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0 Hour Contract Question
Hi, Im looking to move home in the next few months, i will still be in a fixed rate deal with Woolwich. My salary will make up affordability in the most part but it would be helpful if the wife's earnings are also considerd. She only works 10 hours a week and is on a 0 hour contract, which she has been doing for 6 months.…
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Buy to let newbie - new build or older?
Hello! I am seriously considering buying a small 2 bed house as a BTL. Going to buy it on a BTL repayment mortgage & try & pay it off asap, therefore supplementing my pension later on. I am 55. There are shiney New build houses on sale which are renting out easily. But was wondering if I may be better buying an older…
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DIP with West Brom - still be rejected?
Hi all, Full application submitted today, application fee paid etc. DIP received yesterday, had to go to an underwriter to check as I missed a payment on a CC in 2012 (on a balance of £12 as I thought I had closed account!). Passed. We have deposit of 37K, over 52k income, no dependents etc. Anyway, main concern is that…
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HSBC mortgage
I have a joint mortgage with my brother. We started renting it out in January this year with the approval from the mortgage lender. While it is a joint mortgage, my brother deals with everything with the flat. He declares everything in his tax return and as I don't get any income I do not declare it. I am looking to buy a…
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Mortgage Offer Amount
Right..... The lowest house price near us is around £140k and i have just done this calculation on Santander Website for my daughter and her partner . The amounts they earn are approximate but near enough for this process , they have £30k deposit , who else has £30k ? or more ? Anyway look what Santander offered them in a…
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Thinking of applying for a mortgage
Hi Guys, Just read the free guide on here for first time buyers. Really informative but I have some outstanding questions if anyone can help. Credit Background As an late teen / early adult I was terrrible with money. I have been working hard for the last 6/7 years to rectify those mistakes. I have one last issue hanging…
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BTL with fair credit score
Hi, We are just buying a new house and raising deposit on 2 other properties we own. We are currently at stage of valuations. However, initially we had problems with one of BTL (or actually I think it is classed as LTB as we are remortgaging the property we live in) as my Experian had duplicated amounts (apparently due to…
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Kensington changing balance date from end to start of month
Hi, just by chance I talked to the Kensington last week about using the credit on my mortgage account. They informed me I may wish to keep the account in credit as the balance date was being changed to the start of the month from the end so extra interest will be accrued ( apologies if not explained entirely correctly I'm…
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Gift from Parent for Deposit
Looking for a bit of advice here. I've had an offer on a house accepted that requires a deposit of £25,000 to bring the mortgage level down to where it needs to be. I obviously need to provide proof that I have the deposit, either via savings or other means. My entire savings come to *just* over £25,000 (literally within a…
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Unauthorised access to mortgage account
Hi, I'm after some advice please...it's quite a complicated situation so bear with me! Two years ago, whilst my father was building his house, he ran into difficulty with his bridging loan and was on the brink of losing the house so my grandmother agreed to go as guarantor for him. It all went wrong as he struggled to get…
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Mortgage application declined. What next?
Hi all, just after some advice on the next steps. My mortgage application with Santander was declined today after being given a decision in principle a few weeks ago. The house is £220 with a 95% mortgage making use of help to buy phase 2. I make £38k salary and from my day job and some dividends from my internet business,…
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Nationwide save to buy account, please HELP me
Hi, I am really panicking because we are buying a house and its all going through nicely until i called nationwide about how to close my save to buy account. They are telling me I can not close my account until its 3 years old... All of our deposit is in this account and i am literally sick with worry now. Can anyone help…
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Transfer of mortgaged property?
To cut a long story short, my mum owns a house and I help her with the mortgage payments (and make some overpayments)-she is retired and only has state pension to live on. To cut another long story short, it's an interest only mortgage and she will not be able to repay the outstanding debt (35% ltv) without selling the…
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Halifax & Gifted Funds
Hi all I'm purchasing a property, which is due to complete on Tuesday. Part of my deposit originated as a gift from my parents. After supplying my conveyancers with all the relevant statements etc for money laundering regulations and a letter from my parents they assured me that everything was "fine". Contracts were…
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Mortgage in a probationary period?? Any advice please
Hi everyone, To cut a long story short we started an application through a broker with Halifax (our current providers) for a mortgage, it got turned down due to us only having 15% deposit and with it being a "conversion" (fully completed, with a 10 year premier guarantee) they want 20% - why they didn't tell us at the…
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Help on a mover morgage please.
Ok maybe moving....at last, had an offer that's below what wanted really,but may accept as really want to move. So we have 8 years left on current morg at 3.99% with Halifax, no tie in etc, I'm overpaying at moment. So what decent deals about please. Never had a different morg apart from Halifax, probably because of…
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2 year Trackers, Santander Mortgage Transfer?
I am currently considering two mortgage products from Santander: Lifetime Tracker deal which is 2.19% above the BoE base or a 2 year Tracker which is 1.49% above the base. What I don't like about the 2 year Trackers is that after 2 years they change to the standard rate which is a massive 4.74%. What if I will be stuck…
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Help required pleases
Hi there everyone, I maybe on the wrong post for this question. My dear friends husband died 5 years ago without leaving a will, she continued to pay the mortgage on the property for the next 5 years, and 3 months ago sold the property. Her solicitor said there was a charge on the property concerned of approx. £13,800 and…
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Repaying a Shared Equity Loan.
Hello! I hope this is in the right area! I need some advice regarding repaying an Equity loan on our house. We bought our new build house five years ago from Bloor. At the time they offered a shared equity scheme where we essentially borrowed 20% of the value in order to get a better interest rate (we didn't have more than…
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How much capital paid off in 5yrs ?
Hi My current repayment mortgage is 137,999 on a 5 yr fixed rate @ 3.99 %. Standard payment is £932.71 per month ( 17yr term), obviously paid more on 1st payment ( £1,249.50 ) as there was a part-interest payment due because of completion date. Is there a calculator about to work out how much capital I will have paid off…
