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Buying from deceased Family estate
Hi, It might be better for me to speak to a mortgage advisor but thought i would ask here see if anyone has similar experience? My great Aunt has recently passed away and left her house to my Dad and Aunt, we have been given the opportunity to but the property at a reduced value from what it is advertised( its advertised…
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Ex Pat mortgages?
My brother and I would like to buy a property together in Scotland which I would live in. He lives abroad and we've been told both by his bank and a mortgage advisor that we couldn't get a joint mortgage because of that and it would have to be in my name only. I would much rather it were in his name only as I don't have a…
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BTL Bank of China
Hello, I would like to know, before applying, how BoC work out how much they will lend. I have been told by a broker that they will lend max 75% LTV and that the income has to match 100% of a repayment mortgage. But then the figures he quoted me were more 60% LTV and a repayment of 70% of the income. If anyone is able to…
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nationwide mortgage
I'm sure the answer is no, but if i pay to get out of my mortgage agreement (currently 3 yrs left at 6.18%) can i go onto the nationwide base mortgage rate of 2.5% (as i took out my mortgage before 30th april 09). It's capped to go no higher than 2% above base.
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DEFAULTS - SIX YEARS OLD DEBTS - do i 'let them go'? / what happens then?
erMany thanks for any help with my situation :) :) ... I have 5 defaults on my experian report, around £10,000 total. They will i believe disapear from my record after 6 years which is only a few months away. My question is, that i am probably going to let these debts 'vanish' from my records. Does this really mean i would…
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Looking for advice re: stay or switch mortgage
Hi All, I wonder if anyone can advise whether to stay or switch mortgage. * We (wife & I) have an off-set tracker mortgage with First Direct. * We took £85,000 capital repayment mortgage out on £250,000 property. Started mortgage Apr 09. * Paying 2.39% + BoE Base Rate (currently 0.5%), so 2.89%. * Monthly payment of £389…
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DH's name only on mortgage and house deeds- how does this affect me in the future?
hi, I wondered if anyone could help me just wanted a bit of advice or anyone else been in the same situation? My husband and I have been married for 5 yrs and have three children. We have sold our house and are renting. The house we are buying should complete in two weeks. My husband has asked me to sign some forms this…
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ex not paying mortgage
posting this for a friend can anyone help . he is currently going through a divorce with his wife , he left the marital home where she now lives with the 3 children and it was agreed that she would pay the mortgage which is in his sole name . now she has stopped paying the mortgage , which will affect his credit rating .…
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Need solicitors quotes - what to ask?????
Hi all I am a first time buyer & in the middle of getting my finance in order. Going to start getting quotes from solicitors for conveyancing fees but I've not got clue what to ask!? Does anyone have advise on what questions I should be asking when getting quotes? Sorry if this sounds like a silly question but I'm new to…
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2 year or 3 year fixed deal??
Hi, My wife and I are currently re-mortgaging our flat. We have been offered a 2 year fixed deal for £764 per month. The fees for doing this will be in the region of £1200 including solicitors fees, searches, valuation and redemption fees. I have the option of getting a three year fixed deal for only £30 more per month.…
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Offet Set Mortgage Dispute
I have an offset mortgage with Yorkshire Building Society. Balance: £134000 APR: 5.94% Savings: £22'000 The have three options for thie offset, i have chosen option 1, Reduce currebt payments, nat payment which is £801 a month. I asked a very simple question, if i pay off £22'000 from the capital what will my monthly…
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Can I borrow more than the house is worth?
I'm a first time buyer and looking to buy a house in just over a year with my partner for around £90,000-£100,000 with a deposit of around £14,000 after some hard saving. The problem is my partner has a loan he'll be paying for the next 5yrs!! The re-payments for this are £230 per month, this will make paying the mortgage…
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Advice Needed - Nationwide Mortgage Declined - Any Hope in Appealing?
My OH and I applied for a mortgage with Nationwide. We originally had 15% deposit and were requiring £145k. My OH already owns a house, is self employed and earning around on average 40k a year net with perfect credit. I earn 26k, am a first time buyer and, unfortunately have one 5 1/2 year old default from an old mobile…
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3 Months Pay Slips from same job?
Hi, I am very close to start purchasing my first home. I am also very close to potentially moving employer. When applying for a mortgage they commonly ask to see 3 months payslips. Does anybody know if this has to be from the same employer or can it be split between old and new employer ? Otherwise I'd have to wait 3…
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To remortgage or not to remortgage
Just wanted a quickie bit of advice really, our mortgage fixed rate is up in Feb 2011 and we are wondering if it will be better to stay on the SVR with Santander or fix it again???? Difficult to call I know, we really want to stay with Santander as with the consolidation loan with Nemo attached to the house its such a…
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Fixed rate or Tracker Mortgage
Hi Everyone Im a bit stuck and was wondering for any expert advice. My fixed term 4.44% mortgage deal is coming to an end in december 2010 after which it goes into a 0.75% tracker rate for the lenght of the mortgage life term. Now, I know that the BoE cant keep the base rate at 0.5% for ever so I was wondering what the…
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Sell flat to pay off chunk of home ?
Hi all, I currently have a flat with a 50k mortgage, flats in block have recently went for around 120k. Our home has a 170k mortgage, valued at around 220k. Both mortgages are 6.7% 5 year fixed, both 2 years into the deals and 3-4% early repayment charge on each. Flat is currently let out but Im wondering whether it would…
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Which addresses need to line up for a good credit check when applying for mortgage?
The title may be a little confusing, so I'll explain a bit more. Up until about 3 months ago, I had been renting a place for around 3 1/2 years. All my bank accounts, HMRC details, electoral role etc were registered to that address (basically a good position for a credit check when I applied for a mortgage). However my…
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Basic question
A really silly one I know but.... I have a house with 20k equity in it I want to sell and move to a house that costs 145k Do I need to apply for a mortgage of £125k or £145k as I presume this 20k would be my deposit? how does it work? thanks AJJ
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Do I need a buy to let mortgage?
I'm about to move and let out my existing house. My mortgage is with Nationwide, who tell me they will increase my interest by 1.5% a month (and charge me an admin fee of £50 to do it!). On principle I'm now inclined to switch my mortgage elsewhere. Do I have to have a buy to let mortgage to let my house out? If not, is…
