-
Additional Borrowing
He bought our house in 2008 at the peak of the housing market. Since then it has reduced in value by 13.5%. We could not sell now as we would be losing money. We want to extend but have been told by the banks that we cannot as our current mortgage plus what we want as additional borrowing would be more than 80% of the…
-
getting a mortgage
My mum and Dad are getting on. They have a property worth £140k with £35k outstanding I have property worth £160k with £100k outstanding I want to buy a house with a granny flat / anexe. Is there any way I could get a mortage based on my and wifes income plus the income from my parents income if we all 'signed' up to the…
-
Proof of Deposit
My Nan died in February and despite her house completing and new people living in it for 8 weeks the estate has not been finalised. This intrigues me - where is my Nannys money? More importantly my inheritance combined with my savings and a gift from my mums portion of inheritance will be my deposit. The mortgage company…
-
Mortgage Alert Legal & General Cash Reserve
NRAM - Northern Rock (Asset Management) PLC have sent out Letters informing the holders of Legal & General Cash Reserve Mortgages that they will be making some changes to the product "to ensure that it is administered in line with the original product terms and conditions". This appears to entail no longer holding the…
-
Silly mortgage question
This may be a silly question but if you've got a 25 year mortgage do you repay one 25th of it every year? Ie if it's £250,000, after completing a 2 year fix you'll have paid off £20,000?
-
2002 Bankrupt... Mortgage???
Hi, I was made bankrupt in Feb 2002 which was only for one year! I have checked my credit rating and now it is all good with a good score. I have had several loans / Credit cards which have all been repaid and clear! I have been accepted for a mortgage (subject to Valuation on the property). I was just wondering on any…
-
Mortgage for non uk taxpayer
I was wondering if anyone could help me as I am trying to get a mortgage with my partner who is a German national but works offshore and doesn't pay tax. No one seems to want to give us a mortgage even though he earns good money! We are getting married soon and he is thinking about becoming a uk resident if this would help…
-
Mortgages for self-employed
Hello I currently have a house with about 90% equity. My husband is looking to go self-employed but we were thinking about getting a larger home. I think we would be looking to borrow about £80k so not too massive (which would then be about 60-65% equity). Anyway, currently have 2.49% First Direct offset. Not sure they…
-
FTB situation
hi everyone next year will be looking to buy a house with my OH (will then be wife). I've not had a mortgage before, however she currently has a joint mortgage with her sister. will this affect our mortgage application? would there be any liability on our new property, should any payments/defaults happen on the sisters'…
-
Transfer of Equity - what does it mean?
Here's my situation: Divorced, with my ex living in the family home along with our daughters. We had an amicable split, documenting our finances with a Consent Order. Part of which is a 34 / 66 % equity split in my ex's favour. The current mortgage on the house was a 2yr fixed term which ends at the end of October.…
-
Best Completion and exchange date? 30th or 3rd?
Hi all As the title says, Which would be the best completion and exchange date 30th Sept or 3rd Oct? In terms of payment? We have choosen to pay our mortgage on the 1st of each month with Halifax. So if we completed on either of these dates I guess we have to wait until 1st of November for the first payment to which will…
-
Need help to find good mortgage broker
Hi All..I am planning to take loan for buying house in Ontario. Could anyone plz help me to find a mortgage brokers in Ontario who gives loan at fixed rates for a period of 3 or 5 years.
-
5 Days to house move, fee's paid and Solicitor gives our file to another Solicitor ??
Some Urgent help needed here, something I think strange is going on. We the middle of a 2 house chain, 1st time buying coming into ours and the people were buying off are moving into their daughters. Solicitors have been poor all round and we have had 3 move dates moved back because of all the solicitors not talking so all…
-
Changing name/ deeds of the house?
Hi guys, I just want to know how much does it cost on average to change the name of the house? i.e from mother to kids? (there's no mortgage involved, it's all paid off). What's the procedure? thanks
-
Mortgage payment protection claim
We have had mortgage protection for the last 20 years, 50% on each hubby and I. We swapped our mortgage provider 10 years ago (and swapped the insurer to Pinnacle, supplied through the mortgage provider.) 2 years ago, hubby was out of work and we claimed for 9 months. Each month we had to send in a list of jobs applied…
-
Halifax mortgage application - what next?
Hi, I spoke to a mortgage advisor today from the halifax and she took all mine and husbands details about wages and employer etc. She then went on to ask about the property we are buying e.g. whether it had a gargage, gas central heating etc. She then said she would have a look at our credit report to see if a late credit…
-
Any FTB Mortgage Refusal Advice Greatly Appreciated
Hi all, I am seeking some advice on a rather scary looking prospect regarding our mortgage with Natwest which has just been rejected. Current situation is that we had a mortgage in principle agreed by appointment at a NAtwest branch, offer accpeted on a property, solicitor instructed and tenancy on rented accommodation up…
-
Go onto variable rate or fix? - Nationwide
Just some advice really. I owe around £47,000 and have 15 years left on my mortgage. I'm currently on 5.17 fixed rate which finishes at the end of November and I will then revert to the BMR at 2.5% My option is BMR- 2.5% Fixed- 3.04% - 2 year free of charge. Will get £400 cashback if I switch online Fixed- 2.64% - 2 years…
-
Property tax relief
Hello all, I would appreciate some insight on the following real situation. I currently own Property A, which is under a mortgage, and Property B, which is fully paid for and is my main residence. I intend to get a mortgage on Property B in order to release equity and pay off Property A. The reason for this is because…
-
Best fee free five year fix?
Hi all, My three year fix is up in November so I'm looking to remortgage. I was tempted to go for HSBC's 1.99%+base rate tracker but there's not a hell of a lot of difference between that and ING's five year 3.79% fix. Does anybody know of any better five year rates which are pretty much fee free or should I push on? Any…
