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Will i get my mortgage? So worried i won't :o(
I have applied for a mortgage for the house i have put an offer on. The mortgage was agreed in principle and everything is going through at the moment. I sent off my wage slips etc on Friday. The problem is a large chunk of my wages is made up with overtime. I earn £21000 Basic and upwards of £14000 extra for overtime. I…
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End of fixed rate and renting out flat
I have a couple of questions to do with my mortgage. My partner has been offered a job abroad so we'd like to rent our flat out for a year. If we do go abroad money is tight so we are trying to work out if we can afford it as rental prices in our area are considerably less than my current monthly mortgage payment. I notice…
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OverPayment Calculator
All, I am starting to make regular OP's on my SVR with Alliance and Lester, the amount will differ from month to month, so I was going to put the money into an account and every 3 months back off a lump sum. My question is that I would like to track this and see how my payments are having a positive effect on the mortgage,…
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Mortgage Still Available?
Hi all :beer: I've currently been accepted for a mortgage with Alliance and Leicester. Having looked around, I spotted another 3year deal which would suit me (still with the A&L, as the property I am looking at has passed the valuation survey with them - so I prefer to stay with them). I am after a 75% ltv deal, on a 3…
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Paying off the endowment element of mortgage
We are aiming (by cashing in endowments, premium bonds and ISAs) to pay off our mortgage over the next few months. We have been overpaying on our fixed rate mortgage and now owe around £85,000. The fixed rate ends at the end of September 09. The mortgage is part endowment, part repayment. I am presuming that once we go…
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Best time to exchange/complete.....
Im hoping to exchange and complete around the end of August. I have opted to pay my mortgage on the 5th of every month,the mortgage lender will take the money out of my bank account on the 01st of every month. Question is, if i complete on the 3rd say, will i pay two months mortgage on the 05th the next month?
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Pay off debts before mortgage application?
My Brother-in law is in a dilema. He wants to move house and requires a mortgage. He has £10,000 of debts and wants to know whether it is better to pay off the debts before the mortgage application or whether he will be accepted for the mortgage with the condition the debts will be paid off. He is reluctant to use the…
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Overpaying my mortgage
Hi I just wanted some advice please about paying extra on my mortgage. I have never paid extra on my mortgage and i wondered how you do this. Does it have to be a set amount each month? Or can i just pay when i can afford to? Also i'm on a fixed rate so i assume my monthly payments will stay the same if i start paying…
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Mortgage for self employed??? First time buyer
Hi everyone. Myself and my partner are thinking of buying our first house within the next year or 2. I am self employed and have been for 2 years. I am totally confused on how I should go about getting a mortgage. My partner is in a part time job at the min while studying. If I go to a mortgage broker will they look for 2…
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3rd Mortgage
my husband and I currently have two properties, one which we rent out and the other we live in. We have applied to a bank for a mortgage in principle if we were to sell our lived in property and continue to rent the other. The bank have agreed this. But when we asked about the possibility of renting out both properties we…
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Self Build Mortgages - who provides?
Hi Any ideas who provides self build mortgages? We have bought a site and have obtained full planning permission. Have started (diggers have dug foundations and 1st level of concrete is in) but apparentely a lot of lenders won't lend to us as we have started. Doesn't make sense to me as we have enough savings to buy the…
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Mortgage for holiday home to let
Hi, I would very much like to invest in a holiday home to let but would need financial help to do so. (I already have a mortgage on my own home). Does anyone know if there is a specific type of mortgage for this? If anyone is already the owner of a holiday home they let out (in the UK) and got a mortgage in order to buy it…
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sell house and rent back
Hello , we are in quite a bad situation and debts are piling up , as is morgage arrears , Im considering as an option selling my house to one of the companies ive seen that rent back to you. Im not even sure if i can , i bought the house from the council 18months ago and regret it now , i love my house but just cant afford…
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One Account customers, please assist
Hi, I’ll be at the end of my current offset mortgage with Yorkshire Building Society in 10 weeks time and I think I’ll be moving to the One Account offset mortgage. Looked into it and it seems the best deal for my circumstances. The member of staff that I spoke to told me they have an ‘introduce a friend’ scheme, whereby…
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Mortgage Advice Please
I currently have a 80k mortgage and live in a property valued at approx 160k. What I would like to do is to buy another property jointly with my step-son for him to live in to get him started on the property ladder. If possible I am looking to purchase a property approx 130-140k. I would raise 10k-20k against my mortgage…
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Equity on house??
Hi i was just wondering before I contact my bank, what is the deal with equity on a house and whether banks in this climate are allowing people to raise money through equity on the house? I currently have an interest only mortage, and am in a situation where i need to raise 30k. i have a mortgage for 105k, with the house…
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Alternative to Capital Repayment
Can anyone advise if a pension plan is acceptable to banks generally to be allowed an interest only mortgage? I have a SIPP with Hargreaves Lansdown which im building up so as to take a lump sum on retirement - ie pay the mortgage off. Thank you.
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Are there any 100% mortgages out there?
Hello Can anyone tell me if there are any 100% mortgages out there? I've been scouring the internet but I can't find any, hiss boo! My partner and I are sick of renting and would like to buy, we both have good credit history. Thanks in advance :-)
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5 year or 2 year fixed ???
hi my current mortgage deal is coming to a end and i cannot decide what to do i have tried to get a mortgage with hsbc and they have turned me down really dont know why cause my credit score is 900 and my my income is enough. i am currently with the abbey and can only chose from there existing customer products so here is…
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Really worried I made a mistake!
Hi, I fell in love with a property and made an offer which was accepted (good I thought). Friday I went into the branch and spoke with a mortgage broker (with a fee of £600), got a mortgage with Abbey that also had a £995 fee and was happy with the rate. However just today I went to the property and was not too impressed…