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Abbey Mortgage Decision Making question.
Hello, I am not sure if this is a really stupid question but I will ask anyway. My mortgage is currently with Abbey. My fixed rate ends in 18 months. I have just finished maternity leave and potentially have the option to work part time. My concern is that I am not going to be able to remortgage in 18 months time due to my…
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Part buy Part Rent property Mortgage
Hi guys, Quick questions for you mortgage brains out there. My fiancee and I are currently looking into getting a mortgage in place for a property we have seen. Its a 50% share (Rent:Mortgage) What would you recommend? Ideally would like a maximum of 5% deposit required. Total mortgage £78000 Thanks
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New build - Lending Criteria
Just looking for a bit of advice. I had a mortgage accepted in principle back in August 2009. In view of this I proceeded to put in an offer on an off plan new build. The house should be finished before the end of the month, so I've contacted A+L to put in a formal mortgage application for the full ammount that was agreed…
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Advice on our first course of action?
Me and my partner have decided to take the leap and look towards getting our first place. However there are a feww issues I know are going to give us problems securing a morgage: My details are: Current Salary £26500 Per Annum Current Debt £16965 (Made up one loan A&L, 3xCC at pretty much max £1900, £1000 & £500) Credit…
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If I move house, can I keep my current mortgage?
Hi everyone I have a wee question I was hoping someone could help me with. I have a mortgage with Barclays which is currently 0.9% above the bank of England base rate. My home is worth around £117,000 and I still owe £102,000. When I took the mortgage, Barclays where giving 90% ltv this has since reduced to 80% ltv - until…
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Porting Mortgage to Smaller Property
Sorry I can't find any advice on this anywhere. We have a 30 year mortgage with a 5 year fixed rate that we took out a year ago (4 years remaining). It was a £165,000 mortgage on a £185,000 house. A realistic sale price now is £175,000 and obviously we've made a years mortgage payments so paid off very little. Due to…
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15% Deposit
We have seen a new house we are interested in, we have a 15% Deposit which is made up like this..... 5% own money 5% housebuilder gift 5% housebuilder deposit match (interest free loan) Do you think there would be many if any lenders that would accept a deposit made up in such a way. cheers.
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Poor Credit, 100% Mortgage?
I'm looking at getting on the property ladder for the first time. Single application, salary of £19000pa. 2 problems: I don't have a deposit, and my credit rating isn't wonderful; I don't think it's terrible, but it's not good either. My credit troubles are a few years in the past but these things take time. I'm not in too…
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Funding new lease and remortgaging
There is a large amount of equity in my flat and I need a new longer lease from the freeholder before I move in about 2 years time. Is it possible to get a new lease and a remortgage through the same solicitor, with funds from the remortgage paying for the new lease costs, or do you have to get the new lease, pay for it…
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Bradford & Bingley arrears even though I have paid 12 monthly payments?
Bradford & Bingley have sent me a demand for 2 months arrears on my mortgage accounts. I have 2 accounts, one payment for £537. per month and one for £270 per month.. I have paid monthly payments each month ,except I paid 2 payments in aUGUST , AND DIDNT PAY in December..All in all I have paid 12 months..they say my last…
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Remortgage query help appreciated please
Hi there, We are due to remortgage in august this year (forward planning I know! Just trying to organise the finances in preparation for this). At the end of our 3yr fixed term at 6.39%. We currently have a credit card with a limit of £3,200 with a small amount outstanding, this will be clear by the end of the month. We…
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Mortgage Advice
Hi, I need some advice on a mortgage please. I am a first time buyer with a 20% deposit on a property. I am not unsure which mortgage to go for - whether to go for a 2 year tracker mortgage or a fixed mortgage. The tracker mortgage is around £100 less than the fixed mortgage per month. People I have spoken to have advised…
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Short-term loan in addition to mortgage
We are looking to buy our second home soon. To get up to the 75% LTV required, we need to borrow around £5000. Obviously, we don’t want to take out a loan for this amount now as this would go against us and reduce the amount they will lend. Apart from borrowing from our family and then paying them back by taking out a loan…
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New Mortgages
I am currently looking to buy my first house, but I am a bit worried about how much deposit that the lenders are looking for. I have some savings at the moment, but from the information that I have received I feel that it could be some time until I am at a point where I can look to buy as a lot of the lenders are looking…
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90% Mortgage 1 Default between us. Any Chance??
Hi, We have our sights set on a house worth 300k looking to get a 90% mortgage. We've almost saved the 10%. We have a combined income of £69,000. My fiance has a personal loan and a credit card, each with a balance of about £6,000. In theory we have already been approved on this basis, but they would require a 15% deposit,…
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Unable to remortgage
If London and Country are not able to find a lender prepared to take us on at the moment, is there any point in trying another broker? Any thoughts most appreciated
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In a bit of a pickle with my mortgage
Right, to cut a long story short, I split with my ex partner of 6 and a half years last July. We weren't married but had a 50/50 mortgage on the house we had owned and bought together almost 4 years previous. The mortgage was a 40 year one which was fixed for the first 5 years. Those five years finish september 1st this…
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Northern Rock (bad bank part...) will they raise their SVR?
Hi all, I got a NR together mortgage in 2004 on a fixed deal at 7.19% where i borrowed 120% LTV, using the extra to pay to furnish it and pay off some old debt. Long story short my house is worth £115 - £120K and the mortgage is just below £127K. I was having a hard time of things last year, but put in the (overtime) hours…
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Paying back Personal Loan with new mortgage
Hi, I am in a situation where I probably need to borrow some money to commence work on a self build. Lets say £15000 for the sake of argument. At this stage I am planning to do this with a Personal Loan and hopefully find one with both a decent APR and also minimal early repayment charges since I would plan to pay it all…
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Mortgage fees calculation
Can anyone help me. I am moving house and looking for a £100k mortgage on a £400k house but only for a couple of years. I have an investment maturing in 2 years that will pay off the mortgage. I'm struggling to compare the cost of mortgages including all the fees and costs, which can be quite high these days and will make…
