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Any Single people dreaming of buying?
Are there any single people out there like me who arent earning alot that dream of buying a property in the future. How much are the properties you are looking at and how much deposits do you have or are you saving for? Ive just posted on the 'we are saving for a deposit thread' but seems like im such a long way off…
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Mortgage advice needed
Where is best place to look for a mortgage these days ? or even better are there any places that offer comparison of mortgages offered . Im a first time buyer thus I can muster 20-25K in deposit and 2K a month towards repayment. I also have a good paying job. Surely there must be a place that would offer me a mortgage ?
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TAX CREDITS count towards income for mortgage?
I am currently looking for a mortgage for the first time in a long time.I have been speaking to a few lenders and am surprised at the great variations in what they will count towards income .First Direct will not count any tax credits.Abbey were happy to count them all(but the deal wasn't as good)and Hsbc would not count…
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Split Mortgage Problem
Hi all,I am in a mortgage with a friend at the moment but me and my girlfriend have been talking about getting a house together as her current parents home is overcrowded so basically how hard is it to change my mortgage over fully to my friend so that i have no outstanding mortgage agreements in my name. I am with chelsea…
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First time buyer, buying to let
I am living at home with parents and happy to stay there, but have saved about 40k. I would like to buy to let while prices are low. However, I have read that it is now very difficult to get buy to let mortgages, and I imagine this will be even more so given that I am a first time buyer. When I enter my details into…
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Missold endowment penalties
I took Pearl to task over a missold endowment & was awarded £2,400 settlement. The form I had to sign to claim the cheque also cancelled my rights with regard the "Pearl Promise" (guarantees meeting the target amount). There are conditions attached - all of which I meet. My question is: As the fault was originally with…
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Best 85% mortgage
It would appear that there are not many of these currently available on the market. We are looking to move house, we have some equity in our current house but not enough to get above 20% deposit (house are not chaep you know) Any advice would be appreciated.
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Interest Only Mortgages
I’m currently looking at mortgage options and am wondering what peoples thoughts are about interest only mortgages. I already invest heavily in company SIP and SAYE share schemes and am trying to weigh up whether those, coupled with another investment vehicle (a share ISA? - any other suggestions welcome) would be wiser…
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Get into a fix
Mortgage holders urged to fix rates • Experts predict sharp rise in interest rates • First-time buyers offered greater choice of http://www.guardian.co.uk/money/2009/may/08/mortgages-fixed-rate-deals
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For those considering an First Direct offset....
Hi Guys, This may be useful to those that are currently considering which First Direct offset mortgage to go for. I too had this dilemma and will explain what thought process I used to determine which of their three deals I should go for. Ok so the deals available are:- 1. 3.69% variable, based on the lenders SVR, £299…
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Fixed Rate Coming to an End but have Arrears
My two year fixed rate is coming to an end but I am currently in arrears. I missed one payment in feb which I am repaying at £100 extra on my monthly repayment which means my arrears will be paid back by August which is the month my fixed term ends. My question is will I be able to get a deal with another provider while i…
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Fixed term ends in July- when can I put property on market?
If the fixed term on our proerty finishes in July of this year, can we put the property on the market now with an entry date the day after the fixed term ends? Thank you!
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proof of letting for let to buy mortgage
please could you advise, my partner and i are looking to take a mortgage out on a property that we have found but have as yet been unable to sell either of our prospective properties. we have been told that the estimated rental income would cover our existing mortgages and as such those outgoings will be discounted.…
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Co-Ownership
Hi All. Can someone give me a bit more info on co-ownership. Myself and my fiancee hope to apply for a mortgage in the next year and thought this might be the road to go down. Our landlord has offered to sell us the house we currently rent for £175'000 as we dont have a deposit we thought this might be a good idea? Anyone…
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Redemption Statement Help! (Redstone Mortgages)
Hi everyone! I've called Redstone Mortgages and asked them to send me INFORMATION about my early repayment charges. Instead of this I’ve recently received Redemption Statement from Redstone Mortgages. After another phone call to them explaining that I requested only INFORMATION about my early repayment charges, not the…
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Calculating new payment
I was on a 3 year fixed at 4.74% with A&L term 35 years borrowing £158,549 in May 2006, paying £773.96 per month., first payment was 1206.27. They have just written to confirm that as this rate has expired I move on to a tracker reducing the rate to 1.49% from 1 June and a new payment of £501.27. Current balance on…
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Help on Internationals Investing in the UK
Hi, I would like to know as a non-British citizen, is it possible for me to get a mortgage to buy a residential property for a buy to let? Please advise Regards Hm
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Royally Stuffed by the credit crunch.
Hubby earns 45k a year as a contractor. I earn 25-30k self employed. Want to buy a house at 110k putting 35k down. No chance. He's a contractor and has been paying german tax (eu law) for 6 months after paying uk tax for his first 6 months out there ( same employer). No-one will touch him, not the leading contractor…
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transfer of house deeds from mother to son
Hi Five years ago my mother and i purchased her council house under her name through the right to buy scheme. I have paid mortgage and house insurance for this full period as "guarantor". However, i wish to transfer the house deeds to my name with my mothers blessing while she continues to live there, whilst i live in…
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Basic question!
If we have an offer accepted on a house for 115k, the value on the home report is £130k and we need a mortgage of 104k, would that technically make our deposit value £26k even though we would really only need to put 11k down as a deposit in cash? And would the LTV be 80% in this case? Thanks!
