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Best 90% mortgage deals
Hi guys I was wondering if any of you good people could provide any advice on availability and affordability of 90% mortgages. My wife and I have a combined salary of £51, 500 (part time and full time teacher) and we are looking to buy a property with a value of £240,000 - £249,000. We have a £25k deposit and moving costs…
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Should we sell our house and start again
we bought our house with a 100% mortgage back in 2007 pre the credit crunch for 110,000. It has now been valued at around 90-95K so we are clearly in negative equity. we also have a mortgage with Mortgage express (Bradford and Bingley) and are stuck with them because we don't have any equity or many savings. We can afford…
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Mortgage with a loan for the deposit
Hello Everyone I was hoping I could get some advice on the below situation? I have been giving conflicting information in regards to the above. I have spoken to Natwest and Lloyds and both have said that if I had the Loan from another bank then it would not affect the mortgage application as long as we were ok with…
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ltv
hello all, i'm looking to maybe remortgage as i'm with bank of ireland and my svr has gone up. i know how much is outstanding on my mortgage but i don't know my house value to calculate my ltv. would my new provider come to my house to look around to value or just look at the market. i am going to see an advisor soon and…
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Halifax and Firstplus
Hi,I have a mortgage with the Halifax & a secured load via Firstplus, i have just lost my job & have a couple of months funds,after that I will struggle, my question is that I know you can contact Halifax before you get into trouble and talk it through but i dont know if Firstplus has a similar policy. If I couldnt afford…
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Mortgage affordability?? Your opinions please!
Hi My partner and I are first time buyers looking at what we could afford to buy!! We earn around £3600 a month (after tax) between us. We are looking at mortgages which are about £900 a month. Is this realistically affordable in other peoples' experiences?? The main concern is not the affordability on our current…
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New Build Mortgages help please
The fiancee and i are first time buyers, now we have seem some nice new build story houses locally we are interested in. With us being first time buyers everything is confusing lol So some questions i need answered if you can. 1. When we spoke with the story woman, she said they required a £1k deposit for the plot, then a…
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Student loan + mortgages
I finished uni in 2006, and have a big loan (~£15k). Will this affect my chances of getting a mortgage? I am not even paying the loan back, though should have been for years. I have phoned them many times about this, yet nothing seems to happen. My pay is £32k, and i have a £70-£80k deposit saved. I am hoping of a…
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6 storey flat with no lift
Despite HSBC offering us a mortgage and appointing solicitors, the surveyor came back and refused lending on the flat we would like to buy because: "The property is on the fourth floor of a 6 storey building with no passenger lift" I'm annoyed that this question wasn't asked of us in the first place and why there isn't…
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Getting a mortgage for moving house
Hello all, Myself and my partner will be moving home soon due to change of job location. We are finding getting a mortgage tricky. I am a self employed tennis coach with previous years evidence of earnings. My partner is a Physio who has worked for the NHS or currently social enterprise providing NHS services. The…
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*** Best Mortgage for us - advice please ***
My Mrs and I live in a house in Manchester which is currently on the market for £110K however we do not believe it will sell anytime soon (we believe given the area and given the current market it may well be years before it sells) We bought our house five years ago on a 25 year mortgage when prices were at their highest…
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Remortgage
Before i start looking, does anyone know if any lenders take large equity into account before income? My present loan is £37k on a £450k house. My income is only £10k (not even 3 times the loan) You would think with such a large LTV, they wouldn't care!
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mortgage for new house
Hi everyone im looking at buying another house in the very future.i currently have a mortgage on the house im living in. (55k remaining/mortgage £340PM)) of which i'm going to rent out for £100p/w.does anyone know what roughly my max mortage would be that i could take out for a another house? i earn approx 38k p/a with no…
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How much deposit required on £400K home?
I know there are variables like credit history, job, and so on, but any idea roughly how much deposit a bank would ask for in current climate? I am looking to buy my first house and I have no idea. I haven't inquired about anything with the banks yet and would like some advice here first.
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Can I beat the banks?
Hello to everyone, This is my first post on MSE and so I hope that I am doing it correctly and apologies in advance if I make a mistake or two. So, my key question is....can I beat the banks? My mortgage situation: £41,000 remaining on loan My fixed term is set to end in Aug 2013 I have a friend willing to lend me £40,000…
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Best Mortgage Rates ?
i can remember some one posting a website which was inderpendent, and it showed the best rates for a 15% deopist. can any one remember it ? Many thanks
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How much could we realistically borrow?
Anyone that has seen my other posts will know that after 2 years of employment and saving a deposit me and my partner both early 20's are ready to buy. I originally was looking at a very cheap property, but now I am having I am wanting to ask a U-turn of a question. Realistically how much could we stretch to borrowing.…
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Royal Life Endowment Surrender opinion
Bit of of a dilema here. I have a Phoenix (Royal Life) low cost endowment maturing in august 2014 costing £71 pm to cover a mortgage of £50k. The mortgage ends its current fixed period next month and I had made the decision to surrender the endowment ande repay the mortgage. Having received the surrender quotation of £32k…
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Gifted Deposit - DWP?
Hi all In a few years we are hoping to buy my mother's house, which we currently rent. It's worth around £125k and she will be doing a gifted deposit of at least £20k. 1) My question is, do I have to declare this to the DWP? As this is effectively my inheritence but is NOT to be used for anything other than towards a house…
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First time buyer advise?
I am about to put in a second offer on a house.I will obviously be getting a survey done but my question is this..If surveyor came back with undervalue of the house,do i have to repay the fees to get the mortgage anyway? If vendors drop the price due to undervalue and price negotiation do i have to repay this fee if i want…