-
New to site- looking for mortgage advice. Non-standard situation?
post deleted
-
Cheapest way to borrow £20k for BTL
Hi I am thinking of diving into buy to let. I have found an area I like (Grays, Essex - good yields for the south-east and not too far away) and nice 2 bedroom houses near the station are in the £150k-£170k range. I have £100k in cash and the mortgage on my house has a further £40k "flexible" element letting me borrow at…
-
Mortgage Advice Please
Hi all, need a bit of advice me and my hubby have got £40000 deposit we are looking at buying a new build at £160000, initially i was looking at the first buy scheme, i earn £15500 a year and my Hubby is on £21000. However Huby has some adverse credit this includes defualts on two loan and three credit cards going back to…
-
A positive story!
Just thought I would share since there are a lot of people on here with the impression that PhD bursaries don't count for a mortgage! We applied last Wednesday through Natwest (apparently the only bank that accepts bursaries) and were told yesterday that our case is with an underwriter. We just got a call today and they…
-
BTL mortgage with 10% equity and buy another house
ways to keep old house and still buy another...... me and OH are looking to move and want to keep current home. sitrep is: earn £53,000 between us with no cc debts or loans. in 3 bed semi now with £100k mortgage solely in my name worth 110k. currently on 5.8% fixed (ouch i know) that runs out in may this year. potential…
-
Buying cash and then resale
I may have an opportunity to buy a one bed flat from someone… They currently have someone interested who is going through the motions but things are beginning to look shaky – lease issues, etc. The seller has a deadline to sell by and then will be leaving the country. If the interested person backs out I would like to buy…
-
Changing to Interest Only?
I wonder if anyone can offer me any advice please? We bought our house in 2006 and at the time our mortgage was almost £800 per month, as the interest was in line with Bank of England base rate, it is now down to £445 per month. My husband and I have now moved to a different country (Ireland) and are renting the house out…
-
Credit card limits and mortgages
This may be a silly question... Does having a high credit limit on a credit card go against you when applying for a mortgage or do they just look at the amount you have actually borrowed on them?
-
FTB looking for advice
We are looking to buy our first home this year. We've spoken to to a mortgage adviser at a national estate agents, London and Country, Barclays and have appointments to speak to another local broker and Nationwide. We have a decision in principle from L&C, would this stop us getting another one from somewhere else? We've…
-
MORTGAGES - What to do when refused?
Hi As first time buyers (myself and my husnabd) have been svaing for years towards a deposit! Finally with 15% of the property value within our budget behind us, we procedded to making offers..... Offer accepted..... BUT - despite all efforts we couldn't get a Mortgage!!!!!:( It comes down to a defualt payment on a bank…
-
Struggling on what choice to make
this is my situation. at the start of next month im being made redundant and will be getting £10k as a pay off. (thankfully i start work in a new job a week later and financially will be a shade better off) I currently have just under £10K on credit cards and for a couple of hundred pound can have it all at 0% for best…
-
Help and advice Sought
I am currently 50/50 on a FTB scheme owning a 2 bed apartment in Warrington Cheshire. The value of the apartment when first built and sold to me 5 years ago in May was £127,950 I went 50/50 and put down £10k cash deposit. Therefor i had a mortgage for £54k. With regards to the other 50% that the housing/government own i…
-
Will I get higher multiples of my salary if I have a 30% deposit?
Hello again good people of money saving expert Thanks to the brilliant help on here I was able to buy my first flat six months ago. I did it up and have it on the market with offers floating about that will see me clear a minimum £115k profit that I want to invest again (I have about £49k equity in the flat too). I was…
-
mortgage with no job!
I'm likely not to have a job for a while and even if I do it may well be temporary work but I do have some savings to keep me going. My problem is that I'd love to take advantage of a better mortgage deal. Friends of mine with permanent jobs have the same mortgage balance as me but are paying almost £200 pm less! I'm…
-
How far away am I from getting a mortgage?
Hey everyone, just looking for some advise :) Me and my partner are living in my parents house at the moment and as we are now 20 and 21 we feel it's time to get our own place. I have around £15,000 saved up. Now here's the kicker, we both run a business together and have been for around 12 months. We just started renting…
-
mortgage credit search dilemma
Hi guys just a quick bit of advice required........i have just been approved for my first mortgage on a new build property and contracts have been exchanged although the property wont be completed until the end of april. when applying i was upfront regarding a 4.5k cc balance and my partners outstanding loan at approx…
-
Mortgage with bad credit
I currently have my mortgage with GE money. Can anyone tell me if they know of any other companies that I can change my mortgage provider to. We have a bad credit score and I understand the implications of this but would like to try and find someone else. Many thanks in advance Julie :beer:
-
Low credit score - mortgage advice needed!
Really could do with some honest advise regarding applying for a mortgage, I'm currently pregnant so my husband and I really need to get out of rented and buy a bigger place of our own. We've spoken to a mortgage advisor briefly and based on our incomes we can borrow what we need to and we have a 10% deposit. However my…
-
Mortgage for over 70's
Hi I am posting this on behalf of my parents who are both in their 70's. They currently own a property outright valued at £182k. They are looking to move to a bungalow but would need to borrow an additional £40-50k. They have their pensions as income and could afford repayments of up to £500 per month. I have spoken to a…
-
Buy to Let - Advice
Evening people, looking for some advice on whats available. Self employed, barely breaking 20k last year and just over 20k for this year (read various articles that buy to let looks at income/doesn't look at income) Anyway, I have a flat that I rent out, and my current mortgage company wants to move me onto some 7+% BTL…
