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mortgage deposit
Hello Friends I am looking for some advice , me and my partner are looking forward to apply for mortgage in first 6 months of next year last 3 years i have owned a business and take salary + dividend company started 02/2009 so its been over 3 years my last 3 years personal tax returns figures are as follows(rough) 2009/10…
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Joint Mortgage query
Hi I’d appreciate thoughts and advice on the following. I’m 42 years old, earn £35,000 pa, have no debts but no deposit saved and I’ve always rented. I’d like to get onto the property ladder but, given that it will take a considerable amount of time to save a deposit and with each year that passes the number of years’…
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Joint Mortgage query
Hi I’d appreciate thoughts and advice on the following. I’m 42 years old, earn £35,000 pa, have no debts but no deposit saved and I’ve always rented. I’d like to get onto the property ladder but, given that it will take a considerable amount of time to save a deposit and with each year that passes the number of years’…
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Nottingham BS
Could someone help me understand if this is a good deal for a fixed term first time buyer Mortgage please? We are looking at a 85% 2 year fixed mortgage. A mortgage broker has advised that their best deal is with Nottingham BS - they can offer 4.09% initial rate, which reverts to 6.14%. With a cost for comparison at 5.90%.…
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old Bank of Scotland offset Mortgage dispute ,now failed at the Ombusman ?
Hi Guys I took out a bank of Scotland offset mortgage aprox 7 years past , this is the type of mortgage where you are fixed to 0.5 percent above base and only pay this interest on the balance as you can add money in at any time taking the balance down when times are good and are given are given a cheque book to take the…
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2nd mortgage advice
Hi all Wondering if anyone could advise me. I own a small flat, worth about 170k and mortgage is around 110k. I want to move to somewhere bigger, in the region of 240k. Income is around 46k (plus 8k bonus = 54k - not sure if banks count bonus?). My credit history is good. The plan was to simply sell up and move on,…
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Mortgages using Maintenance as income?
I'm currently divorcing my husband and our 2 children (10 and 8) are living with myself in the former marital home. He is in a position that he can pay the mortgage payments and pay child maintenance but I would prefer to sell this property and have something smaller in my own name. Are there any lenders that will still…
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Buy To Let With No deposit
I have 3 properties but no deposit to buy any more. Only 1 of the propeties has a mortgage, can I borrow to buy more houses?
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Will claiming ppi on mortage affect the mortgage insurance
Hello, Can some one help please. If i claim my ppi on my mortgage will it affect the life insurance on the mortgage eg cost more to take out a new insurance on the mortgage? Hope this makes sense?
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Mortgage allowance with tax-free income
Hello My partner and I are first-time buyers and are looking into mortgages. I work for a European body which somehow makes me an International civil servant and I don't pay UK income tax (I am assured that this is legal - if it weren't, we're a big enough organisation that someone would notice). Because of this tax status…
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Commercial mortgage for residential property
Hi Does anyone know whether it is possible to get a commercial mortgage on a residential property? I have tried unsuccessfully to get a residential mortgage in the current climate (I was offered one on the same property 4 or 5 years ago but could not go ahead due to change of job). I recently went to a day on property…
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buying a house from my father
hi everyone, i am currently renting my deceased grandmother's house which my father has owned outright since 1990 (he inherited it from his dad). after my grandmother died my dad had it valued at 120,000. This is not his place of residence. he decided he would like to keep it in the family and so offered it to me to rent…
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Advice sought: mortgage refused
Hi, I was just wondering if anyone else has experienced this and if so, what you did. I've applied for a mortgage through a broker for a flat that is a couple of stories above some shops. I've just had a letter today to say that the mortgage has been refused because one of these shops is a takeaway. The mortgage company…
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Mortgage Advice Needed 30% LTV but Bad Credit
Advice Needed Please I need to raise £100k on my property, currently I own it outright with no mortgage or loan on it. The property is worth approximately £350k so its a fairly low LTV I am asking for. I take it the best option would be to get a mortgage on it? The only other problem is that I have a patchy credit rating,…
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Advice for my Dad please
My Dad has a mortgage of about £50k. House value £500k. No other debt. He is 51. He current is in a fixed deal with Nationwide which has 3 years left to run. Redemption fee £1200. Interest rate 4.89%. Took out a 10 year fixed 7 years ago. Given his LTV he should be able to get a really good deal and feels he is paying over…
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Advice re Amber Warning please...
Hi all, I wonder if anyone more knowledgeable than I could offer some advice regarding two low cost endowment policies that I have with the Police Mutual. I have today received an amber alert warning of a shortfall. ENDOWMENT ONE Target £70,000 Monthly Payment £128.01 Start Date 26th April 1999 End Date 26th April 2024…
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Which way to go....
Hi All, I'm not sure if this is the correct place to post so apologies if not. Ive moved this from another thread. We are in a position where we are currently renting a property from a private landlord. In April this year she offered us the chance to purchase it from her as she wants to sell in this tax year. We explained…
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Deposit into our account from "Santander Mortgage"
Having just looked at our bank account, have just seen that there is a recent deposit of about £9 from "Santander Mortgage". We do have a Santander mortgage on a property we rented out in order to be able to move to our current home. The fixed rate on this recently expired, and our monthly payments are now slightly higher…
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Cold call for mis-sold mortages
I've just recieved a call from a company called Total Financial Solutions telling me they can reclaim mis-sold mortgage money for me for up to £15k. He told me this is new legislation that has just come into force and they can now claim over paid interest and setup fees from the lenders. As you can imagine I am very…
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Mortgage madness
Can anyone shed some light on this one? I have a £38k mortgage extension with the Derbyshire on a 4.99% fixed repayment basis costing £525 a month. The fixed rate is ending this month and so they gave me a quote to switch to a further 3yr fix at £.59% quoting £519 a month. Job done! Yesterday we went through the telephone…
