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Mortgage application -what should I do.
I applied for a shared ownership mortgage with Woolwich on July 19th. The following week the in-branch mortghe advisor called with some queries and asked that I submit a copy of my bank statement (I had submitted a computer print out initially). I answered the queries and submitted the bank statement on Aug 1st. A direct…
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Definition of a "new-build" for LTV purposes
Would a 1930's house be classed as a new-build? Some mortgage companies say a new build could be classed as "any house sold by a builder or developer" or any house that has "undergone extensive refurbishment" I am looking to by a house from a builder (1930's semi) that has a new kitchen, rewire etc Is this a new build?…
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Buy to Let Mortgage: Myself as tenant
Is that possible. I am spending 6mths in SW England and would like to buy there. Can I buy, on a buy to let product and then for myself to be a tenant? For the remaining 6mths, I would rent to other "normal" people??? Thanks pin
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Buying a home/business combined
Hi there, I am looking to move back to the UK and want to buy a cattery business with a home attached/on the same plot. How would i go about funding this? Do i get a normal mortgage? Business mortgage? Both? I have a deposit and my partner will run the business while i work full time elsewhere so half of our income will…
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Mortgage offer dilemna and risks
I currently have a mortgage offer in place from Halifax for a new property completing end of Sep. However I have now seen a much better deal with YBS, which will save at least £2k over first 2 years. I would like to know if I would be risking anything by applying for this, as I still want my current offer as backup in case…
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can i leave fixed rate mortgage early?
ok, so i took out a 25 year mortgage on 2005 that was fixed for 10 years. now after 6 years, i am still in the fixed rate. and if i payed back my mortgage now i have an early repayment charge, but what i want to know is, if i pay the early repayment charge of what is now £1,750 would i be able to leave my fixed rate and go…
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porting mortgage to a new property......
hi guys. I have a fully portable mortgage and am seekig to sell my current property and purchase a new property i have found. The new property and the seller is willing to accept the figure that i owe on my current mortgage. If I was able to sell my current home for this amount would i simply be able to move my mortgage to…
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Can my father buy my ex out of our mortgage?
I need advice. My ex has decided that she doesnt want to live in the house we both own (i left 4 years ago and she wanted to stay). She has had mortgage holidays and has not paid the mortgage for months now. The house has gone into neg equ. We owe 106k and its on the market for 95k but had no interest. The debt is going up…
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Halifax Home investment Plan
I have two clients sold a Halifax Home investment plan 10 years ago which includes life cover. This replaced the normal Halifax endowments just after they stopped selling them. They are middle aged clients and not very investment wise so have complained to me about a shortfall on their interest only mortgage. They still…
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Joint mortgage arrears/other debt after repossession
Hi everyone, I've come to the end of a 2 year struggle and just need a little advice on this final bit. Any help would be hugely appreciated! I'll keep it as concise as possible: I owned a flat with someone and this ended up being repossessed. I have just been notified of the shortfall which is £43k (they haven't actually…
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What is the true cost of walking away from my current deal?
Folks I really need some help. Current position: 20 years left of 25 year mortgage, currently owe £150k, on a tracker of +1% of BOE IR for the full term of the mortgage. No more fees, No charges for walking away. We would really like to move house to settle down in a bigger space in a 'home for life'. This means breaking…
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remortgage advice 5 year fixed - go with broker too?
Can anyone advise me please I am coming to the end of my current 5 yr fixed with the Yorkshire BS and would like to remortgage to another 5 year fixed over a term of 12 years. Currently I owe 48k and my property is worth approx 200k plus. I am not particularly financially savvy so a little help would be appreciated. I did…
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Mortgage help please!
Hi there, My wife and I are looking at buying a house soon as we are really keen to get on the property ladder. We have been renting a 1 bedroom flat now for too long. My problem is that I have a bad credit history, I'm not sure to what extent but i have a CCJ. Is it possible for us to get a mortgage with both of our…
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Is this a good mortgage deal?
Hi all :o ) Before i sign up for this i just wondered if you thought it was as good a deal as i do, i really cant see a problem with it........just when things seem too good.......there is usually a problem. Call me pessimistic if you like lol I have been offered a lifetime tracker for the remaining 16 years of my mortgage…
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A very different Endowment issue
Hi I would gratefully appreciate some well sourced advice on a very different Endowment issue that has only recently come to light. BACKGROUND I purchased an endowment from Abbey National LIFE in Jan 1997 to achieve a £63,672 return over 25 years. Growth Rates advertised at time were 5% 7.5% and 10%. It was also quoted in…
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Applying for more credit between formal offer and completion?
We are expecting to get a formal offer from ING within the next couple of days for a remortgage which starts in November. As the mortgage is our biggest expense we have made sure that all of our finances were in great order to apply for it. However...we urgently need to replace our car which is no longer big enough for the…
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Mortgage help please!
Hello, wonder if you can help please. My wife and I are in difficulty with paying the mortgage. We were largely reliant upon her income to service the mortgage but she is going to lose her job. Is there anything we can do? We have spoken to the mortgage company and they have said that we can switch to an interest only…
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I'm about to give up on...
... desperately trying to find a house within our budget with the right number of rooms, in order that we have a 25% deposit (there just aren't many around). If we go for a more expensive house we might have more of a choice but we would have maybe only a 15% or 20% mortgage. My question is: should I stay strong and stick…
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Question regarding declined mortgage
I was declined a mortgage a couple of weeks ago and the lender refused to tell me why. I've been trying to work out why and my first thought was that it was due to my credit rating. I'd been given an agreement in principle and the bank said there was no problem with my credit when I asked them if it had passed that stage,…
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Getting a mortgage when partner has a buy to let property
Can I ask for some advice?? We are looking to move house, to a bigger place and would involve getting a bigger mortgage from currently 125k to about 230k. I currently earn about 42k and partner earns 39.5k. We will have about a 100k deposit and don't have any credit problems etc. I think based on our salary/deposit we can…
