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Self employed - best mortgage?
This is our situation - would really appreciate any advance on which lenders/products to look at. Husband earns £35k (same employer for 10yrs) I am self employed. This year I will have earned about £40k profit. Last year I earned 10k profit. No employment prior due to beings a SAHM. We are looking at properties around the…
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Can I use my equity as a deposit
I am looking at buying a buy to let property and was wondering if I can use the equity on my house to get a deposit for the buy to let? I have 120k equity, 10k cash and was looking at a 100k house.
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how much is transfer of equity
Me and my wife split up and basically doesnt want anything to do with mortgage and agreed for me take over as chnaces are we prob in neg equity. So I paid the mortgage fee and been excepted but has to be all done legally by solicstor. So my wife decided to contact her solicstor as I don't really know any had estimate…
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First time buyers pls help
Hello, I just saw a house perfect for us, advertised selling price is 210k. At the moment we have 55k for a deposit. 6k extra savings (rainy day could use for deposit if needed) Partner gets 25k I'm on maternity and was thinking of staying at home for a couple of years. No debts. Just tried an repayment calculator and the…
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Additional Borrowing HELP!!!!!
Hello This is a question on behave of my dad, He currently has a joint mortage with his wife and he wants to take out £20 grand on the additional borrowing onto his morgatge. He doesn't want his wife knowing for some reason but does she need to be involved if it is already a joint mortage? Or can he purely add £20 grand…
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Home Improvement Loan/Mortgage
Hi there Hope someone can help. Have a house on a mortgage - mortgage £51000, value of house approx £165000. Thinking of extending - value approx £45000 - value of house will then be approx £210000. My wage £17000, partner newly self employed so no accounts as of yet. Rang existing mortgage company, Nationwide who say…
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Proof of deposit
Can someone offer advice please? I have applied for a mortgage in my name as my husband is self employed and they will not take his income into account. The deposit is made up of savings and a personal loan in my husbands name, not mine. However I do not want to disclose this info to my mortgage lender and so my husband…
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Woolwich Automated Balance not working?
Just wondering if anyone else has had the same issue but last couple of times I have rung up the Woolwich automated line out of hours it wont give me my balance, it just tells me its unable to help with my enquiry..... Wondering if its because we have overpaid that its not allowing me to check it anymore? :p I don't really…
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Incorrect Settlement Date on Credit Report
Hi everyone, this has probably been posted on here before, I have searched and cannot come up with anything, sorry in advance if I have missed it. I was just wondering what I do about an incorrect date of settlement on my mortgage account, I wouldn't be bothered for a few weeks but after checking my credit report with both…
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Remortgage for debt consoliadtion
Hi! I'm thinking of remortgaging from 75% ltv up to 80% to repay our credit cards, does anyone know if the Coventry will do this? I mean 80% remortgage for debt consolidation- I went into my bank Santander, and they only do up to 75% for debt consolidation. Coventry have a good fixed rate at 2.99% so that is why I'm…
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Mortgage & Credit Score
Hi, I have a pretty good credit score, not sure how accurate experian credit score is but I have a score of 984. I'm about to take out a mortgage and I was just wondering with two payments missed in the year, would this go against me when applying.I just forgot to pay them in time. Thanks;)
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Equity Release or Mortgage ???
I am hoping to get some suggestions on how to help my father out of the situation he finds himself in. He is aged 90 and lives in a house with my mother aged 86 with an approx value of £1m.without a mortgage. He is the classic cash poor asset rich person and would like to release equity from the value of the house. I have…
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It doesnt make sense?
[FONT="]Dear all.[/FONT] [FONT="]I wondered if any of you have been in or are in a similar situation to me?[/FONT] [FONT="]Very briefly, I need to get a new mortgage deal on my house but my wife and I have both changed jobs in the last year and are now self-employed so have no real accounts to speak of yet. The…
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Legal Charge on Property
After a bit of advice on this one. Quite complicated and involves a couple of subjects. To summarise I bought a restaurant business back in 2006 which involved the business and a freehold property.the original sum was quite a few hundred thousand for which we received a loan from Abbey Commercial and to make up the…
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Offset Mortgage part capital payment/part interest only
Hi, here's the conundrum. I have an offset mortgage that comprises 40% Part Interest & 60% Part Capital. I am looking to reduce the overall term of the mortgage. I currently have 8 years to go with a rate of 3.75%. My lender (as is common) tells me that I have to clear the 40% interest BEFORE I start reducing the Capital…
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Niche mortgage for a renovation project?
Hi everyone, I use MSE but have signed up a new user name so my hubby be party to your replies to help us. Basically, we have sold our house to a cash buyer, at full asking price. Lucky! We are trying to move nearer my place of work. Very limited property options. We have spent many years researching and viewing old…
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Parents Funding Mortgage
Hi, my partner and I are currently saving for a mortgage. We are looking at buying a place next year. My parents have kindly offered to give us 10000 pounds towards the mortgage. They currently have the money so I was just wondering if it was better if the money sat in my account for the next year or if it did not matter?…
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First time buyer questions
Hello Me and my partner are looking at buying our first property. My salary £32,500 plus £6,000 from overtime/extra Partner (student) income £5,000 we will have a deposit of about £15,000 thanks to bank of mum and dad. My credit, not great. 2 defaults about 3-4 years ago. About £6,000 on credit cards at present. No…
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How long to fix for with high rate
Hi All, My first post. I'm hoping there are some mortgage minded people that can guide me with which mortgage to go with. The rate is high but its our circumstances so I knew this would be the case, husband is a contractor, I'm a housewife at the moment so with one wage and wanting a fair sum of money at 85% LTV the rate…
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First time buyers -when to apply for mortgage?
Hi everyone, We're looking at buying our first property. We have been saving for years and now have enough to put down a good sized deposit. However, we're now wondering if we should apply for a mortgage before we start looking or when we actually know what property we want to buy. Also wondering if we should employ a…
