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Renovation Valuation
My partner bought a house in 2012 which was advertised at £170k. Due to it being in a bad state of repair he secured a price of £140k and undertook a full renovation. For remortgaging he'd like to know what it's now worth. It's a village situated cottage so there aren't similar properties on a street to give an indication…
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Best Offset Mortgage Deals?
Ive been wanting to re-mortgage to an offset mortgage(due to spare cash and crap isa rates) and was looking at the best rate 5 year fixes or the best rate trackers. Can anyone beat coventry building society offsets? 5 year fix at 2.89% Lifetime tracker at 1.99% These seem extremely good rates, am I missing something? Does…
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Which mortgage? Buy to let or standard?
I wonder if anyone can help me, I have a house worth 170k with a 115k mortgage on it. I am currently renting the property out as I have moved house due to work. I am living with family in another part of the country and am going to be saving for the next 2 years to allow me to buy another house and keep the original house…
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Looking for high LTV on BTL
A friend of mine needs to extract some equity from a house thats currently on Consent to Let so they can fund buying a new place. They are happy to convert it to a BTL mortgage. They need to get 80-85% LTV on it. I've tracked down two lenders Kent Reliance (85%LTV) and Aldermore (80%LTV) Do any brokers have any experience…
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Joint Mortgage, 1 Partner with Bad Credit
HI, Me & my partner are currently saving up and plan on applying for a mortgage in 2016 I have a salary of £45k and my partner earns £28k. However I have a bad credit history with two defaults totaling £4547 the latest default date was on 31/01/2012 those defaults took place when I was naive and in University without a…
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FTB - broker or not?
I'm a FTB (age 39) and looking at applying for a mortgage. On paper I think I'm pretty good: steady long-term job, no dependents, clean credit history. I have a deposit of £77,500 and am looking to purchase a property for up to £240,000. Salary approx £39,000. I have no loans and my 2 credit cards have a combined limit of…
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Help to buy question...
Hi, Have been looking at the help to by scheme as a possible way of buying our next property in a couple of years ( apparently scheme is being rolled out to 2020??) What happens is we have more than a 5% deposit to put down. Does that make us ineligible? For example, If we see a house for £250K but we have 50K to put down…
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How much should a bridging loan cost?
Everybody says 'bridging loans are very expensive'. I've just received an offer for a £70,000 bridging loan and not sure what are valid and fair costs versus ones which are not. Costs before offer provided: - Independent Financial Adviser - £500 - Application fee for Mortgage Packager - £395 - Valuation of house - £400…
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Mortgage Advice for Over 75's
My Mother will be 75 this year and has a interest only mortgage which has to be repaid this year . When the mortgage was first set up the plan was to have downsized by the time my Mother turned 75 . However this has not yet happened due to my Father's death , but it is still the plan in the next 2 years . A possible move…
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Help to buy - equity loan new build
Is the lending criteria particularly strict with this ? Son has 10% deposit. Wife has a few late payments no worse than 1 ' s over 18 months. Both in good jobs . Thanks in advance
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Income Multiple Question
Out of interest, is anyone aware of any lenders who would be willing to lend between 7.5 and 8 x combined income, or is it as unrealistic as I perceive? Thanks in advance.
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New BTL mortgage required - Money laundering!
Hi I recently bought another property. Due to complexities of the vendor (was on shared ownership) I didn't go down the mortgage route to fund it. It was funded by borrowing funds on my existing mortgage, savings and borrowing from family. I now (on paper) own this property outright, and to pay back the borrowing to family…
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Questioning our broker-commercial mortgage 5yrs 11 months post bankruptcy
We have a mortgage broker as we have a bankruptcy (from our sole trader business) from feb 2009. I'm just getting a few alarm bells. 1) the 2nd tier lender he's found for us is demanding a 40% deposit where he thought he'd be able to find us a deal with a 25-35% deposit 2) he's charging 4% 3) plus an application fee of…
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Does my partner have to supply bank statements/wage slips
Tried googling this but cant find it anywhere. I am applying for a mortgage in my name only. (Sole) my partner lives with me but wont be on the mortgage as she has adverse credit. She has been helping me with the deposit. Even though she will not be applying with me, does she still have to prove bank statements and wage…
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Mortgage Appointment
So tomorrow I have my first ever mortgage appointment. I have all the documents they have asked for: 3 months pay slips Bank statement showing my last salary going in. Last 3 months bank statements to show that I have an overdraft but don't use it. Credit card statements. (Only unsecured debt) Savings account statements to…
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Switching deals and ERCs
Background: My partner and I purchased our first house almost 2 years ago for 194k, taking an 80% LTV mortgage (£155k). The fixed period for the mortgage ends 31 Aug 2015, and we are projected to owe ~£144k on the mortgage at the end of the term. Since buying the property we have used our savings to do up the house, and…
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Free independent mortgage advisors...
Free independent mortgage advisors...is there such a thing, and can anyone tell me how to find a decent one in my area. I have already booked a telephone call with independent-financial-advisor dot com, but mortgages were not among the financial topics listed on their form.
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Remortgage possible? self employed previous self cert
Hi all New to forum was just after a bit of advice if anyone had experience of remortgaging following self cert mortgage and chances of getting another mortgage. Me and my husband have owned 3 properties we ported our mortgage to our current property 7 1/2 years ago on a self cert mortgage with Santander (then the Abbey).…
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Remortgage MMR and various current accounts
Hello, we are looking to remortgage shortly as we are coming to the end of a 2yr fix with YBS. Our finances are fairly simple, low outgoings and high income & equity, but one thing worries me and that is that we use 4 current accounts for budgeting. 1. Is my husbands - his wages go in and his CSA payment comes out, he a…
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Sorry - Another Mortgage Question With Debt
Hi, hopefully someone can help with some advice. We are currently 34k in debt which is unsecured, a combination of loan and cards. Our mortgage is at the moment interest only and are desperate to get on to repayment. Our mortgage is £175k with the property value £240k (going on prices similar sold for). We earn £50k…
