-
First time buyers 95% LTV mortgage - chances?
Hi everyone, My boyfriend and myself are looking into buying a tenement flat in Glasgow (the one we particularly like is offers over £89,000). We'd really appreciate some advice on our chances of getting a 95% mortgage. We have enough for a 5% deposit so are now looking at 95% LTV mortgages suitable for first time buyers.…
-
Will my BR affect my husband's mortgage?
Hi there, I went bankrupt in 2007, and have since then married. My husband and I are looking to move and have our house on the market. Hubby has already got a mortgage on his property, but is looking to go repayment as opposed to interest only when we move. His current lender has said they will lend up to 250k, which I do…
-
Have house depost AND debt - what's the best option?
Ok, here is a quandry I am in: * I have around 16,000 in debt, spread over 4 credit cards. * My salary is £39500 per year. Minus tax, pension contributions etc. I take home around £2400 per month after deductions. * My credit card payments are in the region of £480 per month. * I have a partner with an income in the region…
-
Partner in Firm - Still Get a Mortgage?
Hello there I'd be grateful for any help I can get from someone in the know. We're getting ready to move house and increase our mortgage - however we have six months to wait as I have been running my own business for 18 mths and so need two years accounts. We were waiting patiently, decorating etc - and saving - when my…
-
Advice needed on what road to take!
Im not sure if this is the right place to ask this question but here goes! We are wanting to move house, we need something bigger now we have 2 children! We have a bad credit report (3 defaults). We were wanting to borrow more money on our current mortgage £15,000 to pay off some debts and be able to buy a bigger house.Our…
-
Had home repossessed now expecting an Endowment payout..
25 years ago I took out an endowment mortgage to buy a house with a couple of mates. After 6 years we walked away from the house as we could no longer afford it due to job losses. The building society (Nationwide) chased us for their loss but gave up without much of a fight. Last year the endowment company (Scottish…
-
Chances of mortgage after repossession?
Hi My partner and I are looking at buying a house for between £150,000 and £200,000. However my partner had his old home reposessed 3 and a half years ago whilst with his ex-wife. He has paid rent for the past 3 and a half years and we have no debts apart from my student loan. We have a £25,000 deposit and was wondering…
-
Nationwide Mortgage - Signed Acceptance???
hello all I have just exchanged contracts and bene provided with an information sheet by the solicitor. It has a section regarding mortgages and in it, it says: "make sure you have met all outstanding conditions on the mortgage, including returning signed acceptances, clearing required debts, started direct debit mandates…
-
Comparing mortgage loans
I have a business mortgage of $ 5 M which was taken out several years ago and the balance owing currectly is $ 1.5M at an interest rate of 5.5. I require $ 10M for expansion purposes which I can finance as follows: 1) $3.5M can be advanced on the original loan (Int 5.5%) 2) I have cash of $ 1.2 which I can deposit into the…
-
90% LTV with a mortgage outstanding?
Hi all We accepted an offer for my partner's flat last month, which has today been withdrawn (problem with their finances, apparently). It took us 6 months and a couple of price reductions to get that offer, so we might be waiting a while for another. The place has been marketed at 100k, down from an initial 110k, and we…
-
Quick question:
OH is going to raise a mortgage on his house - owned outright. Two things raise questions - 1. He doesn't live in it (he lives with me) and 2. His grown up son does live in it, but isn't a tenant and doesn't have a tenancy agreement. We don't want a buy to let, because they are so much more expensive. Will he be able to…
-
Company Car and Bonus
Hi all, Just wondering really. I have a basic salary of £30k. I have a company car which comes with private fuel benefit, I think the BIK works out at about £8k. Does this get taken into consideration when applying for a mortgage? For example I don't have any car travel costs/maintenance/insurance/tax etc due to the above.…
-
Taking mortgage over on my own?
I am going through divorce. I want to keep the house. My mortgage advisor has told me that the best way to prove I can pay for the house is to prove I have been doing for 6 months. I am half way through. My wage is just over £21k and the mortgage outstanding is just under £88k. I have calculated online using the Nationwide…
-
Nationwide how long from full application to valuation then offer
Hi guys, We submitted our full application through our IFA on weds 15th August. Its a fairly straight forward application - 1st time buyers asking for 2x our joint income, no chain and seller has no chain. I am inpatient!does anyone know what kind of lead times were looking at at the minute for nationwide to send the…
-
Mortgage overpayments cancelled
Hello, Can anyone offer any advice. I have a mortgage with Halifax and have been making overpayments of £100pm. I recently received my annual statement and noticed that Halifax had reduced my standing order six months ago so that I am only paying my normal monthly amount - ie cancelled my overpayment. I have complained and…
-
Getting a mortgage
Hi everyone, I was hoping someone could explain to me the main steps that go in order of getting a mortgage and finally having the keys in your hand Basically we are looking to sick out toe in the water of home ownership looking for property that is around the £300,000 and we have a £50,000 deposit. So what are the steps?…
-
Nationwide BMR
Can anyone advise how likely it is that nationwide would give me consent to let whilst i am on their BMR? I know they add 1% onto your current rate if they let you, but would they let me do this whilst on their BMR which they have now amended and is only applucable to folk who took out mortgages prior to 2010, all other…
-
FTB, UK national but had some time nonresident
Hi, long time lurker first time poster, as they say. I'm resident in the UK, been working here all my life except for 18 months when I was working in the channel islands; came back towards the end of last year. I've been with the same company for 5 years but had a period where I worked out of the CI office so was not a…
-
Matured endowment: repay early or re-invest?
Our 25 year endowment (£30k life insurance but only reached £24k) has just matured but we switched provider and re-mortgaged in 2000 to pay for home improvements and the current mortgage (£50k) has 13 years still to run. More by luck than judgement, we've ended up with an interest rate of only 1.5% :T, so might it be…
-
Change of parties on mortgage, plans to remortgage afterwards
Hello, I need a bit of advice and suggestions please. I have a mortgage with NRAM that has come to the end of term for 5 years (since Nov last year) As they are not offering any new deals I need to remortgage for a new deal. So the issue is I have been out of work for the last 2 years due to taking time off to have a…
