-
Buying first house whilst starting new role
Hiya, I am looking at buying my first house with my partner. She currently works for the NHS but is changing roles within it which is giving her a significant wage rise, which is what we would need to base our mortgage on to get the house we want. She starts this job tomorrow. Will we be able to apply for a mortgage based…
-
any brokers think this is possible?
I have seen a house I would like to purchase for £280,000 the estate agent has suggested £265,000 would buy it. I have a 5% deposit and could possibly go up to 10% at a stretch. I earn £60,000 a year and have no other debt's. The problem is I have a default from June 2009 for £1800. This has only just appeared on my credit…
-
Fixed rate lengths
Hello all, Long time lurker but possibly only my first post on these boards. My partner and I are in the process of buying a property for £240k, which we are looking at mortgages based on an 85% ltv ratio. Our personal thoughts would tend to lean towards a 5 year fix, being the cautious types and everyone predicting rates…
-
Save to move or pay into mortgage?
Hi all, new to the forums. Just after any advice please. Other than our mortgage we've recently become debt free (woohoo), we want to move home. Do we pay extra on our current mortgage or put it into a savings account for the costs of moving? Thanks
-
Can I get a mortgage?
Hi All, A piece of land has come on sale near to where I live. There is currently a single pair of semi-detached houses on the land in a bad state of repair. The land has outline planning permission to demolish the semi-detached houses and build 3 new pairs of semi-detached houses. I currently could never afford to build…
-
Buy to let mortgage - discharged bankrupt
This might all come to nothing, but I'd like an idea anyway. What are the chances of a discharged bankrupt (of some 11 years) getting a buy-to-let mortgage with a 50% deposit? Edit: Yep - it's come to nothing. Totally unexpected and different scenario now! Thanks anyway.
-
Impact of default on joint mortgage application?
My partner and I are first time buyers with a 5% deposit. We checked our credit files today and whilst mine was fine with a score of Excellent his was only Fair. When we looked he realised he had a default on there from five years ago for a £10 debt from o2. He didn't know about the default and didn't realise he owed them…
-
Help to buy multiples
Hi all, Just a quick question. I've read that the most you'll get for a help to buy mortgage is 4.5x your salary. However, some websites say around 4.5x. Is it possible to get more? I've seen Barclay's have a 6x in place but it isn't help to buy. Many thanks
-
Dependent?
Hi, If wife works on a 0 hour contract but cant be used for affordability, would she be classed as a dependent despite 7 months wage slips? Mortgage with Woolwich. Thanks all, stressing about this somewhat.
-
Joint Mortgage
I had a joint mortgage with my ex-husband, when we divorced he was ordered to have my name taken off the mortgage which he hasn't done. I have contacted the mortgage company myself numerous times and they have refused to take my name off the mortgage, even after I declared bankruptcy and they were named in my bankruptcy…
-
Should I fix if there's chance I'll go abroad
I currently have a lifetime tracker with HSBC at about 30% LTV. I am very tempted with the security of fixing for 5 years. The amount I pay would be very similar to now. However, there is a 50% chance that within the next 5 years, I need to go abroad for work. :j If that happens, I'd like to rent out my house. If I do…
-
How long does it take to update credit file- ie when can I apply for a mortgage?
If you get a statement dated 31st of the month (jan) then pay off a credit card in full on 1st of the next month (feb)- would the update on the credit file at the end of that month (feb) show the statement balance at the end of the previous month or the current balance at the time of the update ie zero?
-
mortgage advice
I currently live at home and have a mortgage taken out with my mum. I now want to move out of the house and buy my own flat. How likely am I to get a mortgage for the flat without my mum having to remortgage the house on her own? Thanks in advance
-
Mortgage Phases Advice
We're looking at buying a house which will cost about £150k (Worth about 400k). We want to do some renovations which will cost about £100k. We would be looking to buy the house now but wouldn't be doing the renovations for 3-4 years. What is the best way to organise the mortgage to minimise the amount we need to repay?
-
Remortgage - Joint to Single
Hi guys! I'm currently own a property jointly with my father (basically a way of getting on housing market early). Now I am looking to re-mortgage (with a different lender) in my name only. I understand that we need to make changes to the land registry, but as the existing mortgage is to be settled - do we need to go…
-
House Repossessed,no longer with partner,joint mortgage
Hi Roughly 8 years ago my partner and i had took out a joint mortgage for a property (put deposit of 25k, property was 140k which gave us a mortgage of 115k) 2 years later we split up,went to the bank to take my name off the mortgage,advised if i did that the bank would withdraw mortgage leaving my x partner homeless.At…
-
C&G Mortgage/DMP
Advice/outside opinions please! Currently in a DMP, we have an Interest only Mortgage with C&G at their old SVR of 2% above base, total amount £300k Plan is we are fed up of the DMP and other commitments so plan to sell we have around £200K equity in our house and then take on a smaller mortgage on a repayment basis. We…
-
New mortgage application when sale falls through
I hope someone can advise please. I have a mortgage offer on a property from Santander via a broker, full application and survey done and offer with solicitor. If sales fall through for any reason and we offer on a new property for the same value or less, will the whole mortgage application be started fresh e.g. new…
-
'How much can I borrow' and monthly commitments
Hi, I one day plan on becoming a first time buyer, and I am just looking online at the 'how much can I borrow' calculators banks have on their websites to get a general idea of how much they are willing to lend so I can slap the amount I have saved on top and get a rough idea of the properties that would be within my price…
-
looking at remortgaging... best to go with own bank or try first direct ?
I have a good credit rating and want to move my mortgage to clear a personal loan and reduce my outgoings. (I am on SVR with C&G at present). I have 19 years left to run. I want to fix for 10 years. The best deals are with First Direct (never banked with these) and Nationwide (I have a savings account with them that I…
