-
A question about part repayment part interest mortgages...
Firstly a quick Hi as I dont often post here but wondered if someone can help me.. We currently have a repayment mortgage and asked for a payment holiday but was turned down as with the current housing market we dont have enough equity in the house. (Need at least 20% and we are now just under that because of house…
-
Applying for first mortgage
Hi would just like some advice. have just applied for my first mortgage from Britannia. It has been accepted in principle but all the final checks have to be done etc. What are the chances that it will fall through at this stage? Have an offer of 153,000 accepted on a property. need a 90% mortgage- 137700 salary- 46000…
-
House Prices?
Hi, We have saved £16,000 so far for a deposit. We are getting married next year and have seperate savings for this and we wont be going over budget - we both agree the hosue deposit is more important Should we sit tight and keep saving towards a bigger deposit in the hope hosue prices fall further? Is not the best time to…
-
Signing over property?!?!
Hi, I am currently renting a flat with my partner. The flat is owned by my partner's parents who now need to sell the flat, which is worth £190,000. I have recently inherited £50,000 which I would like to use as a deposit to buy the property with my partner. We can however only get a £100,000 mortgage which leaves us…
-
Refused Mortgage - Any advice appreciated.
This is my first post although I have been lurking for a while. My husband and I applied for a mortgage through the coop and found out on Friday that they had turned us down due to outstanding debt at our address. We have checked our credit reports and my husbands score is excellent and mine is good the only outstanding…
-
Returned from overseas - mortgage?
Hi, I have a quick question that I'd like a bit of advice on if at all possible... I was living overseas for the past seven years and returned to the UK about six months ago - since then we've been back living with family but are in a position now to go and buy a place after having sorted out work (not easy in the current…
-
FTB mortgage question
My boyfriend and i are looking to buy a house and saw one we really like over the weekend which we're planning to make an offer on... so i'm trying to put my mortgage hat on in preparation. We're looking at going for the Natwest FTB deal which requires a minimum of 10% deposit, which is what we have. We also have the…
-
Extending Mortgage Term
Hi there Quick question Just applied for a mortgage as FTB. My broker put us down for 25 years and I didn't fight it but I wish I had. I would prefer 30. My partner and I are both 21 so it would be paid back before we are retired. The application is with Nationwide. Would it be possible for me to phone them up myself and…
-
Quick Question
I currently own my house (well the bank does), if i was to sell and go into rented accomodation for a year or so, then decided to buy again. Would i be classed as a first time buyer? I don't mean with the mortgage company but with firms such as Barrett / Whimpy etc. Thanks:D
-
Porting a mortgage
Hi all, I've just read a previous thread re porting a mortgage when wanting a larger mortgage. Are there benefits in porting when wanting to downsize. We currently owe 119k plus a further 25k on a secure loan. The house sale will prob cover mortgage and we're wanting to buy between 80-90k. What options would be best to…
-
Self Cert Mortgages - do they still exist??
I have always took a self cert mortgage (done by mortgage advisors) in the past because our family income is made up of a lot of benefits - eg tax credits and dla etc etc. We had to move house quickly due to personal reasons and currently rent out our property whilst we rent ourselves (we tried to sell but the market was…
-
building regulations and mortgages
We are looking at buying a period property which has recently been converted from one detached to two semi-detached houses. All building regs have been complied with except those concerning thermal insulation and double glazing. The vendors have left all original windows intact (apart from sympathetic restoration) and have…
-
Transfer of mortgage from parent
Hi All Hoping for a bit of advice here - basically, what I want to do is take on my retired mother's mortgage to make her retirement more financially comfortable. Her mortgage is interest-only with 10 years left of the 25 year team. There is no endowment either! The balance is £60,000. The value of the property is…
-
Advice needed on remortgaging for money to start business
Hello, I bought my flat four years ago and have a 5 year fixed rate repayment mortgage with Alliance & Leicester for about 4.9%. I was made redundant recently (like thousands of others!) and have decided to start my own business, as this is something I've been thinking about for a while and I need a change of direction.…
-
Thinking about the future
Hiya folks trying to guage opinions. My circumstances. I have £121,000 left on my mortgage my house is worth approx £175,000 We bought the house 3 years ago of a family member who left £30k in it so we got around needing a deposit. Our circumstances have since changed I started a business last year and have a very good…
-
Selleing endowments
We are considering building an extension and are looking at the possibility of selling our endowments along with an increase in our mortgage to fund it. We have discussed this with our current mortgage provider and it seems viable. We have also contacted the company we have our endowments with and have been given a quote…
-
Moving to BMR and over paying
Hi Wonder if anyone can help? I am "finally" moving to Nationwide's BMR as at 1st October and plan to make the same payments that I currently pay, therefore over paying by £150 per month. I have 4 seperate mortgages with Nationwide and I was wondering would it make more sense to pay each mortgage off at the same rate I…
-
Wanting to buy inherited home from parents, confused with motgage and CGT??
Hello, My father in law inherited a property a few years a go and we are looking to buy this from him at lower price than market value. So I have a few questions!! 1.Would he still have to pay CGT and how is this calculated? 2.Or could he give us the property as a gift how would CGT work on this? 3.Also, if we wanted to…
-
DIP only valid for 1 month. What to do next ?
I was using a whole of market broker and I obtained AIP from A&L valid for 1 month(this was 2 weeks ago). They have "credit search"-ed me for this. When the paperwork was email to me, I was a bit surprised to discover that the DIP was only valid for 1 month. 2 weeks into house searching process, it is obvious that it can…
-
unsigned mortgage deal
Last year I met with our mortgage lender following the end of a fixed deal and agreed in principal to take out a new 3 yr fixed deal. I didnt sign anything as the mortgage is in joint names and was sent the contract for both of us to sign. We didnt sign them as we watched the interest rate tumble and assumed therefore our…
