-
First time Buyer - Raising a deposit
Good evening all, This is my first post, and would appreciate peoples responses to the below question. Me and my partner are looking at buying our first property. We are aware that 100% mortgages do not exist anymore, and have spoken with our financial advisor, to get an idea as to what mortgage we can get, and what sort…
-
Solicitor fees
Just wondering what the average or a reasonable amount to be paying a solicitor is when buying a house. We are FTB's and buying through Homebuy Direct. They gave us contact details of a solicitors who have alot of experience in Homebuy customers and they quoted us at £849. Is this reasonable? Sorry i am useless at knowing…
-
mortgage application and solicitor
hi, i went through a broker and applied for mortgage recently. and i was given a quote for the solicitor also. which i was happy with. but now solicitor has sent me welcome pack and asking me for 300 pounds for the searches he will carry out. i m first time buyer so i dont know. but do i need a solicitor at this stage?…
-
new build mortgage
does anyone know of a bank that will accept less than a 20% deposit on a new build property. neither me or my husband are 1st time buyers so we cant do it that way. i have allready rung abbey and halifax and they cant, its not essential to our situation but would help a bit....
-
Negative equity - paying it back monthly - other options?
I sold my property in August 2009. The house was in negative equity and I have an arrangement with the mortgage company to pay back a certain amount each month, overall I owe 14k. There is a chance I may be given some money in a few months time, but it wouldnt be enough to cover the whole 14k, this is probably just me…
-
Santander Mortgage Customers
A word of warning for Santander mortgage customers Santander, or at least the Abbey part, have a very annoying policy of not informing customers if they are in arrears on their mortgage, unless the amount is equivalent to or greater than one months payment. "How can this effect me?", I hear you ask. Well, if you have…
-
When a lender requests bank statements, what are they looking for?
We have just applied for a mortgage with Britannia. We have a 60% deposit and are looking to borrow 3x our joint salary. We have our own business with 10 years of accounts and very healthy profits and turnover etc. No adverse credit history or hire purchase agreements or anything like that. Both of us have excellent credit…
-
Question about mortgage and overdraft
Hi all, Any help on this question would be great thanks! Me and my partner are in the middle of buying a property with the Homebuy Direct scheme. We just reserved our property and the mortgage application is going through. My partner is a teacher and main source of income for us so the mortgage repayments would be coming…
-
have we messed up taking new 2 year fix deal?
Hi all Just looking your views, we have about a week ago signed up for a new fixed deal with Accord tied in till August 2012. This mortgage is for about £89000 we are due to be paying £569 but are going to over pay to £620 a month. Thing is we are in our early 30's and feel we want to move possibly within the next two…
-
Interest only mortgage to help pay existing debt??
Hi all, Just looking for a bit of advice if possible......here goes: Over the past 5 years I have accrued debts of 21k due to a poor salary and if I'm honest a bit of living beyond my means. Over this period I have never missed a payment and after checking my credit score I was just below the very good bracket. I have…
-
dad buting a house
hiya all, my dad is thinking of buying another house for me and my two children. The house we have seen, the seller is wanting 40k for it. Can he get a mortgage without putting his house he lives in as equity? also, can he say they want 50k for it so we have 10k for a depoist?
-
Help please mortgage transfer
Hi, I was wondering if someone could help me. I currently have a mortgage with my partner. Our lender was Mortgage Express who were nationalised, although our fixed rate doesnt end until October. We are looking to move (same size mortgage, bigger place further out from city).....however although I am employed I am on…
-
Mortgage Offer Changes
I need help. I have recently applied for and recieved a Mortgage Offer for a property I am in the process of purchassing. However, since applying for and recieving this offer I have changed my job will be working for the NHS. I am due to start in the next few weeks so don't have final details of pay, hours etc. Roughly, I…
-
Mortgage minefield
Not really sure where this query lies and its probably a vert common problem. Recently got knocked back on a mortgage with my girlfriend as our credit score wasn't good enough. I had 2CCJs which were satisfied 4 and 5 years ago but they were still on my credit history. I now have certificates to say they are satisfied. How…
-
Mortgage PPI - in both names?
Hello I am just about to buy my first house with my partner. I want to get mortgage PPI incase of redundancy, sickness etc. Do we have to have a policy each because the mortgage is in both of our names, or will one policy suffice? Thanks in advance
-
Really Quick Mortgage Question
Hello All, FTB here - found this site very useful in terms of finding information, raising blood pressure and obsessing over essentially a large loan for a property I am yet to own. Anyway - quick question from me. I have made a Full Application with the Post Office for their 4.29% 2 Year Fixed Rate Mortgage online. After…
-
repossessed but heard nothing ???
my daughter had her house repossessed after trying to sell for about a year anyway it was repossessed last june and sold november last year there was a £40,000.00 out standing after it was sold but even though the lenders know where they are and have there contact numbers they have never heard nothing from the company…
-
Do I sell or keep my flat?
Hello!! I have a small flat mortgaged. Valued at 55k, mortgage 42k. I want to buy a house now, but have always said that i want to keep my flat and rent it out. (and to keep it as an investment for the future) I earn 20k, my partner earns 28K, we want to buy a house at 135k. We have no money for a deposit for the house, so…
-
Options at 60
This is a bit of a weird one - but here goes! A family member split up with his partner and the house is owned between them and is in joint names. The partner has asked for 100K, but my family member does not have 100K. I just wondered what options he has? He's 60 with a good credit rating, but not sure what he can do? Any…
-
Capital Gains Tax
Hi all, I would like your advice on my current situation. My mother-in-law has cashed in her pension totalling 50k and has decided she wants help myself and the missus onto the housing ladder by putting the 50k down as a deposit on a house. We have found a house going for 75k and have just had an offer of 73k accepted by…
