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Where do I go from here?
Ok, this may get a little long winded and I may witter on a little but please bear with me as any advice would be brilliant. My father recentley passed away and in his will has "left" his house to me, on the condition that I sell my current property within 2 years and pay my 3 siblings £25,000 each from any profit made.…
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Parents own house and willing to pass on
Hi, My parents own their own house, having paid off the mortgage sometime ago. I have recently sold my onw house and have the equity saved and ready for a new house. We are living with my parents which is allowing me to save quite a bit a month. We wish to get a large neough house for us to start a family and have the…
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If I sell my house, what happens to mortgage if I don't move to new one immediately?
Just a quick question. Wondering what would happen to my mortgage if I sold my house now, but didn't move in to a new house straight away? So for example, if I moved back in to my parent's house while I carried on house hunting for a little while longer? Would the payments carry on or could I put them on hold until I found…
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Applying For Mortgage On Second Property Help
Hi all, I'm looking for your opinion on whether we will get a mortgage given our current circumstances. We have owned a property for ten years to which we have a mortgage of £85,000. We will be looking to let that out and purchase a second property in the region of £300,000. We have a 15% deposit for the second property.…
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BTL considerations
My family bought our own home two years ago with a mortgage and 25% deposit that I transferred to my wife. My intentions were that she take out the mortgage solely in her name as my income is quite variable. However the bank would only consider a joint application and I took a 1% equity stake (and wife 99%). I have ~£80k…
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Behind the scenes
Not sure that's quite the right title - it should perhaps have been PLEASE GIVE ME SOME REASSURANCE!!!! We applied to the Woolwich on 13 November through L&C and were credit scored / checked the same day. They have all the original documents that they have requested and they got those around 17 November. We have to pay a…
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halifax mortgage acceptance help please
Hi there, first time poster here, I was hoping somebody could help me. My wife and I have recently put an offer in on a house and have been using a broker to find a mortgage. We recieved an AIP from halifax for 135,000 with 20,000 deposit. this offer was quickly withdrawn and replaced with an offer for 131,000 with a…
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Halifax Overpayments - how do you calculate the maximum amount?
My friend has a fixed rate interest-only mortgage with the Halifax and wants to make some overpayments. The terms of the mortgage say: In any 12 month rolling period you may repay up to 10% of the amount outstanding on your mortgage product(s) without having to pay an early repayment charge. Every time we ring and ask what…
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Remortgaging - changed circumstances
Hi our fixed rate is coming to an end next July. It was a joint mortgage application based on my husband's full time and my part time salary. Since we took out the mortgage our circumstances have changed. My husband was made redundant and I went back to a full time position. My full time salary is the same as our previous…
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Check amount of a registered charge on my property
Hi Guys Does anyone know how I can check the AMOUNT of a registered charge on my property without going to the lender please? I think a Land Registry search will just give me details of who the lender is. I know that already...
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First time buyer - worries
Hi, My wife and I are looking to buy a house in the next six months. We have combined gross income of 100k and a deposit of the same. We are looking at house prices around £350k (so a mortgage of £250k). All fine so far. However, I have been checking my credit reports and I have uncovered a wrinkle. Whilst Experain has…
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Mortgage to cover small remedial work?
Simple question really, If, for example I'm buying a property for 40k which needs about 2k of work to it (for small remedial work / furnishing), can i get a mortgage for 42k to cover the purchase and the work? I'd imagine the "valuation" of the property that the mortgage company will get pre-mortgage will in fact be more…
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2 domestic mortgages??
Hi everyone Just a quick question.I currently have a mortgage with nram which is approx 55k (£340) on a property.I have had the house on the market a while to sell but this is impossible due to a massive nosedive of the area,as such the house is in negative equity.I am now looking to let this house out for approx 440-450…
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Any chance of a mortgage with satisfied default?
Hi all, I've been looking at potentially applying for a mortgage to buy a property as an investment and main residence in the near future. I'm 21 years old, graduated recently and have been employed for 2 months. I earn a pre-tax salary of around £34.5k. Expenses currently mean that I have a disposable income of around 1k…
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Aviva endowment projection spiralling - worth keeping?
Hello All We have an Aviva £65,000 25 year "Guaranteed Min Cost End" Endowment policy that matures in December 2016. The premium is £85 pm. A while ago we got the warning notices about the policy not paying the £65K and - remortgaged 5 1/2 years ago to take account of the projected shortfall. In fact we remortgaged so that…
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Buying a second home and therefore having a second Mortage
Hi, I am just wondering what can be done with this scenario. I currently owe 30k on my current home of which I hope to pay off in the next six to nine months (I have a offset mortgage). However, I am already thinking of buying a second home to eventually live in (and then rent my current home out), the house I want is for…
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State Retirement age
Went into the Halifax today to get a mortgage in principle, was told I can only have a mortgage to go up to 65, even though I will have to work longer to get a state pension, they said I would need to get a letter from my employer to confirm that I will be able to work beyond 65, I said I wouldn't do this as I am obliged…
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Mortgage Offer From BROKER
Any advice would be appreciated. I have contacted a independent mortgage broker through unbiased.co.uk who told me he is whole of market, told him my situation and he came back to me and said he has a mortgage offer for me. My situation is as follows: 25 years old, previous bad credit with few missed payments, a overdraft…
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Mortgage natwest
Hi, Any help is appreciated. I currently live in a property which I am going to rent out survey has been done and paid for and mortgage offer received. I was then going to buy my parents house again survey has been completed and mortgage offer received.My parents were going to deed of gift me around 30k to pay a deposit on…
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Broker Etiquette
I've just posted another thread in the House Buying forum about a property we have placed an offer on and may have an accepted offer next week. Now, I already have a Decision in Principle from a broker. If our offer is accepted am I able to find out from them what the best deal is they could get me and then potentially try…
