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CCJ preventing me getting a mortgage
Hello, If anyone could give me some advice on CCJ removal I'd be very greatful! (how I go about removing the CCJ and how likely I am to get it removed). So the story is: I was working for a major UK airline as Cabin Crew, I was off for a few months very unwell. I decided to leave the airline when I realised it would be…
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I want to buy upstairs flat in my building & convert into house - mortgage advice
I am in desperate need of advice. I own a ground floor Leasehold flat in a converted Victorian house. The upstairs flat, which is the only other flat in the building, is potentially going to be for sale along with the freehold. I really want to buy it and eventually turn it back into house. But I don't know how to do this.…
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reposssion on record
Hey. I had a repossession in 2005. I've subsequently done well and kept in credit, and have a decent credit score. I'm now considering getting a new mortage. Do i need to clear my repossession? Its a long way off. Surely it being 12 years ago, means its not on record. thanks for your time
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Interest only mortgage
Hi I am a novice seeking advice. We have been paying an interest only mortgage - do people think its preferable to switch to a repayment mortgage or to invest money elsewhere and if so what/where ? Thanks
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Remortgaging to release equity for 2nd home
Hi All, I wonder if you guys could spare the time to help me. I currently have a £180k mortgage on a property worth £280k, my first time buy. I was on a 90% LTV mortgage but the property value has jumped up. So currently I have £100k in equity, would it be possible to remortage into a buy to let i.e. 75% LTV mortgage and…
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Lifetime Mortgage
We raised 45,000 with one of the leading providers 8 years ago but somehow failed to take notice of the future consequences of our actions on our property and the negative effect on our estate and family. After 8 years our initial loans increased due to added interesr to 65,580 .we have now been provided with figues that…
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I've been a COMPLETE idiot...
Hi everybody and thank you in advance for your help. First time poster so please be gentle...that said, I've been a complete idiot. My husband and I have just applied for a mortgage with Nationwide. We currently have one with them that is nearly paid off, and we have applied for a new mortgage on a house as we don't need…
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Getting a mortgage for a parent..
Hi, can anyone offer some advise on the situation we are in. Currently my mother owns two houses - one which she owned with her husband before he died, and one which I live in with my partner and child (which she inherited off her parents). We also own a property which we previously lived in, but currently rent out. She…
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Advice on re-mortgage
Hi all, In six months I’ll be looking to re-mortgage my current 2 year fixed deal. My wife and I bought a house in outer London with a 6% deposit 18 months ago and so our interest rate is not currently brilliant. We are both in our late 20s. We’re putting every penny into overpaying the mortgage for the next few months,…
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Mortgage offer
Hi Do lenders take into account a ex's financial interest in the property when judging affordability? I have a financial order that details a sum of money will need to be paid back to me on the activation of certain criteria - I'm not sure whether this is considered as it will happen during the lifetime of the mortgage but…
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Does anyone know what West Brom's additional borrowing rates are?
As above, does anyone know what West Brom's additional borrowing rates are?
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New Mortgage - Incomes considered
Hi everyone My partner and I have been saving for a mortgage for a few years, we have a decent deposit saved up but it is likely to be no more than 20% of our intended house price (£150-170k). I am working full time, and earning around £29k. My partner is recently elected local councillor and earns a salary (regular,…
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Nationwide Mortgage Interest Error - Added Fee
I have just received a letter from Nationwide apologising for a calculation error with my mortgage, where the addition of a product fee to the mortgage has been handled incorrectly. I think this relates to a product fee added in June 2008, but the letter doesn't mention dates. Nationwide have reduced my mortgage by the…
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Re Mortgaging and employment status
Hi All My current fixed period on my mortgage is due to end in October and set to increase dramatically. I'm keen to go on to a new fixed period similiar to the one I'm currently on. The problem is that I start a new career in September and will be on a much lower salary than previously, I know I can still afford the…
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Remortgage - Interest Only
Thinking about remortgaging to reduce payment costs. Currently live abroad so the house has been rented out, therefore the mortgage company added an additional 1% interest charge since i don't live in it. House Value Approx 600K, Mortgage outstanding 105K Interest only, tracker mortgage currently at 3.25% What options are…
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Decision in principle
Looking to move house soon so would like a decision in principle however,we have some debt but that will all be paid off with our Equity. Can a lender base their DIP with my debt having been cleared?
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Natwest or Mortgage Broker?
I am a first time buyer who is looking for some advice on a mortgage offer . Natwest who I hold my personal and business account offered me the following today . a 25yr mortgage FIXED 2yr £995 fee 1.42% - £408 FIXED 5 yr £995 fee at 1.82% - £427 I have 100k Deposit and was offered 105k Mortgage . Would it best to go…
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DIP referred for large mortgage amount, what are our chances?
I know no one will know the answer really, but just thought I'd ask incase anyone has been in a similar position and can provide some reassurance. We have our current mortgage with Nationwide (£245k), we've just sold our house for £405k, so £160k equity. We had a DIP approved initially for £535k but my pay increased from…
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Solicitor not on lender's board
Hi, We instructed our solicitor last week and paid £500 up front. Silly mistake on my part, because the mortgage advisor we used got us a cracking deal with Sainsbury's but the solicitors we're using isn't on their board of approved solicitors. I raised this with my solicitor and they're getting back to me about it. The…
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Mortgage valuation cancelled ?
Hi I had a phone this morning off the valuer to set a time and date for the mortgage valuation. I have now just received a call to tell me that they have been instructing from the lender to cancel the valuation. I have not heard from the bank and they are now closed. What would the reason be for this? Thanks
