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Interest Only Mortgage?
Hello I currently have an interest only mortgage which has been great over the last 8 years. I am looking to keep this mortgage going, get consent to let and rent out this house. My partner and I are looking for an interest only mortgage to buy our primary residence family home. We have a LTV of 80% but are really…
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Pinpointing a good mortgage broker
I'm curious to know whether the location of a mortgage broker has an impact on the competitiveness of the mortgages they can broker and the fees they charge? Also what are the benefits of getting a local broker? And what about the quality of their knowledge? I'm guessing this would be independent of location, but possibly…
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Buying a house that requires improvement
Hi there, i'm hoping someone here can offer some advice. I'm based in Scotland and we have seen a house that is on at a fixed price of £54,000. It will require a new roof (asbestos sheeting at the moment), new windows (single glazed) and treatment for woodworm at some point, the home report estimates this at £15,000. We…
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Purchasing 2 properties - HELP
Dear all, My wife and I are looking at purchasing a converted barn that has a flat above it. The converted barn is freehold and would be our living accommodation (it has 3 bedrooms and kitchen, living room etc), the flat is leasehold and sit above the barn (it has kitchen, living room, 2/3 bedrooms). The flat is a separate…
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Extending an offset mortgage
Hi, My fully offset mortgage is about to expire and I would like to extend the facility beyond that date for the possibility of further lending on the existing terms. Does anyone know what criteria lenders look at to do that? I'm 53, employed, with savings and the endowment on my flat matured a few weeks ago. Thanks
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Mortgage with gambling issue
My friend from work is currently going through a mortgage application and he mentioned the mortgage company have asked for 3 months bank statements. I said this was normal for the mortgage company to do this. He then went on to say that he has a few payments going out to a gambling website and would this effect his…
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CeMap help and advice
Hi, I'm new to the forum, but not the site. It looks to be a fantastic resource for somebody new to the mortgage business. I've recently started work for a small IFA(my father's!)and am looking to get through my CeMap exams in the next 6-12 months. I'm new to the business and have been trawling the internet looking for…
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Woolwich DIP - Mortgage declined due to credit issue
Hi, I’ve recently applied for the following with Woolwich through a Broker: -* House type = Flat * Build = New build (2009) * Price = £125,000 (reduced from £129,500) * Deposit = £19,000 * LTV=15% * Mortgage required = £106,000 Note: - The reason I went with the Woolwich is because it’s a new build (from 2009) and they…
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First time buyer - advice please
Hi I and my boyfriend are looking to get a mortgage in early 2013; we are both first time buyers and we will require the lender to borrow us around £130K - £140K. We have our required 10% deposit and both have a good credit history although I am employed and earning £19,000 per year before tax, my boyfriend is self…
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Freelancer - mortgage advice
hi, Myself and my girlfriend are starting to look towards buying a house. I'm a freelance graphic designer graduated 3 years ago and am only now making a stable wage. My girlfriend has been working full time for 4 years since she graduated from uni. she earns 18k and i'm projecting to make 21k this year. We can easily pay…
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Adverse credit - how bad is bad?
Hi, I've just checked my credit report and I have an old mobile account which had four missed payments due to a dispute between myself and the mobile company. I thought this would have fallen off my report by now but the late payments were Sep-Dec 2006 and the account was settled in Jan 2007. I understand this will fall of…
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rtb mortgage
Hi, Can someone tell me if i can simply search for a mortgage and put the deposit as the reduction,Our house is valued at 92000 and we have to pay 38640. or do i have to specifically request a right to buy mortgage?? thanks for any help
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MSE News: Parents' pensions could guarantee mortgages
"Young people could be able to use their parents' pension funds to secure mortgages, under plans unveiled by Nick Clegg ..." Read the full story: Parents' pensions could guarantee mortgages
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Ground rent demand letter
not sure where to post this! I received a letter form a company (full name and address supplied) on saturday , (dated 24/4/2012!) it does not say whether it is a statement, but says :- rent arrears c/f 62.50 rent 2.50 to24th dec 2011 total due 65.00 the bottom of the sheet has a remittance slip. it also has on the reverse…
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Can I transfer my mortgage to my sister?
Currently I have an interest-only mortgage on a flat, which we got in 2008. Think it was 95% mortgage. My name was used by my parents when buying it to avoid paying the second mortgage tax, and as they were buying it for my to live in during University. The mortgage is in my name still and the mortgage comes out my bank…
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new complaint re missold endowment
Hi I'm new to this. Im going to try complaining about being missold an endowment in 1991. I know its a long shot after such a long time. Can anyone please direct me to the templates mentioned? I have gone to the link on Which?, read the instructions but cannot find templates anywhere. Any help appreciated! Wish me luck
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Help : My Dad's Mortgage is ending and he's too old to remortgage
Hello, I am hoping someone out there can support me with some advice on following situation: * My dad only became aware upon my mothers death that she was only paying an interest only mortgage and there was no vehicle to pay back the capital owed of £40k - really sad day as I had no idea either * My dad whilst living alone…
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Mortgage?? No Deposit
I was wondering if it would be possible to get a mortgage with no deposit? With the way the housing market is and with people desperate to sell properties then some properties are being sold way under valuation. Looking to buy a house with a valuation of 250k but only looking for a mortgage of 210k, would it be possible to…
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Can we extend our Mortgage Rention Time
Hello :wave: We purchased a property with a retention of £20k at the end of April. We got it reduced to £12k as we submitted costs for repairs etc as we are doing the majority of the work ourselves. The damp-proofing & wood-worming was carried out by a professional, and we got £4k back quickly when we submitted the…
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What are my options
I want to take sole ownership of my home by buying out my husband (who I am seperated from) I can afford monthly payments but have a settled default which is satisfied on my credit report with credit expert. I have no other loans etc. However my current mortgage provider has declined this and I wondered what my options are…
