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Mortgage Payment - 1st month
Can anyone explain to me why our first month mortgage payment is so much higher than subsequent months? We will be paying £2,700 in our first month (covering 29th July - 31 August) and £1,500 in subsequent months. Seems an awful lot more for an additional 3 days, but I seem to recall the first payment takes into account…
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MSE News: Mortgage rates at record low, and they may drop further
This is the discussion thread for the following MSE News Story: "Some brokers believe prices could fall yet more, given few expect the Bank of England base rate to rise any time soon ..." Read the full story: Mortgage rates at record low, and they may drop further
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Retired Expat looking for UK Mortgage Options?
Hi, I’d be grateful for some advice on the following mortgage dilemma: My retired dad (64) lives in Cyprus but wishes to apply for a mortgage for a property in the UK to spend more time with his family. Here are some indicative figures regarding his financial status: Income: His approximate total gross annual income is…
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Mortgage on second property - not really BTL
Looking for some advice on remortgaging a second property. We have 1 property which is our main home, on which we have a residential mortgage (repayment basis). We also have a second property which our daughter lives in, along with a flatmate (both of whom pay some rent). We stay there quite regularly too (eg my partner…
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Road adoption and mortgage
One final hurdle to leap over before we exchange... an issue has come up on our seraches relating to the road adoption. the housing estate was build in 2006 and the roads are still maintained by the developer. Our solicitors have advised they need to inform our mortgage company (see bleow) Nationwide. I just wondered if…
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Non Status Mortgages
I already have a couple of buy to let properties and thinking of buying another to refurb. I`ve just started my own company so at this stage will have difficulty proving my income. Does anyone know if there are any lenders offering non status mortgages
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Have we acquired potential deposit? Could we get a 2nd mortgage?
Hi, We have recently acquired £20,000 and would love to buy a 2nd property around £100,000 mark. We are in large negative eequity with our original property (bought at height of boom in NI) and can't wait to get out of this house. ( Issues with neighbours, soundproofing, area etc-didn't realise at the time of purchase how…
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no deposit for mortgage. woud this way work?
i am currently looking into buying a house. initially i thought it would be possible to take enough out of my pension pot for a deposit (but this is not possible as my pension wont allow it). Does anyont know if i could take a personal loan out for the deposit(say 8k) then if i saw a house for 80k would i be able to get a…
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What is my total expenditure likely to be for fees, etc, for first time mortgage?
I'm just having my mortgaged agreed in principle today. That aside, I wondered what my one-off fees will be. I had a quote from a conveyancer, and she thinks my legal expenses will be about £900. I don't have to pay stamp duty as the property is <£250k (and I am a first time buyer). On top of the £900 legal fees, what else…
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ING mortgage applications
Hi all Just wondering if anyone can offer any feedback on the ING mortgage application process? Most importantly, time taken between application and offer? What was the process like? Currently trying to apply for a Woolwich mortgage but it will probably take an age to get processed, so need to apply elsewhere as a back-up…
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Halifax Mortgage Experience
Hi All, For many, including me, the whole process of buying a new house is pretty stressful and usually has complications along the way. I just wanted to make brief comment that my experience with Halifax this time has been absolutely brilliant. No delays, calls at every step, clear information and finally a lovely…
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Improving credit score
Hi, I would like to get a mortgage next year. I've just checked my wifes and mine credit score and its not good. My wife has very poor rating and I have fair. We are on electoral role and we havent missed any payments. But we did have credit card and loan debt. So I did payed it off in full. (today) We do have quite a lot…
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Barclays Mortgage Current Account Reserve
I am after some advice re Barclays/Woolwich Mortgage Current Account Reserve. My Husband (who is the sensible one with money) has about £25000 outstanding on his mortgage. There is quite abit of equity in the house, as he paid £38000 and the house is worth £110000. We need a new roof and a few other things which total…
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Can you mortgage against 2/3rds property?
Hi all, This may be a bit of a strange one this, im just looking to be pointed in the right direction if anyone knows where i would stand with this. I know very little about mortgages as Ive never dealt with them before. My wife currently owns 2/3 of her house, the remaining 1/3 owned by her ex-husband. We want to buy out…
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mortgage credit
Hi i recently went on my credit report and my mortgage appears twice . ? Both are the same with no late paments or anything . But im wanting to apply for credit but i dont want to get turned down . Is this a mistake by the mortgage company or is it normal? . Appretiate any help.:beer: Thanks
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Mortgage problem
My husband has recently died and I would like to sell my present property and move to a bungalow. My home is probably worth about £170,000.00. I have two sons and my younger son and his wife, would like to move in with me and purchase 1/3rd of the property. The bungalow we have seen is £150,000.00, so I would put in…
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Any Advice Appreciated
Due to pressures of work in 1990, My husband and I, engaged services of an independent financial advisor, with the view to buying a house. The financial advisor recommended a low interest endowment mortgage. We left all the arrangements to him, this was in the form of the mortgage with one company and the endowment with…
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1st time buyer mortage question please help!!!
Hello can someone help, im going to buy my 1st home very soon, my question is my mother is coming to stay with us for good and she will be giving me a large amount towords the mortgage from her private pension about £9600 a year, will most company's take this into consideration as a rental income without placing her name…
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How to keep great mortgage if gap between buying and selling?
I'm on the Nationwide's BMR (so 2% over base rate). And I'm also now self employed, which I wasn't when I got the mortgage. If I sell our current house without having found a new one (we're moving to a new part of the country), is there any way to hang on to the mortgage in the interim? EG my parents' house is mortgage…
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Halifax Gifted Deposit ending in 10 days?
Hi My adviser called me to say the Halifax gifted deposit scheme would end in 10 days. Has anyone else heard this? and if so Is it only Halifax that are doing this deal? Thanks.
