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Non UK resident mortgage
Hi there, I am a teacher and I work abroad for half the year...hence, though I have a UK address and live here for part of the year, I am not a 'UK resident for tax purposes.' I own a house (unencumbered) which I want to rent out. I would like to get a residential mortgage for a property that will become my primary…
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Buy now or in 5 years?
Looking for advice on if best to buy now or save money and buy later? Present house is mortgage free, but not worth much, maybe 70k. Will be renting this house out (£500pcm) when we move. Looking to buy house at around 180k. At present saving 1k a month, but could possibly up this. Our joint income is 55k. So, it seems I…
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Credit check means no mortgage
Hi all I'm stuck in a ridiculous situation which I can't quite believe. My wife and I have have applied for a mortgage but have been refused because she 'missed' a payment on her credit card in June. But she didn't miss a payment. She carried out a balance transfer and cleared the card. However, after this had happened a…
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Furniture as part of the mortgage?
Morning all. My offer on a house was accepted yesterday and after a discussion with the seller, she is willing to sell the furniture and all appliances with the house. The issue I have is that the estate agent is saying that the furniture has to be added to the price of the property as it is illegal to buy the furniture…
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Help required
Hi guys after some advice please. We are looking at relocating but want to keep our current homes and buy our next property at the same time. Whats the best way to make this achievable. House we wish to buy is £240k We have £24k in savings (10%) We own an house valued at £100k with £50k still to pay on current Mortgage…
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Mortgage broker woes
I've had a terrible experience with mortgage brokers to get a FTB mortgage! One I made an appointment with did't bother to turn IP. However it is the second one I have concerns about. I spoke to him on the phone and told him our circumstances (I have a default from Feb 2011) and he said that isn't a problem for a lender…
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4 possible mortgage providers - any tips?
I'm thinking of moving house and there are 4 providers with similar mortgage offers - HSBC, Halifax, Nationwide and the Post Office. Ideally, I'm seeking (recent-ish) experience of ease of the approval process, speed etc of the above 4 providers...
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New mortgage - Default!
Hello one and all, My wife and I are looking to get a mortgage and unfortunately were declined today by HSBC. Our situation is as follows... House value - £237,000 Deposit - £48,000 LTV - 79% My wife has a fantastic credit history, an overdraft sitting at -£1300 and a credit card with £3000 limit but nothing on it. I have…
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Post Office Mortgage - Be Careful!
We just completed a post office mortgage and now passed onto the hands of a bank of Ireland UK. Post office have no involvement now. So we have a fixed term 3.2% for 5 years and allowed to make up to 10% of capital amount in overpayments per year...great just like other banks. The problem started when we made a large…
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Equity Release
Looking for a bit of advice on equity release I am named as a third person on my parents mortgage and they are thinking of doing equity release. My parents are aged 67 & 69 and wondering if they could still go through with this even though I am on the mortgage, I'm 40yrs old. The building society we are with have not been…
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Remortgage deal
Hi, my current 5 year fix with co-op finishes around sep 25. Current balance outstanding is about 76000 on initial 120,000 house I bought. If I drop another £7k on mortgage co-op will offer me a deal about 3.39 on 5 year fix.(LTV will be under 60%) with a product fee about £999. Looking around legal and general have a deal…
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Fees taken - Need advice please
Hi, Wondered if anyone could please advise, we have applied for a mortgage with the Dudley building soceity and have been given a AIP. Due to my bad credit it went through a packager. The valuation fees have been debited (Thurs), the application was sent Tues. So is this all going through ok? Or would they take fees…
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Arrangement to pay affecting mortgage application
Hi everyone, I do apologise as this is the first time on here (even though I have read lots of good and useful information on here before) and this might seem like a very obviously stupid question. Firstly, my partner and I are just in the process of buying the house we live in off her parents. We have been to a mortgage…
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Using first house as collateral on second
Please bear with me as this situation is a bit complicated. I am lucky enough to have been left a house on the south coast. I live and work in London and rent a flat there, so the south coast house is let out. Ideally I would like to buy somewhere nearer where I live. I have a deposit of about £25,000 but I only earn…
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Mortgage concern
Hi all, Brand new to the site but hoping someone can help me. I'm soon to renew my fixed term mortgage and want to get another fixed term. My question is can my lender (Halifax) say no to this (I'm presuming they can as my bank statements don't make for great reading for June and July), if they do say no what happens? I…
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mortgage advice needed
I'm after some mortgage advice for a family member. Sorry its a long one. He is on a low income so that's the reason for the small amount of mortgage. He has no debts. He has money from the sale of his last house. He applied for a mortgage with Virgin Money. All went well, including the affordability questions. They did a…
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Have I been mis-sold a mortgage and due compensation?
Hi all, I had an unsolicited call on my moby telling me I might have been mis-sold a mortgage in the past. I know not to engage these people in conversation, but has anyone got any experience of investigating it for themselves? Is there legislation that says I could be due compensation in the same way as PPI? KarenSt
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Experience of post ofice mortgages
Hi Does anyone have any experience of post office mortgages? ie speed etc. I have been told by the estate agent if I do not have the surveyor in by end of sept it is going to auction.
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Ill health retirement with a mortgage
I'm looking at a potential ill health retirement and still have a few years left to pay my mortgage. I live alone and am in my 40's. Does anyone have any useful information or advice. Am seriously concerned as to how I will manage etc.
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Mortgage after RTW travel - advice?!
My boyfriend and I are due to take a career break and travel around the world for 7 months from March 2015. Upon return, we hope to buy a house together, but want advice on how to properly prepare to be in the best position for mortgage applications. So - I have a few questions, but I'm struggling to find answers online!…
