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New build, 10th floor, 15% deposit. Help !
Hi everyone. We have had an offer accpted on a flat. It is on the 10th floor of a 27 storey building, only recently completed, and made out of brick not concrete! We have a 15 % deposite and both earn more then enough to cover the repayments. So why can we not find a mortgage ? In desperation we have gone to a mortgage…
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Renting to ex-spouse and benefits question
Hello everyone. I'm considering buying the house that me and my ex-wife shared (she still lives there with our kids whilst I pay the mortgage) and giving her, her share. Once bought I want to rent it out and I would be happy to rent it to her, if she wants to stay there. However, she's on benefits and once the money from…
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Will revised tax assessment from HMRC affect mortgage application
I'm self employed and recently had a letter from HMRC that they have reassessed a tax return from 4 years ago and they believe I now owe an additional £11k in tax. I'm also currently looking to buy a place and was wondering if I put an offer in will this affect my mortgage application? I'm appealing the decision as the…
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Looking to remortgage (Countrywide)
I'm currently about 5-6 months away from the end of my 4 year fixed mortgage term with my current lender. I know now is a reasonably good time to remortgage and I know I want a 5 year fixed rate mortgage. As my current mortgage was found by an advisor at Countrywide they have been in contact and set up a few meetings to…
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Planning to get mortgage and make large overpayments - thoughts?
We're planning to buy the flat we're currently renting for around £280,000 with a £70,000 deposit. We could afford to make mortgage payments of around £4000 per month, or maybe a bit more, so we'd like to be mortgage free in 5 years. I'm trying to figure out the most economical way of doing this. One way would simply be to…
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House valuation for remortgage
I wonder if someone could advise We bought the house for £300k in the summer 2010. It was in a state of disrepair and have since spent at least £75k in refurbishing and improving inside plus also completely redoing the outside (front and back) so the house is unrecognisable. I need the value of the house to be around £360k…
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How to get name removed from a mortgage
Hi all Unfortunately 7 months after buying our first house together, my boyfriend and i are splitting up. What i want to know is how easy it is to remove my name from the mortgage? He earns more than me and could probably afford the place on his own. I'd rather leave sooner than later., but i know i couldn't get another…
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Newcastle BS
Hi, Does anyone have any experience of getting a mortgage through Newcastle BS? Our application has been in since the end of January and whilst we have passed the credit check etc they have come back quite a few times looking for information.They don't really seem to know what they are doing and each week seem to be asking…
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Buy to let mortgages?
Is there a company which will provided Buy to let mortgages for houses with a value of less than £40,000 in Northern Ireland?
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mortgages for mentally ill?
My brother in law wants to move from the flat he owns in South London and buy a house in North London. We're concerned about whether he can get a new mortgage He is married with one daughter, and his wife has a part-time admin job. He has recently been diagnosed with mental illness and is now on a range of drugs including…
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First Time Buy to Let Mortgage
Two-ish questions. A) Is this possible? On an come of £20k, with no current mortgage, loans or property (Very small low value property) If so who provides such a service. Any other criteria? B) If you take on a mortgage on the above, then become self employed 6-12 months down the line, what are the repercussions? (Even if…
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Help. Financial Association.
Hoping someone can help us here. My partner is applying for a mortgage in her sole name, as my credit rating is not great (all now thankfully paid off). Upon checking her credit file, there is a financial association with me, due to a savings account we opened. As this is not a credit account, is this going to be easy to…
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Adding daughter to mortgage
I have recently split from my wife and am self-employed. I wish to remain in the marital home, as she has moved out, but may not be able to get the mortgage based on my current income. Therefore I was thinking of adding my daughter to the mortage so that we could use our joint incomes as a basis. However, my daugter is…
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Mortgage virgin. Advice please :-)
Hi All, So at the moment I am running a sole trading company. I "could" take £1500 to £2000 PCM if I wanted to however the company needs to pay for other things and my partner is on benefits and so it would affect that. We are in the process of splitting up and leaving the home as I am not prepared to have a higher wage…
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Can someone give me some advice please
Let me start with the background so it gives you some idea. I'm 42, seperated from my husband, have a 7 year old. My son and I are still in the marital home (husband moved out). Husband wants to sell the house and I too would like to as I want a fresh start. Living in London. My salary is quite low, approx. £26000 pa. But…
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Remortgaging
My current deal with The Nationwide comes to an end and although the rate is low(2.5%) with a small part at 3.99%. I prefer the security of a fix rate deal so I know what I've got to pay each month. I'm also thinking of snowballing some other debts into the mortgage so I have one single payment to make(and then cut up the…
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Loan to cover moving costs?
Hi I'm a FTB and the lease runs out on my shared rented house on August 4th. I'm desperately saving every penny to get a mortgage together and whilst I can make a 10% deposit, I'm starting to panic about all the other costs like stamp duty, solicitors, removal van etc. I don't have any family that can help me financially…
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Interest only mortgage overpaying
I am trying to work out how to clear my interest only mortgage. I currently owe 33000, the mortgage is due up in march 2020. The interest only payments is 70 a month, interest rate is 2.5%. I am currently pay £680. To calculate my overpayments i worked out what a repayment mortgage would cost, i got this at £428, therfore…
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MoneybackMortgages
Has anyone had any experience with moneybackmortgages.com? I couldn't find other references on MSE? Providing you've done your own homework, it looks like a good deal. With thanks.
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Getting a 2nd mortgage in principal
Hi all, We're first time buyers with a mortgage in principal with Abbey. We've had our offer accepted on the flat we liked so I phoned my mortgage advisor this morning to get the ball rolling with doing the mortgage application. I got a phone call this afternoon from him saying that Abbey wont lend to us because they won't…
