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Paying off Help To Buy Equity Loan (Without selling the property)
Hi All, Just wondering if anyone can offer advice please. (I'm a newbie to the MSE Forums so apologies in advance if necessary :) ) I am looking into the various different ways of paying off the 20% equity loan, under the Help to Buy scheme without selling the property. The information I have been able to retrieve so far…
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Best way to clear utilise rent income
Hi MSE Friends Advice wanted please Background Info I was purchased my first property at 24 for £88k, stupidly on an IO mortgage. For the first 5 years that was all I could afford to pay and then I made some overpayments only to return to pay the IO amount so that I could save for a house. Earlier this year I used a…
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Mortgage after bankruptcy and repossession
Hi My bankruptcy has fallen off my credit report this November. (Declared 2008.) and my home was repossessed December 2008. (account end date May 2009). Huge relief, Is it entirely possible to obtain a Mortgage ever again. If so what would you recommend I'd need to purchase a house between 120-180k. I earn 60k a year and…
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Remortgage with current lender during redundancy?
I'm being made redundant. My departure date is 13th February 2015. I have two mortgage products with Santander: one deal expires next month, the other in May. Logging into my online account I can look at deals on the table, but only to replace one of the products. If I understand it correctly, I need to wait until I reach…
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New stamp duty - builder incentive
Hello, We are buying new build from Bellway and are due to exchange contracts on 8th December. One of the builder incentives we got from them was 2% paid towards stamp duty leaving 1% for us to pay. Since it was almost a month ago the amount was calculated based on old rules. Now with all the changes the total amount of…
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Not sure if can do this..
Hey! I currently have two mortgages but was looking at buying another property with a friend. I was planning on remortgaing my resdiential home to borrow an additonal 100k currently got a mortgage of 85k property is worth 400k to help pay for my half. . My friend will get a mortage for 100K for his share. Is this possible?…
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Mortgage After Reposession
Hi, I was on a joint mortgage with an ex partner and we split on good terms so I trusted him and left myself on the mortgage. I found out last year he had the property repossessed. I was contacted by the mortgage company and paid a share of the shortfall within a week. I currently have had my own mortgage on another…
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Mortgage Extension & Risk
Hi there I've been approved for a mortgage and about to exchange but wont complete till the property is built in May. The mortgage offer expires a week before the current completion date. The broker said we'll apply for an extension nearer the time but hasn't indicated the risks. Are these common and done as a matter of…
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wanting to re-mortgage
Hi guys, Looking for some info, Made few posts asking about re-mortgages but now i have all the details to hand, We're looking to remortgage our house (value confirmed at £90000 - outstanding balance £56000) for £76000 (85% LTV). I have £29000 of CC/loan debt and on raising the £20000 would pay off the debt leaving £5000…
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Nationwide - how i wish I had gone in branch versus online
Talk about stressing people out....... Nationwide made a mistake and instead of booking me in with a consultant they booked me with someone else who does not do mortgage applications and as the next available appt was end dec I decided to proceed online. They had all the papers needed. A local branch faxed them across.…
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Will a recent large one-off spend affect remortgage to another lender?
We have recently paid off all debt and now have a decent disposable income each month. However in the last couple of months we have paid for a fairly expensive holiday which has used our disposable income. I've used the credit card to book a few things (such as accommodation) and paid it off immediately so still no debt.…
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Remortgaging with YBS
Hi, I'm hoping to remortgage with YBS this summer onto a long fixed-rate deal. Has who has done this recently got experience of the amount of how inquisitive they are for existing customers compared to new ones? Slightly nervous as my wife's income has dropped since we originally got the mortgage in 2012 due to having a…
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Right to buy mortgage
hi there I was looking to see if anyone could help with some advice please? I live with my mum in our council house and we have decided to finally buy it. I work full time and have a fairly good credit score i reckon from the "checkmyfile site", with the right to buy we are entitled to 60% discount off of the value so the…
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Move to another rate?
Hi, I have had an HSBC mortgage offer in place since October. Our house purchase process is dragging on and exchange before Xmas is looking highly unlikely. Just doing a bit of nose around the mortgage rates and I notice HSBC are now offering a lower lifetime tracker rate than when we received our offer. Do you think we'll…
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Selft Employed
I just have one years books for my company. How could i calculate how much I could borrow for a btl house?
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Mortgage application has been in the final stages for weeks, will it be rejected?
Hello, I'm on my probationary period until the end of December but still found a mortgage lender that was happy to lend to people in my situation. I got my AIP towards the end of October and put an offer on a lovely little cottage that was just within my price range. Family tax credits make up part of my income, which was…
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Deeds, mortgages and fiance
As soon as I think this issue is settled, it seems to rear it's ugly head. My fiance bought a house with her brother for her family. It was done out of convenience for the family more than anything else. The brother wouldn't have been able to afford such a large (£450k) home on his own. Exchange was done a month ago. I've…
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Frustrated - Excellent Credit - No Mortgage Offer
I am so stressed, we need an interest only mortgage for the last 5 years of our mortgage, found a great fixed rate one but they refused us. Our mortgage is a third of what the house is worth, and the amount we need is less that twice our earnings, no debts and top credit score, so why are we being refused. I thought we…
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Currently on Spouse Visa.Am I Eligible For A Mortgage?
Just need to found out.I am currently on a spouse Visa and i will like to know if this will be a problem for most lenders. I spoke with lloyds about 2 years ago and was told this won't be a problem but not sure if other lenders follow the same suite.
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Mortgage?
My situation is that my husband and I have been in a Debt Arrangement Scheme (DAS Scotland) for the last three years which is now complete. What I need advice with is how long do we need to wait before having any chance of being accepted for a mortgage without extortionate interest rates? Also what percentage of a deposit…
