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Mortgages and Savings rather than Offset Mortgage
I posted this in the savings forum, but maybe not the best place, so posting it here. I'm thinking of buying a house and just looking at the current deals. Although I could afford to purchase the house outright, it seems I could be better off taking out a mortgage. HSBC have offered me a fee free mortgage @ 1.89% above BOE…
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Mortgages with online (repayment) access?
Sorry if this has already been posted but it's difficult to search. Are there any mortgage lenders that allow you to have online access to your mortgage account AND make adhoc payments (not offset)? I'm thinking 'no' as the whole point is that they make money from you borrowing the whole lending period but would be…
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FTB Questions
Hi all just a quick few questions Me and my girlfriend have saved 25% deposit and are looking to go to Nationwide after the holidays. Do we need to produce 3 wage sllips and p60's at AIP stage? or is that at the underwriting Also Regarding FTB Stamp Duty, am i right in thinking that, the mortgage process needs to be…
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re-mortgage questions
hi there i am looking for a remortgage and have a question regarding mortgage term. i am aged 30 and my current deal has around 20 years left. this would mean being mortgage free aged 50. although the payments are a bit higher than i had in mind. would it be advisable to apply for a longer term say another 5-10 years and…
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First Time Buyers - When To Approach Brokers?
Hi there, We're looking for some advice and hoped someone on here might be able to help. My girfriend and I are currently saving a deposit to buy our first house. We're not sure how long the mortgage application process takes or at what stage we should approach a mortgage broker. Our understanding is that we need to get an…
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Buy to let
I would like to buy a BUYTOLET property and have a property. I have the 20 per cent deposit. However, I own my own company and have additional income but not books yet for 1 year. I am paid a salary from the company. I have a poor credit rating on Experian as I have a default on a vodaphone contract that wasnt mine. I have…
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Paying lump-sump off mortgage vs. re-mortgaging
My great-aunt has given us £10K for Xmas. Totally in shock, but over the moon, as this is potentially a life-changing amount for us, as long as we don't wee it away. We currently have an horrendously high interest-only mortgage, fixed for 5 years as 7.24% interest rate, because at the time we bought, that was all we could…
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Advice on best way to get on the property ladder
Hi there I would like to ask for some advice on the best way to get on the property ladder within the next 18 months I will try and include as much information as I can think of to help... I am a 21 year old graduate who has recently moved to Australia to work in a well paid but boring and job which I have a 1 year…
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Advice wanted for separated couple looking to buy a second property...
Posting on behalf of a friend. Any advice or comments would be appreciated: Mother and Father seperated over a year ago, although still married & no real intention or reason to divorce. Father 58 years old. Self employed. Consistantly earns £26 000 - lives in the family home. At a guess worth around £250 000 with £30 000…
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Recourse on declined mortgage?..just looking for a reason why?
Hi, is there any way to contact a mortgage provider for feedback as to why I have been declined a mortgage? I am at a loss as to why I have been declined, so much so that the independent Mortgage Advisor gave me a number for the Mortgage Department, as she was not able to gain answers from them (Halifax by the way). When I…
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Mortgage / Buy to let - Poor credit (DRO)
Evening all, Hope you all are having a good Christmas! I took out a DRO (debt relief order) 3 years ago come April 2012. Now my question is how much of a depoist would I need to even come close to getting a mortgage or btl would I be looking at 75% + or would it still be out of the question for another 3 years? Regards Jay
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Question about coming to the end of of first 2 year mortgage deal
Hi, my partner and I bought our first house last year and the mortgage deal (2 year tracker at 5.9%) comes to an end mid way through next year. We wondered at this point what we do? If we switch onto the variable rate do we need to do anything first e.g have the house valued? If we go onto a fixed rate do we have to pay…
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Mortgage offer when purchase price reduced
Hi everyone, I've been lucky enough to receive my mortgage offer within a week of applying for it. However whilst the application was going through, I had a surveyor at the property and he said money needed spending on it immediately basically because the ground floor timber was rotten everywhere. My main question is, if I…
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Joint mortgages
Hi, I've made a search and found many topics on joint mortgages but couldn't find an answer to my question. Sorry if it's been discussed before; Suppose; Me and my partner signed a joint mortgage such that she put more money upfront but lower payments(£400), I put less money but higher payments(£600). We both will own 50%…
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First time buyer status
Please can somebody tell me. If my partner bought a home outside the UK, does she still qualify as a first time buyer in the UK? Thanks
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Firstbuy credit rating
Just wondered if anyone knew how good your credit report needs to be to get a firstbuy home. My credit report is as follows: Loan - settled 08/2011 - Fully up to date for 15 months prior to being settled. Before that I was on an arrangement. Credit card - settled 03/2007 - all payments made on time. Catalogue account -…
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Reclaiming early repayment fees
We currently have a nationwide mortgage on which we are paying interest of 6.19%, five year fixed-term ending on 31/12/12. We made an over payment of £11,000 in one month last year, significantly above the £500 limit you are allowed to overpay each month without incurring an early repayment fee (in addition to this we make…
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How does the whole rent to buy scheme work?
Do you ever own the entire home? or only ever a share. I am looking for thebest possible way I can buy a house in a few years, as mortgages are harder to get these days. I am currently saving for a deposit.
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Remortgaging - Offset Mortgage - basic question
Maybe a basic question. If my house was originally worth 100K - with me making initial downpayment of 20K and then making a repayment mortgage of another 20 + 3K (interest) for the past two years, I am down to 60K. Now I am planning on moving to offset mortgage. So most of the offers out in the market are asking for 30% or…
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Re-investment of Maturing Endowments
My endowment with Standard Life is maturing shortly (end of January 2012) and I was told that if I instructed Standard Life before the maturing date to re-invest with them the proceeds of the maturing endowment, then the income paid out and any future capital appreciation of the new fund would be tax free. My queries are:…
