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remortage question
Hi Guys i would really appreciate some advice on my situation- i will be able to remortgage soon when my 2 year fix is over current mortgage outstanding £112k 2.34% house value £360k (most houses in our area are actually selling for more than this) i would like to borrow 135k to allow me to take some of the equity out and…
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50% deposit & CCJ
Hello all, I am looking for some advice. My partner and I would like to apply for a self build mortgage, he has a good credit history however my credit file is a mess from being irresponsible a number of years ago. I have a number of defaults and two satisfied ccj's. We have £200k cash and require a £200k mortgage to allow…
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Mortgage Advice
Hi Everyone We are looking for a broker but not sure who to look for. Had previous problems with debt but cleared all in full settlements when recieved an inheritance. Hubby has one CCJ which falls off his file in March 2018 We both have credit cards in their limits..I have one late fee on mine... There are no other debts…
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Releasing Equity Question
Has anyone any advice on how to if I even can release equity from my Property? I have around £40K of equity in the Property but because I have loans/debts and a very poor credit history I wouldn't be able to apply for a fresh mortgage application. All my debt is controlled and being paid off each month. I have a decent…
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Bad mortgage advice?
Hi, just after afew answers to some questions that have been on my mind recently. Me and my wife are looking to buy soon. 1) we've been told that going with 35year mortgage then switching back to a 25year mortgage is a popular 'strategy', can anyone shed some light on this? 2) it's better to get the biggest mortgage the…
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Dividend Question
An odd question, We pay ourselves a Dividend once a year from a ltd company we run. Our main income is our day jobs. For proof of income for Nationwide, would they want to see the dividend payment going into our account even though it's not recent, or do they just ask for a letter off my accountant to explain company…
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Overpayment Query
Hi Everyone I can over pay on my mortgage by 10% - but is this 10% of the original load of 133k or what I owe now? The paperwork I have here isn't very clear. If I pay a lump sum off, does this go against repaying the capital and therefore reduce the interest I pay and overall term? Would have called them but it's a…
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Mortgage Credit Checks
Hi all My partner and I are currently in the process of applying for a mortgage. We have used a broker and he submitted an application to Nationwide last week. We have noticed on our credit reports that my partner has been credit searched by Nationwide (5 days ago), but I have not. This seems a bit strange to us. Surely…
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Permission to let on re-mortgage fix
We are coming up to the end of our initial two year fix at 3.99% on a residential mortgage. We are happy with a new five year fix at 1.99%, with the same mortgage provider. However, we may be taking some time working abroad for a two or three years, and want the freedom to rent out our apartment. We believe we can rent at…
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Reliable Soft Search AIP’s
Hi, I am currently researching mortgages in preparation for applying once my current property sells, we repay our current mortgage (NRAM) and look to buy a new build. I have completed a number of soft search enquiries with varying results but have recently read on other threads that some AIP’s are more reliable than others…
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Mortgage on a house with off grid services
I've seen a house for sale that is an half finished project, it's an old country house with land that has no mains services except electricity, sewage is a septic tank, gas will be an lpg bulk storage tank supplied by calor or flogas. The main problem is lack of water, it used to have a bore hole in a neighbouring farmers…
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Self employed - how to choose a mortgage broker?
My wife and I are sole directors and employees of our limited company and we wish to re-mortgage. - Low LTV (below 40% after remortgage) - Early 50s, with reasonable size SIPPs accessible within the next 3 to 4 years. - Loan (ideally) wanted is a bit below 5x joint salary + recent dividends, and around 3x net ltd company…
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Buy 2nd home or pay off mortgage?
Hi :-) I currently own a London flat worth £325K and have £105K still to pay off - currently able to pay off £10K a year in overpayments. I believe I could get a mortgage of £300K. Being freelance and with no pension I see the London flat as an investment and would ideally like to move to the south west in the next year or…
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secured loan and moving
I have sold my house and seen a house I want to buy. I have a mortgage and a secured loan on the house. Can someone tell me what problems it would cause, moving the secured loan onto a new mortgage, against a new property?
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Max LTV on second home
Hi Im looking to buy a second home, not for letting purposes. Can anyone advice on a lender who has an LTV at 85% or above, they don't seem to advertise them particularly well. Many Thanks
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Valuation survey so quickly?!
Morning all, My mortgage application went in on Monday and on Wednesday I went to view the house again to be told by the lender the house had been surveyed the day before, on the Tuesday! He’d had the call on the Monday asking him to be at the house to let them in on the Tuesday. He wasn’t sure who had done it and very…
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Mortgage question
Hi, I have finally started saving for a deposit and I am looking to buy next year. I should have around a £13000 (5%) deposit for a £25000 flat. Just a one bed in London. I have been really bad with money in the past I have 16 payday loans on my credit report and the last will show as settled 2 and a half years ago by the…
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Process for name taking off a mortgage
Hi All, Has anyone ever had any experience with removing a name off a joint mortgage? Could you give me any advice on the process to do so? It’s my name coming off the house and the finance side of things will be sorted but just need to understand what we need to actually do. We are almost at the end of our current…
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New Mortgage with missed Mortgage payments
Hi I'm looking to get a new mortgage in next 6 months or so. Anyone know of any lenders that will accept me with missed mortgage payments? They were 2 years ago while I was unemployed for 2 months. I caught up and have no arrears. At the same time I did missed some credit card payments but its been 2 years since any missed…
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lenders who consider 1 yr accounts
Hi Could anyone give any guidance on lenders that will take 1 years finalised accounts. I have been trading for 14 yrs, but had to take a career break for a few yrs (although I kept my annual returns for the ltd company so there has been no break in the company registration). I returned full time to my occupation in 2016…
