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Best re-mortgage product? What Mortgage Store have come back with.
This is my first rodeo on the forum, so bear with. My situation is pretty straight forward. I am looking at a 2 year fix and have been advised to stay with Nationwide. The product that I am being advised on: Interest Rate: 3.84% Product Fee: £999. Monthly Payment: £841.19 (if paying product fee upfront) or £846.35 (if…
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Scary read with precise mortgages!
We’ve gone with haysto due to my colourful credit history - they’ve been amazing and put us with precise. accepted DIP and went to application. We then read how they are…. Application went in Tuesday, valuation booked in for 3/6 of the property we’re buying and today already heard back with extra questions. mainly over my…
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Remortage when already retired
Hi. My fixed rate ends on 1st September and looking for best deal for just under 5 years. I'm 70, have present mortgage to 75
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FTB mortgage with two defaults
Afternoon, I am looking to buy a house in Scotland. I'm currently on £33,000 a year but with overtime and commission it is about £43,000. I am 40 and keen to get on the housing ladder. Should I continue to pay off my credit card debt and two defaults at £1,200 a month as I am doing or should I reduce that amount and build…
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What rates could we be looking at?
Looking for some advice if possible…moving house…using equity of approx 110k as deposit on new house 265k…joint earnings 90k with £1500 loan and £200 pm. Partners credit file is squeaky clean but mine has some adverse. 3 defaults all satisfied, most recent registered in 2020. Ccj of £1500 registered in 2020, satisfied in…
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Remortgaging on owned outright property.
Hi All, I am trying to help my son buy a property - he lives in Australia. We own our house outright and have no mortgage. I am wondering if i can remortgage our house on interest only to buy him a place in Oz for which he will pay rent. At the moment he is not in a position to get a mortgage there but should be in the…
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Question for Brokers - Mortgage as Self-Emplyed + Adverse Credit
Hello, I have a couple of questions for any brokers out there, who might be able to shed some light. I'm looking to buy a property in the next few months, but am self-employed and have adverse credit history. I've had AIPs from two high-street lenders, (Halixfax and Nattionwide) but am slightly cautious about how likely…
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Credit card balance transfer and mortgage application
I will be applying for a new mortgage in the next month or so (actually most likely porting my current mortgage but it sounds like all the credit/affordability checks are the same). I also have around £2,800 left to pay off on an 0% interest credit card. The 0% interest period ends in the next week so usually I would…
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What's the forecast/outlook? Mortgage renewal time.
I have to say, you guys gave pretty sound responses (I'll stop short of saying advice) when I needed it on the last renewal. As I don't really know what those 'in-the-know' are best guess predicting going forward, I'm here to just try get some responses on it. To be honest we like to stay with fixed rate, the question…
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Accord mortgages full application
Hi all my broker has submitted a full application today with accord. I have some missed payments on my credit file which were disclosed at AIP stage, however they weren’t showing on any CRA report but TransUnion. Now they are showing on Experian too. I was wondering which CRAs accord use for the hard search? I had a soft…
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Precise Mortgages - how long from application to offer?
Hi all, I've searched for answers to this, but can't find anything recent. If anyone has dealt with Precise recently, I'd appreciate any insight into your timelines? Thanks in advance
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Deshaling and does it effect mortgages?
Hi, I'm looking at buying a property which has been deshaled. Which is new to me,not being from that area. Any of you extremely knowledgeable people know, if it will effect the mortgage ? What documents will they require ? And in future, will it effect the selling of.. Oh,...many thank.👍👍
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Negative equity on an interest only variable rate (due to end soon) plus seperated… help…
My finances are a mess and I just don’t know where to turn to. The property was bought with no deposit (new build) in 2007, we struggled to get a mortgage as my partner at the time had ccjs. We got an interest only variable rate with the view to sell and remortgage after 2 years and move up the ladder but this didn’t…
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Transferring collection of private mortgage payments to a 3rd party to collect
We currently have lent a family member the money to purchase a property. The mortgage agreement has been drawn up with a solicitor. Rather that handle the payments ourselves is there any way we can ask a 3rd party collection service to collect the monthly payments on our behalf? Any advice or help greatly appreciated.
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Mortgage Declined twice
I’m new to MSE hoping someone can help Im separating from my husband and want to buy a house . I’m not on the mortgage so will be a FTB. I earn a good salary and have a good credit history. My mortgage advisor has tried twice and it’s getting declined. The reason saying adverse bureau data My credit card is paid on time,…
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Should my mum use her savings to pay off mortgage?
Hi all and hope someone can help. Thought I’d ask here first for any pointers or perhaps someone has already experienced what I’m about to ask. My elderly mum (93year old) is looking at paying off her existing mortgage and has me to look into it. She has 7 years left on it but has decided now that she’d like to pay it off…
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Calculating ERC
I have a mortgage with Nationwide. Full 25-year period expires November 2034. Current deal is a 5-year fix from Feb 2024 - January 2029 at 3.99%. (Balance at start of fix was about £20300). Current balance is about £13K as a result of lots of overpayments. Currently overpaying £150 a month, working on the basis of…
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Which income will a mortgage lender accept
Hi all, my partner is starting a new job in July, its very well paid but his pay isn't straight forward. He will receive additional payments in addition to his basic pay and my understanding is that lenders do not always accept this. We have a mortgage already, shared ownership. In 5 years we have only paid off £12,000 -…
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Remortgage
So I checked how much I would be to remortgage and I’d only save £12 pounds. I don’t remortgage for 3 years but why has interest rates fallen so much but the rate remains 4.26%? I done the value of my house currently rather than what I paid for it.
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IVA/CCJ/Defaults mortgage
Hello, I’m looking for advice as I have recently cleared my IVA (includes CCJ) and I have been looking at shared ownership properties. I have been told by all the finance companies I have contacted that I have to wait till it’s been cleared for 3-6 years. There must be something out there I can look into. I’m not in a…
