-
1st time buyer help
Hi Just some advice needed. Me and my partner are looking at buying our 1st house, we've got a deposit saved both have decent incomes and no debt etc. I've done a lot of reading into buying a house/mortgages, but just abit confused over what to do 1st! Do we find a house we like, put an offer in and then apply for a…
-
Shared Ownership - can I choose my own lender?
Hi, I have applied for a shared ownership property; the housing association owning the share, recommends I use their recommended independent financial adviser (IFA); they recommend this to anyone applying. The thing is that I am having to wait for days to even get an appointment with the IFA and I feel time is of the…
-
Halifax DIP, mortgages etc
We live in rented accommodation with a property we also rent out on a CTL, we're looking to buy the house we live in with a 10% deposit and a combined income of about 55k, affordability not an issue as mortgage payments v similar to rent plus we're managing to save at the same time for deposit. Today we got accepted by the…
-
Would like to get a mortgage....
Hi I am after some advice please. I would love to get a mortgage next year if possible ( I would love to get one tomorrow but it is not going to happen) haha. A bit about me... I am a single mom and also a full time student. I do have some debts that I am trying to clear at the moment and have managed to better my credit…
-
Experience of Help to Buy
Hi everyone, I am looking to move house and I am interested in the help to buy scheme, I have an appointment with our mortgage advisor and will of course discuss it with them but I wondered if anyone could share any personal experience with regards to the process, acceptance, amount borrowed etc? I assume like other loans…
-
Tenants in Common mortgage, divorce and death.
Hello all, long time reader, first time poster. Please be gentle! This is no doubt one for the legal eagles out there, any fact based help would be very valuable. Apologies if this is posted in the wrong place but it covers a few areas! My mother died last month, and I have just contacted her mortgage company who tell me…
-
Problems Remortgaging Under New Lending Rules
Just wondered if anyone had struggled to remortgage since those new lending rules came in to place last year? We aren't due to remortgage for another 12 months but our FTB mortgage was approved before those rules came in to affect. I'm already worrying that we won't be able to remortgage!
-
Additional borrowing
We recently had our home valued and looks like we may have quite a bit of equity (64% LTV now.) Contacted Mortgage company to arrange borrowing for home improvement and was informed credit score came back as a no. Little annoyed as the new borrowing and deal meant we would pay less than we currently do. My wife has…
-
Thinking of changing bank, will I be penalised for loyalty mortgage
I currently have a 3 year fixed Santander mortgage due to end summer 2017. It is a loyalty mortgage because my current account is with them. I am looking to switch back to my old bank Nationwide and have my main current account with them. Question is if I leave Santander and no longer have a current account with them, will…
-
Remortgaging gamble - worth the risk?
Hi all:) Thanks to reading another thread on this board, I'm in a dilemma as to try something similar, but not sure whether I've got the bottle!;) I'm having an interview with First Direct in a couple of weeks time, to hopefully arrange a remortgage to them. I had it all sorted in my head that I wanted the lifetime tracker…
-
getting a second mortgage or re mortgage with default
So we are about to sell our house for £270,000. We have £158,000 left on our C&G Mortgage. We are going to buy my parents house for approx. £350.000. So the sale of the house will leave us with a approx. £105,000. However as we have debts and a default on our credit file for another 3 years we want to get rid of the debt…
-
FTB, low credit score, Any ideas?
Hi, Wondering if anyone could help. We are looking to get a 95% mortgage, both first time buyers on a house that is £100k. We earn combined £50k PA. OH has only just started her job as was made redundant on Xmas day, although previous on the same salary and this current job is permanent. We used a broker at the estate…
-
Inheriting an expensive house
Hi there, I''m wondering if anyone would have some advice to start me off in the right direction: - I'm co-inheriting a house with my brother and uncle (that I currently live in) in London worth 1.4mil - I would like to buy out my uncle's share (because he wants a sale and I don't). He has agreed for the property to…
-
Additional borrowing with Santander - question on rates
Hi, We're looking to borrow additional money on our Santander residential mortgage. As it happens it will be used to fund a deposit on a BTL (see https://forums.moneysavingexpert.com/discussion/comment/67890162#Comment_67890162). When I spoke to them at the weekend the guy said we'd be looking at paying 4.5% for a two year…
-
Choosing a solicitor - Homeward legal
Hi ladies/gents, I'm a FTB and made an offer on a flat in Ealing, London which has been accepted with a purchase price of 355K. It's a share of freehold flat with 67 years left on the lease and this isn't going to be an issue when getting the mortgage (confirmed by MA) but I'm looking to extend the lease soon (other co…
-
First time buyer - do I really need a broker?
Hi all First time buyer in need of a mortgage. Went to a broker who found the best 2 year fixed rate and 5 year fixed rate. I went online prior to our meeting and found the same two deals myself. Given how expensive a broker is, is it worth sticking with him to see us through our first time or am I better off saving £100s…
-
Mortgage rejection- help!
Hi folks, would be great if I could get some advice. My partner and I recently applied for a mortgage with Coventry Building Society and were declined. This is due to my poor credit score, my husbands credit score is excellent. I had debts of around 6k and this is now paid off and I have registered myself on the electoral…
-
Income multiples
Morning all I was wondering if anyone knows which banks offer higher income multiples for a joint mortgage? Ideally I am looking at x5 salary. Our combined income is around £115k. We are looking to buy a property that isn't new build. Deposit of around 30%. Are some lenders known for being a little more generous than…
-
Bad (or not the best) Credit score.
I've never taken out a credit card or loan in my life (apart from student loan). As I've never needed to. I buy cars outright as I'm cheap (my cars are <£2000). The only loan I'll ever need is a mortgage. Apparently I don't have a good credit score. Or at least not the best. A mortgage broker mentioned something about A*…
-
Buy to let mortgage or 1st time residential mortgage?
Hello. I'm looking to buy my first property. The main problem is that my application for a mortgage is likely to be as a sole applicant in London. I have modest earnings - 25-35k and properties around even the outskirts of London are expensive. My question is - is it easier to get a buy to let mortgage than it is a normal…
