-
Mortgage on fixed term contract
Hello, Graduating in the summer but started my job early on a 2 year fixed term contract with an employer I have worked for part time since Nov 2012. My partner will be the main applicant will I be able to get mortgage that will start in September? Any help much appreciated.
-
when do I instructor a solicitor?
We have had our DIP they have done our credit check, they said we could borrow up to £218k, but we only need to borrow 95000. 95%ltv. We have had our offer accepted on a house, and the estate agent has marked it STC. Our appointment for the full mortgage application is Wednesday 29th. I gave already provided 3 x wage slips…
-
Halifax early repayment charge (refund?)
Hi all The new build house that we want isn't available until September, from what I understand, we can get a refund on the early repayment charges from Halifax. How does this refund come back? Can it be deducted from the deposit amount? Or does it take longer than that? Thanks!
-
remortgaging a flat
A few years ago I bought a small flat (in addition to the family home which my wife and i have owned many years). At first our daughter lived in it, then after a couple of years she moved on and we let it for the first time to paying tenants. 4 years further down the line, I have had 100% occupancy and I want to remortgage…
-
Non Standard Restriction
Hi, I am in the middle of remortgaging from Bank of Ireland (Post Office) to Coventry Building Society (CBS) and CBS's solicitors have picked up on the following in our deeds. (29.07.2010) RESTRICTION: No disposition of the registered estate by the proprietor of the registered estate or by the proprietor of any registered…
-
HSBC 1.99% 5yr fixed - change or not
We have a big mortgage of over 300k, and currently on life time tracker with HSBC, which is 1.49%+BOE. Saw the news that HSBC has just released new low 5 yr fixed rate product at 1.99%, which is the same as what we are paying now.. ok, aparte from the high arrangment fee of £1,500. So tempted to switch to fixed. God knows…
-
Need motivation or encouragement or advice
I know I have another year of saving to go before starting the mortgage process but would like to know that I'm doing the right thing. Hi, I'm 22 and over the past 2.5 years I've managed to save 27.5k for a deposit. My parents have been supportive, I'm living at home and just paying £125 rent with the purpose of saving for…
-
FTB looking to purchase 2 properties
I am a first time buyer and looking to purchase 2 properties. I am looking to purchase 1 property to live in and another to rent out so looking at getting a FTB mortgage and a BTL mortgage. I have 2 properties in mind and have a 25% deposit for both properties however have been advised by friends and family that I am…
-
London and Country experience
Hi I recently used London and Country for mortgage advice, and the service was worrying. I am divorcing, selling the shared home, and moving into a flat by myself. I won't be getting much of the assets and so I'll have only a 5% deposit. Firstly, the guy knew my wife had talked to an L&C person before and was forceful in…
-
Is re-mortgaging mid way through a fix worth it
Hi We bought our first house last Feb with Nationwide's save to buy mortgage. We purchased the house for £250K. The house was valued between 250-280 at the time. It was a private sale and stamp duty rates were per the old system so we were able to buy at the lower valuation. We are currently on a rate of 5.89% and 1 year…
-
Will tax credits count towards income?
My partner and I are looking to into getting a mortgage only our income is quite low. Which means we won't be able to borrow much on my partners income alone. I currently don't work as I have two small children. We get tax credits and child benefit which if considered an income would boost how much we could get a mortgage…
-
Help to Buy and owning existing home
I looking for any suggestions on this topic. Basically I own a house already that I live in with wife and child. We are looking to move to a new build and use the Help to Buy equity loan scheme. In order to do this we need to sell the current house to meet the criteria. This gives us a few problems: 1. Our house may sell…
-
First time buyer, help to buy equity loan, credit history!
Hi guys. Looking for some opinions on my chances of getting mortgage approved by nationwide. We easily come within affordability calculator, have all deposit and legal fees and stamp duty ready to go. My concerns are that I have 12 payday loans on my file, latest one 2 years ago all payed on time, also I have a stage 4…
-
Me and my ex still own a house together - could use some advice please.
Hi all, I could use some advice... Me and my ex own a house, jointly. Unfortunately the relationship finished, amicably enough though, and she moved out some months back. She kept paying her half of the mortgage for a while in order to maintain her stake in it, with the plan for it to be sold later in the year.…
-
The porting trap - how likely?
Hello, Our mortgage will be coming up for renewal early next year and I am having a think about what to do with it. We want to buy a larger house sometime but this will not be until 2017 at the earliest. My preferred option would be to take out a 10 year fixed deal on a 10 year term. That way I would know that the mortgage…
-
Change of parties with NRAM
Deleted.......
-
Best way to release some equity?
I am looking to buy a particular property at an auction and decided to go against the mortgage route as the timescale would take too long and many probably wouldn't lend the money for an auction property. The quickest way I have realized would be to take some equity out of the home that I live in. At the moment we have…
-
Barclays/Woolwich remortgage
We are about to have a meeting with a Barclays mortgage adviser and wanted to check a couple of things I have been told in advance, Currently we are on an interest only mortgage tracking at .50 % above base rate, we wish to extend the term to 20 years (8yrs remaining) and increase the amount from 45k to 85k, he advised…
-
house undervalued.
A friend of mine has try to obtain a mortgage. The bank did a scheme 1 survey. The house was undervalued by 15k. What can my friend do? Can he contest this? If so how?
-
Moving home - pay off debt with proceeds of sale?
Hi all, Any advice gratefully received. I hope to move house soon, paying off the Santander mortgage I have for my current property, and getting a new Nationwide mortgage for the new one. I'm wondering if Nationwide will care if I pay off some debt with the money I make from the sale, which will, of course, reduce the…
