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Who could beat NW 5 years Tracker Mortgage 2.69+0.5%
Just find out If you are First time buyer Have Nationwide Flexi account as a main account Have Deposit of at least 30% You could get the best deal with Nationwide 5year flexible Mortgage tracker of 2.69+0.5% http://www.nationwide.co.uk/mortgages/interestrates-types/rates.htm?buyerType=ftb In addition no fee product, e.g. -…
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Working from home...impact on mortgage?
Hi all, I'm currently in the process of applying for a mortgage and my partner has suggested she would like to start a treatment room in the house to do massage and nails etc. This is something she used to do before having children and whilst I doubt it'll be a massive earner, it's something she can easily do in the day…
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Cash buy a property, rent it, later mortgage it and buy another to live in. Doable?
I could do with some advice please, as I don’t have a clue how possible this idea is. At the moment I am paying rent, and need to live where I am but I have cash to buy a moderate house somewhere, but am not ready to actually live in it. So, I am wondering if I can buy a house to rent out, or as a holiday let, with cash,…
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Getting a Mortgage
Hey, me and my boyfriend are looking to get a mortgage on a house together this summer. He has inheritance for a deposit from his grandparents, however I have bad credit. Is it possible to put down both our wages on a mortgage, yet only have it in his name? Or is there another way that we'll be able to get a mortgage…
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sole/joint affordability
Does anybody know how Nationwide calculate affordability for mortgage - is it quite strict or do they take every situation on its merits? I am going to see them tomorrow to see about borrowing around 170k on a 205kish house. Using their website it reckons they would loan me about 160k (dependent on specifics) - thats as a…
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Electoral Register
Hello all, I posted this on another thread but I don't think it was fully relevant. I hope you can all help. My partner and I will be looking at buying a house in a few months time. We are currently living at the same address although I am still registered at my parents house on the electoral register (as are my bank…
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Nationwide Mortgage, where is the hack/pifalls
Nationwide is offering Flexclusive cash back mortgage: £1,000 cash back for first time buyers with a main Flex Account. http://www.nationwide.co.uk/mortgages/interestrates-types/specialoffers.htm?offer=9 I just find out they offer overall cost APR of 4% for 2 years tracker from the following site.…
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Please help......
I bought a house 6 month ago with my partner. the relationship has turned bad. we are in a2 year fixed rate mortgage. I can return her equity from deposit to her but bank wouldnt let me take mortgage on myself and that would incurr ridi ulous penalty. can i give her part of deposit back (which she wants) and continue pay…
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Natwest mortgage repayment
Hi All, about to buy our first home (currently in rented). Now, with the rented property our rent payments were in advance, I believe that mortgage payments are always in arrears, is this correct? If this is so does that mean that if we complete on say 29th June, our last rent payment will be May 31st (for June's rent) and…
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setup a limited company to get 3 months wage slips for a mortgage
Hello First post on here I'm self employed and whilst capable of paying the mortgage and bills as well as supporting 2 children and my girlfriend who doesn't work, I had to have my parents take out a 5 yr term interest only mortgage in order to stay in our home, they are 63 and 62 and the term ends nov 2015 I had to do all…
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mortgage and fixed rate.
hi i have just come out of a fixed rate mortgage where i thought that i was meant to be paying a fixed rate per month, but my lender kept changing the payments i was to pay each month, and when i questioned this to them and pointed out that is not what i signed up for, they told me it was to do with the libor rate changing…
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Moving to Interest Only advice please
Hi, I have a repayment mortgage with 19 years left and owe £91k. There is around £40k equity in the house. I have never missed a mortgage payment however I have many other debts and have a DMP with the CCCS (I should never have taken a mortgage out in the first place as very quickly got into debt - but thats another…
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Halifax mortgage declined
Hello, Below is my status when one of the mortgage advisers from Halifax accepted my application. Trouble started after pushing the application through underwriters. 1. I am self employed, willing to provide 2 years audited accounts. 2. Mortgage required 200k 3. Deposit 25% 4. Year 1 salary 16km Year 2 salary, 29k year 3…
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Second Mortgage
Hi - Could anyone give me some advice please? My situation is, I own outright my current house, totally mortgage free, this house is now up for sale for £90,000 But I have seen the house I really want to buy for £120,000. I dont have enough money in savings for a deposit..... So my question is: Could I remortgage £20,0000…
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Over Payment Advice
Hi all, wondered if anyone could help steer me in the right direction. The wife & I have a relatively small mortgage (approx 55K) & our hideous 5.79% fix rate has just come to an end. We've this month moved to a tracker which is Base Rate +1.5%, meaning our monthly payment has dropped from £422 to approx £250 p/m with no…
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Mortgage arrears
About two years ago I lost two businesses and had a period of real financial hardship which resulted in mortgage arrears of £2,600. At this time I went back to my roots as an Accountant and started my own business. Trade has gone quite well and i have not missed a payment for two years. I have been debating with the bank…
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Clydesdale and London & Country - an ongoing tale of delays and miscommunications
A warning to fellow mortgage applicants: Clydesdale Bank are possibly the slowest, least efficient and most incompetent institution I've had to deal with in a long, long time. So, the back story: my partner and I have moved to Oxford recently - change of job forced a change of town. My firm will pay me relocation expenses…
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Bank accounts?
HI all,hope some one can answer my question, when my partner went bankcrupt 6 years ago she had to close her account with lloyds tsb,i had a account with them so all we done was pay her wages into my account and pay the bills from there since then. For the last 6 months she has opened a Co Op basic account but has not yet…
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Taking out credit shortly before completion
Hi Everyone! So, we exchanged contracts today and I'm very excited. However, as FTB (or virtually, we haven't owned our own place for 4 years) we have zero furniture. We've got some cash put aside and have several thousand pounds of vouchers from our wedding, but looking around there are some excellent deals from Next and…
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changing address while applying for mortgage
Hi - I'm in the early stages of buying my first flat. I'm renting at the moment but will need to leave on 15th May. I'm going to stay temporarily with a friend but how might a change of address at this stage effect a mortgage application? I'm not even sure whether I should stop paying for council tax etc until its all gone…
