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House price improvement and remortgaging
Hello! Since buying my house 5 years ago I am now in a position to remortgage as my fixed term is complete. I've done some DIY on my house, had double glazing installed (among other things) and I plan on getting a new flat roof before remortgaging. I bought my house cheap to do up and was wondering if I can remortgage…
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Remortgage advice needed please
Hi, I am due to put my property up for sale following a divorce. There will be equity of roughly £100k for me to use against another property. I want to downsize and can afford a mortgage of £150k on my salary. What is the best way to buy another property - do any of the help to buy schemes work for me or anything similar?…
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Help to Buy Mortgage
Hi All, I currently own a house with my ex partner on a joint mortgage, however my partner wants to buy me out so I will come of the mortgage. I am now looking to buy a new build house under the help to buy scheme. I earn just under 20k a year and looking at a house for around £130k-£140k using the help to buy scheme with…
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Halifax mortgage with a satisfied CCJ
Hi, I hope this is in the right place and I'll explain as best as I can. 2009 my husband found out he had a CCJ from his previous house mate not paying the council tax, he found out about this whilst trying to get a mortgage for the first time. The CCJ was satisfied and he went on to get a mortgage (43% deposit) through…
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Nationwide Mortgages
Hey All, Anyone who has had mortgages with Nationwide how long did it take for you to hear back. Our broker has said we should receive everything within 2-3 weeks!! i am far too impatient to wait that long. Just wondered if it may be quicker than that! THnaks
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Switching to interest-only: does that affect credit?
I'm currently in a position where I am struggling to pay for everything I need to each month. Thinking of various solutions, I rang Woolwich to enquire if I could temporarily switch from a repayment mortgage to interest-only. The answer that I basically received was that this would be a possibility however, it would badly…
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Buy to let
Hi all, I have a query regarding my mortgage which is a buy to let. Does anyone know if you can be a live in landlord? Thanks
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Interest only mortgage - advice needed
Hi - I am a single homeowner. I have always had an interest only mortgage currently 90k - my financial advisor, because I have no dependents, has always said "die with debt" . I have 40k equity. I also have three buy to let properties - between them they have 90k equity at current property prices. I was on a Halifax fixed…
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Help (again!)...possession orders
Dear all Everyone on here has been extremely helpful to me in the past so thank you in advance for anything you can offer me now in my current situation. I have 2 secured debts against my house, one a main mortgage & the second with First Plus is a secured loan - both debts have suspended PO in place. I thought I was able…
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First time buy help
Afternoon all, I am looking at buying my first house but I'm really struggling with understanding how much I can afford. I am looking for a 4 bed house (or 3 with room to extend) and it looks like for a house I could move into would cost from £125k upwards where as a 3 bed that could be extended would be around 100k up. I…
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Second mortgage / home owner loan
My partner and I bought our house in September 2012 with a 40% deposit and are on a decent BBR lifetime mortgage with 17.5 years left to pay. We would now like to improve our home with a new kitchen extension and as we don't quite have enough in savings to cover the cost, we are considering borrowing £20k over 5 years. Our…
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First time mortgage application issues
Hello - my first time posting on here but often read through the threads for advice... We got a mortgage in principle through Natwest, for the help to buy scheme and then the opportunity to buy our dream house then was available to us and before offer was accepted the woman advised she needed a quick sale else would lose…
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Bank of Ireland mortgage offer
I have a Bank of Ireland buy-to-let tracker mortgage (the one which had the rate hike). I'm currently on a rate of 4.99% and BoI are offering a 2yr fixed rate of 3.79% which would cost me £100 less per month. As the interest rates are low, I'm wondering if this would be a good move, however, would I be throwing a 'good'…
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Re-Mortgage Quandary.
I have a mortgage made up from three loans, two of the loans (inc. the primary loan) are currently on the Coventry BS SVR (4.74%) and the remaining one which makes up around 40% of the total mortgage balance is on a full term BOE tracker (0.99%) currently @ 1.49%. Along with many people at the moment I am seriously…
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Advice of deposit from foreign based parents
Hi Guys, This question is mainly aimed at the solicitors out there, however, please feel free to contribute. My wife and I are in the process of looking for a new property. Her parents (Russian living in Russia) would like to provide us with a significant deposit. My father in law has a property which he bought with the…
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Buy council house or continue to rent
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Negotiation on new build
We have found a slightly cheaper house and another broker has offered us a better mortgage than the other one. Is it the norm to offer less than asking price on a new build? Do builders normally negotiate on price on a new build? OH wants to offer 10% less. As anyone managed to successfully get a new build cheaper than the…
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Good credit history and help to buy
I have the opportunity to purchase the rental property i live in at a slightly reduced rate, due to the landlords savings in solicitors fees, estate agents etc I thought i could use the government help to buy scheme as i do not have a 10%LTV. I have been slightly suprised by the response. I earn over 50k a year, i have 2…
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Remortgage on a dmp in order to clear debts
HI thanks for taking the time to read... my current status is as follows: - *I am paying £560 per month to my debts on a DMP *My debt free date is April 2016 *Outstanding debts - £13,000 - one £1,300, one £1,300, one £10,400 - I have no other debts *My mortgage has just under 90k left to go *I pay £400 per month on my…
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I have one default from 2008, will this affect my chance of getting a mortgage?
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