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Mortgage & credit rating query
I moved in with my girlfriend a couple of years ago whilst renting out my property, which I have finally sold. I want to be added to my girlfriends mortgage, however, she has a poor credit history. My credit history is very good. (I want to be added to the mortgage, not only to contribute, which I understand I could do…
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Mortgage Calculators
I realise this is probably a very stupid question, but I would be grateful if you could bear with my ignorance. I'm not too hot on finances anyway but mortgages/remortgaging is a very definite weak point. I have just been playing around with the London & Country mortgage calculator. I decided to put in £10792 as salary in…
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Advice needed - FTB really wants to buy, can we?
Hi guys, We need some advice please. :) My fiance and I really want to buy/have our own house. We've been renting for 7 years and want to have something to call our own and something to show for it rather than chucking money away renting. Bit of background, fiance is 32 and a MOT tester/Mechanic and earns around £27,000 py…
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SVR and fixed rate mortgage question
I'm an FTB looking at mortgages and trying to work out how much I'll be paying once the base rate gets back to a more normal level - which for the sake of this question, I'll call 4 - 5%. At the moment, many lenders SVRs are around the 3.5 - 4% mark, with fixed rates at e.g. 4 - 4.5% for 3 years. Of course at the moment…
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A little advice RE mortgage and loan?
Hi all, i first got a mortgage 5 year ago now and didn't really know much about them. I went to a advisor and she sorted me out with one with Northern Rock but was split into 2, about a £105.000 motgage and about £20.000 loan on the same terms as the mortagage as this is how they worked it, I took them both over 35 years.…
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Transfer from joint to single person mortgage advice
Just after some advice before I go speaking to the mortgage company on Tuesday. My situation: Partner and I have separated (not married), she wants to walk away from the mortgage. I'm not sure what to do. I put in 20k, she put in 8k, on a 10% deposit, the house has dropped in value and as a rough guide I'd say if we sold…
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Mortgages - Employment Period
OK hello y'all. I am graduating this year (woo) and starting my job in September. Now I am going to buy a house ASAP, or near enough. Looking at a few banks/bs's they do not seem to give an indication of how long I need to be employed before they would consider me. Co-op say "Last 3 payslips and a P60", which is pretty…
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Parents want to raise 20k
Hi All, Hoping to get some advice for my Parents (Dad 70 Mom 55 both on disability benefits now ((most likely for life)) due to stroke and long term illness), home owners (3 bed 130k mortgage free) would like to raise around 20k for retirement spending over the next few years. Would a re mortgage be best practice? If so…
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Where do we stand ? which way to turn?
My husband and i have been discussing the future this weekend. we have a mortgage of £101k weve set it to 21yrs as off a few months ago ( no tie in as just adjusted the length of time) We have 3 small children all under 5yrs im self employed but have no accounts as this is new. Hubby earns 30k with regular bonuses, shift…
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Adding a CC debt on to a Mortgage
Hi All I am a soon to be FTB, I have a 12k deposit saved which would be 10% as I am looking at properties around the 120k mark, I have just cleared 1 credit card and still have 1 left for 3.5k, I got an AIP from the Halifax for 110k, I am just wondering would I be able to add the CC debt to my mortgage if I got a cheaper…
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Disclosure of incentives... affecting mortgage offer?
Hi, I am close to exchange and completion of a new build property. ( i already have mortgage offer etc) My solicitor mentioned that we need to send a disclosure of incentives form off to my lender before exchange as they developer is now paying my stamp duty - this was agreed after offer and after valuation - so was not…
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Current best buy fixed rates 85% LTV
What are the best deals people have seen for 2yr fixed rates at 85% LTV. We would be looking to lend £148,750 on a £175,000 purchase. I spoke to a whole of market advisor who came up with 4.69% which I work the monthly repayments out at approx £770. I have seen one with Norwich and Peterborough BS for 3.99% (but has an…
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FTB mortgage advice needed
Hi all, As a FTB looking to invest in a property in London (shared ownership) I wondered what kind of mortgage you'd advise getting? To give you an idea I have a deposit of approx £10000 (hard won!) and would like to make payments on my debt so not interest only. The kind of place I'm keen on would mean borrowing approx…
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Mortgage on family's property?
Hi guys, looking for some advice as to how i can obtain a mortgage for our situation: We are sold stc and my parents were looking to downgrade from a 4 bed house to a bungalow, we've come up with an idea that all parties are happy with to build an extension, 'granny annex', whatever you want to call it adjoined at the back…
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Mortgage Advice for Self Employed
Hey guys I have just become self employed in the last four months (with a steady income) and was wondering if i could get a mortgage now or will i have to wait until i get a few years tax returns in? Many thanks
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Can i or is it worth switching a 90% LTV mortgage?
Three years ago we locked into to a five year fixed mortgage with c&g. We moved a year ago with the mortgage and added extra to it. It is now a 90% LTV mortgage at 6.29% on £220,000 which is £1300 a month and it is killing us! The ERP is £7000 i want to know if it is worth paying this and getting a lower rate mortgage ( if…
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Why Won't They Lend on a Freehold Flat?
I just saw in ING Direct's terms and conditions that they won't lend on freehold flats. Can anyone explain the reasoning behind this? Thanks
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Tell Me About ING Direct
Hi All What do people think of ING Direct? What nationality is this company, is it Dutch? Is it fully UK regulated by the FSA? Thanks
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How easy to use one property as part deposit on another without selling it ?
Say you have one property, mortgage free, worth £150k and you want to buy another property for £500k with a £400k mortgage ? Of course you could sell the first one but you don't want to. How easy is it to get a lender to take a first charge over both properties (if required) and instead of having a 80% LTV (£400k on £500k)…
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Re-pay Mortgage or Not
Hi My question is I'm retired, should I pay off the last £20k of my mortgage or use the money to fund my retirement and re-mortgage at interest only. Is it possible to keep re-mortgaging at interest only and let the money be taken from the sale of my property after I die. Would it be possible to do this and does anyone…
