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house now worth £0
hi there, help desperately needed. I have a property which I own with my ex partner. we purchased the property under 3 years ago, now we need to sale the property. We have had sold the property on two accessions . But the deal has fallen trough each time due to our loft room, this was already in place when we purchased the…
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first time buyer, adverse credit & help from parents.
Hi everyone, very much in the early stages of looking to buy but just wanted some opinions :) I have been renting privately for the last 3 years and to help me get onto the property ladder my parents want to gift me the deposit to buy my first home. I earn 25k and have been in my current employment for 12 months (permanent…
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Let to buy process
We have decided to let out our current house and move into another. Let: HSBC Bank value 250k. (Market value 275k) Loan 85k Release equity 187.5k and change to BTL. LTV 75% Rent 130% of mortgage amount achievable Buy: Offer accepted 485k. Hx AIP for joint mortgage 500k Salaries 80k self +40k spouse Mortgage needed 291k.…
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Best place to get a mortgage with poor credit
Hello all, I'm a first time buyer and currently looking into getting a mortgage. I've saved over £20k and looking at a one bedroom flats valued around the £180000 range. The issue I have is i missed a few credit card payments when I went travelling around 5 and a half years ago. This should be gone in September as it would…
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Tax Code change
This week's pay slip showed a higher amount of tax being paid by the umbrella company and the tax code had changed to d0. I have a mortgage offered and waiting on the conveyance work to complete. Need to send HMRC a letter to work out why the code has changed. Strange because the same umbrella company has been paying me…
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Going through a divorce - advice needed
Background: I am going through a divorce with my wife. We have a shared ownership property: 25% share in property valued at £190k. When we bought our share we took a mortgage of around £40,500 and paid a deposit of around £7k. We have around £36k left to pay in the mortage. Therefore the equity is around £11,500. The ex…
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Sainsburys mortgages being unhelpfull
I am coming to the end off my bankruptcy & my mortgage provider is looking to be paid in full they are refusing to extend or help me in any way , I cannot re mortgage for a while maybe a couple of years , I am in a catch situation I have paid dearly , my trustee has also taken 50% of my endownment before the high & mighty…
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Help! Natwest refusing to port my mortgage!
I have a mortgage with Natwest on the Homebuy Direct shared Equity scheme. I asked them a few weeks ago if my mortgage was portable as I'm within a fixed rate deal - they said yes. I then sold my house and reserved a plot for a new house and they are now saying it's not portable! All my paperwork (original deal and…
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Mortgage declined due to partner
Hi, I am wondering if someone could help. We have put an offer in on a property for £180k with a £40k deposit of which £15k is sitting in my partners name but he completed a gifted deposit form. He is a discharged bankrupt (2013) so we applied for a mortgage in my name only as I earn £41k pa so felt it was affordable. Went…
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Mortgage Application And Loan Application
Hello All Basically I am currently in the process of a mortgage application, Passed Credit Check etc but waiting for AIP. Now I also have a PCP car loan which has affected my affordablity somewhat especially as the monthly repayment is more than the mortage. I have owned the car two years and want rid for a cheaper car. I…
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What affects a revaluation?
We have already been approved in principle for a remortgage to increase our loan based upon the increased value. We purchased our flat 2 years ago in London and per Nationwide's house price index it has already been valued at significantly more than we bought it for. Given that we are borrowing more we will, however need…
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Should I get a re-valuation?
I purchased my property almost 4 years ago and my current mortgage LTV is 75%. A conservative estimate based on my research and three EA valuations two years ago is that if I was to get the property re-valued my LTV would drop to around 57%. I am currently on a 3.15% fixed mortgage that ends Dec 2015. I was wondering when…
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Student loan - how does it affect mortgage affordability
I wonder if someone could assist. Both my boys are going to University. One this Sep and one Sep 2017. My income is such that we qualify for a bursary and a maintenance grant. They will need loans for the fees. I'm nagging them to pay off as much as they can off the loan by working part time etc so they don't come out with…
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Nationwide Early Redemption
We are considering selling our house and paying off mortgage and sitting on/investing cash for a few years (approx £110k) as Nationwide won't let us port the mortgage to a property of the same price elsewhere. So, having checked our NW mortgage paperwork given to us 8 years ago, it looks like all we have to pay is the…
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BOI -Bank of Ireland mortgage breaks ??
Has anyone had any luck ?? Do they still offer them ?? Lady on the phone says no. Thought I would ask here before trying to ring back and speaking to a different person.
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Compare EVERY Mortgages Available
The old FSA site used to allow you to download a table of all available mortgages being offered by every lender. I found it much easier to have all the information to hand to help with making a decision because all fields of data could be sorted and filtered to help find your best mortgage. I think it was called the 'FSA's…
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mortage before starting job: with contact.
I hope this hasn't been answered before but I can't find it. I am hoping to move to a new area for a new salaried job with my partner, who is also starting a similar salaried job. I am currently self employed for 1 year and therefore cannot really apply for a mortage with this info. I know that there are at least 3 lenders…
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Please Help!! RTB mortgage ends
Please can somebody give me advice on what to do about a Let to Buy mortgage with West Bromich that ends next May, I am starting to really worry about what I can do? It was a 10 year term, I lived in the property and owned outright, it was valued at £90,000 9 years ago and I got a let to buy mortgage for £63,000, which was…
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Joint mortgage
I have a joint mortgage & want to take out some equity for building repairs etc. 12k we have around 55k equity but was told we hadnt got sufficient funds to pay monthly. They had only calculated on one persons income not the two of us, is that right because its a joint mortgage. Monthly income about 2,500.00. Thanks.
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Will my bad credit affect partners mortgage application
Hi can anyone help please?. My partner has just applied for a first time buyer mortgage with natwest on the help to buy scheme, he has an AIP with them and had a meeting with a mortgage advisor last week where he gave wage slips, bank statements etc. He has a great credit rating decent deposit and income. I'm worried he…
