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Over 50, short term mortgage
As the kids have (almost) flown the nest, my partner and I are thinking about downsizing. The problem we have is in the area we want to down size to, you pretty much have to be a cash buyer and we don't want to sell our existing house first and then start the process of hunting around. I am 51 and my partner is 59, we are…
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Buying second home - keep the first one or not!
So - we have a property (Prop 1)which currently, after a long period of negative equity, has just started breaking even with a interest only mortgage. But at the same time has considerably increased in value. It is too small to live in though with our now much larger family, so it is rented out. We need to buy a family…
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Mortgage valuation issue
Hi folks, Hoping you can help me with my issue. We're in the middle of remortgaging. We've just had the valuation come back at £118k, when we estimated £135k. Total shock and would like to know if there's any point/if I can challenge this. I bought the house 3.5 years ago for £110k when it was a repossession & a complete…
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Odd u-turn when getting a Halifax mortgage promise
Hi all My partner and I are first time buyers and have just been in to the Halifax to get one of their mortgage promises. My income is 48K, my partner's is 28K. We have one baby daughter (hence the need for a bigger home!). My partner has a 6K loan outstanding that will be paid off in 2 years. I have no debt at all. We…
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Mortgage advice on buy-to-let
found a flat in Kent but it got only 67 years lease left, can i do BUY-TO-LET mortgage? i can put 25% deposit Thanks for your help.
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First time buyer, HSBC cancel application at underwriters?
Hello everyone, I'm new tithe forum part of this site but looking for support and advice. I am in the process of buying my first property. Brief outline of me: I'm a full time permanent Teacher on £27715 pa. I am a single applicant with 1 daughter. I am looking to purchase a property valued at £126,500. I have a 10%…
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Declined Share2buy for 2011 missed payments - advice please!
Hi All Hopefully someone on here will be able to help. I'm not seeking a silver bullet to my problems, but a bit of advice would be great. Essentially i'm looking to get a share to buy mortgage and my first step on the ladder. the value of the share was 51k, with a 10k deposit taken off that (total value for share 61k for…
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First Time Buyer with 25k deposit and a default on account
Hi guys iv been reading a lot on here over the years so helpfull I signed up to get a few questions specifically answered if you could help me in any way would be great. Finally settled 2 Default on my account 1 was 1.5k and 1 was 7k and some change both was with NatWest and i always kept a payment plan with them but was…
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Mortgage
Hi I really need your help! iam profoundly deaf use british sign language my English is second language, so I hope you can understand my writing!? I have £85,000 interest on mortgage.my house worth about £220,000 And I have £24,000 investment for the mortgage. I really wanted to change my mortagage into repayment but I…
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I've just switched to a 5 year fix, 2.48% £999 fee heres why...
I've been on a 2.39% lifetime tracker for a while, +1.89% above base. The recent new batch of 5 years fixes which appeared in January look very attractive... ( http://www.thisismoney.co.uk/money/mortgageshome/article-1687576/What-mortgage-rates.html ) ...albeit with high fee's, £999-£1500. I used the fantastic Karls…
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Payday loans
Hi just need someones advice. Im applying with nationwide HTB equity loan mortagage Does anyone no what they are like with payday loans. I had a few in 2011/2012. Other than that, no debt, been with same employer for ten years, saved own deposit, on electorol, no defaults or ccjs. 1 missed payment in 2013 though. Oris this…
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Remortgage options?
Hi I wonder whether anyone can advise me on likely mortgage availability. I have a shared ownership flat, owning 40% (current value £72k, up 20% in past year), mortgage remaining £51500k - I only moved in 15 months ago and was a FTB. However due to loans and credit cards and all my overheads, despite keeping up to date I…
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Very nervous FTB!!
Hi all, Just wanted some thoughts on the likelihood of my mortgage application being accepted... (I know no one has a crystal ball though :) ) I had an offer accepted on a property on Wednesday for £119950. I'm a FTB. Been in same permanent full time employment since June 2010. I earn £23708 basic, plus an extra £948 per…
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Mortgage for private landlord
Hi Today I went to Halifax in attempt to get a fixed rate for two years for my property which my tenants currently live at the moment. They could not offer me any fixed rate mortgage product. I will have a SVR mortgage from my existing bank next month. Now I am trying to find alternative bank that can offer me a fixed…
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AIP but advisor checking rates? confused..
I'm a FTB and have just had an offer accepted on a property. My financial advisor told me i had an AIP (around 2 weeks ago). Now i'm ready to proceed they have kept me waiting a couple of days while they 'check rates' and draw up some quotes. I'm a bit confused since i thought i already had this with the original AIP and…
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settled CCJ mortgage
hey been searching and searching for advice on mortgages with settled CCJ's but can't find anything on new build mortgages etc which is what i need 4 years of been skint finally coming to an end nearly after a really misspent youth debt wise, all defaults have gone everything is green exept a cci which is 3 years old in…
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Mortgage Rinse and repeat tactics
Hi All, I have finally got into property this year and being 24 it wasn't easy. My goal is to have a sizable portfolio by the time i am 30 ish :) Now the first house i brought was in February 2014 i brought this using a residential mortgage for £55,000. 6 months later i refinanced this house for £95,000 on a 75% LTV as a…
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Mortgage with company car
Hi All, Just (hopefully) a quick one. I have a company car with taxable benefit in kind of about £7k, so my tax statement shows my total taxable salary of around £7k more than I actually receive in my salary. Do mortgage companies look at you total earnings with this included? With out it? Or worse yet do they take away…
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Nationwide Porting
My wife and I are at the very early stages of planning a house move, more planning anything at the moment more than anything, but I find it useful to know what the options are before we get too far down the road and then can't move or something like that.. I do have a hypothetical question, which of course is subject to…
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BTL Evidence required
Hi guys, looking at a few BTL T&C's most just ask for last 3 payslips and P60, is this because they don't really take into account your income? All you need is the rent to cover 125% of the mortgage payments? Residential mortgages usually ask for 3 months bank statements also? I guess obviously you need to be earning also…
