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Mortgage help please!
Hi there, My mother and uncle have recently been left a house from my grandparents. They are hoping to sell it, it is on the market currently at £150 000. I was looking at buying it myself but I'm not sure if this would be possible. I am earning approx. £12,000 a year and have enough saved for a deposit. Are they any ways…
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endowment
hi all first time post so sorry if its not in right place and a bit rambly my 1st endowment is due to mature in jan 2012 at the moment it stands at approx 17,500, my mortgage is about 22,000 should i just pay it all off the mortgage? we currently over pay mortgage by about 400 a month and should be mortgage free in just…
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Flat down-valued by Abbey
Having read various comments on here, are Abbey notorious for down-valuing? I have had an offer of £330k accepted on a flat in North London. The valuation came back at £300k - a whole 10% down! I am convinced it is wrong thus the vendors and I have agreed to split the cost of a second valuation, which Abbey assure will be…
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5% deposit save to buy with Nationwide?
Hiya, me and my boyfriend are first time buyers and are looking at getting a mortgage with Nationwide. I heard there is a save to buy mortgage where you only have to put 5% deposit down. Does anyone have anymore info on this? Pro's & con's etc. Thanks :)
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IFA issue - not sure if FSA can help...
hi... just remortgaged a buy to let house in flats with aldermore - my initial advisor who doesn't charge (ie is paid by the lender) told me that i would have to go through a second broker as lender only deals with speacific approved IFA's on their books... i did this however this lender charged 1% fee (+£500) which i…
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Mortgage mover
Can anybody tell me how I can move my mortgage without having to fill in a ton of paperwork or declare any of my finances, I moved house before and took my mortgage with me, is that still an option, my mortgage is with Abbey/Santander
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Mortgage declined - any advice? Please
Hello, i hope someone can help. We have had our mortgage declined due to missed payments on my credit card (((((have posted this under credit cards - Back in Feb /March, I had missed a payment on my credit card and they phoned me, I paid it and asked for a direct debit to be set up, did it over phone and thought it was all…
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Mortgages & Subsidence
We are currently paying the base rate on our mortgage, as when we went to re mortgage the bank couldnt offer us a better deal. Since then our property has substancial damage due to subsidence and with the mortgage rates going up shortly, we dont want to get caught out without having a fixed mortgage in place. What I need…
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Mortgages for the self employed
Can anyone help me? My partner and I are currently trying to move house as he has taken on a business 70 miles away and we are having to live apart. We have now had an offer on our house but we are having trouble getting a mortgage in order to buy something else. Perhaps I'm just stupid, but I didn't realise we would have…
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Shorten Mortgage Term or Overpay?
Hi, This may seem like a silly question to most, but mortgages are not my strong point so hence the post to those for whom it is! We are coming to the end of our 2yr Fixed Term mortgage with RBS where we had a whopping rate of 5.7% (thanks to my visa status). Our Mortgage broker has recommended Accord Mortgages for a 2 yr…
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Options for a mortgage on a property with an annex
Hi, I am looking into obtaining a mortgage on a house, however this house has an annex. This annex has a separate front door and its own council tax code. I plan to live in the main house and will want to rent out the annex. There is currently a tenant in the annex and ideally I would like to keep them on (however not…
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Discharged bankrupt - mortgages available?
Hi, I was declared bankrupt in February 2007 and subsequently granted an early discharge in August 2007. My bankruptcy is due to drop off my credit record in February 2013, however we're coming to the end of our tenancy agreement and we'd like to move away from the area we are in and purchase a property of our own. I've…
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Theoretical question
Hi all I was just wondering what is the smallest mortgage you can get now? Last time we remortgaged, it was £25,000 but I was thinking maybe £10-15k. Income and equity is no problem (house owned outright) and I don't need or want a 25 year deal. I tried googling but they want all your details first and I don't want them…
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Do and mortgage providers accept benefits as income?
Hello, I'm trying to help a friend who doesn't have internet access. Does anyone please know of any mortgage providers that take benefits (i'm assuming CTC, WTC & CB) into account when remortgaging?
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Advice on future mortgage decisions!
Hi I was hoping for some advice if possible. We are currently on Nationwide BMR 2.5% interest only with a mortgage outstanding of around £210,000 or slightly less. Value of our flat is around £275,000. I currently overpay by £150/month The question is, with all the talk of fixed deals unlikely to get much better, am I…
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remortgaging with bad credit? will it be a lot more expensive?
we have still got loads to pay off. we are remortgaging, do you think it will be more expensive as my partner has bad credit?:money:
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Just moved from 5.38% to 2.5% BMR - am I paying more cpaital?
Hi, I just finished my 5 year fixed rate at 5.38% and have moved to Nationwide's BMR. Having looked at a mortgage calculator I have, although I will still end up paying the mortgage over 30 years, it tells me I am paying more capital each month. Does that sound right? Take July... Monthly payment £851.35 comprising of…
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Minimum bedroom size for valuation purposes
When my house was bought it was marketed as a three bedroom (2002). However when the EA came round last year she made noises about marketing it as two bedroom plus a nursery. What does a valuer for mortgage purposes take into account re bedroom sizes (if anything)? the smallest bedroom is used as a child's bedroom, can fit…
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BTL Mortgage Required, Already Own Property outright, Have no real fixed income
Hi All I am currently looking for a BTL mortgage, on a property I own outright and rent out. The property is worth around £90k, rental income received is £500pcm, I am looking to borrow £55k I have an employment income of £3,600 p.a the rest of my earnings are from investment income. So would need the mortgage to be based…
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Homebuyers survey
As part of my mortgage application I was asked what level of survey I wanted on the property. I asked for a homebuyers survey to be carried out and this was done on the 2 August. Over a week later I still haven't received the results of the survey. How long do these things normally take?
