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Wife is teacher on fixed term contract
Hi, Bit of a long winded one here but we have spotted a house we wish to buy, new build, 185k but we have agreed price with builder for £179k. We are paying 10% deposit! 10k in savings at mo but locked in fixed rate until November. We are FTB, no rent as living with parents after getting married in July. I am perm…
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Negative equity type mortgage muddle- What would you do?
As you can see from my signature, all of our current financial efforts are focused on our debts, but I have been pondering the future once they are put to bed and trying to figure out the best way forward. We were forced to relocate this time last year. Unfortunately several years ago we naively stretched ourselves to buy…
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Low proportion mortgage: anything special out there?
We're fortunate in being mortgage free, but we're considering a move to a place which will mean we need around a £50K mortgage to make a £470K purchase stack up. We're thinking about a ten or 12 year repayment term. Only problem is self-employed status and two very poor years of accounts followed by a good one (and…
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Mortgage for 0 hour contract.
Hi, I currently work Full time on a permenant contract whereas my other half is full time but on a 0 hour contract. So far Halifax is the only bank that will give us a mortgage interview in a joint mortgage together. Natwest will allow for me to get one in my own name but not a joint mortgage and all other lenders I have…
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Overpay only to release equity?
Hi, I am a new homeowner and although have always been told that overpayment made on your mortgage is beneficial. However, I am intending to extend the house in a few years time and will remortgage in order to do so. Therefore, my question is, is it worth overpaying now, when I intend to release it all and take myself back…
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Recommend a mortgage broker?
I hope I'm allowed to ask this as I realise there are lots of mortgage advisors on the forum and they aren't allowed to tout for business. I was hoping someone could recommend a mortgage broker in North Wales (Llandudno area?). My wife is self employed with just 1 years accounts at present (2 years due at end of October)…
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Moving, porting mortgage, PhD
Hi everyone, I am being asked to move location for work, we currently have a mortgage on our home with Nationwide and it has 3 years left to run before reverting to the SVR. Obviously we'd like to port the mortgage over to our new home (as we should be able to keep our 75% loan to value ratio without too much worry). At…
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Mortgage Affordability test for first buyers
i am in the process of being a first buyer but i haven't applied for a mortgage yet. When you apply for a mortgage, i understand that now an affordability test must be passed as the lenders want to see that you are able to pay off the mortgage and make a living. i am buying by my own but i have a girlfriend who will move…
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Possible issues acquiring mortgage to buy 50% share
I currently own a 50% portion of a property I purchased earlier this year with a friend as an investment. He owns the other 50% and we were both cash buyers so no mortgage, in which we completely refurbished the place and now complete. The property in question was purchased for £250k (£125k cash from each) and now valued…
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Can I be included as a second applicant on a mortgage as a supply teacher?
My husband is in full time paid employment and we have a decent deposit from the sale of a property we already own. When speaking to lenders we have based the mortgage on his salary, however one has said including me as an 'unemployed' applicant will affect our application. This is frustrating as I am not unemployed and my…
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Bit of a strange situation, help needed please
Hi everyone! I was wondering if someone can help.... Me and my husband have been living in a mortgaged property for 6 years, just recently my m-i-l passed away and with selling her property we have been able to purchase another property with the majority of the purchase price being paid cash, we have a small mortgage on…
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What's it cost to remortgage?
Hi, looking for help on what costs or fees are payable on remortgaging. My daughter is a first time buyer and is looking for a mortgage of £81K on a £135K flat. We are helping her with the deposit so that she can get a 60% LTV mortgage. We identified two good 2 year fixes by talking to L & C brokers (like Martin told us…
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Do I stand a chance
In 2008 I separated and divorced. Long story but due to a poor credit record there was no hope of us being able to seperate the financial stuff as we had bad mortgage arrears with both our first ( GE )and second mortgage ( Kensington). It was agreed that as the ex wasn't working myself and our 2 daughters would stay in the…
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Loan or Further Advance on Mortgage question
We need to carry out substantial repairs and reroof to a single storey extension at a cost of approx £20,000. Went into Halifax today and their Business manager suggested we would be better off applying for a personal loan as opposed to a further advance on our mortgage which is also with them as it would be quicker. If we…
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northern rock nram baffled...
Just looking for advice.. i purchased my house in 2005 for £54.000 with a fixed term from northern rock , fixed for 3 years.. Refixed it in 2008 for a further 5 years , it went veritable in 2013 as i was out of work due to having children and it had moved to nram who refused to fix it . Im paying more now currently paying…
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deposit for BTL investment
Is it legal to use loan/creditcard BT to pay a deposit on a buy to let mortgage?
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Mortgage to buy a house with a cash relative
My husband and I are first time buyers, and we are looking to get a mortgage to buy a property with my mother, who will be able to provide a fair percentage of the property price cash while we hope to get a mortgage for a third of the property price (We will all be living together - annexe situation etc). We sought…
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Getting a Mortgage with Bad Credit
If you are looking for a home or are considering refinancing the one you are already into consolidate debt or get some cash out for home improvement but believe you may be unable to because you have bad credit, you may want to reconsider. The mortgage industry is a very competitive one and there are literally hundreds of…
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Help to Buy Mortgage Late Payments on Credit Cards
Hi – I am hoping someone can help me, we wish to purchase ahelp to buy new build my husband has a clear credit record but I have 4 instancesof a late payment on a credit card in 2013 the last being Dec 2013. Put it on adirect debit now so should not be late in future. When will I be able to applyfor a mortgage will I have…
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build up a credit rating as a student?!?!
hello there!! if anybody could help it would be fantastic! I'm a 22 year old first year student at university and I'm starting to think ahead to the future. I will be definitely hoping to move out of my parents house at the end of the course (2017) and into a nice shiny house with my partner. However, obviously as a…
