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Deposit - when does a mortgage company need prove
Hi I need some advice, I am going to see a property tomorrow and have a feeling it could the one (I know I shouldn't get carried away and will try and keep a level head!) my question is this my deposit is a inheritance from my father. I have received half of it from the pension company the remainder is going through…
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Lump Sum Mortgage Part Repayment
Hi My mortgage provider state they can't answer the following question which I find hard to believe... I have £80k left to pay over the next 20 years @ 5.75% and want to pay a lump sum off my mortgage. I am allowed to pay £8k without a penalty charge and this will reduce my monthly repayments from £607 to £549. What they…
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General LTV Question from FTB
Is LTV calculated against the purchase price of the property or the assessed value of it. i.e. If I buy a house at £85000 when home report valuation is £95000 would my LTV be calculated using my deposit against the purchase price or the value?
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mortgage calculator query
Hi guys. On using the mortgage calculator search and compare on another site i am confused as to what i should include in the 'outgoings and adverse credit' part. With monthly outgoings are they asking for total direct debit commitments? or my calculated total monthly spend including all bills and food etc? Many thanks.
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newbie here, buy to let help req.
First of, hello people. Just after a bit of advice please, tried doing a search on here but not getting what i after.... Anyway here goes. I have seen a house local to me which is due to go to auction end of next month, called the estate agent, who said they are open to offers but must still complete on auction terms, ie…
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mortgage advice please
Me and my partner want to apply for a mortgage next year but we both have bad credit ratings, we will have a deposit of between 30-40k would we beable to get a mortgage? i have a mortgage already which i have had for 4 years and never missed a payment. Will this help us with obtaining a mortgage? please help want to know…
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reduce the term of a hsbc mortgage?????
hi just trying to find out if its possable to lower the term of my recently taken out hsbc 5yr fixed mortgage?? i am desperatly wanting to overpay but i can only pay 20% of my monthly payment per month so was wondering if theyll let me reduce the term hence moving my monthly payment up to a level wich is better for me and…
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Mortgage
Does anybody have any ideas or advice on the best place to start looking for a mortgage? My husband and I unfortunately have an adverse credit history and at the age of 37 I will be starting a full time degree in Sept 2011, so we would be applying for a mortgage on my husbands salary alone. Any advice or guidance would be…
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Jumpstart Mortgage help!
Hi everyone I took out a jumpstart mortgage with Bovis Homes 2 years ago which means the house I purchased was £176,995 but I could only get a mortgage for £131,000 so Bovis paid the difference of £40,000 I am currently in a fixed repayment mortgage of 5 years which is due for renewal in 3 years with Halifax. The problem…
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First Time Buyer, Mortgage help
Hi Myself and my gf are looking to buying out first house. I have been looking around and am not sure what mortgage would suit us. We have around £25,000 savings, earn around 30,000 between us and we are looking at properties around £150,000. Someone mentioned an offset mortgage to me but I dont understand it, would we…
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bit of a complicated one....
Like a couple of other people on here we have a mortgage already. The house we have a mortgage on is currently rented out (consent to lease) on a mortgage that is out of its fixed term so is quite cheap. The current mortgage is £46k and due to drop in houseprices the current value of the house is around £60k We are now…
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will it be nigh on impossible??
will it be nigh on impossible?? Thread Stats Views: 0 W W Factor Coming Soon... Share This Thread: [URL="http://www.facebook.com/sharer.php?u=https://forums.moneysavingexpert.com/discussion/3364232 [/URL] [URL="http://twitter.com/?status=https://forums.moneysavingexpert.com/discussion/3364232 [/URL] hi there, i'm currently…
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Re-Mortgage Nightmare
Morning All I'm looking for some advice/help please. In mid May my OH and I decided to remortgage moving from LTSB to the Halifax. We sorted out the remortgage with the Halifax, no problems there other than a delay in getting the Mortgage offer, The Halifax advisor has been great and helpful, and sorted that quickly. The…
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First time buyer - parent guarantor mortgage?
Hello all, I'm currently looking to buy, I graduated a few years ago from university and I'm in a graduate job with good progression. I also have a £20,000 deposit, looking for a house around £120,000. I was wondering if anybody could give advise about parent guarantor mortgages, which institutions offer them? I have been…
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Halifax random audit checks - last minute!!!!
I LIVE IN SCOTLAND AND ........I applied for a Halifax mortgage some 4 weeks ago to purchase a property. My broker applied and gave me the AIP figures based on the information I had provided him with. The AIP figure made it possible for me to put in a formal offer for a house I was looking to purchase and the offer was…
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mortgage advice sought please!
I have a very good credit rating with one motorbike 0% finance loan for £97. I have £400 outstanding on Nationwide Gold Card with £5000 limit. I have just cleared all my girlfriends debts and now she has been clear for 3 months with no debts outstanding. But still a bad credit rating. I earn £21,000 and she earns £19,000…
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FTB - change in job mortgage complication?
Hi everyone Have searched on here for similar problems but can't see anything so hoping someone can help How do banks view new jobs when considering a mortgage applicant? My boyfriend starts a new job end of this month and we are currently looking to get a mortgage. He has been with his current employer nearly 4 years and…
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How easy is it to put a second charge on a property where the owner agrees ?
Say someone has a property with a mortgage and I want to lend them a large sum of money and take a second charge on their property as security. Just how easy is that ? Moving on, can this second charge be variable, based on criteria fixed when the charge was placed on the property ? An example could be a variable interest…
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Already own, want to change to buy to let, then buy another property
My situation is I own a 2 bed flat, currently on a 100% mortgage plus unsecured loan from Northern Rock, taken out a couple days before northern rock went bust in 2007. The property was bought for £93k with a £7k loan. After 4 years of payments there is £97k remaining. My circumstances are now that I'm lucky to have £60k…
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Mortgage Advice - Bad Credit
Me & my partner are looking for a mortgage, we both have quite poor credit. Mine especially. I have recently contacted citizens advice about my situation at the moment. Alot of my defaults ar from when i as around 18 year old, andall in all i owe round about 3000£. I am currently paying 2 court fines monthly and 2 of my…
