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FTB, end of initial Variable Rate in sight, what to do...
All, I was fortunate enough to purchase a property in November 2009, cost of property was £94250, and I took out a 90%LTV mortgage with my bank, Natwest for a 35 year period (keep prices low whilst I have been doing up the house). With putting new almost everything (CH, Electrics, Kitchen etc) the value currently stands at…
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Buying a family owned property
Hi all, My situation is that I am renting a family owned property. I could be in a position shortly to buy it out right. As it's owned by close family (rather than distant relatives) we would simply want to transfer the deeds into my name so that I own the property outright in exchange for an agreed amount. The property…
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where to look for an endowment policy
I am currently on an interest only mortgage and need to look at setting up an endowment to pay back the capital. I don't really want to go to a financial advisor and want to set one up myself. Any ideas on where I can look? Thanks in advance DAVE
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Mortgage to be in husbands name do I still have rights to the house?
Hi! Just wondered if someone could give me some advice please. My husband and I are hoping to buy a house in the next month or two. Due to various reasons we have decided to buy the house in his name only. He earns enough to get a mortgage alone and we have a decentish deposit, all his savings. I will be paying half the…
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95% mortgage - advice needed
Hi, We are planning to purchase our first property and are in need of advice from someone, who is more experienced. I'll try to describe our circumstances first, and then type up the questions towards the end of this post Anyway, we will probably go for a 95% mortgage. I am aware this will mean an extortionate interest…
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Taking cash from one account to pay another
I have a mortgage with one of the big banks. I also have a credit card account with them which is in arrears, and which I'm paying off at an agreed monthly amount. If I sell my house and settle the mortgage, can the bank then take money from the proceeds of the sale to pay off my credit card debt?
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Comments on this method of getting a 95% mortgage?
http://www.e1buytoletmortgages.co.uk/news/first-time-buyers-mortgages/95percent-ltv-mortgage-available-to-first-time-buyers-with-nationwide-4508.html I'd be interested in people's opinions on the link above. Basically, open a nationwide savings account and keep it for 6 months to qualify for a 95% LTV mortgage. Please bare…
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Need some help with mortgages and wether our house is mortgageable
Could really do with some help please, if anybody in the know can. We live in private rented 3 bed semi, in small village. Landlord died last year and daughters took over. Estate is still in probate at the moment but they have approached us all and offered us chance to buy. Trouble is their valuation is VERY different from…
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Would banks look at my last tax return or my current income?
Hi all, I'm self employed. My last tax return didn't show a huge income because I was abroad for a lot of the year. Would banks look at my last tax return or at my income now in determining my mortgage? Thanks, larochelleuk
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Finding best 90% LTV mortgage
Hi, I've got a viewing arranged on a house for Friday and if all goes well I will be looking to be putting in an offer. The house is up for £74,950 and I have my 10% deposit + 3k for fees (all saved up in ISA). I have been n my current job for 10 years (now age 29) and earn £19,500 pa. I have no debts and car is paid for…
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Is it possible to get a mortgage on two properties at the same time??
Me and hubby 2 be looking for a house together. Currently live in 'my' house i.e mortgaged in just my name before we got together....... a couple of the properties we have seen need considerable amount of work and we were wondering if it is possible to purchase a house together whilst still living in the current house…
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Help with FTB Mortgage
Hello Hope somebody can help us please. We are in the process of arranging a mortgage after having our offer accepted. Our broker has got us an agreement in principle with Accord for a 5 year fixed at 5.49% however I have since found YBS are offering a 5 yr fixed at 5.09% We are after a mortgage of £226k with a £50k…
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0.34% over base rate - unbeatable?
Our current mortgage (with IF) is just about to go down from 0.4% above base rate to 0.34% above base rate due to the tes of the fixed term agreement we enetered into three years ago when our last deal ran out. I've enuqired about porting this to another house which is possible although with a lower amount of borrowing. Am…
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Halifax moving the goal posts ?
Hi All, In Sep-07 i bought a house with a residential mortgage (fixed 5.94%) from Halifax. I lived in the house for 6 months and then moved out. I informed Halifax and they granted me 3 yr consent to lease, charged me a fee (£499) and changed my mortgage product to a 3yr BTL and upped this to fixed 6.94%. At the time and…
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Bank statements...
After some info. I am trying to buy a house, been accepted for mortgage, offer accepted, mortgage lender is after some statements. I don't receive statements as i am paper free. Does any one know if i can use printed statements from online. they are headed with the banks logo and name and have all my details, address,…
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Sub prime Mortgages??
Hey folks, Any advice would be really appreciated. My situation in sort ran into some very bad luck last year and now have £6k over 2 credit cards & 2 defaults. I am paying these off and am on target to have them cleared by Dec. I have 10k for a house deposit, is there anyone that will give me a mortgage or would be likely…
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80% Deposit, moving to new area, no job yet...how do you get a mortgage?
My husband and I want to move to a new area, 400 miles from where we are now. We will have £250k of equity and want to buy a house for £300k so we have an 83% deposit. BUT, we have no jobs yet and so cannot prove an income to service a mortgage. Given that Self Cert does not appear to be an option anymore what options do…
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Poor credit Questions
Hi all, just looking for a bit of info or advice On my current bad credit situation. My partner and I recently applied for a mortgage and were denied due to us having poor credit, I then got an experian account to see my credit file and I have an awful score of 505. This is probably due to the ccj I got in my last year at…
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check i can get a mortgage ?
I am looking to remortgage very soon , but is there a way i can see if i will be approved first without having the checks searches etc being on the record ? Just didnt want a refusal if it was declined on the record.
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Condition of mortgage
Survey came back from the bank, just the basic one and part of the chimney breast has been removed. Ground floor has a chimney, 1st floor been removed but then there is a chimney in the loft. As a condition of the mortgage do I need to have this done prior to purchase or within a set time of moving in. Excuse my ignorance.…
