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Remortgaging with a drop in income
Hello, I wonder if anyone could give me some advise on remortgaging my property please? I took out the mortgage in Sept 2011. The house value was £119,995. I put down £36,495 - so the amount we borrowed was £83,500. So we put down just over 30%. I think we must now owe around the 80k mark. (The mortgage term was 30 years).…
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Mortgage help and advice needed!!!!
Good Morning everybody, Ill try and keep this as short as possible whislt giving as much info as I can. My father and I bought a property together around 10 years ago for 20K. Over the years we have remortgaged to take money out for home improvements, personal use etc (it was necessary :wink: ) I have borrowed considerably…
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Deposit advice
Needing a bit of advice with regards to house deposits/paying off current mortgage apologies in advance for the long post! My partner and I are looking to buy a house in approx 2 years. All going well, we hope have around £200k to put down as a deposit and don’t want to take a mortgage over £300k if we can help it. At the…
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Mortgage application question
My fianc! and I have found a house that we really like and are now in a position that we need to apply for a mortgage. We have two appointments on Saturday with two building societies - both of whom are offering competing interest rates. I apologise of this sounds like a daft question (we're FTB - please bear with us!) but…
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Duplicate Post - Please Remove.
Duplicate Post
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Can anyone calculate if this is viable??
Hi I am after some buy to let advice, I own my own home with my husband value is approx £190000, mortgage is £60,000. I have found a house i would like to move to which is £259950 but i dont want to sell the one im in. Is it possible to rent this one out and live in the new one?? Only my husband works as im a stay at home…
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Applying for new mortgage - Overdraft use
Duplicate post
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Previous repossession
Hi all, I am looking at the possibility of buying a house with a 25k deposit and around 80k mortgage. I have been renting for the last 20 years, in total around 8 properties. Before this I owned a flat for around 3 years in the early 90's that I had repossessed due to redundancy and interest rates of 14% :eek: Is this long…
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Would i be eligable for a BTL mortgage?
Hi i recently came into some inheritance and im looking to buy my first property. The prices of flats where im looking are £130k-135k and i have 100k of my own money to put in. I was looking into buy-to-let mortgages and was wondering if if would be eligable for 35k mortgage on top even though im currently unemployed and…
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Guarantor / joint mortgage with father - limited mortgage term?
Good evening, I'm wondering if its possible to get a guarantor or joint mortgage with my father, where his age (58) doesn't limit the mortgage term to only 17 years?? Basically, I had a mortgage with a long-term ex-partner a couple of years ago and we renovated the property whilst together. The relationship failed, but…
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NewBuy 5% for Discharged Bankrupt (or 90% LTV)
Hi, Has any discharged brankrupt succesfully purchased a property on the NewBuy scheme? Or secured a Mortgage with 90% LTV? I want to purchase a property, happy to pay higher interest due to my background - but fed up of paying £18k a year on rent and really want my own place. I fear after reading on here that it's next to…
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selling 2 hours and moving in with parents in law.
Ok I`m not really sure where to put this becuase it will involve a number of subjects but here goes. I am currently living with my wife and we have three young children. We are 2 years into a 30 year repayment mortgage. At the dinner table the other day it was suggested that we sell the house and at the same time so do my…
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Mortgage help for first time buyer
Hi I am looking for any advice possible please. I have been given a chance to buy a family members house and at very low cost. Would only need to borrow the minimum mortgage amount but my credit rating is not the best. Its poor actually. Although the debt making it poor is from years ago so not sure if that would benefit…
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Stamp duty as an incentive? Mortgage Application
Barratt have offered us a good p.ex price on our place against a new house.They have also offered to pay the stamp duty of the new house. Following these offers we complete a reservation agreement and paid a deposit. We are buying through the Newbuy scheme and the mortgage is via Santander. My financial advisor (Barratt…
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Re-mortgage
I am in a bit of a sticky situation. I would like to re-mortgage from a btl to a personal repayment. Some three years ago, I took 18 months off to build my own house. During this period, I recorded no accounts. I am in construction and have my own business which is doing well now. I have just returned healthy profit for…
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Tenants in common agreement for a married couple?
Hi all, I have read somewhere that a tenant in common agreement is pointless for a married couple as effectively when divorcing the law ensures the split is 50:50, and this would mean one partner would still be entitled to the half of the asset (larger share in the property). Is this true, or not? Thanks Maddie
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Porting a Mortgage
Hi All, Was just wondering about Mortgage Porting. When you sign up to a mortgage that has Porting Capabilities, is there generally a limit to the number of times that it can be ported form one house to the next, within lets say; the mortgages "2 Year Fixed rate Period"? Could i for example port it more than once within…
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Barclays springboard can use existing offset funds.
If you have a Barclays offset mortgage you can use the offset funds to help out someone else by using those funds as the 10%. in a springboard mortgage The funds remain offsetting your own mortgage but do get tied up for 3 years. There is a risk that if the family member defaults these funds can be used to make up…
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Housewife Mortgage for ex-local block
Hi all, Does anyone know of a lender who might give a buy-to-let to a housewife other that the mortgage works? I am trying to raise money on a flat I already own (and currently rent out) so I that I can buy another property and stop renting myself. I have been told that I cannot get one from the mortgage works because the…
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First time mortage advice with poor credit record.
Hi just wanted your advice opinion, potential 1st time buyer currently live in my fathers house who has passed away and house being sold, will be receiving about 45k for my share of the house sale, i am working salary 15k, wishing to get on the property ladder, was planning on putting down a 35k deposit on a 70k house,…
