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Second steppers help
Good or bad? will it create another bubble? my friends daughter was leaping for joy as she says she can buy a new bigger energy efficient home and stay in it longer. http://www.dailymail.co.uk/news/article-2296276/BUDGET-2013-Second-time-buyers-offered-95-mortgages-Osborne-new-5bn-housing-package.html
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Looking for best offset deal?
Im thinking to fix. As Im getting nervous about my tracker. Also I have about 30k in rubbish accounts getting no interest.(I know I should ISA but I cant be hassled switching them every year) Currently Barclays 2.18 plus BBBR....owe 150k...LTV 50%...30k savings. Using MAS I found the best 5 year fix with offset is YBS…
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95% mortgage with default
Hi Guys, Quick questions, is it possible to get a 95% mortgage with a default that is 5years old? Is it possible to do a joint mortgage with my mother who currently has a mortgage with about 5 years left? Thanks in advanced
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Do providers take income from a lodger?
Will providers take my lodgers rent as income. Ie increase my borrowing potential ?
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£140,000 deposit, £20,000 salary, -£5000
Hello all Im looking into getting a mortgage, I have a property in my name worth £140,000 going on the market this month. I have -£5000 on a credit card. I'm on £20,000 pa, payrise next month but not sure that will mean a thing without it being on payslips. And I would ideally like to get a mortgage of £100,00-£150,000 Is…
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Why does my mortgage offer need to be 'validated' by the estate agent?
Hi, I have an offer in principle from Halifax and have made an offer on a house. It was difficult to get the mortgage because of financial associations and we went (via broker) to 3 different lenders before being accepted at LTV 15% The estate agent have now said they need to have our offer validated. I thought this would…
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Survey??!!! Money for old rope....
Just had a survey done on a flat I am buying with help from the Woolwich. Cost over £300. The report is 29 pages long. 26 of those are no more than general comments on property maintenance and are doubtless repeated on every survey. The actual report tells me virtually nothing. I know this is more for the lender than me,…
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New Mortgage Deals
Hi All, I've just signed up as a member, I've been browsing for a while and thought it was time I registered. I'm looking to remortgage as my fixed rate ends on April 30th. My question is, does anyone know of anywhere that offers any kind of alert system to let you know when new mortgage products come onto the market? At…
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Additional borrowing query
Hi all, first time post. I am looking to remortgage with additional Borrowing. I have been told I can have the mortgage But I need to provide quotes for what the extra money Is being used for ( kitchen ). Why is this? I would prefer to Get quotes a barter with cash in hand to get a lower price. Why do they ask for quotes?…
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Mortgages for idiots
Hi, So I might have missed a thread on this. But where would you advise a total newbie on how to start looking into getting a mortgage? Is there a good book? Should I speak to a financial advisor?
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Mortgage - renewal query
Hi there, I wonder if somebody could offer some sensible advice regarding my mortgage please? I had a 2-year fixed rate deal (was 4.09%) which has now come to an end and decided to stick with my current lender (Natwest), they have offered me two I'm interested in: 2 year fixed rate, initial rate 3.59%, 4% APR, no fee 5…
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Co-Ownership but Single Borrower
I'm buying a property with somebody. However, I'm the majority earner and they only work part-time. As they don't earn that much, they're not keen on having the financial weight of a mortgage on their shoulders, but I want them as a co-owner of the property. My question is, is it possible to have two owners on the title…
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first time buyer - advice required
How much do solicitor fees usually cost when you buy a house? It is best to go to a mortgage advisor?
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Declaring Dependants
hey folks, i have a young child under 18 . However i do not live with her and her mother . I pay maintainence costs but wonder do i declare her as a dependant. Mortgage calculators are not very clear and there is a seperated section for child maintainence outgoings. Anyone have any experience of this? Thanks
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Remortgage Help please
hey guys, A friends mortgage is up for renewal and hes asked me to help out as he remember me looking at them, but that was a while back lol. All the offers I can see at the moment are for like 60/65% LTV Currently with RBS Capital+Interest 5.99% NO ERC/Leaving fee now House Value: £120,000 Outstanding: £97,250 Term…
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Mortgage issue
Hi all Am looking for some advice from a mortgage broker or other guys who are more clued up than I on the subject. My partner and I are FTB's and have found a house we are interested in, price is £165k and we would need a 69% LTV mortgage. We jointly earn £60k (better half more than me). I unfortunately have a Default on…
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Equity release schemes
Hi all, i need some advice on behalf of my parents. They have been talking about releasing some equity in their home which is worth approx 200k (mortgage all paid off) They have spoken to Saga who reckon they would be able to release approx 55k for them. I am not familiar with equity release schemes so can someone explain…
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Deeds and deposit worry
Hello all Here's the problem / nightmare we have ... We're first-time buyers. I work and my partner doesn't. Because of this, the lender advised we have a single mortgage with only my name on it. The deposit is coming entirely from my partner however. Our solicitor today advised that the lender "security" will reject this…
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mortgage deposit confusion
Hi, im wondering if anyone can give their opinion on my situation. My partner needs to sell his house to release equity (cant remortgage) and I have offered to buy the house in order for this to happen. I have have an offer in principle of 93k for a BTL mortgage. The house is valued at 130k. 93k allows mortgage to be paid…
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Transferring Mortgage in Own Name
Hi, I'm about to try and get my first mortgage, but for reasons of my partner having adverse credit, I have been advised to get the mortgage in my name only as I stand a far better chance of getting it, and it looks like we will just about be able to afford it. Only thing is, one day I am going to want to have my wife on…
