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Refinancing debt... how would this work?
My wife and I are looking to buy a new build. Between us we had small amounts of debt all over the place. This month we decided to consolidate everything into one payment each. The loan momey has just been laid into our account and the debts have all been cleared today. We have been in the process of doing this.for 3 weeks…
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First time buyers,shared ownership
Hi my daughter needs some really good advice regarding buying a shared ownership property with her partner. She earns £26000 and he is self employed and has three years accounts which shows a £20000 income. Her partner also had a debt with Vodafone last year but paid it off and no ccj was issued. What chances do they stand…
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How much do underwriters check your employer?
Hello We are applying for our second mortgage because my partner lost his job during the first one so we had to cancel. He is now working for a relatively new company (1 year 7 months old) that specialises in educating Chinese students in England – so primarily based in China! The company hasn’t filed any accounts yet and…
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Remortgage - thick question
My current mortgage balance is 105k, I am looking at new deals to remortgage at a round 100k - so I want to pay 5k off my mortgage when I remortgage. What is the best way to do this, is it when the 100k balance gets transferred to a new mortgage provider and the previous provider is left with 5k owed ?? I just want to…
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First Time Buyer - Advice Needed Please
Hello, My boyfriend and I are first time buyers looking to purchase our first home. We both have car finance agreements and some credit card debt used to pay for car insurance etc (total of around £3k between the 2 of us). We hope to move into a new build home in December and have put a (refundable in needed) early…
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combining two mortgages
We have two mortgage accounts on our house - one was a rate transferred from the previous house (mortgage 1) and one is the new rate for the additional borrowing (mortgage 2). Mortgage 1 is lets say 90k, mortgage 2 is 200k (these are rough figures). Mortgage 1s fixed rate ends in September this year and Mortgage 2 in Jan…
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Mortgage help
I own a property outright with my brother that my daughter has been living in for the past 3 years, my brother now needs his money out of the property. My daughter intends to buy the property but cannot currently get a mortgage for the full value £135k does anyone know of a lender that will provide her with a 50% mortgage…
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Advice on whether to proceed with full application
Hi all, Remortgaging. Decent six-figure income, 72% LTV and an OK credit score. Some silly arrears with EON that's gone to the ombudsman but otherwise no missed payments in 8 years. Had a DIP from HSBC with no referral to the underwriters. Now they want bank statements for a month, and here lies the problem. 1) Went deep…
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Could this be possible?
Hello, This might be a bit long winded sorry! We are a married couple aged 40 & 38. We currently live in the Midlands, however I work around 100 miles away. We are desperate to relocate nearer to my place of work. We have friends and family there and we feel it will be a nice placer to raise our kids. Our current house is…
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HSBC not opening ??
Hi all trying to do a rate switch on HSBC, but both on IES and chrome its returns an error message. I click to read the documents, then it just says not available, and has done for 2 days Any idea what may be at fault? many thanks
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Save for deposit or pay upfront for car?
Hello, I'd love yo hear people's thoughts as very new to this. We're thinking of buying a used car at c£9.5k. Would you recommend getting a loan of £8k (4 years at 2.8% APR) or would it be better to pay upfront? If we did pay upfront, the money would come out of our savings for a deposit on a mortgage which we'll be…
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First time remortgage
Hey guys, I'm getting a bit nervous about my up coming re-mortgage. I bought a 2 bed 2 years ago for 310k - which i think is now around 330k in value after looking at other 2 beds in the area. My current deal ends in 2 months (1.44%) and i think I can get another 2 year fixed (1.36%) with Yorkshire BS. Called my current…
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Interest Only Mortgage Questions!
Hi I had a interest only mortgage which has now been redeemed. However the mortgage was originally around £37k but on redemtion was closer to £55k. Admittedly i was taken to court on three occasions for arrears/repossession but managed to clear it all up. I can help but feel done by. Can i cliam the difference back? Also i…
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Question about affordability for additional income with P45
Morning all,
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Interest charge for changing D/D date
Hi guys, my salary date is changing so I phones up mortgage company to change direct debit. They say for changing from the 19th to the 25th will cost me £76 I can't see what difference it makes. It's the same month. I could maybe understand if it was the next month. Plus, I changed from 31st a few years ago at no cost and…
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Mortgages for the elderly & disabled
Can anyone recommend which lenders lend to elderly and disabled.? They are on pensions and benefits as their income. My mum and disabled dad owe nothing on their mortgage but took out equity release several years ago for £25k, they now owe a whopping £42kk!! and need to release some more cash. They have equity on the house…
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Help to buy ISA conditions
Hi all. I know I'll have to go to a solicitor for a definitive answer but wondered if anyone had any experience or knowledge of this. I encouraged my partner to take out a help to buy ISA and our flat is currently in my name only (mortgage and title deeds). My plan at the time was that we would sell and buy a new place…
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Maybe late in the day
Have posted a few posts on here recently about our mortgage woes so this is maybe late in the day to reqch out for last minute advice/help. I will not go into our full case but we have a few credit blips as in missed payments in the last 24 months and quite a bit of credit on high utilisation although have cleared around…
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Remortgage amount less when we switch?
We have remortgaged as our current deals ends in a few months, does anyone know what happens if the loan amount required is reduced when it switches over to the new lender? What happens? Will the new lender just lend us what the balance is from old lender, even if it’s less than the agreed amount or is it a more…
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First home buyer
Hi, Let's say my company bought a house, for investment purposes with me as the owner, I'm guessing I'd be classified as a "first home buyer" , or would it be classified differently? Thanks in advance. I appreciate this sounds like a stupid question.
