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Help needed!
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Is a loan from parents possible?
We are first time buyers in London and have a great opportunity to buy the flat we currently rent, at a decent price below market value. Here's our position: We could buy the flat at £315,000, but to reasonably afford the repayments we would need to get an 85% mortgage. We have £38,000 for a deposit (with additional…
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Buying house with elderly parents
DH and I are considering buying a house with an annexe where his parents could live. They are in their 80s, currently own a flat that has a market value of about £150k. We'll need to increase our borrowing by £50 - £75k but would prefer not to have a joint mortgage so that there are no issues when they are no longer…
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Time mortgage leaves your credit report
Hi all, I am due to sell my flat hopefully this month. But as I plan to then remortgage my current house, they will look at my credit report. Question: How long will it take for Halifax to remove the mortgage from my credit report so it shows as £0? Thanks in advance.
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Woolwich retention products.
Im thinking of jumping ship (again) and moving from my woolwich 2.69 tracker (out of the tie in now). Their best 5 year fix was 2.88% with £499 fee.(loyalty mortgage, £999 fee for standard) However on the woolwich intermediaries website there is a product list of mortgages and I have a question.…
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Further borrowing on new house refused - anyone successful at an appeal?
Hello all, we had our mortgage approved in principle but due to my other half going overdrawn once, yes once, they have declined our application now. we are fuming and want to appeal the decision. has anyone been in the same boat? won an appeal? can we appeal? thanks in advance for any help / tips. Niners
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Help to buy part 2
Hi there I'm after some advice please We are in the process of buying and selling a house We got a dip of Leeds for a 95% mortgage but until we made the offer and paid sol fees we were told the dip was for a 85% Ltv Anyway moving on When the htb mortgages were announced 3 months early we was over the moon Currently having…
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Buying a new home and keeping existing flat to rent
We are a couple who are looking to buy a new property but keep our existing two bedroom flat. I own our existing flat on my own although it is very close to being in negative equity so there is little value in selling it. The property does also have good rental value which does offset the cost of the mortgage. Our joint…
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Self Employed & Proof of Income
Hello everyone, I've searched the forum but can't find a specific answer to what I need. I've been self employed for 2.5yrs, I've submitted one self assessment and have the second one coming up this Dec/Jan. My partner and I are looking to buy a home, he is employed and everything is simple for him. I haven't had an…
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Help To Buy Scheme
Hello I am moving house soon and im thinking about using the Help To Buy Scheme. Ive seen a few new flats and I did go and see one of there developers so called independent whole of the market mortgage advisers, he was more likes a sales man really very annoying. Am I right in thinking I shouldent trust these advsors which…
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Advice needed on a mortgage changeover
Hi I'm new to the forum and have a bit of a tricky mortgage situation and I wondered if anyone may have any advice or if they have experienced a similar thing? My mother (who is in her 70s) has split from her partner. They have a joint mortgage. Her partner wants a payout but my mother doesn't have cash to pay him. She…
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Guarantor - disclose to own mortgage co?
I have a quick question I am hoping someone can help me with. I currently am looking to buy a property with my partner. I also have a mortgage on another property which is on the market but may take some time to sell. My brother is hoping to get a mortgage but would need me to be his guarantor. If I agreed to be his…
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Warning to those getting a mortgage for new build with first direct
We have just been through a mortgage application with first direct and wanted to advise others what we were only told by them the day before we were due to exchange(!!!!) If you are buying a new build (as we are) and if the developer is paying the stamp duty (as they are in our case) then FD see this as an incentive (fine)…
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Leeds Building Society Proof of occupancy
I currently have an application with leeds and they require Proof of occupancy for 2011 from an old address which I have no letters bills etc as even though I owned the house in 2011 I didn't move in until Jan 2012. I have already provided bills from Jan 2012. How important is this as it is the last thing they are…
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Consent to Let - Birmingham Midshires
Hi, im just wondering if anyone has got consent to let from Birmingham Midshires? I have a very small flat which is in negative equity. I want to rent somewhere bigger with my partner and start a family. Does anyone think they would refuse consent on these grounds? The rental income of the flat would cover my monthly…
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Would I be able to get a mortgage? 19, no credit rating.
Hi, I'm 19 and looking to invest in a property. I don't have a credit rating, but do have a deposit of £10,000, a monthly in come 1200 after tax (permanent office job) and no loans or debts. I've found a property worth 70000 that looks like a good investment but would I be able to get a mortgage even if I don't have a…
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First Time Buyer Mortgage Advice
Hello, Myself and my partner are looking to buy our first house, I am looking at 5 year fixed mortgages with a 75% LTV (house price £175000, deposit £43750) on a 25 year term. We have been renting a house since the end of March 13', we have only just got round to getting put on the electroll roll and have been put on from…
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Increasing our share of shared ownership property
I completed on my shared ownership house about 15 months ago and I am now starting to think about what's going to happen when my 2 year fixed mortgage comes to an end. When the fixed rate ends, I would like to add my wife's name to the mortgage and would like to increase the share that we own. Will we need to raise another…
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Mortgage advice other half self employed
Hi all, Just a wee bit of advice please, re mortgages We are looking at moving house in the not to distant future My earnings from 2 jobs at last p60 was 35400 my main job salary is 29200, I also worked for another company and earnings were 6200. However since April I now work on a self employed basis on my 2nd job,…
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Do we need to declare deposit funding...?
We are currently waiting for our mortgage to be approved, so I am in the process of going through solicitor forms, putting deposit into 1 account etc. Me, my girlfriend and her parents are all contibuting to the deposit. We are going to be putting it all into a new joint account this week ready for the transaction in a…
