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Mortgage shortfall and arrears-charge over second home??
Hi All, I am new on here so excuse me if i put this dilemma in the wrong section. I will keep it to the point as i tend to waffle on under stress. I bought house No1 about 9 years ago, lived their for approx 4 years then moved out (rented it ever since) when i bought house no2 approx 5 years ago. I still live in house No2…
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first direct question
Hi, Anyone know if FD lend out on non standard construction houses? eg ex council? Deal looks good... Cheers,
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remortgage
i have a fixed rate mortgage for 10 years at 5.19 pct taken out in 2006, with the northern rock it has 5 years left to run. However i can now get 5 years fixed at 3.95. now i was told by the mortgage company i could overpay, then draw as long as i kept the mortgage open. However the Northern Rock has informed me i cannot…
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Is this mortgage a good deal!!
With first direct fixed for 5yrs max ltv 65%. Only £99 booking fee the only fee payable to the lender. 3.69% then reverts to base rate currently 3.89% Just wondered what some of you guys think?
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First Time Buyer but PhD student!
Hey everyone, I'm looking to buy a house with my boyfriend - he has a permanent job, but I'm a PhD student. We've got a good deposit (so can do 75%LTV) but I'm struggling to find a provider who will accept my PhD stipend (not loan!) as income alongside his! Does anyone have any experience of this situation? Thankyou!! Kate…
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add on lump sum or extend term? Or both?
Hi-I have 2 years 10 months left on our mortgage with about £50k to pay on a great 1.9% tracker rate. A couple of years ago we added another 20k to pay for a car and other things- at 5.9% tracker ending at the same time. Now we are heading for a few years when we will have a lot of expense- 2 kids at Uni,one still at home-…
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Gifted Deposits
Hi all, Time to start my mission to get out of rented and into our first home. (Mad I know but fed up of the uncertainty of tenancies and moving) Money saved - £7k. Need £12.5K for 10% deposit Starting my challenge now to keep an eye on the market. To start off can someone please tell me if 5% deposit gifted mortgages are…
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help with additional borrowing for extension
hi ,not sure if this is the right place to post this question but here goes! i am having a 2 storey extension built and need some advice about the best way to finance the £25K i need for the build! i have applied to my existing mortgage company for the additional amount but they valued my house less than i was hoping for,…
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Skipton Mortgage application - can they really do this?
Hi all, looking for some advice. We had a mortgage approved in principle for a LTV of less than 75% with the skipton on a 5 year fixed rate. The mortgage was then declined. The reason they have given for this is that my Wife is on Maternity leave for more than 3 months! (Even though my wife gets 100% pay for the 9 months…
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Shared Ownership Mortgage Advise
My 3 year fixed term shared ownership mortgage comes to and end in May and as this was my first mortgage I am not that clued up on this stuff and would like to know what my options are. A little background to my situation first: May 2008 brought a 25 % share of a shared ownership property. As it was a kind of rush job I…
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pensioner parents in trouble... mortgage question.
Long story short, but my dad came to visit me today, desperately looking for help.... He is 68, and my mum 63. Both retired. I thought things were ok financially, but turns out i couldn't be more wrong.... Firstly, they are up to their necks in credit card debt, some of which is just insane (£15k on a store card at…
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Impact of Overseas Mortgage on Mortgage Application
Dear All, I want to try and buy a pied-de-terre in the UK, over the next 6 months or so. I currently co-own a Holiday Apartment in Portugal, with my best friend. We brought this property in 2007 as an investment, and have so far, always managed to let it out (holiday lets) sufficiently, to easily meet our outgoings.…
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WARNING: Post office/Bank of Ireland Mortgage - cannot complete
As I'm sure you know lenders insist that you have adequate building insurance before you drawn down and complete a mortgage. Bank of Ireland impose an additional condition on the insurer - they must notify the lender if the building policy lapses or is cancelled. I can't find a UK insurer that will meet that condition.…
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Mortgages, Being "Proceedable" etc..
Hi I'm a FTB, and starting to look at properties. I have an AIP from Post Office for my mortgage. I've heard alot of talk about being able to prove your finances to vendors to be looked on as "serious" and "no timewasters". Is an AIP enough? Do they expect a full mortgage approval before they'll consider an offer? If so,…
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property as collateral
Hi, I am about to inherit a two bedroom flat that is around three years old. The home report values it at £115k, but in the current market, I suspect it might sell (if it sells at all) for around £85k. I have to move 90 miles away because of work and would like to buy a property. I will have paid off all my debts within a…
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morgage and debt together
my husband and i dont know what to do we had to sell our home to relocate the company are paying rent untill april.we only have 27.000 left after selling the house,thats all we have for a deposit on the next house. The house we like is 180.000 we have a car loan with 10.000 owing ,paying out 200 a month and cards with…
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Largest Mortgage Lenders in 2010
Anyone any idea who the top 3 mortgage providers in the UK in 2010 would be in terms of most mortgages sold? Who are the really big players in the market?
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working out the maths
hi all I am scratching my head madly and even tho i am a self confessed excel lover i can't work out the maths... i have a remaining mortgage for £32300 with the coop bank on a £117k value house. it's on a fixed rate (sorry rate not handy right now) and i am repaying £368 a month. the deal is fixed until 2013 :( I checked…
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Offset mortgage good in my situation?
Hi All, My partner and I are currently renting (paying £550 a month) and we're looking at buying a property around £125,000. She's employed, earning £15K per year. I'm a company director, previously earning around £20K a year, but I'm looking at a much higher payout this/next year - the business is likely to create £70,000…
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morgage seperation
Hi, i am currently going through a seperation, and we have started to talk about what to do with the house. We have a joint morgage and so im trying to find out as much as possible about what help i might get if he leaves. I would have to get someone to rent with me as i wouldnt be able to afford the morgage on my own as i…
