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Help! Confused 1st time buyer!
Hi, I've decided that the time has come for me to buy my own property. I've been saving & I now think that I should have enough for a deposit, fees & other costs associated with moving. Ive been reading various guides on the moving process but I'm feeling a bit confused by it all & wondered of someone can clarify what i…
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HELP!! First time buyer £60k deposit but poor credit rating!! Can I get a mortgage??
Hi Everyone!!! I am hoping someone on here can help me, this is my first post on here, it seems a really great and helpful site and has some great advice from you guys so im really hoping someone can help me!! Basically im wanting to get on the property ladder, im 28, live with my partner but he is self employed and due to…
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Halifax Underwriters
Hi I have been accepted in principal for a mortgage from the Halifax. The problem is, this has happened twice to me before (diferent lendes) and both times I have been turned down by the underwriters, though neither time I have been told why. Both other times I have supplied bank statements and pay slips and my thoughts…
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Buy to Let Mortgage from parents
HI, my parents have a house worth £350k which is mortgage free and to be left to me in there will. I went bankrupt 2 1/2 years ago so cant get a mortgage myself. I am currently renting, but my parents have offered to lend us £100K from there collateral in there property. Is this possible for them to do this on a buy to let…
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Mortgage Transfer - Ok to Sign?
Hi I am new to this forum, (although I have been skirting around the edges for months!) so please excuse if I have posted in the wrong place! My daughter has asked me to sign a Transfer Deed, and I need some urgent advice. We used to be joint owners of the property in which my daughter now lives. She and her 1st husband…
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First Time Buyer - Deposit BUT Extremely Bad Debt History - Advice Pls
Firstly, let me say hello to you all. This is my first time posting on MSE but have been a fan of the forums for quite some time. Normally I can find the information I require just by looking through some of your threads, but not in the case. So, here is the situation I need advice on... When I was 18 approx 6 years ago I…
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surrendering endowment
hello everyone ! i'm in a bit of a pickle. i have a couple of endowment policies and was thinking of surrendering the smallest one i have to help me out. i don't have a mortgage as i live in tied accomadation under a licence to occupy aggrement. and i have been asked to vacate my home in about a years time. so how do i get…
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Confused about APR % rate
Tracker rate is coming to an end, thinking of going onto a fixed rate so know exactly how much to pay each month. Want to to do overpayments. Am thinking about a 5 year fixed at 3.99%, fee of £999, APR is 4.3%. Also looking at 5 year fixed at 4.44%, APR 3.4%. Both have Early Repayment fees. Am confused as to me the 3.99%…
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A question about 2 mortgages
Hello, I wonder if you could offer me any advice - its a long story so please bare with me!! I have 2 houses - one which i rent out and will be my pension - it has 23 years left on the repayment mortgage and is in 2 parts - £90k and 10K I borrowed £10 k against the house 2 years ago to buy my x partner out of the house i…
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What happens to my offset savings if my bank goes bust?
I have an offset mortgage, and over 50K in savings offset against the loan. What happens if my mortgage provider goes bust? They assure me that they will deduct ALL my savings from my outstanding mortgage balance, so that I am left owing them the difference between my mortgage and my savings, but my gut feeling is that…
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95 % Mortgages?? Where r they!?
Hi, new to this forum, please can anyone advise where I could get 95 % mortgage. I am looking to buy a 150k house, I have 15k in savings and earn 48k. Trouble is I need to keep some of my savings to improve the house, pay fees etc. The mortgage advisor has suggested Halifax because the vendor is willing to chip 5% as a…
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will credit card effect mortgage?
Hi there, We are all set to get some mortgage advice/put house up for sale and I was wondering whether having a credit card with an outstanding balance will effect us getting a mortgage? We have around £70,000 deposit on our next home and have enough coming in to cover mortgage for a slightly bigger house (did the budget…
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Play it safe or gamble?
We have 10 years left on our 80,000 repayment mortgage, (coinciding with kids possibly going to uni) house is worth around 400000. We've seen another bigger house in a better area though, which we could extend, add value to and enjoy. The only way we can afford it is to extend our current mortagge to 20 years, and borrow…
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best mortgage for overpayments?
Am currently on a fixed rate with Stroud and Swindon (5.7%, fixed till 31.10.10). Managed to overpay mortgage by £9,500 last year and am determined to overpay by similar amounts over the next 5 years so the mortgage is cleared (but can't currently overpay, otherwise would get £2,500 penalty!) Now owe approx. £48,000…
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Want to be removed from mortgage but brother unwilling
My daughter's husband to be has a house which he bought with his brother 5 years ago. He has been living with my daughter now for several months although is still paying half the mortgage on the house which he bought with his brother. He's been trying to get his brother to put it on the market or take him off the mortgage…
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FTB with deposit
Hi, just wanting a bit of advice as I am a FTB and keen to hear your thoughts. I am 26, earning £25k. I moved home after renting for a couple of years to save up (saved £7k) before making my first property purchase. I have good credit, always pay my credit card in full each month as well as my phone contract. I have an…
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can telling your bank about a change in circumstances affect your mortgage?
im 7 years into a mortgage with Hsbc,when i took it out i was employed by a company,but for the last two years ive been working on a self employed basis but earn about £5000 p.a less than when i took out the mortgage.ive never missed a mortgage payment and have approx £60000 equity.id like to talk to the bank about…
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HELP! ex partner's name on mortgage and he is declaring himself bankrupt
Hi everyone, I am new on here and would really appreciate your help My ex partner who moved out two years ago is declaring himself bankrupt. I live in the property with my 4 year old son and have kept up with the payments. However due to my income they would not accept an application for the whole mortgage by myself as on…
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what should I do Fix or variable
I am in a pickle what should I do I have a 43000 mortage left over 5 years and have been offered 2 deals 1) 2.49% life time tracker = 1.99% + Bank of england base rate cost £762 or 2) 2.95 fix for 2 years cost £599 cost per month £771 what do people think
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Want to move house but keep mortgage
I've got a great deal on my current mortgage, interest only at a fraction over the base rate for life of the mortgage. Lots of equity in the house. Got married a couple of years ago and would like to buy bigger house. I'd imagine I can't port the current deal. I've got some friends who would rent the house from me. Is…
