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AIP Lloyds - Declined
Hello, 1st post so hopefully you will all be reasonably kind My partner and I bought our house in 2005 paid £100,000 the mortgage outstanding is now just under £60k. We currently have debts of £26,000 I went through a very messy and costly divorce prior to us meeting so already had overdraft & credit card debt of approx…
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How hard is it really?
I guess nobody knows the exact answer but I hear so many stories of people being declined a mortgage, I'm starting to worry about my chances! My affordability is probably good enough but I have defaults ( 3 years old) and having checked my credit score it showing as 'very poor'. I know a few steps to improve it and I have…
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Remortgaging and funding extension, advice appreciated!
I have some history here and have included some fairly representative numbers below; so created a new account. Hopefully it is not too long a post and many thanks in advance for any inputs! We would like to do an extension to our property and are in a fortunate position to be able to self-fund most of the cost. Our current…
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BTL for £30,000?
Hi, Looking to know if anyone know any lenders that will lend on a purchase of £30,000 with a £7500 deposit (25%). does anyone know anything? The property can easily generate £350 PCM in rental... Can anyone give me an idea?
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Natwest Valuation to Offer
Hey! We had our valuation carried out yesterday and it is now showing on the tracker as received for review. Just wondering how long this normally takes from valuation review to offer and if this means we are basically nearly there? I have a bit of a family situation so that will be taking up a lot of my time, but I dont…
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Is there a cheaper / quicker way to finish the mortgage!?
Hi all, Little question for you. A mortgage with around 24 months left, circa £11k payments of £550 a month. Maximum overpayment allowed 20%. Would overpaying the extra be the only other way to pay this off quicker and cheapest I avoiding erc? Apologies it's a bit vague with info I'm asking on behalf of someone and was…
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Can you remortgage against owned outright home for buy to let ?
Would somebody please be able to advise as we are thinking of getting into the buy to let market. We currently own outright a 300k property and have a 40k deposit saved . We are thinking of buying a flat or similar for around 150k in the Dorset area that we could let out as either a holiday let or permanent let for around…
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CCJ mortgage nightmare with Nationwide and Call Credit
Posting my horror story to settle the nerves of whoever might be going through something like this horrible experience. It was all ok in the end. The sleepless nights and the anxiety were horrible. If this happened to you, you have my sympathy and I hope this helps. I was selling my one bed to move to a two bed and have…
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Barclays mortgage timescale
Good evening, just wondering if anyone else has or is going through getting a mortgage with Barclays? Our broker sent full application Thursday, not heard a thing- this waiting part is the worst! Broker is going to chase them tomorrow to see how it's going. I'm guessing at the moment no news is good news? We've been…
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Remortgage advice on mortgage free inheritance
Hi everyone, I'm new to this but would really appreciate your help, advice and any tips. Basically I have inherited my parents property which is mortgage free and I would like to remortgage the house to help clear some debts that me and my partner have and then do some home improvements. I was looking at getting a £30,000…
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Debt/disposable income 'very weak' - cant't re-mortgage-any advice please?
Hi, Newbie here could do with some advice....Firstly, I have not been 'financially savvie' in my past as you will see - so please don't judge! I have nine and a half years left on my mortgage with a balance of £118,000. Unfortunately £50,000 of it is interest only. I have been trying to re-mortgage to a repayment over 12…
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Remortgaging with a Zero Hour Contract
Hey there everyone, needing your advice. I'm starting a new job in a few weeks on a zero hour contract. Whilst it is a zero hour contract I will be consistently working 35 plus hours minimum per week. My wife and I are looking are looking at remortgaging in February. My question is what kind of options do I have? I know…
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Simple help to buy equity loan question
Hi, first time I've posted on this forum so go gently please. I'm considering taking out a Help to Buy Equity Loan to buy a new build property. I understand that this loan is interest free for the first five years. Say my new build cost £100,000 and my equity loan is £20,000. Let's keep it simple. After five years my…
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Guarantorship mortgages?
Our son is not able to prove income in any meaningful sense, being a self-employed musician. His income is extremely variable year on year, as his tax returns would show. He is about to come into a reasonable inheritance after his grandfather's death which would imply the need to borrow only a further £60k to buy the kind…
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Corporate sale
I am really hoping somebody can give me a little bid of help! I am living in a house valued at £360K which is mortgage free. I am about to retire and have found the house that we really want but it is a corporate sale at around £290K and is subject to 'open bids'. The Estate agent working for the corporate client tells me…
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Last ditch attempt?...
I have posted a few times in the last week or so. I'm a sub contractor earning £150 a day after tax. Only 6 months with current contract, set to run for a few years. Clean ish credit report, no missed payments for over a year. No credit cards. Just 2 credit/loan agreements worth about 4,000. Halifax have declined. NatWest…
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mortgage or loan
I am mortgage free but need funds to repair this old house. Unfortunately I am on a zero hour contract doing supply teaching... how do I stand and which should I go for motrgage, or loan?? TIA
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Repossession proceedings
hi my wife still has a mortgage on her old home with her ex partner who was renting the property out but has stopped paying the mortgage last august (for more insight please see previous few posts) very long story short, the letter from the bank telling her that reposession proceedings will start in 15 working days came a…
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who gets informed about my mortgage
Hi, I am in process of purchasing a house. I am a little confuse about who gets to see the progress of my mortgage application apart from me? Does the EA or seller or seller's solicitor made aware when - my mortgage is approved? - the bank gets valuation done if so does EA/vendor knows about the figure? - when the home…
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Lender recalls funds - is it possible / legal
Good morning all, I generally read and absorb a lot of information here. last night i read a thread and completely took no notice of the title or poster. Basically i read - that a lender (bank) can recall your mortgage funds - .i.e. - you have an existing mortgage and for some reason the bank gives you notice that they…
