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Are companies like L&C or Habito good for adverse credit applications
As per the title. We are in a better financial state than a year ago and would like to find out if we could remortgage or move now. Do companies on the MSE Broker list like L&C work ok with adverse credit applications?
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Does portaging save you money?
Hello all, I’m soon coming off my fixed rate (next 5 months) and have some questions about looking for a new provider. Should I stick with my existing mortgage and fix it for another 2 years, or does remortgaging actually save you money considering that interest is front-loaded over the principle in the earlier term of the…
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Have I been mis sold my mortgage?
Newbie here so please bare with me...I bought a small property next to a care home and belonging to it that I was MD of in 2002 and got plans to extend it. I got a 110k mortgage from Barclays to start the work in 2005 then in 2006 got my full mortgage of 300k. At this time Barclays valued my completed property at 650k.…
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Own New Mortgages
Has anyone taken out an Own New Rate Reducer Mortgage and if so what was your experience? It seems like an absolute no brainer with the current market mortgage rates and I was surprised to find it has not been covered yet by Martin or anyone at MSE. For those wondering what it is, when you buy a new build house from…
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Lost Endowment Policy
When I bought my first house in 1985 with my then fiancé we took out an endowment mortgage. 6 years later when we split up I re-mortgaged the house with a repayment mortgage but never cashed in the endowment. I did however stop payments to it. I no longer have any of the documentation, have checked with the solicitor who…
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Cash advance credit card before mortgage
Hello I need some advice please and hopefully no judgement. I used my credit card through PayPal to send £4000 to a friend of mine over 6 different payments as I was purchasing several items from him for my business. Little did I realise but Barclays classed these is a “cash like” transaction and charged me fees and marked…
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No more fix as the end is nigh!
My fixed rate ends July of this year and I've taken advantage over the last 2 years of making the full 10% overpayment. I will have 4 years remaining. Bank have now written to reduce my payments so I remain in the 4 years to pay it back. Nice to have that extra money but even nicer to have the whole amount to play with…
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Kensington
Second lot of questions from Kensington Mortgages, nothing sinister.. asking for proof of deposit and confirmation of freehold… however they have asked about childcare costs and for current landlords details. Anyone with experience of why they want the above? They have also put on last point ; Additional Information -…
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Parents remortgaging issue
I’ll try and keep this short. My parents (aged 67 and 70, neither work) need to remortgage and are unable to find a lender willing to borrow them enough as they say their income isn’t high enough. They are short by about 35-40k. Several years ago they had to move to an interest only mortgage due to a change in income,…
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Libor mortgage
I had a mortgage directly linked to the Libor rate. Will there be any compensation for the rate rising out of control now it's being investigated
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Remortgage / Partner Buyout
We have a court order according to which family home will be on my partners name upon releasing me from mortgage and payment of some lumpsum to me. Now he wants to remortgage home which will automatically remove me from the existing mortgage but I guess remortgage is only possible after house deed on his name? so his…
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Completion day disaster
Hi Everyone, I am just wondering if anyone has ever been through the same situation that we are currently going through. We have recently moved into a new property. We were in a chain of 8 houses and we were second from the bottom in the chain. Our solicitor requested our mortgage funds to be in their account the day…
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Buying parent's house - rules around occupancy/rent
My parents are separating (ages 77 and 74). The plan is for my mum to stay in the family home, which is owned out-right with no mortgage. The circumstances of the separation are extremely acrimonious and our father will effectively be estranged from the family following this. He needs to release some money to buy a new…
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Fix for 2 years or 5 years
Hello, Looking to buy a home for 325,000 with 230K deposit; first-time buyer. Mortgage advisor says a 2 year fixed is higher interest than a 5-year - which is usually the other way around, but suggests lenders are confident that rates will be lower than the rate offered. however, this is just a 'prediction'. I am not sure…
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Would one late credit card payment affect chances of getting a mortgage?
My partner and I are looking to buy our first home. We were checking our credit reports yesterday and found that my partner had one credit blip 2 years ago where they made a late credit card payment (~£30). This is the only mark on their credit report, and their credit score is currently excellent. I don't have any blips…
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Mortgage break - is it worth it?
Hi - and thanks for reading. I have a mortgage split in 2 parts. 1. £260k Fixed @ 2.1% until Sept 26 (repayment is approx £1.2k per month) 2. £77k Fixed @ 2.7% until July 24 (repayment is approx £350 per month) (New 2yr fix rate secured @ 4.9% already, will choose lower rate if available at time of renewal) Recently I've…
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Changing mortgages terms
Last year and this year I have made mortgage overpayments of just under 10%. My next mortgage renewal is July 2025. I got a letter from Halifax saying they are reducing my monthly payments by about £70. I phoned to say I don't want that and they say I have to have a mortgage review to reduce my terms. My term is 11 years…
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Electric T junction and need a mortgage
I really hope someone can help, I have rented my home for 15 years from an housing association after I sold them mine as I was in the middle of a new estate they wanted to build, I then rented off them but they knew I wanted to buy this house.I am now in a position I can get the right to acquire from them. The house value…
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Chances of Accord Mortgage with adverse credit?
Hi, I’m just wondering if people can share their experiences with Accord if they’ve had adverse credit? Thanks!
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Staircasing Nightmare
Good afternoon, We're currently in the process of staircasing from 35% to 70% ownership and I'm unfortunately at my wit's end. Out fixed term rate ends in August, so we approached a mortgage broker (Tembo) on 14th February. By early March they had obtained us a decision in principal with Skipton. Since then we have: - Had…
