-
Halifax offer declined- advice please
Hi, Really desperate for some advice. Basically, I'm a first time buyer, been living with my partner for past 5 years. We have sold that house and partner has another property that is up for sale. We want to buy a new build on help to buy scheme but as partner has not sold their second house, we have applied for mortgage…
-
"Untouchable" by mainstream lenders over a "trivial" issue.
Hi Everyone :-) First post here, but I've lurked on and off for a while. I'm normally quite happy just learning and reading, however a situation has arisen which has concerned me, and I'd value some advice from more knowledgable folk. I've been in a new job for the last few months, and I love the job and the area. My plan,…
-
Parents want to retire but still have a mortgage!?
Hi, I'm new to this forum but I need some advice, so here goes.... My parents are 67 and 64 and are still both working but wanting to retire. They are hesitant to give up their incomes due to having a mortgage on their home. Their house market value is £160k and their mortgage is £58k. They have private pensions which…
-
how to work out interest?
hi, if I lost my job, and had to "go interest only" on the mortgage fro a while.. 1.do the mortgage lenders just agree/disagree or do you have to take out a new mortgage? 2. if my mortgage is 55,000 at 3.59% what would the interest only payment be monthly? thank you:)
-
How much can we borrow we a rental income from annexe?
Hi We are first time buyers, I'm originally from Australia and unaware of lending here in the UK. We have just fallen in love with a house advertised for £475k, it comes with an annexe which was previously rented for £550pm. This all done properly and legit. My question is will the mortgage lender consider this rental…
-
How much can we borrow we a rental income from annexe?
Hi We are first time buyers, I'm originally from Australia and unaware of lending here in the UK. We have just fallen in love with a house advertised for £475k, it comes with an annexe which was previously rented for £550pm. This all done properly and legit. My question is will the mortgage lender consider this rental…
-
Mortgage Shortfall Due To Negative Equity
Evening All, Has anyone sold their property when in negative equity and then ended up owing the bank the remainder? We've sold our shared ownership property, outstanding mortgage is £79k, accepted £68k so will have a shortfall of £11k. Due to my bad credit, we're struggling to get a mortgage and our current mortgage…
-
Need Advice On Selling Flat With 3 Years Left On Mortgage Please
Hi all, Just looking for someone to give me the 'right' advice please as I'm juggling maths, laws and people's opinions from similar situations here and think I just need to ask the question myself :) I plan to buy my council flat due to the discount I'll receive and its location being very popular. The mortgage will be…
-
Fixed rate ending, want BTL, but bank forcing my hand.....
Hello, I'm after some advice. I own my own home with my husband, a joint mortgaged property which we have owned for 3 years. I also own the flat I lived in prior to our house purchase, which I have owned for ten years. This is currently rented out on a consent to let basis with the bank. I had hoped to keep this as part of…
-
Shop around for best mortgage - much difference?
Hi, FTB, myself and my g/f. Scotland. Offer accepted. So we have to now organise mortgage. My g/f parent’s have convinced her we should just go with Nationwide. She’s got an ISA with them, and we’re going to use that for deposit(10% of value). Also her sister has her mortgage with them and has had a reallygood experience.…
-
Future first time buyer, a little bit worried
So here's the story, my girlfriend is currently in her last year of university, when she's finished (next June) we're going to start looking at our first place. I currently earn 15k/year but hoping to move jobs to around 19-20k/year in the next couple of months. She has an offer of full time employment (in Halfords) when…
-
Advice needed - Single Mortgage Applicant with Lodger
I have a mortgage on a property with my ex that we can't sell due to negative equity, he still loves there i have moved out. I am now with a new partner who has equity in a property that he is looking to sell. I'm wondering if (because I am already on my own mortgage) if there is any schemes where mortgage company's will…
-
Mortgage help - self employed joint application
Myself and my partner are currently in the process of buying a new build flat in west London, we have exchanged contracts but won’t complete until February 2014 at the earliest due to various delays. Originally it was just my partner who was to be named on the mortgage and she had an offer which expired last month. We have…
-
Could going into unauthorised overdraft jeopardise mortgage?
Me and my partner are FTBs, hoping to buy with the HTB scheme (mortgage guarantee). Have a DIP from London&C and they're hoping to place us with Halifax. We have a good credit record between us- only thing problematic is I've recently applied for a new credit card to balance transfer. Until I just received notice from our…
-
Remortgage Decision Time
Hello after some advise and hand holding. My current mortgage deal ends in Feb and Santander have written to say if I call before the end of Nov I could get a really good deal. I called them up and the rates quoted were better than what I was expecting, however, I have to make a decision today. I decided to call up the…
-
TSB mortgages
Hi, Been searching the forum and would really appreciate peoples views on my TSB mortgage Early Repayment Charges. I took my mortgage out 2.5 years ago with Cheltenham and Gloucester (now transferred to TSB), I have paid off £10k and the current balance today is £230k. I am looking to move house and have found a great rate…
-
Should i switch rate before making overpayment?
I have 3k saved and am wanting to make an overpayment on my mortgage, just not sure if i should move to a different tariff first. The mortgage balance is around 62k, I lived in the property initially but since moving in with my girlfriend I have been letting it out. In order to let with my current mortgage I had to pay…
-
Handing the keys back to the lender
Please help I could really do with some advise. My sister unfortunately died in early summer this year. She was very much in debt and had a debt management plan, which has been closed and most of the lenders have written advising they have closed the debt (except for a couple that have advised should there be any money in…
-
Looking for a intrest only mortgage
Hi in the new year I will be looking for a interest only mortgage, I will be looking to borrow around 100k Im aged 55 ,wheres the best place for me to look ? Thanks
-
Help please!! Buying from parent
Hi I am looking for a bit of advise. My mother is selling a buy to let property and as it has not sold on the open market has agreed to sell it to my partner and I at a heavily reduced price. We will run the property on a BTL basis. My query is.... The valuation of the property is £150k and they will sell to us for £80k (…
