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Natwest vs Abbey Mortgage.
Hi, I am a FTB buying a house in Chessington with a 10% deposit. (purchase price 231500) Already have an offer for the mortgage (90% LTV) with abbey at 5.79% fixed for 2 years. Planning to exchange contracts this Friday with completion after 6 weeks. However saw the rates for 90% LTV mortgage from Natwest which are better…
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halifax mortgage
just checked halifax online banking my mortgage is 1768.93 less than it was last week about £320 goes off it around the 18th after payment and around £105 back on in interset around 1st a message is up on halifax site saying "unfortunately we cant retreive some account information at this time" any ideas ? i did get a…
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personal loan for deposit
In a bit of a dilema here. Need 15k for house deposit for first time buyer got 10k (most of which given to me from parents) I have been offered the other 5k from by boss at work (been in job 12yrs) have to pay back with 0% interest but on my terms so say just £100 a month which is easily affordable. But mortgage lenders…
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Mortgage in sole name
Hi all, me and my girlfriend have recently seperate and we own a property with negative equity due to the house crash. She said shes willing to sign the property over to me, but does that mean our current mortgage would be closed and id reapply on my own, having to pay fees etc all over again? Is it possible to have her…
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Ltv
If I had a home that was worth 200,000 and I had a buyer for it that was only approved for 80%, could I hold a note for the other 20% so that the loan could get approved, or would they want the 20% to be cash? If it had to be cash, could we secure a personal loan before they close on the house for the 20% amount then after…
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Mortgages and bank statements
Hello Just put down a reservation on a new build apartment with my girlfriend through a shared ownership scheme. We have already spoken to the mortgage broker (that the housing company works with) and he has passed an affordability check with us and offered us a mortgage. Now we've been asked to provide a bank statement.…
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First Time buyers
Hi just looking for advice as totally clueless. Me and my partner are currently saving a deposit and i have seen the new 95% mortgages on offer but wondered if we would be accepted if my partner has defaults on his credit? I have a good credit rating but could not get a mortgage on my own as he is the higher earner, we…
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New build mortgage and 90% LTV
My wife and I are first timer buyers and are looking at buying a new build for around the £150-160k mark. We only have a 10% deposit and from what my mortgage advisor tells me, it is difficult to get a 90% LTV mortgage on a new build. He managed to locate two lenders which appear to do it, Nottingham Building Society and…
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First Time Landlord - BTL options
Hi, just had an offer accepted for my first BTL and had a chat with the agent broker. This is not a whole market broker and, as a FTL she told me there are only TMW Northernrock Natwest Now, I'm looking at unbias to find a local whole market IFA broker close to mine. Can you name some other lenders with products for me…
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Help with first time buyer definition.
I hope this doesn't sound stupid but stick with me. I previously owned part share of a house in Scotland but have never held a mortgage, I have since sold my share in this house. I am now looking to buy a house in England, does anyone know if I can classify as a first time buyer ??
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Missold endowment - anyway round timebarring?
I have just come across a whole load of correspondence from 10 years ago proving that the IFA who sold me an endowment promised me it would pay off my mortgage which of course it has not! Ironically I came across all the paperwork while going through some old files relating to loans and PPI - I have now successfully…
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mortgage advice please!!!
Hi please be gentle first post after lots of lurking ! I have had lots of debt problems,currently on self managed dmp.Don't know what credit agencies would say too scared to look. to cut a long story short we want to move house. I have a joint mortgage with husband and a joint secured loan, We have never missed a payment…
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Selling home - advice re Woolwich mortgage required
Hi, I have a flat which I bought 10 years ago with a Woolwich lifetime tracker mortgage. I have about £55k left on the mortgage. I am now preparing to sell my home and buy a bigger place with my girlfriend and have a few questions that someone might be able to help me with: Firstly do I need to tell Woolwich that I am…
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Buy to let possible?
What are my chances of getting a buy to let mortgage on a 240k house with a 40k deposit? The rent is likely to match the mortgage repayments, but not exceed them. I am new to even thinking about this, so not a clue. There is a reason for considering this leap into the unknown - the house is next door and we have our eyes…
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Mortgage on a one room studio (no separate kitchen)
Hi, I'm looking to invest in a buy-to-let studio flat. While I have the cash available to buy it outright, I'm eager to have a mortgage on it for obvious tax reasons. Having found the property I've been looking for, I have realized that the traditional lenders all seem to not offer mortgages for a studio flat which doesn't…
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Mortgage affordability
I know this varies widely depending on personal circumstances etc however I'm wondering what people consider to be an affordable mortgage based on what you have left over each month (disposable income)? We are relocating for work and will be selling our house (this isn't an optional move). For our next house we're looking…
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Mortgage/Deeds/Ownership/HELP!
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buy to let mortgage
Hi, I've got a flat that I'm now renting out. I bought it in 2007 for £150,000 and have a mortgage balance of £125,000 left with the nationwide (capital and interest repayment, discount period well and truly expired about three years ago). The interest is going up on this mortgage because we are now renting this flat out…
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should i ditch and fix ?
help or advise please feb 2010 i pannicked and locked my mortgage into alliance and leicesters 4 year fix at 4.79 mortgage was £83.000 back then the reason for the panic was job loss threat and mild depression at the time. but now there are much cheaper five year fix's around should i bite the bullet with the exit fees…
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Rent Assesment Report - BTL
Hi, doesn anyone know how the lenders's surveyor create this report? Is this based on the avarage rent for a property same size, area/street? Is based on the conditions also? (this makes difference as there are lenders as TMW that have "light refurbishment mortgage" and RBS/Natwest not). The assessment can be much…
