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Mortgage application - question regarding old credit
Hi all, I shall be applying for a mortgage with my partner in Feb as a first time buyer and I have a question. I have an old credit account from a buy now pay later purchase with black horse approximately 11 years ago, which was also passed on to several collection agencies over the years with a fixed £20 a month coming…
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Equity release scam??
Back in the 80s/90s my grandparents released £27,500.00 from their mortgage. This is now due to be repaid as both have now passed away, however having received the calculation from Barclays I’m very bitter about the amount I need to repay and feel like this should come under the payday loan capping by the fca. Based on…
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Switching to new mortgage provider - exit fee etc?
Hi all If I switch mortgage provider after my introductory rate (Post Office 2.68% fix for 5 years) has finished do I have to pay any exit or any other fees? I have looked at my offer of loan and it mentions early redemption charges within the fix period plus a mortgage release fee. The mortgage release fee is £0 "on full…
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Is it still possible to get accountant certified mortgage?
Hi, I got my last mortgage in 2007 with Northern Rock (RIP!) with certification/validation from my accountant. Is this still possible? I'm self-employed with very irregular payments - don't think they would stand scrutiny I'd like to borrow another 100k or so. Current mortgage is 280k which is about 30% LTV Anyone know if…
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Santander mortgage cashback
Hi, Do Satander offer cashbacks on remortgages? I have looked at MSE Best buy and it shows 250 pounds cashback with free legals. Howvere santander website does not show that Also with your experience when renewing the deals at the end of existing deals who offers the best rates NatWest or Santander? Just thinking ahead who…
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Fixed rate ending but salary much lower now
Morning all. A bit of advice please as I’m starting to worry. I bought my current house in April 2017 and took a 2 year fixed rate mortgage. I paid £177k for the property and at the time was earning £38,000 a year. I also used a small amount of equity from the sale of my previous house. In April this year the fixed term…
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Broker recomendations
Hi all, I am wondering if anybody could recommend a broker for a mortgage, I'm in Swansea and need somebody experienced with potential affordability problems. TIA
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New Mortgage Nerves
Hello, I have researched this forum and there are very similar posts but was hoping someone wouldn't mind offering their opinions on my situation. After 2 years of hard saving me and my partner have managed to save a 10% deposit. We have just had an offer accepted on our dream house with a mortgage in principle in place.…
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AIP with Nationwide questions??
So basically I am going to put an offer in on second house:j and have questions about dealings with Nationwide Due to recent change this time round in circumstances...putting down approx 11k myself and a cash gift of 15k this is pushing my LTV down quite significantly and have a AIP with Nationwide. The only things they…
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Low credit mortgage
My partner and myself have recently been declined a mortgage .My mortgage advisor had advised us to put 15% deposit rather then 10% which is totally doable. My credit score is excellent and my partners is “fair” but he has never had any defaults or ccjs. what is the likely hood I will get a mortgage or should I give up…
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Worried about mortgage offer
Hi guys, I was just wondering what could cause a mortgage offer to be withdrawn as we complete next month? Since my application I told them I had £700 on a credit card and was paying £100 towards it. Since then I used my overdraft to pay it off and to help towards the deposit - I’m current £2500 into my overdraft and have…
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Self Employed with no Credit Card
I'm a single self employed 25 year old, currently living with parents and looking to buy towards the end of 2019. I've never had a credit card and struggling to work out if it's worth getting one to boost my credit score, bearing in mind I hope to buy later this year. My Experian score through MSE is 981 but the 'mortage…
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Santander Mortgage offer with lease extension clause
I made a application with Santander in 03 Dec 2018. It took them almost 4 weeks to decide on the application. I receive my mortgage offer being issued text message from them and was so happy. but when I receive my offer letter there was a clause put in there stating the mortgage will be only release if the lease is to…
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House repossessed yesterday, advice?
Hi, I will try to keep this brief but I am looking for a bit of advice. I own (owned!) a property with my ex husband, I lived there until 2 years ago alone and paid all the bills and mortgage in this time. He happily took over the house and was as far as i knew living there and paying the mortgage, he asked me early last…
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Endowment mis-Selling (1990) with Legal & General Query
Hi guys. I finally need a bit of help on this one, after months and months of to'ing and fro'ing between the Financial Ombudsman, and Legal & General. Long story short. We (2 gay guys) bought a house in 1990 with an "Endowment Policy" (as was common back then) . The policy was for 23 years. It should have matured in 2013,…
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Remortgage delay - who pays?
I had lined up my remortgage to complete the day after my fixed rate deal ended with c. 2 months notice. The new mortgage company (Atom) confirmed they had released funds yesterday (the anticipated day of completion). However as of 5pm today, the funds have not been received by the solicitors and therefore we have not…
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Not able to Re mortgage my property
I have recently been told by my mortgage broker that they were unable to find any mortgage company that would be happy to re mortgage my flat. I have been told that because the building that my flat is located in now has over 85% rented properties that no mortgage company will now take it on. The mortgage companies also…
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Santander deal renewal letter - what would you pick?
As per title really, not sure which deal to go for. Part of me is thinking to pick the 7 year deal to get peace of mind. I'm currently on 4.14% paying £1,135 per month so all of them are far better than what I'm paying now! 2 Year 1.54% £900.55 £999.00 2 Year 1.79% £921.63 £0.00 3 Year 1.89% £930.14 £0.00 5…
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First mortgage questions: Specialist broker? Wait until job starts?
My fianc! and I are looking at buying our first house in about six months, likely at £200-250k. We would have about £10k saved, plus HTB ISA bonus, and our parents are willing to gift us the remaining necessary deposit. I earn £47k at present, but I'm a junior doctor and my training contract expires in July. My next one…
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Requirements for Buy-to-Let and Consent-to-Let
Hi, We are looking at keeping our existing flat and buying a larger (we need more space) flat within the same Victorian house. Speaking to a Mortgage Advisor, we think it will be possible to keep our existing flat by means of having a Consent-to-Let on our existing mortgage. Presumably the consent will be a short term…
