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Moved: repossession and secured loan
This discussion has been moved.
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Raising temporary finance against a mortgage free house
My daughter and her husband are looking to buy a property with a substantial £350,000 deposit. However in order to have their offer accepted as ‘cash free’ buyers, they are £60,000 short of that deposit figure. This is because they will in fact need to sell an existing property in order to release the £100,000 equity in…
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Help with potential vet bill
Long story but due to looking after my elderly mum 24hrs a day I have not worked for quite a while. My wife wages have just about covered the bills and I have managed to pick some part-time work up We were just keeping our head above water when our dog developed cruciate ligament injury. We understand from the vet it can…
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Loan Anxiety
Hello My car died on me on Thursday, and is a write off. I have found a really good second hand car, and agreed a deal with the seller, so went home and I applied for a £4,000 loan with Tesco Bank. I did a search on one of the comparison websites and it said 95% likelihood being approved by Tesco, so was expecting it to be…
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Early repayment
I’ve taken out a personal loan for a car. I budget £200 a month for the repayment, but the actual DD is £187. Should I set up a standing order to pay the extra £13 a month or pay off lump sums, say £50 every few months… loan rate 2.8% - would it make a massive difference either way? Thanks
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Document requests
Hi all As executor of my late father's estate I'm having to contact various institutions for documentation relating to accounts he has held. Very often their response is that they will get back to me "in due course". How long should I reasonably expect to wait for said documents to be sent? And, if they are appearing to…
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Write off Student Loans
I have a student loan which was taken out in 93, 94, 95, 96. I have always deferred. On this website it says it should be written off this year. I can't find that information anywhere else. Will the SLC tell me it has been written off or do I have to apply?
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Mortgage free, cheaper personal loan rates?
Hi forum , at long last I'm almost mortgage-free. It took me longer than it should have due to being in an endowment type for the first 15ish years before managing to switch to repayment, which took me to a 30ish years overall mortgage. Only blot in my finances is about £18k outstanding on credit cards, mostly spending on…
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Lendable - payday loans?
My husband took out a loan from lendable last year, all fine and we've managed to pay it off in full & early. We enquired about a mortgage with someone at Barclays who looked at our credit files - they've said we can't get any credit for 12 months as Lendable are classed as high rate loans... and described them as a payday…
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Cleared Car Finance But Need Another Loan
Hi I've have just sold my car and cleared the outstanding finance in full. I have been lucky enough to have made a profit on the sale so have a bit of money left over. However I will still need to apply for another small loan to purchase my next car. How long will I need to wait to apply for another loan so that the lender…
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best home improvements loans
I recently bought a house 4 bed detach and I would like to make some improvement to the house. A top to bottom improvement which I believe will cost me around £70k ( transform the conservatory into extension, take down the wall between kitchen and diner and create an open space kitchen-diner, change all flooring, change…
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Bounce back loan advice
I am filling my self assessment form and am unsure where to declare the bounce back loan amount? Is it business income?
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Mortgage application with payday loans
Hi everyone, Around 10 months ago I took out a loan of £2000 with likely loans. Then 3 months later I opened a credit line with Drafty, of which I used £400. I have paid and closed my Drafty account and have 2 months left on my likely loans repayments then that will be settled. Do you know if these loans are automatically…
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Understanding Student Finance Monthly Interest Rates
Hi I am trying to understand how my monthly interest rate has been calculated below is a example of 2 months where interest has been added: Please view in web view to see below more clearly: Date Transaction Description Debit (£) Credit (£) 06/04/2018 Opening balance 33010.84 0 30/04/2018 Interest 3.10% 95.95 0 31/05/2018…
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Personal loan after mortgage completion
I’ve recently purchased my first house, and some unexpected additional costs have come up so I’ve been looking into getting a personal loan. I’m not yet living at the property (and won’t be for a little while yet, I’m still at home with parents), and the APR and interest rate on the loan I’m mid-way through applying for…
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Is this possible
Hi all looking for advice… I have not been working for past 5/6 years as I ended up caring for my mum.. she has now past away and I have been left with a house worth £330000.. I have seen a campsite and country pub for sale with a turn over of £350000 per year for £900000 .. I have a poor credit score is it possible for me…
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Ex-partner stopped paying joint loan
My ex-partner and I had agreed he would pay his half of the loan payment into my account each monthly until the loan balance was paid off. He has stopped these payments and I can't get in touch with him any more. The bank have said there is basically nothing they can do. What do I do?
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Multiple Cash Withdrawals Showing On Bank Statement Applying For Loan
Good afternoon, I'm just looking for some advice, I currently have a case with the Financial Ombudsman due to Unaffordable Lending claim against a loan company. This loan company requested to look at bank statements prior to issuing the loan. At the time of me getting the loan and the reason for getting the loan was…
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Martin: Student loan costs may rise £400/yr
Martin Lewis has AGAIN warned the Government against possible retrospective changes to the terms and conditions of existing student loan contracts. In a new video, the MoneySavingExpert.com founder responds to reports of a possible shake-up to student loans, which could see the earnings threshold you start repaying at cut,…
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Unsecured Borrowing Lending Criteria
Hi guys, I am curious to understand a bit more about banks and their lending criteria. I understand that debt to income % amounts are very important but I suspect there maybe a total borrowing to yearly income ratio with banks? in theory I should be able to lend a substantial amount of money based on the traditional debt…