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Buying in the mortgage...
Wales UK My partner has a property with an outstanding mortgage of 65k. The value of the property is 110k. I would like to part own the property with her which will reduce the morgage to 27k !! Because of her 'shady finantial background - ccj etc' I would like the mortgage in my name only and for my partner to keep hold of…
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Pay Off Now Or Offset
Hi I received a large inheritance this year of £75,000 and for the last 2 months has been sat in a current account. I simply don’t know what the best I should do with it. I have a charcoal tracker mortgage based on 0.85% over Bank of England base rate which has 14 years left. I owe £58,000 I am 44 years old. I have £6,000…
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Ltd company & self employment
Hi All, An opportunity has arisen for me to join forces with an ex-colleague as an equal partner in an existing company. This company is profitable and stable so it's a really good opportunity. I will be an equal shareholder, but it is a VAT registered limited company, not a sole trader or partnership. Now my question is…
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Adverse Credit Mortgage
Hi I am wondering if anyone knows of any adverse credit mortgages ( defaults but not CCJ's) available for a mortgage of £100000 property value £125000 2.5x income other than First National ( we are waiting for an offer but keep moving the goal posts) THanks
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Booking Fee Question - Rate Change
We are moving our mortgage at the end of the year to a FD offset mortgage. We had paid a booking fee to secure a rate of 6.19% for a 10 year fixed rate offset, were accepted and have the paperwork to sign and complete The rates have now come down to 5.95%. Can we phone them and get out on the lower rate without having to…
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Best 95% mortgage
Simply as the title says- anyone got any suggestions? With Nationwide at moment and heading to their SVR but if anyone can suggest better than 6.48 then id be much obliged Rep available.,.....
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second property
Me and my partner are looking to purchase a second property, we are currently with Abbey and have a mortgage for 2 thirds of the property value. We are looking at property in uk and overseas, would be better or possble to have one mortgage for the two properties or will it be better to seek a seperate buy to let mortgage?
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are we first time buyers?
or not? we have had some conflicting advice and was hoping somebody on here could clear it up for us please? we did own our own flat in 2003 we had a lloyds tsb mortgage for a 1 bed flat however after finding we were expecting baby no.2 in 2005 we could not afford to buy bigger so sold our flat and have been living in…
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Best £150000 Mortgage?
Dear all, please help! We are buying the flat in for £190 000. However the mortgage is £150 000 and the rest is our deposit. Which bank do you think has the best deal? We are not first time buyers, but We are still a bit lost in all the offers and information... Any help - information is great! Thank you very much! Regards…
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Which mortgage lenders take commission into consideration?
Hi We are coming to an end of our current mortgage deal. My husband has had a career change since we first got our motgage and works in sales. He receives a very small amount as basic pay and a large part of his pay is based on commision. When looking around, I have been advised by one of the lenders that they would only…
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How would a broker be of benefit to me?
In asking this I really don't mean to sound glib. I'm just curious. If I'm looking for a 100k mortgage and can roughly match that with my deposit, I know I want a fixed rate and I know I want a repayment mortgage. Is there any real reason why I would benefit from using the services of a broker?
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How to mortgage the un-mortgable-able
Hi all, I am looking at a massionate with 2 kitchens in requirement of cosmetic touching up, which makes it fail lending criteria for every lender at the moment. My question is kind of two fold: * Is it possible to get a refurb mortgage on this instead of a traditional residential or buy to let? . So idea is, borrow a…
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Mortgage Exit Fee Question
I posted this earlier today on existing thread but there is so much arguing going on there that my post become buried, so I am posting again in the hope that someone will answer. I am hoping to pay back my mortgage early, in December this year. I read Martin's article about checking the exit fee in your existing contract,…
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What are my chances of getting a mortgage?
I'm guessing little to none! But thought I would ask the question anyway. I am bankrupt, discharged in March all being well, so can't really do anything til at least then anyway. However this is only a factfinding mission for now! My income is approx 17k a year, and my OH has a bad credit rating, and is also self employed,…
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Government loans for first time buyers
Can anyone enlighten me as to what these loans that were announced today are all about. there seemes to be a lot of info on the stamp duty increase but not a lot on this. Me and my partner are desperate to buy and earn a combined income of £35K, i am a graduate and a keyworker (however there is no keyworker scheme in the…
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The Suspense Is Killing Me
Motgage with A&L ends in October and they have offered me 5.75% tracker with no fees when the fixed rate ends. ( good deal ) .Whilst at work today Nationwide left a message on answerphone saying they had an offer that " will make me think twice " about the A&L offer.Nationwide said they will post out the new offer they…
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Endowment Policy to mature this month with Phoenix
We have an endowment policy that is due to mature this month. The endowment policy is now with Phoenix and they wrote to us to advise us that it will mature in September and what the projected payout is likely to be. The mortgage for this endowment policy was with the Burnley Building Society in 1983 and was for £12000. We…
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Q re - mortgage LTV and house value...
Hi, we're in the process of buying a repo property. Its asking price is 135k we have had 120k accepted. Property was origionaly put on market in Jan at 155k. We hae a 10% deposit so are lending 108k. Similar property's in the are in good living condition are being marketed around 150k/155k. The one we are buying isnt in a…
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Buying out advice
Hi, I'm posting this on behalf of my friend. Last year she bought a flat with her boyfriend. They have now split up. She wants to buy him out and keep the flat. How does buying out work? What would she have to give him back? They've paid 50:50 on the deposit and all the mortgage repayments so far. They bought the flat for…
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Buying our first home and desperate for advice!!!
My partner and i are hoping to buy our first house together. I have a personal loan of 20k (consolidation of 2 credit cards) that i'm currently paying off and managing overpay each month - at the time of getting the loan i was told i had a v. good credit history. The loan is under control and i'm selling things and getting…
