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Scottish Single Survey & HSBC
I'm looking for some help out there with a recent query I've had with my existing (& new lender) - HSBC for our new home which we move into on Friday this week! The issue is to do with a single survey in Scotland. The market works differently from England & Wales so please be careful in your reply. Wed 6th Apr 10 we offer…
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Northern Rock possibility of coming out of fixed term???
Hi Guys I posted a few weeks back on the Mortgage thread about remortgaging and was told our LTV is way too high that we wouldn't be able to do so. I was wondering what the possibility of approaching them to come out of the fixed rate and onto a lower interest rate would be? I know logically they want to make money out of…
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Wanting to move
I'm just about to put my house on the market (last valuation this week, then will put it on more or less straight after). Our valuations are coming in at 100k and we currently have 27k left to pay off. We have so far saved jointly 10k to move (but have some individual saving but would rather not touch). Our problem is that…
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employment status and remortgage
Hi Our fixed term of the mortgage finishes in June so we will start looking around for re mortgage. Since taking out the mortgage 3 years ago my partner has been made redundant twice and now has a limited company that he employs himself through. Has a couple of years of accounts but has worked 6 months for each of those…
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Mortgage for self employed on shared ownership with an old default
Hi, Im very interested in some propertys in our town offered on a shared ownership scheme. The full value is £295000. The ammount that we would purchase would be 40% at 118,000. So after putting down a £11,800 (10%) we would need to obtain a mortgage for £106,200. I have a default on my credit file from Aug 2005. The…
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FTB with big deposit
I've got a £40k deposit, no debt and a clean credit history (lucky me). Just how much more of a difference can this make in getting a mortgage for more than 3.5x your salary? I only earn an average amount but in London it's hard to find somewhere near 3.5x your salary! Hence the big deposit. But places I would want are…
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Whats the best tracker morgage with 65% Loan To Value
I am currently about to purchase a second home at £200,000 and require to borrow £130,000 i have seen the fee free Life tracker morgage with First direct that Tracks the Bank of England Base Rate plus 2.09% currently 2.59%.I already own a house which i will be renting out to cover the morgage left of £90,000 at 5.49% fix…
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Mortgage further borrowing
Hi there I hope someone can help me on this. I have a Nationwide mortgage over 26 years ( currently in year 4 ). When I took this mortgage out with my partner we were both employed by companies, however now we are both self employed for 2 years. We are able to comfortably able to keep up mortgage payments but now I see…
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Have debts - but want to move!!
Hi Just wanting a bit of advice as this has been whirling around in my head! we are both 41 & 41.We own a property that has just been valued at £197k, our outstanding mortgage is £70approx (11years) but we have debts of £9500approx. My predicament is would we get a new mortgage? we did think about remortgaging but have…
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Good news! What next?!
Hi all, So the good news is we have been accepted and got our mortgage in principle from the Halifax for our desired amount!! So what now? What will the Halifax underwriters want from us? And what will they be looking for to accept us fully? Another question.. When do we need to instruct solicitors? And get the surveys…
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2nd time buyer question
Hi, I bought my first house in Dec 2007. I currently owe £110,000 on my mortgage which is at a fixed rate of 5.99% until Dec 2012. I am looking to move but I'm not sure where to go or what to do about my mortgage. Do I put my house on the market and then go to the mortgage broker I went to the first time I bought and get a…
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Moral Question
Me and my partner live in his house that he owns with his ex, the house was purchased in 2007 and is interest only. We are in a much better financial position that he was when he brought this house with his ex, however, northern rock do not think so and won't change the names over. We feel a bit naive that we were going to…
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Mortgage Advice Needed
I was just hoping someone on here may be able to help me as i'm completely clueless at the moment when it comes to my mortgage. I took out my first and current mortgage in 2006 with my then partner with Northern Rock. We got a 100% mortgage for our home which we bought for £87,000. As far as i am currently aware our house…
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"Arrangement to pay" on mortgage
I hope someone can help.... just over 2 years ago I took some time off work due to illness - just over 6 months. At that time, I made an arrangement to pay my mortgage as I needed to fund some private medical treatment. Now I'm looking to move within the next year and have obtained copies of my credit files etc. I'm really…
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Mature endowment policy
Someone recently told me that if I don't use my matured endowment mortgage policy to pay the mortgage off I could be liable for capital gains tax. Does anyone know if this is true or where I can find the information on this issue?
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FTB - Advice
Hi, I was just wondering if anyone could help me. My boyfriend and I are hoping to apply for a mortgage over the next few months. However I have a default on my file registered in Nov 2007 (I am currently disputing this as I believe it should have been registered in 2004 thus falling off my file this year). However playing…
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UK Mortgage for Expat Working Abroad
Hi, I am an expatriate working in the Middle East but I would like to secure a UK mortgage so I can buy a home in England while the prices are low. I have contacted a a few lenders directly such as the Co-Operative but they said they will not lend to me as I am not a UK taxpayer. I have a 25% deposit and my earnings are in…
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mortgage protection
i have this on my flat and its costing nearly £70 a month its the complete option, sickness, accident & employment. well i leave a job due to redundancy at the end of next week and its my higher income of two jobs- anyone been able to claim on the unemployment part of their cover in this scenario. OR thinking to save a few…
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urgent advice appreciated
i currently have a mortgage £130k, i am borrowing some money off my parents who are taking out a small interest only mortgage on their mortgage free property....i will pay off my parents in 2 years no problems. i am going to port my existing mortgage to the new property i am going to buy... my parents have seen a solicitor…
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earnings to borrowings multiplier and lenders
In short does anyone know of any lenders out there lending at more than 5.0 x Earnings? In full: Wife and I, made inquiries for a Mortgage on a house we found. Basically mortgage broker said no chance, but will check with the lenders on Monday. basically we both have mortgages on properties. Myself with a flat I rent…
