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First Time Buyer. Buying House I currently rent.
Afternoon all, My first post so be gentle! :p My partner and I currently live in a rented property, and have a good relationship with the owner. This was her house and it's the first time she had ever rented it out. We asked if she would be interested in selling a few months back, and at that point she wasn't. Recently she…
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Help please? First Time Buyer - £33k mortgage
I am a first time buyer looking to purchase a ground floor flat. The selling price is £37000. I can afford a maximum deposit of £5000. My credit rating is good, I have no outstanding debts. I am self employed, my last 3 years profits have been between £10,000 and £11,500 each year. It will be a single application. I tried…
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First Home and BTL Advice NEEDED!
Hi All, In a very different position since I last posted a few months ago. I have a plan in my head and i'm viewing a property tomorrow morning, listed for £68k but i'm hoping I can get them closer to £60k mark (North-east area lol) The location is ok but will do some more research before making any sort of offer. To cut a…
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The role of a BDM
Hello :) So, recently got a DIP with a lender. Chatting to the broker just prior to making full application he mentioned that he had that very day had a visit from his local BDM for this lender who had looked at my case and advised that she was happy with it. When I queried if she could affectively authorise or flip a…
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Ltv
Is 60% the lowest LTV band that you can reach for a low rate?
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Britannia lending policy/Platform
Hi We have a mortgage with Britannia that we are looking to extend and to re-negotiate the rate as coming to end of fixed rate . I am trying to find out what their lending policy is but they will not tell me. However, is it the same as the lending policy on the Platform site as they are Britannia's intermediary arm?? As it…
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MSE - Mortgage Best-Buy Tool ERROR
Hi, Not sure if this is the best place to report this, but just wanted to let you know about quite significant error in you Mortgage BEst Buy page. Myself and probably quite few other people use MSE Total Cost Assessment (for 1yr) to rank mortgages we're looking at. unfortunately calculation within is flawed. It doesn't…
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Re mortgage advice
Hi I'm after some advice from you good people please ! I'm in a fixed 3 year first direct mortgage till October 2016 (rate 4.19) paying £800 a month repayment with a £200 overpayment. I realise this rate is very high in comparison now. First direct have quoted me £2500 to come out of this. My house is worth £185,000 I owe…
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Completion questions
Hi, relatively new to this forum so please bear with me. :) I'm buying a new build in Northern Ireland. It was reserved off plan in October and due to complete now this week. It's almost ready to go, and completion is hopefully going to happen on Thursday (the day my mortgage offer expires- they wouldn't consider an…
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Moving date pushed back!
I’m hoping someone could help me out with this please.I was due to move in to my new build home on Thursday 21st May –this date was confirmed to me by the developer almost 3 weeks ago. However, Ireceived a call from my financial planner yesterday saying she had called thesolicitor to finalise a few bits and pieces, and he…
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Remortgaging advice
Hi, I am coming to the end of my first-time buyers 2-yr fixed rate mortgage deal with my lender. I am looking to remortgage, and ideally (if possible) borrow a small additional amount ~£5k for home improvements (boiler, repointing etc). However, since taking up the mortgage two years ago I bought a car and still have a…
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Mortgage in one spouses name
Hi All, Can anyone shed some light on the legal stand point if a mortgage is one spouses name? We are purchasing our first home but for the first year will have to go in a sole name due to a few credit issues Thanks
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Mortgage / Endowment Different finishing dates
Hi I have an endowment mortgage that I took out in 1990 and I know that there will be a shortfall I extended my mortgage a few years ago with an extra amount which has now been paid off as a repayment mortgage. I am now left with an endowment policy that matures in June 2015 but my interest only mortgage is not due for…
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Woolwich Rate Switch Process
I've just applied for a Woolwich rate switch online as we're at the end of our fix with them and happy with a product offered. They're sending out a mortgage rate switch pack in the post. Can anyone who has completed the process confirm the documents you need to provide please? I may need to request hard copies of payslips…
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Buying my Dad's second home to help him benefit.
Have searched the forums and can't find advice that fits this unusual situation! My dad rents his council house which he lives in with his partner and has no benefit's and only the state pension coming in for him and a small nursing pension for his wife. My uncle left my Dad his remote cottage in his will in 2008. He has…
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Transfer a mortgage OFFER.
Hello, Does anyone know if it is possible to transfer a mortgage offer to a different property? Both properties are of similar value, obviously the new property would be subject to survey? We are really short for time and have been 'advised' by an estate agent that this is possible. Thanks Bernie
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Second mortgage advice
Hi all, I was hoping to get some advice from anyone in the know about mortgages. Apologies if this is a little long winded! My mum wants to sell her house and move to a new property. When she sells her existing property and pays off the remainder of her mortgage she will have around 120k. The houses she wants to buy are…
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What advice? 2yr or 5yr fixed...??
Hi all I'm after some expert advice. I've got to renew my mortgage and can't decide whether to go for a 2 year or 5 years fixed. The rates are good for both, but I am worried about tying myself into 5 years in case life takes a turn and I want to buy (all my money is in my house) somewhere else. The risk of 2 year is that…
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Land Loans for Defective Properties
Hi, new to forum. My partner and I are looking to buy a defective property. The property sits on a plot of land that, in the mid-long term we would re-develop. We are currently looking to purchase the property by legally separating the land from the house, buy the house in cash and take a loan out on the land. The land is…
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Property with annex - mortgage provider
We are looking to buy a property with a self contained annex and I understand some lenders don't like this because the annex in theory could be let or someone could gain occupiers rights in respect of it making it more difficult for the lender to sell the property if we were to default on the mortgage and they had to…
