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Mortgage with default on credit file
Hi wondering if anyone can help me, me and oh found a house we want as part of the shared ownership scheme we will be going for £50 so require a £70000 mortgage we have deposit sorted. He has a high credit score with no issues I however have a very poor one as when I was 18 I stupidly couldn’t pay my phone contract and…
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First Mortgage but Partners Second - Help
Hello, As I've said in the title this is our situation and I didn't realise it was any potential problem. The other day my partner rang her bank and asked about us going for a mortgage and they said we would need a 20% deposit due to it being a second mortgage. No chance that is happening with the properties we have priced…
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Shortfall on Endowment Mortgage
My endowment is almost mature and my mortgage ends in July. I will be about £10-12,000 short and Im not sure how to approach this. Wondered if it would be best to get a loan or try to extend the mortgage, I'm 63.
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Help to Buy
Hello, Can anybody help me out with help to buy? I know the current scheme closes/changes,next March, but my question is do I need to be completed by the close of the scheme or can I apply for it upto its closure, meaning i complete after its closed Any help appreciated -)
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Mortgage affordability - overtime
Hello, As the title suggests, we are looking to buy a house but are not sure whether we can afford to buy where we live as the area is so expensive. We've always done overtime at work to boost our income. My question is: would we be able to get a mortgage with a high street lender of around £275k - 280k? Would our overtime…
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Mortgage and poor credit, with easily solveable debt
Hello, I have a short combined debt total on 2 credit cards totalling £600 - something I plan to pay off in full this month. I also have an overdraft (interest free) of 1,500. My credit score isn't the best at the moment, mostly because of a combined balance being more than 90% usage. But I do have the means to completely…
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Applying for mortgage with credit card debt
HI guys, So nearly there with a deposit to get back on the property ladder and i know it's best to clear all debts before hand but just wondering what way lenders look at it if you have debt on a credit card? Ideally i would like to have it all paid off before hand but also really looking to stop renting and get back on…
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Getting Mortgage ready
Hi Guys, So i'm nearly at the stage of getting mortgage ready, deposit more or less there and sorry if i've missed it somewhere, but wanted to ask is it worth while tidying up my direct debts? I'm at the stage of starting to look at property and should be happy enough to start making offers in the next 3 months, but is it…
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Changing mortgage to a different provider.
Asking obo my son. Do you have to go through all the legal things if you change to a different provider, like you do if you are re-mortgaging?
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Bad credit - better chance with my own bank/BS?
I’m hoping to get a mortgage (am 1st time buyer) in a year or so as have been offered some family help. I might be able to get a 10% deposit together, maybe 15% at a stretch. for ages I’ve thought I’d never be in this position, so any advice people can offer would be really appreciated. I’ve got a 2.5 year old default…
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Help!!! I’m so confused...
I bought my flat ( cash purchase) in 2011 with the help of my parents as I was unable to get a mortgage myself at the time. On the deeds we own half each but anything above what we paid will be mine. I am wanting to move and get a mortgage but I am so confused- would I be classed as a first time buyer as I’ve never had a…
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Mortgage advice...
Hi folks. We have started looking for a new home, upsizing. We potentially have between £31000 to £40000 equity in our current home based on sales over the last 4 months. We have done a couple of mortgage AIP with high street banks all doing soft searches we could borrow anything between £105000 and £147000 based on our…
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Case of Miselling of Mortgage Renewals
I imagine this has been raised before but just in case it hasn't. So, the 2 years fixed rate was coming to end in April 2020. Bank wrote a letter around Christmas offering to fix the rate for further 2 years. In fact, I was offered the benefit to switch to a lower rate earlier than April to lock the lower rate. However,…
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Mortgage Application.
Hi! I am a first time buyer I've gone through a broker to get an AIP..I have made an offer on a property and it's been accepted. Tomorrow I'm making my full application but yet my electoral roll hasn't been updated I've spoken to Experian and they've said they have been waiting for the council to send them the information…
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Mortgage - Occupier
Hi all I’m new to this! I’m really hoping somebody can help me... I’m currently going through the process of getting a shared ownership property I applied for a mortgage and was given an offer, a few days later I received a form with various questions and one was who will occupy the property other than yourself so I put my…
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Mortgage redemption fee.
Situation not mine but someone I know. Only parent died leaving a house to an only child. However the house still had a mortgage and they had no life insurance. The child is in a position to pay the rest of the mortgage off at once not continue the mortgage. The mortgage left is only about 30k and they dont want to take a…
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Most effective way to purchase a house
Good evening all, I'm new here, so please do excuse any newbie mistakes. My partner and I (not married) find ourselves in an interesting position and I would like to see what is the most effective way for us to buy a house. I am 40 earning about 53K and my partner is 46 earning about 27K. I do appreciate that none of the…
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Linked address - problem?
Hi I could really do with some help/advice. I am applying for a mortgage for a property I have seen (new build) via a broker - I am a first time buyer. Now last year I applied for an AIP via a different broker when I saw a property I was interested in and didn’t end up going with. This AIP was originally rejected when I…
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High Deposit Low Income
Hi, I have just sent my application for mortgage with skipton through a broker and am waiting to see what happens. I just want to ask from some experienced members what are my chances. Deposit is £420,000 (through inheritance) Mortgage applied for is £105,000 over 30 years. It is a joint application with me and my wife. We…
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Underwriters
Hi, We are in the final stages of getting my house. The bank have ran their final credit check and as it has gone down 17 points i have been referred to an underwriter. The bank said i have gone to a category b not an a. I have no idea what this means or if i can do anything to save this mortgage 😔
