-
FTB Advice
Hi everyone So bit long winded so bear with me.. me and my fiance are thinking about buying our first home. We have lived together for 3 years in rented flat. Unfortunaltly my Nana passed away 2 years ago and my mum has sold her property and wants to give me and OH £12k for a deposit. We have seen a few houses for £90k…
-
Help to buy launch (Scotland)
So we have probely all seen the news about the scheme launching early for Scotland next week. I am in a position to purchase a property and have a 10% deposit avaliable. I have been approved for a standard 90% mortgage for this. I have now seen this scheme is launching and wondering if it is worth looking at this instead…
-
porting mortgage question
I'm with nationwide and am in the process of moving house. I did my application with Nationwide the other day and have around £119k left on that mortgage. I am looking to port the rate and borrow around 169k on my next house at around 74% LTV. On my application it shows the ported amount being 119k and the new rate as 70k.…
-
Help with Mortgage Broker
Please give me some advice. We are 1st time buyers and went to Alexander Hall for brokering the mortgage: the following has happened and we want to know if they have acted illegally/ in a way we could claim against them... 1: they advised a mortgage with a lender that took 4 months to approve the mortgage as they wanted so…
-
Help to Buy Guarantee - before you get excited
Listening to a radio phone in today it became apparent their there are numerous misconceptions about the Help to Buy mortgage guarantee scheme featured heavily in the media today. For those of you wondering if this scheme can be of help to you please note: 1. This is a different type of scheme to the H2B shared equity…
-
A mortgage without an income?
Hi everyone, I'm looking for any advice or suggestions that you can make. My situation is this: I'm a student and have recently inherited £100k. I'd like to use this as the deposit on a mortgage. The idea is that I would live in one room of the property and rent the remainder out to cover the mortgage repayments.…
-
Self employed mortgage, own accounts
Many thanks in advance for any help that you can offer... I've been self employed for the past 9 years since I started work straight out of university. I studied finance at university with a fifth of my course being accountancy and as my accounts have always been pretty simple I file my tax return myself every year. I…
-
Bad credit mortgages?
I was made redundant last year and have now found a higher paid job which requires me to move away from my current area. I've been in employment since the redundancy (a 6 month contract then a new job which I left after 2 months because I found a much better one, I can see myself staying at this new job long term). I…
-
Offset mortgage with Help to Buy
Hello, I was wondering whether using the help to buy initiative limits the type of mortgage you can take out. E.g if you use help to buy can you still get an offset mortgage, and any future savings you have can you put them into the offset mortgage account before paying towards the equity loan? Thanks in advance!
-
moving house, why would mortgage payment be so high
hi, I'm in the process of buying/selling and porting my existing rate. I currently pay £640 a month however on the example given on my mortgage application form it states that the first payment would roughly be £1000 for the first month. I am wondering why this would be as I presume the mortgage payment the month before I…
-
Am I eligible help to buy scheme on older properties.
i own a ex local authority flat that i bought from the council..it has become very small for me since i have a large family now..i was waiting for the buy to let scheme to expand to older properties it has been brought forward from january to next week... can i buy with the 5% deposit ?
-
Help to buy scheme
Hello, my husband is a first time buyer and I have a Btl mortgage. Neither of us own a residential mortgage as we both rent. I was wondering whether we would be eligible for the help to buy scheme on a property that we would both like to live in. My btl property has been on sale for over a year, it is on interest only as…
-
House Prices
Are they still overpriced ? I think so , but is there going to be a correction with all the cheap money avaialable at the moment it has falsely kept them up , in my opinion . Now the Help to buy scheme is here and likely to be around for some while the house prices are due for a correction , aren't they ? Houses in our…
-
Deleted
Deleted. But hey, if you find this, I hope your small life and petty moaning is bringing you some happiness. Thanks to everyone who has posted answer with USEFUL information.
-
Would I get a BTL Mortgage on mothers house?
I am 24, I moved back to my mothers council house 6 months ago. She has been there for 11 years and been a council tenant for at least 20 years (not in a row). She is on sickness benefits and I earn 15k a year. Am i right to think that in another 6 months I would be able to make a joint application for a RTB Mortgage? and…
-
"when finished basis"
Hi, I'm looking around at remortgaging our house. Ideally, if possible, we'd like to spend £30k on so home improvements which would raise the value of the house, but don't have £30k to spare. I was just wondering if mortgage companies still do "when finished basis"? OH earns 45k so its not like we couldn't afford the…
-
Mortgage with no proof of income but big deposit?
Hi all , I haven't really looked into this at all. Basically im self employed as i lost my job around 3 months ago , i am bringing in enough at the moment to pay the bills but dont really have any solid proof of income. Im looking for a house to buy , ive been looking at houses around 80k so nothing to extravagant, i could…
-
A bit of unusual question - mortgage on fully paid property?
Hello everyone, I am quite new to this forum, hopefully this is the right place to ask! Basically, after years of saving, my OH and I have been looking to buy a property since this summer. We have approached various banks and independent mortgage brokers, regarding how much we can borrow. We were told pretty much the same…
-
Confusion over new build mortgages
Hi there I am a FTB currently at the stage of researching house/flat prices in my local area and working out what mortgage amount would be affordable for me. I have some questions about Help to Buy, and mortgages on new builds. There is a new build development nearby (mix of flats and houses) which has flats available on…
-
Advice please - Raising capital for house improvement with offset mortgage ?
Hi all I have paid off my mortgage on my current property, so have £150k equity, i also own other properties outright which also have around £200k. I want to get a mortgage for renovations to my property and want a fully flexible offset of £50k. I also have an income of £36k plus income from rentals of around £19k. I COULD…
