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FTB Gift deposit source help!!
Hello, We have recently been approved a mortgage with the Halifax (yay!) and our solicitors are now requesting searches to be done etc. Our property is worth £293,000 and we need a deposit of £32,400. We have been savings for about a year now and when we put our full mortgage application in we advised that my parents would…
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Endowment due to mature Oct 2013. Need some advice please
In Oct 2013 our £55k endowmnent matures. A number of years ago we had warnings that it was not going to pay out so converted £25k of the original £55k. So effectively we owe £30k. Friends Provident have stated it is likely to pay out £42k come Oct. Our mortage with Santander has just been fixed at 2.99% 5 year fix and they…
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Self Employed and Fixed Rate ending soon
I hope someone can advice me please. I am on a fixed rate mortage that ends soon. During the terms of the fixed rate I became self employed. I've now been doing this for 8 months and my income is far greater than it was when I initially took out the fixed rate. When the fixed rate deal ends I would like to switch to…
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proof of employment being a issue
hi guys, wondering if anyone knows how to deal with this matter. I applied for a mortgage (Halifax) just shy of 6 weeks ago the most off the time is sorting out employment, as I'm on maternity leave they didn't require me to send them p60 just wage slips and letter of employer guaranteeing job title and hours on when I…
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Declined, so wondering what they can see
I'm with Lloyds TSB, I'm apparently a 1A customer. I applied in principle for a mortgage at the weekend During the process I was asked if I'd ever had any issues with credit that I had. I said yes to something that happened about 10 years ago. explained that I had a debt management plan, completely paid off and sorted well…
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Chances of a Mortgage
Good Morning, This is one for the brokers out there or people in the same situation. I would like to tell you my situation regards to getting a mortgage and hopefully some advice can be given. I am planning to move out with my girlfriend at the start of next year and was wondering if we would have any problems getting a…
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Can this be done?
I have a friend who wants to buy another house but can't without help getting a mortgage with someone else (close family member) who has a much better income. Her house is fully paid off and is solely in her name. She wants to remortgage the house for a deposit to buy another as an investment. Can she get this close family…
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Buy to let
Hi, if I mortgage my own house to refurbish a rental property, would the interest be tax deductable?
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Switch mortgage?
Hi! I'm currently on a 25 year fixed mortgage at 5.49%. I was thinking about chancing mortgages which looking at the numbers would save nearly £200 a month!! Or about 4 years. But.... Is the 25 year fixed rate worth the extra as it is a nice security blanket knowing it will never rise. I don't know what to do. Any advice…
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Critique this remortage plan for me please!
Hi all, anyone have any opinions on this plan? We are up for remortgage end of August for 81K, but need 105K to extend the kitchen. The loan to value is about 20% and our wages easily cover the repayments. I would like to retire from my current job for a second career in 13 yrs time, so look to pay off the mortgage by…
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northern rock - together morgtage
my wife had the for 7 years come Oct - will they pass on the .25% reduction on mortgage?
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How Do I Buy His Half Of The House?
I took out a mortgage with my ex in December where we put about 9k deposit in each. Everything was 50/50. I recently told him I wanted to split and he chose to move out. He is still paying his half of the mortgage as neither of us want the house repossessed. If we were to sell the house now, due to the fees involved we…
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Seeking suggestions for possible mortgage deals available in the market
Thank you very much for your reading in advance :) I am looking for available mortgages in the market, but I was told by mortgage advisers that not many banks would like to lend me the money. Here is my case: 1. Have lived in UK for more than 5 years; 2. Holding a working visa (about 6 months); 3. Have a permanent job and…
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Can you remortgage and get a new mortgage for another property at the same time?
My husband has an existing mortgage on a home he originally lived in and later rented out for the last 10 years while living abroad. The property is currently being rented. The mortgage is £28K. The house is roughly valued between £120-130K. The monthly mortgage payment is £250. It is rented for £650 per month. We want to…
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Is my home going to be taken away? (2nd mortgage)
Value of the house is over £600k and is now at risk of being lost over a badly managed £10k home loan. 20 years ago £10k second mortgage taken out to do some rebuilding work (house was paid off in full). They were upset because it was one of those mortgage products where the payments suddenly jump and they thought the…
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Advice on letting my house - mortage / finance
I currently own a house in Stockport, mortgaged via Nationwide with about 11 years left on the mortgage. I've had to relocate due to work and am renting a bungalow elsewhere. I don't need to sell at the moment and due to the fairly low prices at the moment I was thinking of keeping hold of the house and renting it out. The…
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Transfer mortgage offer to another property
Just had formal mortgage offer from Nationwide. Unfortunately our purchase is looking shaky. Just wondering if in theory we can transfer the offer to another property and then presumably just pay for a fresh valuation for mortgage purposes? Or would we have to start from scratch and reapply plus have more credit checks…
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mortgage declined- any ideas?
I currently have a mortgage with HSBC and I want to port the rate over to another property (because we are moving homes). I want to borrow exactly the same amount of money. However, HSBC are now telling me that I no longer meet their lending criteria! This maybe something to do with the fact I am on a lifetime tracker rate…
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Is there such a thing as a 95% mortgage
Hi, Do any lenders now offer 95% mortgages?
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Pulling out of a mortgage after application.
Hi, We have applied and been accepted for a mortgage they are just waiting for us to send a piece of evidence before it goes through. We purchased a homebuyer report through the mortgage company and its filled with errors and both the surveyor and mortgage company are saying the contract is with the other. Even though I…
