-
mortgage advice
Hi . Is there a mortgage out there for retired persons. I am looking for a 12year Interest only Re-mortgage for £140,000. My house is valued at £220,000+. I wish to pay my existing mortgage of £80,000 and all debts. I am 68 years old and my joint pensions with my wife are £26,500 pa. My pensions are £19,600pa. I have tried…
-
Interest only mortgage..is the affordability criteria lower?
Sorry I can't seem to find the answers in the forum search. If you get an interest only mortgage, I know the repayments are lower obviously...does this mean lenders would allow you to borrow more (with a plan to pay back the balance) Is the multiple of salary still the same? Thanks
-
Out of date Experian blocking mortgage
Just before applying for our mortgage we cleared all of our credit card debt (we were making use of 0% credit cards). We now have no outstanding debts other than our current mortgage. We did this on the 24/4 but it is still showing on our Experian report. The mortgage company have declined the amount we want because of…
-
ex-pat buy-to-let mortgage advisors and mortgages
Hi, I’m looking for an ex-pat buy-to-let mortgage for a UK property. I am British but a non-uk resident. From what I can tell there really is very little choice: Barclays, HSBC and Ipswich Building Society. I was was wondering if anyone knew of any independent brokers who handled expat mortgages? Is there such a thing? I…
-
Not a First Time Buyer - what am I?
So, I used to own a house. About ten years ago, but haven't since. I'm looking to buy a house, but am not a first time buyer and I'm not remortgaging... does anyone know what I'm classed as?
-
Advice please
This is my First post and probably been asked loads of times. Ive had poor credit in the past, on my credit file i have 2 old defaults from scottish power which were registered in 2013 from old accounts when i was a student. Ive got 2 credit cards both with £200 on them, never missed a payment. No overdraft Car finance…
-
Gross Salary, Child Care Vouchers & Mortgage Application
Hello, Just a couple of questions re gross salary. My husband and I both claim £243 a month pre tax Childcare Vouchers, this more than covers our childcare costs and will continue to do so later in the year when our eldest starts school age our youngest starts nursery. Neither of the P60s we've been issued this month…
-
HELP - Mortgage App Stress
Deposit: 25,000 Mortgage: 189,000 our mortgage has been declined as whilst i was in hospital in March i failed to pay a credit card bill on time - i have spoken with the CC company they are going to try their best to get the mark on my credit file removed. I want to appeal the mortgage decision with NatWest as I have…
-
++ Re-Mortgage Advice ++
Hello Everyone, This is my first time on any kind of forum let alone a financial guidance one, however I am hoping there is some balanced opinions to my current situation. In Brief . . . I have an interest only mortgage with £143k outstanding. House is valued at £180k. Total debt to date £25k (includes credit cards and one…
-
Soft v hard credit search
Hi Just wondering what can be seen by a lender during a soft credit search compared to a hard credit search? Is there much difference?
-
Releasing equity - HELP PLEASE
Hello, This is my first time using these forums so this may belong elsewhere. I'll try and give as much info as I can but be as quick as possible. Basically my fianc! and I have found ourselves in around £10,000 worth of debt. I'm currently on maternity leave so Things are quite tight, the option for me to go back to work…
-
Leeds Building Society
Has anyone recently applied for a mortgage with Leeds I can only find old posts. I got a decision in principle with them going directly for more than I'm now applying for (with the same deposit), I'm just concerned that now I have submitted the application it will be rejected. Originally I went through a broker who said I…
-
Completion credit checks and errors
Hi All, I am purchasing a new build property which is due to complete at the end of June. We exchanged last month. Yesterday I received an email from equifax to say my new credit report was ready and that there had been changes. My car finance payment for April is showing as "missed payment". I went into a blind state of…
-
Gift from parents after mortgage agreed
Hi Just a quick question. We have just had mortgage approved and my parents have offered to pay solicitor fees. Will this cause any problems? I have heard that credit checks are done again before completion so dont want to cause any problems. Thanks :)
-
Definition of "Mortgage Arrears"
Does anybody know the official definition of "mortgage arrears" ? I don't mean "How much money ?", or "How many months ?", but more basically, is it : a) The lender doesn't have enough of the customer's money ; or b) The lender might well have enough of the customer's money, but they have managed to keep it out of the…
-
Have BTL, but no resi home. Help to Buy/Shared Ownership?
Hello, My friend has a BTL mortgage but no actual residential home (they used to move around a lot for work). This means they are classed as a current homeowner for most shared ownership schemes and for Help to Buy. Now their problem is their income x5 only gets them up to £300k - slightly less than the £350-£400k they…
-
Your experience of HTB 2 or 5 year fixed
We're going down the HTB route. Keen to hear about your experience of fixing for 2 years vs 5 years. Our situation would be keeping the HTB EL for 5+ years. We see benefits of both 2 and 5. I like the idea of a lower % ~1.39 for 2 year vs 2.25% for 5 year, I also like knowing what I'm paying for 5 years Our concern is…
-
New mortgage and matched betting
Hi I started match betting about 12 months ago and make quite a bit of money from it but now I'm moving house and need a bigger mortgage, on my 3 months of bank statements there is roughly £2500 going out and £2700 coming in! Iv never been in my overdraft and regularly overpay my current mortgage. Has any one who does…
-
Help on consent to let and BTL
Hey everyone I was hoping someone could shed some light on this topic. I am a first time buyer and would like to buy a property. We have recently seen a property that we like and are easily able to put in an offer and move in. My only concern is what if my daughter doesn't get into the schools I want her to go to. There…
-
Prudential Endowment
Any one had a Pru Endowment formally Scottish Amicable paid out lately ? Mine is due to mature in November was to cover £19000. Its not part of a mortgage now we just kept it on for life cover and investment sake
