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Loan before mortgage
Hi, We were planning to wait a year but that perfect house has come along. We are currently paying our loan off at 1000 a month. We have less than 12 Months remaining on the loan. Our loan is with HSBC and I'm assuming they will credit search us if we re arrange the loan. We want to apply for a mortgage but would need to…
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Are 40 year mortgages worth it?
First time buyer here, looking to buy with my partner. I pay £500 in monthly rent at the moment and I anticipate that the monthly repayment on a 40 year mortgage plus bills (between two of us) would be less than this. We don't have any intention of living there for more than 5 years or so, so the plan is to take advantage…
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Mortgage and prison
Apologies if this is the wrong place to put my question, my head is all over the place..My brother has just been sentenced to 3yrs in prison allegations regarding an ex girlfriend, totally not true, we are appealing the case. I've spent 3 weeks sorting his finances out..money is running out and I'm paying his credit cards…
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RBS One Account not dropped interest rate after BoE rate cut
Just wondered if there were any RBS One Account customers who had noticed that RBS have not reduced the interest rate after the August BoE rate cut. I know it isn't a tracker but is essentially an SVR product, yet on querying why the rate hasn't been reduced on 1st October in line with RBS SVR, I am told that it isn't a…
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London and Country Mortgages
Anyone else having problems with these guys? They seem to be recommended on the moneysavingexpert website but so far its not been great. They have been a bit slow at processing and haven't really managed my expectations. First we were going for a 13 year mortgage then Barclays came back and said 15. I thought they had done…
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What childcare fee do you declare?
Doesn't apply to me yet as our fix doesn't end until 2018 but I was just wondering about childcare costs and what you declare to the mortgage company I'll use me as an example: Nursery for my son is £760 a month I get £243 a month childcare vouchers from my employer (salary sacrifice) So out of my bank I pay £517 So when a…
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Old CCJ Mortgage
Hi Everyone I am really in the dark here... We have recently been approached by a family member with a property on the market for sale of £100,000 beautiful place. We are currently in rental 525pcm both work two jobs each affordability isnt an issue However.. two CCJs one to the value of £550 to be removed on 29/011/2016…
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Choosing between fixed and variable
I am with L&C and they seem to be 100% sure that I should go with Nationwide but I'm not so sure. I am borrowing £145k for 25 years on a house which I paid £163k, first time buyer. Both these mortgages come with no set up fees or valuation fees however nationwide comes with £750 cashback. The nationwide rate is 2.79%…
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Halifax Affordability Process/Criteria
Hey I'm joining the long list of people getting their knickers into a twist over a mortgage application so bear with me! DIP received approx 2 weeks ago, offer placed and accepted Monday 3rd. Full mortgage application submitted via broker same day and response to broker was "Full Application Result: Accept". Broker has now…
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5% deposit - not new build
Hi, looking at buying my first home. OH has previously owned 5 years ago but no longer has it and we rent. Like to know if people have been able to mortgages with a 5 percent deposit and not using the new build help to buy scheme as would prefer not to have a new build. I'd heard previously banks weren't lending with less…
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5% mortgages
sorry title should read 5% deposit, or 95% mortgages!!!! Hi, looking at buying my first home. OH has previously owned 5 years ago but no longer has it and we rent. Like to know if people have been able to mortgages with a 5 percent deposit and not using the new build help to buy scheme as would prefer not to have a new…
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childcare costs??
ok this might be a bit long winded so please bear with me!! for my return to work in December I am intending on using a separate savings account to pay my childcare fees out off. I am going to be putting in a lump sum in order to bring down the amount I have to add into the account each month (hopefully this makes sense).…
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New mortgage help please
We are moving home and need some suggestions on which way to go We need a mortgage of £200k for a £320k home on a 20 year term Option 1. This will be a big step up so feel a long term fix will help with peace of mind not worrying that monthly payments will become too much in 5years time (if rates changes) Example1 10 year…
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Wife just got a 2nd fixed term job
My wife was told yesterday that she was successful at her interview and got a second job that she applied for. She works 24 hours over 3 days at her 1st job and will now do an additional 20 hours on an evening shift 5 days a week. It's basically putting her salary back to full time so the hours should be sustainable. The 2…
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Mortgage chances improved with debt consolidation?
Hi I am due to remortgage in just over 6 months. I currently have 2 credit cards and 1 loan. Would I have a better chance of mortgage approval if I consolidated these debts into a single loan? (Around the same monthly payment combined) Thanks
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Mortgage Eligibility?
I currently have a mortgage with my partner which we have maintained without missing a payment since taking it out, over 8 years ago. I have a better job now and we would like to move, however my credit history is not good. Until two years ago I held two defaulted accounts and foolishly made frequent use of payday loan…
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Remortage date advice
Hi all, I am now coming up to the end of my fixed mortgage (31/12/16) and this is the first mortgage I have had - meaning I'm remortgaging for the first time. I wondered if anybody could share their experience in the process to answer my questions. If I look to remortgage on 01/01/17 so that it is the next working day…
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Remortgage Advice Required
Hi there - would love some advice I have a 10 year mortgage that is due for completion in December 2016. Due to personal circumstances I reduced the payment to interest only and now have a substantial amount outstanding. I do have significant equity in the house but to complicate things I have been made redundant at the…
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Self employed, make loss 2nd year.
Hi. I would like some advice as I expect to make a loss or break even in my second year of trading, for reasons too complicated. My first year (2015-16) made a good profit. I am currently trying for a mortgage with only 1 year of accounts so my options are limited and I am unable to get a mortgage that is portable (it MUST…
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Mortgaging when relocating?
Hi All, We are relocating 300 miles away to 'live the dream'. :D The original idea was to pay off our mortgage, and therefore need less income, enabling us to work part-time and live much more flexibly. :T That's all feasible, with enough houses to choose from in our price bracket. However, for another £30k, we can look at…
