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Getting a 90% mortgage...
I've been renting for a while, deciding where to settle after moving back to Yorkshire 3 years ago. I only have a small deposit but I've heard that most lenders are now offering 90% mortgages again. There are some very reasonable properties in my price range which is around £185,000. I have £25,000 in savings. I phoned…
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Lowish Credit rating 60% deposit
My Husband and I both have lowish credit scores around the 400 mark. I have a default that will drop off by the end of the year, my Hubby has the slightly better credit score. We are desperate to move house and have seen 1 that we really both like on the market for £190000 etc... House is valued about 115,000-120,000 and…
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Offset Mortgage - cheapest short term deal
We wish to buy a house worth 150k (50% deposit, balance to be funded by an Offset mortgage). We will be in a position to reduce the Offset balance to 0 within 12 months; after this we will use the facility for quick short term borrowing to buy property at auction. We are looking for the lowest overall cost for 12 months, I…
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Joint house with parents and getting a mortgage when they are over 75
Hi, I have looked through the boards but cannot seem to find a similar situation. My wife and I entered into a shared ownership of a property about 4 years ago with my parents (they signed 50% of the property to us). At that time we got a mortgage for 12 years (20% LTV) with the aim of aggressively paying it off. We are…
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Mortgage Query
Hi a quick query hopefully. My partner and I are looking for a new house. I owned a property which i just sold (this will be the deposit). My wife still owns a property but its fully paid off (no mortgage). Will this affect our mortgage on our joint house at all? thanks in advance
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Declined mortgage on missed payments - help & advice
Myself and my partner have just been declined for a 80k mortgage with 10% deposit. We tried increasing the deposit to 15% and a different lender but that also was declined. Reason our ifa thinks is three missed payments, to my mobile company Orange, which I'd seen already on my credit file. He's gone away to see if my…
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Self employed, already have a mortgage but need a further £25,000 to move house.
I have been self employed for four years. I switched my mortgage to Nat West (2yr fixed rate to run for 10yrs) in December 2010. Mum died in February 2011 and I have not worked but have been living off my savings since then. I have taken a job and will be employed from the end of this month. My mortgage payments have…
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Charge Right Ltd - reclaim money
Hi Im a new poster. I have googled this but i cant find anything so I am enlisting the help of the good folks on here to stop me making a mistake. I have had a company called "Charge Right Ltd" ring me a few times. I spoke to the yesterday and after a 3 minute questionnaire, they "revealed" i am entitled to £32k after…
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advise a good lawyer or person who can help with weird mortage situation!
Can somebody advise on a VERY good lawyer based in London would can advise on property litigations/mortgages. This is my situation, just so you can point me out to the right person: I've got a question about a potential mortgage and which options I could have. If you think you can help I will book an appointment The…
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Can and should I remortgage after 6 months?
Hi, I'm new to this site, so any help would be greatly appreciated. My Fiance and I bought our first house together about six months ago. We got a good deal because the owner was emigrating and needed a quick sale, and the final agreed price was £156,500. We put down a 10% deposit, and so our mortgage was for £139850. We…
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Mortgage Quert
Hi, I've had an offer accepted on a property; and I was wondering if it is possible to get a mortgage for more than the offer. The house has been valued at £70,000-£90,000; my offer of £70,000 has been accepted, and I wanted to know if I could get a mortgage for £90,000 and use the £20,000 difference to make renovations?…
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Self Emp Mortgage 2 years accounts Affordability Calc?
Hello, If you have 2 years accounts and are self employed I'm under the understanding that you will be looked at by most High-street Lenders? My question is how do they work out your affordability. I know its Net Profit as a sole trader from your Tax return, but say its 8k year one, 25k year 2, do they go off 25k, or do…
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Noah
Hi advice needed !! Mortgage £93000 House aprox value £350000 Credit card debt 8000 car loan debt 3800 overdraft 2500 House hold income aprox £22000 No missed morgage or card payments!! Aprox 15 years left on mortgage Mortgage with B and B which no longer do mortgages What chance have we getting new mortgage with enough…
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FTB - will Deed of Trust affect mortgage application?
Firstly, thank you for so much advice, personal stories and expert guidance that I've read on this site over the last few months. As a first time buyer it has been incredibly useful and so far I've been able to get as much information as I've needed by reading other posts. I've now come to the point when I need to ask a…
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Some advice - FTB
Me and my Fiance are looking at getting out first house soon, I'm waiting on a pay rise from work which should come next month. When I get the pay rise I will be on £15000 before tax and my Fiance will be on about £12500 I have £10000-15000 to put down as a deposit. Do you reckon we stand any chance of getting a house we…
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Mortgage Advice - First Time Buyer
Hi, Im a first time buyer and new to all this! Me and my partner have had an offer accepted on a house, and a mortgage decision in principle with Northern Rock. That was given on friday. Today our broker rang me and asked for some more details - full employer address, national insurance numbers, bank details for the…
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Mortgage advice!!!!!!
Hi Everyone,My Girlfreind is going through a divorce (messy) and was looking to get a mortgage, she had a mortgage in place with Lloyds for 71k (19800K Yearly income + WTC) she now has be given 2500K a year from the CSA, Lloyds are saying they can only give her a mortgage of 66500K which has confused me and her because her…
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Mortage, Defaults on Credit report, Nationwide
Just wondering if someone can give me some advice history:* 2 defaults on credit file back in early 2009 from credit card companies, did not pay required amount on time and was on arrangment to pay * My Mother passed away recently and left her property to me which had a £45K mortage on it, the account was in order and run…
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Did anyone else cry when...
... they paid the deposit on your house. 5 years saving and !!!!!! £27k gone just like that. I keep telling myself: a) That's what you have been saving for & b) You have spent that much in rent in the last 5 years, so you'll be saving a huge amount. Ok not actually crying but feel like a parent watching a child go to…
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Gifted mobey from parents used to buy property they can live in.
Hi Can anyone suggest a mortgage provider willing to help. Or suggest advise. My parents have been trying to sell there home for a while with no interest/offers. They can get a buy-to-let mortgage on the property (already accepted) but still won't have enough capital from that mortgage to buy a new property & retire. Iv…
