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Mortgage in principle
Hi guys, I’m currently looking to buy my first home and have completed a few mortgage in principles over past 6 months or so and being offered quite high amounts. I earn just under 22k a year, no kids, single and getting offered up to £95k. How much realisticly can I expect to get? Close to that or a lot lower? Got no…
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Halifax Mortgage Process
Hi, I recently phoned Halifax to follow up my accepted mortgage promise and went through the second stage of their process with the mortgage advisor. All was going well and we passed the credit checks but were then told we had failed the final part of the application relating to shared ownership. We are looking to use the…
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Timing of 2 applications
I'll try and get to the point :) Our 2 year fix rate mortgage is up on 31st March We currently have a lease car that needs to go back to the dealers in March So, in March we need to buy a car. Paying around half cash and personal loan for the rest (and paying that off as quick as we can) Is it better to apply for any…
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Basic help re calculations
Hello! I'm trying to compare potential mortgages on a new home for the best deal, but I'm having difficulty understanding the calculations. The MSE comparison has given me the following; Loan Value: £200,000 Rate: 1.89% Set up fees: £1,230 Monthly payment: £837 (for 28 months up to £250 cashback) MSE total cost: £10,460.…
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Barclays lending criteria
Hello, We have made the decision to move back in with parents for 6 months in order to be able to apply for a mortgage without any debt. Currently between us we have £2.2k on C/C's which will be paid off in the next 2 months. I have one satisfied default that will drop off in December. This is Barclays lending criteria:…
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Shared ownership mortgage - family mosaic rules - further advance possible? Ideas?
Hi, My outgoings are increasing considerably as of next Summer (+£1500/ month) with our 2nd baby starting nursery, central London based, and so I'm hoping to temporarily (for 2 years) reduce my monthly mortgage and debt repayments to cover the cost of nursery (until my eldest starts primary in 2020). I've a shared…
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What's the best approach??
Hi just looking for advice on what might be the best approach for me to take remortgaging-wise. My situation is: £65k left on mortgage House value about £165k My age - 50 Credit rating is 999 Good No CCJs or bad debt or anything at any time in the past Exemplary record of paying mortgage payments Full time employed but on…
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Getting a mortgage with a ccj
Hi I’ve been ringing around brokers and it’s not looking good. Wondering if anyone here can help? Me and my partner are looking to buy a property of around £200k with a deposit of £20k. I earn £24k a year and she earns £22k a year. The problem we have is I have a ccj which I received December 2016 for £917. It was sent to…
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kensington retentions?
I know previously I've wanted to remortgage to a high street, but I do not feel that Kenginston are that bad as people are making out to be, they do take sometime to check mails, etc etc and what ever, so I'd prefer to just remortgage with them instead of 'trying' my luck and going to a highstreet. by any chance when the…
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Marks and Spencer to launch mortgage range
You will soon be able to buy a house with Marks & Spencer, after the retail giant’s banking arm announced plans to launch a mortgage range. The company better known for selling groceries and underwear will roll out its first mortgage products early next year, subject to regulatory approval. The M&S Bank products will be…
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Mortgages after base rate rise
Hello Me and my partner will be applying for a mortgage for our new build in December. I just wanted to know if the base rate rises in November. Do lenders generally put their rates up by 0.25 or is it a lot more because they can? Thanks in advance
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please resolve marital difference of opinion!
o.k so our endowment to pay off our mortgage is maturing next month with about £2,000 extra in our pockets. Our mortgage isn't due to be re-paid for another 5 months, my question is, do we pay the mortgage off early when the endowment matures or bank the money in our offset savings account which is linked to the mortgage?
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When mortgage decision goes to appeal
Hello one and all. My husband and I are FTB, and after securing AIP, our mortgage was declined. To cut a long story short, our broker believed it was worth appealing the decision. We will find out by Monday (23rd October). My question is - should we be telling the seller who accepted our offer? Our broker (independent) is…
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Advice needed - remortgaging now, but probably moving in next 1-2 years
Hi MoneySavers, Looking for some advice. My fixed-term mortgage (1.98%) with HSBC is shortly coming to an end so I am starting to scout the market place for deals to move to once I'm out of my fixed period. Given the impending interest rate rises, my initial thoughts were to lock myself into as long a fixed period as…
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What would you do
Hi all, I'm aware of the current rumours that Interest rates may well be on the up soon. I'm Indecisive at the best of times so can't quite make my mind up on this one. Simple question what would you do ? Current mortgage £73000 12 years left Stick with current mortgage Mortgage is currently on various rates due to taking…
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Is now the time to fix? Advice sought.
I keep reading that a BoE base rate rise in November is "likely". And (without any political comment intended) it seems fairly likely that Brexit may mean a bit of a bumpy ride economically over the next few years. Inflation seems likely to be a pressure that might lead to successive but gradual interest rate rises? I'm on…
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Coventry BS Flexx for Term Remortgage
Hi I have been with the same mortgage provider for many years as I really liked the flexibility of the offset style (One Account). I can see that the mortgage rate is much higher than some out there so I am considering remortgaging. I intend to borrow more than the outstanding balance on the current mortgage as I have a…
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Help to buy - Clearing loan
Hi All, Just want to see if anybody else has experienced what i'm currently experiencing? I'm into year 4 of the help to buy interest free period and have decided to try and get a remortgage with another lender to pay off the loan from the government. 4 Banks I've approached now to get this loan but because the loan to…
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Monthly payment figures
Hello, I'm hoping someone can enlighten me about whether my monthly payment should have been reduced or not following an overpayment. The context is that each year, I aim to overpay as much as I possibly can (which is about 10%). When this happened in the first year of our mortgage, our monthly payment was reduced. Each…
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Reduce a Mortgage or Clear a Second One?
Hi - My question is with various changes in circumstances I have two mortgages up for renewal: Mortgage A - Private Residence -Renewal Date January 2018 - Amount outstanding £70 k @ 5%. Mortgage B - Buy to Let - Renewal on January 2019 - Amount outstanding £35k @4.1% Aside from my emergency fund I have £20k in savings…
