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FTB / HTB Advice Please
Hi all, New to these forums however have been reading a lot of them of the recent weeks, just wanting some advice and opinions really please. First all, thanks to all who have taking time and commented of other people situations as I have been able to relate to a lot of those. Here we go: Me and my girlfriend are looking…
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Buy-to-let mortgage advice re Auction Property
Good afternoon all, My wife and I are interested in buying a property we have seen at auction. The property is a house which has been converted in to two one bedroom flats (two separate letable units), which we would intend to rent out under two separate tenancy agreements. The solicitor we have instructed to look through…
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mortgage application with current debt
we have been told by our mortgage advisor to clear our last remaining credit card debt before applying for a mortgage. We have just under £2,000 which is on 0% cards and our total credit limit is over 10,000. If we try and clear this quickly our bank balance will look very unhealthy rather then just a bit low ...is it…
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Mortgage with defaults on file
Good afternoon everyone, looking for some advice/information please. My wife and I are keen to get a mortgage. We're entirely debt free after several years on a debt management plan. As a result of the plan I have several defaults on my file (four in total), the most recent of which is July 2011. My question is do we have…
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C&G Fun and Games
Following an endowment maturity I tried to make a large overpayment to my C&G mortgage this week. I'm in the position where the mortgage is in base rate plus and non-fixed so figured a payment of £25,000 would take me close to almost completing my mortgage - certainly on target to sort it over the next 2 years. I call C&G…
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What happens if my borrowing power is now not enough to cover exisiting mortgage?
My current mortgage deal with Nationwide is due to expire in August, however since taking out my current deal 2.5 years ago, my income has fallen plus my personal debt has increased (not by much, but a little bit - car loan for example). I am now concerned that with the new borrowing rules in place, whether I will even be…
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Accounts for the self-employed and mortgages
Hi, I was wondering if someone could help me on how they think that banks would view the following when looking to apply for a mortgage. I am a Chartered Tax Adviser and Chartered Accountant and employed by a company. Therefore, if I apply for a mortgage, the bank will simply ask to see my latest payslips. My boyfriend,…
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Re-mortgaging to buy to let
Hi, Pleased to say I have just bought my first property! Now comes the tricky bit.... My aim is to live in this property for a short length of time (perhaps 2 years) and move on to buying another house. However I fully intend on keeping my first property and renting it (£900+ per month achievable), this bit is making me…
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MSE News: Mortgage rates at historic lows – can you save?
Many people can slash £1,000's a year off their mortgage costs, so everyone should check if they can save now... Read the full story: Mortgage rates at historic lows – can you save? Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum?…
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Default query
Hi, could someone please clarify for me when a default falls off your credit report. Its always been my understanding that its 6 years from default date however mortgage broker has told us its 6 years from the date its paid. Thanks x
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NRAM Together mortgage
Hi guys Could someone please help me? I recently sold my house that was with NRAM and me and my ex partner had one of those together mortgages. When we sold our house we sold for £100k and we still owed £139k on mortgage. So when house was sold we both had £39k between us to pay back to the bank. This is fair enough but me…
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Aviva buffer
Hi I just wanted to know is this letter I received with regard to a buffer payment on my with profits endowment the same as the letters they are supposed to be sending out with regard to the historical errors. The endowment was taken out when it was Norwich Union and wondered if I will be compensated by them which is why I…
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Mortgage Application - Childcare
Hi all We are looking to apply at the end of the year and currently pay childcare vouchers of £320 (ish) per month. However my wee one is nearly 3 and come January will get 16 hours per week paid for. This along with his granny cutting work by a day and looking after him means we will have no childcare costs. My question…
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Over 60's mortgage help!!!
We are trying to move house and need to borrow a little more on our mortgage but my husband is now over 60 and when I have tried to enquire online I am refused. Any ideas?
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Swapping Energy Provider and upcoming remortgage
I would like to swap our energy provider again. We only did it a few months ago, but theres already a much cheaper option and I am not liking npower AT ALL! With us putting in a remortgage to a new lender (probably TSB) in the next few weeks, will swapping again cause any issues? Theres never been any payment issues and…
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Title Deeds remortgage
I am having a bit of bother trying to get additional borrowing on my mortgage for home improvements due to a default I got 2 years ago for £450 that I cleared immediately. I currently am the sole owner on the mortgage and title deeds etc, current mortgage of 110000 and property value of 190000 I want to borrow 15000 Anyway…
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Father selling me his house for less than value?
My father has emigrated and he wants to sell me his house for less than the current market value. It is worth around 135k but he wants to sell it for 120k to me, effectively gifting me a deposit of 15k so I can get a mortgage on the property. Is this legal and would either he or myself be subject to any financial…
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New Build Mortgage Valuation
My wife and I are first time buyers and have currently reserved a off plan new build property using help to buy which is due for completion in July and which is being valued by Nationwide/Countrywide early next week as part of their mortgage offer. The question i had is presuming the value comes back all okay - is the…
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Remortgage. Extra money for improvements
We are thinking of adding maybe 5 or 6k to our remortgage when we do it to do a few improvements to the house. We don't know exactly how much we need but not more than the 6k. Basic question, but I am struggling to work it out in my head. If we took say an extra 6k and then only needed say 4k, then overpaid what was left…
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mortgage affordability
Hi All, I need your help to decide what to do. We've a property and looking into buy a second one. current property mortgage out standing: 140K property value: 220k my family offered to give us 20k for deposit. Maximum we can borrow is £230k for the second property assuming that the current one is going to be BLT. i.e the…
