-
Running a business from mortgaged property
Hi I am looking for some advice. I currently own my own property, subject to mortgage which I have had for about year now. My partner moved in with me recently, although he doesn't pay towards the mortgage and put no capital in to my deposit. He pays towards all the other outgoings - council tax, utilities, food etc. I am…
-
Halifax mortgage calculator
Good evening I'm using the "how much can I borrow" calculator on Halifax and has anyone had any experience with this. I know it's a simple calculator with a few questions but it does seem to churn out very low figures on what can be borrowed compared to other banks calculators. In fact there is a £100k difference! Does the…
-
Virgin Money Application Timescales
Hi, We are FTBs applying for a mortgage with virgin via a broker. So far: - DIP 16/1 - Full application then submitted - Valuation undertaken - 27/01 - Broker informs us that £3000 retention ordered - 3/2 - Inform broker we want to proceed - 5/2 - Inform virgin how we will cover retention shortfall - 10/2 Since then we…
-
Swift lawyers OR RMNJ
Hi Everyone, Just came across this forum and found it to be very useful. I hope someone can advice. I am looking to purchse my first property and looking for some conveyancer. At the moment i am stuck between swift lawyers and RMNJ. Can anybody please let me know if they have used them and what was there experience. If…
-
first time buyers help!!!!!!!!
Ok wanted to ask a few questions and hope you can help me? I have a full time job and a family and at the mo we are renting with is not the best, the landlord is now selling up and we are moving back in with the mother in law. i have a credit rating of about 750s some where on credit expert. i have a few phones with i have…
-
New Job probationary Period
Hi, I'm just weighing up my options here but having spoken to a mortgage advisor already I'd like a bit of feedback on our situation. Me: I'm in full time work, no probationary period, been in the company for about 4 years now, no debts and the only out goings I really have are utilities / rent / shopping etc.. The missus:…
-
Remortgaging - valuation
I'm coming towards the end of my 2-year fixed rate period. The lender has advised me that they will get a new valuation of the property when I apply to switch to another fixed deal, to work out what they can offer. I have been thinking about making some overpayments to achieve a lower LTV ratio at the point of…
-
Loft conversion, offer conditions?
We are buying the house with a loft conversion, however that loft hasn't got planning permissions nor the building regs. This is not a big issue for us as we would invest to obtain the building regs. The loft has been there for over 10 years and it looks in good condition. I have noticed on our mortgage offer, conditions…
-
Can we get a mortgage? Self employed, 1 non-citizen, but big deposit
Hi, We're ticking a lot of the 'it's complicated' criteria for getting a mortgage, so we're worried that no one will lend to us but want to see if anyone has experience in a similar situation of having a few negatives against them. Firstly my wife is not yet a UK citizen. She's got permanent residency though and hopefully…
-
moving away, new business ...what about mortgage?
Hi, we are planning to pack in our jobs, move to another part of the country and start working for ourselves. Obviously we would need cash to buy the business we want, so will still need a mortgage to get a new home. However, I am wondering how we would go about this. Presumably the mortgage company would not base…
-
How are mortgage overpayments calculated
I took out a Post Office mortgage of 111,000 in August last year. I have paid 1461.98 PCM since October instead of £540.91 PCM. Therefore I have made intentional overpayment. I have two questions: 1) I notice that my regular payment fell from 540.92 to 536.38 in November and has stayed at that level since. How could it…
-
Mortgage and D.M.P
Hi, Me and my new wife are thinking about wanting to buy a flat. My debts are £800 credit card and £900 into my overdraught. I was made redundant in 2008 and fell way behind on my then credit cards and had default after default, I got help with the C.A.B and arranged a settlement figure with both which were paid off in…
-
Switching from Interest only to repayment
Hello... Im wondering if anyone can help me please? Im planning on switching my mortgage to repayment from interest only. I have nearly 10 years of payments. I know I haven't paid off any of the capital however Im wondering if this will make a difference to my payments? Or is this just like starting from scratch with a new…
-
Shared equity mortgages??
Hi, I would really appreciate some feedback from the mortgage advisors on this board. In 2006 I bought a new build shared equity property through a housing association scheme. I don't know if these schemes are all the same, but in my case I bought for 60% of the house value and the only other payment I have to make is £250…
-
Should we go to a broker given our living situation?
Hi there, Firstly apologies if this rambles on a bit, I'm including anything I think might be relevant as I'd love to hear thoughts on whether we would need a broker in this situation. Later this year we'll be looking to move house. We realistically expect our house to sell for around £250,000 and our outstanding mortgage…
-
first time buyer, can I get a mortgage on NMW
Hi, I am looking to buy my first property and I am currently on NMW. I have savings put aside and house deposit ready. The house is £90000 and I have 10% available for the deposit. My salary is likely to increase but cannot be sure yet. I have no loans or credit cards on file. What are my options please ? Who are the best…
-
mortgage with foreign income
I'm looking for some advice please if possible. The house we have at the moment, the mortgage is in my sole name as my husband did not have indefinite leave to remain when we did it two years ago. We are hoping to buy a bigger house in around 12 months time. My husband now has indefinite leave to remain but he works for a…
-
BT from Credit Card to Current Account when Remortgaging
Hi Have searched the threads for this particular topic. I am in the remortgage process (raising additional capital too), and I have a good deal from one of my credit cards that will allow me to transfer some £ to my Current Account interest free by X date. I know using credit cards during mortgage process is always a…
-
Whats the odds?
2 bank accounts, get paid into one then transfer my pay to another. What bank statements would the lender want. I have a few umma ranged overdraft fees on the other from being a idiot. What's the chances of getting excepted now? 10% deposit? Shared ownership. No bad credit history.
-
Can anything about future interest rates be found from swap rates?
Here is a table that gives swap rates over a number of years. From it what assumptions can be made on the movement of interest rates, say,over 3, 5 and years, if any?
