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Stamp Duty
Hi, This is my first post. Someone mentioned to me about first time buyers not having to pay a stamp duty upto £250k, which was news to me. What I wanted to know was when this tax benefit came into force as I purchased my first house in September of 2009 and paid my £2k stamp duty but may have beeen illegible for…
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Existing mortgage but wish to add husband and buy house at same rate
Hi I have an existing mortgage at a standard variable rate of 1.5% but I am now married and wish to add my husband and increase the mortgage to buy a new house. Is it possible to do this? We can afford to apply for a new mortgage together but I'm wondering if we could pay less interest and save more money this way? The…
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First Time Buyer Mortgage
Hi My salary is £50k pa but HSBC can only offer me £100k mortgage. I have accepted an offer of £152,500 and I only have 10% deposit. I have no outstanding debts, personal loan or any other mortgage. HSBC told me that it must be my credit report is not good enough and asked me to buy one from experien/equifax I have look…
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Think ive made a mistake.....help!!
Ill keep this as short and simple as i can. I wish to remortgage after being tied in for 5 years at 5.78%...i was going to wait till november as i have 6 credit searches on file ( from swapping credit cards to better rates & opening a bank account)so at least 2 of them would have dropped off. My LTV is going to be 74% on…
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Dependant Relative Mortgage and Income Tax
I am in the process of purchasing a flat for my daughter to move into using my own savings, supplemented by a Dependent Relative Mortgage. My daughter will not pay rent but will make the monthly mortgage payments. My question is, will I have to enter these payments as rental income on my tax return? The mortgage will be…
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overpaying on morgage
I know i need to phone our morgage provider but just wanted to know if you can overpay on all morgages ? Our morgage is with Intelligent Finance we are on there variable rate which is really low at the moment , would like to pay extra but not sure firstly if we can make overpayments and how much we would beable to overpay .
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mortgage again? advice needed house repairs
we have just paid off our mortgage.we still owe 9000 on a loan.it has been a painful seven years to get this far(67000).my husband is a cleaner and my job looks dodgy for next year.the house needs about 25000 spent on it.i feel at this present time we could maybe pay off the 9000 before i become unemployed .should we…
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ING mortgages?
I have recently been to a broker and am looking to borrow £126500 on a £242500 property. They set up a Mortgage in Principle with Santander 2 year fixed 3.15% at £612.18 a month. This deal also had £495 fees which are added to the term. I have been surfing around the net myself and have found two deals that interest me.…
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Halifax change in criteria
I have noticed on another post that the Halifax have changed their criteria for applications, basicaly saying that self employed people need a SA302, and this would take place from the 18th August 2011. We have an AIP which was done a week ago, and they requested a letter from my accountant, this has been given to our…
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HSBC Mortgages
My husband and I are first time buyers. We went to a broker (recommended by our estate agent) but the rates weren't competitve. My bank HSBC has the best rate for a 90% LTV (under 5%). The broker and estate agent have both told me that HSBC are making staff reduntant and so times to get mortgages approved can take up to 3…
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Do I need a buy to let mortgage?
me and my oh have the opportunity to buy my recently deceased grandmothers house and just wanted a bit of advice. We currently rent - neither of us have had a mortgage before We are saving for a deposit but currently don't have a big enough deposit to buy in the are we want to. My grandmothers house is further north so…
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Halifax Morgage Offer
Hello, I have recently paid off my two car loans and cleared all my debt. I got a morgage promise from the halifax last week and have found a property and had an offer accepted subject to survey. They have asked to see my recent payslip so I have looked it out but there is also a form for me to sign to give consent for…
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Borrowing more than agreed offer price?
Hi Just looking for some advice? Is it possible to take out a larger mortgage than the offer we've had accepted? Basically the house needs a total overhaul and we were hoping to borrow about £15K over (and that would still be a good price for the size of house/ area), to get the bulk of big stuff done quickly and before we…
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End of fixed rate
Hi All, Our fixed rate deal has just finished. We were paying £550 per month and have just had a letter through to say the next payment will be £395. I suppose this is a variable rate mortgage. Will the amount payable change each month? They haven't given us any information about what happens next, or tried to give us…
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IT Contractor - mortgage
Hi, I am an IT Contractor, and trying to get a mortgage. But all the high street providers base there Amount that they will lend on a percentage times salary + dividend. Now for tax reasons both those figures are low on my 3 years accounts and it means I Can't seem to get the mortgage I need. Can anyone recommend a good…
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Mortgage advice
I and looking for some advice regarding a mortgage. I currently live in a 3 bedroom housing association property, however my two sons have now moved/moving on. I am now considering a mortgage on a small one or two bedroom property for myself and returning my current property to the housing association. This would be my…
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Self employed mortgage figures
Hi, Any help greatly appreciated. We are just waiting for the SA302 to come through from the tax office for us to give to a mortgage company to finalise our mortgage amount. We are a bit confused though as we thought that the figure that would be used in the mortgage calculations was the 'Net profit' (box 20 on SA form).…
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Can we get a mortgage on a property which needs a lot doing to it?
I don't know if the following is feasible and would appreciate some advice. My dh and I are looking to buy a house and have around 35K deposit. According to the Cheltenham & Gloucester BS website, on our salaries we should be able to get a 90% mortgage of around 380K (although to be honest we want to borrow much less than…
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How much does deposit effect borrowing size?
I've found myself in the fortunate position of having a rather large deposit of 1M not including value of our current house, and have been looking at mortgages on a 140k salary not inc. bonuses. However all quotes im getting only want to know my p.a. earnings and don't seem to want to take into account my deposit? Largest…
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Can I contact lender to consider new deal prior to end of fixed?
Hi all, I have a £77000 mortgage with Platform. House worth around £110000. When I purchased the house I had a poor credit history which is now clear. As such I went for a sub prime fixed deal for 3 years at 10.7%. Current deal ends March 2012. I am wondering if it is possible or worth contacting them now to ask about a…
