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First time buyers with no deposit
Our son and his girlfriend are renting a flat that we own, and paying us rent. We would like to free up some or all of the captial in the flat, and our son and his girlfriend would like to get on the property ladder. The flat is worth approximately £70k. We own the flat with no mortgage on it. Son and girlfriend have no…
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FTB Nationwide Save To Buy
Hi my wife and I are in the process of saving through the Nationwide Save to Buy mortgage scheme. We only have about 6 weeks till the mortgage application actual goes through. I have a mortgage in principal application soon. I have a default and wanted to know how this would affect it, Its due to come off end of May
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FTB/New Build - Minimum deposit
Any idea what the lenders think of new builds and maximum LTV's. Is a 90% mortgage unheard of with a new build? (the development in question has been worked on for the past 5 years - house prices have increased from when they were purchased so negative equity doesn't appear to be an issue.)
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Mortgage for Repaired PRC Airey House
A few years ago I bought an ex Airey house which had undergone a PRC repair. I am trying to arrange a remortgage but am being told that some lenders will not lend on it as the adjoining house has not been repaired. I was not asked about the neighbouring property at all when I purchased it. Does anyone have any knowledge or…
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morgage arrears and looking to release equity
I have a house worth approx 150k and a morgage of 40k second charge of 20k due to elderly relatives in care homes etc we have had morgage arrears, relatives now all deceased we are trying to get back on our feet again and either get a new morgage to release capital etc etc and we have heard too about morgages for life we…
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RBS - mortgage help
I was hoping to hear some thoughts on my current circumstances. We are looking to move house (property just listed on market) and met with RBS to discuss our options re: porting (mainly to find out if ERC is waived if we port with them, which it is for us pheww). The bit I can't get my head round is the additional lending…
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mppi
Hi :) Paid off our mortgage in May 2009 on which we had payment protection. Would we be "chancing our arm" if we tried to claim this as missold as I did not require it as I would have been paid if I became ill and I also had long term health issues that may have prevented pay out any way. Also we later found out that it…
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getting a Mortgage if in the UK for 90 days per tax yr
Looking to get a mortgage 90-95% LTV, I am classed as fully employed though I work off shore most of the year and earn my wage tax free as I'm only in the UK for 90 days each tax year. I am paid in GBP. Still trying seeking financial advice from independent advisors, however working out of the country a lot does makes it…
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Mortgage Monthly Payments
Hey everyone, I'm a newbie here so hi! I just have a general question which I'm hoping someone can help with! My current mortgage payment is due on 28th of every month. I Have recently got a new job and my payday is now the last day of each month (as opposed to the 20th of each month at the moment hence the 28th direct…
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mortgage protection payment insurance - thoughts?
Hi all, We're in the process of buying our first house and are seeing the mortgage advisor on Thursday to start the application. I know that she's going to try and 'sell' us something else, and I suspect that will be MPPI - I've read that mortgage lenders are often not the best people to take this out with, and so it's…
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Buildings Insurance for Leasehold Flat
The Post Office have recently approved my mortgage application to buy a leashold flat, however as one of the conditions they have stated that the buildings need to be insured in my name with them as a joint policyholder. On a leasehold property isn't it usual for the buildings to be insured by the freeholder? As the…
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Getting a mortgage....
I'm waiting for a developer to get back to me with an offer on part ex/new build. It's their year end in July and they seem more desperate to sell the property than we are to move. I'm just trying to get straight in my head whether we would be able to get a mortgage, if they come back with figures acceptable to us:…
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RBS Mortgage
Just rang about my 2 yr fixed deal ending soon, on 2.79 fixed - they have offered me 2.99 fixed for further 2 years, looking around it looks good deal to me?? I have around 62000 to pay over next 9 years.
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Mortgage Lender now asking for Employer Reference
Mortgage application with Leeds building society was submitted a couple of weeks ago and my IFA has told me that Leeds have written to my employer asking for a reference. What sort of things will they be asking my employer? I put my salery down as £14,500pa based on the amount given on my final pay slip for 2011/12 (my pay…
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Can I use a gift of part of value of property as a deposit for a mortgage
Hi - My partner's parents own a house that they inherited from her grandfather a few years ago that we want to buy from them. They want to to gift my partner and her brother a quarter of the value of the property each. I want to know what's going to be the best way of purchasing this property? We don't currently have any…
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Mortgage additional Fees
Hi there everyone I am a first time buyer and have recently been approved a mortgage with Halifax. I have taken advantage of their current offer of helping to pay half the Stamp Duty and also £150 cashback for first time buyers who hold a current account with them, so I'm quite happy with saving money on that part. However…
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First time buyers - Help
Hi, We are looking at our 1st house and are in a position to buy it almost (we think) But there are a few things we need some advise on. 1. I used to be a contractor and have recently got a perm job at the same company so we can buy a house. I was a contractor at this company since November 2011 and I was made perm on the…
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Move my Mortgage or not ?
Any advice would be great :- Currently got a mortgage of around 132,000 with a property value of around £215-£220k I'm on just an interest only mortgage as i got myself into a lot of financial trouble a few years ago and so an IFA got me remortgaged to a company which has since now sold/merged/taken over by Coventry…
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Buy to Let Survey?
I'd appreciate anybodys advice on buy to let surveys. We have had an offer accepted on a property which is in need of a few minor repairs and redecorating/carpets etc. It is in no way in a lettable condition at the moment, and I really need to know the requirements that the surveyor will want to agree the mortgage. Thanks…
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First time buyer advice/credit rating advice.
Hi. Hubby and I want to buy. We've saved our deposit. I have a credit rating of only 460 his is 970. Im not sure why mine is so crap....Ive had no missed payment for 2 years and paid off all but one credit card (which now only has a few hundred pounds on and will be gone next month). Today I read that I need to close any…
