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ftb any advice
Myself and my husband were going down the help to buy equity scheme we had offer on house and aip with Santander we failed on atp from help to buy that was that. We then found a different scheme where we put down 5% deposit and the developer of the property puts in 25% which we do not have to pay back or pay rent on unless…
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I fear this won't be simple...
My partner and I own our London home (worth £900k) outright, we have £150k in cash plus £45k to come as and when we can sell my late parents’ home. We’re both employed (joint earnings of £125k per annum) but plan to take early retirement in 3 - 5 years (we’re 57 and 53), sell the London house and move to the country.…
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Endowment Policy...help
Hello Not sure if this is a silly question about endowment policy but here goes. We took out our mortgage 25 years ago may coming as endowment. a few years later my hubby had health problems and was unable to work. we struggled with the mortgage, but could not afford the endowment. so it was not paid into. the mortgage was…
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Sent back to valuer for re-valuation santander
We are nearly close to exchange but my solicitor has sent my offer back to santander for a re-valuation. There is a quarry in close proximity that has been there since 2001. the valuer has noted this in his original valuation form. She wants the valuer to confirm that this has been taken into consideration. How long will…
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MSE News: 'Decrease the term or overpay my mortgage?' – Martin Lewis answers
Overpaying and shortening a mortgage term do the same thing, yet overpaying has the advantage that you can stop it... Read the full story: 'Decrease the term or overpay my mortgage?' – Martin Lewis answers Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
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Mortgage Chances and our situation
Hi There I am just wondering what brokers initial thoughts were regarding the circumstances we are in and how to make sure that when we come to apply we are in the best circumstances. My wife and I are looking to buy later this year. I earn £41,000 basic with a flexible benefits package of £7,500 on top which can be (and…
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Interest only, offset tracker mortgage
We want to raise funds to help daughter buy a small house. She'll have lodgers that will cover her interest on the loan we'll make her but we're looking for a small mortgage against our home to avoid having to deploy rainy day cash or to sell any shares or NS&I linkers. First Direct have a good interest only tracker that's…
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Mortgage for family home-one earner working abroad
My wife and I are looking to buy a home for the first time. We had approached London and Country as our circumstances are not straightforward, and the broker assured us would all be well. However, once we put in an offer, and he started calling lenders, he then got back to us and told us he wouldn't be able to help. We are…
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Any chance of a mortgage for self employed teacher
Hi, I am a self employed music teacher working for various music services (local authorities). This is the third year I have been been doing it and my gross is around £25k. My work expenses are £7k. Im looking to buy a new build, 1-bed flat for around £300k (outer London). I have a 5% deposit plus the other costs. Do I…
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Couple with opposite extremes of credit score looking to buy a home
My Girlfriend and I will be looking to get a place of our own in around 12-18 months. I have a decent enough job (By the time I'm looking to buy I should be somewhere between 20-23k Salary hopefully) but a terible credit score (Very Poor at the moment, should be up to Fair but with unexpired defaults. Rough past, long…
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What happens when I want to pay off my mortgage?
My endownment policy finishes in Sept this year. My mortgage finishes in Feb 2016. The predicited value of the endownment exceeds what is left on the mortgage. Plan to pay off the mortgage this Sept. I assume endownment people will send me a cheque. I will then ring up the mortgage people and tell them I want to pay the…
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In a hole
Need some advice, any appreciated. A few years ago I brought a flat with a ex. We paid £128k for it. We took additional borrowing and got a car. A few years later we split, she came off the mortgage and my sister came on. The valuation of the flat at this point was £140k As it stand today I owe £122k. SVB of 4% for 28years…
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Paying off mortgage
My house is worth 110-115k and I have 68k left on my mortgage at 3.29% rate, I have 130k divided into 2 interest accounts which the rate has recently dropped below 1%, would I be better paying off my mortgage first then looking to reinvest what's left in a new account or keep paying the mortgage and finding somewhere…
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Would we even get a mortgage?
Hi, We are in a situation where we will almost certainly have to move house at some point in the next 6 months. I cannot give too many details on here as it's quite a specific set of circumstances and I don't want to be identified. The reasons are out of our blame and control. We currently own our own home with a mortgage…
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Question - electoral role & temporary move in with relatives
Sorry for som many questions recently. I'm due to move out of my returned accommodation next week and am temporarily moving in my with grandmother whilst my partner and I proceed with buying our first home. So I have a few questions about this: I am on the electoral role at my current rented address. Bearing in mind an…
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Mortgage for an ex Bankrupt and a previous repossession.. Help!
Hi, Can anyone help? I went bankrupt over 6 years ago and had my home repossessed over 7 years ago. Can anyone advise if there is a mortgage lender that would consider me? It will be 6 years this September from when i was discharged! I would not apply for a mortgage until after September. It will be a joint mortgage with…
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Interest Only
Hi, Can you help please? I have an interest only mortgage at 1.79% a month over 15 years. The mortgage payments are such that I have been able to put additional money away in ISAs and high interest accounts with a view to being able to pay off at the end of the term. I have a fair some of money in various accounts but now…
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Discharge mortgage help
Evening all, My wife had a mortgage appointment with Santander on Saturday, and all was going well until she mentioned the word "bankrupt"! They said they have recently changed their policy so that they can't offer mortgages to anyone who've been bankrupt in the past. My wife declared herself bankrupt 9 years ago, due to…
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Adverse credit and mortgage?
Hi Our landlord is selling our house. We were looking to buy next year when most of our adverse credit has dropped off our files but my dad has now offered us a gifted deposit. We have consulted a broker and we are waiting to hear back from him as he is looking into whether we can buy with a 15% deposit. We have just…
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Overpay & saving
Probably a stupid question but I want to double check with you if I am missing something: Let's say I have a few 4% - 6% gross regular saver / current accounts where I can withdraw money whenever I want and I have a tracker mortgage around 2.5% with unlimited overpayments. Am I right saying that it's better to fill the…
