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Applying for a new mortgage
Hi, about a year and a half ago i moved out of the house that i brought with my ex wife and moved back home and have decided that i want to move out now into my own place. My name is still on the old mortgage which she pays. But i want to apply for a new mortgage will this effect me? She is in the process or remortgaging…
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Nationwide "final checks"...
Just rang for an update on the mortgage application - apparently it is at mandation stage undergoing "final checks". Should know either way by tomorrow, but just wondering what this might mean...?
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Family Gifted Deposits
Hi, Me and my partner are first time buyers looking to buy my partners parents home (there emigrating). The property isn't in an ideal area but we're seeing it as a step onto the property ladder, without having to wait years saving a deposit The house has been valued at £89,000, however they know that its unlikely they…
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30,0000 loan or mortgage
Hi I would like to borrow 30,000 to buy a home with a value of £130,000. I have a deposit of £100,000 (the value of my current home) and no debt or mortgage. I am disabled, unable to work and receive DLA and income support and SDA. None of the main lenders will lend me anything, solely due to being in receipt of benefits,…
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Joint mortgage - Both credit checked?
Hi, A friend and I are thinking of buying a house together in the next year or so. I have checked my credit rating and it turns out I have a default from 2011 which I was completely unaware of! I think it may be a mistake, so I am contacting the lender to see what happened and see if I can have it removed, but this means…
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Deals for 5 year fix remortgage more than 40% equity?
There have been lots of promises that funding for lending will improve rates 'in the near future'. I have an option to remortgage on Thursday for 5 years at 2.79% fee free and free legals and valuation or... ...stay on my base plus 1.99% offset tracker and wait and see if a better offer comes along. 10 basis points over 5…
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Use of interest free overdraft affect on mortgage
We are currently in the process of applying for a mortgage for our new home. We had an AIP with the Skipton however the underwriter has declined it due to my use of my First Direct interest free overdraft. As we have been saving like crazy I have used the overdraft up to £150 / £200. He has declined our application on that…
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would i get a 30yr mortgage??
Im 44 years old (just gone 44) if I bought a house in the next 12 months what would be my chances of a 30yr mortgage?? I have a decent pension coming when I retire (hoping to retire at 65) Thanks
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Mortgage- adding parents tax implications?
Hi guys, I'm a noob so be gentle! So problem as follows, grateful for any knowledge or advice you can share! Separated from husband and tried to sell house wih no luck as many have found in these times. Have gained permission to let from the mortgage company and am looking into that no worries. Will be taking ex off…
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Valuation advice
Hi all, Need some advice on my mortgage application - and valuation in particular. I applied for a buy to let mortgage through a broker and the lender (a well known bank) instructed the valuation ( only know this as this is what is says on the mortgage tracking website) on 03.04.2013. Now last week Thursday, the broker got…
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Buying a property with my sister - first time buyer, lots of questions
Hi all, I am looking for any advice that you lovely people can give me. My sister is getting divorced (she has 2 kids both in full-time education for the next few years - Uni and college age) and once the final settlement is agreed and the house is sold she will have enough capital to put down around 50% deposit on a 2 bed…
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HELP? Joint mortgage, ex partner, arrears.
I JUST WANT RID I signed upto a joint 50/50 fixed payments mortgage in 2006, did not go well and Jan 2007 I moved out. Three months on my ex-partner was sent to prison, during this time I was refused access to the property and being young & naive did not put up a fight. He then returned... but does not pay the mortgage. I…
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mortgage for house to live in but let 3 rooms?
Hi all, Considering buying a bigger house and renting out 2/3 bedrooms to lodgers (people I know). I need to find out what I could borrow, to find out what my price range could be. I will have a deposit around £50k, a rental income from 3 rooms of £975. However, my own income from job is only £22k. How would this work? I…
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Best Buy to Let Mortgage
Good evening. just wondering what are the best buy to let deals out there at the moment? does it work like that anymore, ie specific buy to let or is it just about getting an agreement to let on an existing mortgage? I'm looking to remortgage a property I am currently letting - thanks in advance:)
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First Time Buyer - 'Linked' Addresses and Applications
Hi folks, I have a query about a potential future first mortgage application, which I would be grateful for any advice on: My permanent address is currently my parents’, and has been for 15+ years. My current girlfriend rents a flat from one of her friends who has split up from her husband – this property has a mortgage on…
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Red default on file, worth applying at all? ftb
My boyfriend is looking at buying a house for us to move into. With our combined savings we are on track to be able to have a 15% deposit. However, the issue is when we checked his credit report he has a red mark from an ex student account where the overdraft was exceeded and not resolved (negligence rather than abuse but…
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FTB- Would it be possible!?
Hi, My fiance and I, are FTB in the process of looking for a mortgage. Though our situation isn't too straight forward so would be grateful for some help. We are looking for properties worth 120k, we have a 20% deposit. I am earning 14,500 and partner 26,000. I have a clean credit history, classed as excellent on credit…
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Is this possible?
Hi All, I have a question here, I have a meeting with the Bank on Wednesday to discuss but I know someone on here can give me some more info on it:D I took out a £128k Mortgauge in September 1st I paid a £19k deposit I have never missed a payment or anything like that but we are planning putting a new heating system in our…
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Mortgage and income...
Hi, Quick question, My sister has a £10k loan that has set monthly payments. She's looking for a mortgage, earns £23k a year and has been told that the loan would be removed from her yearly earnings. So that means although she earns £23k because of the loan they will only take into account the first £13k. Is this true?…
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Re-mortgage?
Hi, Firstly let me apologise for my severe lack of knowledge on this, but I guess that's why I'm here. So I have a mortgage with Halifax, 5 year fixed term which is due to come to an end next Feb (I realise I might be a bit premature with this but I don't want to leave things until last minute). I received consent to lease…
