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Gift from parents?
Hi All, I need some advice. I live with my wife and parents in our family home. I plan to live with them in the future too. Its currently too small for us so we are buying a bigger place. My parents are in their 50's. We have all agreed that my parents will sell the existing house which they own jointly, give me the money…
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Purchasing a Property with Partner
I'd be grateful for some help. Me and my partner are planning on purchasing a property together, hopefully by the end of the year. We both have jobs and I have a property to sell and my partner lives in rented accomodation. Unfortunately they live 70 miles away and will be looking to relocate to my area, including a new…
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Mortgage non-refundable booking fee
Last October we started the process of buying a house, and went for a mortgage with Santander, recommended by the advisor linked to the estate agent. We agreed to a non-refundable booking fee of £1200. Well things dragged on, but we were told that extending the mortgage wouldn't be a problem, and when it was due to expire…
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YBS 2 year fixed, no fee, 2.99%
Hi I'm currently on a fixed mortgage rate of 5.68% with 20 months left to go. There is £90000 left to pay and an early repayment fee of 3%. I have seen a mortgage deal with YBS for 2 years fixed at 2.99% with no fee. I've calculated that it would be worth our while switching. Can someone advise if i have calculated…
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Mortgage suitability
My partner and I are considering purchasing a property together, he currently owns a home so we would hope to have a deposit of around 20%. My credit history is not the best, 2006 was a bad year with missed payments and a couple of defaults, I also have a settled CCJ for £295 from February 2007. I am now debt-free as of…
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HSBC mortgage application declined
I applied yesterday for a mortgage from HSBC to remortgage my existing property. They have an attractive deal on at the moment and it would save me a fair amount of money. Having completed the form (with a lot of detail) and then gone through my application with an adviser on the phone, my application was declined due to…
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FTB advice needed
Hi I'm looking for some advice from anyone in the know or who has experienced similar please. I'm looking to buy for the first time with my partner. We have found a house for £160k that we really want to buy. Together we have a £60k deposit to put down (£40k is mine, £20k is hers). We want to borrow £100k I earn £17k, and…
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Mortgage Express Port
I was wondering whether anyone here had any experience of porting a Mortgage Express mortgage or could offer any advice in general. My husband and I have a mortgage with Mortgage Express (since 2006). It is a 90 LTV self-cert tracker, with a current redemption of £105K, at an interest rate of 1.69%, that permits porting in…
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Would like to rent my property out, but my lender does not do BTL mortgages
Hi, I have a business opportunity to live and work abroad for 12 months and I would like to let out my property whilst I am away. However this is my first mortgage and I am only 1 year into my 2 year fixed rate with ING Direct. I paid 20% deposit. ING do not do buy to let mortgages – does anyone know what my options are…
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All help/advice GREATLY appreciated - mortgage issues with Halifax
Hi Everyone! I really hoping someone can help, i will condense a very stressfull 2 weeks (with many many hurdles) into the following: - Found house of dreams - shared equity 80/20 (need a 5% deposit and its a 75% loan to value) - AIP with Halifax = no issues! perfect credit score, very good income, no credit cards, no…
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Main Residience
I have bought a house a couple of years back with a friend, and can see a situation in the near future where either one of us will be looking to move in with our respective partners. Due to the slip in property prices we would be arguably better off keeping the property a little longer to hopefully get a better ROI.…
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Can you Reserve a deal before remortgaging??
At the moment we are comming to the end of our Fixed Rate Mortgage with HSBC. We are looking to Remortgage onto a better rate - most probably onto a HSBC Tracker. Is it possible to get the mortgage in place now and then sit on it for a month or two before completing it? Ok, i appreciate that with a tracker the rates are…
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Advice required on remortgage
House worth £190k with an outstanding mortgage of £80k We are planning to get the cellar or loft converted into an extra room and the average quotes have been around £18k Mortgage deal with Nationwide comes to an end in October, so my dilemma is whether to remortgage and put another £20k on it, or cash in my £20k ISA to…
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Strange situation
I am in the process of looking for a remortgage and I had a short concern about a conversation I have just had with a broker. We moved abroad about 2 years ago, and we plan on staying abroad for 2 more years and in the meantime we have rented out our property in London. Now our fixed rate term is coming to an end and the…
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New job and mortgage application
Hello i need some advice please, i would like to apply for a mortgage soon but have only been in my current job for 2 months will this be a problem and will lenders want to know about previous employment? Thanks.
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Remortgage to HSBC?
I currently have 3 mortgage accounts with the nationwide, totaling around £46k, however i guess the actual redemption figure would be lower by an unknown amount to offset the interest no longer being paid. I have looked at my bank to remortgate to, i earn 29k and only have a loan at £310 pm to cover, but how do i decide…
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Re-Mortgage
We are looking to remortgage and we have been offered a deal, however this company can only offer us a maximum loan value of 80% this is because I have my own company now and only have 1yrs worth of accounts. Does anyone know of any other mortgage company that will offer us more than 80% in this situation? Thanks
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Should I remortgage to offset? advice please
Hello Situation is:Me: single, age 49 Salary: £16,000.00 pa House just valued at around £315,000.00 Mortgage outstanding £55,000.00 Savings & current accounts including ISA's total £25,000 (will be using 5k to do some home improvements) Currently on Santander variable but have spoken to Barclays and they have offered me an…
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Fixed Rate Mortgage
In July of 2008 we were telephoned by our mortgage provider and offered a fixed rate for different periods, 2, 3 and 5 years. We took the 5 year option at 6.29%. For some time we have had the 'feeling' that the banks were anticipating a substantial drop in rates and were anxious to fix as many mortgage rates as possible…
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Could I get a mortgage with the following...
PT wages of around £8,000 pa Child Maintenance of around £6500 Tax Credits of around £10,000 with child care costs of around £3500 A deposit of around £90,000 and a very good credit rating. THe figures are just estimates because I have not separated from my partner yet, but it looks inevitable, so I am trying to work out…
