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Buying parents home with no deposit?
Evening all I've been reading a few threads but thought it probably easiest to ask my question.. :-) My parents are currently looking at relocating to the country with my brother and his gf. The idea came up today of me and my fiance buying their current house, however the challenge we've got is the deposit... We haven't…
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Consent-To-Lease or Early Repayment Charge?
I've been in my new property for about two months now, and I am happy with the property, but I've realised recently that I want to be able to move quickly, should I get a job elsewhere, or even go to study further abroad. Now as far as I can tell, I have the option of either letting my property, with which I own about 65%,…
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Buy to let mortgage fees
I have recently married and have moved out of my previous address into our new house. I intend letting my old property out so will need to re mortgage to a buy to let mortgage. What fees will I be charged if I take out a new mortgage other than arrangement fee? Will I have to pay solicitor/search fees? Also where is the…
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Chances?
Hi there, Myself and my wife are hoping to get on the property ladder this year. We had a mortgage in principle approved with HSBC on Friday so we are now looking at houses around the £170k mark with a 90% LTV. I earn 30,500 a year with a £5k bonus (if I hit my target) as well as a company car with private fuel allowance.…
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Remortgage question
Hi all, We're currently in the process of remortgaging through broker as our three year fix is up in April. Now, we have approx valued our house at £200,000, giving us a 80% LTV. We have applied for 5 year fixed remortgage and paid application fee. Still in early stages though - still yet to send documents etc to broker.…
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Paying mortgage on credit card
Hi Guys, I have sold my house and exchanged contracts with completion due on the 8th February. My next mortgage payment is due on 1st Feb but I need the money in my current account to pay for building work on my new house and that is also due on the 1st Feb. I don't want to upset my builders so I am thinking that perhaps I…
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90% LTV and 5% Developer Gifted Deposit
Hope you will be able to answer a few questions I have: We have seen a property on a development that is completed and waiting for a buyer. Basically dead money to the developer. We have a 5% deposit for the property. Clearly, as a new build, this will not suffice. However, the developer has also offered a 5% contribution…
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Advice on mortgage x
2 mortgages advice! Please help x The house I live in currently has 20k left to pay off - I am overpaying by the maximum £500 month (hard but long term gain!) and will have paid it off in 2.5 years . My mortgage fixed rate (6%) due to expire in June.I have another house that I rent out and have 80k to pay on that - but the…
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advise please about what to do about mortgage
hi all newbie here so hope i.m posting in the correct place scenario as follows ; we have a completion date of 13 may 2022 we have an offset mortgage the offset currently stands at approx 800 less than mortgage balance we have money in other savings that would more than bring the offset level my dilemma do we pay the…
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Advice on BTL needed please
Hi, I wonder if anyone can give me good advice on that one. I am currently paying off my first mortgage. In near future (before I even pay off my 1st mortgage completely) I want to rent this flat out and buy a house where our family would like to move in. What type of mortgage offer do I HAVE to take? Or is it my choice?…
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95% Products - are some lenders easier/harder than others?
Evening folks, Currently investigating some of the 95% products available at the moment both NewBuy and open market options. Of the small group of lenders who currently offer this level of LTV, are any known for being particularly more or less picky about their clients etc? Assuming all else was equal about the product I'm…
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New job and no credit rating for financial associate
Hi all. Love the forum! Hope you guys can offer some advice..... I am looking to apply for a mortgage in the next few months. I have £50k deposit (20%), and looking to buy a £250k house. I previously owned a house, but sold it a few years back. I don't own one now. Two potential issues I foresee. How much of a problem do…
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FTB - mortgage on flat above shop?
Hi all, Long time browser, first time poster here :) Basically, me and OH are looking at getting our first place. We've found a rather large 2 bed flat near us which is going to auction in feb with a guide price of £50k. We have access to up to around £7k for a deposit which should be adequate as they have said a 10%…
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is it possible for a mortgage provider to change
is it possible for a mortgage provider to change your mortgage into one that is portable is this able to be done easily as at the momment ours isn't and as it is we are with possibly with the worst of all providers London Mortgage Company acenden know we need to move as we live next door to neighbours from hell and police…
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Mortgage pickle
Hello, I have a property with a £110k interest only mortgage (90% LTV). I believe it is in negative equity to the tune of £40k. I am currently employed by a bank and therefore have a staff mortgage. The T&C's of this mortgage mean that I should not rent out the property. However my circumstances changed and I moved cities…
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Moving Home Mortgage
Hello I am looking to put my current house on the market and Halifax have advised I can port my current mortgage (which I fully understand is about interest rates not transferring the debt to another property.) I brought new build the last time so we got a DIP once we had found the property. Can you get a DIP without a…
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Swapping house with parent - is this possible?
Hello, My mother in law has offered to swap houses with my husband and I. She said she wants us to have our inheritance now rather than when she dies as she is keen to get us out of negative equity (we bought our house in 2007 - worst decision ever!). She is widowed and living in a big house which she is finding too hard…
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Buy to let advice - funds for deposit
Hi, just looking for some advice on buy to let mortgages, I will explain my current situation... I have a repayment mortgage on a house I live in, mortgage is approx £50k and current value of house approx £120k, I also have another house which I own outright & currently rent out, approx house value £130k. I am interested…
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Mortgage for family.
My mother is selling her house for around 100k and would like to buy a house that is 140k. She does not have the extra 40k or the ability to get a mortgage due to age. I would like to get a mortgage for the 40k and she would live there for ever. The whole house would be in my name. Effectively she will be giving me the…
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Proof of Deposit
Hi, I have been reading up on this a bit and understand it's very important I declare where my deposit came from and show proof of it. Where it came from isn't entirely simple (but legal). Before I even decided to buy, my mother and her husband (my parents are divorced) gave me some money (they also gave the same amount to…
