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Seperating - Buying another home - advice
Hi folks, I'm finding it hard to make a decision on the best way forward for my mortgage needs. I'm separating from my wife and looking to buy a house for myself. My wife and kids are staying in the current house. The current house is worth around £200k and we owe £92k. Our mortgage is with the Woolwich on a lifetime…
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adverse credit mortgages
Hi I really need some realistic advice about the possibility of getting a mortgage. I have a property to sell that is worth £125K and an outstanding mortgage of £95K. The only other credit we have are a couple of credit cards each, with £3K culmulative debt. I want to buy a new house for about £165K. My income is £24K and…
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How long to wait?
I saw an IFA on 11th June, supplied a few missing details on Thursday 17th and was advised that mortgage application would be submitted. How long should I expect to be waiting before hearing if mortgage is approved? Will they go via broker or will they contact me directly?
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Will I get another mortgage?
Hey everyone I currently live in a flat which ive owned for the past 5 years. Due to having a baby I now need to start looking for somewhere bigger. Im on maternity leave, due to return to work in September - although I'll only be going back part time and taking a big pay cut - from just over £18000pa to about £8000pa. Im…
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Thank You to All
Hi all, Just to say a big thank you to all the help and advise I have recieved over the last couple of months on the forums. I will be completing on my first house purchase tomorrow, the mortgage money is with the solicitor and being just me (and other half) buying from one person and no one else in a chain all is looking…
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Should we pay lump off mortgage or save it?
We have £20000 in the building society, which we were planning to use to help us move house (we were going to put the house up sometime this summer once had finished a few bits of decorating). This is no longer happening as I have given up work and decided to be a stay-at-home-mum for a couple of years, and we wouldn't be…
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Abbey Mortgage Offered then withdrawn
New poster here, We have had our mortgage offer through but noticed ifa had used wife’s maiden name. Once abbey were notified of this they asked a few questions such as date of marriage then withdrew their offer. I find this all very difficult to understand. What went wrong, should we now re-apply ensuring the correct…
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Stay or Sell?
I have debts of about 30k. I have a mortgage of 151,000 and equity is 85,000. I am struggling with these debts and have no money after payday as it is all swallowed up. Questions are: Do i sell and go into rented property to clear these debts and save the rest of my equity for future deposit on house in a couple of years…
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Fixing for 2 or 5 years?
Anyone have a crystal ball and give me an idea of what might happen in the next few years? I'm too-ing and throwing about whether to fix for 2 or 5 years. Any insight appreciated - thanks
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Which mortgage providers allow you to use a 'gift' as deposit?
Hi everyone Just a quick question really, what mortgage providers allow you to use a 'gift' as the deposit for a house purchase? I know RBS and Nationwide are 2 examples.. Back story: Buying a house from my dad, property value £100,000 and outstanding mortgage of £70,000. I want to take out a mortgage, using the remaining…
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Valuation and Homebuyers Report
I am buying my first property and just in the early stages. I got a call from the EA today to ask what the number was for the valuation company as the vendor needed to change the time of the appt and they had misplaced the details. I rang my IFA as its all going through Halifax. I paid them for a valuation and homebuyers…
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lump sum or monthly overpayment
Hi im looking for advice. i've got a mortgage of approximatley £130000, with 25 years remaining, my inerest rate is 2%. im not sure if making monthly overpayments will be better than making lump sums every year in terms of intrest charged. what ever i overpay it will be around the same i.e £5000 per year or £5000 / 12…
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Mortgage search by LTV
Really sorry if this has been asked before, but couldn't see it anywhere and I need to get this sorted out fast. I'm looking for mortgages at 80% LTV only (might consider 75 but will be really stretched) and can't seem to find a 'best buys' list that shows this information in the list itself, e.g. on Guardian Money's page…
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First deal coming to end, what now?
My 5 year fixed rate deal with Abbey is coming to an end. I realise I'll resort back to their current SVR. If you call them, do they tend to offer a better deal without having to pay any additional fees/costs?
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Hopefully a straight forward query !
Hi all, The inlaws are looking to raise some money against their current property. Situation as follows:* Both still working * Aged 62 and 63 * Looking to raise circa £20k * Property value circa £150k * Currently mortgage free and have their deeds * £20k to be used to clear a biut od debt and make some modest home…
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1st thread morgage question
First of all hello mine neame rob and from the midlands. Im 20 and have just recently put down 15k on a house before xmas (saved hard while in iraq). I pay my morgage (£85000 i borrowed) £480 a month 5% fixed for 4 years over 35 years ATM. Anyway iv read all the morgage info etc and im shocked actully quite sickening how…
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Mortgage Offer and Mortgage Deed
Hi, Hoping someone can answer this question as it is outside business hours and so can't ask our advisor. We have received our Mortgage Offer from Woolwich. I thought we would have to sign it and send it back. Instead, the offer says we will receive a Mortgage Deed from our solicitor. To accept the mortgage offer, we will…
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mis-sold mortgage & insurance?
Hi everyone I took out a mortgage 5 years ago with the lovely Northern Rock. I had been told, moments before seeing them, by an advisor with another company that I'd need at least 90 mins to go through the whole process of getting a quote and maybe signing up. The champion salesperson at NR (plaques everywhere) managed to…
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Buying a property abroad
Hi there, I'd like to buy a commercial property abroad (Italy), any clue on the mortgage procedure?
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Bank of Ireland mortgages - Overpayments
Just rang up Bank of Ireland (taken out via the Post Office) to confirm the first payment after just remortgaging from Skiptons. I wanted to change the date and increase the DD to ensure we overpay every month and we were told they don't do it! If we want to overpay we have to ring up every single month. For the next 5…
