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Default and other minor/ish discrepancies on credit check
Hi there. Im 30, a trainee solicitor and am struggling with the NatWest law school loan I had to take out for my final year of law studies. The last year of study was a 10 year loan and amounted to about £17,500. I defaulted on the loan about 3 years ago. I set up a payment plan after the loan was sent to 'debt…
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fixed rate mortgages
I have rermortgaged in the last 6monts to affixed rate mortgage and I received a letter yesterday saying the monthly payment are going up by 7£ are they allowed to do that because I thought a fixed rate was fixed so you know what your paying
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Buying a house that's been resold on within six months
Hi first time poster here! I've found a house I love. It was owned by a old lady who died and passed it onto her family. Her family wanted a quick sale so sold it onto a company such as we buy any house (neighbours gave me all this info) After viewing estate agent said we need to tell you this house has been bought and re…
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Mortgage decline due to a conflict with media company over cancelled contract
Hi, In November last year I cancelled my Virgin Media contact . They continued to take payments for the following 3 months despite calls to cancel. I therefore had to resort to stopping payment at my bank. I later received debt letters regarding my Virgin account. I spoke to debt agency and virgin who refused to back down…
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Mortgage but bad credit
My mortgage is due for renewal in 3 months time. I am concerned that it will show that I have bad credit as 2 years after we bought our house, I was made redundant and could not find a job with the same salary for another 3 to 4 months, I had lesser income jobs but these did not cover all of my monthly bills. During those…
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Overpaying lumpsum from NatWest mortgage
Hi, I'm about to enter the last year of a NatWest mortgage fixed at 3.39%. In previous years I've divided my 10% overpayment allowance by 12 and overpaid this amount monthly. This coming year with some savings now earning less than 3.39% I thought that I would be better to pay the full 10% off as a lumpsum on the first day…
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Accept mortgage offer before independent survey?
Hello, we applied for a full mortgage and had a basic valuation done which came back fine. We had the full mortgage approved the other day and we received paperwork in the post yesterday and one form - the acceptance of offer we have to sign and post back. I’m not sure what the deadline is but the mortgage lender have said…
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Leeds building society mortgage recommendations
It's sounding like after an AIP Leeds building society would present a list of mortgage products that are available but would want to recommend one and the one they recommend might have a mortgage advisor attached to it, which would require fees. Is it always advisable to go for their recommended option? What protections…
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Unusual arrangement
Hello all, I wanted your thoughts on this. I have put an offer in on a property that has been accepted. I will be eligible for the mortgage I want after 3 months (due to some defaultsettings on my credit file). As I will complete on the house I'm selling and currently living in, in a few weeks, I will have nowhere to live.…
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Default added to credit after mortgage offer
Some advice please, we have had a formal mortgage offer, and offer for a house accepted, after a survey it has shown around 50k (structural) worth of repairs are needed, (very old house) but before we offer the sellers less in light of the unforseen repairs we have found that a historic default has been added to a credit…
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Self Employed looking to remortgage
I'm self-employed acting as a director of a ltd. company and in the process of getting accounts ready for the accountant in the next couple of weeks. I have a mortgage currently at around £79000 with the initial purchase/house value of £105'000. The Mortgage is with Kensington so obviously a very high rate of 5% and have…
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Wages issue
Hi I'm planning on applying for an mortgage. My question is my pay is quite complicated. Basically I take home 34k a year however I opt to draw 26k over 12 months and the remainder in a lump sum once a year. This is always paid alongside my yearly bonus and is marked on my pay slip as bonus when I receive it. According to…
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Remortgage - 2 or 5 year fixed rate options
Hi all Our product expires next month an we are looking at either a 2 year fixed rate of 1.59% or a 5 year fixed rate at 2.09%. Given the chatter about an impending BOE rate increase, what do people think is the best option? Current rate is 2.29% so both rates will reduce the mortgage payment. Cheers
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Mortgage but still on ex's mortgage.
Hi, Looking for a little advice... me and an ex partner had a mortgage together and we have split up a few years ago. Neither of us bothered with sorting out the mortgage (stupid i know, i was happy as she was paying the bills and mortgage and she was happy as she had somewhere to live. Now time has gone on and inevitably…
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Change of correspondence address during application
Initially I was looking to purchase the rented property I was living in, whilst the application for this mortgage was with another bank it provides context to the situation we now find ourselves in. The property was downvalued by the bank and as a result of this I had to pull out of the sale. After identifying a new…
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Morgage application name change
Hopefully someone can give some advice. My wife is going through a morgage application and our morgage broker had advised her to apply in her previous name as there was no credit history for her new married name. She was accepted for the morgage by Santander. Now they say we need to provide identification of her new…
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Use past Overpayments for future monthly mortgage cost?
Hi all, Is it possible to use past overpayments towards the future monthly costs? For example: Let's say you have made £20,000 in overpayments in the past. Your monthly mortgage payment is £800. For whatever reason let's say you want to use your overpayments to cover some future 6 months payments (e.g. because you are…
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New build undervalued
Hi all, I'm new to the forum and just looking for a little advice. Me and my partner recently put a deposit down on a local new build plot near where we currently live, the plot is one which consists of only 8 houses 4 town houses/terraced and 4 semi detached all roughly the same size. We applied for a our mortgage through…
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Credit score dropped from excellent to fair due to credit applications
At the start of the year, my credit score was excellent at 998. However, in May I took out an American Express Credit Card, which I pay off in full every month. In July I decided to make a bold switch and open a new bank account with Halifax, as I wasn't happy with the service HSBC were providing. What it's meant is that…
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Mortgage with credit card debt (that will be paid off). Help please!
Hi there, I wonder if anyone can help me. My husband and I seem to be struggling to get a new mortgage and I wonder if anyone can help. We seem to fall down on affordability, despite the fact that we will have more disposable income when we move than we have now! We are selling our flat and trying to buy a house. We’ve put…
