-
hsbc first time buyers
Help please :) We are first time buyers. We have a deposit of 20k and looking to borrow between 130-140k off hsbc, depending on property price. Decision in principle has been completed with hsbc and initial credit check. My previous credit history is squeeky clean however my other half has 3 late credit card payments from…
-
what to do
Hi I need some advice i owe 5k on my mbna card but have a house paid for worth 80k whats the best way to get money to pay off card thanks in advance Barry
-
Possible to buy a rental home?
I am a non tax payer as I don't work. As a couple myself and my husband have £50k to put on a house costing £105k. We would only want the mortgage term to be about 8 years. The question is, would I get it in my name to take advantage of the tax position or not? We are looking to buy the house in a town where currently…
-
Mortgage options
Hi everyone, I'm new on here but have seen posts and advice given and wondered if someone can help me....... I live with my partner but have a property myself which I lived in before meeting my partner. I currently rent this house out. I am looking to purchase a property for my partner and I to live in and can see two…
-
Oil Worker with let to buy query
HI guys, So the story so far - Spent 10 years (16yrs to 26yrs) in the UK Navy. Bought a house 8 years ago in Oxfordshire for £165000, with a mortgage of £145000. My pay was approx £36,000 GBP Gross Pa. I got permission to rent the house out from Natwest, got tennants in and I happily rent it out now. Mortgage is £740, rent…
-
Pensions as a repayment vehicle
Does anyone know the criteria that lenders may require? Given my age (33), I've got fairly substantial pensions savings. I'm also a (corporate & trustee) pensions consultant. I'm confident about pensions given that I advise companies about their arrangements for employees. And with the nature of our business, my…
-
House Insurance for Exchange - condition of Offer
Hi All, I did do a quick search but nothing came up. My solicitor today made me aware of special conditions in my Mortgage offer. 1, Clear HP finance & Credit card (approx 3k) - DONE :cool: 2, Buildings Insurance upon Exchange of Contracts Obvious question but do I just set up a policy in my name and send the insurance…
-
Additional pay on payslip & applying for Mortgage
Hi Just taken on extra responsibility whilst colleague is on maternity leave (1 year). Soon to remortgage. My payslip will have core salary figure, but increase will show as an additional payment. question. Will my application be based on core wage, or with both payments? Thanks
-
Gift deposit from uncle not accepted by lenders
Trying to get a mortgage and it's one thing after another. I have been gifted 75000 deposit from my aunt and uncle and no one is going to accept us as they are not blood relatives. Is there anyway around this? My partner has less than 2 years credit history..so that's against us, I just changed job so that's against us.. I…
-
Releasing equity halifax consent to let
I have a consent to let with halifax this does not have a time limit. I have been overpaying and the property has increased in value over time. So roughly I have 100k equity What I would like to do is take out as much money from the property as able does anyone have any experience or advice on this? Many thanks
-
Pay the Morgage or debits
My mortgage provider has reduced my mortgage facility from £90k to £80k. This was meant to be an offset mortgage and has been in place for the last 12 years. For the last 10 years I have paid interest only....yes I know that is not the way this type of mortgage works. The mortgage provider never complained and so I carried…
-
Sell my house to my kids?
Currently my long term girlfriend and business partner are living with her father in his house (We are both 33years old and he is in his mid 60's). This came about a few years ago. We were all but ready to move out with our house deposit in hand when suddenly I was made redundant. It wasn't the end of the world as we'd…
-
Advise on brokers advise
Just been to see a mortgage broker for advice on a mortgage. Im not sure what to think. Based on details i gave he found. 176k mortgage on a £220k property. 80% LTV Accord Mortgage 2 year fixed deal @ 2.64 = £802 a month then onto 5.99% = £1106 a month thereafter. £345 arrangment fee and free valuation.. ..thats a whopping…
-
Mortgage chance!!
I would like to get some advise as to whether myself and partner could get a mortgage. We have found a house worth 137,000 and have a deposit of 70,000. We need a mortgage for £67,000. We have a default on our credit file on an outstanding debt with a high street bank which has now been sold on several times, this debt…
-
Lost Endowment Document
In 1984 I took out an endowment policy with Co-Op Insurance. From July 1984 to November 1991 I was making substantial monthly payments. In Nov 1991 when I bought my first house for some reason, that I now cannot remember, I did not use the endowment. At this point I changed it to a low cost endowment and reduced its value…
-
consent to lease halifax
Hi I wounder if anyone can help me. My consent to lease mortgage is due to expire end of Sept. I don't want to move back into the property where do I stand? Iv had the consent to lease for the past 3yrs. Would I be able to get another from the halifax or do I have to sell the house.
-
Completion hasn't happened...
Okay so completion day was today, it hasn't happened as Halifax didn't transfer the funds. No one has any idea of why other than Halifax mentioned it's due to the MMR, why wait until completion day to say something then? That's disgusting, we're now left homeless on a bank holiday weekend with a 1 year old...thanks…
-
Getting a mortgage with defaults
So a friend has been offered a desposit by her parents but does not have the greatest credit history. Applicant 1 - 1 default (not cleared) 2.5-3 years Applicant 2 - 3 defaults (all cleared) 2 years left Combined income approx 40k, no dependents. Guarantor is available. Does anyone know would they be able to get a mortgage…
-
hsbc mortgage
Hi guys, I have read on here not to get a HSBC mortgage purely because they deal with Countrywide Conveyancing who are terrible and take an extra long time to sort things. I am about to put in an offer on a repossession which comes with a deadline of 28 days to complete. HSBC are offering the best mortgage for our needs…
-
Mortgage funds release has been confirmed - any further credit checks?
Hi all, We're due to complete on 1st September. The lender has sent my solicitor confirmation that the funds are scheduled for release on August 29th and everything has been processed. Do you think this mean that it's done and we're not one of those who gets a post-exchange/pre-completion audit? (or that we were and passed…
