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Buying a house at auction - mortgage/ borrowing help
Hi :) I am looking at buying a house at auction. The 10% deposit would be paid onthe day. I then have approx another 20% to pay as my deposit and the remainder would be from a mortgage. If my mortgage has not come through during the 28 day final payment windowthen I would have access to borrow the cash from family to…
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This will probably sound like a daft question but...
Are mortgage brokers and mortgage advisors the same thing? If not then what is the difference between them?
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Rental property NOT on buy-to-let mortgage
Advice sought, thanks in advance. Just over two years ago we bought our new house, in which we now live. At the time we struggled to sell our old home, so we decided to rent it. We advised the bank and they said we could continue on our existing mortgage for two years, i.e. we weren't forced into a buy-to-let mortgage.…
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Deposit / solicitors fees shortfall
Need some advice / help please. We have had a mortgage offer from nationwide. We have the 10% deposit but the fees and stamp duty were being gifted to us by my in laws. The n laws have nw retracted that offer! So we are left with a roughly 10k shortfall. My question is now we have the mortgage offer will further credit…
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Getting mortgage after career break
Hi I am returning to work after long period of unemployment Would like to get a mortgage for a house ASAP. how long will I have to wait. I am a civil servant and was on a long career break . Thanks
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Late Payments - Any hope of getting a mortgage ?
Hi all I would really appreciate some thoughts, especially from any of the brokers on the site. I have an offer accepted on a property and am looking for a 75% LTV mortgage. I have no financial difficulties, I earn well and am never overdrawn (and I pay my credit card off in full each month). I have previously checked my…
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Concerned for my mum!
Hello Wondering if anyone can offer some advice. My mum bought a flat for £75,000 a few years ago when the market was better. She has stupidly been paying interest only. Now she's had to retire due to to ill health and Im worried she will not be able to cope with the payments when they come off the interest only 5 year…
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Is it possible to buy 2nd house with negative equity
Hi, I am wondering if it is even a possibility at all to buy a 2nd house if the house we currently own is in negative equity? We have a mortgage of apporx 160,000 over 30 years. We hate the house and we are prob about 70,000 in negative equity. Purchased house for 180,000 at height of property boom here in NI. Anyway we…
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Want mortgage but bad credit....but not on report?
My husband and myself are looking to buy a house, but are concerned with his past history: 1. 2005, Default of £6k, reduced to £3,700 but not paid off (stupidly following advice of debt advice charity in about 2009 after they failed to be able to provide statements/copy of agreement) 2. 2009, Default of £380, settled 2010…
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First time buyer, partner with mortgage
Hi, I am just looking for some advice and a rough idea, potentially a mortgage advisor so if anyone can assist please post in the thread and I will get in touch for further guidance. I am looking to buy my first house with my partner, but she already has an existing mortgage with a sibling which costs around £900/m total…
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Is Accord the right choice for us ?
Hi I would be very grateful for any advice / experience anyone could offer based on my situation below. We have had an offer accepted on a property at £600,000 give or take a few pounds. We are first time buyers and are looking for a 75% LTV mortgage. We have a combined salary of £144,000. We have been looking to buy for…
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Re-Mortgage on DMP
Hi, Does anyone have any advice on remortgaging when on a DMP? We currently have a tracker with C&G on a great rate due (1.69%) to the last remortgage just before rates started to plumet. Unfortunatly, our great rate comes to an end in October, and will get put on the standard variable rate. We are however struggling with…
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poor credit rating but big deposit is it possible ?
Hi, We are considering moving home we don't have a mortgage at the moment (we own the house outright) approx £180,000 going by other recent house sales on our road. Houses in the new area are in the region of £210,000. (it's near a school we are considering for our son) So we would need a mortgage for the shortfall. Ok so…
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When will our 1st payment be?
Had our mortgage offer from Santander finalised this weekend and will be moving into our property on April 5th. Mortgage payment is due to be on 1st of the month. Does anyone know when our first payment will be? May 1st? If so will this be a double payment? Just trying to plan finances in advance. Thanks Will obviously ask…
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Advice about getting a mortgage - broker?
Hi :) I have just been reading through Martin's views on mortgage brokers thread and so based on what people have said, I'm posting my query on here. We are planning on buying a house this year (sold ours a few years ago when we moved area and are currently renting). We are waiting until we have done DH's tax return on the…
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Mortgage promise now declined!
If my circumstances haven't changed, can the Halifax decline a mortgage if a mortgage promise has been given? We have 5 rented properties, 3 with mortgages, all with at least 50% equity, the other 2 mortgage free. We also have our own house, all with the Halifax. We are buying another house for ourselves which will also…
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Mortgage reposession adice
I'm new to the forum and hoping someone can help me with a few things. I took out a joint mortgage with my previous partner. We have been separated for a couple of years (he was abusive) and he is still living at the mortgaged property alone. I have recently been contacted by the mortgage company to tell me that he hasn't…
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Poor Credit History Mortgage Help Needed
This is my first post although I am a long time browser of the site and any help/advice is most appreciated. My wife and I have just been turned down for a Halifax mortgage due to my credit history. Currently she has the mortgage on our flat as 3.5 years ago I couldn't get on the mortgage at the time. She has excellent…
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Need to remortgage at the same time as going part time at work
Our current 5 yr fix ends in May so i need to start looking at a new deal. I am the highest earner as my husband is self employed. However, I am currently on maternity leave - retuning in April but part time. Will the fact I am part time affect our mortgage offer? If I get a mortgage deal agreed before April do I have to…
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Endowment shortfall
Good afternoon, In 1990 my dad took out a low start endowment policy with Aviva (Norwich Union at the time) using an FIA approved broker (luckily it was after they started regulating them) At the time the endowment was to pay out £77,900 upon maturity (April 2015) and he was told that there would also be surplus money for…
