-
What Mortgage to Salary Ratio to still live comfortably?
We are looking at a bigger house. We currently have an outstanding mortgage of 0.8x our combined salary. Looking to upgrade and after taking into account the equity in our current house, plus savings, the amount we'd need would be just under 2x our combined salary. At the moment, with our mortgage payments being quite low,…
-
advice needed about mortgage please
Hi everyone, Our 5 year fixed rate mortgage is coming to an end in May and i would like some advice as to where we go next. We are with Nationwide at the moment and are not sure whether to stay with them or not. The problem is that we are in a bad position financially and in a lot of debt. We have never not paid our…
-
Options....
Coming to the end of a 5 year fixed interest only. Sadly due to getting into some arrears within the last 2 years, they are unwilling to move us onto repayment fixed, so our only option is to stay on interest only at a variable rate for 2 years. The "variable" word scares the life out of me, as I know nothing about the…
-
Theoretical and offset mortgage questions
deleted deleted
-
Endownment wont cover house purchase
Hi, Were only a couple of years from the end of our mortgage repayment period with building society. About 4 years ago we had to cash in one of the big endownments against the house due to being out of work. This last 4 years has seem some work but lots of unemployment periods. We never told the mortgage company and still…
-
Is this possible or does anybody have any ideas to share?
Me and my wife own 50% of our home. value(our share) is app 60,000 balance on mortage app 54,000, we want to move to a home with 100% ownership but understand the market isnt the best at the moment. I was wondering whether or not it would be a good idea to offer potential purchases 5% cash towards deposit upon full asking…
-
Nearly there but one small problem
Hi All, We are close to purchasing our first home. We are exchanging next week with completion being at the end of April. My girlfriend has just had a late payment which has now been paid. Is this going to affect us? We have our mortgage with Skipton and have received the offer in the post. Do they do another credit check?…
-
self cert mortgage on ag tied house
can i get a self cert mortgage on an ag tied house
-
Undervaluation
Hi All I hope that someone can help House sold STC 295K Valuation by buyers mortgae provider 280K I have sold my house on STC and have had notification that the buyers valuation has come way under the price that we agreed upon... i am now looking at a 15K difference and cannot undertsand why the valuation has been so low.…
-
avoiding fee to pay at 25 year end of mortgage
Hi My endowment mortgage (25 years) has now ended and i have the endowment payout in my current account. The Abbey/santander mortgage people want £99 off me to close it all down and notify the land registry and then send me the deeds. Do i have to pay this fee? it seems a bit mean considering i have been a customer for so…
-
Newbie Mortgage Advisor
Hi MSE, Upon looking for answers I stumbled across this wonderful site and was wondering if anyone can point me in the right direction as I am totally lost :(and have lost faith in myself to cut a long story short I passed my CeMAP 1.2.3 a couple of years ago as I wanted to join the lucrative world of mortgage brokerage. I…
-
Obtaining a Mortgage & Moving Jobs
Hello Fora!!! Its very late and I may fall alseep but here goes! We are looking at relocating to the coast to get back to the sea!! THe original plan was to just move locations in my current job as the company has offices where we want to move to, however due to changes in work of a cutback nature, this option is rapidly…
-
Confused - Can you include the 3% stamp duty on your overall mortgage?
Hi, Hope you can help, had a very confusing experience at the estate agents. We have had an offer accepted on a house for £275K from an original sale price of £315K. This obviously puts us into the 3% stamp duty stage which equates to around 8K therefore full cost of house should be 283K... We had previously thought ( and…
-
Mortgage Application & Credit Agreements
Hi Not sure as if I'm posting in the right place (i'm new here...) but was wandering if anyone has any experience with this ... I am currently in the process of getting a mortgage with the a local BS and they have searched me with CallCredit. About 18 months ago I took out a Payday loan (silly really but there we go) and…
-
Supplying documents from on-line accounts
I have been asked to submit bank statements for a mortgage I have applied for. The lender has stated that they must show the company logo, my name and address, account number, and transactions. I have three separate current accounts and they want paperwork for them all, but I maintain them all on-line. Halifax is…
-
Any advice please
Any advice people can give me to pass onto my friend would be greatly appreciated. My friend lives with her partner and their six month old son,they bought their house nearly a year ago and are paying £350 a month interest only on the mortgage.Their house is currently up for sale but so far usold. She is currently on…
-
Mortgage Help
Hi everyone need some info please, my ex girlfriend and I purchased our house 4 years ago, she has only recently left and i dont know what i should do, i cant afford the mortgage on my own as it is, its currently a repayment mortgage. Based on my salary i can get a mortgage for 83k, the original mortgage was for 90k i know…
-
Advice Needed - Deal Ending & Base Rate Predictions
Hi All, I know this question has been asked loads of times; and despite having a good search through the forum I can't really find anybody else having the same circumstances - so I thought I'd ask again. My mortgage deal with Nationwide ends in June, and I revert to their BMR at 2.50%. Today I sat down with a Nationwide…
-
Porting an Intelligent Finance Mortgage + Bridging Loan
hi, I have a lifetime baserate +.25 80% tracker with IF.com. we have just found our dream house and I know that IF will allow me to borrow the amount that I need from previous conversations. However, as we don't have a buyer for our house at present, there is a high chance that we'll lose the house that we've found. The…
-
Advice on Mortgage Brokers in London.
Hi. I am a first time buyer and self-employed. Can anyone recommend any friendly and understanding mortgage broker in London? Please let me know ASAP. I plan to buy my house in the next couple of weeks. Thanks.
