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Mortgage for Ltd Co; Director over 70..??
We're setting up a Ltd Co to buy a commercial property that my partner and I will start a business in (cafe/shop). My Dad is funding the purchase of the site, and we want to make him a Director (largely because his involvement may help us avoid some inheritance issues in the future :( ) My partner and I will also be…
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Can you top up your deposit after taking out a mortgage
Hi all, First of all apologies if this has been asked elsewhere; I couldn't see anything via search. My question is this: can you pay off a lump sum on your mortgage within the first year or two of taking one out, and will it help lower your repayments (presuming interest rates stay the same)? Basically I have enough…
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Advice please
Hello - thanks in advance for any help you can offer x I make regular overpayments to NRAM to reduce my mortgage. This month I payed £700 - the same way I normally do using my card over the phone. There was a problem with the payment system on last Friday and I was told my payment had been taken but to phone back on Monday…
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Mortgage application declined but lender will not give reason???
I applied for a BUY TO LET mortgage with The Mortgage Works. While the offer was accepted in principle , the offer was rejected by someone at the head office is all they will tell me as their small print states they do not have to disclose their reason. My credit scoring is good and a clean credit report and fail to…
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What documents to send to mortgage provider
So, have applied for a mortgage with first direct. They asked me to send them specific documents - as we are hsbc customers they just wanted authority to access our bank statements rather than the statements themselves. However (and I did explain this on the online application form to the extent possible and also in the…
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Tenants In Common - Mortgage Advice
Hi, I'm currently in the process of applying for a mortgage with my friend. The type of mortgage we're applying for is Tenants in common where we both own 50% of the property. My first question is - If one of us dies, who is liable for the debt remaining on the mortgage? I know the ownership of 50% of the property/ debt of…
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Should I use my savings to pay off my mortgage now?
This seems like a no-brainer, but I'd like to run it by you guys unless I am missing something. I have a part repayment mortgage and an endowment policy that are due to complete in 2 years and 11 months. I also have enough savings to settle the mortgage today. Here are the numbers Endowment maturity middle estimate £24,000…
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Paying off debt V's Monthly affordability
Good evening people, After selling my property & divorcing a while back in a recession, I was left with no equity & debt. On the plus side, it's completely manageable debt, I make all my monthly payments. However, after renting for the last 2 years, I've decided I'm bored of paying someone else's mortgage & want to get…
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Help brother buy 1st house
Hi all, Some advice if I may. My younger brother is looking to buy his first home with his girlfriend. His current earnings prevent him getting a mortgage for the full amount he needs (about 20k short). My earnings are relatively high and, although my wife and I have a fairly large mortgage on our own home, I'd like to…
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On Divorce must I re-mortgage?
Self-employed started in 2009, worked my nuts off for years to finally get accepted for a joint named 3 year fixed mortgage with my wife around June 2013. 2 weeks before we were supposed to move into new home wife drops bombshell she's not moving with me. Found out reason....she was seeing somebody else and wanted to…
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first time buyer- planning --1 year ahead--consent to let?
I have been to to company's and had my mortgage approved, Subject to final valuation and payslip Now without going into to much detail, In around a years time there is the possibility i may have to apply for consent to let, maybe so id like to try and aim at the company who would more than likely grant it ( I know its not…
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Aviva - FANTASTIC
On the same day that Aviva published their spectacular company results and a 4.5% dividend hike for their shareholders I happen to see the 2014 Aviva Bonus Announcement for Endowment Policyholders. Policyholders have been awarded an unchanged regular bonus of 0.5% on previous bonuses and an unchanged 0.00% on the sum…
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looking for buy a previous HMO property for use as single dwelling
Hi there, ANY advice greatly appreciated. I am looking to buy a property that has lain empty for 2 years. It was previously used as an HMO property, and still has a valid HMO licence ( As I understand they can last for 5 years) However, the property is completely empty now, with only one kitchen ( I know that is a BIG deal…
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Mortgage Help
Can anyone give me an idea if this is possible, My credit file is pretty good, only 1 missed payment going back 2/3 years. No settled accounts but just closed one down so waiting for it to show on credit file. Have hire purchase for car, £280 a month only just taken out so approx 16k owing. Husband has some more missed…
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can anyone tell me what a CCA is on a mortgage?
i have today had a mortgage review call. (RBS) basically we have now come to the end of our fixed rates and are currently on 4.00 % standard variable. so i thought we would have a review and see if there is a good fixed rate to tie into before the rates start going up. overall balance 96,357.50 and this is how it all…
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Mortgages for houses under 100k
I have heard this could be a problem as many banks in the UK do not lend on houses under 100k. However I am looking to buy a house at low price that needs modernisation and then hopefully mortgaging it, and renting it out but am concerned this could be an issue if the house is worth less than 100k
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Newbie Mortgage advice needed
ive lived in my council home now for 16 years and im thinking about buying it.ive never done this before and would like advice about the main stuff i need to do ,Somebody is coming out to value the house to see where we stand with the price a list to do, would be great eg best mortgage provider fees etc thanks in advance.
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First time buyers help.
Hi everyone, I'm in need of some advice & would be grateful for any help. I've been living with my fiance's parents whilst we've been saving a deposit so we can buy ourselves a flat. We've just found out she's pregnant so I'd like to get the ball rolling so that we can be moved in good time for our new arrival. We've saved…
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First time house buyer mortgage dilemma
Hi Guys, Last week my girlfriend inherited a sum of money, enough for us to look at 75-80% LTV mortgages. I never really thought i'd be in a position to buy a house at my age (27) and it came as a bit of a shock! The dilemma I have is that due to some silly decisions I made in my past, my credit rating is appalling (late…
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LIFE-TIME Mortgages
Hi folks I'm aware that they are some form of equity release, but I'm asking on here as Barclays cannot help me in either Life-Time nor equity release. I'm looking at life-time as two of the options they offer would suit my circumstances Roll up Fixed repayment Question:- Has anybody got expirience on a good company…
