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Post Office Mortgage Advice - First Time Buyer
Hi all, My wife and I have a Post Office Mortgage (underwritten by BOI UK) agreed and have the paperwork to sign. So far, we have paid our broker fees and a for a homebuyer report via them. My main concern is whether to carry on with this due to recent press, etc. However, ours is fixed for 5 years so cannot be affected.…
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Selling property and ending a mortgage
Hi Currently living in a shared ownership property and need to sell as we need a bigger place. Unfortunately that means getting off the property ladder as we cannot afford the deposit needed for a larger place. Does anyone know what will happen when we sell and want to end our mortgage as we are not buying a new place and…
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Quick question re mortgage application
Folks, Quick question re mortgage application so any advice/info would be appreciated. Basically, in the next few weeks, I'll be submitting my mortgage application. Affordability wise there's no issues. Credit report wise, no issues. Both are clear and credit report is very good. However, there's one thing I'm slightly…
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LTD company- SA302 required?
Hi guys, I have a limited company with 3yrs of accounts generated by accountants. I have all previous HMRC tax calculations but was not required to submit self assessment therefore I cannot obtain 'SA302' docs. The forms are essentially the same but in a different format. I have spoke to mortgage broker who says he simply…
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Mortgage help after iva
Hi all would like a mortgage but I have had an iva in the past. my iva finished in 2010. I have updated all 3 credit agencies which show no iva or defaults all green. I have took out credit cards but paid them off every month to try to improve my credit files. I only have 15% deposit want to borrow around 60,000 do I have…
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Anything better than 2.49% without fees?
I got a First Direct tracker mortgage 2.5 years ago for 2.49% (1.99% + BR), and £99 fees. Is there anything better currently, beating that rate and no or low fee? It still seems to be a good deal, but just want to check. Thanks, Seb
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Which one of these lenders would you recommend?
Ok, So i've narrowed my list down to these few mortgage lenders, I need one who will lend to a discharged bankruptee, I don't care about the good deals, I won't get them. I just want to get on the property ladder. 1. Skipton BS, 2. Chelsea BS, 3. Yorkshire BS. Does any of you on MSE have a mortgage with one of these…
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Rental property equity release
Hi I have a house that I rent out and would like to release some cash out of it. The house is valued at £175k and the mortgage is £123k on it. We have a repayment mortgage at 4% on the property although it is not a buy to let mortgage. Would I be able to release any Capitol out of this property ? Cheers.......
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Lending multiples
Couldn't see any other threads on this but apologies if this has been done before. We are looking to buy somewhere in outer London / Home Counties in the next year or so, and initially I am just trying to work out how much we are likely to be able to borrow. I have put our earnings into a few online calculators and get…
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Remortgage advice please
I have 15 years left on my mortgage and I can switch to Co-Op for 2.79% for 5 years or would I be better to say with Nationwide as at the end of the 5 years they have a lower SVR - or I could stay with Nationwide on the variable rate they are currently offering me 2.5% -anybody with any thoughts / advice would be much…
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Remortgage advise please!
Hi, need some advise from someone more knowledgable than me please! We got our first mortgage of £212,000 almost two years ago on a fixed rate that is coming to an end. We met with the mortgage advisor today to arrange the re mortgage. We currently owe £200,000 (house valued at £270,000). We have a lump sum of £90,000 that…
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Commercial Mortgage?
A small established newsagents in my area is up for sale for £55k that I'd love to buy. It's the only newsagents in the immediate area with lots of housing surrounding it. There's no other commercial properties nearby so won't need to worry much about a competing newsagents opening up. It turns over 6k a week but no idea…
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Woolwich/Barclays Pre Approved Mortgage Limit
I'm looking to move to a bigger home. We have a mortgage with Woolwich who last time Fast tracked us due to having a Pre Approved Mortgage Limit as we bank with them. This time I just want to port the mortgage to the new house and borrow an extra £40. This would be easilly afordable to us, however our income is lots of…
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Getting a BTL but putting the flat in son's name? Possible?
We have a mortgage for the property we are living. My son studies in Scotland and we want to buy a second flat for him to live in. He'll be sharing with 2 other mates, who'd be paying certain sum, hence helping with the mortage. We have realise we have to take a BTL mortgage for this, even though my son will be living on…
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Nationwide Cashback
Hi all Me and my partner recently applied for a mortgage independently of a mortgage adviser as we managed to find a better deal elsewhere and also didn't fancy paying the fees. I've been looking at the legal & general mortgage club website and have found that Nationwide (the lender we went with) offers 0.33% cash-back on…
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Move Home ...multiple PAYE's...Self Employed...Want to keep great rate
My wife and I would very much like to move to a bigger house. The problem we have is that we are both musicians/hourly paid teachers. My wife has 3 years of accounts and also earns around £5000 form PAYE, this work has a contract but no guaranteed hours of work. I work for 3 different PAYE,s again I have a contract but no…
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First time buyer advice
Good afternoon I'm a first time buyer looking to get on the property ladder, just after some friendly advice. I'm 21 years of age, currently in full time employment. My salary is £13,500 with bonuses of £6-7000 per annum. I have a £21,000 deposit available. I have a car loan with 0% finance of £206 per month. I have…
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found a house but empty land next door
Hello All I have found a house I really like but there is empty fenced of land next door. How do I find out if anything will built there or not. Its a newish housing estate about 7 years. It just seems strange that this land has just being left with nothing being built on it.
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Have I made a poor choice with my mortgage?
I'm a FTB. I bought a house a year ago and chose the following mortgage: Post office Fixed for 5 years 4.99% This was based on a 10% deposit and my single income. I see loads of other officers which are less because it's variable or tracker. I justified my choice by thinking "at least I know it's fixed and what I'll pay…
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Valuation for re-mortgage
We are desperately trying to get off our current NRAM mortgage, and Santander have got a 2 year fixed deal that they are willing to offer us but the interest rate we qualify for depends entirely on the LTV ratio. Santander have quoted us for a great deal assuming our house is worth £220k, as this valuation just brings us…
