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First Time Buyer looking for advice
My partner and I have our eye on a new build house. The builders are running a shared equity scheme for first time buyers where you only pay a 5% deposit, take out a 75% mortgage and pay the final 20% after 10 years. I have a few questions before we approach banks about a mortgage if anyone can help? 1) My mum has offered…
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Mortgage advice
Hi I would be really grateful for some advice on the following - We have just completed a self build which was funded by a self cert mortgage (selfbuild) which is £220k. We have just had the house surveyed and valued at £425k. We would like to remortgage to £300k and either rent the house out or use it for holiday lets…
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How early do you need to start looking when remortgaging?
My fixed rate ends next October 2011 and I wanted to know when I should start looking for remortgages? Also when remortgaging what will be more important the ltv or the salary multiple?
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mortgage or remortgage that is the question
I need some advice please, here goes. I have a house with a £60,000 mortgage which I rent out as I took on a job with accommodation. Now I want to relocate should I a) sell my house and use the money to buy in the new location b) keep my house on and rent it out but remortgage it and use that as a deposit. either way I'd…
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Portable Mortgage
Hi everyone We currently have a fixed rate mortgage with Britannia which is due to end July 2012. My DH has been offered a job in Norfolk and we want to move so that he can take it, can someone please talk me through porting our mortgage. I know that it is possible through Britannia as its in the paperwork. But we want to…
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Possibly joining Mortgage
Hello just a quick question - my partner currently has a mortgage and would like me to join it.....my question is I had a default 3 years ago for about £3k which was in fact settled the very same month......how would that affect the mortgage if i joined it? Go up, down, would they even allow it etc?? Thank you Paul
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10 years fixed
Do they still exist? I am currently 2 years into a 3 year fixed. I have got 28 years left, but I can afford to reduce my mortgage to 10 years by the time my fixed deal runs out. I would love to have no care about interest rates until I am mortgage free and a 10 year fixed would give me that piece of mind. What would be the…
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Expat trying a buy to let
I am a British expat working in South Africa and looking for a Buy to Let mortgage. I already own a property in the UK and it appears that there are very few companies willing to provide a buy to let mortgage. Can anyone advise which companies offer these type of mortgages please without breaking the bank. Thank you.…
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read and you will see how complicated this is any advice
my husband has a joint mortgage with newcastle building society, his is held with his ex wife who left the family home 15 years ago. we cannot remortgage do anything without her consent which we will not get, she lives in spian and is remarried. we are 7k in arrears and have missed payment this month. equity in home we owe…
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Repossession Advice
I'm tearing my hair out with a situation with a joint repayment mortgage and separation fallout and could do with some views and experiences from other moneysavers. Following a relationship breakdown I moved out of a jointly owned and mortgaged property about 7 months ago. Since then I have paid the mortgage every month…
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Mortgages for the Self Employed
Hi All Which mortgage providers are worth trying if you're self employed? I asked First Direct about their mortgages for the self employed, and they said they need your previous three years of earnings, which must be verified by an accountant. The mortgage will either be based on the lowest year of earnings, or if they…
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Best way to fund a purchase and renovation
Hi to all you mortgage experts... My husband and I are currently hoping to buy a bungalow and turn it into a two storey family house for us to live in for the foreseeable future. We're struggling to decide on the best way to fund the purchase whilst also leaving enough cash to spend building and refurbishing the property.…
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how bad is a missed credit card payment?
Hi all, My boyfriend and I are hoping to apply for a mortgage in a couple of months' time. We don't owe any money apart from around £200 on his credit card. He missed a payment on this last month but has made a payment and will clear the balance when he gets paid in a couple of weeks (the missed payment was forgetfulness…
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remortgage onto better deal
right so in july i purchased my first house, it was 150k we had 15k deposit leaving 135k mortgaged. the house we brought was a reposetion and an absolute reck, we have renovated everything. therfore we got it at a very good price. we have had 3 estate agents round valuing it at 190k, 190k and 195k. since buying ours i have…
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Affordability
Hi I was unfortunate enough to have been made redundant 18 months ago but managed to get a new job which I started in Jan 09. All is going well with this job but my earnings are less than from my pre redundancy job. The result being that the house hold budget has been tight especially due to the size of our mortgage which…
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Moving Home but tied into a deal - can I port?
Hey, Currently tied into a 5 yr Fixed Rate with Nationwide, approx half way through. Seen a house yesterday so potentially looking to sell up and move. Obviously, I know if I settle the mortgage early there is a penalty. But is it possible to move the mortgage and borrow an additional sum to pay the balance of the new…
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Average payment on £100,000 mortgage
A couple of years ago I tied into a mortgage for £100,000, even though we knew it was a high rate, we were worried the rates may increase to fixed anyway. I just wondered now what are the average payments on a £100,000 mortgage. We pay £700.00 per month, is this a high or low payment?? many thanks
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Mortgage question - Selling and then buying again
HI I have a mortgage with Nationwide. I am looking to sell my flat nad buy a house instead. I was wondering whether I could sell the flat and then continue to look for a flat, whilst maintaining the mortgage rate I have, or am i likely to lose the rate I have if I am unable to join a 'chain' and have a house to immediatley…
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Buy to Let Mortgage - 20% Deposit?
Other than The Yorkshire Building Society / Clydesdale Bank, does anyone know of anywhere else that is currently offering Buy to Let Mortgages with just 20% deposit?? All help much appreciated but please don't advise me to see a broker as I've made an appointment and am just trying to do some research in advance of this.
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Probably very silly question...
Relocating to new area other side of UK. Have £100,000 to put down on property £180,000. Therefore, need mortgage of £80,000. I am a social worker who will be working as a locum once we are settled. I'm guesing that no lender will lend with no secured permanent wage? Would like to move a.s.a.p and confident that once moved…
