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Idem servicing advice
Hi I've currently have a complaint with financial ombudsmen regarding the interest rate of my secured loan purchased in 2007 with button financial. I guess everyone knows the story of picture loans now debt with idem. I've been paying this last 11 years. Not in arrears. But the interest rate is variable but hasn't moved…
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Recommended Broker near Oxford/Abingdon
Hi Does anyone have any recommendations for a fee-free mortgage broker near Abingdon, or the Oxford area? Thanks
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Existing mortgage, moving in with partner who has another mortgage.
My partner split up with her ex and she is still in the flat with him paying the mortgage. Now I am moving in there is mutual agreement that myself and my partner will take over his mortgage for her flat. But meanwhile I'm about to rent out my own mortgaged home where I have lived up to now. Rental income will match the…
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Wife payslips from my company
Hi, My wife and I want to apply for our first mortgage. I am an employee of one company which I will be using for my mortgage application. I also have my own limited company which I used to work for, but now entirely for this other company. I do not take a wage or dividends. My wife is a PAYE employee of the limited…
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How low can I go?
I have got an 8 year mortgage left with Nationwide. £800 with £10 a month repayments. I want to keep the mortgage so I have a direct debit for my current accounts. Surely Nationwide would get fed up with a £50 mortgage with 50p repayments. Have other people kept up tiny mortgages? How much can I overpay?
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Seperation and mortgage issues
Hi everyone Me and my ex split up at the beginning of this year and after a few months she moved out and I moved all bills into my name and have paid them myself ever since. This was all on the belief that I was going to be buying her out of the house. This is no longer the case as it is going to cost me more than what I…
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Click mortgages and Together mortgages
Hi, I’m new here and wondered if anyone has used Click Mortgages and Together Mortgages? We looking st shared ownership of a house and Click Mortgages have managed to get us an AIP with Together Mortgages. These are more specialised as our credit isn’t brilliant. Their testimonies are positive but I wanted to know if…
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Self employed mortgage requirements
I am self employed and looking to purchase a property as a first time buyer The proposed lender has requested information about my business shown below: Net profit/loss before corporation tax Net profit/loss after corporation tax and before dividends Can anyone explain the calculation for this request?
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f my mortgage is declined do they tell you how much they would be willing to offer?
I will hear back tomorrow hopefully about whether my application has been accepted. If my mortgage is declined do they tell you how much they would be willing to offer? As I’m just considering that if they are willing to offer say £5000 under what we’re applying for- I could possibly increase my deposit amount and borrow…
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Mortgage application rejection
Could anyone please assist with this one I am a director of a limited company and have just applied for a mortgage of £96k Everthing was going about to go through decision in principle full hard search on my credit report all fine. The lender the said there was an issue with the information supplied by my accountant which…
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Career change advice needed - Mortgage Broker
Hi everyone, I am after advice on the route and future working as a mortgage broker / advisor. I have not yet begun working towards this and am doing my research to ensure it is the correct path for me. Background - I am a 44 year-old male and have owned my own business for 18 years and earning well. Without explaining the…
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Preparing to remortgage for house move
Hi, I’ve seen some great advice given to people on this forum so I wonder if you could help me please? We are looking to move house soon and we’d like to have our finances “in order” so that we’re in the best position possible when we do remortgage. Could you please advise what we need to do/know? My partner is the main…
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Preparing for a Mortgage Application
Hi, Hoping for some guidance / advice, if you do not mind. But before my question, here are my circumstances. Income: Basic £42,000, Overtime + On Call: £7,500, Bonus: Usually £2,500 (5%) Partner does not work Approx. 10k available credit via Credit Cards, Zero balances across them all. Personal debt with Friend, being…
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Mortgage for property with agricultural land
Hi I'm looking for some advice regarding mortgages for a cottage which is being sold along with a separate paddock. The home report value of the property is £105,000 but the lot (which includes the cottage and agricultural land of approximately 5 acres) is being sold for offers over £135,000. Will it be possible to get…
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New Mortgage Application bad credit not on file
Hi All Me and my partner are in the process of purchasing a property. We have sold our current property and the proceeds from the sale will be going towards the new home. I was hoping to put down over 10% but an earlier conversation with mortgage adviser has left me with some questions. I had debt issues which have all…
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Looking for advice re overpayment
OK, I'm new to this so go easy! Situation: Married couple (1 child, one on the way). We bought a 100k house via an 85k mortgage nearly two years ago. The mortgage (2 year fixed rate, 30 years, Natwest) was taken out in my wife's name as I was studying full time at the point of application. I'm now working full time and we…
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I have £2,500 worth of debt. Can I get a mortgage?
Hello everyone, I have around £2,500 in debt (which is being paid off every month via Direct Debit, albeit slowly). I rent at a cost of £600 per month and have done for years now. I’m in full time employment as a qualified train driver for one of the major Train Operating Companies. Is it at all possible to apply for (and…
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88-year-old with interest only mortgage
My 88-year-old mother has an interest only mortgage with a Spanish banking group, the outstanding balance circa £25 k. The bank is sending her letters asking for her plans to pay off the mortgage which ends on 3rd June 2020. My brother and I are willing to pay off half each of the outstanding debt however I would like to…
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1st Mortgage: Annual Bonus
Hi guys, my wife and I will apply for our first mortgage next March. I am curious as to how lenders will assess the elements of our income based on performance. My bonus structure is as follows: - Fixed 25% of base - Variable, from 0% to 200% of base - 30% of any variable bonus is retained until the following year Does…
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Fix the move?
Supposing our house is worth 200k, and we fix on a long 10 year deal at sub 70%, what happens if we move and require additional borrowing? Surely the original fix at the 70% LTV remains in place?
