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First Time Buyers - How Much Deposit Needed?
Hi forum, first post here! Me and my partner, both aged 22, are looking for are first home to buy. We are starting to save for are mortgage, but we are wondering how much exactly we need to save for are deposit. Is 10% deposit for a mortgage easy to find? We are looking for a house for around £90,000. Age: 22 Area…
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First time buyers....and i'm in a pickle
Good evening This is my first time posting although I have been browsing for a few years. Me and my partner have seen a 3 bed new build that we love. It has been reduced from £128k to £119995 and has been completed, so it is ready to move into. It has been equiped with a fully integrated kitchen with all the main…
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Still in Negative Equity will I eve be able to move??
My husband and I brought our 2 bedroom flat in August 2009 for £135k.. Then the housing market crashed.. I am desperate to move to a 2-3 bedroom house so we can start a family but we are still in negative equity. Our next door neighbours who have exactly the same flat as us (layout, quality and style of decor etc) and they…
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Father in Law Aged 77 £50k Mortgage Interest Only?
I am the executor of my father in laws estate a couple of years ago due to financial hardship he had to agree to switch to interest only from repayment. The current £50000 debt will still be there upon his death & in his will he states that one of his sons (aged 51) can remain in the property for 6 months after his debt…
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Will I have to pay mortgage as usual?
Hi this is my first post so please be kind! We are due to complete on our house sale on weds 22nd Aug (and will then go into short term rental before buying our next house) and our mortgage payment (west brom) usually comes out on 29th of the month. Will I still have to make this payment? or have i already paid for the…
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Second home purchase question
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BTL/Second home Advice
Hi..my first post so hope am not asking too much in my question.. I currently am a homeowner of a house that i bought for 210000. I have a mortgage of 150000 on this house. When i bought the house it was in a bad way and is now probably worth in the region of 230000. The mortgage deal ends in december... I have moved jobs…
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Chances of a mortgage offer
I am planning to make an offer of 124,000 on a probate sale and can't get to talk to my boker London & Country until tomorrow and getting twitchy! I am a single applicant earning £40K per year with a bonus of usually around £2k! I have a 10% deposit. Been in the same job for 8 years I have never missed any payments on…
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First time mortgage even possible?
Me and my partner are looking at getting our first mortgage but based on our situation I dont know if we'd be able to? On the surface based on banks calculators we could potentially borrow more than we need based on our joint income, BUT my partner is self employed, and only has been for the past 5 months. He was in full…
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Minimum requirements for 1st mortgage
Looking for some advice on putting in our 1st offer on a house. We would of both been in full time employment for 2 years next month. Is this enough time to even be considered for a mortgage? Age of 21 and 22. Secondly joint income is around the 30k mark. And I am looking at a £80 000 house with a 10% deposit I see no real…
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Obtaining a Mortgage
Right guys, My house was up for sale at the start of the year, I then found out I was getting made redundant so hastily took it off the market. Anyway, I found employment straight away so was never "unemployed" but is a little complicated. Basically as it stands now I am employed with a similar salary to before. So I guess…
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Sold insurance but no key facts provided?
My mortgage company asked for copy of my house and buildings insurance. My provider has failed to send me any copy of this and I have had no luck getting through to them (despite them taking my money for it) anyway I explained this to my mortgage company and they contacted them - the insurers said they had never heard of…
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Large deposit
Who gives best rates to someone who wants a small mortgage with an 80% deposit and no other debt?:j
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Mortgage lending into retirement
Who would lend until the age of 80 or 85. - 80% deposit available.
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Mortgages - how long before repossession?
Hi all, I will soon be buying my first house and I wanted to prepare for every eventuality. My main concern is how soon would a mortgage lender wait before threatening to repossess the home? After a missed payment? After several? Not only this, under these circumstances do they offer any deals such as offering to buy your…
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Buying house from parents
Hello Everyone Looking for a bit of advice please. I will just run throygh our situation and see if what i am trying to do is possible. My mum and dad bought a run down house for us at £125,000 they paid cash so we could get the sale as there was a lot of builders also putting offers in. They now own the house and we have…
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natwest newbuy mortgage app-not on electoral roll- please help!!!!!
This is my first time posting on this forum so please be nice!!! My husband and I have been saving to buy a new build and have recently found a house that we love that is ready to go now. It is basically an ex show house with everything in such as carpets, curtains, garden turfed, integrated kitchen etc. We absolutely fell…
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2 products - can't decide!
We are favouring 2 mortgage products from our lender and it's pretty much down to fixed rate or tracker. Any wise advice out there? 2yr fixed 3.09% fee £995 4.0% overall APR. Payment £958 (example shows fee included in payments) 2yr tracker 2.99% fee £995 3.9% overall APR. Payment £944 (example shows fee paid up front)…
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Mortgage for a Sub Contractor
We were hoping to port our mortgage with the Chelsea when we moved but my DH is a newly SE Sub Contractor which I understand is looked at slightly different to SE by some companies. After a bit of research it looks like Chelsea may not be one of those willing to lend but we can go elsewhere if we can prove his contracts…
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Mortgage Application - monthly expenses included as income?
Hi, I'm getting close to needing to apply for a mortgage, does anyone know if regular monthly expenses (I work from home so get an extra £400 / month on my salary) would be included "income" on a mortgage application?
