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F T B question?
My wife has had her flat now for 4 years. I now stay with her since we wed, I've never owed a house and am not on her mortgage. We intend to sell her flat next year and buy another house together. Could we be classed as FTB's if we enter into a joint mortage as I've never been linked to one in the past? Thanks
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mortgage taking into account dividend payments
Hi, I have a joint mortgage with my partner. If we sell the house and go our seperate ways i will be left with about 15K cash to put down as a deposit. My monthly wage is £450 with another £2K being paid through dividends as i am a share holder in a business. My problem is that my current mortgage company (A & L /…
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Extension/Mortgage query
Okay, I've round in circles a bit over the last few months looking at different deals etc. but the long and short is I have a house valued at #350k and an outstanding mortgage of #125k which is currently with First Active on 1.1% above base rate so paying 1.6% or #579 per month. I'm looking to take out #55k for an…
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Is there any hope I could get a mortgage?
I assumed no one would give me a mortgage, but a friend thinks otherwise, so I thought I would ask you lot! I am 47, newly single. I am on a lowish income - I earn about 15,500 a year, but I get about £5000 WTC and 6000 child maintenance, so around £26,500 per annum. I have around £30,000 from a previous house sale, most…
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mortgage advice
my son has 2 defaults on his credit both paid in full he is trying to get a mortgage with his partner they will have 15% deposit by december can they apply now as they have found a house also wont be on electoral roll until december as has just moved back home any help please
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Remortgaging LTV query
Hi, When remortgaging, is the LTV calculated with the price you bought the house for, or the current market price of your house?? I have the feeling it must be the current market value? Thanks Xinpei
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Will i be liable for mortgage that husband to be has with his ex?
I am getting married in July and at the moment my partner lives with me but pays nothing towards the mortgage/bills (he had debt to clear). His ex wants to take over the mortgage on their house but cannot get the mortgage on her own so the only other option is to sell. However, The house is about 6k in negative equity and…
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Mortgage application employment question
Hi, My partner and myself hope to move house soon. My property is ready to go on the market, My employment status is that I have been employed at the same business for 10 years but we have been taken over by a new company who say we are probationary employees and my new pay slips haven't had the tax sorted out yet so I…
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Owner occupied clause - what does it mean?
After 2 years of flat hunting, I've found the flat of my dreams, I could afford the mortgage and I have saved a big (25%) deposit. However, the flat must be owner occupied / not let out - as specified in the management agreement, I understand. I haven't seen the agreement / exact wording as I haven't put in an offer. Is…
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Help: Mortgage broker fraud, his accountants office turns out to be sex shop!
Help please My dad got a re-mortgage, at the time he was desperate for money. He asked a 'mortgage broker' to help him get a re-mortgage. I don't know what my dad was thinking, but this broker asked him to sign a 'blank' piece of paper, and then told him don't worry I'll get you a loan. The loan was with Commercial First…
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loads of equity but how to release it
Hi don't know if anyone can help me but my daughter told me to give it a try, so here goes. I have a property value estimate £269000 and have an outstanding mortgage of £42000. I am 54 so apparently can't do equity release until 55. I need to raise some cash to pay a debt. Have tried my mortgage lender but as I am…
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First Time Buyer Question
Hi Me and my partner are looking at getting a mortgage in the middle of next year. We are currently doing everything possible to ensure that we are in the best possible position to be accepted. I sent off for our credit reports from Experian, whilst mine seems fine my OH has a late payment marker on a visa card he use to…
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Remortgage Legal Fees - Help
We are just coming to the end of our 5yr fixed term mortgage with Brittania and are looking at the possibility of remortgaging. This is new ground for us as this was our first mortgage. Does anyone have any idea of ball park figures for legal fees involved in remortgaging for about £130k. Thanks for any help.....Claire
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Hinckley and Rugby Building Society
I have just applied for my first mortgage with Hinckley and Rugby Building Society. My IMA advised me to go with these as they are currently offering a good deal and more importantly they only credit reference and not credit score. I have no bad credit but also no good credit so this seems a decent idea. The APR offered is…
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Do you need a deposit for a Mortgage?
Im able to buy a house for 40k (worth about 80k) would i still need a mortgage as the value of the house is alot higher than the price I need to pay? Nick
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Nationwide invite us to fix but it costs £100s
We have a Nationwide fixed rate mortgage which reverts to base rate in Jan 2011 , we owe less than £19000 now and have less than 5yrs to run on the mortgage . I believe the rate we are on is 4.75 but intend on keeping our payments as they are at present so we are overpaying . My question is that Nationwide have invited us…
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Woolwhich Changing the Rules
I have had a tracker repayment mortgage with the Woolwhich ( now Barclays ) for 3 years and my repayment rate has always been set annually in relation to prevailing base rates. I currently enjoy a very advantageous interest rate of 0.65%. I have just received my annual mortgage Review and it states that in future my…
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Halifax demanding to move us from Int Only to Repayment - £2300 pcm hike!
So we took out a large re-mortgage in early 2009 for 389k at 1.25% over BoE base on 75% LTV. Our income multiples were OK as then we were on good money. It's an amazing deal and we were very lucky to get it. It was done over a 15 year term with redemption penalties until Jan 2014 of 3%. We had an endowment set up to pay…
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Mortgage advice for retired parent
Hi, I was hoping I could get some advice on mortgage options for my father who has recently retired at 65. He has a tracker mortage with Halifax of £26,000 over 16 years. It's base rate plus 3% and he is currently paying £180 per month. The house is worth roughly £180,000. With interest rates rising in the (near?) future I…
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Credit report shock, what to do now?
Looking for some advice :) My husband and I are looking to move as we had a baby last year and we've outgrown my small one-bed flat. As my husband embarked on an IVA in 2004, which he finished a year ago, we knew we couldn't do anything about it till his credit record was clean andthe CCJ off. It will be clean as of next…
