-
Salary Multiples
Hi all - very quick question that I can't seem to find the answer to on this great site: My package is made up of core salary + benefits + bonus. When calculating maximum mortgage multiples, can i include my employer's (generous 6%) pension contributions as part of my salary? Thanks Jack
-
45% deposit required!
Well the back story is on this thread: http://forums.moneysavingexpert.com/showthread.html?t=2228397 but basically my boyfriend wanted a mortgage so we though as first port of call we'd visit his bank. We were thinking of making an offer for £45000 and have a 10% deposit so needed to borrow £40500 (Actually have near £6000…
-
Mortgage brokers?
Hi all I just wondered whether mortgage brokers still got broker-only exclusive deals? I used a broker 2 years ago when I was a FTB and he got us a great deal (0.4% above base rate- bless him). But I'm considerably more savvy now, and wondered whether there was any point using a broker- the only advantage i can see is if…
-
Will Bank also look at the Joint Bank Account when making Single mortgage application
I have recently managed to get a mortgage in Principle with HSBC to port my existing mortgage as well as borrow additional amount on top to buy a new proprety. when making the application, they asked me for my outgoings which I listed but then some of these are paid for by my boyfriend from his bank account. They told me i…
-
Part P - Non certified electrical work
Hello, My son has just bought his first house and his best friend has offered to re-wire it for him. Alas, his friend albeit a very good sparky is not Part P registered. When my son comes to sell the house will this lack of certification present a problem? If so, what is the best way to deal with it? Thanks.
-
discount rate for being a member of a union
Hi there guys. We took out a fixed rate mortgage some time ago, and at that time I was a member of a union. Being a member of the union gave us a discounted rate on the mortgage. HAvent really thought about it much (at all really) until now as we've had a letter saying that the fixed period is nearly up and what do we want…
-
repossession
my daughter unfortunately lost her house due to repossession last May her husband and 3 children now live with me her old house sold last and new tentants moved in oct/ nov but she still has not heard from the mortgage company about moneys owed how long does it take normally ?
-
10 years into endowment - advice please
I have an endowment with Aviva taken out in April 1999. I pay £42.95 per month and the target amount is £28000. Maturity date is 29 April 2024. Last July I had an amber alert. The current value in July 09 was £12358.80 What I'm wondering is whether to 1. cash it in and pay it off my mortgage - I am just about to sign up to…
-
big mortgage worry
Hi, I appreciate people may have posted similar but wanted to share my current situation and look for any advice to help me I bought my first house with my girlfriend in july 2007, the house was 90000, we borrwed a total of 104,000 from northern rock over 35 years, which is around the 110% mark. The mortage is split…
-
Additional Borrowing
I have a mortgage with Yorkshire BS and want to borrow extra but the rates they are offering are terrible. Can I borrow from a different lender but still keep the main mortgage with YBS (it's fixed for another 7 years!)
-
Mortgage shortfall
Hi, My parents have a 25 year mortgage which is coming to an end soon, but the mortgage lender say there will be a shortfall in the mortage and they will have to pay an extra £10,000 to clear it all off. What can they do about this? will they have to pay the extra money to the lender? Thank You
-
No Previous Out-goings
Good evening, a simply question, I stayed at home throughout uni (so I could save up to go travelling afterwards) and have now landed myself a fairly well paid job, I intend to have a 20% deposit for a flat by Spetmeber/October this year. However I have no montly out-goings because I stay at home. I have no direct debits,…
-
First Time Buyer
I am looking at getting a mortgage for a property around 75k. I am struggling on the deposit front, the house has recently been reduced by 5k. I have a small amount of money saved but not enough to secure a 10% deposit. Any suggestions of how i can get round the deposit. I have thought about lending the deposit off a…
-
Half Ownership
I am currently going through a divorce at the moment. (It's for the best). However she wants to sell the house, and the boy wants to buy her share (£45,000) and I will leave him my half on my demise. The rules and conditions will be set up by my Solictor for me living there. I would please like advice, on what is the best…
-
how can we get a deposit for a house without getting into more debt
Hi My husband and i want to get onto the property ladder but have no deposit. How can we get one without getting into more debt we would ask parents but as they paid for our wedding we have exhausted that avenue please help me someone
-
Would they look at us twice?
Hello! Myself and my girlfriend are looking to purchase our first house - we would be looking at no more that £110,000 and can put a deposit of £25,000 (to include fees.....) down. We have both got a good credit history, but the problem is we are both PhD students and therefore both our incomes are not taxable. I have…
-
Joint contractor and employed director mortgage
Hi Looking for some advice as to where to start now that our situation is very different to last time we bought a house....no longer in your normal salaried jobs and coming back from maternity.... Applicant 1 is a contractor continuously employed for 3 years on the same contract and for a minumum of 8 more months on…
-
Endowments - to make paid up or not
Sorry if this subject has come up before but I am new to the site and to forums. Basically without getting bogged down with figures, if I make an endowment paid up will it continue to grow to maturity (I have 3 years left) albeit to a lesser extent than making monthly payments and will the life cover portion be retained so…
-
Adverse Credit - What Can I Do
Hi, I have recently been turned down for a re-mortgage by 3 companies for having an 'adverse credit rating'. Although my Experian credit report shows that all of my debts are satisfactory (despite the odd late payment), my credit score is apprently still low. I have never missed a mortgage payment in 10 years and, with…
-
Mortgage advice needed
can fix for 5 years on 5.99% up my payment by £20p/m and reduce term by 3yrs 2mths or go on to SVR end of march and payments go down £100 p/m what to do £100 p/m would be nice for a couple months to save some holiday funds Have agreed in principle for fixed deal but only lasts 14 days plan to wait see what happens and if…
