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FTB - Please advise on best action!
We've had an offer accepted for £170,000. In terms of financing this sum, I'm looking at 75% repayment mortgage over 25 years. The £42,500 deposit will comprise of: £20,000 savings £22,500 from relatives (gift or equity - this is the discussion) I'm currently looking at: Lloyds TSB lend a hand, 4.99% fix for 3.5 years…
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How do I pay off the building companies share in my property??
I have a new build property which I have lived in for 3 years. When I purchased the property the builders paid 25% of the deposit. I have tried to sell my house on the market since November 2011 but unfortunately I haven't managed to sell it at the moment. I am wondering if anyone could help me with some advice. I want to…
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Is this feasible??
I jointly own a house but we are separating. The house is on the market for 350k, with mortgage of 170k. My ex is willing to be bought out by me and wants 80k, I earn 45k a year, now by all my calculations the banks wouldn't go for it. However someone I know who is a broker has said he thinks I could extend the term of my…
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What happens if mortgage payment date falls on a weekend?
So, we're about to make our first mortgage payment (due on the 30th) which just so happens to fall on a Sunday. My question is will the payment be taken on the Sunday or will it be taken out the next working day (Monday)? If it helps we bank with HSBC and our mortgage is with HSBC also.
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First Time Buy to Let Interest Only ?
Hi All, Hope you can help with some advice, i am already a homeowner and i am looking to purchase a buy to let property for which i have 25% deposit, the common payment for buy to let mortgages seems to be interest only which is ideal for me. My question is will i be able to get an interest only buy to let as currently i…
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In need of some help
Hi I'm in the process of moving house, I've had an offer on a house accepted and mine will be on the market within 2 weeks - a bit backward your thinking but my in laws are buying my next house for us, the reason they are doing this is because it puts us in a great position and not restricted in anyway. Now the snag, once…
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Help with remortgage- partner has huge debts I didn't know about
Last week my partner told me that he is has a 30k credit card debt and a 20k overdraft. He has just lost his job so now can't pay these debts. I am desperate to clear the debt, as I don't want our house to be at risk. My plan is to sell our endowment policy- we can cash it in for46.5k- in order to pay it. I am then going…
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Buying BTL through limited company
There are 2 directors in a limited company. One is in his early 50's and the other mid 20's. If the person in his 50's is the sole shareholder but there is an age limit of 65 for the mortgage will the bank still lend for 25 years when there is a director in his mid 20's? Why do banks still require minimum income for…
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Mortgate application declined - advice needed please.
Hi everyone. I'm sure this question has been raised before but I thought I'd ask it for advice: Have just (two months or so ago) moved out of my current property which has a short consent to let in place with my current mortgage provider - and have just spent an hour on the phone to Northern Rock regarding switching the…
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Going From self employed to employed
I was self employed for just under a year but then sold my share in the business to my business partner. I agreed to stay on for a year before i go off traveling. As the company the company was less than a year old i was unable to take out a buy to let mortgage beig self employed. Now that im employed does this mean that…
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Mortgage on a property with an annex
does anyone have experience of having a mortgage on a property with an annex attached. (the annex is attached but has separate entry). The property does not currently have planning permission to let the property as a holiday let ( I am aware this is something that is required). We are interested in buying the property but…
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Endowment mortgage help for family
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Haggling on mortgage fees?
Has anyone ever succeeded in haggling on thier fees? I am looking to do a longer term fixed mortgage, with low LTV (under 40%) and a salary multiple of 3 (or 2 by joint income with Mrs. Nollag). With a good credit history, I dont think getting the mortgage will be difficult but I wanted to know if anyone has ever succeed…
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Mortgage and Student Loan
Hi all, please can you help? I'm in a very fortunate position were my parents are willing to assist a fair amount towards the down payment of a house (on the agreement that they will own that percentage of the value of property). They have done this previously for my older brother, but used a solicitor to arrange it so…
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I need advise again please
So we got aip (Halifax) back in aug. found a house, offer accepted, mortgage offer through, bad survey = we pulled out. Found another house. 4k more but about 45/50k below aip. Offer accepted, survey done and its been down valued. And the valuer had given a list of reasons and work needed as long as your arm. I spoke with…
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Confused! Moving mortgage question
Hi I'm a second time house buyer and would really appreciate advice, having had two v confusing talks with mortgage advisor at Nationwide. We have received an offer on our home of 205k. We have a mortgage on this house of 17k, plus an overpayment reserve (OPR) of 41k. We are hoping to buy our new home for 340k. We are on a…
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problems and mistakes with calculationa
Hello has anyone had same problem as us Took out loan in 1986 endowment to finish 2009 (£20,995) then added for home improvemnts came to £28,995 altogether as endowment. then took out £7200 in 1996 We think that they had then added all together and mistakingly calculated repayment. In 2003 took ot £20,000 our payments have…
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mortgage repayments calculation mistakes
We had taken out a 28,000 mortgage in 1986 for 23 years as an endowment. we then took put a £7200 loan in about 1996. then in 2003 we took ot a loan for £20,000. We had been asked to pay £600 per month which we think is too much and we think during the first loan of £7200 all the money had been put together and treated as…
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Help me decide which mortgage please....
So we potentially have an offer (at much lower than we wanted but hey ho, we're seeing if we can live with it and drive down the price further up the chain). Anyway mortgage question, we currently have a Woolwich tracker BBBR + .95% which is portable, so don't really want to lose that! (95,000 outstanding). For the…
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mortgage advisor failing to return cheque
a few weeks ago a mortgage advisor came round to discuss new deal with a different lender. agreed to move lenders and fee was 250 quid for him to do all the work. rand my existing lender to explain i had found a better deal than the one they offered originally ,they then offered me a better deal than the advisor had found…
