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compare costs of retirement flat/flat/static mobile home
Our mortgage will be due in 5years and as the endowments were not meeting the cost we decided to spend the money on holidays instead. We are now looking at the above options as we will have enough equity left in house to buy a flat. Trying to sort out the pros and cons for each is a minefiels can anyone help? thanks
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Credit rating nightmare - please help!
Hi everyone. I've had a joint mortgage with my mother for the last 7 years - I pay my half to her and she pays the mortgage company. After viewing my credit file I found out she's been paying it late every month for the last 2 years (so furious it's unreal! :mad:) which has given me a dreadful credit rating. I've now taken…
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How long to fix?
We are FTBs, and have used a broker to obtain a mortgage. She first told us about a Natwest deal - no arrangement fee, 4.99% and £250 cashback. We went back a week later to apply and she said it was no longer available and instead recommended Northern Rock - 4.95% with £99 booking fee and £250 cashback, or RBS - 5.25%, no…
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Porting our mortgage - seems easy, have I missed something?
Now I know that I will eventually need to speak to my lender or an IFA but for now can anyone highlight any potential pitfalls in our ability to port our mortgage? We got our first mortgage in 2007. It was a 95% LTV mortgage on a property bought for £114,950. Our mortgage balance is around £105,000 and realistically we'll…
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Advice on mortgage 4.5-5 times salary
Hi, we are in the process of selling our flat and want to buy a house. My husband's salary is £36,000 p.a., we will have a deposit of £45,000 and would like to be able to offer up to a maximum of £220,000 on a house (so a max mortgage of £175,000). Hopefully it will be less than that though. We have no other credit…
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Guarantor mortgages
Me and my partner are looking at buying our first home together in the next few months as we are fed up of renting, however my partner is self-employed and only had her business for a few months, I dont earn an amazing amount (18k) however we have quite a bit of savings and at the moments we are paying £625 per month rent…
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Mortgage...credit report problems
Hi everyone I have my credit reports from call credit and equifax. Some confusion over an entry from lloyds. Opened a joint account with fiance last April,.but lloyds have listed the account and also listed the same account as opened and closed within a week of each other. Should I be worried and try to sort it? If so how?…
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First Time Buyer Worries!
So I'm sure I'm not the first first time buyer to be worried about the process, but I'd be grateful of some advice/ reassurance! My partner and I are buying through firstbuy, we've had the eligibility letter and the mortgage promise from the halifax. Our IFA has now submitted the full application, the halifax has taken the…
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First time buyer with poor credit rating
Dear All, I hope you don't mind me asking for some advice.. Our current situation is that we're renting our property off my dad who we're wanting to buy out, but I'm concerned that we can't get a good mortgage.. Firstly, we are First Time Buyers. We will be able to put down a deposit of about £35k on the property, which we…
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Max mortgage based on salary and debt
Hi I would like to sell my current house, which would give me about £35k after paying the mortgage. I would then pay about £20k of my £40k credit card debts. I then want to buy another house for £125k on a 10% deposit of £12.5k, so a mortgage of about £112.5k plus still have credit card debts of about £20k. Is all this…
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What fees should I expect when I remortgage?
Hi all, seems like a simple question but one I am struggling to get an answer to. What fees should I account for when I come to remortgage? I am currently on a sub prime fixed deal however when this fixed ends I want to change to a new deal. Credit rating is clear now. I would appreciate replies letting me know what fees I…
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When do I first begin to pay my repayments?
Im am at my final stages of moving into my house (negotiating completion date) When do i begin to pay the first mortgage repayments? Is it the same day as the contract is exchanged? Therefore i would need to pay deposit + first mortgage repayment?
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Buy to Let Mortgage? First I knew about it!
About 5 months ago, I enquired to my Mortgage Co' (Abbey/Santander) to request permission to let, as I was soon to move away but did not want to sell. I was told not a problem, and that when ready, to write to them. Oh, and there would be a £300 fee. So recently I wrote the letter to request permission to let and I got a…
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Alliance & Leicster interest only Mortgage - Remortgage
I wonder if anybody had any experience, I have had a A&L interest only mortgage for 4 years now on my 1 bedroom flat. I am looking to move in with my partner to his property as it is bigger and with the current market and valuations it doesnt look like I will be able to sell my flat without making a loss. I would like to…
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Mortgage with No income but with Guarantor
Hi Guys, Just curious is it at all possible to get a mortgage with a 20% deposit with a UK based Guarantor (parents) who will be able to guarantee that mortgage payments will be made?
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Credit Check (experian) Aliases?
As my wife & I have started looking for a new home & 1st mortgage together, I decide to check my credit file. Everything seems fine & satisfactory (credit score 999) apart from the section that states [URL="javascript:obToggle(3);"]Names you may otherwise be known by (Aliases)[/URL] I have 13!!!:o They are all at the same…
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overpayments advice please
I have been overpaying my Nationwide mortgage by £100 per month. My current mortgage is for £60k, fixed for 5 years, ending April 2013, rate 5.63%. I have 17 years remaining on the overall term. My aim is to repay asap. Which option do I take to deal with the overpayment? 1. pay off mortgage earlier by reducing term 2.…
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Mortgage refusal
My husband was trying to help my daughter buy her first flat. He was going to stump about 65% of the price as cash with my daughter trying to get a mortgage for 45%. He would not be on the deeds but he would have a Deed of Interest in the property as an investment as he cannot afford to just give her the money as a gift.…
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Mortgage Payment Holidays
Hi, If I make use of a mortgage payment holiday, does this affect my credit rating in any way? :o Thanks.
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Investment mortage
Hi, I have bought, done up and sold 3 properties over the last few years (all our primary residence) but I have now seen a property that I would like to develop just for the sake of developing i.e. not to live in whilst doing it. The property I am looking at is currently a 2 storey retail unit, although with permission for…
