-
Property Valuations for remortgage - are they being conservatively priced?
Hi I am in the throws of re-mortgaging and to hit a LTV rate to acquire the preferred rate, I need to achieve what I'd describe as a realistic valuation. I have used a few online freebie valuations and they range from reasonable (and over my estimate) to downright scary! I was wondering if any of the experts know the trend…
-
Ftb mortgages with builder deposit
Hey all, Noob here so would appreciate any replies and thanks in advance. We're looking to buy our first house - we have sorted a deal with the builder for a 5% deposit match and have a 90% ltv decision in principle from Abbey. The broker says that Abbey is currently the only lender lending on this basis - others see the…
-
HSBC Mortgage Approval
Hi, first time poster to these boards and I hope you can help. My partner and I, 31 and 26 respectively, are looking at buying our first home and we have obtained an agreement in principle off of HSBC's website. We both earn decent salaries, I am on £32k and my partner is on £28k, and we are looking to borrow around £120k…
-
Please can someone help this time.
First posted this nearly one year ago and did not get a single reply. Wonder if there are any brainboxes out there who can see a way our of this for me. Things are pretty much the same apart from having taken a 25% pay cut to become a researcher for 2 years. PLEASE can anyone have a bright idea. Steve I am looking for…
-
Advice on over payments needed
I have a mortgage of £147k on a house currently worth about 210k When I took it out I was earning £70k but I was made redundant and ,after 6 months of job hunting, I have only managed to get a job earning £13k per year. The repayments on the mortgage are £1200 per month and I have been making up the shortfall in my living…
-
Shared Equity Taylor Wimpey £119,995 flat
Hi, I'm new here but have a question about Shared Equity (NOT SHARED OWNERSHIP). I have signed today for a shared equity deal with Taylor Wimpey for a two bedroom flat located on the Staithes riverbank in Gateshead. To cut a long story short, Taylor Wimpey offer a 15% deposit in the form of a 0% interest loan which lasts…
-
Mortgage in sole name rather than joint?
Hi, My husband and I have two young children and are hoping to move to a bigger house this year. I currently stay at home with my children and so my husband is the sole earner in our household. He earns £31500 pa. Unfortunately we bought our current house at the wrong time and so havent gained much in the way of profit on…
-
Hsbc
i couldn't get the HSBC tracker because Im not earning 30k sole income!! I only got 82k mortgage!! did it happen to you?
-
Interest only?
Hi looking for abit of advise here, My wife has been off on the sick for 10 months now due to stress at work, she is a teacher. I am concerned that due to the effect that its had on her health that she may not return to work at least for another 6 months if at all. Currently she has a few months at half pay remaining…
-
Mortgage based on Salary/Dividend
Hi, I have been advised that the only lender that will base a mortgage on salary/dividend income is Nationwide and that all of the others will look at the individual's share of the Company profits. Is this the case or are there other lenders that will consider actual received income rather than treating a Company Director…
-
£28,000, should i put it towards my current mortgage balance ?
I am about to sell shares worth £28k, looking at two options, - wether to invest money in savings account etc or - put money towards mortgage balance. i am looking to move in to new build house in 5 years time, either saving money as deposit or putting towards mortgage. i am due to remortgage in sept 11, and owe £92k to…
-
Release equity to fund larger deposit on new home
Hi, myself and my fiancee are looking to buy a house around the time when we get married in August 2012, for around £250k. My latest budget has us having around a £30k deposit by then, if we can get to £37.5k this will be 15%, so will allow us to get a slightly better rate. I currently own a property 50/50 with my mum, the…
-
what to do?
Hi I am new to property development. A little about my situation, I own my house outright (315k) and I have a 30k deposit avaliable. I don't have a job (I'm taking a break to look after my 2 small children at the moment). My partner has a job and is earning approx 40k per year. However, he's about to leave his job in the…
-
mortgage settlement
hi paid about 15k off my mortgage a year ago due to redundancy - charged me about £700 for this. Anyway, now owe about 3k, new job and have the money to clear, and wondered if anyone has escaped penalties if paying off early? begging letter etc Thanks
-
Is it possible...
Thought I would ask here before I go into my bank lol, dont want them to think im silly haha. Any way my question is..Is it possible to get a small mortage of about 10k?? Going in to my local bank on monday to ask them about it but a bit of background been..I am a full time university student and get the full student…
-
Need Help Remortgaging
Hi All, My first three years are up on my mortgage so its time to renew, I am currently with the northern bank and my mortgage was for 58.000 which is now down to 51,000 I have tried first direct which are offering good rates , But when I sent my payslips , bank statements and p60 from the accountant they refused me…
-
combination mortgage
HI... I have 20k in my investment, I was planning to take out 20K to reduced my mortgage from 82K to 62K and repayment on 62K. I was told to leave the 20K investment just pay 20K on intrest only and 62K on repayment?? Im confused!:(
-
How to pay off extras in dribs and drabs
Hopefully in the next month i will have two IO mortgages. I will be making regular over payments, but what i want to know is if i do some overtime and have for example £100 "spare", what's the best way of paying that off of the mortgage. I assume there won't be a paying in book,and i'm not sure if i can pay the extra over…
-
More First Time Buyers
Hello all, Myself & my fiance are looking to get our first house together sometime this year but neither of us know what our chances are at getting a mortgage. We're both in full time employment & have a joint income of around £39k. Firstly I owe £3k on a Lloyds TSB loan but I have enough saved up to make an overpayment to…
-
Best deal fixed rate repayment?
Hi I have 13 years of £158,000 outstanding on my property and would like to know what the best way to reduce the term with a competitive fixed rate repayment to say 10 years. Are there any good lenders/ deals out there? Many thanks
