-
First Time Buyer - Few questions before seeing broker/bank
Hi, I was hoping for a bit of advice, firstly on whether it is worth seeing a broker in my situation: * First time buyer with £27,000 of own money with potential for £30-40k gifted from parents * Currently have an outstanding 0% 4 year £7,000 loan (4 months in, 32 remaining). * Salary of £20,000 - due to go up next June…
-
A husbands dilemma
In a nutshell our home is in my name and I want to do the right thing and put my wifes name on the deeds. But I think my wife is waitng for this to happen and then start a divorce. and from http://www.terry.co.uk/men_div.html It looks like id lose the kids and house which we have both built up over 25 years. My dilemma is…
-
Advice on Remortgaging Please!!!
Hi We are currently on a variable rate with HSBC. We would like to move our mortgage to a more competitive fixed rate. The problem is, is that when we took our mortgage out 7.5 years ago, it was in both names and joint mortgage. The house deeds have both our names on. Fast forward to present day, we have two children and I…
-
Mortgage Advice
I'm currently earning £20800 pa, I've had a bad history with debt but that all clear on my credit file in July 2015. I'm wanting my own place but I have no savings as yet and no idea how much I need to save. Any advise would be great
-
Underwriter Conditions
Hey, I was just looking a bit of advice, my wife and I are applying for a mortgage and we got approval in principal but It was with the underwriters for 3 weeks or more. They came back last week and asked us to clear 2 debts amounting to around £1500, which we did right away! My question is, would they do this if they…
-
Should I transfer personal loan to credit card before applying for mortgage?
Hi, I will be applying to remortgage in April with my partner and currently have 2.5k outstanding on a Zopa loan which was used to finance a car purchase. I cleared my £800 overdraft with the MBNA platinum card which will be paid off before we apply for the mortgage but was wondering would it be beneficial to pay off the…
-
New mortgage application with cc debt
I'm looking for some mortgage application advice as I'm a first time buyer and a bit clueless. We currently live in a flat owned by my husband with about 50k left on the mortgage (it's worth about 3 times this so would have a good deposit). We want to sell the flat and buy a house together, we've kept separate finances up…
-
nationwide mortgage with underwriters
Hi all.... any advice will be appreciated. My DIP was £280000 but offer atm is only £230000 SO my mortgage advisor has asked for the case to reviewed by the underwriters. .... she is not happy with such a low figure!!! As we need atleast £275000 to move on! Why would the offer be so much lower than DIP? Also can…
-
Vicars and mortgages!
Hi I was wondering if anyone could kindly point my husband and myself in the right direction? We have quite an unusual situation but I hope we're not the only people to experience anything like this! We are very fortunate to live in a house tied to my husband's job as a church minister. However obviously that will only be…
-
Mortgage and change in career
First time poster, so please be gentle! I find myself in somewhat of a sticky situation. Im a first time buyer with 3 dependents i'm married and in a business partnership. Im going self employed and a partner is dissolving the company (moving abroad). Like anything the timing couldnt be worse, i know my income will stay…
-
short term rental belfast or within surrounding area??
Hi Has anyone any experience or advice of where to get a short term rental somewhere in Belfast or surrounding area. We are currently sale agreed, probably complete all being well in January. As our house has fell through 3 times, worried about signing a contract , until we know is definitely going ahead. We are hoping to…
-
Mining search reveals problem
The mining search on the property i am buying has revealed a claim has been made for subsidence within 50 metres, my solicitor says this has to be notified to the lender and it may effect the insurance. Obviously I am a little concerned... Does anyone happen to know anything on this matter and able to offer…
-
getting deeds back from lender
I paid my mortgage of on 4th December .I have received a letter confirming this . When or how do I get the deeds back .The lender was woolwich .
-
90% LTV Mortgage on new build - first time buyers
Hi there, Can anyone give me any recommendations on lenders that offer a 90% LTV Mortgage on new build houses? My wife and I will be first time buyers. Thanks for any advice in advance. :)
-
Second mortgage deposit %
All, I currently own a bungalow that me and my wife are living in. Only my name is on the mortgage. It is valued at £105k and currently have a £60k mortgage on it. We are struggling to shift it so have saved up a 10% deposit for the house we want (£170k) and informed the sellers we can proceed without selling current…
-
monthly payment doubled because of Mortgage Arrears
After my mum died I fell into arrears on my mortgage. I would get the monthly arrears letter at a cost of £35 telling me how much were my arrears and what my next payment would be. One month I noticed that the mortgage payment on my monthly arrears letter had nearly doubled. My head not being in the right place I paid what…
-
who takes tax credits into account?
hi does anyone know which lenders might accept tax credits as part of the mortgage repayments please? i have already got a mortgage but the rates are quite high and trying to change to a different provider is becoming impossible because of the strict rules relating to tax credits as a form of income. regards kezzy
-
Mortgage aged 73 and 69?
My parents are aged 73 and 69, and have just bought a new house with cash for £450,000. They would like to re-mortgage for about £50,000 in order to put a small extension on the house. Do they have a chance at getting a mortgage at their age? Their joint pension income is around £26,000 and they have savings of £40,000.…
-
Should I be worried.
We are looking to exchange/complete towards the end of next week. Mortgage 1 150k for new property Mortgage 2 70k re-mortgage BTL from my property to provide deposit. Since I had the official mortgage offer I had to top up my existing loan by 2k to cover structural survey costs etc and works on property two raised by…
-
Mortgage offer declined. Meant to be exchanging this week. Is that it then?
We are in a chain of 4 households all wishing to exchange this week and move after Christmas. The whole process has been going on for months. Our mortgage arrangements have been so frustrating with me having to chase up every couple of days that things are being done, never being able to talk to the same person twice,…
