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Mortgage From Brother
I'm wanting to buy a house but at the minute I cannot get a mortgage as I was made bankrupt a few years back. My brother would like to help me get back on the property ladder but he as concerns over how best to do it. Our idea was that he would buy a house on a buy to let, I would rent the property off him paying the…
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Interest only mortgage
Sorry this is a bit long! My OH is tied into a mortgage with his ex. He lived there and paid the mortgage in full every month after she left. When he started seeng me 5 years ago she went mad and moved back in. We found a rented place right away. She is now living in the house with 3 children who he has regular contact…
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At what point can I get credit after mortgage application?
Hello I have my mortgage offer and am completing 28th June. I wondered at what point is it safe to do anything with my credit file? I want to re finance my car or possibly change it but don't want to risk harming my mortgage or being rejected. Thanks
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buy to let mortages -living in own property?
Ok so my 2 siblings and I are thinking of putting all our money from trust together, as a deposit to buy a property. We are thinking of buying to let as an investment. However I would be living there with my partner and child and paying all the rent for a few years. I'm trying to find out if this would be allowed as I…
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Upcoming meeting with mortgage advisor - what to ask & take?
We have our first meeting with a MA this coming week & want to be prepared enough. Basically 2 things - 1) What to ask? 2) What to take with us? I'll deal with #2 first: The chap said we're both to bring 3 months payslips each & our P60s, a proof of address & a passport or driving licence. Should we be taking anything else…
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Applied for a mortgage...
We've recently applied for a mortgae through a broker to Skipton BS. We're still praying it's accepted and waiting for news, although signed onto my bank online and noticed a direct debit had been setup for Skipton BS (Not setup by us?) Is this something they do for all mortgages or is this an indication that it may have…
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Finding BTL remortgage and the process?
In a nutshell we own 1 BTL mortgage free, new tenant is moving in at the end of the month. We would like to remortgage (around 60% LTV) to free some equity and purchase a 2nd BTL property. What is the normal process with regards to a lender valuing the property, do they like to have somebody view the property and value it…
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Tenants in Common & Title restriction @ LR
Good evening all, I Was wondering if anyone knew how the following could have occurred ? background info first. A mortgage free property owned by person A & person B as tenants in common , a form A restriction had been placed on the title deeds to reflect a Trust deed arrangement for the splitting of the estate 50 / 50…
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First repayment on new mortgage
Hello, stupid question alert!! :eek: :D We are about to buy a house, with a mortgage from Barclays. Can anyone tell me when will the bank take the first mortgage repayment? Will it when they give us the money when we complete? Or will it be the following month? I've just been on their website and seen that they take their…
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Trying to work out the best mortgage deal for us. Help needed.
We are currently looking to get a new mortgage. We are porting our current rate over to a new property costing £180,000 and are trying our best to work out which deal is best for us. There are a few rates we are looking at a 10 year fix & a 5 year fix both are 70% LTV We are porting £59,000 at 1.45 (0.95 above BoE) and…
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Overdrafts and Mortgages
To any body who can help... I've recently cleared my overdraft of £1650.00, within the last month, and will be looking to apply for a mortgage this week; following a decision in principle received from our mortgage broker and Halifax. Will it go against us, when myself and partner apply for the mortgage, if either of us…
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Mortgage secured on another property
I currently have my own property but am looking to purchase another and was wondering if it is possible to have the new one secured on the property i currently have. Thanks
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Do you HAVE to use endowments to pay off M'gage?
Hi, My friend's parents' (64 and 67) three endowments mature this year, the last matures 19th November. Their morgage was £21k (With Barclays/Woolwich) and the latest prediction is that the endowments will be worth approximately £15k so they will owe around £6k. Paying off the £6k is not an option I'm afraid but they do…
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RTB advice please
Updated Please see post 3 Hoping to read some experiences of RTB and i thought i had seen a sticky or similar somewhere but i can't get the search to work well. Anyone point me in the right direction?
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Buy to let or not
I want to buy a bigger house, I have a basic mortgage arranged, the sale of my own house fell through. I want to rent my house out now, do I apply for a buy to let mortgage, or carry on with the basic mortgage? I don't need to rely on the rent from my property to pay the mortgage. Just thinking for tax purposes. ie to…
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Stuck on mortgage with ex. Help!
I'd love anyone's help with this, I have a mortgage with my ex, we have been separated for 5 years, (mortgage for 7 yrs, last valuation 2 years ago 65k remaining mortgage 72k) he lives in the house with his new family and i am now married to someone else. I would like to take my name off the mortgage but he cannot…
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Chances of getting a mortgage
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What % deposit for a good mortgage deal?
I know the bigger the better but what would you say is the minimum loan to value for good deals? Its all so confusing trying to use all the comparison site.
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shared ownership - stair casing
Hi all, We are currently on the housing market in our shared ownership property. We currently have a mortgage for 25% of the house and also pay rent for the other 75% of the house which is relatively cheap £190 per month. We are are currently making over payments on the 25%. Would we be better of buying another 25% of the…
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First Time Buyer - I have a poor credit rating, my partner doesn't..help!
Hi, Me and my partner are looking to get a mortgage together. Unfortunatly I have a poor credit history. I've not had any adverse payments for a couple of years now but it's still really poor. I'm in stable job with an alright job but obviously my credit rating is a huge issue. On the other hand, my partner has a good job,…
