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First Time Buyer Mortgage Advice - 10% deposit
Hi, I would be grateful for any advice on 90% LTV mortgages. We are currently seeking to buy the house we rent for around £115,000/£120,000. We currently have £5,000 deposit and hope by April we will have the required £12,000 (or higher) needed. The landlord plans to put the house on the market next week so we are hoping…
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Extending mortgage offer?
Hi, We have received our mortgage offer and it is valid for 70days. We have since found out that the last person in the chain who is buying a new build will not be ready due to the builder. Based on this we require our mortgage offer to be extended, I have been informed we can apply for an extension however we need to…
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mortgage calculation help please!
hi, I would really appreciate it if those that are good with calculations check to see if I have got my sums right .... We currently have a mortgage of 86k 4.79% hsbc Repayments are £999 pm + 200 o/p, which would pay it off in 9.1years There is 2.1yrs left of a fixed rate. I'm toying with moving to a 5 year fixed, 2.99%.…
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How do i work it out
Hi there, i have posted this question before as part of another thread but have had no replies yet so am posting this part separately. I have an outstanding balance of about 38000 on a property worth approx 80000. Have had an offer of a 5 yr fixed rate of 3.99% from Santander at 3.99% and monthly payments of £272. I have…
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Re-mortgaging when unemployed
Hi all, I understand that there are other posts when concerning this topic but they are either old or not entirely relevant to my problem. So, bare with me please. I had a 2yr fixed rate mortgage from Aliance and Leicester that has now expired so i'm on the variable rate now. So, i'm now looking to re-mortgage. There are…
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Foreign income for a mortgage?
Hi everyone! Just looking for a bit of help really to a question I have been trying to find the answer to for a while now. Before I go on I'm pretty pessimistic about the answers I'm going to get but here goes! Can I use my foreign !income from Australia to get a mortgage in the UK? My main problem is I'm only on a working…
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Cant get off my mortgage and ex trying to ruin me financially
I split from my partner 2 years and ago and have a 3 yr old daughter with him. We were 2 years into our mortgage at the time and i agreed that i would leave the family home with my daughter as i could not afford the mortgage on my own. He agreed to take me off the mortgage of which this has still now happened. He started…
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Approx timescale to completion?
Hi All I'm looking for people's rough estimates on timescales if poss. Mortgage offer is being sent out tomorrow and Im instructing my solicitor to start the various searches which are required re the freehold purchase of a house. The vendor will move out when i am ready to complete. From this point (with no chain issues…
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Brink of break down. Need to move but have negative equity & no savings :-(
Im in some desperate need of help/advice. We bought our new 1st home in Nov 2006. We live in a 1 bedroom top floor apartment. We are now expecting our 1st Child in January 2013. We are desperate to move to get at least another bedroom but we massive problem with negative equity. our mortgage advisor set up a mortgage for…
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Mortgage and remortgage help!
Hi all I'm in the process on buying a house and was just after a bit of Info. The house I might be buying is worth 140k but I can get it for 80k but it needs alot of work, outdated and damp but the outside construction needs about 10k. I can get the mortgage for the property value but these days you. Any add on money for…
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Remortgaging with credit card debt
We purchased a house and renovated it, in the process we ran up a lot of credit card debt paying for fixtures and fittings. We are due to remortgage early next year, will the debt affect us? Will we be able to remortgage to pay off the cards? TIA
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If i was a lender...
A friend of mine wants to buy a house. I have no problem lending her the money but i do wonder if i would get the money back, may be she was to die, may be she got into debt and sold and didnt repay me. No that i think any of these things will happen its best to be prepared for anything. Can i take a first charge on the…
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Letting my existing home and buying a new property
I've recently been offered a new job which will mean that I have to re-locate. I was wondering what my options are with my existing home? I have a property which I live in and is mortgaged. To buy another house I would probably have to sell this house or get a bigger mortgage to release some money for a deposit! Can I get…
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change of mortgage from owner to landlord
What are the chances if/when I inform my mortgage company I intend to let out my house my mortgage rate will increase?
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Will claiming Pension credits interfere with Mortgage insurance paying out?
Do mortgage insurers still pay out if you are made redundant and claim 'pension credits' rather than 'job seekers allowance' ? If anyone has any inkling please let me know. Thanks, Jim
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Mortgage condition re: credit card
I got my mortgage offer through today (Nationwide). It has a clause saying the mortgage offer is made subject to a credit card of approx £100 being paid off before or at completion. This is a credit card with a limit of £1000 that I use only for online shopping and making hotel bookings. It is almost always paid off in…
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2 Year old defaults - what are my mortgage chances?
Hi all, I've been reading here for years, and it seems like an invaluable resource, hoping to help out others in future :) But right now I'm in need of some help, a few years ago I landed myself in some financial trouble (getting much more credit than I could afford at ~21yo). I have 2 defaults, both settled, the most…
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How are my chances of getting a mortgage?
**Post Deleted** Thanks for the advice.
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FTB mortgage...
So my partner and I are ready to start house hunting...we've already seen several we like...and I'm just now wondering what our chances are of being accepted for a mortgage. My partner earns 21,000 pa and I earn 18,000 pa. We both have good credit history, no late payments, defaults, arrears etc. Partner has 1 cc that is…
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Cost of borrowing
I am a first time buyer and therefore need a bit of help with somethings. for example, I have two properties in view. Property A is 100k and property B is 70. The initial deposite available is 10k for both the properties. My question is: Does the expensive property costs more in buying with a mortguage OR the cost of…
