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Which lenders will loan the most?
Hi, We are currently looking at moving house and would like a rough idea of what we would be able to borrow. My partner is is a job where a large portion of his wage is made up in commission. Can anybody recommend a lender that will take this into account? Also some of my income is supplimented by tax credits. Do any…
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Big age gap will that affect applying for mortgages
Hi, I am age 40 and my husband is aged 64. We are hoping to move to a bigger place as we have 3 teenagers. When we took out a mortgage together in 2002. The best offer we got was over 15yrs because my husband was the bigger earner. He may retire in October 2010 or stay on for another couple of years. either way our joint…
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DHSS lack of support
15 years ago I bought my house with a £32k mortgage, the house was a mess so I started to rebuild it. I couldn't get any money so I used credit cards and personal loans, after some years I reached a good state of repair and got a secured loan with my orrigonal mortgage. I did the same a few years later to build 2…
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Free Mortgage Advice Please
Hi I am trying to find a free Mortgage advisor, I have been to a couple and they add fee onto the amount that I want to borrow. Thank you
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remortgage and adding on secured loan?
Hi this is my first post, I could really do with some advice as I dont know where to start We bought our house 4 years ago and got a mortgage with a 10% deposit but it needed a lot doing to it and we had some debts so we consolidated those and got some extra cash in the form of a secured loan. Unfortunatly as my husband…
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Own a house with friend, she moved out and wants a lodger to pay her half of mortgage
Hello, I have jointly owned my mortage with a friend for a year now. She has recently moved in with her new partner and approached me by saying she is 'skint' and wants a lodger to pay her half of mortgage (my friend currently pays only for her half of mortgage- not bills). I am wondering if you can tell me my rights- as I…
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What's best - Rent out + get second mortgage or sell everything and buy another place
Hello - I'm finding it really hard just to get some general advice without having to pay for a big 'Independent Financial Advisor' type company to take over all my finances! I own a flat and rent it out to a tenant. I rent a flat in another city and now I'm settled there in a new job, I'm thinking of buying there. Main…
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First Direct refused re-mortgage! help
Hi all, Just recently applied for additional borrowing from my current lender First Direct to consolidate 2 credit cards ( one with them). Good credit history, never defaulted on any payments. House is worth £185,000, current mortgage is for £88,000. 2 credit cards amount to 13,000 which I want consolidate. Wife is self…
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Buying a 2nd property, with consent to let on the 1st property
I have had an offer accepted on a property and have decided to rent out my first property(which i am living in at the moment). I have contacted my first lender and they did not see a problem giving me consent to let although i have not had written confirmation of this at the moment. I do not want to switch to a buy to let…
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Nationwide Missed Payment Help
Hi, I was wondering if anyone could help me please. I am going to call Nationwide later today but I wanted to get some advice first. My boyfriend and I have a mortgage with Nationwide and have done for about 3 years. They take the mortgage payment directly from our joint Nationwide account on the 1st of each month. We…
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Having a second mortgage?!?
Afternoon all, My brother has a house with his ex girlfriend for which they have a joint mortgage. The have been split up for 18months and the house has been up for sale but still no interest. At the moment the house is empty, both have move in with new partners. The dilema has now arrisen that my brother now wants to buy…
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Am I an undesirable mortgage candidate?
My husband and I have been married for 6 months now, but due to previous living arrangements he had shared his mortgage with a work colleague (who moved abroad for work but stayed on the mortgage) until now. We would like to remortgage so that I can take over from his work colleague and we can own the house together. I…
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MSE News: First-time buyers at 20-year low
This is the discussion thread for the following MSE News Story: "The number of first-time buyers in the UK remained at near 20-year lows over the past 12 months ..." Read the full story: First-time buyers at 20-year low
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Remortgage Calculator
Does anyone know of a good remortgage calculator online ? I see the ones on bank sites but they don't seem to show any specific calculations they just show the Maximum loan to value rather than the smaller amount I'm looking to borrow. If anyone knows of one, it'd be really useful to try and work some options out, Many…
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NatWest Mortgage Advice
We went yesterday to NatWest to apply for a mortgage. We were planning on borrowing 106,200 over 25 years, but after going through everything the advisor thought it best we change to over 30 years to make the payments at a more comfortable rate. He told us that we can always overpay now, and then if circumstances change we…
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Pay off credit card or overpay mortgage?
Just a little query that really illustrates my indecisiveness. I currently have £2600 on my barclaycard platinum and am on 0% rate for the next 6 months. In addition I am currently on nationwide's SVR of 2.5%. I have around £800 per month to use on either paying off credit card, overpaying mortgage or maybe a bit off both.…
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60+ remortgage struggle to prove income
Hello, I'm trying to help my mum out, she has a mortgage of about 125000, a loan of about 30000 plus some other debts totalling about 30000. She would like to remortgage to consolidate all of them. She's currently paying about 600 interest only about 400 for the loan plus about another 200 p/m. The property is worth about…
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Exchange of Contracts, new house
My girlfriend and I have just reserved a plot for a brand new property which is in the process of being built, we have paid the upfront fee and signed the reservation however the property is not due to be completed until November 2010, after we had signed the sales rep stated that they would need an exchange of contracts…
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House with GrannyAnnexe
Just suppose I have a house with a Granny 'Annexe' which is actually a self-contained 'apartment', completely within the house and consisting of lounge, bedroom and ensuite bathroom. Until Granny died, the front door, the gardens and the kitchen were shared between Granny and (single) Grandchild (that's me, and I am sole…
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Valuations for remortgages
I'm about to come to the end of my current mortgage deal and want to remortgage with a different provider but am nervous about the valuation as I'll be right around the 75% LTV mark. Can anyone give any guidance on how a valuation for remortgage might compare with things like the Nationwide house price calculator? I bought…
