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Interest Only Overpayments
Hello everyone and thanks for looking.... I have a buy to let mortgage on interest only, balance is approx £66,000 and interest rate is 4.9% (£270 monthly payment). The property is not currently tenanted, but when it is next month, I plan to pay the difference between rent payment (£600) and mortgage payment towards my…
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First time buyer
Hello I'm just looking for advice/ people's opinion as to if i could get a mortgage I'm 21 and i am a first time buyer Ive seen a house i really like priced at offers around £65,000 (what would be a reasonable price to offer first) I have a £21,000 deposit which i've worked and saved very hard for, i could maybe stretch to…
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Buy to Let for Self Employed
I've just become self employed, but have contracts signed for a value of £100k My Cash Assets are £150k I'm wanting to buy a BTL, looking to put down in excess of a 50% deposit. Looking at critrea of a few lenders it looks like I don't qualify for any BTL loans (I'm also a non owner-occupier) What are my options ? will…
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Property rented out but live with parents
Hi I currently have a property (from a break up) but I have consent to let until dec 2014 and rent it out. In the meantime I am staying with my parents and saving enough money to switch it to buy to let and purchase another property. My first target is to get it on BTL. However, I've read that you can't get a BTL on a…
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Mortgage Retention - work not needed?
Hi, I wonder if any of you can help. My husband and I have just bought a new house. it was a repossession in need of work - my husband is a builder and our previous property needed work so we are used to it. The cost of the property reflected its condition and we were prepared for what was needed. We had a basic survey…
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Need mortgage advice
We have complicated situation and need mortgage advice...do I need a mortgage advisor and how do I find one that can help us
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Do i need life assurance b4 applying 4 mortgage?
Hi I was hoping someone can advise please. I've got my full mortgage app date coming up and received a list of documents to take, which included copies of life assurance. I don't have any,would this go against my mortgage app? I've started to look at life assurance and possibly get the decreasing one that would cover the…
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Influence of Loan on Mortgage Application
Hi All, Quick question. I have a loan from Nationwide for an original amount of £18,500 at 7.4%. How does a loan (in good status) influence any mortgage application?
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Buy to Let possible?
I have a large chunk of money saved up, enough for at least 25% deposit on a property, however I am a contractor so I think I will be unable to prove I have a steady income as I have only been doing my current job for 3 months. I would like to buy a 2 bedroom property so if worst came to worst I could let it out to cover…
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Mortgage Application with Satisfied Defaults
Hi. Very new to all this and looking for some advice. My husband and I are currently looking for a mortgage for a property in guernsey. At the moment most lenders here are still offering 5 x joint salary. Our combined salary is 84k and we have a 130000 gifted deposit. We are looking for a mortgage of about 210000, perchase…
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Mortgage repayment holiday for 6 months to pay off credit card HELP!!!!!!
Me and my husband have had our mortgage for 8 years with Natwest. We have never missed a payment or had any trouble with our mortgage. However, after getting married we now have £6000 on a credit card, which we cannot move to a interest free balance transfer or a loan because we already have one and arent able to apply…
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Yorkshire Building Society Pass or Super Pass?
Hi all, can someone explain what the difference between a pass and a super pass is? My situation: FTB with 10% deposit. I completed a mortgage application with a mortgage advisor in Yorkshire Building Society branch. She took all my payslips, ID. Went through all my history. I was told I met the affordability criteria…
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Use savings or take out against mortgage
Hi all Looking for some advice, maybe someone with a mathematical mind!! I am adding an extension to my house at a cost of £21000. I have £15000 in cash and £6000 in shares which could be used, but would really be using all my savings. I could get a further advance on my mortage at a rate of 2.64% over 2 years as that is…
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How much do I have to pay ex if I sell the house?
My ex husband has been paying half the mortgage even though he hasnt lived in the house for nearly 5 years. He now wants to come off the mortgage so it looks like selling is the only option as I can`t get a mortgage on my own. How much of the proceeds will he be entitled to or is it just a 50/50 split?
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Mature student about to graduate - how long to wait for mortgage?
I'm a mature student and haven't been working for that last four years. I'll be starting work again in July and want to buy a property as soon as possible. I have a 20% deposit and will be in a secure job with no debts. Can anyone suggest how long I should wait before thinking about a mortgage? I've been working on the…
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Will my HSBC mortgage be rejected with this criteria
Like most we met with HSBC to enquirer about a mortgage due to their outstanding deals. The one that appealed to us was the life time tracker simply because of the “life time” part and the fact it is a great rate. It is a joint application with both my partner and I and our financials are as follows: She is working full…
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Changes to paying halifax mortgage by standing order??
Halifax has recently changed its mortgage payment set-up and customers mortgage a/c numbers. Does anyone happen to know what you need to change your standing order sortcode + a/c number to if you pay funds by standing order? Unfortunately mortgage dept closed easter sunday and i'd like to try and get my s/o for 1 April…
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Opening/applying for credit cards so close to getting a mortgage/buying a house?
Basically we shut down all our credit cards in January, figuring that a load of credit to our name would be a bad thing & we'd be looking at buying a house from April onwards. I read yesterday that this could possibly be a big mistake & harm your credit rating/score. We've not registered on Experian yet. I'd have to pay…
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deposit
Excuse my ignorance but does having as big a deposit as possible increase your chances of getting a mortgage? For example would 40% be looked upon more favourably than 20% or is it the case of if the company is willing to give you a mortgage you'll get one whether you have 20% or 40%? I'm just trying to number crunch as to…
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Tax Implications
Hi, I hope you will be able to help me.. I am asking this on behalf of a friend. He has a mortgage with his wife and his brother. His brother has been helping to pay the mortgage for approx 3 years. My friend now wants to take his brother of the mortgage which he has agreed to do. Is my friend and his wife liable to any…
