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over 60
Hi, I am 63 and would like to purchase a decent place, can I get a mort of around £30 to pay until I am 75?
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Should I sell investment properties?
Hi all, We are looking to buy a new house looking at about 500k with a 25% deposit. We need to be smack bang in the middle of commuter belt unfortunately due to locality of parents. My question is whether anyone could advise on whether it was worth selling two investment properties I bought ten years ago in th South west…
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Is my rate guaranteed?
We applied for 2.94% 10y fix with nationwide. Today I see their best rate for 10y is 3.29%. Are we guaranteed the rate we applied for (if approved) or will it get worse in line with current offering?
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Awful credit, low mortgage, any chance??
Hi guys! So, for reasons that are totally my fault I have really bad credit rating.... it's in the poor category which stem from uni days but my defaults and CCJs won't drop off for another year or two. (ccj's for under 2k due to a failed business and all paid off) I'm really keen to get on the housing ladder due to some…
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Threatening letter from the council, can I be prosecuted?
Hello I know this is not going to make me sound good, but I’ll ask anyway I am European, moved to the Uk last October and I found a room in a council flat. Turns out the flat is owned by the Council and yesterday I received a letter from the council saying I need to move out as the landlady is actually a council tenant and…
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First Time Buyer
Hi everyone. Just wanted some advice really for me and my girlfriend that are currently saving for a deposit for a mortgage (we would be first time buyers). We're both mid twenties, living at my parents while we save, each earn about £21k a year and have got about £25k saved so far between us; though we plan to save…
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YBS application submitted. :-)
As previously detailed in previous threads we went through the bankruptcy process in 2009, anyway after being used to disappointment I'm pleased to say we had a DIP with YBS and submitted a full application yesterday. Fingers crossed! I keep hearing that it's unusual for the application not to go through unless we've not…
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Abbey/santander valuation to offer timescale
Hi Everyone, Hope someone can give me some timelines on santander mortgage process. Full Application submitted on 26 feb 2015 Application agreed subject to valuation recieved on 5 march 2015 Valuation done on 10 march 2015 Now waiting for the final decision with or without offer. Can someone please let me know how long…
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Right to Buy - A Question
Hi guys, My issue is a bit of confusing one. The situation is this: My dear ol' Mum is getting on in years and her health isn't particularly great (smoking), but we expect she's got a few more years in her. She is also incredibly house proud, she lives in a 3 bedroom terraced council house, that throughout the years she's…
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Advice on overpayments & timing? Bank of Ireland
I intend to start overpaying my mortgage and would like some advice on how best to time it so that I maximise the savings. Regular overpayments are made by standing order and the amount owed and interest I need to pay is calculated monthly on the 1st of the month after the month in which the overpayment is made, my current…
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Mortgage Application Interview- Halifax
Have an interview booked in 3 weeks and have just started to think about questions we may have to answer and info to bring with us. Will the Halifax Mortgage Advisor ask about our total savings held in every account we have? or just the accounts from where the deposit will come from? I realise we will have to have info on…
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Nationwide Agreement in Principle
Hi all, Im a first time buyer and Ive recently made contact with a broker around a mortgage application. I dont have a squeeky clean credit file so I dont have a chance at a 5% mortgage so Ive been told i'd need a 10% deposit which is no problem I should have that saved in the next 3 months. So im looking at an house at…
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Valuation tomorrow - should i be concerned?
Hi, I have recently sold a house and the valuation will be done tomorrow. I am a little concerned as i have sold my house for 4k more than next door but one which is the same house, albeit mine is freehold, garden is south facing and has slightly higher spec kitchen,new floors etc Ive never sold a house before so i dont…
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re-mortgaging and releasing equity
Hi, I'm in the position where I'd like to release some equity from my flat - currently I have over 50% equity (thanks London price rises). The query I've got is how easy is it to re-mortgage and say take 40 or 50k or so out at the same time... if I try to do so with my current provider then they'll create a separate loan…
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valuation surverys
Hello I'm in the process of buying my first house and have had AIP. I have been informed that the valuation survey took place yesterday. Does this mean that we have 'passed' the affordability and credit checks, if they have gone as far as to carry out the valuation survey. Thanks
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Recent Valuations in London
Does anyone have any recent experience of surveyors doing London valuation of property? Last house on my road sold for 600k in Nov 2014 and another for 510k in Jul 2014, but surveyor Connels have come back with a 350k valuation. Is this happening to anyone else? Are surveyors being more cautious?
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shared home owner: should I staircase with my brother?
I need some advice, I’m a shared home owner and the time has come for me to try to staircase to buy my property outright. I say buy it outright because the housing association rent increases yearly, although I’m comfortably paying this alongside my mortgage, I think if I can pay this, I can surely manage the full mortgage…
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OK I'm worried now...
I bought my house by myself in just my name in 2013. Put down a good deposit which I saved myself. My partner has been living with me since moving in, paying the equivalent of half of the household outgoings, including mortgage payments, which I think is perfectly fair - he's paying probably less than what he would if he…
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End of fixed term and looking to fix again on reduced income
Hi. My fixed rate period has now come to an end and I have seen some much lower rates on offer from my lender if I sign up for another fixed term. Problem is my income has dropped significantly. If I was to ask to fix again with my current lender, would they want to reassess my income, or does that not matter now I am…
