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About Mortgage need advise please
:beer: Hi all and Merry Christmas.. I have offered houses and accepted from the Shared ownership property but do not know really will get or not. 1-Eu married with non EU (Does have residence card not a indefinit visa) 2-EU was self employed,4th month of permanent position +Non Eu self emloyed for 3 years 3- trying to get…
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FirstBuy Scheme & "Disposable Income"
Hi, Hope this is the right section. I am looking at buying my first house in 2012, I already have plans to view a Bovis development which is happening near me, with hopes to reserve a home off-plan. As such i would be hoping to qualify for the government's 'FirstBuy' scheme where the housebuilder and the government each…
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First Time Buyer - 100% Mortgages - Summary / Advice Request
Hi all, I'm looking to move on from my rented London accommodation that currently costs me around £750/month I'm turning over about £60k a year yet was still struggling to see how I could get on the property ladder without managing to save a substantial chunk of change (~£20k) on the side. I think i've found the answer in…
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Interest only
My friend came out of work last year he had an repayment mortgage, the northern rock changed it to an interest paying for 6 months, they have now changed it back repayment mortgage, he asked if he can keep it to the interest paying, they have said no because he would be in financial difficulty, and they could get into…
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repayment to interest only mortgage?????
i am looking to change from a repayment mortgage to an interest only mortgage. are there any charges for this? do i need to show that i will be able to repay the mortgage at the end of the term? what happens when the mortgage becomes due to be paid? the mortgage amount is £50k the property is valued at £150k any advice…
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getting accepted,
I am currently working on building my credit rating and showing a good repayment history so that i can eventually get a mortgage, i am wondering if theres anybody on mse who knows a lot about mortgages or even works as a mortgage lender who can give me some advice on building my credit rating towards getting accepted, like…
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Electoral register
Hello, I'm about to apply for a mortgage but have just got my credit report and realised I'm not on the electoral register. How long does it take to register? I have just found my dream home and fear I may have blown my chances :(
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How will being a guarantor affect me?
Hi, My parents moved into rented temporarily and are now struggling to get a mortgage due to some missed payments and pre-existing loan and card debts. If I were to act as a guarantor for the mortgage, how would this affect me? Would I still be able to get my own mortgage, or not? I do understand I'd be liable for the…
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maturing endowment, when should I hear?
I have a 25 year endowment with the GA, now Aviva, that matures on the 1st Feb 2012. The last payment will be taken on 1st Jan 2012. It was to partially pay off a mortgage which has been paid off. I have not had any notification of the maturity value or any details about it being paid. Should I contact Aviva or is it too…
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porting Mortgage
I have a property 1 worth 180k bought 9 years ago. 2 years ago we rented it with permission to let to move due for job reasons. A year ago we bought a property 2 near the work place. LTV and affordability were no issues. No tie ins and both are life time trackers. The problem now is the lender says the permission to let in…
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Is it possible to get a mortgage without 2 years on the job?
I am just wondering this as what about people who study for 3 years (nursing so assume no loan debt) then go into that proffesion and want a mortgage a year later? Could someone get a mortgage despite not being employed by the same company for two years.
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Mum & Dad want to buy a property for me to live in
Hi everyone, I wonder if anyone could give a bit of advice, and hope that I give all the info you will need . My parents want to buy a property for me to live in (they will continue to live in their own home). They own their home which is mortgage free , have no debts or poor credit history. They both work - Dad is the…
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Remortgage
Hi, January time I am due to remortgage. Have been looking at deals and it looks to be between Post Office, HSBC and Woolwich. Anyone have any experiences with the above companies? Thanks Dan
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Mortgage Renewal - a little help please?
Hi there. A quick run down of my situation. I am currently working part time earning £27,000 a year. I have my own company, but currently am not paying myself. In 1 months time I will be leaving my job to concentrate on my company, and will be paying myself around £35-£40k. My house is worth £275,000, my mortage is…
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Re-mortgage question
Please can someone help me? I am self-employed and my income isn't very big. When my partner left, 5 years ago, I moved out of a rented office and based my business at home. The house was perfect for me, the children and the business. I work long hours - sometimes I see clients until 8pm (they come to my house) but the…
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credit card application 3-4 months before mortgage application
My partner will be applying for a mortgage in approx 4 months time, however she doesnt have any credit cards so her credit report looks a litle bare. She needs to boost her credit, however applying for a credit card will also show as a credit check on her file. Would a credit card application around 3 months before…
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Accord Mortgage Application Process
Hello all, I found this forum a useful source of information whilst applying for my mortgage and wanted to share my experience of the process as it’ll hopefully be helpful for others. Background: Self-employed with 3 years worth of accounts, applying with my wife who is employed. We had a 25% deposit. New mortgage…
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First Direct - they are as bad as every other bank
First Direct are generally a good bank but they are going downhill with their current promotions - they have just introduced the following :- "Take out an offset or Repayment Mortgage from our range of fee-paying mortgages and we'll reward you with £250 Cashback on the arrangement or booking fees." However, any mortgage…
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Help Needed Understanding My Title Deeds
I am looking to sell my property and because of old UNSECURED debt I decided to order online a copy of my Title Deeds from the Land Registry for £4. Surprisingly after doing so I looked hard but couldn't find any "second charges" on the form. Not that I'm complaining, but still confused. I have the obvious information on…
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To equitise....or borrow more????
Hey guys, So my predicament. I'm a first time buyer... Buying a £150k house. I have a £65k deposit, so borrowing £85k. I also want to buy another house to-let in the near future. So now, I'm pondering the option to borrow another £25k in this first mortgage to keep aside and use as a deposit on the buy-to-let house....or…
