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Chances of getting mortgage
Hi guys, First post! I'm 21, come fresh out of University and I'm thinking of moving down south to start a small music studio. I am in talks with buying land and I plan to build a lodge on here to live and use as a music studio. I have no student loans or bad credit and I have run a successful business before. The whole…
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More hurdles than the Olympics
Hi Everyone, we are looking to buy our first home as a couple but our situation is making it extremely difficult despite the plan being affordable. We have a fair bit of manageable debt (all on good life of balance deals on credit cards), live in a studio flat that we want to keep and rent out and get a new mortgage for…
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Advice needed on Northern Rock mortgage and other finances
Hi We are currently on a Northern Rock Together Mortgage where we owe 215k. 190k secured and 25k unsecured. Rate is 5.99 and coming to an end in june 2011. Our house was worth 200k but now probably more like 190k due to the dip in the market. We currently pay 1200 a month on an arrangement as we couldnt afford the 1400…
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Offset with upper age limit of 70?
About to remortgage and for a variety of reasons an offset would be the best option would really have liked to use First Direct but they have an upper age limit of 65 for the mortgage to be paid off as do Intelligent Finance. Does anyone know of a company that allows repayment up to aged 70 no problem proving income as not…
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Let To Buy - does this make sense?
I'm looking to move house to a new area to be nearer work, am now 40 and would like to reduce my travelling :-) I have been advised that I could consider a let-to-buy, which I admit I don't know much about. My current property is worth £175k, with a £75k mortgage, therefore £100k of equity. Apparently, I could release some…
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Impact of switching to interest only?
Hello All, I'm hoping someone is able to give me some advice please? I am in the middle of a divorce and am staying in the family home with my 3 children. My ex husband does pay child maintenance eash month but despite retaining a 40% share in the equity of the house does not make any addional payments towards mortgage, I…
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Parents acting as a bank ...
My in laws have just brought my partner and I a flat for £350000 , we would like them to act as our mortgage holder, so we could in effect begin to buy the flat back of them . So we could pay the interest they would of made on the money £450 a month had it remained in the bank and any extra money we could afford would…
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Become a lender?
This question may seem alittle daft ,but i am new to all this so please pull your punches. My question is can the home owner(mortgage free) sell the property and act as the mortgage lender,ie..take a deposit and have the property paid off monthly? If so whats the name of this arrangement called, and is it viable? Thanks in…
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new build deposits
Hi there, my first post. I'm looking to move to a new build property but we are struggling to find any lenders willing to give us a mortgage for 80% of value. Does anyone know of lenders willing to give at least 75% of value. We cant afford the amount needed so any help would be in valuable for us. thank you in advance.
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Looking for advice
I am looking to get back onto the ladder after being purchasing and then selling my first home around 5 years ago and renting since. I haven't had the best of credit history but over the past 4-5 years it has been improving. Next summer I should have all CCJ's removed from my record. Currently I work f/t on basic gross of…
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Mortgage while on probation
Hi folks I'm looking for advice on getting a mortgage while on probation. I'm in a new job earning 28k and have a deposit of 160k. I want to put an offer of 285k on a 2 bed flat but have 2 months remaining on my 3 month probation. This will be my first property. I shouldn't have any major credit rating problems - no loans…
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Aviva endowment - continue or leave?
I have a couple of 25 endowments with Prudential maturing later this year and next year. They are performing very poorly but there is not long left and i am not relying on them to pay the motgage anymore so i amd just going with them. However i have another Endowment with Aviva (originally with GA i think?) and this is…
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Stamp Duty Question
I am a first time buyer buying a property for £194,000 which is under the £250,000 FTB rate. Am I still required to send in a SDLT return form? I have told my solicitor 3 times that I am a first time buyer and they still keep putting stamp duty in. BTW this is all in the paperwork for Exchange. All help appreciated. Many…
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£33K Worth remortgaging ? and best deals
I got stuck with the bad debt half of Northern rock after it split, even though I only have £33k outstanding on my £250K property, I overpay around three times my monthly payment, and will be mortgage free in under three years even if I stay with NR. However as none of us know what the future holds, I would like some…
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Declined mortgage - please help!!
My parthner and I went to get a mortgage yesterday with Brittania. We had been agreed in principal over the phone based on our incomes (partner £34,700 myself £8100 part time) We were wanting to borrow £140,000 for a property being purchased at £166,000. We have a £27,000 deposit. We are both in secure permanant jobs.…
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Mortgage for single full time working mum of 3!
Hi Looking for advise. I currently earn £31'000pa and now have £100 pw from my ex for child maintenance so my income is not too bad. I have bad credit as split from partner 2 yrs ago. He has been living in the 4 bed house we shared but this is in process of being sold. im currently private renting at £900 per month! My 3…
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Switching to Interest Only
I have two mortgages. One on my current home is 102,000 - with a secured loan on top of that at 20000 Current value: 100,000 - so in negative equity. The other mortgage on another home of 20,000. The value of that home is 130,000 I have a lot of unsecured cc and loan debt totalling - 15,000 I want to switch the 20,000…
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95% mortgage help!
Hi all, My other half has a mortgage with co-op and it's a 95% loan to value mortgage. We are now looking to move out, but what would our options be? The only thing we can think of is buying a house at a higher price to try and off set the LTV ratio, but that would involve losing a fair bit of money. The mortgage is worth…
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Would we get help???
Hi all, i'm hoping someone will be able to help me.... My husband may well be signed of sick due to ill health and we have no insurances to help with mortgae and bills and i was wondering if anyone knows if we would get any help or would we have to sell our home and get a rented house. I work part time and we have 2 young…
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remortgage 3.64% but £10k short
Last month of the mortgage fixed rate at 5.69(leeds building society)going up to 7.06:eek: so obviously changing norther rock offering 3.69 but at £10K less than the mortgage or 5.29% for what we actually owe so should we go for the 3.69% and take out a £10K loan elsewhere to get the lower interest rate, is that possible…
