-
Shared Ownership - Big Mistake?!
Evening All, I am on the prowl for some advice regarding our shared ownership property. In October 2007, we moved into our home which we had bought on a part-buy part-rent basis from our local Housing Association. The value of the property was £163,000 so our share was £81,500. We put down a 3% deposit which was the…
-
Mortgages and Re Mortgages
Hello. Please can i have some help. We have moved from a capital payment on our 40% shared ownership to an interest only due to hardship. however the difference between the two is only around £50 Per month. We have been on this sheme since July 2010. Our payments to the Leeds on a 75k (40%) is coming in at £630 per month.…
-
Ballpark deposit?
I've never owned a house before so please be gentle with me, and the whole process is a big unknown to me...:o Whats the sort of ballpark deposit I would need to get a mortgage these days as a first time buyer? 5, 10, 15, 25%? I've heard so many things and I just want a rough amount to target.... Hope this makes sense...
-
Mortgage broker fee.
Hi, I was recently advised by a friend to use a mortgage advisor to get the best deal, so I looked through the yellow pages and found a local one. I went to see them and they started looking for a mortgage for me, first application got turned down, then I was offered one, which I accepted, so I now have a mortgage, all…
-
Overpayments on One Account mortgage??
Hi, First post here, so thanks in advance for any advice/help. I currently owe just under £85,000 in a One Account offset mortgage with a variable rate currently set at 3.65 per cent. There are not significant savings in the account but I am currentlly making overpayments in an effort to get it paid more quickly. Each…
-
mortgage application
hi just after a bit of general advice. 3 months ago me and my partner had a mortgage offer and were buying a property but the purchase fell through. Since then my partner has changed jobs. We are hoping to go for another house soon but as my partner has only been in his current job for just over 2 months would we be able…
-
Mortgage - question regarding deposit
Good morning, I am just after a bit of help please. My nan has just died and I have just found out that my parents bought her house 25 years ago and actually own it. If I were to buy it from them at a knock down price would the reduction in price act as a deposit for me. For example if the house is valued at £180k and they…
-
First time buyer - student spouse info required!
Hi I am a first time buyer currently searching for a family home. I have a 10% deposit for a property I have seen and am interested in. The problem is that my wife is a full time student (therefore no income) and I have 2 young children. When I put myself down only on the mortgage search (HSBC) I can potentially get the…
-
Fixed mortgage just ended....do I get a new one asap....?
Hi...our mortgage was up yesterday (had been on our second lot of 3 fixed yr with Accord (been with for 6 years)). Decided to just let it run on....had tried to get a mortgage with the post office, accepted on principal but then rejected. I have heard that interest rates will will be going up quite a bit this year...I dont…
-
The effect of a default on mortgage application
After a couple of years of hard work I have cleaned up my credit file all apart from 1 default. My credit report shows all accounts up to date and no late payments. My CCJ has just dropped off my credit file. It is still showing 1 default (credit card) which is not satisfied which I am paying off. (£7k still showing). I am…
-
Mortgage offer retracted at last minute
[FONT="]I'm not sure if this should be here or on the house forum. Basically our buyer's buyer was due to exchange with our buyers and at the last minute their mortgage offer was retracted. Apparently they (along with their financial advisor) are appealing the decision, and also applying for a mortgage with a different…
-
What to do?!
Hello Could do with some opinions please! We have a £111k outstanding mortgage with First Active on SVR 1.1% above BR for life, paying £502 atm (house worth approx £150k)- Im worried about rate changes as we have 2 kids and loan payments for the next 2-3 yrs. Could stand a 1-2% rate change but would be stretched after…
-
Getting a bigger mortgage for a new house...
I do apologise if this is a silly question but despite having a mortgage at present I remain fairly clueless on how they all work. Having understood the process of buying a house and obtaining my mortgage I am now looking to sell my house and upgrade to a larger house. What I am getting very confused about it how to work…
-
Council charge on property bought through Right to Buy?
Hi and a happy new year to all, Not long ago I phoned my mortgage provider Halifax to enquire about a repayment holiday. I was told that they could not entertain my query as my local council has some kind of 'charge' in place on the property and that this would have to be removed first. They offered no suggestions on how…
