-
Help with mortgage when moving home!
I'm a wannabe second time buyer having bought my first home for £157,000 three years ago at an LTV of 95% (pre credit crunch). As it's a two bed and our family is expanding, we really want t move to a bigger house but I'm not up to speed on the process of moving a mortgage. I am currently locked into a fixed rate deal and…
-
Probably a very silly question...
.. If you own a freehold property outright so no mortgage, do you need permission of any sort to rent it out? From the local council or anything?! I know when a property is mortgaged you need permission or something from the lender to rent it out but it just was just something I was wondering about.. Told you it was a…
-
Affordability - surplus amount
Hi, I have been looking into affordaibility and how this is calculated. I have only been asked about it very tentatively for my application, not going into great detail. Once your mortgage is paid is there an amount of money left the lenders like to see surplus? I wondered if there was amount that is common to most…
-
When is the money transferred when offer accepted??
Afternoon all, just a quick question, when an offer is accepted on a house, and the bank has approved mortgage, how soon after do the money (i.e my deposit) leave my bank? is it on completion or as soon as the solicitor has carried out his work. cheers Dan
-
Mortgage help for my diabled girlfirend please!
Hello, This is my first post here but please could somebody give me some advice. :ABasically, my girlfriend is in a bit of state with her house and neither of us know what to do. It might help if I briefly explain how it's come about... A few years ago before I met my partner she was running a courier business and earning…
-
Self employed trouble getting mortgage!
Hi there people this is my first post so take it easy ive been a long time lurker. I became self employed 14 months ago. I am already a home owner with a mortgage from HSBC. Over the past four years I've had the mortgage, i have been paying nearly double the required amount, never missed a payment, never had any problems…
-
Help, how can we fund an extension?
Me and my husband moved into our house in 2006 and we always intended when we had renovated the property that we would build an extension to the side to give us two extra bedrooms and a large kitchen. Our mortgage is up for renewal next march and by this time we sould be completely debt free apart from the mortgage, so is…
-
2 Mortgages / 1 house?
Can you have 2 mortgages for 1 house? We are consdering moving, the house that we have looked at is approx £30k more than ours is currently worth. Our current mortgage is fixed until 2016 and is quite a good deal so i wouldnt want to get rid of it. Can i get a top up mortgage for the £30k so im paying 2 mortgages? and do i…
-
Joint mortgage problem- relationship breakdown
I bought a house with my partner in Feb 2008, 102 % mortgage with Scottish Widows on a 5 year fixed rate. We split last year and have taken it in turns living in the house, I now HAVE to find somewhere else to live but I can't as I'm still paying half of the £700 mortgage each month. We are in neg equity by at least 10k so…
-
YBS Member Exclusive Deal
Hello, I'm a first time buyer and looking for the best deal with a 15% deposit. I've seen that the Yorkshire Building Society have 2 products i'm interested in, both offer 5.69% fixed for 5 years. On their website there is a members exclisive version of the deal. This comes with no is no fee and help with the legal costs.…
-
Buying my husband out - CCJ problem
Hello, I have had a joint mortgage with my husband for 7 years. We have just separated and I am planning to buy him out. I have spoken several times with a mortgage broker and he has made some basic queries with my current lender. I can potentially be lent enough money (based on my income) to do this. I got a copy of my…
-
Beginning on the property ladder
Hello, I have begun looking into obtaining a Mortgage for my first home. I was looking to buy a small 2 bedroom home near to Stansted, Essex. The average cost is around £180 to £200,000. I have been saving like mad since I finished uni last summer and so far I have around £15k to put toward my mortgage. I would be very…
-
Following an AIP can they make requests.....
We have an AIP on a joint mortgage and the survey has been carried out (which we had to pay for) and apparently the credit check is all fine. We have sent 3 months back statements and all the usual docs. A couple of questions. What could happen if from the survey they feel the house isnt worth it. The house does need work…
-
What happens after Fixed Rate ends?
Only just taken out a 2year fixed rate, i'm just wondering what happens after that 2 year fixed rate is finished? Can I take out another fixed rate mortgage? Also would the rate be better? I take it the more you pay off your mortgage the better rates you get? Cheers Lee
-
Tax Credits and Mortgages
Do mortgage lenders include tax credits when calculating the amount they will lend you? For example, if my salary is £20,000 and I get £2,000 in tax credits, will the mortgage lender base the calculation on £22,000 so if they lend at a 3x multiple they will lend me £66,000? Thanks.
-
Guarantor Mortgage Advice Needed Please
Can anyone please give me advice on guarantor mortgages. I would like to know: Are they offered to home movers or just first time buyers? Is there a maximum % of the overall property that they can guarantee for (ie: 50% of property value)? Does the guarantor need to proove they can cover the whole of the mortgage or just…
-
are the banks 'giving away' mortgages again?
deleted.....
-
Planning the mortgage of the future
Hi All, I am 24 and wife is 21 with a 2 year old daughter. We have recently started thinking about buying our first house. I have had some financial difficulties in the past and had 2 defaults against my name ( both satisfied 1 late last year 1 jan this year and both less than £500 ) I have a £500 overdraft on my single…
-
Old Bankrupt do i need to Disclose for Morgage
Hi 16 years ago i was declared bankrupt for £7500, i now have a perfect credit rating and £70000 deposit and am looking at buying a house. Looking at the online quotes they ask if you have been bankrupt, do i need to dislose this so long ago, will it show up on a search. Thanks in advance Peter
-
Mortage and defaults
My partner and I are interested in buying a house valued at 135000. My parter's house is valued at 115000 and I am waiting to sell a property partly left to me in a will. From this sale I should gain approximately 20000. We went to see the mortgage advisor today and on paper, it all looks very positive. My partner earns…
