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TSB to still honour ERC redemption?
Hi Back in May 2018, i telephoned TSB to enquire about additional borrowing on my mortgage or moving home, I can’t quite remember. Due to computer problems, TSB told me that they could not offer any more borrowing and so they would waiver the ERC if I remortgaged with another bank. I asked specifically on the phone if that…
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Mortgage offer much lower than needed due to discrepancy in level of debt
Hi all, Hoping that someone will have some good advice for the problem we're facing. Basically following valuation last week our mortgage lender has come back to say that the maximum they could lend us is £36k lower than what we need, and the reason is: 'The level of debt brought up on the credit search is significantly…
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Paying off your mortgage
I have been good. My wife and I have been saving, and paying our mortgage, and now have the same amount of cash as the mortgage value (plus some extra spare) Being nearly 50, the thought of being mortgage free opens up more freedoms and interest on saving will be low compared to the 3.4% on my mortgage. Here's the weird…
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Re-mortgage time… but a worsened credit profile
Hi Was on here 2 years ago…. And with the great advice managed
to get a mortgage. Now I’m back… as it was a 2 year deal. And will be due in 4 months’
time. During the last 2 years, we have taken a few loans for a
car, and house updates, etc. Also, have managed to max out our credit cards
too! This now means that our credit…
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Mortgage - bad credit
Hello! So looking for advice. Despite my credit score showing as ‘excellent’ through Experian, I have what I would describe as a poor credit history - I got into debt about 4 years ago and sorted this 12 months ago through help from family. Up until last year I used payday loans (5 loans, all settled now (last one settles…
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Interest
Hi
there, My
husband and I purchased our first house in 2017, and got a mortgage from
Halifax. As well as our own deposit, there were Help to Buy Funds that helped
us secure the house that we wanted, meaning that our mortgage started at £156k
including fees. Our
Halifax deal was for 2 years, and was based on us paying for…
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HELP IM CONFUSED??
Hello so I’ve recently applied for a mortgage via a broker, I’ve got good credit and have only been in my job for 4 months as I had been out of the country for the last 2 year prior. so I get my decision in principle and am awaiting the rest of the process before I suddenly get an email from my broker saying “ after…
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Shared ownership property
Me and my husband both work, and have a shared ownership property but only have 25% share and the housing association own the rest, not in a financial position to buy the rest of the house off, and only got 15 years left before we retire, how do we buy the rest of our house off, is there an insurance policy that would do…
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Mortgage arrangement fee
My mortgage broker recommended I add the arrangement fee (£999) to my mortgage as a security in case anything went wrong with the remortgage I wouldn’t lose my fee. They said I could pay this immediately within the first 14 days. I’ve phoned my new lender to pay the fee and they said I can pay it but it counts as a…
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FTB Joint Mortgage - Mixed credit profiles
Hi everyone, Hoping to get a little bit of advice regarding applying for a mortgage. We are married with 4 children aged 4-16. I'm 41 and she is 33. She has an impeccable financial record, never missed a payment on anything in her life and earns approximately £26,000. I earn £33,000. There will be smallish salary increases…
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Halifax hard search credit file
Hi we got our AIP last week not submitted out full app yet but today in the other searches section on Equifax report a halifax mortgage opt in is showing, I believe this is the hard search section as hard searches done at my previous address are in this box and soft searches are in the credit searches section . Can someone…
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Mortgage Current Accounts?
My mum is due to finish paying off her mortgage in December 2022 but has just told me that she's got a Mortgage Current Account with £7,500 that the bank have told her she has to pay off before that time, and she has already started receiving letters asking how she intends to pay off the balance. The mortgage itself is…
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New mortgage for a pensioner
I am 65 years old with state pension and civil service pension totalling £18k p.a. what is the likelihood of me obtaining a £75k repayment mortgage on a house OH and I own outright worth about £260k. OH has pension income of around £13k and we have perfect credit history. what % mortgage rate might we have to pay, do you…
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TSB mortgage- what are my chances?
Hi! So we've applied for a mortgage through tsb via a broker. Theyve instructed a valuation for monday 2nd. Nothing has changed since we got the DIP, we applied a couple of hours after we received the DIP. How likely are we to get it? Im so nervous about it all. Dont want to instruct solicitor until we have the offer. Any…
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Remortgage on a shared ownership
Hi all Asking for a friend. They own 50% of a property valued at £350k (the value of the entire property. Their mortgage deal is up soon and they have around £88,000 outstanding. When doing a remortgage, can they just throw in the above stats into a comparison site or are their specific products when remortgaging on a…
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Mortgage application
Hi Everyone, recently my partner and I submitted our mortgage application with Halifax. We completed AIP (offered up to 270k) in early Feb at which point I declared my not so glittering credit history (CCJ and multiple defaults all 3-4 years old and fully settled), my partners history is spotless and since then I've had no…
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End of Fixed Rate
Hi All, Might seem like a silly question but I don't know the answer and this seems like the obvious place to ask. My mortgage rate ends tomorrow (2nd) and I'm currently in the process of remortgaging to another lender. My question is, my mortgage payment that goes out tomorrow (due on 1st of the month, today), will it be…
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Halifax mortgage DIP decline
Hi all Im sorry if this is in the wrong place. We are currently with Halifax on our home, we have reserved a new build around 3 weeks ago and are dealing with a broker who the builder recommended. Now my issue is we have tried to apply for a DIP with Halifax and this has declined via mortgage broker but i had been intouch…
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Please help us with mortgage advice for poor credit applicants
Throwaway account for privacy. Hoping someone can help. My wife and I are both self-employed and have relatively low incomes (£30k ish combined). We also have pretty poor credit histories due to both being a bit crap with money. We have two children. At the end of last month we had two CCJs registered against us. One for…
