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Is overtime calculated into the figures?
Hi all, it's time to remortgage, but i am little worried as my wife is now part time (3 days a week) but does regular overtime on Saturdays, which makes up to full time pay. Also I get regular overtime too. Will this overtime be taken into consideration by the lenders? Figures: Joint income per year: 46k (including…
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NRAM Mortgage porting facility
Just wondering if anyone can offer any advice on how the NRAM porting facility works. I understand that NRAM can offer no additional borrowing. My house is valued at approx £110000 but will likely to get £105,000. The mortgage is £115000 so leaving approx £10k negative equity. Could I port the £105000 mortgage and pay for…
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help on new mortgage!
can someone clear this up for, bank were a bit unhelpful. In short for my salary, I've told I can borrow #63,000 - I have cash available of #7500 - but what they didnt explain is what is the highest property I can go for i.e I have seen a flat valued at #68,000 help please!
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Single applicant mortgage:can husband's wages be classed as additional income?
Hi As my husband has only been self-employeed for approx 12 months, I will apply for our next mortgage in my name alone. Am I able to list any of my husbands earnings as 'additional income' which is what all the mortgage calculators ask for to determine what I can borrow? If so, does this have to be paid into my bank…
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Buy to let mortgage... without the mortgage
hi guys, just wondered if anyone could answer this as ive never bought a property before and ive been considering it... but dont fancy getting a mortgage anyway thinking about buying a flat, putting down a deposit, but living at home (for the next 2 years as im training and dont really live at home anyway normally put up…
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Self employed and need mortgage, HELP!
Currently have a 30k mortgage with the Halifax, and want to move house - keeping mortgage the same amount and to roughly same value house, 140k. So a healthy LTV, and my credit file is good, but I'm self employed and income is currently down on previous years due to recession, 9k now and I pay my wife a wage of 3k. A…
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Consent to let / Interest only mortgage
Dear All, We are now out of our fixed term repayment mortgage and want to get a new fixed term interest only mortgage from the same provider.This is with a view to asking for consent to let. Upon mentioning the possible let of the property in the future,the mortgage provider has pushed us towards a buy to let mortgage with…
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First time buyer - Mortgages advice
A friend of mine directed me to this site as he said it would be a good starting point. Basically, l'm wanting to weigh up my options with first time buying. I'm on half decent money and have savings which l'm paying into every month. I've done the online calculators that you get on most mortgage related website, which l…
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morgage help
i have a quick query i was hoping some one may be able to help me with. i have recently been denied a morgage from RBS due to the house i was after being built after 2005. they claim that as its relativly new that it will drop in price and therefore not be worth the money i am paying for it in the next couple of years. the…
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Co-op 10 year fixed rate
Hi, Just to let anyone who might have been considering the co-op 10 year fixed rates, 5.09% no fee and 5.29% £999 fee they are apparently being pulled tomorrow. I was getting some quotes on their 5 yr fixed rates earlier and the guy mentioned they had two 10 year fixed rates available but i would have to apply tomorrow as…
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2nd Party on Mortgages AWOL
Hi ladies and Gents, its my first post here so hope it all comes out ok. I am seeing if anyone here may be able to help with some advise, it is regarding my mother. She lost her husband (my dad) and was forced to move as they ran a pub and the brewery felt my mum couldnt cope on her own. She found a property but could not…
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Help please I am in a panic mode
Hi all, Just was on the phone to ybs doing a approval in principle for a joint mortgage, 75% LTV. As he hit the 'credit check' button on me first, a couple of silent mins later he said 'right its asking for more more information and Ill call you back'... Its been 3 hours and no call back so Im so worried, we are supposed…
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Mortgages - partially throwing in the towel :'(
This is difficult... After a recent change of circumstance and checking my account statements online, i am about to take the decision to contact my Mortgage Provider ([Sub-]'Standard Life') and inform them that i'm starting to struggling with my mortgage repayments. I currently have an SVR mortgage. Before i do though, i…
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Santander Mortgage Statements
Thought I would post to see whether anyone here has ever encountered a similar problem to me regarding obtaining a copy of a mortgage statement...a seemingly straightforward request to which my mortgage lender santander charged me £25. Fair enough I thought I need a copy of the 2010 statement for another mortgage I am…
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Tracker versus fixed for someone immigrating
My story in short: Immigrating soon, but keeping my house here in the UK. I am currently on 0.79% over the BoE rate, which means 0.5 + 0.79 = 1.29% We are, simply because it is very unclear as to whether rates are going to go up and if so, by how much in the next 5 years, been looking at fixed rates, just to hedge our…
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2nd Mortgage
Hi, I'm looking for some advice on taking out another mortgage on a new property while I already have a Consent to Let mortgage on the other house. My first mortgage is for a small flat which was taken out on 5 years fixed rate deal. After 3 years, I moved in with my partner as there wasn't enough room for both of us.…
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Transfer ex partner off of the mortgage
Hi, I was wondering whether someone would be able to help me. I have recently split from my partner and we have agreed that i will take on the property and mortgage. I have tried to get the mortgage transferred into my sole name however unfortunately like many others we are in negative equity and my mortgage lender will…
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Bad mortgage advice
During the 1980's i was self employed and paid into two private pension funds. My bank manager at Barclays Bank advised me the most effecient mortgage tax wise for me was a Pension Mortgage. Basically i paid interest only and one of my pension funds had a charge made against it so on my retirement it would pay the lump…
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Guarantor mortgage - anyone in the know?
Hi all, I hope you're all well? I was wondering if anyone would be able to give me some advice: Currently, my dad owns our house on an offset mortgage, due to the fact that Husband and I didn't have the right credit rating when we looked at buying property. That's 2 years ago in March, and dad's now decided to emigrate so…
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Dutch guarantee scheme
Hello, I have a mortgage with ING, and am also considering moving my savings there as they offer good rates. However, I'm concerned about what might happen in the (admittedly unlikely) event that ING go bust. I understand that my savings are protected up to €100,000 and that my mortgage would probably be transferred to the…
