-
right to buy, self employed mortgage advice
Hi I have submitted my council house right to buy application but am looking for advice on a few things. I am self employed (sole trader). My last 2 years accounts are £15,000 and £25,000 so averaging out to £20,000. The property value is (my estimate) £150,000 and with my discount I will need a mortgage of £90,000. I have…
-
Equitable charges
Don't know if this is the right thread, so apologies if not. I have a friend is is looking to get a secured loan. However, he has an equitable charge from Link Financial (pains i know right?) He phoned them and asked for them to send him the amount for the charge value and they have sent a letter claiming he needs to pay…
-
Submitted an offer - First time buyers
Just wanted to share my situation, and see if anyone had any advice or words of wisdom. My wife and I were originally planning on looking to buy this summer with a 10% deposit. In our head we were in the market for a 3 bed semi within the price range of £130k-£150k. However we have recently view a 3 bed detached in a…
-
Mortgage Problems
Just after a bit of advice if anybody can offer it? We live in a 3 bedroom airey house. Myself, Wife and 3 kids. As the children are starting to grow up we despartely need more space so have looked into building an extension. Here's where the problems start. My current mortgage is with Natwest, they have point blank…
-
High income high debt mortgage challenge
I earn a really good salary, have high mortgage and high debt. Debt all managed well - all paid on time and above the minimums, but credit score is low. To consolidate all of this into my mortgage would save me over £2000 a month in payments, yet I can't get a new mortgage (current rate 4.95%). Why can't lenders see that…
-
3weeks to completion now boiler issues!!!
Advice would be most appreciated... We are first time buyers and have a completion date of 3 weeks away. We have not yet exchange contracts as our solicitor was waiting to Recieved the gas safety certificate. This has just been recieved and it looks like there is an issue with the boiler as it says the boiler is cutting…
-
I can port the mortgage!!
Hello. Thanks to those who replied to me about trying to get the money to pay off the remaining mortgage to move house. I can't find my original post, so replying here. We had been told we couldn't move the mortgage, hence the search for other ways of getting to move. Anyhow, rang our mortgage company in desperation again…
-
Income for mortgage app - NHS unsociable hours
Sorry if this has been asked before, have done a search but no results as far as I can see. I work for the NHS and get enhancements to my wage for working nights and weekends. Technically, these aren't 100% guaranteed I suppose, but they are as good as in reality, the area where I work is a 24 hour service and always will…
-
Help To Buy Isa some advice needed please
Can someone advise me please, I am considering to opt into the Help To Buy Isa scheme which will start in the Autumn. Currently I live with my partner soon to be wife (in 2016) in a Apartment she owns. I plan to save £200 per month under the new scheme for four years to avail of the £3000 "bonus" at the end of the term. My…
-
Help to Buy Mortgage equity/guarantee eligibility
Hi All Quick question I previously brought my first property with the first buy scheme, it has come to that time when we need to move on from our two bed to a bigger home. We have looked at another new build under a different builder, my question is could we use the new help to buy scheme for this move as scheme now…
-
Porting to New Property
We have just had an offer on a new house accepted, hoping to move in about 8 weeks time. Our current mortgage is at 0.75 above base rate, it has just under 9 years left to run and I have a balance of just short of 20K.This mortgage is portable. We have enough funds to buy the new house outright but we will need to…
-
3 months or 6 months statements
Is it more common for being asked 3 months Current account statements? Are there many mortgage companies asking for 6 months?
-
Will Natwest re-value property at end of deal?
I notice that Nationwide make assumptions on my mortgage with them to increase/decrease the value of the property if I want to change products, eg at the end of a fixed rate, or for addtional borrowing. They even have a calculator for it here. Does anyone know if Natwest do the same? I see from my online mortgage account…
-
First time buyer options?
Hi guys hope someone here can offer me some advise. My situation is a first time buyer with an income of £32000 and a deposit of £50000 This houses i am looking at are between £160000-£180000. So a loan of between £110000 and £130000 would be needed Heres the problem i have 2 very small defaults on my credit file from 4/5…
-
My offer has been accepted. What are my chances now?
Hello all, Finally, i have an offer that has been accepted :) Solicitor has been instructed and documents sent to my mortgage broker. i am meeting him on Saturday to talk about the mortgage product will be appliying for. Now the fears of being first buyers are coming up to my mind and the biggest one is if my mortgage will…
-
Mortgage Declined
Lender (Santander) has just rejected our mortgage application due to my companies equifax report showing 'Adverse Performance Figures' I am in effect a one man band and have no out goings other than the normal VAT, Corportation Tax, National Insurance etc the rest is paid to me split between dividends and salary. The…
-
BTL Remortgage and New Mortgage App
I'd be grateful for some advice regarding our current situation. Our house is currently for sale and we have people who want to buy it but have a property to sell, this property is owned by them outright and they are not currently living in it as it's in another part of the country. They have asked to rent our property,…
-
paid or unpaid Broker?
Just wondering on the consensus here on fee and non fee Brokers. The most obvious choice is London and Country which seem popular and has decent reviews. However others are also not bad such as Which? mortgage brokers, however they charge 500 pounds on completion in total
-
Advice on Interest Only Mortgage
Hi, new to forum and after a little assistance on above please. Presently I have a 72k, interest only mortgage on a flat worth 110k and I pay £289 a month. I've just retired and have a monthly gross income of £1,500 with a £80k gratuity. I want to reduce my monthly payments and would also like to pay off the mortgage over…
-
Additional Borrowing / Redemption Fees?
Hi, My husband has a mortgage on our house with the Halifax. We have just changed to a 2 year fixed deal which, of course, has early redemption fees. We are now looking to buy another property (as we've just sold one which we rented out) and have seen another interesting property which we would need to borrow about £35,000…
