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FTB, Great Deposit, Mortgage Advice
Hi All, I'm looking for some mortgage advice as I am looking to buy a house for the first time at some point in the next year. I'm in a very fortunate position in that I have a substantial deposit (obtained entirely through good old fashioned saving for 10-15 years!) so will only need to borrow a relatively small sum, but…
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Tracker, Offset or SVR
Our current 5.04%, 5 year fix with Britannia ends on 30/07/11 and we are looking to remortgage. We currently owe £24900.00, property worth £230000.00. After 30/07/11 we revert to Britannia's SVR of 4.25% on a 5 year term. We have acquired 200m2 of land from the property at the end of our garden. We are going to build an…
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First time mortgage for temp contract
Hi We were wondering what the chances of getting a mortgage using our joint salaries were. I earn 20k and am on a permanent full time contract My girlfriend is about to start work for a charity and they only give out a rolling one year contract due to funding levels - although the assumption is that this will be renewed,…
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Buy to Let/ Unemployment and Divorce
I own a property with my soon to be ex wife with a value of approx 260k, the mortgage balance is 178k. I was made redundant in April and have redundancy insurance to cover mortgage payments for a year. My wife now wants to get a move on and leave our home and also have her name removed from the property. I have the money…
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genral enquiry to mortgage advisers
Hi, second new thread in two days. I have had plenty of advice on my original thread which I thank you all for. However I would like to put a general question to experienced mortgage advisers to possibly give my wife and myself peace of mind should the worst happen in our current situation Without analysing what has gone…
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Retention Question Please
Heres the scenario chaps............. Trying to buy a cottage at auction and our maximum bid will be £215k Will have a deposit of 80K , so need a mortgage of £135k The cottage needs TOTAL renovation and we will have £75k of our own money to do the work, if we win it The question is , what are the chances of the mortgage…
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Advice needed on mortgage.
Hi there. I move into my new property on the 1st july, 5 weeks away on friday. This is the problem, i've been told by my solicitor not to apply for anymore credit until i receive a welcome pack from my mortgage company, or a welcome letter stating when my 1st payment will be taken. She said some lenders do additional…
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mortgage - what are the necessities ?
Is it compulsory to take out Life insurance and Crtical illness cover ? this is my first mortgage........
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Most Competitive Lifetime Tracker Mortgage Rates Currently?
Hi Guys I was just looking at Lifetime Tracker Mortgages at HSBC. Can anyone suggest other competitive providers for Tracker Mortgages? E.g. HSBC Lifetime Tracker Standard, 80% LTV, tracks Bank of England Base Rate + 2.49%. What is the most competitive tracker rate anyone has seen? Shame I couldn't afford a mortgage when…
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Remortgage to move but have big debt
Long old story of how the debt has built up, all around a failed attempt at bettering ourselves being stopped by the recession.....but I owe around £50k. I have these on repayment plans that are frankly embarrassing. I am in a situation though that we desperately need to move for the sake of our family.... we have a…
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How can we make our 'mortgage' official?
My parents have lent me money for my house. It is less than 50% of the value of the house. There is no other kind of mortgage on it. I am leaving the country for a couple of years so will be renting the house out. My parents have agreed to maintain the loan but we want to make it more mortgage like with a close to…
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BTL fees, every time?
Hi. I wonder if one of you nice people can quickly shed some light on this for me... Im looking at a BTL and may end up having to pay around £6000 in arrangement fees to secure a two year product. After two years if I want to change provider will i need to pay their BTL arrangement fee, potentially another 3%, or, since I…
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Mortgage and Debt
I have an outstanding loan and about to apply for a mortgage. will the advisor ask what the loan was for? Mol
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Borrowing more for renovations?
We bought our current home around 12 months ago for 122k but it was originally on the market for 145k and i suspect the true value is around this mark. I would like to do some renovations to the property including a garage conversion to extend and fit a new kitchen plus make an extra room. Put stairs down to the basement…
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Can you take on someone elses current mortgage ?
My Mother in law who is disabled and confined to bed lives in a 3bed house with my sister in law as her carer. She needs to be in an adapted bungalow but cannot get one as she has her house . We are trying to get on the property market but don't have the big deposit required for most mortgages. My mother in law has…
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Purchase Price Not High Enough To Get Mortgage
Hi, I've just got a mortgage in principle from National Counties. The place I am looking to buy is up for £130,000 although I think I've got a good chance of getting it for £120,000 - £122,000. I have 20% deposit. National Counties will borrow me upto £100,000. When I was filling out the mortgage in principle form online…
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Offset - need help...
HI All, Our fixed rate is coming to an end and am not sure whether to go for offset now. We only have 67,000 left on mortgage with 15K savings, used the calculator and thought it said better with offset then saw the savings at end of term are higher with std mortgage. Confused :-( Would offset be the best option or to try…
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Enf of fixed term mortgage and DMP
Hi everyone My wife and I have a mortgage with HSBC - fixed rate until March 2012. I had c/c and loan debt when they agreed the mortgage. Since then I have started on a DMP with CCCS. I am worried that when our current fixed rate expires, I will not be able to get a new deal. If we did not get a new deal then I understand…
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Downsizing to free up money!
Hi guys, I've got a feeling this will sound to most like a daft question, but I can't get my head around the it!!!! We would like to downsize our house as it's too big and we'd like to have more free cash! Now our mortgage is currently approx £158k so if we move to a smaller house and the mortgage we need is a lot less…
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Buying and Selling
Possibly an obvious question, but I'm really not sure how this would work. My flat is up for sale, (no offers yet), and i've found the house I want. I know the best thing to do is sell first etc, but this may not be practical as i need to move quickly. I have a 10% deposit saved for somewhere new, and about 25% equity in…
