Mortgage term has ended and I dont have 85% LTV

getmore4less

Agree with others decking can be an issue with upkeep.

For an alternative and easy to remove/replace with turf is gravel/stone in a matrix.

does not move can be walked on and takes furniture.

cheaper than decking or hard standing with decent slabs/stone.

this is an example there are others.
http://www.coregravel.co.uk/products/coregravel-gravel-stabilisation

Thrugelmir

Bighandmo wrote: »

We will be in a much better position in about 12 months time when we have cleared a cc bill - we are currently paying that off at £500 p/m in order to clear it in 10 months.

That's the reason for the decline at the current time.

As for the garden. Double dig it. Hire a skip and remove all the debris and builders trash that's been buried. Dig in loads of manure ( well rotted horse) and it will be transformed. Been there myself some years ago. Well worth the end result.

Bighandmo

Noone at any point has asked about c/c. They want us to pay it off minimum payments of fifty a month. I decided to write that off straight away as its the only thing we owe. In ten months time we will be able to save our first 500 a month. I didn't know if anyone could advise.. Have only ever applied for the current mortgage as first time buyers with Santander- we took it purely as it offeredc5 years fixed

Thrugelmir

Bighandmo wrote: »

Noone at any point has asked about c/c.

Lenders won't. They will factor it into their decision though.

I believe Santander now deduct outstanding unsecured credit when making their underwriting decision as to the amount they will lend. Along with factoring the monthly repayment into affordability.

Bighandmo

Do we need to just accept our lot, stay with Santander on svr and see where we are in a year or two? How long will it take us to reach 85 percent LTV, and are there any providers who would consider ledinv a smaller amount? s the woman said last night: if you wanted 2000 or 4000 you would qualify, but our smallest amount is 5000. She annoyed me even more by saying that less than a year ago the threshold was 90 percent LTV so we would have prob been able to borrow close to 8 if we wanted it and it be added to the mortgage.

Lifes_Grand_Plan

spadoosh wrote: »

They borrowed £112000, that isnt what they will pay back its more likely to be double that.

Thanks for that, I do understand mortgages, just their payments didn't seem to be taking much off the balance.

spadoosh wrote: »

Its heartbreaking looking at your mortgage going down by £30-50 when your paying £500+ a month

Agreed

spadoosh wrote: »

Maybe you see more of an impact because your mortgage is over 7 years old, much smaller capital borrowed and or better rates.

Can't comment on the Op's rate but their capital is similar to mine but mine is LESS than 7 years not more. Like I said above, the reason I see more impact is the overpayments - every month I am paying double the standard minimum payment so hitting the capital much more..... All thanks to MSE