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Mortgages for people with awful credit history
Hi - NRAM are changing our mortgage to a repayment which is doubling our payments and we can't afford them. We are considering selling our home and renting, but our home is £285K and the mortgage is £210K. However due to adverse credit history when my husband was self employed we can't get a mainstream mortgage. We don't…
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Need help please I am really worried about my mortgage offer!!!
As discussed on this thread, while I have a mortgage offer issued by Abbey, I applied for a similar product with HSBC directly. The idea was to apply for a better product in longer term as I was not made aware of any such deals by my mortgage broker I already used. After the initial underwriting stage HSBC has come back…
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Mortgage Advice
I am thinking about buying a house in the next two years. I know the ideal situation would be to wait 2 years until I have paid off all my debts and saved up a deposit. However, my long term relationship has just ended therefore I will probably end up staying in the house we are renting for £600 per month. I have looked…
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Remortgaging to consolidate debt. Fixedor Standard variable?
I'm looking to consolidate about £10000of debt within my mortgage. My current provider (TSB) will allow me to do this as an add on to my mortgage at a rate of 5.89% (£84 pcm) fixed for 2 years, while keeping my my main mortgage (£73,950) on a standard variable rate of 2.5%. This eqates to a total monthly mortgage payment…
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Renting out current house and buying another?
Hoping this isn't too stupid a question to ask, but I'm just thinking out loud at the moment. I currently own a shared ownership house (50% share) and I've been looking into our options re selling the house to buy something bigger. Having spoken to the housing association about selling, one option they suggested is renting…
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New mortgage. Where do I stand?
Hi, I wonder if someone here could make things a little clearer for me. I currently have a mortgage (not buy-to-let) on a house which I rent out. I'm looking into the possibility of getting another house to rent or sell on. If I cleared the mortgage on my current house and therefore be mortgage free, would I be able to get…
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Mortgage Advice
Hello, can I ask for some advice. I'd like to buy a house, we currently have a shared ownership property however it's not working for us and it's evident that we paid too much for it. We can borrow £125K so say Halifax using their calculator. I have debts (not so bad) on my credit card which amount to £100 per month. I…
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Can i do it?
I am currently renting a flat (sharing with one other person) in London... my current pretax salary is 40k per year and i own a property in my home town which is rented out and covers the mortgage (with income around 1k per year)... i rent it below market value but the tenant is great and i don't need to think about it.…
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Roughly how long does it take to get a mortgage decision.
I have applied for a remortgage and transfer of equity and Ideally wanted a decision before xmas. How long do these things usually take. Its with Nationwide
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Return to Job to get mortgage or get new job so house move takes longer?
Hi, I wonder if anyone can give me their thoughts on my dilemma. My current employer refused my flexible hours request (currently on maternity leave) and I have not appealed. I have to go back full time or not return. Also we (includes husband and daughter) need to move to a bigger house, (have a mortgage) which means…
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Remortgage on longer term?
Current situation House value approx £600k A&L mortgage 3.99% 5 year fix ends June 2014 Estimated mortgage remaining in June 2014 will be £100k I've been overpaying for 3 years during fix but this year it really hit home that I need to save and invest more for old age . I've seen some great tracker rates of BOE +1.5% and…
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Interest only vs Repayment mortgage
Hi, Looking at taking out a mortgage for 23 to 25 years, I realise that in the first few years of this if I take out a repayment mortgage then I will be paying mostly interest during the first few years and paying off little of the actual loan itself. Would I be better off going with an interest only mortgage for a few…
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Bit confused... is this normal?
Hi All, Looking for a bit of advice/comments I have only recently started to pay attention to my mortgages as I want to get them paid off soonest. I have a BTL mortgage which has £22173 remaining. When it started it was on a fixed rate, when this ended we went to the SVR for that bank, RBS, currently at 4%. I have been…
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Release Equity for BTL - chances??
Going to look into this further in new year and will probably seek advise but was looking for feedback to assist my pondering. My dad bought me out of my old house (gave me £40k) to allow me to move around 5 years ago as moved into a doer-upper. Mortgage on old house is tracking base + .29% so makes it a decent investment…
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mortgage secured on two properties? options?
hi, is anyone aware of a lender that can offer a mortgage which is secured against two properties? i have a leasehold flat that is virtually paid up and i would like to keep it whist also purchasing another property. it will take all my savings to end the existing mortgage and also extend the lease by 90 years (up to 162…
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solicitors fees
Hello, to these who are used to buying houses often, do the below charges sound average for a 295.000 house? its for a friend of mine, he has requested quotes for another 2 solicitors but 4 days and of the three only one has replied , and he is in a rush. thanks Legal Fee 545.00 Bank Transfer Fee 35.00 Bankruptcy (per…
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Firstbuy Remortgage Options
Hi All I am on the firstbuy scheme. I have a mortgage with the Halifax on a two year fix which is up in May 2014. Does anyone know my remortgage options when on Firstbuy? I'd be grateful for any useful advice. Thank you Gary
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Mortgages For Parents Buying For Children
Hi. I wondered if anyone could help with this: Myself and my partner are currently uncreditworthy, especially for a mortgage. My parents have offered, very kindly, to help us out by loaning us a sum of money (around 30%) as a deposit and to take out a mortgage on the remaining 70%. The money that they have and are able to…
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Personal Statement - Advice Please
Hi all We are currently in the process of securing a mortgage through a broker (as per previous post). Given my current situation they have confirmed a decision in principle and we have put an offer down on a house. To process the mortgage fully they have asked for a list of details like payslips, bank statements etc which…
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Mortgage declined due to default in credit report
My husband and I decided to take a mortgage back in Feb 2013 and we were offered by NatWest. My husband works and I don't, therefore he was applying for the mortgage alone base on his income. However the house buying chain was broken several times and now the Mortgage offer expired after 6 months. We've just applied for…
