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Renegotiating price after survey
I'm sorry if this is already covered on here somewhere, but I have been reading on here about 2 hours and can't find my answer. We are buying a house for 200k, 180 mortgage 20k deposit 90% ltv. The survey has turned up a few things we weren't expecting. We knew that there would be a slight price readjustment as there is…
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Am I entitled to mortgage profits?
Hi, I lived in a property and paid half the mortgage with a friend for 5 years. I then move into rented accommodation when his girlfriend moved in and paid my half of the mortgage. Now that we are coming to sell the property am I entitled to half the profits still? Thanks for your help
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Help to Buy with Equity Loan
Okay so me and my partner really want to get on the property ladder. As he went self employed last month and was a contracter before then we can realistically only get a mortgage on my £21k income. In order to get a decent house on this I think our only option is a new build property using the help to buy scheme with a 20%…
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Random musing on the Maths of over-overpayment
Just thinking out loud here, please chime in. I'm allowed to overpay 10% of my mortgage a year penalty free. Let's assume I've maxed that out on Day 1 of the year. I now want to pay off an additional £10,000 There is a 4% charge for doing so. so overpaying £10,000 costs me £400 in year 1. (Or is this 4% of the 20,000?…
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Frequency of interest calculated, fix and SVR
Hello, I've started with a £28k mortgage 3 years ago, and fixed it for 3 years. The offer clearly stated that interest is calculated annually and therefore any interest reduction due to the over payment will not happen until mortgage year end (due to the size of the mortgage). The fix ended end of August and now I'm on…
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confused about mortgage
So me and partner brought a house in December. Since then i have entered a dmp and he does not know about this and can not know about it. What im confused about it when the fixed term comes up will i need a new credit check even if were staying with the same company? Its really worrying me :( please advise
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First Mortgage
Hi guys, I just wanted some advise on a mortgage. If a lender gives you a mortgage in principle, is the amount they advise, the amount you can buy a property for or can you add the deposit on top? For example if they give you a deal in principle of £100,000, can you only buy a property for that amount? Or If they give you…
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how can I calculate eligible mortgage?
Hi, we currently own two properties, one valued at approximately £250k freehold, and the other at £100k leasehold (both with no current mortgage) and I'd like to know what kind/level of mortgage we could/should be able to get? The £100k property is currently being let at £650 PCM & that will continue. We either want to…
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Panicking
Hi new to the board but have been reading unregistered for a while. I'm really panicking about our house move with regards to the mortgage. We got a final mortgage offer at the end of June with a condition that the credit card that had a balance gets paid off. That is fine we will do that. My problem is my husband has done…
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New Mortgage
The sale of are house is going through. We will have about £30,000 deposit to put down for purchasing another house at £145,000. In the last few months a few of our DD's to our bank have been late and they are refusing us a mortgage when we have been with them for over 20 years. They are not worried about the overdrafts…
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Fix for 5 years or not?
Looking at moving and getting a new morg, currently not tied in or anything, on standard 3.99% rate. Is it worth going for a fixed rate for say 5 years, rates are around 3.39 or 3.59%? or should we get a tracker, or fix for 2 years? can't remember what rates were like before all this recession hit, seem to remember 3-4%…
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Morg application - do you have to know exact amount?
About to apple for a Morg, moving home, still got a morg. We still haven't chose the exact house yet, do we have to wait for that, so we know exactly how much we need for the new mortgage before we can apply? or can we 9we have a max budget for new house), can we apply for the max that we need (well within budget), then if…
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Mortgage with Defaults - Dare to Dream
Long time Lerker, Me and my hubby are wanting to move and I'm just after a little bit of realistic advice and information with regards getting a mortgage with old defaults. The situation is as follows, Currently mortgage stands @ £57.9k house valued @ £75k Debts of £4k 3 defaults going back 3 years, 1 default going back 2…
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Estate Agent pushing to meet Mortgage Advisor
I am a first time buyer in Manchester and requested viewing through rightmove. Agent called me today and continuously pushed me to arrange appointment with Mortgage Advisor first and only then view properties. Anyone had good or bad experience? I have told them strict no at this stage as I am not sure if I would like to…
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First Time Buyer 5% deposit mortgage
Hi Everyone, Not posted here before, but I have done a lot of reading! I was after a bit of advice about getting a mortgage. My case isn't entirely straight forward and I do intend to use a broker once I am in a position to move forward, however that's probably about 6 months away. However, I didn't want to wait that 6…
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My experience as an FTB
Great info on this site & advice from experienced people is excellent. I just wanted to let any FTB's know my experience & what i have learned. 1. Check out Bank websites for a rough guide to what you could borrow. (be truthful with your outgoings). 2. Get all your information ready for either broker or bank. Pay slips,…
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Joint Mortgage -Full time permanent & Self employed
Hi Basically I wondered what the chances are of me and my partner securing a mortgage in our current situation? I have been in my permanent full time position for 7 years, my partner was in a permanent position in 2013 then in Jan went on to a temporary contract and last month began as self employed. My earnings are £20k,…
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Mortgage infomation given over phone - later contradicted
Hi all, Just wondered if I could get a little advice. We are in the process of buying a new build property. We have an existing fixed rate mortgage with Barclays Woolwich that ends December 15. There is a 3% early repayment penalty. When we were still in the "considering phase" I.E., before we'd put money down to reserve…
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Fixed term contract/Self employed
I am looking to apply for a mortgage this week but I have only just been given a contract for a job (I worked for a bank for 6 years but was made redundant whilst on Maternity leave in December - Mat leave is now up and I got a new job with another bank) but the new job (which I start on Monday) is on a 12 month contract.…
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Broker or direct with bank to port mortgage?
Hi all, I am currently with Santander on a fixed rate mortgage, have seen an independent financial advisor previously who told me that I am best to port my existing mortgage and borrow the additional from a new product in their range. If I used a broker/the EA advisor to transfer my mortgage they charge about £500, if I do…
