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Low Mortgage Offer
I've just been in contact with First Direct about a remortage. My one bedroom flat is worth £72K and I have £59K outstanding over 17 years (NRAM). I earn £36K per year and have no credit cards or loans. I have no children or dependants. I was surprised that the maximum amount they will lend me is £64K. I realise that for a…
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Is this strictly legal?
Hi all, new to posting but I'm a daily MSE forum/deal scout :) Basically at the age of 25 and now with 2 kids (renting a 2 bed) it's high time I get a mortgage. My problem is that I currently bought a business in February and became sole director. To make it clear I didn't buy the company, just the business and assets so…
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Buying out an ex
Hi, trying to help my sister out here. Nearly 4 years ago she and her partner separated, he moved out of the property reluctantly and eventually rented somewhere else. They both bought the house equally and the mortgage was paid off. She wants to buy him out and the house was valued by her mortgage lender at £230k but…
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Where to best search for LTB mortgage?
Could I have some help please to find the best LTB mortgages please. if you can link that would be great. I am looking at 75% LTV. I can't see many on the market (well none). TIA
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Getting a mortgage after repossession
Hi all, hoping for some advice on getting a mortgage in a few years time. Had my house with my ex repossessed 4 1/2 years ago. Currently in a DMP to clean up the rest of my shocking debts. Defaults will be due to fall off around the end of 2017 so had hoped that I could apply for some kind of mortgage after that but I note…
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Mortgage Buy to let advice
Hi all, My partner and I are considering applying for a buy to let mortgage but are unsure if we should or not. We earn just over 50k a year between us and have been looking at some buy to let options. We are unable to apply for a first time buyer mortgage as we live in company housing and will be letting any property we…
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Time to ditch my fix?
Can anyone help me with some snazzy calculator to work out if I should ditch my fix? Got 18m left on 5 yr fix at 3.59%.....with £2k of ERC. Just seen a 5 yr fix looming that looks of interest, so it would allow me to overpay and knock years of mortgage term... Trying to figure out how to do the math?! Thank you.
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Remortgaging 1 house in order to buy another
Here is our situation:- We have a house that we own outright (no mortgage) which we would like to rent out. We have moved out of this house and are living in a rental property at the moment. We estimate a monthly rental value of £1400 for the house we want to rent out. We are looking to buy another house soon which will be…
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Halifax retirement plan (interest only) mortage
My mother recently passed away and while sorting out the money side of things I found out the mortgage taken out in 1986 which I had been told had been paid off was still running. My parents had in fact taken out a Halifax retirement plan mortgage which is an interest only mortgage of just over £8000. At some point they…
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mortgage offer withdrawn
We reserved a new build in December. Applied for a mortgage with our current lender. We received formal offer valid for 6 months. We need a 2 week extension to cover builders long stop date, just in case. Our FA contacted lender to confirm. At this point lender pointed out our offer had been changed to application status…
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Debts relative to income and mortgage application
Hi all, we have just put in an offer on a property after a while out of the market (since 2010) and pre-crisis checks on affordability etc. We are in the fortunate situation of a very good combined salary but the area we are renting in and have settled in (N London) is very expensive. I had assumed that we would be fine…
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Tesco Mortgages
Hi, Just wondering whether anyone had any experiences (good or bad) with Tesco mortgages at all? Or anything that's hidden etc? I'm looking to remortgage and looking at the Tesco 1.59% fixed over 2 years with the £195 product fee. So cost over the 2 years is totaling £9,795. This also covers basic valuation and legal work.…
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Joint Mortgage with partner on probation period at work
Hi, Me and my partner have recently made an offer on a house that was accepted. I myself earn £25K and my partner earns £13,500, we are looking to borrow £88K. I currently pay around £370 for a car loan a month that has around £2K left to pay. Since the offer was accepted we have been to a mortgage provider (Yorkshire…
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Unilateral notice
Hi this is a tricky one , so i think it is essential i start at the beginning In 2005 me and my ex partner were having some issues and decided to part company ... I , along with my two children remained in our home which is jointly owned by me and my ex partner. shortly after we split up i received a loan agreement through…
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Mortgage App stalled
Using a broker due to being self employed and a little bad credit 4+ years ago, got AIP and mortgage app is in. Lender is requesting a new tax credits awards notice because the current one shows my income at 2.5k less than I actually earned for 2014/15 and are concerned my payments will reduce affecting affordability. You…
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Metrobank - Buy to let
Looking at another buy to let, came across this (and being a customer with them for business and personal banking might help) 5 Year Fixed Rate 3.79% Product Fee £1999 Seems potentially a good product?
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Let to Buy Mortgage
Can anyone tell me anything about let - to - buy mortgages? I wish to release some equity on my current home that I want to let so that I can move into another property
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re-mortgage my house to buy a delelict house
I want to re-mortgage my house to buy a derelict house at auction. I've read that there are mortgages available to do this that let me stay in my existing house while I make the new house habitable. I then sell my old house and transfer/pay-off the mortgage. Does anyone know of a provider who offers this mortgage?
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joint mortgage not living together
Does anyone know of any lenders that will provide a joint mortgage where only one of the people named on the mortgage will be living in the property? Thanks
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FTB - Mortgage application just been declined!
FTB and slightly frustrated. My husband has a default that was satisfied in 2010. We weren’t expecting to be considered for a mortgage until 2016 when it is clear from his credit record. However, we spoke to a mortgage advisor and after full disclosure of the default we got AIP with Barclays (Woolwich). We found somewhere…
