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FTB Do we stand a chance?
Hi everybody! I am new to this site so please bear with me. Basically, me and my partner are wanting to buy a house we have fallen in love with at 95% LTV. We are FTB on a combined salary of £50k. We have no debt, apart from a PCH on a car which is £150 a month. No defaults, no dependents etc, credit scores are both…
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Selling one house, keep other and buy together? Help!!
I'm in need of some advice just to find out what is the best option available to me and my boyfriend. I own a house currently rented out and has 100,000 equity Boyfriend owns house about 95,000 equity and we want to sell this one and buy a house together and keep mine rented. He earns 36,000 I earn 26,000 In order for us…
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FTB needing advice
Hi all, A little bit of a complex case. Pls bear with me. In march my OH and I had a Dip completed. We found a house and only had a small ish deposit so went for the H2B scheme. I have a default on my credit file(comes of 06/2015) so our Broker went with Leeds as they would take all our joint monies into consideration. All…
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Council grant means 'charge' on property - will this effect remortgaging?
I've been accepted for a grant from the council to redo my sofits and facias. As I understand it a charge will be put on the property and if/when I sell it their money is recuperated then. Question is I'm due to remortgage at the end of August (hoping to switch to a better deal). Should I be better waiting till this is…
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Overpaying Mortgage
I currently have a part repayment and part interest only mortgage. I want to overpay by approximately £300 per month and the bank asked me do I want to pay it against the repayment part or the interest only part of my mortgage. Does anyone have any idea what I should do? Thanks
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Dilemma
Had two offers on house yesterday by two completely different sets of buyers, here is situation: Buyer 1 a cash buyer offered and is in a position to move quickly, yet we have not found anywhere yet and have ERC up until 31st august which we want to avoid Buyer 2 a FTB, with 50% deposit though has just qualified as a…
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Late catalogue payments effect on applying for mortgage?!
Firstly I'm a first time poster so please forgive me if I'm posting in wrong forum etc! I've finally found myself in a position financially to increase our mortgage, ie have paid off credit card,overdraft and two catalogue balances I just have a small amount on a loan left to pay! Now here's the problem, having never…
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FTB - how important are past addresses when applying?
Hi, Single FTB with some advice needed. I'm going to be applying for a mortgage in September and I'd like to know how important accuracy regarding past addresses will be when applying. Here's why I'm asking. Since deciding I wanted to buy a place rather than rent, I moved back to my parents nearly three years ago. In fact,…
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Business mileage claims as income?
Hi, I work for the NHS and have to travel regularly to deliver training as part of my role. For this I claim business miles every month. Looking back over my last 12 months payslips, this has totaled approx 3k gross. Will mortgage lenders typically accept this as income? Particularly interested in Nationwide and Halifax…
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DIP for Help to buy equity
Hi could someone please let me know the process of applying to find out wether or not we would be accepted for a help to buy equity mortgage? Is it the same as a standard mortgage? If we can't get htb equity then we won't be buying a newbuild as we don't have the 20% deposit needed and will have to look at an older cheaper…
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Financial associate credit search
Hi all Currently going through a mortgage app with halifax, got the dip, passed affordability according to broker. Now this app is in my name only for a couple of reasons, but I am financially associated with my partner by means of a joint account. Now my question is would a credit search on my partner have any effect on…
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New Mortgage Deal
Hi all, Looking for a spot of advice on signing up to a new mortgage deal. I've currently got a tracker with YBS so I'm keen to get onto a fixed rate deal before any rate hikes occur. I'm currently looking at two options.... 1. YBS have offered to switch me onto a 2 year fixed at 2.79%. Staying with YBS would obviously…
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Mortgage Advice - Buy to Let
Hello Friends, I have a house, value around 90K. (Original Purchase 106k) I moved to Australia 5 years ago and rented my house out to a friend and now im back in the UK and do not want to live there again. This means I need to get a proper buy to let mortgage and get myself sorted financially. My mortgage value is now: 70K…
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Buy-to-let / buy mortgage advise
I'm looking for some advise about whether the following proposition would be possible from a lending prospective. My partner and I both have our own mortgaged properties (with 25% equity). We are considering buying a house together and would prefer to keep both our current properties switching them to a buy-to-let…
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Mortgage approved - change of property?
Looking for some advice please.... We applied for a mortgage with RBS via an IFA/broker after getting a DIP. This was rejected because of 1. my internet bank statements showing my current overdraft limit for all 3 months, not what it currently is (I've been reducing it) so it looked like I was over my limit and 2) my…
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Remortgage advice
Hi, I need to get a remortgage for £150k. I have looked at all the different ones on offer and am now totally confused! It is to buy my ex out of a house that is currently mortgage free. Any advice would be much appreciated.
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A little advice please? First time buyer
First post, so, Hi! My girlfriend and I are planning for the future, and have been discussing purchasing our first home. We are both quite young (22), and have been together for 4.5 years. We are not planning on moving until January 2016, but would like some early advice just to make set a goal for ourselves. I have had a…
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HELP! Should I ditch my fix?
I'm trying to confirm that it is a good idea to switch mortgages early and pay the ERC as the calculator suggests I should but I want to make sure I'm not missing something. My current deal has 2 years to run and my remaining balance is £216500. The rate is 6.09%. If I wait until 1st September then my ERC becomes 2% of the…
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mortgage and bad credit
hi i have a query about looking a mortgage. i am looking a house which is £175,000 and have a deposit of £20,000, therefore £155,000 mortgage. however i have three settled defaults which were settled in may 2014, although when i need the mortgage they will be 11months settled. they were for o2, argos and danske bank and…
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Mortgage payments increase
We are planning on moving within two years. The plan is that we will be moving from a circa 150k house to more like 425k. To do this we will be using the small amount of equity in our house (will probably be around 30k at the time) and providing the rest from our own savings leaving a mortgage required of around £300,000.…
