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Joint mortgage for self-employed and employed
Hi, I am a director of a Ltd company. The company earned around £40,000 per year and I put myself on minimum pay rate. I recently applied for a mortgage (First time buyer) and I have been told that I cannot show company's money to get mortgage so based on my income showing on SA302s I can borrow up to £75,000. I am looking…
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Nram-consent to let granted/declined?
Hello, I would be most grateful if anyone can clarify the situation I am in at the moment. I have a repayment mortgage with NRAM (£116, 000) my house is valued at £150, 000. I currently live in Australia as my job re-located there and have been granted consent to let for the last 2 years with no issues. I have recently…
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Keeping GF off mortgage?
Quick run down of our situation. Been together 6.5 years. We are 24 years old and living with our own parents respectively. Time to get a house together! We have not wanted to rent, she was living in uni accommodation for some of this time. I have suggested that as we have never lived with each other i should get a…
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Where to buy mortgage in London or Toronto?
Hi All, We are aiming to move from London to Toronto in about next 12-18 months hopefully permanently. I have been saving up some money for the deposit, and after working in Canada for a year and building some credit history we will get our dream house on mortgage in Canada. Currently we are living in a rented property in…
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Applied for halifax DIP
Just a quick one. I have applied for a DIP from halifax online. And i was expecting a decision (yes or no) immediatley. But i got an email saying Thank you for requesting a Mortgage Promise with Halifax. Your reference number is *******, please keep this safe in case you need to contact us. We'll be in contact shortly to…
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Offset mortgages still worthwhile?
I know this is a bit generic but just reviewing my mortgage - I have been on offset for ages. I know it gives good flexibility as I have available liquidity if required from drawing down on my limit. But as I have never drawn down - just thinking is the the best mortgage to go for still as other rates seem ok. Is there a…
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On a Interest Only payment scheme...
Hi everyone, when I was made redundant 5 years ago, we changed our Cheltenham & Gloucester Mortgage payment plan from a Fixed scheme to the Interest only scheme. It was our original plan to sell up and then use the profits from the sale to pay off the mortgage in full! Anyway, things didn't work out as we hoped and I was…
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Parent died, what next
Hello, I would really appreciate if anyone could point me in the right direction with this. I have been going around in researching circles, as you can imagine I'm not in the straightest frame of mind. My mother has died, leaving my dad alone in a sprawling house whose upkeep he can't keep on top of, however he is too fit…
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Hoping to Buy in the new year
Hi all, I am 25 and currently living at home with my parents. I have got £10,000 for a deposit for a house. I curently earn £19,818 a year but do get regular overtime and a yearly bonus. I am looking to buy a house for £90,000 - £100,000 next year as after looking at all the figures I can afford a mortgage of up to…
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Advice for clueless early twenties.
Hi guys. I've made this thread because I have no plan for my savings currently and this is frustrating. The reason being is because I believe that owning a house is near-impossible. I have about 10k saved and I save 500 a month. I will graduate in 2 years time and I'll hopefully land a entry level full time job. I need a…
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Halifax AIP
Hi can someone please help me :( I am about to apply for a halifax AIP. But on my experian file its showing i have a credit card that is maxed out. I have paid this off and waiting for experian to update their records on me. I understand AIP is a soft search, but does a soft search indiacte how much debt i have on that…
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use of shed for work on residental mortgage
Hello, With a residential mortgage on a house with a large garden if I wanted to build a large wooden garage / shed in order to work from would that be likely to cause problems? The house would not be modified or used for work in any way. I understand there are other issues with change of use and planning but I was…
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Is this possible ?
My house is worth 300k. I have a 50k mortgage and just over 50k in the bank. I would like to keep my existing house to rent out and borrow about 450k for a new place. We basically plan to retire back into house our family have outgrown. Income is about 65k. Could I do this ? If not how much could I borrow over 30 years on…
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Wrongly valued?
Hi I wonder if anyone can help. I'm getting a let to buy/buy to let mortgage on my flat to release the equity as a deposit on a house. Tried to sell earlier in the year at £90,000, reduced to £84,950 then got viewings at which point I took it off the market. Based on a value of £85,000 , the flat is large, south and west…
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finding a mortgage broker
So how do you go about finding a good mortgage broker? Previously we've spoken to people who work inside the estate agents but this time I'd like to source someone myself. But I want to be sure I'm speaking to someone who knows their stuff- how can someone like me with very little knowledge on these things, be sure that…
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Parents selling house because of debt
Hi Maybe this is just a chance for me to vent a bit but I just fancied posting something. Also this could be the wrong place, if so moderators please move the thread. My parents revealed to me today that they'll be selling our house. The reason for this is because for the last 10 years we've been operating at a £700 loss…
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House value to go for
Hi Just a quick question. On earnings of 35-40k what value of house should I be looking at? 2.5 times salary? Thanks in advance. FQ
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Trying to move up property ladder
Hi Everyone, We're thinking of moving and I'm wondering exactly how we can afford to. We bought our house for £160k with a £150k mortgage. Our house is probably worth max £220k (planning to get it valued in the New Year). I think we have about £138k left to pay on the mortgage. If we sold for £220k is that the maximum we…
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Laptop help please
Hi My son has a Acer Aspire E14 windows 8.1 he has tried to play a DVD on it but doesn't know how to play through windows media player. The app is on the laptop but when the puts the DVD in it says play through power media player when he opened it, it said that it needed updating which he did this seems a lot of faf. When…
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Two residential mortgages? Can it be done?
Hi, does anyone have any advice regarding having two mortgages or if it is possible? I have a mortgage with my parents on their home. I bought with them as an investment when I worked in finances. However, I now am getting married and would like my own family home. OH has a mortgage on a flat, which may or may not be sold…
