-
Credit card debt and re-mortgage question
I am in about 6k of credit card debt and have about 2k a loan to pay. My credit history is very good and I have never missed any payments. My partner has no real debt aside from 2k loan. How concerned should I be in regard to re-mortgage? Are they going to get precise amounts that I owe where from a hard credit check?
-
Fixed deal coming to end but moving this year, advise please?
Hi Guys, My first flat is soon to go on the market in a few months and my fixed deal is away to end so im away to be put on satanders standard variable rate which takes my mortgage payments from 476 to 555, approx 80 pounds additional interest per month, I will have a fairly large deposit with sale of my property ,…
-
Virgin Money offer
Hi, I have had my offer of loan through from Virgin Money. I want to purchase a couch but want to take advantage of the interest free credit to utilise the rest of my money decorating. Can anyone give some strong advice on whether or not to purchase the couch? The delivery time is estimated at 13 weeks which is why I want…
-
2 Mortgage Offers
Hi All, quick question, can I have 2 mortgage offers on same property? Background, I have historic adverse, nothing in last 3 years. Found a property and secured an offer from a lender. Purchase of property delayed and after speaking to a different broker I have an AIP with another lender, this mortgage if accepted after…
-
MSE News: New 1.29% five-year mortgage fix lowest-ever 'by a mile' - but you'll...
App-based bank Atom is to offer a raft of "stunning" five-year fixed-rate mortgages this week...Read the full story: 'New 1.29% five-year mortgage fix lowest-ever 'by a mile' - but you'll have to be quick' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
-
Mortgage criteria change
Hi, Can anyone offer some advice, we've been arranging a new 2year fixed deal via London & country and when the lender sent through the mortgage conditions (just before the solicitors where due to start finalising the deal) we discovered a criteria had changed ( overpayment options) which was an important option when it…
-
Lease extension and mortgage
Hi all I have a question about lease extensions . I have a flat with 65 yrs left on the lease and I'm looking to extend it by 90 yes. I have a quote from the freeholder that I'm happy with, it'll cost me £18,000. I'm trying to remortgage to raise the funds and I've told the broker. Here's the problem. 1.The bank has…
-
Ex Husband, Mortgage & Stress Levels
Good evening fellow MSE followers. I'm new to the group, though I have been a secret lurker for the last few years, reading adhoc when required. I now need someone's help & I am hoping that someone on here can give me some advice - please bare with me, the story is quite long winded (at least in my head it is!). My ex…
-
Mortgage valuation criteria
Hello guys! Thanks in advance for reading. Just needed some information or background about criteria on which the mortgage is lent on a particular house. Hypothetically, say I am buying a house for £125,000 on which I am paying a deposit of 10% and potentially asking a mortgage of £112,500. However say after valuation it…
-
Confused by Halifax Mortgage Decision?
I am a little bit confused by a mortgage decision by the Halifax. Myself and my now wife bought our first home in July 2012. We got our mortgage through the Halifax and have been with them since. At the time we bought our home, our financial situation was as follows: Combined Salary = £34,000 Total combined debts (credit…
-
Fee Free Mortgage Broker
HI there, can anyone recommend a fee free broker who deals with adverse/bad credit mortgages Cheers
-
Bad Credit Mortgages with Savings
I just want some advice as I am struggling. I've got a bad credit score - included in this is a default which I have repaid (4 years ago) and its leaving me with a bad footprint for credit, no CCJ's or anything major though. I have roughly £30k in savings which I want to invest in buying my first home with my partner. She…
-
Increased payments
The illustration on the application shows what will happen if mortgage interest jumped to 11% which is quite scary to be honest! Hopefully this would not happen,but it has made me consider further what monies need to kept should rates increases. What % of net income is acceptable for current mortgage payments? Should it be…
-
Halifax AIP chance of it being declined?
Hi all, I am having a panic. Me and the OH are buying a home together, he already owns a property which he is renting out. We went together and got an AIP for 235k and our joint credit score was A1 which cant be better! We are just waiting for confirmation on his salary from his new job so we can finish off our full…
-
Remortgage after clearing debt
Hello, Can anyone kindly advise how far back bank statements are requested for a remortgage, is it 3 months or 6 months? Situation is I have a joint mortgage with partner and have two credit cards in my name only which I am aiming to have completely cleared by December. We cannot remortgage until June next year but when we…
-
Remortgage valuation tomorrow. Any tips?
We all know how nerve racking it can be when having someone walk round your house. Its a new build around 2 year old. The company is countrywide and the mortgage company is HSBC. Whats interesting is a house 2 doors down was bought using HSBC and I am using the same figure as the house was sold for so hopefully we should…
-
Interest only mortgage rate ending.
Hello everyone. My 2 year fix with the Halifax is up at the end of the month. Before contacting them regarding a quote for a new deal I wanted some advice or thoughts from the forum. My mortgage is interest only which is obviously a rarity in today's market. I have a savings plan in place, though it has fallen behind a…
-
lifetime mortgage equity release rules on divorce
Living with my 1 parent(Mom) in a completly paid off morgage house what are the rules if I(the son of home owners) live there after a lifetime mortgage equity release has been put in place and 1 of my now divorced parent's passes away? My other parent live's in a different house of his own. The morgage is in joint names…
-
Buying New Build - Questions
Hi All Been searching the forums for a couple of days as I have some questions around buying a new build off plan. I will be using HTB and have 5% deposit saved up. I think I am getting myself confused around deposits, can someone help clear it up? I am waiting to start negotiating on the price of the house which should be…
-
Help Needed Please!
During the mortgage conveyancing process, If there is any risk in using a secondary savings account in the same bank to pay for expenses, send money (£ 150) to my dad whose living abroad for next couple of month? This account is not disclose to solicitor or lender as a source of income. My deposit and mortgage related…
