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Will applying for a credit card harm my chances of getting a mortgage?
We are looking to apply for a mortgage around 11 months time. My credit file is ok, but a negative factor according to clear score is I don't have a credit card. Is it worth apply for one? If so, how often would I use it to gain some benefit for my credit file? Or my husband has an Amex, should he get my name added to that…
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Moving house
Hi all, Merry Christmas. I'm new to MSE although I've been a long time reader. I wanted to ask me and my partner got a house last December. We have done the house up new bathroom, kitchen windows. Fully gutted the house to a very high quality standard. We bought the house for 178k worth now 235k to 240k. We have knocked…
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Mis sold mortgage?
I have seen a few threads like this and people being told there is limited success for this kind of claim. I just wanted some advice based on my own corcumstances. Myself and my partner were sold a subprime interest only mortgage in 2007 the interest rate was 6.29. It was for the value of £90500,£ 87,500 mortgage amount…
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First timer Buyer Help
Hi all I'm hoping to come here for some help please :) So myself at my ex have split up and leaving separate lives now in the same rented house ill be moving out soon and she will be staying there as its a family member house . I live in Northampton and rent is a lot I have found a double room for like £525 PCM :O however…
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Will 1 late mortgage payment hurt us if we try to move house?
Hello Everyone, Due to a DD mix up, out last mortgage payment was returned. I noticed quickly and called the bank and made a manual payment. HSBC said this will most likely result in a late payment being logged on our credit file. As the payment was late, I can't reallly argue this We have paid out mortgage on time for 12…
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Help to Buy Equity loan Question...
We are going to be looking to pay off as much of our equity loan within the 5 years as we can, can we pay off the equity loan in chunks throughout the 5 years or are we best making overpayments on our mortgage?
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Mis sold Mortgage?!
Hello, Looking to see if anyone has any advice on the following. My father-in-law got an interest only mortgage for approximately £13,000 in 1992 (He was aged 67 and his wife 69 at that time) Then in 2006 (When he was 81 and the wife 83 )he received a letter from the bank offering £17,000 for home improvements so now he…
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Mortgage approved - car
Hi there, I'm moving my mortgage from Halifax to First Direct, who are my bank. New mortgage deal is approved and is set to draw down on Jan 3rd. My car is on the way out and I've seen one at a dealer that would be perfect. Would applying for a personal loan or dealer finance at this point jeopardise the mortgage deal?…
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Nationwide mortgage and completion
I'm wondering if someone can help me. I am due to complete on my first mortgage in about a weeks time and had a few questions about completion day. I have seen some people mention on other forums that the lender has credit checked them one final time on completion. I have checked my credit report and the balance on one of…
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To sell or to re-mortgage
Hi there, First time poster and hoping people can help. I currently have two buy to let properties through inheritance and I'm thinking of selling one to fund some of the deposit on my house purchase. Would I be wiser to re-mortgage and continue letting it (one has a very small mortgage less than £10k) the other does not.…
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First time buyer - remortgage question
Hi I've just started saving from scratch to buy my first home, and I am aiming to save a 10% deposit. My preference though would be to be able to buy a house as soon as possible, as I am currently indefinitely lodging with a friend and it's not an ideal medium-term solution. I understand that a 5% deposit would leave me…
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Part time working, single parent remortgage issue!
Hi, I'm really struggling to find a lender that will offer me a fair re-mortgage. I work part-time, earning approx. £13,000 and have a child for which I receive no maintenance. I know my situation is far from ideal but I only have 15 yrs left on my mortgage and owe £48,000. My house is worth approx. £99,000 and I've never…
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Using 1st as mtg payment date -additional cost
My standing order has been set 1st each month for quite some time. Unexpected letter from Natwide recently advised I’ll be paying +5 for future mtg payments, whilst retaining my 2.49% fixed rate. This was suprising, is this type of charge normal as I’ve been paying on time with what was a small overpayment amount included.…
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Expertise on guarantor mortgage
Hi, Would really appreciate someone’s help and expertise on having a parent as a guarantor on your mortgage? I’m a first time buyer me and my other half are looking to buy a property our parents have an equity of 500,000 + and we are shortfall of around 60K. Not sure exactly how it works?
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Nat West Mortgage application
Bizarre phone call from Natwest today regarding my mortgage application. I have asked for £134K on a £244K property. I earn £35K a year and the amount requested was agreed on an AIP. A member of the mortgage team left a message on my phone and I returned their call, of course they were not available. I spoke to another…
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When can you remortgage with Santander
I currently have a mortgage with Santander which is a 2 year fix tracker mortgage Product end date:27/10/2018 Product code:V900V Interest rate:1.39% I know i am well in advance but i currently have a lease car which is due to be returned September 2018 and rather then leasing again i would like to purchase outright. I…
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Annual Mortgage Statement: What does "Early Repayment Charges" section mean?
Hello all, Recently I received an Annual Mortgage Statement. In it there is a section called Early Repayment Charges with a number in 4 figures. What does this section mean? It says "Early repayment charges are payable on this morning until MM DD YYYY". Does that mean it's a penalty? Sorry I don't understand so I ask.
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Can I go on the deeds but not on the mortgage?
Hello My partner and myself are trying to get a mortgage to help a relative buy a house. HSBC have confirmed the mortgage as indirect security on the house so that we dont have to pay 2nd home stamp duty, and dont have to go down the joint mortgage, sole proprietor route. This is due to us having a house mortgaged already…
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Remortgage - LTV & Help To Buy Equit Loan
Hello, I'm currently looking to re-mortgage. I have 20% equity and a 20% Help to Buy equity loan. Is my LTV therefore 60% or 80%? I'm looking to find out so that I can compare re-mortgage deals. Thanks, FinanciallyClueless
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Remortgage to top up pension?
Hi everyone I'd like to borrow on mortgage to put into my sipp pension, is this allowed? My affordability is too borderline to use cards to do it and then clear the cards Thank you:beer:
