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Self Certify Mortgage Advice
Hi Myself and my partner are 'employed' by my partner's company which has been trading since July 03. From the company we get £500 per month PAYE each and a dividend payment of £2000 per month = total income £3000 per month. We have no debts and savings of about 17K. We are currently on an SVR of 4.5%, we pay £1100 per…
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2nd mortgage
Right, STILL not sold my flat despite it being on the market for over 2 years and having dropped from 87k to 62k asking price. I have found a place to buy that I could afford. Question is, can I keep my mortgage on my flat (maybe rent it out) and get a 2nd mortgage with a different company for the new place? Not sure how…
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A question for landlords: Notice of charge?
Good Morning, I recently completed the purchase of the freehold for my block of flats - a lot of hard work scouring the internet and these forums, but relatively painless and straightforward in retrospect. The freehold was purchased with a RTE Company as the nominee purchaser, of which I am a director. I am now in the…
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Mortgage with Bankruptcy 3 years ago
Hi All, I have been looking for a thread similar to my situation but cant find one so was wondering if anyone would give me an idea of what to do? We have a mortgage at the moment with HSBC and have never missed a payment. My husband went Bankrupt 3 years ago and was discharged 2 years ago. But now we are thinking that…
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first time buyer mortgage help
My brother in law is currently looking at the options of buying his first property. current situation; bank account for 3 years salary of £15k p.a. no loans no credit cards one o2 mobile phone contract help needed in relation to; will he be able to apply for a 100% FTB mortgage (are they still available?) how do home share…
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Can i get a sole mortgage even though i'm married?
My husband has terrible credit (due to bad business luck) he cannot get a mortgage to buy right to buy council house, my question is could i get a mortgage in my sole name with just my earnings taken into account? To be honest i'd prefer to have it in my name only as its a very insecure relationship & he's left on several…
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HELP! deal ending
Hi, I was lucky enough to be on a tracker with Halifax, but it ends at end of October. Should I go with their 3.5 SVR for a while and see what happens or should I get a fixed deal now, their best fixed is 4.09. I dont want to panic, but I really need someones help thanks:confused:
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Clerical medical changes (endowments)
:oI have just had a letter from Clerical Medical saying that they are changing their investment strategy for my With-Profits Fund (Endowment) and their 'smoothing' policy. Essentially they are going to multi investment strategies for each part of the asset shares rather than just one (?) and reduce the amount of smoothing…
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Mortgage Advice
Hi Myself and my partner are in the process of viewing properties, the mortgage would be in my partners name as my credit rating is not great and I also have a property which I intend to rent out so that I can live with my partner Partner earns £22500 pa and has a property on the market for £125k, it should sell quickly…
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save or spend
Hi we have just fixed our 170k mortgage at 4.79 for 5 years. we have approx 20k saved so are we better paying this off the amount owed, subject to any penaltys incurred, or do we keep it earning misely interest in case of redundancy, un forseen circumstances? It takes a long to amass any savings at the moment but will…
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Pay off chunk of Mortgage or clear ERL?
Hi, Just like the subject says, I have an equity release loan (with 2.5yrs to run) and a mortgage (~95k) which is set to run for another 20-odd years. I have some limited savings and I'm currently wondering whether to use them to clear the ERL when they become available, or pay a chunk off the mortgage. Both the ERL and…
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Professional Mortgages
I heard a while back that because my wife and I are professionals we may be able to get a professional mortgage that can offer us more money against a lower deposit. Is this true?
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Need help for mortgage deal
We are first time buyer and try to purchase a 230,000 property. Currently, we have 130,000 deposit. Simply we need to borrow 100,000. But it is difficult to decide which is the best deal. Fix or variable? It looks like that HSBC 1.99% discount is a very good deal. But we are lack of confidence to be sure about that.…
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Made mistake in my mortgage application
My partner and i made our initial mortgage application with Natwest a couple of nights ago - all went fine and we received documents today but to my horror i've just realised that i completely forgot about my student loan when i was asked about our loan payments. I can't believe i've been so dull, my head was in a bit of a…
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help about to lose my house
Please, please help. I would like some advice of my current situation. My husband was made bankrupt last year. He owes the bank £74,000 (an overdraft which has £13 a day interest) a company £4400 and trustee £27000. I received a letter from the trustees solicitors start of the month which notes without prejudice an offer…
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Northern Rock None Refundable Mortgage fee!!
I needed a mortgage to purchase a second property whilst my exisitng property was on the market. I needed a mortgage where the lender did not require any proof of permission to let for my existing property as I would not be able to provide this. I enquired with northern rock and they said I did not need this. i told them…
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Buying a property at auction: does it worth risking deposit in my circumstances?
Hello, I am going to try to buy a property at auction, since it might be cheaper. But I have to leave 10% deposit at the auction day. As far as I am aware the agreement in principle does not guarantee that I will get mortgage. The main problem is that I am a migrant with 3 year Tier1 visa and a short credit history (but no…
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Moving in to a buy to let flat
Hello all Wondering if you can give me some advice, i bought a flat 2.5 years ago on a buy to let mortgage, it was really the only option available to me as i am a non resident of the UK for tax purposes, i originally had to show the mortgage company who was renting it when they first moved in but since then they have…
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question about income for mortgages
This is a little early but I am just trying to plan ahead. We want to move to a new home but not until after March 2010 to avoid ERP on my current mortgage. Rough figures are as follows. House price around 130k deposit 30k. Income Me 28k PAYE DH 18K PAYE only been working for company a year. Me SE profits of another 8k…
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First time Buyer - a bit confused
Hello, Been a long time reader of this forum but this is my first post. I have been saving up for a while now and have managed to secure a 10% deposit for a house in the price range I am looking for. I decided to see a independent financial advisor so I could get the best advice on mortgages. So far so good. I trawled the…
