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FTB Questions
Hi all, first time posting on MSE, so be kind! :) Having recently got married, I am now looking to get on the housing ladder and am looking for some advice. Apologies to the old timers to the forum who have probably answered these questions many times to other FTBs! Situation: Husband and wife team Both 25 years old Jobs:…
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Will I get a mortgage?
My partner and I have found house that we want to buy. My partner currently has a £81000 mortgage with Santander. The flat we are selling is on the market for 115000 and I have £17000 to put towards the £145000 we need for the house. So that means we need to borrow approx £100,000 mortgage. We are going to the Nationwide…
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Mortgage Advice Needed
Post deleted - thankyou for all your help!
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Broker mortgage with charge?
Hi, We are first time buyers and have just had our offer accepted on a house for £170,000, with a 15% deposit. We have had an agreement in principle for a 2 year fixed mortgage with Halifax for a rate of 4.69%, which was arranged through the estate agents, Connells. We had three attempts to be approved for different…
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Declined Mortgage
I have been seeing a mortgage advisor and about 2 weeks ago had a mortgage in principle agreed for up to 147,000 with Natwest. I have had my offer on a house agreed for 148,00 and will need to borrow 133,000 (10% deposit) I then found a good deal for 5 year fixed rate for first time buyers at Natwest. This one had to be…
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Mortgage renewal
My 2 year plan with my mortgage lender has run out and the discount has stopped which meant my mortgage has recently gone up. I'm on a variable rate which is good at the moment with the rates so low. The trouble is i am in fiancial trouble and am with the cccs paying off my debts. My mortgage is not part of this and i have…
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mortgage V's pension
hi i will hopefully be applying for a mortgage as FTB iam thinking of signing up to my pension and free life insuarance i recieve through my work, however, will this be seen as a good thing on the application, (as iam "sensible and prepared") or will it be seen as another expence and hinder my application?
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Mortgage for building a house abroad... ?
Hi As this is my first post just want to say hello to everyone :D Now... With my wife we are planning to build a house with a potential buisness ( groccery store ) on the ground floor in one of the EU countrys. As the mortgages out there are really expensive ( at least more expensive then in UK ) we were thinking is there…
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mortgage guarantor
My husband and I may be divorcing. We still own separate houses, but I would like to move from mine to be nearer to his location as we have a child. I gave up work completely (I was self-employed) and year and a half ago when I was five months pregnant with my son. Does anyone know if I be able to take out a new mortgage…
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mortgage offers - deposit???
I have a very limited knowledge of mortages (in fact i know nothing!) and so i am hoping somone might know the answer to my question: If a house has an asking price way below its true value (or maybe was bought at auction for a good price) and the bank valued it higher than the asking price would you still need a deposit?…
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Fixed Rate or SVR???
I'm after some help from anyone with some knowledge or opinion on the mortgage interest situation for the foreseeable future! Halifax have just written to me to let me know that my current fixed rate mortgage is ending and that they are moving me onto their standard variable rate of 3.5%. The result of this is that my…
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Joint mortgage, different equity, different salaries
I am hoping to get some advice. We have a joint mortgage which we contribute 50-50 to each month and divide all our household bills equally. I put in 60% equity v 40% from my partner. I earn 20K but he earns 40K including company car, petrol etc. which of course he is taxed on. I notice I am feeling a bit resentful that I…
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mortgage interest rate
Ive got an interest only mortgage, my rate is at 5.04%, why is it so high?
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How much are solicitors fees?
Hiya I am a first time buyer and am trying to find a solicitor to sort everything out, the cheapest iv found so far is 825 do you think this about right for a house at 140k?
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WHERE CAN I FIND OUT ABOUT MORTGAGE RENEWALS NOW THAT I'M nr THE END OF MY 3 YR DEAL?
Hi..This is going to sound like a dumb question but it's not often I look at my mortgage stuff but I'm aware my current mortgage deal is due to come to an end in 6 months. I'm looking for renewal deals but when I do a search for 'Mortgage Renewals' not much comes up; it just seems to be stuff for 'first time buyers'…
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Arrangement Fees
I"m going to sound really thick but here goes,my fixed rate ends in April I have had a letter from Santander saying I can have a new deal with "No forms to fill in,no legal or valuation fees and no new direct debit to set up" I"ve had a look at there fixed deals and they all say arrangement fee £1035 or a couple at £995…
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Is there any way I can take the offer to get out of my dream start scheme??
Hello, I currently have an interest only mortgage of £150k against a house that cost us £200k but the builder paid the 25% deposit with no interest charges and we just pay them 25% of the value of the house when we sell it or remortgage. Up to now that has not been an option for us as the house is probably worth around…
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Gift / deposit dilemma
Hi all I am looking to buy my parents house. Its valued at £90-95k. Originally we decided i was going to take it at asking and she was going to give me 20k of the proceeds for the deposit. On meeting with the mortgage advisor i discovered that unless i can physically have the 20k in my possesion BEFORE the deal takes place…
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Help! Mortgage whilst on maternity leave... and on listed building
I'm hoping to buy a large 17th century 3 bed semi (part of a manor) in Somerset with my partner. I have a flat in London, with no mortgage; he has a house with his brother with a tiny mortgage on it which will be paid off before buying the next house. We are not planning on selling those houses before buying the next one…
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Re-Mortgage or Loan
Hi, any advice re the following please. We are hoping to do some major home improvements shortly and are looking to borrow around £25,000. Our home is worth around £110,000, with a mortgage of £35,000. £24,000 is endowment and £11,000 repayment with 5 years left. We currently pay £360 per month. Would it be better to…
