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Shared Ownership Sale Help!
Currently looking to sell my shared ownership property - I have been made to believe since I bought my 30% share that if I ever wanted to sell, I would let the housing association know and they would tell me whether they want to buy my share back. Back in November, I told the housing association that I wanted to sell and…
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Mortgage Application (1) Permanent (1) Fixed Term Contract
Hi, I'm wondering if any of you have experience of lenders who will provide a mortgage in the following situation?; Applicant (1) - in a permanent job for the past 3 1/2 years. low twenty thousands salary Applicant (2) - currently self employed turning a profit in the low teens. Planning to move in the next few weeks on to…
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DIP Accepted with Nationwide - Questions
Hi Everyone, myself and my GF were both delighted (and shocked) that both Halifax and NW came back with pass marks, we now have a DIP with NW. My Financial Advisor has said that NW are usually good in that they don't reverse their decisions unless they have good reason, so not including any unforeseen circumstances, we…
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Buy to let question
Need some advice on whether I could get a buy to let mortgage in my situation. My daughter and son-in-law had their flat repossesed in Feb 2014. They are currently living in rented house which is now on a rolling monthly basis after an initial 6 month agreement. They are paying £495 a month rent with myself acting as…
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Nationwide, First Direct, TSB
We are now at the point where we can start think about remortgaging as our 5 year fix ends soon. We are with BOI (through the Post Office) and are not convinced we are going to get a good remotgage offer from them. We are looking for a 5 year fix at least but will also consider a 10 year fix. LTV is around 70%. Both myself…
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BTL lending affecting new mortgage application
Hi there, I am currently applying for a new residential mortgage and have today been told that my borrowing on my 3 BTL properties may mean the lender is unable to lend to us. All 3 BTL's are rented and self-sufficient and two of these are with the lender we are trying to get a new residential mortgage with. Has anybody…
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What to do after our first fixed rate??
We bought our first house almost 2 years ago, and are coming to the end of the 2 year fixed rate. I know that usually the best (cheapest) option is to take a follow on deal with your current lender. However, money is not often spare and we do try to plan what we having coming in and going out. With the current talk of…
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First Direct offset - frustrating adviser interview
I'm looking to apply for an Offset mortgage with First Direct, as a re-mortgage from another bank. I had my 90-minute interview with their mortgage adviser yesterday. We're looking to borrow £121k on a house worth £310k (LTV 39%), with joint gross income of about £87k. No dependants or other exceptional outgoings, so all…
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Give Up on a House or a Business?
Hi, My partner and I are saving for a house - Shared Ownership appealed to us because of the lower deposit and the Mortgage plus Rent is still cheaper than the rent around here. :cool: So we have enough for the deposit and saving every day, However my partner has a part time Job and his annual salary is around £7200 this…
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Buy to let - mortgage comes to an end
I have a buy to let mortgage. It is interest only and will come to an end in a year's time. It is on a standard variable rate. I do not have a vehicle in place to repay the mortgage. Will the lender extend the loan? I am concerned and not sure what course of action to take. Any advice is welcom
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Buying Property From Grandparents
hello everybody, very new to the forum so bare with me! seeking some advice for our next purchase but I'll start from the beginning to try and help you get the full picture. we bought a flat in 2006 on the famous northern rock together mortgage, we still own the flat and recently moved back in after privately letting it…
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how long do help to buy take to send the money to solicitors
as above, I'm buying an apartment using help to buy, we should be ready to exchange/complete within a couple of days i'm wondering how long it'll take help to buy and the mortgage company (leeds) to send the money to the solicitors - Will
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Buying Property From Grandparents
sorry see next thread, this was duplicated in error, apologies
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First mortgage applied for
Hello I don't post on here so please forgive me if my question is a bit daft. My partner and I applied for our first mortgage (hurrah!) for a home which is big enough we won't ever need to move we hope. The mortgage application is being sent off today so I'm feeling very anxious. We want to borrow 3.5 x joint income but…
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2-year fixed at 2.09% or 5-year fixed at 2.99%?
Hi all, I've come to the end of my initial 5-year discount variable rate mortgage and it's time to choose what to do next. Comparing the market shows my lender is still amongst the best deals and changing product with them attracts no fees after speaking on the phone with them. Their discount variable rate for 2-years…
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Early redemption question regarding trackers
If I take out a tracker mortgage which say has a fixed interest rate of 1.9% for two years over a period of 15 years which would give me a repayment of around £640 per month. There often is a clause regarding the redemption which says something like should I pay it of early there will be a 3% early repayment charge on the…
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Remortgage for extension
Good morning all. Apologies in advance for the length of this post. We are planning an extension in just over a year's time - Spring 2016. Our house is valued at £260k, and we have £130k outstanding on the mortgage. We believe the extension will cost £100k. We will have £40k saved toward this by 2016. We are currently on a…
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Pay back 2 part mortgage with different rates
Hi, We had a mortgage with HSBC and when we moved house 2 years ago we had to top up our mortgage. The top up part of the mortgage is at a far higher rate of interest than the initial part. We are on repayment for both parts of the mortgage. My question is this: As the whole loan is with HSBC, should we not be able to pay…
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Mortgage for Pensioner's
Is there a mortgage out there for pensioner's My Dad is 70 and Mum is 67, I have been on the mortgage but they want to take me off. They defitnatley do not want to do Equity Release which seems to be the only thing around Nationwide misinformed us with incorrect info when taking out the mortgage, they said that if at…
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Remortgage old family home while living abroad, temporarily.
Hi all, I own a home that's fully paid off, worth around £500,000. It was my old family home and I don't currently live there as I've just moved to Sweden (last week) and I'm likely to return in 2 years. At that point I'd like to move back into the house. Now here's the thing... I'd like to remortgage the property,…
