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Please advise me what to do now, me and my wife are really suffering.
I'm on tier2 visa which has 4 years left. My wife is my dependant. I have a salary of 31200 and she has 20000. We have 90k deposit and we have applied for help to buy equity share. The house price is 388000. We need to borrow 220400. Since our case is a tricky one and the only lender is Halifax. The problem is I have bad…
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First time buyer... Where do I start?
Hi MSE, I'm 25 and have been renting now for 3 years. Me And my OH are now really after a mortgage. Prefably a fixed rate mortgage. As for deposit, we can provide that due to me being in the Army. We went into Nationwide and chatted to them and received an offer but now we have been told by friends to go to an independent…
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Pension Contributions
About to start a mortgage application for a new build using help to buy. I pay a large amount of my monthly pay into a pension ( 13.5 %) Will a lender take this into account and will it damage my chance of a bigger mortgage with a decent rate? the only banks that i can use are for help to buy are Barclays Glasgow Credit…
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Money Saving Expert
Just looking on another post by Delete33 paratusamc.co.uk are plugging Moneysavingexpert.com/mortgages for advice! http://www.moneysavingexpert.com/mortgages/ https://www.moneyadviceservice.org.uk www.unbiased.co.uk Top of the list! Well done Martin and the team
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Bridging finance help please
Hello I am looking at investing in another buy to let property (I have one buy to let property in London on a fixed rate mortgage which I will remortgage in October releasing some equity but until then I have limited cash to invest). I have seen an auction property (guide price £100k) in Scotland (in the town I live now)…
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Please help - should I remortgage?
Hi, Feeling very confused about the mortgage world having had a baby 5 months ago and been poorly since. Would really appreciate some advice as am trying to sort out my finances. I currently have a HSBC lifetime tracker mortgage, 1.99% (1.49% + base). Outstanding loan £525k, 50% LTV. My monthly payment is £2075, 28 years…
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Getting a mortgage on second property with consent to let on first
Hi We are buying a new home but keeping our existing flat as unable to sell. We have obtained consent to let on the flat with Santander. We need a 90% LTV mortgage on the new property but having trouble finding a lender who will agree to this as they are all looking for minimum 15/20% deposits. Anyone else been having…
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Mortgage Deal - best one ??
I am out of my fixed mortgage deal and now looking for another, I can (hopefully) get 1.99% for 2 yrs fixed on the outstanding mortgage, but was wondering if there was any better deals out there in view of the current climate. Also not connected but starting a spring clean and was wondering - How long do you keep your…
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Better to buy or rent for 4-5 year period as first-time buyer?
Hi, in a year's time I will need to move to an area I'll stay for around 4-5 years due to work, near Potter's Bar, Luton, or any surrounding area within around 30 min drive of Hatfield. I'm looking to either rent a house with a garden (seems to be around £1100-1200 in rent in the area) or buy one, as I work from home and…
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Nationwide application
DIP accepted and most recent payslip requested. Is it unusual for no bank statement to be provided at this stage? WILL these normally be asked for later when full application is made?
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FTB - appealing a mortgage decision
Hi guys, I'm just looking for some advice. We've had an offer accepted on a house, and decided to go with Santander for our mortgage. This was approved and then sent to the underwriters due to us wanting 95% LTV. We had a phone call today saying they had declined it because on my partners bank statements there was a £10…
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Fixed rate to CTL or BTL?
My wife and I have recently remortgaged with Woolwich on a 5yr fixed rate (mortgage is £190,000 - value is £340,000). My wife's mother has recently (i.e. after we remortgaged) been diagnosed with a serious illness that could potentially require us to move in with her so my wife can take care of her. My query is (because I…
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no sale no solicitors fee's scam
was advised by lender that their approved solicitors operate no sale no fee. we had a sale fall through (seller pulled out) and now solicitors want search fee's! they say the fee's are independent! well "you" the solicitor is the one asking for the fee (regardless if you have to pay it to someone else) and the statement…
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buying second home count as buy to let?
if I want to buy a 2nd house which I will move into and live is that classed as buy to let if owning home currently?
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Buying House from a Parent Without a Mortgage?
Hi all, My Dad is in the process of buying a new house. He is going to have a small Mortgage of circa £50k as he is putting a considerable cash amount down as a deposit. The new mortgage is not dependant on him selling his existing home in any way. I would like to buy his existing home (where I also currently live). He…
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Mortgage with no capital repayments or endowment policy
I am 57 years-old and chronically ill. My income comprises Income Related Employmet Support Allowance and Housing Benefit. Currently I have a shared ownership agreement with a housing association. I own one-quarter of the property and the housing association owns three-quarters. I pay it rent on its share, which is covered…
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Do I need a broker?
I hope to buy my first home soon, and my requirements are pretty basic: -House, freehold, around £130k. Not new builds (ideally something like a 2 bed Victorian terrace). -90% LTV. -25 years, allowing early repayments/overpayments. -£28.4k salary, same permanent contract for four years (though may change job soon, marginal…
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Complicated question re Parent buying us a house
Good Morning I have (what i think is) a complicated question re parents buying us a house. I'll give the situation details before i ask the actual question. My Wife to be and I own a house which we are in the process of selling (6 months approx timescalle until advertising with agent) We are beginning to view a couple of…
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Lenders Preferences
Hello All, I just wondered if any mortgage brokers and advisers would tell me if there are particular lenders who prefer specific type of people? I am a single 24 year old, who will be applying with a 10-15% deposit, purchasing a property around 130K. No debt, no defaults and perfect credit history. In your experience, is…
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Mortgage advise fixed rate or variable rates
Hi, I am first time buyer and currently trying see what's the best rate to go for in terms of mortgage. Both for 2 years Fixed rate 2.29 Variable rate 1.75 The difference between them in terms of monthly payment is about £40 ish and other expenses (product fees etc) are same. Looking at various online articles about how…
