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Default and getting a mortgage
Hi All I'm in the lucky position to be able to afford (in my opinion) to be a FTB... Current situation : Salary 65K Deposit 40K(ish) FTB, so looking at properties <250K (which would put me in the 85% LTV bracket). However, I do have a fully satisfied (no short settlement) default for 12K from March 2005, with a settlement…
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50/50 deposit - does this sound viable?
Hi all, Looking at a house £135k and believe there could be a big discount as they need a quick sale, houses in area not moving quickly and we are in rented so no chain. I would say they might accept £120k as we are in a strong position with no chain. BUT... heres the tricky bit. We have scrimped and scraped to get about…
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Surrendering my endowment
Morning I am about to surrender my endowment policy to pay off an outstanding debt, but am a little nervous about valuations other than via my provider. Can anyone recommend an alternative company from whom to get a quote? Thanks
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Remortgaging to purchase our 25% share
Hi, We have a homebuy property and we are in the financial situation to buy are 25% share which is roughly £30-£35k. Unfortunately I got into some finanical difficulty 5 years ago and now have defaults. I know the likelyhood of us getting a joint remortgage is impossible but my husband has a great credit score and earns…
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Mortgage Fees
My husband and I are first time buyers and recently went to a financial adviser about setting up a mortgage. He informed us that his fees to set up the mortgage would be £750 (this is additional to the mortgage providers fee). We plan to go to a few other places but I was just wondering if this was a pretty standard fee or…
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Mortgage hopes on low income £17000
Hi i am a first time buyer and at the moment i am earning £17000pa from a job i have been in for the last 6 years, my girlfriend has a job earning £11000pa but the contract situation there means she has to sign a new temp contract at the beginning of every month meaning she cannot be coinsidered for the mortgage. Between…
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Seeking Mortgage for self employed
I'm three months into running my business with a small amount of evidence of income, as you perhaps would expect. I have a large deposit but need to fund shortfall. Can anyone advise on a mortgage supplier? Regards
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Homebuy Direct - experiences?
I've recently been reading into the Homebuy Direct scheme and from what I've researched, looks appropriate for my needs and circumstances. Has anyone ever used this scheme themselves as a first-time buyer and do you mind if I ask for your experiences?
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First Direct: access to overpaid money?
Hi, If you take a fixed term capital repayment mortgage with FD, and make some overpayments, is it possible to get access/withdraw that overpaid money later on if need be? I can't find an answer on their website. Thanks, Seb
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Mortgage pay off/repayment calculations. help!
Hi. Could someone please help me calculate some figures. Im struggling! Should I continue to pay monthly or pay off in full? Which is cheapest? My remaining mortgage is £4930.85 @5.28% repayment. My monthly payment is £1070.56 plus £500 overpayment every month. Totals £1570.56 If I contine paying this every month the…
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Applying for a mortage and loan at the same time
Hi Just looking for some advice, I'm currently about to buy my house under right to buy but I also need to pay for my wedding and want to consolidate my debt (not much just credit card etc) Is it a bad move to apply for a loan and a mortage at the same time? By getting the loan I will actually be better of but don't want…
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Applying for a Mortgage
My wife and I are looking at applying for a mortgage. I was silly with my money a while ago and have two defaults (one is five and half years old and the other is four and a half, both are paid. My wife and I have no debts, earn a joint salary of £70K ish (secure jobs) and have at least 10% deposit. We bank with HSBC and…
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Second Mortgage Providers
Hi - can anyone tell me any companies that offer second mortgages i.e. an additional mortgage secured against my main residence? The reason for my looking is this. I have a Northern Rock fixed rate mortgage that's been transferred to NR Asset Management. They no longer offer further advances/additional borrowing on their…
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mortgage almost finished!
I am in the fortunate position in that my mortgage is about to finish.Obviously I have a good idea of what my house is worth,but what is the best way to get an accurate evaluation?
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Rolling contract whilst pregnant - implications on Mortgage Application
Dear All, My girlfriend and I have just come back from 4 months off travelling, which was fantastic in every way - indeed we have come back engaged, and she is now 4 months pregnant :j The intention had been (and still is), to seek to buy somewhere (first time buyers) in the first half of this year - and despite the fact…
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Selling share in a joint mortgage?
Hi, I still have a mortgage on a property I bought with my ex-wife. The property was bought for £140,000 under the key worker homebuy scheme, meaning we only had to get a mortgage for £105,000. We have now separated. She still lives there, and I am effectively still paying half of the mortgage. She would like to buy out my…
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offset mortgage question
Does anyone know, is it bad to have too much money in your savings for your offset mortgage? Enough money to actually pay off the mortgage?
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moving to new house and letting current home?
not sure if this is the right part of the forum but I'd appreciate any advice / experience from here. On my current house I have about 35K outstanding on the mortgage The house is worth approx 120-150k. I would like to move to a house costing about 220K. I can get a mortgage for the amount necessary. I have 20K cash to use…
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Buy to let or remortgaging
Hi, We could not sell our house for years so now we bought a new one and rent out this one. We need a mortgage and want to secure it against the old property. Do we have to take the 'Buy to let' mortgage or can just re-mortgage the old house (there is no mortgage on it) with the normal mortgage? Thanks
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FTB Help Request:
Hi. Just would like some clarity really in regards to our situation. Myself 28, Partner 23 and Child 2 are living with parents whilst we save for a deposit and we believe we are nearly ready to start looking, well in the next few months. We are looking at properties around the £110k mark and would like a 95% mortgage if…
