-
FTB mortgage, possible
Hi all and thanks for your help in advance. We are looking at a property that is £124,995 so under the stamp duty. We have a 10% deposit and money for fees. However i have a default which is another issue. My parter earns £30,000k basic plus garanteed call out at £50 a time 4 times a month. We are looking to get a mortgage…
-
First time joint mortgage help would be appreciated
Hi there, Newbie here with 1st post but has been reading on MSE for a while. Just wanted any advice on whether myself and my partner would be able to obtain a FTB mortgage for a house £98000 with a 10% deposit (half saved and half an engagment gift). We applied for the HSBC FTB mortgage only to get declined. Applicant 1…
-
Revaluation of house for new mortgage
Our current mortgage deal comes to an end in the next 6 months. Since we last remortgaged (2 years ago), we have built an extension, rewired, replastered, put new windows in - all of which add considerable value to the house. How can we go about having this taken into account when remortgaging? If the mortgagers only look…
-
Selling up then Saving then Buying again
Can anyone help. I have a house I have lived in for year. I am going to sell up and take the +£25000 Equity, pay of mortgage and early repayment fee and move back home with parents for 6 months and save to £35.000 Deposit. My only concerns are, will it be easy to get another mortgage at if I have 30% deposit? Will it go…
-
Payment holidays -interested in views
Right, We're relocating in a few weeks. The plan is to rent until we're settled and then buy. We've got a house here which is on the market, but not sold yet. I could do without having to pay mortgage and rent at the same time, so rang Nationwide today to ask about the possibility of a payment holiday. We're financially…
-
mortgage to replenish savings/spend
I was on gardening leave when i bought my flat for cash ( all my cash) . I now want to buy various things for the flat ( speakers , sofa,bed,home theatre,curtains,carpets,bookcases,shelves,savings etc) and also to have some access to cash available should I be out of work for a few months. I figured a fee free offset…
-
Parents want to release a small about of equity out of their property?
Hi there, My parents own a semi detached house, worth I guess around £250k. They have paid their mortgage off a few years ago. Is there a way they could take out about £10-20k out of the equity of the house with a view to lend it to a family member? I don't know if this is called equity release because that seems to be…
-
Can Planning Consent be used for Property Valuation for Re-Mortgage
Hi All, I have a question which is puzzling me, I hope to soon get planning consent approved to extend my 3 bed semi-detached to a 5 bed semi-detached. Just by chance the timing is also such that I am looking to re-mortgage, I must point out that I am not looking to try and raise extra funds to do the building work…
-
FTB: Would I be able to get a mortgage?
I am looking to buy a house around £150,000 and have saved up enough to put a £125,000 deposit which means I need a mortgage of around £25,000. I run a Ltd company (I am *not* classed as self employed on HMRC but am an employee of the company). My salary is whatever the minimum salary per year is (so, this year I earned…
-
First Time Buyers - Fixed Term Contract
Morning all, I have no clue where to start. I am currently in a fixed term contract for 12 months and my boyfriend is in a perment job. We are looking to hopefully buy next year. I know me being on FTC will affect the intrest rate available to make it higher. Just wondering if anyone had suggestions on who is good to…
-
Endowment Mortgage Excess
I may have overpaid the shortfall on my endowment mortgage which means that when the times comes, the endowment will pay off the maortgage and have a bit left over. Would I have to pay tax on the bit left over? Thanks!
-
Dream house - is it possible
Hi you people with great advice! Will try to keep this brief. My partner has a house on a 25 year mortgage of £40k that was taken out 15 years ago the house is now worth I.R.O £130k. I have seen my dream home for sale at £275k. My partner does not want to sell his current property. Is it possible to use the equity in this…
-
Mortgage Options for First Time Buyer
I am a first time buyer, looking to find a mortgage with a 20% deposit. With so many options available I am not sure where to start. I have looked at a number of 5 year fixed rate mortgages at around 3.6 - 4.5 %, offered mainly from high street banks. There are the usual fees (around £1500) and early repayment limits of up…
-
Wrong D.O.B on credit search for mortage app.
Hello! I may be worried about absolutely nothing (FTB- I seem to worry about everything) but my husband has just got access to his CreditExpert report, and as expected, the credit searches for our recent mortgage application with Nationwide have appeared. However, it seems as though for the main search they have given him…
-
down sizing house - with a bad credit rating
hi there i'm a bit stuck and was just wondering if anyone could give me some advise if possible.. i currently live in a 3 bedroom house and i'm wanting to down size to a to a 2 bedroom house. my situation is my house is worth £160k and i owe £71k on my mortgage so i'm well in equity. my mortgage is with the halifax and i…
-
I need discharged bankrupt mortgage lender
Hi all new on here today and after some help. I am searching for discharged bankrupt lenders if any one can help. I have been discharged over 4 years and have £55,000 deposit and require a mortgage for £142,400 plus my deposit = £197,400 Thats about 28% deposit. The defaulted credit cards in my bankruptcy order all say…
-
Strange search on equifax credit report
Hello everyone. My husband and I are looking at buying our first house soon. Our broker asked us to get our credit reports so he can start looking for suitable deals and lenders. I noticed that on the equifax one, under the section entitled "other searches", a company called Capita Hartshead ran a search end of December,…
-
Help.FTB confused on Mortgage one off payments
I will be a first time buyer and I am a bit confused on all the additional payments I will have to make. Can someone please shed some light or a list please. Am I right that when applying for a mortgage I will have to pay 1) Stamp duty 2) Lender mortgage fee 3) Lenders valuation fee 4) Solicitors fee 5) If i use a free fee…
-
FTB To broker or not?
Hi there, I'm a FTB and I've spoked to a really friendly fees-free whole-market broker who was recommended by a friend. However the rate she's quoted me is quite a bit more than the rates I'm seeing on Moneysupermarket etc. I'm wary of going it alone but there seems to be a huge saving to be made. Am I missing something?…
-
Can a mortgage provider insist on taking out their life insurance?
Hi all, We're currently in the middle of a mildly complicated house purchase. In a nutshell, we're purchasing my wife's mother's house. We're arranging a mortgage for the amount that she's happy to have, and she's gifting the remaining equity as the deposit (and classing it as my wife's inheritance). We're using "her"…
