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Offset Mortgage accounts
I'm about to embark a property development venture with a friend and i'm trying to work out the facts about OM accounts. I'm looking to initially release about £50k from my house to use as funds for the projects, then when it's not in use, drop it back into the pot to offset against the principle. I was planning to do this…
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Will I be approved? First time buyer
Thanks for taking the time to read my post. I know my question might be like asking "how long is a piece of string", but I thought I'd ask anyway for a rough idea. My criteria is as follows: 22 Years old Employed in same job for 4 years £18,000 basic salary, can prove £27,500 income after bonus and overtime on last P60.…
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ftb advice needed
hi all i have posted a similar post on here before but just wanted a little more feedback me and my partner are looking at buying our first house together as currently we are renting for £500 a month and have been for around 3 and half yrs. we are both 23 and have a 2 yr old boy. I earn around 18500 a year working full…
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Need help for Shared Ownership Mortgage
Can anyone advise who accepts discharged bankrupt for a shared mortgage (4 years ago). I had one default after bankruptcy which has been settled one month ago but I am still being refused a 50% shared equity mortgage - help please??
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have tenants in my house but not told my mortgage provider
hi guys I am a verrrry naive person and i own a house but due to work etc, i decided to rent my house out and move closer to london (my tenants pay £625 and my mortgage is £616). however i save a lot of money on travel. It has literally been thanks to this site that i have realised i have not told my mortgage lender i have…
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Guarantor Mortgage - how does it work?
Hi! Myself and my wife are looking at getting a mortgage for a £100k property. We have £25k deposit to put down. The problem is we are both self-employed and young so pretty much no financial hostory at our disposal. I am now a director of the family company but there are no accounts to suggest this until next year. My…
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Fixed Rate or Not?
I know that nobody can say which is the right thing to do, but would appreciate your views. Son & partner are buying a house for £230,000 with £50,000 deposit. The best offers received so far are: 2 year tracker at base rate plus 2.49% then SV rate. No fees. 5-year fixed at 4.79% with a fee of £600 and more stringent…
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remortgage completion
Have received text from solicitiors giving a date for 'case for completion' of our remortgage. what does this term actually mean?
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Buy car or redeem mortgage?
I am planning to take early retirement next year. I have a very small elderly car which is increasingly expensive to keep on the road and frankly on its last legs. I had set aside £10,000 to replace it but am now increasingly wondering if I should instead pay down the mortgage - which is currently £13,500 and has 8 years…
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Endowment Advice Please
Hi Tthis is the first time I have posted on this forum, but from what I have observed someone I hope can assist with some financial advice on the following endowments that myself and other half have. As a couple we have two endowments with Prudential (previous Scottish Amicable). The first is due to mature in April 2016.…
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Messy break up house involved!!
Hi everyone, I have been looking all over for some help on my situation for a while but don't feel any better informed than I did a year ago so I am hoping someone on here can help. (Bit of a long story) Me and my ex fiance split up in October 2009. We bought our property together 3 and a half years ago. When he left me,…
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Remortgage Advice - CC vs Loan
Hi I am due to remortgage in July my current deal is Interest only at 5.39% with Saffron (119,500 75% LTV) To enable me to get on the property ladder I raised part of my deposit via a credit card 4.9% for life of balance. (7000) and I also have an additional 3500 borrowings on credit cards 0% - due to end feb. Rather than…
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Right to Buy council houses mortgage
hi all ive now been offered a RIGHT TO BUY on my council house for 130k i have searched on here for information regarding the best lenders etc but cant find any info... does anyone know of who does Right to Buy mortgages also i dont have very good credit either? thanks
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First Time Mortgage for Older Person
Hi We returned to the UK six years ago and having been renting since our return. I'm in full time employment and aged 58, what change is there of getting a mortgage for about £110,000?
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Northern Rock - First Time Mortgage Help!
Hello, I am a first time buyer and was hoping for some advice! I have seen a financial advisor who has given us a quote on a great mortgage with Northern Rock. The only knowledge of have of this business is from when they went bump a few years ago. Just wondering if they are okay to take out the mortgage with or if this…
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How long do credit card applications effect your chances of getting a mortgage for?
As the title says really. Also Why do they effect your chances? Thanks for any help
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First time buyer unsure of mortgage eligibility
Hi, I'm a first time buyer looking to get on the property ladder, but am unsure how likely I am to be able to buy in the current lending market due to my circumstances. I'll lay them out below in the hope somebody can offer some suggestions on how my application may be considered. 1. I have a 5 year old satisfied CCJ…
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buy to let advice needed
If anyone has any advice at all, I am just trying to do some sums, but I can't get my head round it. I have a property which is worth £225k and a mortgage of £63k we have been discussing a buy to let, we have 2 options option 1 buy a smaller property, use £50k savings plus £80k mortgage and have a rental income of around…
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first time mortgage/ outstanding loans
Well after MONTHS and MONTHS of saving, my fiance and i have reacher a target of 20,000 for a deposit on a mortgage WOOHOO! We have an appointment to speak a mortgage at nationwide - i have been a customer for 10 years - in a couple of weekends time. Just want your thoughts really on what to expect - i know we need to take…
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off set
I have a mortgage of £80,000 and have recently received a lump sum of £40,000 would it be a good idea to set up an off set mortgage Thanks for any advice
