-
Help to Buy mortgage scheme
Hi! This is the discussion thread for the Help to Buy Mortgage Scheme. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide. Thanks folks,
-
Right to Buy/Right to Acquire
Hi! This is the discussion thread for the Right to Buy/Right to Acquire guide. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide. Thanks folks,
-
Shared ownership schemes
Hi! This is the discussion thread for Shared Ownership Schemes. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide. Thanks folks,
-
Government mortgage schemes
Hi! This is the discussion thread for the Government mortgage schemes guide. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide. Thanks folks,
-
on base rate want to borrow extra
When I separated from ex the nationwide would not give me the full amount to cover my mortgage (£6,000 short) my dad gave me the £6,000 to give the nationwide. A few years later my wages have increased and I am now on the base rate (prev 5.59%) My plan was to remortgage at some point and repay dad the money, if I…
-
Mortgage plus cash ??
Hello I have been to the Halifax this morning and they have offered me a maximum mortgage of 73 k on my earnings . I have a 50 k deposit so making total £123k . However the house I am interested in is £130k would an estate agent accept my mortgage of £123k plus the remaining £7k in cash??? Are there any issues I need to…
-
Occupiers Consent Form
Good Afternoon! I'm just trying to get a little understanding on a form I've been asked to sign, an Occupiers Consent Form. I understand this is in place to protect the lender from me laying claim to the property as I'm not on the mortgage. However I wondered where this would leave me should something happen to my partner?…
-
Surveyor's mortgage valuation lower than surveyor's market valuation
Hi there, long time reader of the forum, first time poster, looking for advice. My partner and I have recently had an offer accepted on a house for 310,000. We had a mortgage approved and chose to have the homebuyers report done through our lender i.e. alongside the lender valuation. We received the homebuyers report and…
-
let to buy advice please
I see there is another thread similar ot this and the advice is to go see an IFA which i am doing next week but am interested in view's of others, particularly anyone who has done this. our current residential property we would like to let out, value is £140,000 will rent for £700 per month We would be buying another…
-
Friend putting up money for our new house
Hello. We're currently in talks with my partners boss/friend who is potentially going to put up the money to secure our new house (£145000) as we need time to sell our current property. We unfortunately are unable to get a mortgage at the moment due to a couple of debts affecting our credit rating (proceeds from house sale…
-
Strange Mortgage situation, please help!
Hi there, my dad told me about the fantastic help to buy scheme and I've decided to try and get a mortgage. I tried with one of the lenders, halifax, and it was reffered. They said I needed a 15% deposit? WTH? I have the 5% deposit and through the goverment it's another 20% so why won't they accept it. It defeats the…
-
Let to Buy
We currently have £28,000 left to pay on our existing mortgage. The property was purchased for £52,000 and is now worth around £120,000. We are looking to buy a new home around the £250,000 mark and have begun to think about keeping hold of our existing property and letting - I think we could get £600 a month. We're…
-
Mortgage split with 2 rates - overpayments to lower rate loan
Hi - I have a colleague who has a mortgage which is made up of two loans, as he was eligible for a discounted rate but only up to a certain limit. From his perspective he has one mortgage and a single account number. For the last few years he has been making overpayments and has now discovered that these have been applied…
-
First Mortgage Payment
Hi guys I just wanted to ask a quick question, i've had search about first mortgage payments before, but i wanted to see if i could get a definitive answer. I'm in the early stages of the housing process (offer accepted, solictors doing there thing, mortgage application accepted with Nationwide) I know one of the confusing…
-
Mortgage arrears charges with GE Money
A year ago, my husband had to stop work due to a terminal cancer diagnosis. So I did all the things I had to do, informed everyone, and applied through DWP for financial assistance, a task which is never easy. To cut a long story short, they took months to sort things out, and we ended up paying a mortgage payment out of…
-
Very quick basic mortgage question
Hi there, just joined the forum so hello! To be short and sweet i'm really confused about this whole mortgage thing, i may be looking to buy and from what i can see it is just glorified renting with a huge desposit. My main question is though with interest and what you actually pay back. For example: 100,000k property…
-
Have lost job - impact on mortgage
Ive recently lost my job and have a mortgage with Nram (previously northern rock). I agreed a payment holiday with them for June and July last month before this happened as I was in hospital and lost wages during this period. I do have some source of income at present through agency type work with the NHS although this…
-
Mortgage in principle - Go without partner?
Hello Myself and my partner are ready to buy (she has been offered a job which she will accept) We have seen a few houses we want to view. Nationwide do not have any weekend appointments for 3 weeks. And she cannot get any time off work in the week. In order to get a mortgage in principle, could i go to the meeting on my…
-
buying a second property after remortgaging
Do you think this could work? I have a one bed flat and would like to remortgage and take some money out (value after renovation is up about 25%). I will keep the same LTV and take out the excess cash. After about 6-12mths, I would then apply to the bank to let out the flat (my bank allows on an annual basis) and then team…
-
Environmental Search..?!?
Hi all, We are currently undergoing conveyancing on a flat and received the following communication from our solicitor: I have some paperwork in on the purchase and this shows that XXX originally formed part of an explosives research and manufacture facility operated by Royal Ordnance and some of the site within XXX was…
