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Good news for a change, but 2 or 5 years
HI everyone, my first post!! Had some good news come to the end of my five year fixed term and my provider has given my two options 1) tie in for two years £620 2) tie in for 5 years £650 Either way its currently £853 so can't work out a) why its so much cheaper ! and b) whether to go for shorter or longer I know with…
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First time buyer - Natwest
Hi all! I'm new here. Would just like some reassurance please! We are applying for a mortgage through Natwest. Its the only bank that will accept my scholarship income so we have no choice there. We briefly talked to them on the phone and they confirmed how much we can borrow so we are about to make the application now. We…
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First Direct
Hi Everybody, First time buyer here that is starting to look into the bestmortgage options available. I have found a good deal with First Direct, doesanyone have any experience with dealing with them or opinions on using them? Thank you
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Will the mortgage company lend, if extensive works are required?
Please help, I have found a perfect house that has so much potential, the only problem is the house is a repossession, the previous owner was clearly doing it up, but unfortunately its been left in a right state, no boiler, some of the central heating pipes laid, all the electrical wiring has been removed and new wiring…
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LTV question
We have an opportunity to buy a house at a good price (£200k), the offer has been accepted and it not gone to market. It was valued by quite a few estate agents at £220k, when applying for a mortgage can I use the 220k as a LTV figure (this will bump be down to a much cheaper %) or do i have to use the purchase price? The…
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Mortgage on probationary period
I've just got everything in order for a £100k mortgage. 15% deposit, just been promoted to a salary just shy of £30k in org I've worked in for 6 yrs. now the obstacle, our HR dept puts everyone on 6 mth probation regardless of what level they are or their years service. I've just learned that the lender has put asked…
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Help get rid of my husband!
Myself and my husband have split up due to his infidelity, we only got married 4 months ago, but have had a mortgage together for 8 years. Neither of us has the money to 'buy' the other out, but i can afford to stay in the house ongoing and maintain the bills alone - and he cant. at the moment we are still living together…
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Existing loan and mortgage application
We are looking to apply for a mortgage in the near future. My partner has a 5 year loan and the final payment date for this is dec 2013. We have looked at the nationwide mortgage calculator and it says it discounts loan payments if they are ending in the next 6 months (so we were thinking of holding off till June). My…
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Wanting a minature mortgage of £109 000
So as per the title, this is what I'm looking for. My debts will be paid by December (all of them) and this is when I want to borrow. I have a shared ownership mortgage of 30K, I will be forced to pay 2-3K to get out of this property, due to value V mortgage. I only earn 25K and get about 5K in tax credits. I don't have my…
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5yrs on and I still can't get off my ex-wife's mortgage
Hi, thank you as always in advance for any replies and help. Divorced 5yrs ago, martial home mortgaged with NRAM. Divorce court order indemnified me against my covenants, obligations and any loss on the mortgage until such time my ex wife can have me removed. Have requested change of parties, no joy NRAM won't let me off.…
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Adding Partner onto my mortgage
My Partner is living with me. He is not too keen on going on the mortgage although he pays half of everything. I have left the house to him in my will but there would be a mortgaage outstanding as I am currently on interest only. But there is quite a lot of equity in the property. Can anyone please advise me what would…
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Bewildered by Buy-to-Let Barrier ...
Some advice would be welcome... My wife and I, both having taken early retirement, are hoping to sell up and move to the coast. We have £250,000 in savings, and a house valued at £180,000 on which we still owe £60,000. We therefore have around £370,000 in assets and cash. We've seen a house at £285,000 that we'd like,…
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Mortgage Offer - Question about conditions
Hi - so finally mortgage offer letter came today and it had a load of conditions with it (apparently this is normal though for solicitors, etc, etc) However it had one condition that I wondered if anyone has any feedback on: The have said that they will do employment check on my wife with the NHS. She has been a nurse for…
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2nd residential mortgage
Hi all, Just after a little bit of advice. Currently own a property on a joint mortgage with my husband. We are both on mortgage and deeds. We have rented this property out (with consent to let!) and are looking to buy a second property with 2nd residential mortgage. My question is, I am about to start a new job and I am…
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Returning expat mortgage
Hi, After 5.5 years overseas my partner and I have just moved back to the UK. He is working and I'm hoping to be soon and we'd like to look at buying a property here. We will have around a 50% deposit, possibly a little higher or lower depending on what we buy, of course. I'm struggling to find anyone that will consider…
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Should we fix for 5 years or two years?
Hi everyone, could do with your opinions please. Mortgage is due for renewal as old fix is coming to an end. The two year fix is 3.09% and five year fix is 3.39%. It makes about £100 difference to payments each month depending on the option we go for. Don't know whether to go for two year fix as rates will stay low or to…
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Any 5% deposit mortgages out there!
Hi, guys i want to get a new mortgage and i am wondering if there are mortgage companies that will accept 5% ..looking at buying something for £200,000 (london prices). i have £17,000 saved up for deposit stamp duty and solicitors fees..i am not a first time buyer currently in a 2 bed ex council flat that i bought and i…
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Remortgaging - self employed
I'm in my second year of self employment although I only have one tax year under my belt so far. We are looking to remortgage and wondering if we are likely to be accepted based on our details, our annual joint income is £31000, the mortgage is currently ay 75k, we would like to increase to 85k, the value of the house is…
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Mortgage advise please
I am moving house and been offered a mortgage with nationwide , the chain has stalled And won't be moving for 6-7 weeks . It has taken 4 months to get this far , in the mean time mortgages have become cheaper and I see I can get one from hsbc , can I do this ? As all ready have an offer with nationwide ,will it delay the…
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Mortgage - 2nd time lucky?
Hello all - I am a first timer on these boards so please bare with me if I start to ramble. We were declined for a 90% mortgage in July 2012 based on affordability, we used a whole market broker at the time and knew we were pushing it as we had some loan and cc debt which in hindsight, we should of cleared first. Anyway we…
