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Nationwide AIP to offer if income details are different?
My partner and I are buying a home together and I'm hoping someone can reassure me about our Nationwide mortgage app. We got an AIP on 12th jan and the valuation was done a week later. All well so far. My worries are that my partner is SE and when we gave our income details he was still waiting for his accountant to…
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Confused over mortgage...
Hi everyone...a little bit of background needed I think. My mum owns a house that she rents out. The last tenant totally screwed the place up before she ran off, and as such it has cost my mum £14000 to fix up! There is still £15000 left on her mortgage. This house was always meant to be left as inheritence for me and my…
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Mortgage
I have the opportunity to pay off my mortgage with my savings. Is this a good idea or should I keep my savings?
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Mortgage for renovations project
Can anyone recommend a mortgage that will be more flexible than others when it comes to renovation works being required to the property. The house has damp in the basement as well as some evidence of dry rot. This is a bit of a run on from a thread that I posted yesterday and we need to get a mortgage in place urgently…
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Continue overpaying or save for deposit dialema
Hi, A quick explanation of my circumstances. I own a flat worth approx 180K with 130K left on mortgage, 22 years left. I'm tied into a highish fixed (5.8%) until Oct 2012 I'm lucky enough to be able to overpay £500 a month which is making a real difference. This is on top of my regular £900 a month payment. My fiance and I…
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Mortgage? Loan to income ratio when s/e
Hi, I am self-employed, have been for 10yrs+ My o/h is full time, employed 10yrs+ Just wondering what sort of loan to income ratio a mortgage would be based on in our situation. Also, When working out my income, 1st, I presume this would be based upon my tax returns? 2nd, Would my income be the total taxable profit of the…
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Fixed ending in November
Im with Santander paying 5.04% and currently owe £133k, Im paying part interest only and part repayment there is £40k on interest only. I had a endowment which i sold and the proceedsd of this were used on home improvements large extension etc. The house is worth today approx £190k to £200k possibly even more as one over…
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Mortgage at age 58
I am considering buying the property I am renting on the Right To Buy Scheme but at 58 would I be able to get a mortgage to do this? I have previously applied to do this about 6 years ago so know that I am entitled to apply and would get a 26% discount on the price when valued. I should have approximately £45k as a deposit…
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need to move quickly but unsure of best way
wonder if somebody can point me in the right direction as I need to move fairly quickly. I have seen a house that i'm really interested in (think it must have been repossessed) as they are advertising in the paper that they have just received an offer and if anybody else is interested they need to counter offer. The house…
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Not moved in yet - House price dropped
I have an entry date of the end of this month to move into our new build house. We bought it for a fairly large sum (fixed price) from the developer. We have all missives done, we have an entry date and everything is all arranged for the money to be paid to the developer on the move date. I have since checked the developer…
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Increase in hours.....
Hi, it is likely that I will be increasing my hours from part-time to full time next month (went back part-time after having my daughter) We're also going to be remortgaing or if we sell, taking out a new mortgage, will I require 3 month full time pay slips or would a letter from my employer showing new contracted house be…
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someone kind enough to help
right can someone look at this and see what you think it would be best for me to do. mortgage outstanding is £135000, house WILL sell at £185000. fixed at 5.9 for 5 years but im 2 years in, so 3 years remaining. Settlement fee is £5000, which ill be adding to the remortgage. im getting a headache looking around at…
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HSBC fixed or tracker (plus recent change to income status)
My partner and I are coming to the end of a 2 year fixed mortgage with HSBC and would be defaulting onto the SVR currently 3.94% in less than a month. We’re wavering between their 5-year fixed rate at 4.29% (small booking fee of £99 <= 9 FEBRUARY UPDATE: THIS FEE IS NOW £999 - see the message I posted at 10:28 on 9 Feb…
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Moving House - Few Questions
Hello, I have a few questions about moving house. We have a mortgage on a property which I bought nearly 6 years ago, we are now married but because Halifax wanted a full mortgage application to add my wife onto the mortgage it is in my name still and didnt want to commit to a new deal anyway. We are now out of our deal,…
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Pension Mortgage
We started a pension mortgage around 20 years ago. The deal was that we would pay interest only payments and at the maturity have enough to pay off the mortgage with the guaranteed sum and have a pension with the remainder (yeah right). When things started to look bad for this sort of mortgage we took a repayment mortgage…
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endowment maturity when no longer linked with mortgage
A couple of years ago I was fortunate to repay my mortgage. Prior to this I had had an endowment designed to repay the capital at the end of the term. With no mortgage i elected to continue with the payments to use the plan provider to act as an investment vehicle to help with the kids university fees. I was led to believe…
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5 Year Fixed Rates-any under 4%??
Hi Thinking of remortgage my mortgage 75% LTV 80 K mortgage Currently on 2.5% Variable Nationwide Mortgage Sunday Newspapers are predicting rate rise possible May Any deals under 4% would be great? Can anyone help ?
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A loan for a houseboat
I'm hoping MoneySaving members might be able to offer me some advice. I apologise up front as it's a long story and I've already posted under loans...I don't know if posting in two areas is against the rules. Over the past few years I've been thinking about buying a houseboat on a residential London mooring as an…
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Additional lending on mortgage - declined!
Hi, myself and my husband took out a mortgage with RBS 2 years ago. I applied for an additional amount last week, RBS were happy with the amount, our income etc but when it came to the credit check we were declined. RBS couldn't tell us why and recommended we contact Equifax which we did. Hubbys credit score was good, no…
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On what date do Halifax add interest to mortgages?
Just a quick one, does anyone know?
