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Solicitor Search fees before mortgage approved
Hi all Me and my boyfriend are in the process of getting a mortgage with nationwide. The valuation was done on Friday but I've heard nothing back yet. The solicitor allocated to our case (done through nationwide) has written to us with an outline of the fees involved, searches etc..They are asking us to pay the search fees…
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Commercial Mortgages - Advice required
I am currently running a pub under a tenacy which runs out in March 2013. Rather than renew my tenacy, I am looking to move into a new area, and am considering purchasing a B&B in Scotland. Although I have some funding (equity in home, some cash, and F&F assets in the pub), I do not have enough cash to purchase a B&B…
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Affordability - shared ownership
Hi all I was recently turned down for a shared ownership flat through a Housing Assoc. They did an affordability calculation and said due to government regulations I don't meet the requirements, even though I meet the salary requirements. :( I understand why, I have £2.5k credit card debt and so they therefore require a…
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property sale imminent, stop paying mortgage ?
morning, My property with tenants is being bought back by the council. Sale agreed. Tenants are delaying the process. I have little or no income, and my debts are mounting. mortgagee says no to my request for payment holiday in anticipation of completion within a couple of months. If I just stop paying what are the…
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How much could I borrow with these figures??
Hi Sorry if this is not the correct place to post, but I have a query re: mortgages if anyone here could please help? I recently sold my house after the breakdown of my marriage and DS and I have moved in with my best mate till I can buy a new place. I have seen some properties I like for the £85k - £95k mark. I have…
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What Are The Chances
Hi I am a very regular reader of the forums but first time poster.....I am just hoping for some opinions/advice....please. I am hoping to get a mortgage but I am not sure about my chances of being accepted. Background and details below, but in a nutshell; · Recent searches on file (new credit cards 5 searches and HP 3 -…
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Re-mortgage advice please!
My two year fixed rate (3.19%) interest only mortgage with Santander will end on the 3rd September and change to the variable rate which I believe is currently something like 4.29%. I would obviously like to re-mortgage and change to a better rate as soon as possible, I only found out that my mortgage term ends on the 3rd…
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Ex IVA mortgages
Hi, Does anybody know of any mortgage lenders banks or buiding society that will lend to ex iva that has been completed 2yrs ago i have 15% deposit.
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Inheritance Tax on gifted deposit
Hi, Hoping one of the resident experts can help on this. What are the potential IHT issues around gifted deposits for a mortgage? eg if a parent gifts £25k, would there be tax payable on that and how much... Many thanks, Phil
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Agency worker, any chance of mortgage??
Been working for JLR through an agency since April/May time. Would I be able to get a mortgage or do I need to be employed directly with a company? I would be looking to buy at about 100k. Earn in the region of 25k a year and have a deposit of around 20k which I'm adding about £500 a month towards. Would I have a chance or…
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Recommend a mortgage broker/adviser?
Please can anyone recommend a mortgage broker/adviser in Rugby and/or Milton Keynes. Thank you.
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1 income only
Hi All My mortgage fixed deal comes to an end September 2013. My question is what happens next as my wife has lost her job and we face the reality that she may not find another job because of age. So our income has dropped by £10.000 what i need to know is what can my mortgage company do about it because obviously we are…
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Mortgage outstanding confusion
Hi everyone, this is my first post here :) I've been trying to find out about mortgage repayments as I noticed something very strange on my outstanding mortgage amount. I recently started keeping track of the balance outstanding amount to see how much capital was coming off and how much interested. I do this by making a…
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Two mortages on same house?
I'm looking to do some work on my house, and I need about £30K. Trouble is, I have a Nationwide pre-2009 SVR which I absolutely don't want to change since it is guaranteed at 2% above base rate! Is it possible to take the extra money out as a mortgage with another lender, secured on the equity of the house? I have about…
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COMMERCIAL MORTGAGE..firebird finance,anyone know them?
Hi not been on for a while. Looking to buy a business, and we are about to launch into a commercial mortage with Firebird Finance. Does anyone know them at all? they are registered at Watford. Its just that we have to pay approx £1000 up front in searches etc and could still be told no we cant finance you!! And lose the…
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Mortgage options question
Hi all, Im new and have a query, I was wondering if there were any options for people who are carer's to obtain a mortgage for a property up to 100,000 pounds? I am in the unfortunate situation of having two severely disabled sons who will live with us for the rest of their lives, I am a full time carer for them, we are…
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porting mortgage question
If my current house sells for 90,000 which is the same as the remainding mortgage I have and a deposit to port this mortgage is to another property is 5%,does this mean I can move house that's selling for 90,000 or 94,500? My mortgage company wasn't really clear about this when I spoke to them.
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BTL Entire block of flats
Which lender(s) might be up for a single building with a single title deed consisting of half a dozen self-contained flats (ie: not HMO), gross yield around the 10% mark. Experienced landlord but essentially no earned income.
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Santander nightmare, do I have another option?
Hi there This is a little complicated, but I will try to explain. My husband and I owned house A with a Santander Mortgage of £171k outstanding, the mortgage has and ERC of £5100. We wanted to move to a new build, and one day went to look at what was available, were shown a house with a great plot and a fab outlook that…
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Mortgage help and advice
Hello Our current situation is : Car for 167 a month, We earn jointly 35000 and we are looking at a 85000 property in cheshire with a 90%LTV 5 year fixed mortgage to coincide with the loan. Our problem is that because we are renters it is hard to save the money for a deposit, so our resoloution was going to be to take a…
