-
FTB please help me quickly with my maths
Hi, Can someone help me with my maths? Which one is better financially, or are they exactly the same? 2yrs fixed at 5.19% with £995 fee OR 2yrs fixed at 5.59% with no fee ? :) Thanks in advance!
-
Halifax mortgage application - recent experiences?
Hello Newbie here! Sorry, I am going to ask a question that's no doubt been asked many times before but I am having a lot of sleepless nights and guess I just sort of need some reassurance! I'm a FTB, put in an offer on a flat, been given an AIP by the Halifax, and the valuation was carried out on Monday. The mortgage is…
-
Downsizing house on Debt Management Plan
message now deleted.
-
Is switching mortgages tax deductable when letting?
Hi All, Quick question. I am letting a property that has a residential mortgage. Nationwide knows and has given me 'consent to let' with an interest rate hike in December. There are cheaper deals in the buy-to-let mortgage range and i am switching to a but-to-let mortgage. My question is; In the same way that the costs of…
-
Documentary evidence of my maximum mortgage capacity
I’m currently going through a divorce one of the many things I’ve been asked to provide is documentary evidence of my maximum mortgage capacity. Obviously I can use online calculator etc but just wondered if someone could recommend something? I need to ensure it considers my outgoings (including maintenance payments to the…
-
Have you recieved your Woolwich mortgage statement yet?
Our mortgage is with Woolwich and statement due September time. Last year ours arrived the first week of October, but this year there hasn't been any sign of it at all yet. There's no hurry for it, but I'm just wondering if it may have gone astray or if others are still waiting for theirs?
-
Mortgage Acceptance
Hi, i'm looking into a mortgage on a house we've seen and like. i've been accepted in prinicple around a year ago for a mortgage of 63,500 while i had a bank loan. I've recently taken out a new loan to pay off the old leaving me with £2500 extra but only £20 per month and 6 months extra. I have no other debt and as far as…
-
Advice on "Right to buy"
Has anyone had any experience of the Right to Buy scheme? I live at home with my mum. She is a Housing Association tenant and has been for 30-odd years. In the next 2 years she's going to be looking at applying for a pensioners bungalow, which means I'm gonna have to find somewhere to live myself as the tenancy agreement…
-
Period of employment
I'll be starting a new job soon (just been made redundant) and was wondering how long a lender likes to see that you've been with the employer before they accept you? Or does it not really matter? Of course there will be a probationary period so once I'm out of that would i be safe? Hard luck as I was with my current…
-
Worrying about the US defaulting and its effect on mortgage rates
I'll be applying for a mortgage tomorrow and opting for a 5 year fix. Question is, at what point in the process am I immune from them increasing the rate or taking the mortgage off the market? I'm worried that if the unthinkable happens in the USA on Thursday then the best deals may be withdrawn as the world finance system…
-
Help To Buy Scheme Understanding
Hi, I've been looking into this scheme (Both to be honest) and just need some help understanding it a bit further. We are first time buyers and we have 16K Deposit so far, the problem we have is that fair enough the scheme does 5 years interest free and you have to pay interest on the 6th year. * What ways can you…
-
Changing jobs before applying for mortgage
Does changing jobs before a mortgage application will lower chances to get a mortgage? I've been in continuos employment for over 2 years but looking for a change. Or is it best to continue in my current role and change it after my mortgage has gone through?
-
Help to Buy Scheme - would this work for me?
Hi all, I've been looking at the Help to Buy Schemes newly available and wonder if there is much of a chance that i could use this to help me in my particular situation........ Following divorce the family home has been transferred into my sole name (Land Registry Deeds). Problem is, my ex-husband is still on the mortgage…
-
Overpay main mortgage or get a BTL?
Hello, Apologies if the question sounds dumb. Here is my situation: I currently have a mortgage on my property, with around 50% equity and a 2.99% rate. I have some spare cash, enough for a 25% deposit for a BTL. Now I can't seem to be able to do the math... Is it better for me to keep overpaying my current mortgage in the…
-
'Adverse credit history', FTB
Hello, I am in the Army and have recently been on tour, so able to save for a deposit for my first property. I arranged a mortgage consultation with Santander as a starting point, but they were unable to offer me a mortgage. My deposit was fine, my affordability 'excellent' and my 'account behaviour' good, but I had…
-
Mortgage help
Apologies for sounding dense.... We're at the end of our 2year fixed rate Northern rock/virgin mortgage deal....are we classed as 'remortgaging' now? We could just stay with virgin and take on one of their deals.... Or obviously move to another provider....how does the 'predicting the value' of your home work? Does the…
-
Job offer whilst in middle of mortgage transaction
Hi I am currently in a position where an offer has been made on a property. It has been accepted, mortgage arranged and awaiting a valuation/home buyers from lender which should happen in the next week or so. I am currently employed and have just been given a new opprtunity at another work place with my old boss who is the…
-
Is There Life After A Default
Okay, so I have battled for the past 3 weeks to try and get said default removed from my credit file, but to no avail. I now admit defeat and yes, it was my own silly fault for cancelling a direct debit too early with Orange which resulted in £40 default. I would really like some serious advice if there is anyone out there…
-
Mortgage retention
Hi, I was originally offered a mortgage on a house for £104,850.00 (85% LTV, we're paying £123k for the house) but with a retention of £2767.00. We agreed with the seller that they would cover £1900 of the repairs and we pay the rest. The work comprises damp work (approx £1500) and two separate things with the roof (approx…
-
1st mortgage payment
Hi We are finally completing on our house purchase tomorrow. :j Our mortgage is Halifax and we have requested our payment dates for the 1st of the month. Does anyone know when this will be? Will our 1st payment be on 1st Nov or 1st Dec? I know the 1st payment is always more than normal and I am sure Halifax will confirm to…
