-
Unauthorised Overdraft and Mortgage Application
Hello, Just wanting some advice - I am in the process of selling my house (co-owned with my soon to be ex husband), and once I get the proceeds from the sale, I'll be using some of the money to pay off debts (overdraft, 2 CCs and a finance sofa) and then using some more to get a new mortgage on another house. In the past 3…
-
Using one property as security for another
Hi, Can anyone tell me if this is possible... I own two properties with significant mortgages on them. Property A is worth around £750,000 with a mortgage of £400,000 - this is where I live. Property B is worth around £670,000 with a mortgage of £400,000 - rented out on a BTL mortgage. The value of the two properties is…
-
Remortgage and missing credit card payment
Hello, I’m new to the forum and looking for advice. I have missed two credit card payments during the last 12 months due to having a baby early and completely not thinking about bills. They were £30 each and both over 30 days. I have since paid the whole credit card off but I know it will reflect on my credit score. We are…
-
Ccj
Hello all, I have just moved into a new property and am very happy. My friend on the other hand will be starting the mortgage process soon. About 3 years ago she was given a CCJ, the amount of the CCJ was in the region of £2k. At the time she also had credit card debt that maxed them out as she hit a fairly difficult time.…
-
Change in circumstances before mortgage completion
[FONT="]All,[/FONT] [FONT="] [/FONT] [FONT="]I appreciate there are similar threads but didn't get exactly what I wanted. [/FONT] [FONT="]In other threads people have been switching jobs. In my case I am an IT contractor with a limited company with solid 3 years accounts. However have been out of contract…
-
Dad wants to sign house over
Hi everyone, I am new to this site and this is my first post so apologies if i have the wrong thread. Basically, my wife and i want to buy my dads house. He currently rents it out and he lives in a bungalow. The mortgage is paid off. He is 73 and luckily is fit as a fiddle! It was always been the plan that i would buy it.…
-
Applying for Mortgage during an IVA
(This is something that would also fit over on the IVA board so I will post there also.) My wife and I are currently about 2.5 years into our IVA. We have been fortunate enough that a third party individual has offered us a private loan equal to the cost of a mortgage deposit. My brief research tells me that there is…
-
Missed deadline to switch to competitive deal
My five year fixed rate mortgage is due to expire at the end of this month (well it has been 4 years and 8 months actually). I called Bank of Ireland at the beginning of the month and they said let us know by the end of the month if you want to switch to another deal. I called them on Monday and I was told that the…
-
Mortgage - Title and plan related delay
Hello everyone, I ended up looking for advice on this forum because of the situation me and my partner found ourself in. We are FTB and all this is very new to us. We viewed the house twice in October 2018, placed an offer and luckily it got accepted. The next day we went to the agency to drop off all our paperwork and…
-
mortgage and bank statements
Hi guys, Looking to take out a concessionary purchase mortgage in the next couple of months. I have a Main current account with Barclays and also 4 other accounts i hardly use. Would the Lenders require bank statements for my 4 other accounts aswell as my Main current account? Regards
-
Would lender frown on contributing to s&s is a whilst remortgaging to consolidate debt?
Hi Everyone, Remortgage time approaching, I'm considering consolidating the wedding loan I will have at the time, for a lower rate, realising that I am adding risk by securing the debt, but its OK because i'll still be less than 40% LTV, and I only have (cheap) debt because of a one off life event I don't want to stop s&s…
-
How far to stretch myself advice
I know this question is fraught with personal circumstances but I'm unsure how far to stretch myself in a house purchase. I am 39, divorced, and saved £26k in total for a house deposit which has taken several years to achieve. I am currently renting, on my own as no new partner in the frame. I have a £6k credit card debt…
-
Applying for a mortgage in a different location
Hi all Wonder if anyone can give me some advice? Me and my partner currently live in Bristol where I have a mortgage on a house. The long-term plan is to move back up north as my partner want so to live near her family. Would my partner be able to apply for a mortgage up north even though we are currently living in the…
-
Natwest Submitted Full Mortgage
Miss impatient strikes again! Submitted our full app yesterday with Nat west via broker. I wonder when we will hear something back like an update etc. Would it be crazy to think we might hear something back this week?
-
Can I buy - Realistically?
Hello all, I am a first-time buyer who, on the face of things could be in a position to buy, however, my own calculations, mortgage advisors, Agreement in Principles etc have come back very confusing. Perhaps somebody here has the knowledge to give me a better idea. So here's the situation: Looking to get on the ladder, my…
-
barclays mortgage time scale??
Anyone had a recent mortgage application with Barclays? What is the current time scale?
-
Llyods Lend A Hand Mortgage
Hello I've got an appointment at my local branch tomorrow for their Lend A Hand Mortgage. My parents have kindly offered to put £15,000 in to the savings account so that I can apply. The only thing is I'm absolutely terrified! I had credit issues in the past, and entered a DMP. All that is now paid off and there is no…
-
Remortage on Owned House Stepfather Lives In Rent Free
Can anyone help or point me in the right direction please. When my mum died, all of her estate was left to me. The house ownership became mine too and a proviso that my stepfather could live there rent free. I am now in a situation of wanting to set up my own company but need capital. I am having real difficulty…
-
Remortgaging -long term sick but income insured
Hi, I am new to these forums and wondered if anyone could give me some advice. I am a medical practitioner and recently had to undergo brain surgery for a long term condition. Long story short I now have some cognitive difficulties making it hard to do my job properly. It is only 4 months post surgery but it looks likely…
-
ERC on Offset Mortgage
If I took out a mortgage for £150k , and had £50k in offset savings, I believe my interest would be calculated on the difference = £100k But what would happen if I needed to redeem within the Early Repayment Charge period (2% in first 12 months, which is highly unlikely, or 1% in months 12-24 which could happen). Is that…
