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remortgage advice
My three year fix ends in March. I am glad as the rate we are paying is quite a lot compared to some deals currently available. We are paying 4.89%. Houses prices where I live have risen significantly since I purchased my house. I paid 205k with a 10% deposit. Houses here are selling for approx 300k now. My question is…
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late payments
Ok forget my other posts. Whats chances of getting a high street lender mortgage with up to 5 late payments over 5 years ago? The rest of report since then ....all green light. No debts and in a secure job...Royal Engineers. And before it suggested I know there are brokers that can help...I would like an answer for this…
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increasing mortgage to fund extension
Hi, We are toying with the idea of borrowing funds to do an exentsion and were wondering if increasing the mortgage is the best way to go about it or if there was a better option eg secure loans etc? Bought the house nearly 4 yrs ago for £250,000 with £25,000 deposit so 90% LTV repayment mortage. When our fixed rate comes…
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mortgage advice please - mortgage with unsecured debts.
Hi folks, I am looking for some advice regarding our application. My wife and I are both 35 and looking to buy our first property together. We are currently renting to the tune of £775 a month and we both feel that this is money wasted. We have a combined income of £75K per year. We also have unsecured debts of around 25K…
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90 LTV Flat Questions
Hi guys, im looking to get a remortgage on my current property. Finance hasn't been great to me and although i did have some payment issues with CC and a CCJ in the passed these have improved and the CCJ has gone and so have my defaults. Im looking to move lender as my current cowboy lenders no loner offer a decent rate of…
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Downsizing to pay school fees - port mortgage?
Hi - We would like to keep 25 k for ourselves from September after we move house. My income will go up when we move city in the summer but my partners will stop temporarily until she finds a job. This will not be difficult but doesn't sound good to the lender i know. I wonder if my plan is doable? :- Present house worth…
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FTB query
Hello all, Apologies for length of this post. My fiancee and I are having a viewing on a property Friday. It is shared ownership and our 45% stake would be £57,200. We have a deposit of £13,500 with £1000 set aside for fees etc so far. My fiancee's credit history is shot to hell (nothing bad in last 2 years, but 4 more…
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short-term loan to pay stamp duty?
I am moving for a new job and buying a house, and my new employer is picking up the tab for my stamp duty and solicitor fees. They'll reimburse me after the fact, I believe within a few weeks. I'd like to use as much of my savings as I can for my deposit (I am a first-time buyer), is there any way I can get a short-term…
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Converting 2 flats into a family home? Advice please
Hi there, Does anyone have any experience in knocking 2 flats (up and downstairs) into a semi detached house? We currently live in an upper cottage flat (4 in the block style). Downstairs are elderly and considering moving soon...we want to get a bigger house in the same area very soon, just nothing has came on the market…
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Help needed re mortgage fraud and repossession
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DIP Query
So I've got a viewing for a property on Friday. The EA won't allow anyone to offer without a decision in principle which I can understand as they want to avoid time wasters. However would this show them the most you can borrow and possible effect negotiation over price if they see you can borrow more than your offer?
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Garden deck not included on deeds??
Hi all, Myself and my partner are currently in the process of buying our first house. This house was advertised as having a grassy back garden and a decked area at the far end of the garden. We received our home buyers report yesterday and it said that this deck had been built without permission (the property boundary on…
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First Time Buyer
Hi, As you might have seen a thread long ago, I have sold my first home and currently renting for about 1 yr (this March) My question is, If I want to buy a house what category will I fall in? First time buyer or otherwise? How will this affect my Mortgage options and the interest rates? Thanks L
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Options for buying first home
I am hoping someone out there may be able to give me some ideas/pointers on where to go. I am 36 years old, earn £29k and at the moment have savings of around £2.5k and hope to get to £5k by the middle of 2015 (looking for second job and serious money saving!). I have a £1k o/d and £2k c/c but all payments up to date and…
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Can't get a mortgage because of income to debt ratio
We have been refused a mortgage because our unsecured debt is roughly the same as my wife and I combined income. Approx £40k. We our selling our house which has a mortgage of £249k to buy a house needing a £145k mortgage. We are using the remaining equity after paying a deposit to pay off most of the debt. Nobody will lend…
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questionnaire completion date
The remortgage questionnaire requests a preferred completion date, (as soon as possible or specific date) but I have yet to exchange and so I don't know this. I'm remortgaging in order to release equity and fund the deposit on a new purchase, and the 2nd lender (for the new property) is awaiting details of this deposit…
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Mortgages and Relocating
Hi, I have a mortgage and want to sell up and move to another part of the country. I want to avoid renting but would I be considered for a mortgage based on my current salary? Or would I have to rent being that I would have to find a new job in the new area? I am a single parent with a good amount of maintenance which has…
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Seeking Advice on remortgaging - would it be possible?
Ok, I am in a state of desperation and not knowing what to do, hopefully you or someone out there can help! My partner owns a house in Dover, the tenant who was there destroyed the place and it now needs a lot of work doing to it. To add to the situation the tenant was evicted owing approx £12,000.00 in rent, with the…
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HELP! Will I be able to get a mortgage?
Hi all, My first post so a big hello to everyone. I currently have a mortgage with my ex-wife on our former family home, she is still living their with the children. I do not contribute to the mortgage at all and haven't done for over 18 months and have an indemnity policy stating I do not contribute to the mortgage nor…
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'Strange' advice from Mortgage Advisor re Interest Only Mortgages
Morning all, Just after some quick advice. We are looking to buy the house that we currently live in as we're paying the same in rent as the mortgage repayments would be and the landlord is willing to sell for a good price. It was our plan to go interest only for the first three years and use every penny we have to invest…
