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Repossession still on credit file.
Hi, I have recently paid a Reservation fee on a new build that is not due to be completed by March 2019. I owed a house previously with my ex husband previously but had the house repossessed as they would not just transfer the property into just my name. (Low income at the time) Ex husband was not reasonable and would…
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Declined by Natwest after initial acceptance- worth an appeal?
My daughter is buying my house. Valued 115000 / selling at 80000. Difference and deposit is gifted equity 35000. She banks with Natwest and broker applied on our behalf due to complicated application with the equity/ selling to family member Got a yes initially but on main application it was declined due to a mobile bill…
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Buying out government Help to Buy Equity stake while in negative equity
Hi Forum, I bought a new build flat on the London Help to Buy scheme about a year and half ago and will be coming up tot he end of my mortgage fixed rate at the end of year two. In the last two years my earnings have gone up and I may now be able to buy out the governments equity stake. When I review comparable flats in…
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Delays caused by Solicitor and the Bank!! Please help?
Hi, am feeling mega stressed here so would be great if anyone may have any advice on this.. I bought an off plan new buid leasehold flat with my partner in the UK. Joint tenancy. Both are on the legal title, however I am the sole borrower - mortgage purely on my income. We explained this to our bank from the beginning,…
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Law could be changed to help mortgage prisoners - MSE News
The Government could make changes to the law which is often blamed for creating mortgage prisoners, Treasury Minister John Glen has said in a letter published today...Read the full story: 'Law could be changed to help mortgage prisoners' Click reply below to discuss. If you haven’t already, join the forum to reply.
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RBS mortgage versus cancer diagnosis
Hello everyone I'm in the position of having been diagnosed with cancer for the second time in nine months. I'm extremely fortunate that both cancers have been curable and I thank my lucky stars! I'm currently recovering from surgery and will not be able to return to work for another 3 months(I'm self employed). I had 4…
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Unpaid mortgage
Hi A friend of mine is in a bad situation. She split up from her partner and he moved out. He has not paid the mortgage for 12 months and now she finds herself in the position of having the house taken off her. She has 3 kids, one which has special needs. Can anyone suggest the best way or the best people to talk to to try…
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Will my £5k overdraft limit count against me?
About to apply for a mortgage and realised I've potentially overlooked something calamitous. Until about 5 months ago I was going deep – sometimes near the limit – into a 5k agreed overdraft every month – it’s something First Direct happily agreed to about three years ago during a period of low income. Knowing we were soon…
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Does switching utility providers affect mortgage applications?
Hi, We are planning on applying for a mortgage in January, however looking through our outgoings can see that we are paying over the odds for gas/electrics/phone and broadband. We would like to switch providers but have read that changing providers may affect the chances of the mortgage application being accepted. Is this…
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Mortgage moritorium
Hello, I'm going down to statutory maternity pay this month and had wrongly assumed that I'd be able to take a mortgage repayment holiday to help off-set the huge drop in income. However my mortgage company have said my product doesn't offer payment holidays and my only option is to declare financial hardship and seek a…
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Current Mortgage... What would you do?
Where to begin... May 2015 I got my first Mortgage with Natwest, FTB 5yr Fixed at 4.35% and me as a Single Applicant. I currently have 1 Year 6 Months left of my 5yr fixed term, my ERC to leave now would be circa £1700 or if i wait 6 months it drops to circa £800. Due to the housing market My LTV has decreased…
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Mortgage Ownership with the Bank - HELP
Hi all, I've recently bought my first home which I was told was repossessed from the previous owner. I bought it very cheap for the area it's in, but I've been told it can only be sold for 75% of its true value (I bought it for around £116k which was 75% of its true value). However, will this affect the value of my…
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Nationwide Over payments. Under or Over £500. How it affects?
Hi, I have a repayment mortgage with Nationwide which I've been overpaying by £25.00 or £50.00 each week. My goal is to reduce the term, not the monthly payment. My overpayment "pot" is showing as £1,375.00. When looking at the online account, there are options for me to choose how overpayments are treated as follows; How…
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Time for remortgage
We bought our first house last year, completing in late Feb 2017. Our initial mortgage was a 2 year discounted variable which is due to end at the end of Feb 2019. The broker who we used was excellent and advised at the time that he would be in touch when it comes to remortgaging time. I was wondering, especially thinking…
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Mortgage End in Sight - Help!
Hope I am doing this properly - please be patient with a newbie. I am now split from my husband and he is not making any contribution to our joint mortgage. We bought our house 19 years ago and the value has tripled since then. The mortgage term of 20 years is up next year and I do not have the money to pay it off. He…
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Principality - Credit card debt
We went through a mortgage app with principality via L&C and principality asked for 2 CC'S to be cleared from the funds of the house sale before going to next house. But we just signed and are exchanging, with these yet to be paid off. When and how will they need to see this cleared if we move in and the mortgage is under…
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Getting second mortgage
I bought a flat in 2007 with a girl. 10 years later we are no longer together, she lives there with my children. There is £152k to pay against a 290k property. She currently is paying he interest, I pay her money for the children’s maintenance. Not that it matters, but she ended the relationship and I was forced to leave…
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Looking for legal advice on splitting up
Hello, I'm after advice on leaving a mortgage. Basically I want to know If I buy another house on my own and walk out, if/when 1st property is repossessed would they be able to take my new home? Abusive situation and selling/splitting amicably not an option. Thanks :)
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Disaster - HSBC have valued the flat at 20k under what I offered
Long story short - flat was on the market for 275k, I had an offer accepted at 280k, HSBC have just finished their valuation and are telling me they think the property is only worth 260k. Im not totally sure how they have reached that conclusion, they will email me the details. HSBC have advised me to try re-negotiate with…
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Does this sound a good deal?
so renewing and looking 5 year fixed . Am with Natwest who offer 2.23 to renew with £995 fee. However, called L&C who say they can renew it with Natwest for 2.03%. Can they get better rate for an existing Natwest customer than what Natwest offer me? I was surprised....am I missing something? Also, is that a good…
