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Not Sure whether to go for it...
My parents have given me a deal to buy the 2nd house of them and they will give me £40,000 as a deposit which I will need to pay back when i sell the house. The house is worth around 180,000. My sistuation is: I have £3000 in the bank A car worth £5000 which I may sell. I earn £20000 a year basic but normaly get alot of…
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First time buyer?
I hope this is a quick question, but given the minefield that is mortgages I doubt it will be straightforward. I'm recently divorced, as is my new partner. We live together in a private rented home and are looking to get into the houseing market. Neither of us has owned a house in the last 10 years, so do we qualify as…
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Not Perfect Credit - Which Mortgage
Need some advise. I fully intend to see a mortgage broker but am interested in your opinion also. My credit file shows 2 defaults which have both been settled. They are dated 2005 and 2007. the total amount for these 2 defaults are around 6k. I have perfect credit for 18 month with a few late payments on a mobile phone…
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Removing an ex partner from mortgage
Hi All a work college of mine wishes to have her ex partner of some 4 years removed from the mortgage and relinquish any claim to the equity in the property (small as it is), she has agreed a settlement figure with her ex, but can the mortgage be transfered to her in sole name?
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Mortgage for a property abroad?
Hi I am building a house abroad (Poland) and need a mortgage to finish it off. Does anyone know any banks etc who would lend against a property in Poland. I only need £90k to finnish it off and the property will be worth roughly £300k? I have spoken to Barclays, Lloyds and C&G and they were less than helpful? Thank you
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Final mortgage payment - except for £1. A good idea?
I have just tried to make a final payment on my mortgage but was persuaded by Nationwide to pay everything except £1, which I would continue to owe them (no interest added to this, they promised). In exchange for this, they would look after the deeds. Am I getting a good deal - care of my deeds for £1? Or does it mean that…
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Sense check
This month my 5 year fixed rate (4.99%) with Nationwide ends. Due to house value erosion, my equity is still pretty sucky (approx 12%). The fixed term deals available to me are in the 7% range, however when my deal ends I will be falling onto a rate 2% above base rate. I am thinking my best move is to do that and continue…
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Short lease, extend or not?
I feel a little silly posting this as there's most probably a very simple answer and I just can't see it :o Our mortgage finishes next month (woohoo!) but the lease on our flat is down to 65 years and will cost around 25k to extend another 99 years. My husband has spoken to a financial advisor who said that if we want to…
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GMAC mortgage
Hi all, I am looking to clear my mortgage however i remember reading that GMAC would accept a lower amount to clear it? Did i read it correctly or am i wrong? Any help appreciated Matt
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MSE News: Halifax - House prices fell during April
This is the discussion thread for the following MSE News Story: "House prices fell at their fastest annual rate for 18 months during April as weak consumer confidence caused buyers to stay away from the market ..." Read the full story: Halifax: House prices fell during April This thread is not in the 'discuss house prices…
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Santander Sign Transfer Form, How Long?
Hi, I am in the process of transferring a house and have just completed form TR1, we have full mortgage offer etc already in place. The solicitor has informed me that we are waiting now on Santander signing the TR1 and sending it back, this has been done today. Has anyone had any recent experince of this and how long it…
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Joint mortgage but different repayment rates
Hello all I hope that somebody can offer a solution/suggestion to this scenario Myself and my partner are currently looking to buy a property together. She's a first time buyer but I currently own a flat with around £50k left on the mortage. We'd both be putting in an equal share and would need to borrow around £100k in…
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Gifted Deposit from fianc!
Quick question for you mortgage experts... My fiance and I are hoping to purchase later this year. She will be stumping up half the deposit and I will match this, plus I will pay for all fees etc. The thing is, I'm classed as a FTB but she isnt, so i wondered if it would be possible for me to get the mortgage in my name…
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nightmare with Natwest
I have been banking with Natwest since 1998 - when I started uni. My credit score is excellent and I have a very good job and a good wage coming in. I have managed to save a 20% deposit and a Mortgage in Principle from Natwest. As soon as my offer on a house was accepted I rang Natwest and went through a full mortgage…
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SVR better than my fixed rate - confused!!
My fixed rate mortgage with Santander which is 5.72% ends in June and I have been sent a letter by them advising I call for a better reate before I move to SVR, which is according to the letter, 4.65% (4 point something anyway!) I rang them and they were offering me fixed rates which had a rate higher than this SVR and I…
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Buy-to-let mortgage rates?
My house is valued £175,000 with no mortgage. I am looking to buy a house for £130,000. I will be getting £750 pcm rental for my own house and my salary is £18,000 per year. It seems to me that my greatest outlay is the arrangement fee and am of the opinion that it is better just to get a buy-to-let mortgage for the whole…
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Complex Mortgage Application/Question Please
Hi there, I'm after some Mortgage advice if possible please. My situation is that I've recently sold and wound up a business and so have a large deposit to buy a new home. My wife still works and earns around £70k PA. At this moment I am I guess classed as a house husband looking after our young son! I'm after buying a…
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Trust Deed Discharged for 3 Yrs - need help getting a mortgage
Hi Can anyone help? I have been discharged from a trust deed for 3 years. I now have 25% deposit and I'm trying to get a mortgage. Our yearly income is £96K and I'm looking for a mortgage of £180K with a £60K deposit....credit scoring still an issue! Are there companies out there that just specialise in people like us…
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First Time Buyer and broker
Hello, I'm a first time buyer. I'm looking to get a house worth around £130000 and have got a deposit of £45k but can increase it to £52k if required (to get 60% LTV). I've seen the lifetime tracker special at HSBC in the newspaper for base rate plus 1.89% which seems pretty good and recommended on the net. The estate…
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Interest only mortgage
A friend of mine has an interest only mortgage, she's 58 and will retire at 63; at this point she won't be able to afford it any more. Is any help available to her ?
