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Mortgage advice please
Hello, Please can I have some advice. I have bought my property and can afford £250 per month to do 'something' with. This figure will increase by another £300 next year once I've paid for a conservatory. I have no other debts apart from my mortgage which is 200k. Having only just started my mortgage I have 35 years left…
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Second Property Mortgage
I have been investigating purchasing an additional property to live in during the week due to a change in jobs; I do not want to sell my other property though. Between my partner and I, we have in excess of £40k for a deposit, however, we have been informed by 2 major lenders (Barclays and HSBC) that they will only lend…
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Some advice for FTB
I'm planning on looking for my first house in about a years time once I've built up my savings. I'll be looking at flats at approximately £75k I earn £29k per annum I currently have a deposit of £8k saved I have one loan with £15k outstanding which I'm paying back at 460 per month. My question is, over the next 12 months…
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Remortgage
My current mortgage is 133k my house has been revalued at 180k. I would like to remortgage to the new valuation amount which should free up roughly 47k. My question is how does it work when increasing your mortgage? I would like to calculate my monthly payments to see how much more I would be paying but cant quite get my…
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Help to Buy Advice Please - 2 minutes
Hi everyone, Theoretically speaking, if at the end of 5 years we have £80k equity in our property but an unpaid Help to Buy Equity Loan of £45k, what options do we have to avoid the interest? We're currently thinking just sell, repay and move into a new place. I'd like to know of other possibilities too though e.g.…
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Credit card foot prints and Mortgage application
Hi, Just wondering if folks think this will cause me issues. I've recently within a month taken out a Tesco CC with £7k limit (what the gave me, not requested). Have the other one still AMEX this was to replace (Want tesco points instead of airmiles now kids have come along is all) A few months back I opened a Santander…
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First Time Buyer Advice
Hi, I am just after some advice, as I am hoping to get onto the property ladder towards the end of this year. Comfortably - what property prices should I be looking for - I live in the north of England. Salary - £26k rising to £30k in 18 Months. Deposit - £40k Saved so far. Debts - £5k paying minimum as its 0% now. 30,…
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Mortgage shortfall dilema
Hi All I would be very grateful for any advice. About 10yrs ago I bought a house with an interest only mortgage amounting to £58k with C&G. Things did not work out the way I had hoped with my then partner and I have the chance to sell the house. Unfortunately there is a shortfall of about £12k. I do not qualify for any…
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Business Expenses and Declined Mortgage
Hi, I am a first time buyer and have had my mortgage application turned down due to paying for business expenses (I am employed) on my credit card. With hindsight this was a bad idea but obviously this was only an issue when I applied for a mortgage :eek: This is how the conversation went: Q: How many credit cards do you…
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Buying GF out of the house.
Hi, Unfortunately me and my GF have decided to part ways after 7 years. I'm looking to buy her out but not sure where to start, any help would be much appreciated... We moved in together a couple of years ago and purchased a house together with deposit from both of us 50/50. So we both own the house equally. We paid £140k…
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Can income from rental property be used to fund a mortgage?
Hi, Wonder if someone can help... Large(ish) house is owned outright and using similar properties on Rightmove.co.uk for guidance, could be rented for ~£1,400pm. There's a small flat for sale next door. Could I let the house and use the income to fund a mortgage on the flat (which I'd live in)? The monthly mortgage…
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Advice please - mortgage for holder of spouse visa with only 5 months remaining
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Mortgage Offer & Loan Paid Early
Hi all, quick question hopefully! I'm in the process of buying a new build and have had my full mortgage offer from TSB, so we are now going through the process with solicitors. I currently have a loan with TSB that is due to end before the end of the year, there's about £700 left to pay, and I wondered if paying this off…
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Outstanding credit, will we get a Right to Buy mortgage?
Question for you helpful brokers on here! Thinking about buying our council house, been a tenant for 10 years so looking at a 40% discount bringing purchase price to about £70,000. We have household income of approx. £50000. Outstanding loans/cards etc of about £20,000. One loan ends next year saving £250 p/m. A couple of…
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Nationwide problems
FTB so go easy. . . Just wondering if anyone has had a similar experience - I am becoming increasingly frustrated. Mid-February 2015 - I applied to Nationwide for AIP while I was looking for potential properties – (FTB, joint application with wife, no credit/debt issues, large cash deposit, seeking approx. 50% LTV mortgage…
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One for the brokers
I already have a whole of market mortgage broker and I have a meeting with him tomorrow but I wanted to run a couple of things before the meeting with the MSE posters. Background I'm in Scotland so any property purchase is going to move fairly quickly. I think between 6-8 weeks between offer and getting the keys. I'm in…
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Potential problem with debt collectors
Not a problem yet, but can see it looming. Really want to know if this has happened to anyone else. Years ago, around 2008, I was made bankrupt. Discharged 2009. Also defaulted on mortgage with GE Money. To cut a long story short, a Housing Association was eventually persuaded to buy my house, under the then Mortgage…
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Barclays mortgage - Allowable income table
Hi I was wondering whether any of you lovely brokers (or recent applicants) know anything about how barclays view quarterly bonuses. on their website they have an 'allowable income' table, which refers to both monthly and annual bonus payments but no mention of those paid quarterly? Many Thanks
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Increasing my mortgage to raise a deposit for BtL
I've completed quite a successful house renovation (if I may say so myself...) and really enjoyed it. I'm keen to purchase a second property which would end up as a buy-to-let. I have only about £5k in savings these days, pretty useless on its own, and would like to consider borrowing more on my current mortgage to fund a…
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mortgage and a loan
Good afternoon We have just been to a view a very run down house in a excellent area. I feel I could get it for 145000 (top spec same street going for 180000) however needs lot of work doing with new bathroom, new kitchen, new boiler, electrics and replace all windows. I reckon will need 20 grand to get it up to spec. We…
