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Help - Young Noobie!
Hi all, Im really after some advice as my partner and I are feeling a bit overwhelmed with...well, being adults really! :D I am 23 and my boyfriend is 25. We are trying to save up to buy our first home but with only a few grand saved up so far we're really struggling. The main thing that is worrying me though is our credit…
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Bank of Mum and Dad to the rescue??
Hi, we're hoping to give one of our children a helping hand to get on the property ladder and wondered if anyone had guides to how we protect ourselves. Presumably, any loan we give and any repayments we receive are all tax-free (ie to the child and to us??). We're lucky enough to be able to give a loan out of our own…
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Joint Mortgage, single name on deeds?
Quick question: Is it possible to arrange a joint mortgage with only single name on deeds? Situation is I have moved in to my partners house (her name on deeds) and we would like to re-mortgage to firstly clear some of my debts and secondly to improve the house. We would be looking for 75% LTV and from a salary perspective…
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interest only mortgage wanted
oioiooioiooioi
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Post office valuation & legal fees?
How can I find out the valuation and legal fee costs for post office mortgages? cant see anything on the website.
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mortgage application disclosure
Can anyone please explain the following. I made a data access reguest specifically regarding a mortgage application which was declined / refused by my existing mortgage provider. The documented information returned, shows that the application was submitted and received by underwriter on 5th Feb, as application not signed…
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What mortgage rate is better?
3.29% £99 upfront £900 product fee or 3.49% £99 upfront £0 fee These are both 5 year fixed, so over the 5 year period?
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Will I get a mortgage?
Hi, Is it possible to get some advice please? I am wondering if someone in my financial position would be granted a mortgage with their current commitments? I am currently in the process of coming off of one mortgage and am looking at other properties, however dont want to get too into it if I will not meet the standards…
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maternity leave and mortgage applications..
We've accepted an offer on our property which gives us: £25,500.00 equity £18,200.00 total in savings we are looking at 7 properties over the next 2 days ranging from: prices of 180-250k (wouldnt want to pay any more than 235k tho) our fav house is on for 205k. looking at an LTV of 10-15% We both have excellent credit…
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Is my mortgage broker rubbish??
I'm buying a house alone for the first time. My credit score is 969. My debt is low £6,400 including a loan that ends in 11 months. I earn between £30K and £35K. 10% deposit on a house at £82K. The mortgage is almost £200 less than the rent I've been paying without a problem for the last 18 months (when I sold my last…
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Mortgage shortfall question!!
Hi, just split with partner and have found a buyer for house who will rent it back to me so i don't have to move out - but there will be about £8k shortfall on mortgage. Solicitor says I need to get a loan to pay this the week before completion - so could be withing the next few weeks! I have mortgage arrears and a couple…
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Can I pay just the interest?
Hi, Is it possible to temporarily just pay the interest part of my mortgage without changing product/lender? Anybody got any experience of this? Thanks
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Mortgage Letter Of Offer & New Job...??
Hi All, I have received a letter of offer from the bank for my mortgage, however I am also changing jobs. Its a job for the same money but its a day-job as opposed to a shift job which I am working now. Do I need to inform the bank of this change of employment, and if so how will it affect my mortgage offer? Any help and…
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Mortgage Application / Rent Arrears
Most high street lenders will pay attention to past behaviour in terms of keeping up with rent payments. Where the landlord is private, they will ask for bank statements going back 12 months. Generally, applications will be denied where, for example, the applicant has been in arrears by more than 3 months within the last…
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BOI - not paid my redemption fee as agreed
BOI - not paid my redemption fee as agreed I completed my sale within the timescale they set and yet they have not paid me the 5K as agreed. I have a letter where they offered it to me. Shall I go to small claims court?
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Helping the parents
Hey guys, another financial question so I am lost before I start. My parents are coming towards the end of their endowment mortgage and they dont have enough money in the pot to pay off the mortgage & they are both heading towards retirement age. If the house is worth aprox 150k and we were to buy it off them for the…
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How long does it take to remortgage?
Hi, our mortgage deals runs out on the 16th December, Santander haven't offered me a very good deal (3.99%) fixed 5 years. I have a couple of questions 1. How long does it take from applying until completing? 2. Nationwide have a good fix but it's right on my LTV limit, current mortgage is £148000, the thing is the last…
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Mortgage lender 'overexposed' on development
Hi all, Long-time lurker here, finally decided to register and need some advice ;) My background - aged 26, currently living with parents, my girlfriend and her son are renting privately at the moment. We have decided to move in together (shared ownership scheme where we are looking to purchase 35% of a £135,000 property).…
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Principality 'index-linked' specification for Buildings Insurance
I'm a lurker rather than a poster, but just wanted to share this with anyone applying to Principality for a mortgage. Got a pretty good deal on a 5-year-fixed but have hit a late snag. Got mortgage offer okay (took three weeks from sending documents though) and ahead of exchange took out Buildings Insurance via Swinton.…
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Impartial advice 1st time/2nd time buyer
Thanks for all the help so far, I'm hoping to show this to our youngest daughter so she can make up her own mind. Basically after 6 months into the mortgage our eldest daughter has split with her boyfriend and we are hoping to retain the house by changing his name for our youngest on the mortgage, he has agreed to be…
