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Apparently we are "untouchable" to lenders
We have had a mortgage for 12 years and wanted to free up some equity for debt consolidation, bringing mortgage up to 80% LTV. We are self employed through own Ltd Co but have good contracts, 2 years+ audited accounts and have joint income of £100k PA. Went through a broker due to self employed/contractor status and have…
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Mortgage Advice on Buying and then Renting.
Hi All, Thanks firstly to anyone who reads and replies to this with some advice really will be appreciated. So here is my scenario... In about 6 months I may be moving abroad, however before then I want to buy a property and have that as some sort of investment as I would let it out. However, the problem I have is when I…
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Advice on financing a 2nd property for parent
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5 x Salary Mortgage
Hi does anyone know of a mortgage lender that will give 5 x Salary on someone earning 25k per year with a good credit rating
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How can I help my parents with their mortgage?
My Mum and Dad's mortgage ends in September 2017. They will both be 69 at the time. The bad news is it's an interest only mortgage that they took out in 2005 to pay off other debts (a lot of which their kids got them into... ahem). The outstanding balance is £155k. Their fixed rate is very low (less than 1.5% I think) with…
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One for the mortgage advisors....
Me, hubby own a small 2 bed property with a mortgage, we tried to sell for over a year and had lots of viewings but no offers. We couldn't reduce it as didn't have enough equity to take as deposit for new house. We gave up waiting and decided to rent the property out and found somewhere to rent ourselves. Since this…
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Deposit Gift From Parents
Hi, I have searched the threads for similar questions, I couldn't find any that answered my query, hence the new post. My parents have offered to gift a deposit to myself and my GF. This would be 10% of our required value (between £10k - £15k) 1: What are the issues surrounding a 'Gift' deposit? Do lenders treat them…
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Plan to Overpay mortgage - and advice
I am just wondering what people think of this 5 year plan basically, and would like to ask some advice on some points. The position is that I am moving house for the first time, scheduled to complete in a few months when my new build house is complete. So, I am buying a new build at 170k. Here comes the first problem. I…
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Consent to Let on two properties with same lender?
Hi all Currently own a property down south 50/50 with my brother, property 1. It's on a residential mortgage with nationwide, currently rented out with consent to let and has been for a number of years since we both ended up relocating. I also own a property up north with my wife, property 2, also on a nationwide…
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Almost there!
Hi Guys, Little bit of advise if possible. I am due to complete this week on chain free unoccupied house and have requested that my solicitor do a same day exchange and completion. Can anyone with a bit of experience explain the pro's and Con's of this option? Sooo many mixed reactions on the net about this but would like…
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Electoral roll
Hi, I have just moved out of my parents house into a rented property but I hoping to buy a property in the next 2 years. Im still on the electoral roll at my parents but is it best to get this changed to my new rental property? Thanks
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Will a silly mistake in breaching overdraft limit stop me getting a mortgage?
I have basically taken my eye off the ball of our personal finances over recent months due to my wife having a baby. I basically didn't think about her wages going down due to maternity leave and kept a direct debit going into a savings account and also basically didn't look at our online account for a couple of months.…
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ccj mortgages
I have an unsatisfied ccj from July 2012 and a couple of default credit cards. I plan to pay this all off in the next year or so with some inheritance. I then want to apply for a mortgage with my partner who has a perfect credit score. I have two questions: 1) who will consider me for a mortgage and will it affect my…
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Nationwide Save To Buy Anyone?
Hi today we have opened a nationwide save to buy account for homemovers (our existing mortgage is a nationwide one) I am a former bankrupt (drops off August 2016) while dh will be perfect as of april with an old fully satisfied default falling off (six years up) does having an account like this help with new mortgages Ive…
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Son and Daughter split
My son and his girl friend are splitting up and my son wants to retain the house, he earns 25k per year and the mortgage on the property is 125k, the value of the property is 140k. is there anyway that it is possible for him to afford it, or if I can use the equity in my home to stand as guarantor for the extra he requires…
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Mortgage Repayment Calculations - Have I been mis-calculated?
Hi I had a fixed rate repayment mortgage with ING for 3 years. The monthly payment was fixed (as you would expect), but the amount that my mortgage was reduced each month changed sometimes quite substantially. I thought it could be due to the number of days in the month etc...but that didn't make sense as a year on year…
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Guarantor Mortgage - Is this possible...?
My son is looking to get on to the property ladder *as soon as possible*. He currently has no credit commitments and we, his parents, would also be moving into the house that he purchases and paying rent to my son. My son is currently only earning around £15k and is looking at a house with an asking price of approx. £110k…
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Lender taking so long should I try lifetime mortgage
At the age of 65, I have found myself in the position of having to find a mortgage. I am living with family at the moment but need to find my own house. I have £115,000 deposit and have found a house at lower end of market at £143,000. I have been told Leeds will give me £28,860 over 10 years in principal and I made my…
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Mortgage question, help please!
My husband I have split up and I really need some advise please! We have sold our home (sale currently going through) as it's too big for me and my son and the mortgage payments are too expensive. The initial idea was to split all of the equity and go our own ways with renting. We were both a bit apprehensive about me…
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mortgage overpayments
Hi everyone, Im hoping for some advice! We have two mortgages a main one and an additional we took out for some building work. The main mortgage is significant but interest only at this stage, and the smaller mortgage is about a 1/6 of the size of the main mortgage but a tracker running out in Nov. The interest rate for…
