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Trying to extent Mortgage due to end of 25yr term
Hi, I looking for advice, my partners mortgage comes to its end of term this December and currently she has been paying only the interest, I won't go into the realms of why as that has passed, but she is having problems with Barclays/Woolwich in extending the mortgage time and being pulled through one hoop then another.…
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Single Mortgage but joint bank account
My husband is self-employed, and in overdraft with business account and his accounts won't satisfy a mortgage. We have a joint mortgage at moment but selling the property and looking for new. The current situation won't work for a joint mortgage but my earnings are sufficient for mortgage application and funding and credit…
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New mortgage application and gambling
Hi, Just wondering, what weighting is placed on gambling under the new MMR? I do a fair bit of online gambling, maybe average out at £200-300 a month leaving my bank account. But, that doesn't mean that I lose that amount. For example I deposited £100 into my bet365 account yesterday and have already withdrawn £260 back to…
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Tenants in Common - remortgage without consent of other owner?
Can I change a mortgage from interest only to repayment without the consent of the other owner owner? We are tenants in common, and both mine and the other owners name is on the mortgage. However I am the only one who qualifies for the repayment mortgage. The other owner will not agree to change the mortgage type. Any…
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Mortgage application & dependents advice
Hi, My partner and I have been looking at sorting a mortgage to buy our first property. We were in discussions with one lovely mortgage advisor who was very helpful but as we've decided to possibly purchase a new build she was unable to help us any further. I am self employed and don't currently have a years worth of…
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what is the criteria now for mortgages..
1- how many times salary in general? 2- how long do you need to have been in the job? 3- if we are nearly 50 how many years on a mortgage 4- fell into some debt issues with my other half falling ill etc will this affect in the future? 5- do any interest only still exist? 6- and how does part interest only and part…
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Getting a second buy-to-let mortgage?
Hi all I am looking into how easy it would be to get a second BTLmortgage for a property very close to mine. Currently I have a BTL on a property I have rented out and anormal mortgage on the property I live in. The property I would like to buy I think would go for200-250k and would easily rent for £1k a month. I know LTV…
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How long is the 'longest' for a mortgage offer?
Seriously getting nowhere fast - we have sold out house back in the first week Sept - the buyers are buying it to let out to their parents. The week after we accepted the offer, we were contacted by their lenders ( well the people doing the valuation on behalf of the lender) to arrange the valuation - this was done on 22nd…
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Remortgage (additional borrowing) on maternity leave
We have a £125k tracker mortgage on a £205k house withBritannia with an 18 year term. Earlier this year we got 'permission inprinciple' for extra borrowing of £10k but didn't go through with the fullapplication due to a delay with Planning Permission. This was also before Ifound out I was pregnant. Baby is due in late…
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Mortgage Change with Secured Loan
Hi, Apologies if this answer is elsewere or obvious but I'm a newbie! I have an interest only NRAM mortgage I want to change, but I also have a secured loan. The Secured loan only has 16 years left to run so it seems silly to add it into a new Mortgage for 25 years. Can I get a new Mortgage to replace the NRAM product and…
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Are 10 Yr Mortgages the future
Evening all, I have 15 yrs of a 25 yr motgage remaining. When I took the mortgage out originally, it was around 5.49% and costing £1600 per month, a couple of years ago the fixed term ended and I am currently on the Nationwide 2.5% rate (2% above base rate) paying £1275. I'm confused as to when rates are going to increase,…
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Support For Mortgage Interest Question
Hi Everyone, I've got a question relating to SMI. basically, my mother has a house in her name, the mortgage debt has exceeded well over £50,000. She hasn't worked in 17 years due to severe mental health problems. she has regularly been receiving money from the government to help pay off some of the mortgage interest (£101…
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Ownhome/People for Places/Co-op - Help
Evening All, I'm hoping someone can help. 5 years ago we were successful in being able to purchase our first home on the Ownhome Scheme and although very stressful at the time are really happy to say we have had the keys to our house 5years tomorrow. One of the stipulations of the scheme was to have a mortgage with the…
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am I likely to be accepted?
Hi everyone... I know I won't be able to apply for at least another 6 months/1 year for a mortgage as I need more savings and want to clear outstanding loans but does this sound like I'm getting there at least? Deposit - £15,000 so far. Should be able to hit 20k if I stay with my parents another year and save. Flat price…
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Is this doable for a first time buyer with a 35k Deposit?
Salary - £22.5k Deposit - £30-35k Debts - Car Repayment £138 per month. House Price roughly £125k Mortgage - Around £95k
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Buying a house with my dad
Hi all, im new to the forum. I was recommended here by my brother as he said its a good place to get good honest info/opinions. I'm 28 and still living at home with mum and dad, I earn about 15k a year and at the beginning of the year I had a lightbulb moment where I just decided to start saving for a deposit for a…
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where to begin with mortgages (especially shared ownership and help to buy)
hi, I've recently got out of debt and started saving for a deposit, I've got a couple of thousand so far and am hoping to be able to save £800 a month as I'm living with parents. I earn £32,000 a year and Im hoping to get something through the help to buy/shared ownership schemes. I just had a few questions I have had…
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mortgage advice please
I have just bought and paid cash for another property to live in. My current house is mortgage free and I am about to let it. I would like to buy a new car by mortgaging the let property. I am 69 and would want the mortgage on an interest only basis. Can anyone advise me on this please especially who would be the best…
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Mortgage from woolwich slow
Hi Guys, I'm hoping someone can help ease my mind. We have applied the mortgage from Woolwich at 1th Oct, it running quickly at beginning, the valuation is instructed and pass at 10th Oct. But as the broker put my name wrong on the application, so we change the name and put the application in system again, after more than…
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Daft Question for a FTB
Hi, We have a full mortgage approval from Yorkshire Bank for a property up to the value of £165k after saving up a 10% deposit. We’ve seen a house which we like but it needs some work doing to it – namely replacing the existing heating system which I’ve been told is an expensive job. With us being first time buyers we…
