the monthly payments and if so why do more people not talk about it and talk about getting their house revalued before taking out a remortgage? Mine if due in March…
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Multiple hard searches - wrong dob
Can anyone advise pls? My broker recently applied for a mortgage for me, however upon checking my credit file I have seen 3 hard searches in 3 consecutive days. All of them have an incorrect dob. (by 3 months). All searches are by the correct lender, which has taken the valuation fee from my account. I called the broker…
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Bit of a dilemma....
Mortgage fix with natwest ends on 31st December. Currently have 140k left and on 2.99% (only started 2 years ago when we bought the house for 250k...maybe worth 290k now). Natwest offered to switch to another 2 year fix of 2.54% (with no fees). London & country said they were struggling to find anyone to remortgage us. Our…
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Kent Reliance
Hello, I was wondering if anyone has had dealings with Kent Reliance. My FA has submitted an application on our behalf for a mortgage, but I cannot find much info about them. I was wondering if anyone has their mortgage with them or has dealt with them and could give me some feedback.
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Mortgage with a DRO (Debt Relief Order)
I have been discharged from my debt relief order this year and have been keeping a close eye on my credit rating, I have not missed any payments for many years and have taken out a small credit card to help increase my rating even further. My husband and I have a combined annual income of £58,000 and are hoping to be able…
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Remortgaging and BTL Help
I need some advice I have a £55k mortgage (coming into year 3 of a 5 year fixed with HSBC) on a property worth £250-275K. My aim is to remortgage to take £100k out then buy a BTL property worth £300-350k. Current rental is about £1350 pm. Is this at all feeasable?
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Halifax product fee
Hi all, Can anyone with experience please confirm the timings involved in taking mortgage fees? I applied for a Halifax mortgage via a broker at the end of last week. The valuation fee was taken from my bank the next working day. There was a hard credit search on the same day. The product fee was taken a day later, with…
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Mortgage with poor credit history
Good afternoon, This is my first post and I am hoping to get some advice. I'll start from the beginning. My husband and I are looking to get a mortgage. We are buying his parents home undervalue Market price £220k and purchase price is £180k (gifted equity deposit of £40k and placing an extra 4k on top to equal 44k which…
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FTB confused by mortgages
Hoping someone can help a first time buyer. So I am 33 years old, I have a wage of £40k per annum (contracted till November 2016). I have over £70k as a deposit with another £12k for mortgage arrangement fees, fees and stamp duty. I live in London and am looking to buy a house at around £310,00 mark. My credit rating is…
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MSE News: Bank of England holds base rate at 0.25%
The Bank of England today kept the base rate at 0.25% – resisting temptation to make further changes to the rate ...Read the full story: 'Bank of England holds base rate at 0.25%' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro…
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Mortgage overpayment conundrum
I've been puzzling over this all week and cannot get the figures to add up. Any help much appreciated. I bought a property a year ago with my partner which we own as tenants in common, as we contributed unequal deposits. Purchase price: £417k Partner put in £190k deposit I put in £47k deposit Joint mortgage of £180k for…
