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First Direct - missed a step?
I've looked at some other threads about the whole mortgage application process with First Direct but my concern is that they mentioned an AIP and sending off documents...none of which I have had yet. I first applied online on the 7th of this month and was told they'd get back to me within 48 hours. That didn't happen so I…
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old mortgage proof
Hi, anyone any ideas as to how to find proof of paid off old mortgage, approx 20yrs ago? I have the account no, and the original building society, which was taken over, and that building soc was taken over. The leasehold was not registered, and originally had a charge on it. I inherited the house with freehold absolute,…
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One Account
I believe I was mis-sold an interest-only (The One Account) mortgage recommended by a broker. Has anyone had any success with claims against this company? I have paid them over £200k and not one penny off the capital of £160k. Any help would be appreciated. At the time of taking out the mortgage, my income was £50k and was…
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Declined Santander Mortgage
Hi Guys, Looking for some advice please. Just had our mortgage declined by Santander for 'affortability' reasons. To give you an overview, my wife and I are trying to purchase a new larger home for our growing family but are planning to rent out our current home after we move out. Estate agent's rental valuation of current…
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Endowment short fall
Hi I am not sure to do with the short fall of £6,000 on my mortgage. I took out the endowment 25 years ago to cover £23,000 , which is just part of the mortgage, as it is in three parts repayment and a loan. I have been told by a financial adviser that I could take out a mortgage at an interest rate of 1.75 %. Just want to…
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Good advserse mortgage brokers
Hello, Is there a list, a website or some form of service about where to find a good adverse mortgage brokers? Also, I know there is a cost involved - does anyone have any kind of ideas around costings? Is this service something that is a one-off fee or is it more complex than that? Thank you, :)
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Overpay or remortgage? Advice please...
I have a btl on a fixed rate for 2 years which ends in Sept'18. The balance will be approx £50k owing with 9 years left on the term. I have £25k in savings and I want to get this mortgage paid off asap. Would I be best to overpay at the end of the fixed term with my lump sum and then overpay each month? Or remortgage and…
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Trying to find bad credit mortgage
We found a home to buy, a new build, things were looking promising, got a mortgage in principle but then offer was declined. The reason is Precise mortgage company use Experian credit report. so Equifax I have excellent credit but I had a secured loan on a previous property with my late first husband, he attempted suicide…
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Gutted... is this game over for us?
I am hoping someone may be able to offer some support. My wife and I had alot of short term debts such as credit cards etc. Nothing major. It was costing about £1400 per month as we wanted them gone as soon as possible. Our circumstances changed so we decided to apply for a loan each, consolidate everything and take it…
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What type of mortgage to buy rest of discount market share flat equity?
Hi all, I currently hold 70% equity of my discount market share (DMS) flat with the council owning the other 30%. I would now like buy over the 30% equity in order to rent the flat out but am unsure about the mortgage application as it's not a common situation. I haven't been able to find a thread with anyone in a similar…
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Declaring Debt Not in Credit File
I currently have debt with 4 creditors but no longer showing on my credit file as the debt was is over 6 years old. Would I still need to declare this on my mortgage application? Thanks in advance
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New house, home improvement loan and car finance
Right, help please. Buying a family property which is my grandmas name but in power of attorney in my mums name. Mortgage offered by Santander last week and now waiting for searches and contract to be sent from my mums solicitor. Meanwhile I need to get a home improvement loan to sort the house out as it’s a bit of a state…
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Selling Home Settlement Figure same as balance
I am selling my home and have a buyer. I enquired about my mortgage settlement figure and was told £54,634. There is still 17 years and 3 months left on the mortgage. I would've thought I would save 1000's but is this not the case? My present balance is £55,015. This is a repayment mortgage. Thanks in advance
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Advice on trackers or other options
Coming up to the end of my second 2 year tracker. We did alright on it when interest rate dropped to 0.25%, though is now currently back up to 0.5%. We owe £292k on a property valued at £475k-500k so LTV = Approx 60%. Therefore would be keen to hear what you gurus would suggest us doing this time round, or if anyone has…
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Mortgage Shortfall
Hi Just looking for a bit advice. Our house is up for sale and is looking like it will sell for around £20k less than what’s left on the mortgage meaning we will have a shortfall to pay back. Does anyone know how this works? I’ve rang the mortgage company and they’ve said a specialist department deal with this thing and it…
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Some questions RE: my mortgage broker
Hi all, hoping I've come to the right forum for this. I'm currently in the process of my first house purchase. I've got an AIP, I think my broker has submitted the application and Ive just returned my signatory pages of the paper work to the broker. I've declined to go for their quotes of building insurance as I'd found…
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Self Employed First Time Buyers
Hi My partner and I are both self employed. He runs his own business and I guess I'm considered a "sole trader/individual". We have been saving for about 3 years now and have a pretty good deposit behind us now and ready for the next step. We went to get some advice from one of our banks and walked away with our first…
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Remortgage Question
Hi, When remortgaging, am i transferring the whole amount I owe including my previous lenders APRC - as an example (80,000 borrowed + 70,000 interest) or just what I borrowed (80,000) onto the new lenders APRC? Keeping in mind what i've already paid off, of course. I am obviously new to all this and just looking to get my…
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Pay off mortgage or invest?
Hi, looking for advice. We currently have a mortgage of just over £100k with 16 years remaining which this month is going onto a follow on rate of 3.79%, so no early redemption penalties if we were to pay it off. We don't have plans to move currently. We are shortly going to have a gift of £100k from my father and my…
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Chances of getting a mortgage with 2 defaults
Afternoon all. Is there any point seeing a broker /applying for a mortgage if i have 2 unsettled defaults. A little about our situation, we are currently stuck private renting which takes up the majority of my wage, leaves very little to service my debts let alone save for a deposit. We have been offered an amazing gift…
