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Will my debt levels make it impossible to get a mortgage?
Hi, I have circa 40k cash for a deposit following my house sale 6 months ago. My wife and I are in rented accommodation for a short period. I have a basic salary of 58k and my wife has a basic of 31k. Looking for a mortgage of around 280k on a 320k purchase (about 88% lTV) I have credit card balances of 14.5k and an…
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Valuer Cannot Divulge Valuation
I just called the company that conducted my valuation to ask how it had come back - they then told me they cannot divulge this information and it has been sent electronically to the mortgage provider. Is this standard practice beings as I have paid (through the mortgage company) for the survey? Thanks for looking.
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Right to buy mortgage and equity release
My mum (primary tenant) have been granted the right to buy our council house at a 100k discount. We would then need to get a mortgage of another 120k to purchase the property. I thought this would have been straight-forward but because my mum is 60, the maximum mortgage term most lenders will give me is 5 years (some might…
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Results of survey - Advice
First time poster - We have just had the results of our survey back and it looks like the whole roof will need replacing. I understand that we can negotiate on the price but we don't have the savings to cover a full roof re-fit and the savings in stamp duty won't cover it. My question is, will the mortgage company give us…
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Natwest Intention to Lend - Poor Credit
Hi I am in need of some advice. I have a "Poor" Experian credit rating due to missed payments (over 18 months old) and 2 x low value (<£300) defaults on my credit file which are 3 years old. However I have enquired about a mortgage with Natwest (my current account provider) and have received an Intention to Lend for my…
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Mortgage refused due to house insurance
Hi we have just bought a house for £300000 and applied for a mortgage for £80000 through Nationwide. Nationwide granted the mortgage but when our solicitor applied for release of funds they refused. Their reason being is because we did not take out house insurance from the same company the previous owner used !:mad: even…
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overpaying mortgage
Hi am after some advise please our current mortgage is 50% repayment and 50% i/o, we want to overpay £2000 every 6 months which we are able to do with our mortgage but do I ask it to overpay repayment side or i/o? which would reduce the mortgage quicker or would it make no difference?
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Mortgage with a Guarantor ... Help
Hello all, Roughly 6 years ago I bought a house with my now ex-wife. Her parents are guarantors. The house has been rented out but is currently vacant. I am in the process of getting a new tenant. Recently she has been threatening me with walking away from the house, leaving me to pay it. She is in a position whereby she…
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How To Get The Best 5% deposit First time buyer deals?
Hi guys, wondering if we can share any ideas in regards to getting the best deal having a 5% deposit? Found out Clydesdale and Yorkshire Banks have 4.89% on 3 years fixed. Has anyone used them before and is there any catch i should be aware off. If you can share the best deal available here, that will be nice.
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I've got a mortgage. When my partner moves in, should she pay?
NB: This question was sent in by a MoneySaver and featured in this week's email. This week's MoneySaver who wants advice asks... I own my place - though I've got a mortgage - and my partner is moving in. We are not married and I've no idea what the fair thing to do is regarding contributing towards living expenses. Should…
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Mortgage. Switching and paying off a chunk
I have two morgages with fixed rates coming to an end at around the same time next year. I plan to sell the property that I have been renting out at that time. Would I be better to wait untill I receive the money from that sale before switching the offset mortgage on my main property as I plan to pay a chunk off.
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Changing address while buying a house
I am currently living in rented accommodation and in the process of buying a house. I already received a mortgage offer from the bank, but I am currently renegotiating the price due to the survey. The vendor is taking his time, is considering doing some works for me, and there is a possibility that before the exchange of…
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Considering a 10 Year fix - Thoughts?
My wife and I are remortgaging at the moment. Our property has recently been valued at £135K and we are remortgaging for 65K and have 15 years remaining. There are a few 10 year fixes available at the moment and I am tempted. The ERC are high but we are 41 and 37 years old, 3 kids added an extension a few years back and…
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How much deposit?
Hi, Me and my partner are thinking of selling and moving in the next year or 2. Our current home is worth roughly £100,000 - it's highly likely that we won't earn anything on the property because it's value has lowered over the past few years - thankfully we're not in negative equity! Our new home is going to be in a more…
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Stamp duty on transfer to wife of 10% interest in property??
Hi All, I've done a long trawl through this website and on google for answers to my query. Conflicting articles and not convinced the lawyers involved in my case are correct as they are not tax specialists. I originally posted this on the house buying section by mistake. Facts: - I own long leasehold property in London in…
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Bounced DD with Nationwide
Hi, I am a bit panicking atm. My DD (due on the 1st of the month) for a Nationwide Mortgage has been bounced because for some reason Halifax did not process a standing order. I have realised this and quickly made a manual payment tonight before sorting out things properly. I still haven't spoken with Nationwide mortgages…
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Any way out of early repayment fines??
Hello everyone.. Looking for some advice re early repayment fines.. We are currently locked into a 5 year fixed mortgage deal at 4.79% until 2018. However..we are wanting to move home to a bigger property but don't want to increase out monthly mortgage payments. We have been offered a deal of the full amount we want to…
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Advice re mortgage please?
Hi, I own a house with a substantial amount of equity in it which has a mortgage on it. I have put a deposit on a new build which is due to be completed in Feb/March 2015. I am going to put my existing house up for sale in the next two weeks, however if it hasn't sold by the time I need to complete the sale on the new…
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looking for a commercial mortgage
We are looking at buying a small guest house and are trying to find out how much we need as a deposit? The guest house is up for £280k
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Help desperately needed from any mortgage advisors on here...
Hi all.... I'm in such a state tonight so any advice would be greatly appreciated. We are in a housing chain of our sellers (moving into rented), us, our buyers and her buyers who are moving out of rented. To put it mildly the buyers solicitor at the bottom of the chain has been absolutely rubbish. All solicitors had…
