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First time buyer - worried about credit history.
Hello there. I know this is a regular post, I've read through loads myself. Was just looking for some advice really. OH and I are looking to buy our first property together. We have approximately a 10% deposit and looking at borrowing between 90k and 110k. We went to HSBC where we were given an agreement in principle and…
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Mortgage increase
I have a mortgage with C&G with a 0.5 % interest above MLR for life. I wish to increase my mortgage.Do you think it is possible to retain the present mortgage at the fixed rate and add a new mortgage for the new amount.
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Mortgage Dilema
I am fortunate to be able consider buying a buy to let property. It will cost approx 115k with a potential income of £600 per month. I can raise approx 100k. Should I get a repayment mortgage for approx 25k over 10 years and have some cash in hand or put the full 100k in and get a loan over 2 years costing approx £663.00…
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Staff Mortgae offer = good offer?
Hi All, I’m trying to work out if I am actually benefitting from my staff mortgage offer (I work for a high street bank). I’ve just had a surprise tax adjustment (not in my favour) because the P11D forms were either submitted late or they did not contain correct data (from my employer). This has been a regular thing for 3…
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What can I do?
Hello there! First time poster on here. My mortgage is due for renewal at the end of this year. To summarise my situation, my mortgage is at £72,000. My parents borrowed £38,000 to help me purchase my house. They have been paying the interest on this £38,000 for the past 5 years. Now I need to pay them back as it were. I…
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First time buyer - Deposit but what now?
Hello all, First time poster long time reader of the forums. I apologise for the length of this thread! I'm keen along with my wife to own our own house but not sure I know exactly what I'm letting myself in for. To give you an idea we've got roughly 25k saved. We earn a combined salary of 32k live in Norfolk and would…
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Creative mortgage / borrowing options required
Hi All We have the opportunity to purchase a property close to one of our offices to eliminate £100s of fuel and hotel costs we incur every month travelling to our site. The value is £160k and we would be able to raise a decent deposit if required. However, the challenge here is our credit rating has been shot to pieces…
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Options for mortgage with previous missed payment
Hi there I wish to buy another home and have a large deposit of over £100,000. The problem is that I have a couple of missed mortgage payments from earilier in the year so I have reckon I may have to wait till my credit report is clear. However are there any options available out there for example a a sub-prime lender who…
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Remortgaging with adverse credit
Two years ago, having followed advice form this site :) , I contacted the CCCS as my personal debt had escalated to £26k. This has since come down to £5.1k and despite feeling ashamed at the start, feel proud that I have cleared so much so soon. Following a recent family bereavement, we are moving to a new house. I have…
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Am I a first time buyer??
Hope someone can advise me... I bought a house with my ex 5 years ago, we were both on the mortgage. In 2010 we split up, he bought me out of the mortgage and I have been renting since then. I have just had an offer accepted on a house and am searching for a mortgage, but do I put in the search box that I'm a first time…
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Commercial Mortgage Dilemma
We wish to buy a property as a home but we also wish to let a room or two (under 6 beds so not a full blown B&B) and maybe turn an out building into a holiday let. We have been advised that we would normally require a commercial mortgage but my partner's salary (she will continue to work) will cover the mortgage…
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Mortgage Offer Received - Next Stage?
I am new to property market, I have no idea of the process involved. I would be greatful if someone could advise me of the process and a rough time scales until we get the keys to the property. We have received a mortgage offer yesterday for a new built property. Received a letter confirming the offer on the post this…
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Demolish/Rebuild on a Mortgaged Property?
I own a bungalow which is mortgaged. Have been thinking about designing my own green/energy efficient bungalow then having the existing one demolished and the new built in its place. Question is does anyone have any ideas how a mortgage company would deal with such a situation? As the mortgage is secured against the…
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The Morgage works btl application. Sooo slooooow!
I submitted my btl mortgage application at the end of July through London and country. Since around the the end of August they have requested various documents in dribs and drabs. First they wanted a letter from my father regarding gifted deposit, which was scanned to L&C like all the other docs then they decided they…
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Santander head of mortgages
Hi Having major problems getting Santander to send a mortgage offer to a solicitor, the offer was agreed 22nd August, and they still fail to send this off. They agreed last week to fax it, and they say they have done it, yet the solicitor has not received the paperwork. Calls get ignored, told to ring one dept and they say…
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Pay down Interest only or Capital
Evening all I have a part and part mortage with the same rate. Does it matter what I pay down. I currently pay down the IO - but a friend at work said it was best to pay down the capital one as that means you pay less interest overall.
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Accord or Woolwich. Panicking FTB!
Dear forum, I am a FTB borrowing relatively small amount (less than 100K) trying to choose the mortgage deal, currently left with 2 choices: Accord 3yrs fixed at 3.19%, 1000 aplication fee and booking fee, free valuation, 250 cash back on completion, SVR after that is 5.6% Woolwich 3 yrs fixed at 3.89%, 499 application…
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Ditch the mortgage, or deal with it?
Greetings. I'm getting quite desperate and I hope someone here can give me an option a little less rash than the courses of action I'm considering. I have a £45000 40% share in a first floor 1 bed flat. It has been on the market for about 6 months, and it has barely registered any interest. As it stands if I sold it for…
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question on overpayments
just a question on a woolwich mortgage, similar to many others where you can overpay 10% of the balance each year. if you have already paid 10% in the first year, what would happen if you sent more money to the overpayment account details? if you have money ready to overpay for the next year, is the only option to put it…
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Remortgage sums headache! Am I missing anything?
We're just coming to the end of a 3.94% 2-yr fix with Bank of Ireland (via Post Office) and next month will go onto their follow-on rate which is the SVR of 3.49%. Our mortgage is around £185K which is 80% LTV. With some effort we could just about make a lump sum payment to bring it down to 75% for remortgaging, but only…