-
Long term fix <2.49%
Currently own my own property with LTV well below 40%, and looking for a mortgage multiple of 2.5 times. Is there anyone on the market who can offer me a 5 yrs + fix at or under my current rate of 2.49% variable? Thanks
-
Informal tender sealed bids - FTB
After a bit of advice.... A property has come on the market in my area, it's for sale by informal tender asking for sealed bids. The guide price is £90,000. It's a 3 bed, grade 2 listed house in need of modernisation. I'm a first time buyer with a 10% deposit. How would I go about making a bid? I assume I need a DIP? A…
-
RTB, Consent to let & buying a 2nd property
Hi I am looking for some advice. We recently brought our council flat from the council under the RTB scheme. The flat was valued at £81,000 and we had a discount of 52% so our mortgage is for £38,880. We planned to stay here for 5 years and then sell to buy a house. We have our mortgage with Santander on a 5 year fixed…
-
Direct application not progressing, could we consult a broker?
Hi all Me and my husband had an appt with a Nationwide mortgage advisor 2 weeks ago (our current lender). We were told that we could not submit a formal application because we had to wait for the overpayment monies on our mortgage to be transferred back to us. I will try to explain our situation briefly. Current mortgage -…
-
Mortgage for older people?
We are having problems finding an interest-only mortgage for a short period to pay off an equity release scheme on a deceased relative's property. The mortgage would be against our own home (owned) and we have savings enough to cover it (held in ISAs, so don't want to use them); it would be repaid on the sale of the…
-
help me move on!!
Hello all, Would love to hear some good advice from you lot. I am currently living at home with my parents after my previous relationship broke down. I have a daughter aged 4 too. As I am living at home I am managing to rack up the saving and also have minimal outgoings. I earn £30k per annum, receive approx. £8k per annum…
-
Any mortgage experts to help two FTBs?
Hi there, I was just wondering if anyone could provide us with some mortgage advice...and I know many people are in the same position but I feel I need to have a rant about how difficult it is to get a mortgage in a climate where hundreds of jobs are temporary!! I finished university two years ago and since then my partner…
-
Mortgage protection
Is mortgage protection necessary? e.g. loss of job, illness, accident. Mortgage broker seems to be quite hot on it, but I think that's probably commission-related. And does £60 per month for a working couple seem reasonable on a £130k mortgage? Seems like a lot to me, but then I'm not very risk averse.....
-
Question about FTB Mortgages!
I'm stuck in a flat that I can't sell and may have to just accept a terrible offer to get rid, the only problem is I'm on an excellent rate and wanted to port but now I'm thinking of selling and moving in with the in laws :cry: if we do that and then save enough for a decent deposit for a house, am I then a First Time…
-
Brother in Law trying to get Mother in Law to sell house with 12k left
I'm looking for some advice for my MIL. We are going to CAB but wondered if anyone knew what options are avaliable for her or if anyone has been in a similar situations. She was taken into hospital with pnumonia and now wants to give up work. Shes 66 and gets her pension. She'll be £300 worse off not working per month but…
-
HSBC Approved Solicitor
Hey, I am looking for a HSBC approved solicitor. Previously I used ARC solicitors but they have subsequently been bought out/merged by someone else. This someone else is Abode Solicitors who apparently are not authorised to act on behalf of HSBC. Anyone using/used a decent one recently? I have tried the websites like…
-
When should we start insurance?
We're about a week away from exchanging contracts on a new build property but it won't actually be ready until November/December this year. All the information i've been given says we should begin life insurance and home insurance immediately after exchange. Is this really necessary? Paarticularly in the case on building…
-
Mortgages and letting out a room
Does anyone know if the income from a prospective tennant is accepted as income when applying for a mortgage? Or am I hoping for the impossible, an affordable house?!:)
-
Moving house
Hi everyone, We are currently thinking about moving house, our mortgage is up for renewal this year at the end of October. I understand that if you want to get out of your mortgage earlier you have to pay a fee, in my case 1% + £160 admin charge, does anyone know if this is the case if you are staying with the same…
-
First time buyer with a CDL
Hello there! I'm just looking for a little bit of advice on when and how to apply for a mortgage with my boyfriend. I've been studying for my doctorate for the last three years. In my second year, I applied for a Career Development Loan from Barclays of £10,000 to cover my tuition fees (£3800 per year) to help me with…
-
Moving house with new mortgage circumstances
My wife and I currently own a house which we have a joint mortgage on. We have been in the current house for approximately two and a half years now (our first home) and have always made our repayments no problem. Our first child was born about a year and a half ago and my wife stopped work after her maternity leave. We…
-
Paying off your mortgage
We have an interest only mortgage and are in a position to pay it off. if we do is there a rebate payable
-
Endowment Guarenteed Sum
Hi experts, I have an endowment policy which is worth at the moment around £30,000. It’s up in 5 years time and is supposed to pay out £73,800.00 (I’m not using it to pay off the mortgage as I changed to a repayment so years ago). I pay £111.65 a month and that covers life insurance for partner and myself. The company has…
-
FTB Halifax Mortgage Application Process – Taking too long
I applied for a Halifax mortgage application through a Mortgage Advisor on 24th May 2013 and I still haven’t received an offer. I was told by my MA that the valuation has been instructed last Wednesday 12th June but he informed me yesterday that Halifax will contact the developer within 24 -48 hours to agree a day when the…
-
Obtaining second mortgage
I am in the process of trying to buy a second home. I have a house that is rented out presently in northern Ireland after I moved to the south of England. (peters field). I am renting at the moment but have seen a house that I would like to buy, £250000. I have a deposit of £80000 but the mortgage advisor that I met with…
