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Buy to let to retired father who is on housing benefit
Hello, my dad lives in a council flat alone and I want him to live somewhere peaceful which unfortunately currently is not the case. It seems unlikely the council can help achieve this. I recently paid off my mortgage and have saved for a reasonable deposit but need a mortgage of 80k to get the house I have seen for him.…
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First time remortgaging and feeling lost!
Wondering if anyone is aware of any banks or alike who allow you to remortgage when you initially bought your home with a help to buy scheme? We bank with nationwide and they wouldn't do it unless we had a substantial lump sum to pay in addition, which we don't. We initially bought our home using this scheme 2 years ago…
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help to buy dysfunctional (HSBC)
HSBC will lend to us if we 10%(non htb) but not if 5% with htb! Surely it's the same thing? Gov are guaranteeing the other 5%?
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Proof of earnings
Hi, I am looking at getting my first mortgage, I am mostly paid by my company by dividends and my tax-free allowance through PAYE. On applying for a mortgage what would I put as my earnings and how /what would be my proof of earnings ? Thanks in advance
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Monthly payment after fixed rate ending?
Hi, can anyone point me to where or how I can calculate the monthly payment after a fixed rate ends? I'm trying to educate myself on mortgages before OH and I become first time buyers next year. For example for a 100k mortgage 25 year term Nationwide had a 3 year fixed 2.29% on their site. £438.11 for the first 36 months…
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First Time Buyers Advice
Hello, My girlfriend and I are starting out on the road towards buying our first place. We are being gifted the deposit and we're looking at buying somewhere worth around £140,000 with a 10% deposit. Our salaries are: 1) £38,500 2) 22,000 I have just under £16000 worth of credit card debt (and working hard to reduce this…
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Halifax mortgages A/ roll numbers issue
Hi everyone, is there a solution to this - not being able to apply online when switching to a new mortgage rate with Halifax? I'd like to apply online to switch from a 2-yr fixed which is coming to an end, to another 2-yr fixed rate. From what I understand if I apply online Halifax won't do affordability checks (they only…
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Any chance of a mortgage?
I'm 90% sure the answer will be "speak to a broker as it's complicated", but it may be a straightforward "not a hope"... Person X is aged 40 and earns £30k per year in a job he has had for about a year. Approximately £15k saved and no debts. Previous homeowner but sold about 15 years ago. Since lived with his mum or in his…
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Best way of unlocking £100,000 from the house
Good afternoon to all you good people. If this is in the wrong section, moderators please feel free to move. As my title suggests, my DH wants to release £100,000 from the house for a business venture and we were wondering what is the best way to go about this. The current situation is this: House is in DH's name only.…
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BTL Advice
Hi I appreciate that investing in a BTL property is not necessarily and easy way to make money etc but I just wanted some basic advice. Looking to buy a property for £80K, I have £20K to put down on the property the rental income would be around £450. I am looking to have it as repayment for 15 yrs with a view that the…
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Mortgage without indefinite leave to remain, desposit in another account etc.
I have posted it already on the housing/renting and buying but was advised to post it here: Hi All, Am going crazy here trying to piece so many things together and will require some help from this every helpful forum and its morgage advisors: Basics: 1. Hubby has been here since 2010 and is eligible for indefinite leave to…
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Advice from our resident brokers please
Morning all, Wondered if I could get some advice from the resident mortgage broker experts. Looking to get a mortgage of around £550k Deposit £300k Do you think there are companies around that can get me that amount based on the following status: Joint mortgage with the mrs. Salary 1: £66800 Salary 2: £36850 Monthly credit…
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Buy to let remortgage query
Hi I purchased a property approximately two years ago that needed a lot of work doing. Funded through small amount of savings and rest as a loan from parents and family. No mortgage was taken out. I've spent the last year renovating the property and getting up to a good standard. Value has also increased a little since I…
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2 or 3 year tracker - £500 cost for the 3
Hi all, I'm deliberating on which tracker to take out, 2 years at 1.84% (1.34% plus base) or 3 years at 1.99% (1.49 plus base). The 3, given the length and size of our mortgage will cost £500 more in the first 2 years if base stays as is but obviously means no new product fee after the 2nd year and the guarantee of todays…
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Sending passport to mortgage broker
We're applying for a Halifax mortgage via a broker. Apparently Halifax need to see more proof of our address/ID and have asked for some bills & sight of our original passports (solicitor certified copies won't do). So the broker has asked us to send him both our passports. This doesn't feel right, not sure how long we'd be…
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Council Right to buy
Hi all, i have applied to buy my council property (free-hold) and it has been approved. Valued at £310k, discount of £103k applied and a bal of £207k now to be mortgaged off. I have a credit score of 651 (poor) and I have 1 settled ccj and 1 deliquent account (due to go off in may 2015) I have not had any credit activity…
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Will One Account ever offer mortgages again?
I used to have a Virgin One Account offset-type mortgage which suited me fine. For various reasons I changed mortgage provider but kept the One Account as a current account. I'd like to go back to that type of mortgage but the One account website has been saying 'we are going through a period of staff training and are…
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Residing in Property - gifted deposit
I'm hoping someone is able to help me. My partner is buying a house, in his name alone. The solicitors have confirmed that everything is ready, only thing they are waiting for is approval from nationwide that its ok that I gift 40% of the deposit. I'm extremely worried - I've read mixed messages online about nationwide not…
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First meeting with mortgage broker
Hi everyone. On Saturday my girlfriend and I have our first meeting with a mortgage broker. I want to ask the right questions but not sure what things I really should ask? I've got the obvious in that we want to know how much we can borrow - bearing in mind my girlfriend is freelance and how does the broker make their…
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Renting Mortgaged House when Moving Abroad
Hello, I wonder if someone can help me with something. I own a house currently (with a mortgage) and work full time. I am thinking of embracing life and taking a year or 2 out to travel/work abroad. I was thinking of renting my house out but wondered what would happen with my mortgage as my fixed rate ends in the next…
