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Negative equity
Hi all, Any advice would be excellent. I have made a few financial mistakes in life and I fear they will haunt me for the rest of my days. My mortgage is 166,000 and my house is worth 132,000. So effectivly i am 34,000 short. I am happy enough in my house at the minute so should I just ignore it and start building assets…
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Mortgage / Debt advice
Hi Guys, first post so please be gentle. My ex partner and I have been split for 6 years we still are good friends and have 2 kids under 16. we have a mortgage of 72k on a 150k house with Santander together, but she has serviced the mortgage during the last 6 years with no troubles. I have not lived in the house during the…
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£110 thousand home, first time buyer, what deposit?
I'm saving for my first home but don't know what is going to be enough. I estimate the first home will cost £90-£120 thousand. What size of deposit would I need? Any past experiences?
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What can I borrow on my own whilst still in a joint mortgage?
Afternoon, I've seen a few similar threads to this so apologies for starting a new one but I wanted to put my specifics in. I am married but separated and still have my name on the mortgage relating to the property that I used to live in with my wife. We get on extremely well still and have already come to an agreement…
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Fixed term contract likely to be a problem?
Hi, My wife and I are looking to buy a house and have a large deposit saved up so the LTV ratio should be around 70%. Both of us have top notch credit scores. However, I'm a researcher at a university on a fixed term contract initially for one year, but with the possibility of extension for an additional 2 years. I have…
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Self employed and need to remortgage
Hi, basically my situation is this: I've been a homeowner for two years and I've reached the end of the fixed term on my (fairly expensive self-cert) mortgage. I'm self-employed but the last three years net profits have gradually declined (nothing critical, just a sign of the times really). Because of this santander whom I…
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Mortgage repayment - not gonna happen!
Hi guys Some advice on this would be appreciated if possible. Due to some rather complex circumstances that I won't go into here, I am in the unhappy position of paying interest only on my mortgage with no chance of being able to pay off the capital. I am 59 this year, and so have 6 years remaining on the agreed mortgage…
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Mortgage exit
Hi was hoping someone could help. Our 5 year fixed mortgage wont come to an end til Jan 2012 but the problem we are faced is that I only work part time, we have a toddler and have another baby on the way, I wont be able to afford to go back to work as childcare will cost more than I earn and our current mortgage payments…
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Getting mortgage after separation
Dear All, I'm hoping that someone here may be able to advise me - I've tried to get an answer out of quite a few people but no-one has been forthcoming as yet. I've been with my partner for 6 years and, although not married, we do have a joint mortgage on a house that we have owned for over 2 years now. Sadly, recent…
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Legal fees - advice please!
Hi everyone, my wife and I are buying a house from her parents and we had been told by our mortgage lender that we could probably save some money by using the same solicitors for both sides. We've just been in with my father-in-law to see someone and have been told that we'd have to use separate solicitors within the same…
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Northern Rock payment holiday
I want to apply for a one month payment holiday on my Northern Rock Together mortgage. I have looked on their website and it says an affordability check will be required. I am sure this wasn't a requirement last time I had a payment holiday. Does anyone know if this will involve a credit check as I am currently repaying…
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Broker help needed (Scotland)
I've got quite a few questions regarding mortgages, any help would be much appreciated. two applicants for the mortgage with big age gap. My husband is 53 and I'm 32. I currently don't work. Whos age would the mortgage companies use when calculating max term? and what max term could we expect to get? also, how realistic is…
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Mortgage Vs Personal Loan
Hi Guys, I need a bit of advice please. I am a first time buyer and have managed to save up enough for a decent deposit. However I have an oustanding personal loan of £7500. If I pay this off now, It will cost me £6200, but means I wont be able to be in a position to then buy my first property. What do you suggest I do? Is…
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Need mortgage but house worth more than what is needed.
Hi there, Myself and my other half are buying a property worth £249,000 off her parents. They thankfully have offered it to us for £130,000. We are first-time buyers. We are both professionals with reasonable incomes and good credit histories. Our question is this: Can we make that extra value of the house that is not…
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Help/advice please
hi all I am currently in the process of applying for a morttgage - have had agreement in principle and an offer accepted. i have used a broker for this and he has informed me that the lender is not happy as on my credit report there is a loan to Nationwide which appears to have no payments against it. Strictly speaking…
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where can i find a good calc to work out repayments
want to see how much it would be for £100k, £200k etc. on a fixed current deal and want to see how much current repayments would be etc. thanks
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Reserve fixed rate to hedge against mortgage rate rises?
I am currently on a variable rate mortgage at 2.5%. I have seen that 5 year fixes are now available at 4% with a reservation fee of about £200. The difference in what I would pay a month between the 2 rates is about £250. Is there anything to stop me hedging against rate rises by reserving the fixed rate 3 months in…
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Who takes bonuses into account?
Hi All the lenders talk about income multipliers, but they don't mention if they take bonuses into account, at least not on their websites. Some do, some don't, some take 50% some 100%. Does anyone know a few lenders who will take bonuses into account? Many Thanks -Web
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Mortgage permutations
Hi there, We are a recently married couple about to buy a house together. One of us has 2 properties already - one on a buy to let loan being rented out and the other on a repayment loan. She also has a cash lump sum that can go towards paying half of the cost of our new house together. What we'd like to do is keep the 2…
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Estranged husband wants me to sign house over to him via "Deed of Liability"
We bought our house two years ago on Shared Ownership and pay rent on the other part to the Housing association. I left earlier this year due to domestic abuse. Anyway, after many attempts to get me to return, husband has now turned unpleasant and is making various threats. He has now suggested that I sign a Deed of…
