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Applying for a mortgage with 'indefinite leave to remain' in UK
Hi All My wife hopes to apply for a mortgage in her name only because of my adverse credit history. I am fairly confident she would qualify in terms of income (a nurse in permanent employment, same employer for last 6 years), and affordability, deposit amount etc. She has no adverse credit whatsoever and has a credit score…
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Ditch the fix or not?
Hi all, Just asking for input to current situation. Currently have circa. £54k at 5.99% fixed until Sept 2017. Property value range £175k - 200k. Am looking at buying property for £230k, therefore increasing the mortgage. Want to have a 50% LTV so new total mortgage amount would be £115k, and deposit will be £115k. Am…
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Applying for Remortgage
In brief: Property 1 - selling for £289995.00 (mortgage of £175000.00) Property 2 - valued at £300000.00 with a mortgage of £45000.00 on it, not selling but renting out with income of £1200.00 per month. Salary 1 - £32000.00 with guaranteed bonus of £6000.00 per year Salary 2 - £20000.00 Ages 40 and 52 Additional income of…
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help please - loan or mortgage
We currently have 7 years left on our mortgage and we are tied in to our current rate for about another two months - we are about to start an extension and other home improvements - apparently with our current mortgage product we can borrow more money a bit at a time - ie when doing an extension - just write out cheques…
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Mortgage underwriters and fixed term contracts
Hi everyone I'm a prospective first-time buyer and I went to the bank today to ask about getting a mortgage. I've got a decent size deposit (about 30%), good wages and should have a decent credit history - pay all my bills in full each month, never been overdrawn, small student loan outstanding (approx £6000). I was told…
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re: frankythomas, spam moron
http://forums.moneysavingexpert.com/member.php?u=1554844 Guys, take a look through this user's posts and hit SPAM edit: Stand down, all his posts are gone!
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Can you have 2 mortgages?
Currently have a mortgage on a house and would if possible like to keep the property and rent it out and buy elsewehere, as I currently work away from home. Is it possible to have 2 residential mortgages? My current house has a small amount of equity in it, but is unfortunately in the wrong location for me.
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Help finding a suitable mortgage
Hello, my situation is rather complicated so please bear with me. Me (24), my mother (mid-50s) and her grandson (13, whom she is parental guardian of) are looking at moving out of the council estates and wish to renovate and old building or self build. We each own our current properties outright, value of hers is 80k and…
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Changing to buy to let mortgage and renting
Hi all, (Apologies but I have searched the forums but not been able to find the right answer). I was hoping someone would be able to give me some advice. My and my now ex-partner have split up. We have a house and a mortgage with HSBC - currently SVR. We bought the house for £97k and it is now worth between £90-95k. The…
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Getting ex's name off the house deeds??
Hi, My husband's ex-wife is still on the mortgage on the house that we live in as it wasnt sorted out at the time of their divorce. We were advised to go for a transfer of equity to get her name off and my name on, however the bank turned us down flat as our credit score is not great. We have heard that we can get a legal…
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If I don't agree with property valuation
Hello, I've just had a chat with a person doing a valuation of the property we're buying. He's informed me that the ING bank (to which we applied) requires to value the new build property as "second-hand". When I've asked what his definition of second-hand is he says "An old property in a bad condition". ???? :mad: I was…
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Ex Council in London 7 floor building, 30% Deposit
Hi, I am finding it hard to work out who will lend to me when buying an ex council flat in a building that has seven floors. Is there anywhere that I could look for this information? On the surface it should be a done deal with a 30% deposit, a 10 year repayment plan and monthly payments that will be only a little more…
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Best 75% LTV 5 yr fix on the market?
It is time to remortgage, and our Natwest Mortgage is going to drop to the SVR of 4%. At present, after looking at the 'usual suspects' and the MS search tools, the best rate I can see for a 5yr fix is the 3.99% with £995 fees with YBS. Some info below: Mortgage balance. £165k House value: £240k Joint income: £51k Does…
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Mortgage payment holiday
Hi everyone, I have had a repayment mortgage with the Halifax for just over 3 months. I am having some personal difficulties at the moment and was thinking about asking them for a 2 month payment hoilday. Has anyone done this with the Halifax? I was also ondering what kind of reasons for having the holiday would be…
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selling house in negative equity
hi i have a house which is in negative equatiy but i am desperate to of load it so that i can peruse a career abroad. the house is in around 8% negative equity(5k) and i want to off load it ASAP. i have a mortgage with Santander, what is the liley hood they will let me sell it with negative equity and then pay them the…
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remortgage for 60's
Hi there my mum and dad are coming up to 65 yrs old and currently have some out standing debt can they remortgage and release some equity to pay off all the debt and leave themselves with 1 easy to handle mortgage payment? they require a littleover 50k over a 10 year period with there house being valued at approx 200k is…
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Charged for changing a DD payment date!
My company has been taken over, and the new parent company has a different payday. Therefore I need to move my DD [payment date a few days back, or there will be no money there to collect! Santander are going to charge me £150 to move it back by a week! Does this sound fair? Now I realise as I am on an variable rate…
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Overpayment Advice please
Hello, Can you help me with pro & cons with some facts and figures? I am possibly looking to overpay 40k on my mortgage. I can do this without penelty. I currently owe 80k at rate of 4.78 unfixed I have 25 years to run I also owe 10k unsecured at same rate. Many Thanks Tom
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Short term self-cert mortgage?
Any ideas or recommendations for someone wanting a short term or bridging mortgage, 60% equity with 40% deposit, for say 6 months, but self employed with no accountant to certify the accounts, so self-cert needed.
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Mortgage PPI / Migp
Hi all - is Mortgage protection other wise known as mortage indemnity guarantee premiums claimable. basically took my 1st mortgage out in 2001 - at the time i worked for a reputable insurance co. Royal Sun Alliance and bought my house through their estate agents Shipways. The loan for mortgage was provided by NatWest…
