-
Mortgage Lender admits failure to notify with notice of repossession
Hi, My house was repossessed in 2014. I was not living at the address as I had an agreement to let and mortgage lender had my new address details. Put simply, I was in a financial mess and got into arrears. They sent the repossession notice to my old address and therefore I was not made aware of impending court case for…
-
Borderline harassment from lender
Hi all, I purchased a house 12 years ago - at the time my credit record wasn't exemplary and I had to obtain a mortgage from a sub-prime. To this day, I have not missed a single payment (and my credit rating is top - hoorah). Anyway, the original lender sold on the mortgage to another firm quite a few years ago. I bought…
-
Mortgage with Satisfied CCJ.
Hey guys! I've just reserved a new build property, which all came out of nowhere really as I was building up my credit due to a reckless past with money! I've had an AIP with Halifax a few weeks back which helped ease my mind, but the more I read threads the more I'm worrying about this - so maybe some good news stories…
-
Do Santander do 2 credit checks?
Hi, we have recently had a mortgage which has been approved by Santander, and are currently waiting on some answers back from the vendors before we can exchange. I have heard that mortgage companies do another credit check before exchange/completion? Is this true? I was just wondering, as this process has taken a lot…
-
80 year old - mortgage options - equity release
Hi Guys I was hoping for some advice for my father-in-law. He is 80 and currently had £75k outstanding on an interest only mortgage. He pays around £400pm. His rate is 4.99% The house is worth around £360k. They want to downsize in a couple of years but in the meantime wanted to switch deals if possible. A mortgage broker…
-
What would you do?
Just got my full mortgage offer through:beer: At the start of the process I opted for a 2 year fix at 2.34% However the 5 year fix appeals to me in that I don't need to worry about rates over the next few years. It is also very unlikely that I would want to move house in the next 5 years. The only issue with the 5 year fix…
-
Will house valuation during remortgage have any effects when I sell in a couple of years?
I am in the process of remortgaging my place. The valuation was done recently and I have just received the mortgage offer for the amount I was looking for. The only concern I have is that the property value in the offer is a considerably less than what I thought it should be (based on my research and valuation by two…
-
Right to Buy Mortgage
Hi All, The RTB states that my mum (tenant) can buy her council home with up to three family members providing they have lived in the same residence for a period of 12 months. I am the only one who has lived with my mum for the past 4 years. Just to confirm, I am not a tenant. My mum is the tenant and I am the 'Family…
-
What do mortgage lenders look for?
Hi, I’m due to give up my rented flat to use the money to clear my £5000 debts over the next 12 months. Different friends have been good enough to put me up for a year while this happens. In 18 months I’ll be debt free/credit file restored and will have saved the deposit for a house with my girlfriend. Question is,…
-
A silly question?
So... I have received my formal mortgage offer in post (Hoorayyy!!) I thought I would need to sign and return but at the back the papers where there are dots to be signed, they say “copy-please do not sign and return”. So do I not need to return them? I just don’t get how I accept it as it says I have 10 days. My solicitor…
-
Inheriting house mortgage
Hi all, My father may be giving me my grandparents home (my inheritance) early so I can live in it. The thing is, it has been left for the past 8 years with no one living in it and now it is run down and will need a massive renovation (Including installing central heating and removing lead pipes). I'm looking for advice on…
-
To 100 and beyond… now you can get a mortgage that lasts until you die
Have you imagined reaching the age of 100? Quite possibly. But could you imagine still paying off a mortgage worth tens or hundreds of thousands as a centenarian? Possibly not, though if it crosses your mind then seriously consider whether you should, as there are risks. Read the full blog: To 100 and beyond… now you can…
-
Mortgage based on NET household income ??
Anyone please know of mortgage companies that will lend based on actual income received and not assume its gross ?
-
Santander FTB - Next Steps
Hi All, Initially the AIP was from HALIFAX and lender MA opted for Santander at the end. We are first time buyers , MA submitted application on Friday April 12, 2019 and we received an email and text message in afternoon. In the email we have received a reference number starting with AA******* but can not check the…
-
Proof of deposit
Hi I have been saving since January, only really small amounts but last month a much larger amount - I am buying a new Build and the developer has agreed to me paying the exchange deposit upon completion rather than at exchange of contracts. The mortgage provider will want proof of deposit build up. I’m only half way to my…
-
Is Sub-Prime our only option?
My partner and I are looking to move but will need a joint mortgage to do so. Current house is in partners name only as he bought it before we met, it has equity of £100k and we would be looking at a new property around £300k We have a joint income of around £80k basic, however where my partner used to earn the lions…
-
Help - End of term
HELP NEEDED - The term of my mortgage has ended and was linked to an endownment which because of the bad payout I used to pay off a second mortgage and loan I had for an extension to my house. I have just over 35K left to pay off. I am 58 and currently unemployed and don't know what to do. I have a pension with a previous…
-
Halifax Offer online valuation
Hi, just received mortgage offer from Halifax really quick and efficient service. They never did an actual valuation on property they said it was online, is this normal? One week from application to offer, it is 65ltv though.
-
Can I remortgage to finance new property with adverse credit?
Hi all, I’m about to use all my savings towards a deposit to buy a property with bad rates due to my credit. The property is not exactly what I want but to get on the property ladder it’s what I’ll need to do. In 2 years time when my bad credit would have dropped off my credit file will I be able to remortgage to claim…
-
Purchase price lower than valuation- ? Mortgage advice.
Hi all Following on from a thread about whether my young daughter should buy her first property in the house buying forum. She has decided to go for it & I'm now figuring out what to advise her mortgage wise (hence new thread in Mortgage forum). Situation is: Daughter - (19yrs old) Salary - £20800 No debts House in…
