-
Can I get a mortgage if I'm receiving Housing Benefit
Hi guys, I am new here and have a question regarding getting a mortgage. We are currently receiving a Housing Benefit - it's not much anyway and just got some money from our parents for a deposit to buy a home. I know, obviously that Housing Benefit is not available for home owners, but my problem is different... I am…
-
Buying my 1st house / mortgage
Right guys, Basically for the past 2 years I have been renting a house with my sister. So dead money basically. We now have to move out as the landlady is selling the house. I am going to move in with my friend paying half the rent I was paying. This will mean I can save. My question is regarding me getting a mortgage and…
-
Nationwide & HTB: How long does it take solicitor to call off funds
Our developer wants us to exchange tomorrow and complete this Friday. How quickly will Nationwide and Help to Buy provide funds to my solicitor for new build property?
-
Electoral Roll and FTB mortgages
We are FTB's and already have a decision in principle. However I am a little concerned about my OH's electoral roll status. We only realised over summer that he wasn't on the electoral roll at his parents house. He has been present on the electoral roll at this address since August. However his family home has now been…
-
interest only mortgages
I suppose this problem is going to occur a lot more times, My parents interest free mortgage needs repaying in 4 years time when they reach 65, They are not in a position to repay the £180k owed(value of property £250k). They accept that the house must be sold. My question as a family of three siblings,all gainfully…
-
Re mortgage with Charging Order???
Hi Guys, I had a disagreement with Water board some years ago which ended with them getting a charging order on my property, although this has never gone any further I understand what this means basically that if and when I sell they will get their £2,500 out of proceeds. I currently owe 25K on my existing mortgage and…
-
Arrangement to pay marker
Hi all Looking at moving home, however after checking credit reports, an account I have has AR marked against it up until 6 months ago, it's now all green. I am still paying the account. Rest of report is all green etc Will this have an adverse effect on applying for mortgage? 10% deposit to out down Cheers
-
Mortgage Advice please
Hi :hello: In May I bought a house with my boyfriend. Due to his poor credit rating the mortgage has soley been taken out in my name and so the house is also in my name alone. We got a great deal because we had a good deposit due to an inheritance (this is what made it possible for me to get mortgage alone) .... anyway the…
-
NW 5yr Fix 3.65% or Halifax 2yr Fix 2.99% ???
So we are buying a new build with Redrow in December, ready to move in June 2014. We are using the HTB scheme; 5% deposit, 20% equity loan so we mortgage 75%. The best 2 mortgages we can find (and the mortgage adviser) is Natwest's 5 year fix @ 3.65% then SVR 4% or the Halifax's 2 year fix @ 2.99% then SVR 3.99%.. Now…
-
Halifax mortgage - limited online account access
Am I the only one still on the old Halifax system where you can only see limited information? I can only see the current mortgage balance amount, mortgage type (repayment), and mortgage term (no of years). Thank you!
-
Moving multiple times before buying?
We've had to move house (renting) several times in the last 3 years and we're currently saving for a deposit in the hopes of buying within the next 6-12 months Would all this moving affect the chances of getting a mortgage? All were for completely valid reasons: 1st time was relocation for a job - 6 months 2nd time - 1st…
-
Bank Charge and Mortgage Application
We have received a decision in principle for a mortgage through our broker, affordability etc is all coming out ok. We have sold our house and are yet to find somewhere to buy but when we do I have a few concerns about the full mortgage application and having to supply three month's worth of bank statements... My husband…
-
Are there any 95% mortgages? Up to £150000 house
eBay happens to the value of a mortage if the property is listed as £150000 but you make an offer and its accepted? What about that government scheme for non new builds? I think it's a new one. Any thoughts? Any help appreciated as would be first mortgage and first house
-
Repayment strategy - help please....
Hi, I have 2 mortgages and £80k to put towards paying them off. Mortgage 1 with £154K outstanding is based on Libor + 1.99 at 2.5% Mortgage 2 with £173K outstanding is based on base rate + 1.95 at 2.4% Which one should I pay off? Maybe the one with the highest interest rate. But maybe Libor is likely to go up more than…
-
What kind of interest rate would topple you?
I have 21 years left to repay £170,000 and my payments are £1060 a month, about 5.1% until January 2016. Interest rates are at a historic low. If bank rates went up to a more normal 5% then I'd probably be paying about 8% which would see me paying about £1350 a month, which would be a hammering, but I could cope. At 10%…
-
Mortgage Advice Please
My wife and I are in our early 50's (still young at heart)!* Both working with a joint net income of £8K per month * We have combined savings of £100K * Both have solid work pensions. * We have sold two houses and have a deposit pot of £650K * Looking to downsize and buy new house at circa £750K Give our age and aspiration…
-
Waiting for valuation, shall i pay for searches?
I am waiting for natwest to book in my valuation, which has taken a while tbh, I am waiting for legal and general to book the actual time slot. To stop keeping the solicitor waiting would it be okay to pay the solicitor the upfront fee to allow them to start working? Or should I wait?
-
Mortgage deal ends Jan14 - when to apply
Our current deal ends 28th Jan 2014. I feel that previously we got a stinking deal via a mortgage broker or perhaps it was simply our own fault at accepting it, or even the best deal for us at the time. My husband and i bought our first house together in 2000, I already had a smallish mortgage and it had been renewed in…
-
Buying Parents House
Hi, Has anyone been down this road what is the process if a house has been paid off and the son or daughter wants to own the house after his/her parents have passed away? Thanks.
-
Please Close
Thanks for the replies to my questions, Our circumstances have changed slightly, hence request to close the thread.
