-
Help for a newbie first time buyer please
Hi all, If anyone could offer me some thoughts on the best course of action I would really appreciate this! My husband and I have a combined income of £60k, we are 25 and 26 and have been renting for the last 6 years. We are looking to buy a house, we are ok with our money but in all honesty only have £2k saved up. We have…
-
Almost at a major LTV threshhold - avoid a long fix?
I'm a first time buyer and therefore a complete mortgage newbie. I have just had an offer accepted on a property for which I'm lucky to have a deposit of between 23 and 24% of the value. It won't be feasible to stretch to 25% in time for completion as this is another £4,000. Playing with the MSE overpayment calculator…
-
Finding a lender for a property near a pub(!)
Hi all I'm in a pickle, I've found the perfect property for me, spoken to the bank and secured a mortgage promise after showing them the property I want to buy. My offer was accepted, survey is fine and solicitors instructed. Now the valuer from Halifax has looked at the property and decided that for a number of reasons he…
-
Mortgage Express Permission to Let
Please help, advise! Have two mortgages with Mortgage Express. One is a buy to let which is was originally taken out as IO (back in 2005) and now on a 15 year repayment. I have never missed any payments and the capital is being paid off at £10k per year. The second property is an IO standard home owner mortgage. This…
-
Can anyone recommend a good remortgage deal?
My mortgage with A and L is up for renewal. Santander have obviously taken over, but i would like to look at other companies. I am a single mum, self employed, maintenance and tax credits need to be taken into account for me to obtain a new mortgage. I was thinking about a fixed mortgage over the longest period possible. I…
-
FTB Mortgages for New Builds / Nationality Query
Hi All Got two questions I need help with. Firstly, looking for a bit of advice about first time buyers mortgages for New Builds. I have seen a new flat i am very interested in at £175,000. Unfortunately i was unaware that lenders do not like new builds at present. The estate agent told us we need at least a 20% deposit.…
-
Mortgage costs
I'm mortgage free so don't know the answer to this one off my daughter, roughly how much would a £50k mortgage cost per month over 10yrs, 15yrs and 20yrs.
-
Santander mortgage @ 1.99%
I am anxious to know if the 1.99% Fixed mortgage rate from Santander is still available? It does not appear on the web although your money programme on BBC yesterday mentioned it. Thanks
-
Staircasing to 100% - Shared Ownership
I bought a 50% share (£52000) in a house almost two years ago and I got a mortgage with Nationwide. My two year deal with them runs out in January and at that point I have enough money to pay off the rest or vast majority of the mortgage. I want to lend more money to buy the other 50% share of the house but I'm not sure…
-
Buy to let mortgage whilst living abroad
My brother is currently living and working as a teacher in South East Asia. As he get a good salary and a lot of perks thrown in, he's saved quite a large amount of money. He's thinking about buying a property in the UK to rent out for a year or 2 (or maybe longer) and then when he finally does return to the UK to live…
-
My bank wont lend me mortgae amount agreed
I am currently trying to move house. I had an offer accepted on a property and a mortgage was agreed. After I had the survey done, I re-negotiated the price as it needs a rewire but now the bank won't lend me the original amount to get the work done. I don't understand. Help.
-
Direct/via broker - barclay
Hi I am current account holder of Barclay bank ( though not my main account). I am interested in shared ownership mortgage. I got quotation from different broker and seems to be everyone offering barclay deal. I tried to apply over phone for mortgage ( though didn't get AIP) and was refused on base of affordability last…
-
Are we likely to get this mortgage....?
Going for a mortgage this week, in order to buy a new build home. Our mortgage adviser is confident that we should get it okay, but I'm worried. Key worries are: 1) this will be our third mortgage. Both my husband and I have out own flats, we plan to buy a house together and rent out the flats. Our household income shoud…
-
Is there any chance!
Hi just need some advice. Is there any chance of getting a mortgage with a default less than a year old or not, even though I have a good deposit of £40,000 and no other debt. I have worked hard to pay off all my debts and dont even have a credit card etc. I was told by one broker he could definately get me a mortgage then…
-
Pls help...First time buyers - are we being conned?!
Hi everyone, Really hope someone can advise me, I'm not the best with finances and slightly new to all this, I'm afraid to say!! My partner and I were just about to buy a house in August when he was made redundant. He worked in IT, for a massive computer games studio, and had done for 8 years. The directors of that studio…
-
Good credit vs bad credit!
Hi I've not been on here for a while and my circumstances have changed dramatically. I have paid all of my debts off and although my credit rating is still bad the last default was 2009, so 3 more years and it should all drop off (I think). Everything was paid off in 2010. My question is this.............What are our…
-
Buying my first home issue with credit report !
Hi So I've decided to take the jump and by my first house (hopefully) I regularly check my credit report every so often to make sure everything is in good order! Last week I checked my experian credit report and for some strange reason it only shows 2 active accounts instead of 8! I don't think this will any way affect me…
-
What is an 'agreement in principle' worth?
Feeling a bit sick at the moment...here's why... Six weeks ago my husband I thought about moving. We visited the bank and a credit check was run. We passed it and got an agreement in principle for a 95% LTV mortgage. The happy branch manager's last words were, 'Well now this is the nice bit, just finding a house!' We put…
-
Mortgages as a new/ locum employee
Hello I'm hoping people might be able to give me some advice on future planning for mortgages. I started a new job a few months ago but absolutely hate it. I am therefore planning to leave and do some locum work. Due to needing a mortgage I'm also considering looking at other permament posts, but am getting tempted by…
-
Do lenders have different adverse criteria for different types of credit?
One for the brokers amongst us: Do Mortgage Lenders "categorise" lines of credit a potential borrower has? Specifically in the case of adverse credit, lates, defaults etc. IE does a lender view a previous late payment on a telephone bill as bad as a late payment on a mortgage/rent etc. Ive been doing a bit of googling…
