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Check your Halifax mortgage details!
About a year ago, Halifax must have moved the location for their mortgage admin from Halifax to Gloucester. It seems that in the process of moving operations the names and addresses of all (or at least some) of the mortgages were re-keyed and errors have crept in! I suggest anyone with a mortage at Halifax checks that…
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Mortgage Declined - 1 missed payment, 4 years ago
Hey, I've recently had a mortgage application declined due to my credit score and payment history. My affordability is all fine and apart from the credit score and payment history - they say they would be happy to lend. Back in 2013 I moved out of the country for about a year for work - I opened a new bank account where my…
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Mortgage & Student Loan
Mortgage application is in but Virgin have requested I pay off my student loan before an offer can be made. I was always under the impression student loans weren't assessed in this was for affordability. I can understand why they would be but I never anticipated having to pay the balance. Thankfully I'm in my last 6 months…
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Credit check on remortgage
I have recently moved in with my partner. It is her house and her mortgage and it will stay that way. The current cheap rate mortgage ends in September and she intends to remortgage to avoid the interest rate hike as far as possible. My question is, given that I have no interest in the property and do not want any…
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2 Residential Mortgages?
I have one mortgage in the Channel Islands but the market is flat there currently so not worth selling - rented out to friends but not btl mortgage. Parents have offered to give me deposit to buy place in UK mainland but I don't know if I will get another mortgage. Can anyone advise?
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Mortgage advice
Hello I am saving for my first home. Will have saved £20k soon. As I understand it, most banks will lend a maximum of 4 times income. For me alone earning £20k, that's £80k plus £20k deposit, totalling £100k property value. I don't think I would be able to buy much at that price. My partner earns around £16k, so that…
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Equity entitlement advice
Hello, So very recently my long term partner decided to leave. Cancelled her side of the bills and left. The issue being that we took out a joint mortgage 2 years ago on the property we were living in. It looks like the solution is going to be me taking over the property/mortgage on my own meaning I will have to buy her…
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95% Mortgage?
Hi All How difficult is it in the current financial climate to get a 95% mortgage? Wife has fabulous credit history, mine is a little patchy. No CCJs, one default for £950 which will be paid off in full within next 3 months or so. Currently have 3 credit builder credit cards which I just use for fuel and pay off in full…
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Overpayment help
Hello, I have previously been overpaying with Halifax but have since switched to Santander and went to make my first overpayment. They have said I have 2 options - reduce the monthly payments or reduce the term. It seems they won't allow me to keep the same monthly payment but just reduce the overall amount owed. I have…
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Chances of mortgage with overdraft usage?!
Hi all! Advise would be gratefully appreciated! My partner and I are looking to apply for a joint mortgage. We’ve had a decision in principle and an offer accepted on a new property. Our lender has asked for three months bank statements and I’m really worried as OH tends to live in his overdraft much to my nagging. I’m…
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Negative equity mortgage/divorce
Hello, I would appreciate some advice please. Apologies for the long post! My ex and I divorced (finalised but option for financial claims left open) approx 3 years ago. We have a joint mortgage on a property for approx £105k, property now worth approx £92k. About 5 years prior to separation we started to let the property…
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Newbie question on mortgaging
Hello, Due to a change of job with lower salary, I am looking at moving (downsizing) house as well as being closer to my new work location, as an important cost cutting requirement. I was a first time buyer for the current house so inexperienced with process of moving to new home. My question is, If I downsize my house in…
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Mortgage help!
My parents are in a bit of a mess with there mortgage, they are both 50 and have been paying interest only for the last few years. they owe around 110,000 pound. they both have terrible credit so for them to get a mortgage on repayment would be ridiculous amounts per month as the banks will not touch them at all. they…
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Barclays Springboard- can it even work?
Hi Does anyone have any positive experience of using a Barclays Springboard mortgage? I'm already having a nightmare- a house I wanted to offer on went straight to 'best and final offer' but they want an agreement in principle to make the offer. I have been told by a mortgage advisor at Barclays that they can not give me…
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Management Company Notice Fee
Hi, We are in the process of purchasing a 2 bedroom flat and the solicitor has sent me the charges. To my surprise there is a management company notice fee of £834, I have queried this with the solicitor but as always they can't give me the full details until they query it with the company. Can anybody shed any light on…
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Remortgage: Offset vs Regular + keep ISA savings
Hi all, I am about to remortgage my house for the first time and am wondering what is a better option: to keep my £120k tax-free ISA savings and take regular mortgage or move my savings into the offset account and take the offset mortgage. I am looking for the initial period of 5 years and loan of £282,000. I particularly…
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Moving mortgage offer to a cheaper property
So I’ve had my mortgage offer which came in substantially under AIP amount, meaning I am having to wait on money to be gifted to up a deposit. I’m getting the feeling from the very pushy sales professor working for the seller that they don’t want to wait, fair enough! Their house, they may do as they wish. In anticipation…
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Paying lump sum off mortgage
My current fixed mortgage deal is ending in June. I have £10,000 spare which I am going to use to pay off some of my mortgage. Am I better off paying it in one go when my fixed deal ends or would I be better off overpaying each month once I have sorted out my next fixed deal? I will be well under the 50% LTV so this is not…
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Selling my flat - is there any way to avoid ERC?
Hi, I will be leaving UK to live in another country (probably permanently). I have a shared ownership flat (50%), which I'd like to sell, as I cannot rent it out (as written in my SO lease). However, I still have 1 year left on my fix, with 3% early repayment charge on my 110k mortgage with Barclays. Is there anyway to…
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Endowment final figure mis-quoted
Hi , i only have 2 months left to run on my plan . the plan needed to achieve £33,750 . i made arrangements to change the morgage to part and part so i worse case i would need the plan to make £25k. In june last year i phoned Prudential to see how it was doing and to my supprise i was told its in green and it will make the…
