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Proof I have saved part of my deposit required by mortgage company?! Please help!
Hi and thank you for any help you can provide. I am a ftb and have been gifted a 25% deposit by my parents. I am self-employed with accounts and have previous bad credit (7 yrs ago). Since then I have had no loans or finance of any sort. I have been refused several mortgages from different companies which has resulted in 6…
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mortgages for limited companys
please can someone advise where my limited company can obtain a mortgage to buy a house to renovate. we already have 2 properties with no mortgage that are being let, and want to use these as equity for a loan. would welcome some advice as having great difficulty in finding someone to lend us the necessary funds.
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How to get my first mortgage
I recently went to a mortgage broker to enquire about finally getting on the property ladder, unfortunately 3 things got in my way before I even had a credit check. I work on the cruise ships (cunards Queen Elizabeth) and 1.get paid in dollars, 2. dont pay tax 3. am out of the country for more than sixty days of the year.…
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Self employed mortgage help!!!
Hi was wondering if anybody has any advice at all?! Im desperate.:mad: My situation is this...we're first time buyers with a 10% deposit on a £76000 house. We're only asking for £68400 morgage but we keep getting turned down. I myself have no unmissed payments on anything for the past 3 years and my partner has only 2 in…
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Need advice
Hi all, This is my first post so I apologise if I do anything wrong? I will cut to the chase... We currently own our flat and have been paying our mortgage with no problems and no missed payments from day 1 (nearly 5 years now). I dont want to go into this much but during our first year living in the property we had to…
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support required
Hi looking for some advice. My sister and I are looking to purchase a property together, to enable both sets of families to live together, we have seen a property that we would like, but the question is could our mother use her property as the depoist, as she would be looking to sell her's to move in with us. Her property…
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Offset Mortgage and which one?
We are in the process of buying a property (around £220000 -55000 deposit) and have been shopping around for mortgages. We have been told to look into offset mortgages as we could overpay around £20000-£25000 a year. Are they really the best solution for us? If yes, which would be your recommendations? Thanks a lot, Berto
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porting mortage can someone explain
we have a mortage worth 96000 we owe 91000 we have not got any deposit but thinking about porting our mortage but not sure how it works. do i get my house valued first and the based on that that is the amount i can port. also can you port my mortage which is 100% with that of 75% house share any advice would be great…
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Stuck with NRAM?
Background: First-time buyer in 2006. Got 95% mortgage 5% unsecured loan. Coming to end of 5yr fixed deal with Northern Rock (NRAM now) in Dec 11 - currently on 5.99%. So will go on SVR of 4.79%. As NRAM don't offer new mortgages, what are my options. House worth ~£173K, with current balance owed of ~£142k. I am happy to…
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How to find a mortgage broker
Aa the title says really, whats the best way to find a whole of market broker, is that what they are called? Just google 'mortgage broker' Is there any sort of things I should be looking for on a website? I'm completely new to this and have never contact a broker before, so any tips would be much appriecated.
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Please Help - it's complicated!
Hi, This may get a little complicated but will try my best to explain... I am a first time buyer, living in a property which my father owns (the property I live in has no mortgage but my father re-mortgaged his property to fund the purchase of the property i currently live in!) I am wanting to purchase this property as my…
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remortgaging help needed
Hi Im struggling to get my head round some points about remortgaging, and really dont know what to do for the best....can anyone offer some advice?? my story.... current mortgage - £87,000, rough value of house at present - £98,000 currently on SVR of 5.2% paying £567 a month (for almost 2 yrs now) For the past yr we have…
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Sub-Prime Mortgage query
Hello I'm new to this particular forum, I mainly lurk around the Debt-Free Wannabe forum. I'm currently on a DMP and looking forward to the day that I'm debt free and able to get a mortgage again. Can someone tell me what the average interest rate is for a sub-prime mortgage. Also what is the minimum deposit percentage…
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Helping out parents with mortgage
Hi all, Please can any of the amazingly helpful people on here give some advice on my situation? Parents are separated and have a joint mortgage which is ending in May 2012. It is an interest only mortgage with Natwest and they had other finances in place to pay off the balance thereby clearing the debt. The current…
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Stuck and don't know what to do
I am hoping I can get some advice on here. My situation is dire and I don't see a way out. Got a mortgage with northern rock 3 years ago for 160,000 with a further 15,000 in unsecured loan. We owe 151,000 on the flat and it's only worth 143,000. The neighbour upstairs has made our lives a living hell and it's becoming…
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Asking seller to pay stamp duty
We are wanting to buy a house which is valued at 280k mark (aiming to pay 265-270k) for it We have found a mortgage which is a great deal but we need 25% deposit to get it. This would not leave us any money for the crazy 3% stamp duty. So the question is can we ask the seller to 'pay our stamp duty'? We would increase our…
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how to get buy to let mortgage
i moved to canada ,i have a house in scotland that i couldnt sell . that i now rent. I want to get some equity from this house to help me buy house in canada. Anybody got ideas what i can do.
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Shared ownership nightmare
Help needed please I have looked all over the net for advice around this particular issue but am finding it difficult to find anything that relates directly to my situation. I purchased a property Aug 2008 on a 50% shared ownership basis with a housing assoication. When i was shopping around for mortgages and getting quote…
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Mortgage advice for next time buyers with no equity?
Good evening, I am really in need of some advice here. Before I continue, please no-one come back with judgemental replies about whether we can afford/ever should have been given a mortgage/wider society issues :) Husband and I have been in our house almost 4 years, currently not in a deal and paying a very reasonable SVR.…
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Totally confused
Hi All, I'm hoping you may be able to assist. Do you happen to know what the difference is between the rate that Nationwide advertise (5.29% for a five year fixed) and the "Comparison rate" of 4.90%? Why are there two figures involved? Also, of course as you guessed, is there a cheaper five year fixed out there (loan of…
