Mortgage chances if previously overdrawn but now debt free with 20% deposit
Hello, I am in the process of applying for my first mortgage. This is with the Halifax and was agreed in principle in January 2013 but I have since had to wait until this month to submit so that I had...
View ArticleFirst time buyers - credit rating woes
Hi there Sorry if this shouldn't be a new thread - excuse the newbie! My partner & I are looking into buying our first home. He has a beyond excellent credit rating, whilst mine is the opposite end...
View ArticleWhat happens to a mortgage when you die?
Hi, can someone tell me what happens to a Mortgage when you die if you have made a will? Is the Mortgage frozen until probate is granted? Also can my Son pay off my Mortgage via bank transfer from his...
View ArticleConfused over fixed or tracker mortgages (are interest rates expected to rise...
I've done a lot of research but i'm still not sure whether I should go for a fixed or tracker mortgage? My understanding is that interest rate are predicted to rise slightly in the next few years (of...
View ArticleRBS consent to let
Hi. Does anyone have experience of obtaining consent to let on mortgages from RBS? I'm about to finish the fixed rate period of my 2 year fix and go on to the standard variable rate. I would like to...
View ArticleBuy-to-let mortgage, any advice?
Hi there everyone, Hope someone can help I'm new to the forum and have a really complicated situation. I have read some guides on here which are great and very informative but can't specifically answer...
View ArticleNationwide Mortgage Issue
Hi there, Myself and my wife currently have a mortgage of £90,000 with Nationwide which has almost 5 years left on current deal at 6.2%. We are also looking to borrow a further £30,000 to consolidate...
View ArticleNationwide Mortgage Advise
Hi there, Myself and my wife currently have a mortgage of £90,000 with Nationwide which has almost 5 years left on current deal at 6.2%. We are also looking to borrow a further £30,000 to consolidate...
View Article% loan to value
Our current mortgage offer is for a 70% loan to value product. What would happen if just before exchange the purchase price changed? Would we have to tell the mortgage company and change product or is...
View ArticleIs my long term endowment plan as bad as it appears ?
Can anyone tell me if this is poor performance or what I should expect from my endowment plan. I took out a 25 year endowment policy to cover my mortgage (of £31,000) back in 1989 paying £41.51 per...
View ArticleMortgage with Poor credit rating
Hi I would really appreciate some advice/guidance on an issue I have. Me and my partner are looking at buying an house together but I'm worried with regards to my Credit Rating. I have two defaults on...
View Articlebuying a relatives house its less than what I owe on my mortage
Morning Im selling my House I owe £95,250 on it at 5.89% APR this runs out in Dec We are buying a house for £85,000 and taking the mortgage with me Do I still have to put a deposit down as it less than...
View ArticleMortgage Advice
Hi, I'm new to the forums and am after some advice, if this is in the wrong section then I apologise, I currently own a house that I paid £85K for in 2008 which is probably just about in negative...
View ArticleValuation change in LTV - better % rate on remortgage?
Hello people. We bought our house in 2010 for £197,000. It was on the market for £225,000 and most houses in the area are valued £220-225k. Can I use this difference when looking at LTV and...
View Article1st Time Buyer Help
Guys, I was wondering if you could help me and answer a few of my questions. I am hoping to purchase my first house soon and there is a few things Im not to sure about. I work offshore and get paid a...
View ArticleUnderperforming Endowment
I have an endowment (jointly with my wife) with 11ys remaining due to pay £100k in 2024. Currently has a surrender value of £33k and am considering us surrendering and paying the lump sum off mortage...
View ArticleAdditional Borrowing
Hi We are coming to the end of our fixed mortgage which will see our interest rate drop from 5.29% to 2% (base rate tracker). Our monthly payments will reduce to £607 from £761. We have £94,000 left to...
View ArticleHow much of an impact does financial associate have on mortgage application?
I have been declined by my lender for a new mortgage despite 7 years of consistent payment, a good credit report of 997/1000 on Experian and 500/600 on Equifax. The reason for decline was 'adverse...
View ArticleValuation Survey - Will the state of decoration affect the valuation?
We have applied for additional borrowing and the surveyor has contacted us to come and do a valuation survey. We are in the middle of decorating some of the rooms of the house i.e. wall paper has been...
View Articlesurrender endowment or keep paying for 1 more year
I have had a surrender value on my with profits endowment plan which is due to mature in 1 year's time. At the moment the value is approx. £32.000 which will pay my mortgage off apart from £700 which I...
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