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Remortgage after significant overpayments
Thanks for your help.
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Mortgage rejected
Hello My husband and I currently have a mortgage with Halifax which we have had for 3 years and never missed a payment. Back in August we decided we wanted to buy a newbuild so we went to Halifax and they gave us a mortgage promise. We were waiting for the newbuild to be released so we did not apply fully for the mortgage.…
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Very Bad Credit Remortgage
So, I took my mortgage out about 4 years ago and after a year lost my job. I then got a better paid job, but hated it so much I left and struggled to get back to work for 6 months. Had savings left over so I was okay for a bit, and got back to work in the nick of time. So, new job, started to recoup my finances, but it was…
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mortgages - where now
Hello all and many thanks for your time. I have a residential property worth ~£225k. this has the three following mortgages on it: mortgage 1 65k fixed 2.57% until 2020 mortgage 2 55k variable 0.95% over base rate (currently 1.2%) mortgage 3 25k variable 1.49% over base rate (currently 1.74%) LTV is around 60% I know I'm…
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Are Tesco "product switches" likely to be better or worse than new mortgage offers?
Hello, Our Tesco 2-year fixed rate is coming to an end in 2 months. They say they'll send me details of a potential 'product switch', so I could move to a more advantageous rate than the SVR. But they can't send me any information about the "retention campaign" or rates right now. Thing is, I'm about to have a baby and…
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Mortgage fraud?
Hi all, I'll try to keep this short. I'm married and we have 2 kids who are 4 and 5. In late 2014, I took out a 90% LTV mortgage through a broker in an IFA firm. I had talked to 2-3 lenders before him who all said that they couldn't get me a mortgage so I was ecstatic when he got this done. Fast forward 2 years, our fix…
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Ex Pat - Buy To Let
First post on this account, I've been on here before and am truly indebted to the advice given to me in the past. I'm looking to purchase a small investment property buy to let in the UK. I work in Qatar and have been here for 18 months. My credit report in the UK has fallen apart mainly because I don't live there. I have…
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Anyone used estate agent mortgage brokers?
I had an offer accepted on a property today and I was going to apply for my mortgage this evening to get the ball rolling but the estate agent told me I should wait until after my appointment at their office on Saturday. They have a mortgage advisor and say they have access to exclusive deals but there is a £500 fee to…
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Nationwide Mortgage Appeal
Hi all, I've been through weeks or nervousness as a FTB and I still can't see an end in site. Did an AIP with London and Country and after applying through them with Nationwide I am now super worried I am going to be declined. All as going fine until my broker contacted me to ask for a copy of my credit report - as NW has…
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Getting ready for a mortgage application - credit card situation
Hi all, At some point in late 2017 we will be applying for a joint mortgage - by then myself and fiance will have around £80k equity, £20k in savings and no debt other than the present mortgage. The present mortgage is in my fiance's name and she has one credit card with a 4k limit, perfect repayment history on this, the…
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Offset paid in full
I'm just curious how many of you offset account owners closed your accounts or kept them open and why? I'm in the position that my offset account is fully paid and I have kept this open for a couple of years as a method of easy credit if I need it. I now have enough savings if I do need an emergency fund and the current…
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Is it worth applying
I've been working for 3 months for a new limited company that's under a year old, will this be a problem when applying for a mortgage
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advice or is it possible
Need help , dont know where to turn for advice. I rent in London with a decent wage. My parents live in Glasgow but are reaching end of term of their mortgage which only has the interest getting paid. Due to problems their mortgage insurance will never cover the final payment in 3 years. If they put up a downpayment of…
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NMb Mortgage Acquistion
Hi there new member here. So a few weeks ago my mother in law sadly passed away. My wife had no idea that the flat she purchased in 1992 has appeared to have been signed over to NMB mortgages just 3 years later (1995) We have no documents for this and do not have the money to throw around to check as when she passed we had…
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Fixed Rate Follow On Rate
Hi... Please could someone in the know clarify something for me ? I currently have a fixed rate mortgage with Barclays which is about to end so I am looking to sign up to a new deal. Apparently I qualify for a 5 year fixed rate of 1.98% which after the fixed term switches to a lifetime tracker of BBBR+3.49%. I was about to…
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Complex buy to let mortgage advice
Hi I need some advice and the best way to move forward. I am married and a homeowner in which I am the sold owner with a sole mortgage approx 100k outstanding on 300k property. My wife is part time employed and also does self employed consultancy work of which she received income into a limited company. She has never owned…
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Is next year a write off?
Hi, First time poster but I'm a regular reader. Hoping I can pick the brains of a few of the resident brokers. Long story short, my wife and I moved into my in laws in October to save for our deposit. We both have poor credit. I've got 3 defaults and a CCJ, all settled, all under £400. Earliest default date is 2013. My…
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Reducing ERC by overpaying before moving home
Hi everyone, this is my first post on the forum, although I have been using the main site for many months. I am in the process of moving home, and have decided to redeem my current fixed mortgage which has 2 years fix period left, and taking out a new mortgage with a different provider at a better rate. My mortgage is with…
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Very tricky situation after death.
long story but will try to keep it short and true. My gf died last month leaving behind 2 children. She lived in a house that only she was named on the deeds.(this was sorted in divorce) The interest only mortgage is still in joint names. What right has the father over what happens to the house for the children. any…
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Do brokers get a higher fee for pushing 5 year fixed?
A broker is encouraging me strongly to go for a 5 year fix deal. I asked about 2 year fixed but he was very dismissive. I just wondered if he gets a higher fee from the bank for a 5 year fix?
