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Is this realistic?
Wanting to upsize. £50k deposit made up of £20k equity and £30k savings. Joint Application A) £10k employed part time B) Self employed, LTD company accounts £28k directors remuneration last year, £15k previous year Both credit history is spotless, plenty of 10 year+ settled accounts, no late payments/CCJs etc. 2 dependants…
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Remortgage to consolidate debt
Good afternoon! After some friendly advice please! Our house was purchased for £216,500 in Sept 2007 with mortgage of £183,500. We built an extension on the rear and just done a loft conversion. House value has gone up to £370,000 and current mortgage is £155,000 with BM. We spent around £35k on credit cards and a small…
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Issues with the Woolwich for mortgages?
We are in the process of trying to sell our house, and our buyer is using the Woolwich (which I understand is part of Barclays). We ar enow 3 months into the selling process, and our buyer is still waiting for their mortgage offer to come through. A couple of weeks ago, they asked for an additional document to indicate a…
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FTB Advice
Hi All, I'm looking to take the plunge and buy my first property and wanted to run this past you guys for any advice just so that I can get my ducks in a row before approaching my building society. - I have £15k saved in a Nationwide FTB ISA which should allow me to get a 95% mortgage with them. As far as I know, my credit…
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Mortgage with old default
I am planning to apply for a mortgage as a first time buyer and worried about some old defaults in my credit file. I am seeking to buy £200K home with 5% deposit (£10K). I am employed full time for the past 8 years (4 years with the same employer) and earning £51 K/yr. My wife is a homemaker so my income would be…
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What percentage of salary is your mortgage?
Hello, I hope this is the right place to ask, husband and I have finally found a house to buy, great place, great location, no chain, very happy! However, we are paying more than we had planned for it as the market is bonkers in the south east (and we fell in love with the place) I'm happy we can afford the repayments but…
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2 Year fixed ending.
Hi I am in the process of remortgaging, my situation is exactly what it was two years ago when I took my first mortgage. Stats House value 225k now similar houses going for around 310k, it was rundown property so i added value to it as well. Present mortgage 175k outstanding I am thinking of going for 5 years fixed. I am…
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When do estate agents get fed up waiting!!
Just a quick question - it is now about 5 weeks since I made an offer on a property. I got an AIP a week after viewing and then had to wait 3 weeks before I could submit a full application due to needing a current p60 which my employers hadn't yet issued. I told the Estate agents this and finally received my p60 last…
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Is this possible?
Hi, This is my first post so i'll keep it simple. My house is mortgage free, but me and my son want to raise some capital against it. due to my old age, nearly all lenders (even speciality ones) have rejected any idea of it. The only other option we may consider is transferring the deeds to my son's name and remortgaging…
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Looking for some general advice
Hi, my partner and I are first time buyers and I'm finding the whole thing a bit scary, so it would be great to get some advice from people who know what they're talking about in an experienced way rather than the reams of advice on websites. My dad recently came into a large sum of money and we (my mother and I) have…
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What is the shortest mortgage tie in?
Does anybody know if there is such a thing as a flexible mortgage? We are looking to buy a fixer upper and sell within a relatively short amount of time so want to avoid early redemption charges. Is there such a thing?
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Tiny Studio - Mortgage Attainable?
First time buyer here. I've been looking at small studio apartments. Most seemed to be marked "Cash Only". When I call the agent to enquire as to why, the most frequent response I've been given is that lenders don't give mortgages for properties under 30sqm. However to get a desired property Central London I can't really…
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What is the best tracker mortgage rate you have or seen?
We got a 0.17 plus base rate mortgage with Woolwich in 2007 with 60% down with no fee. The Woolwich rep who was leaving said it was a super offer. Did they ever go lower than this or even "base rate only" trackers?
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Mortgage affordability & debt
Hi I'm hoping someone can help me here as I'm becoming really worried. Ok here it is. We are due to remortgage in October and I'm very worried that we will fall foul of the new mortgage affordability rules. Our combined annual income is approx. £44k, we have almost £20k in credit card debts all on 0% deals and £10k car…
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Elderly mother's IO mortgage ending, can't pay!
Hi My 84 yr old mum's mortgage ends in 6 months and she has no means to pay it. She owes £26k and the property is worth £280k. Moving her is not an option. Lender has suggested either Equity Release or a Lifetime Mortgage, which we are nervous about. If we were able to raise the funds would my sister and I be able to clear…
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Help with mortgage product fees
Hi all I'm getting a bit confused with the product fees on mortgages and whether or not they are a good idea or not. My current 4.24% fix ends at the end of June so I've been looking around. I am comparing two deals at present: Deal 1 - 2 year fixed rate, 1.64% = £770 payment monthly, with a £999 product fee Deal 2 - 2…
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Deposit money from abroad? Help please
My fiance and I would like to buy a house in the UK. She is from Brazil and I am a UK citizen. Can she send her money over to the UK to put it towards the deposit on a house? The mortgage will just be in my name as she is currently working in Brazil and not a UK tax payer.
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Mortgage fix ending. Options?
I have a 5 year fix with Britannia which is due to end in August so I'm thinking about my options. The balance outstanding will be approx £105,000 with a property value of approx £220,000. Looking for a term of 15 years Both myself and OH earn approx £21,000. I am currently on an 18 month fixed term contract, OH is…
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lender rejected me after changing stance on payday loans
I am sat here almost in tears after just receiving an email from my broker telling me the lender rejected my application due a recent change deciding not to lend to anyone who has EVER had a payday loan. I had some defaults on my file from 2011 which were discussed and fully disclosed to the lender at the AIP, and they…
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Second mortgage due to five year fixed
Hi I hope I'm in the right place. Just looking for any advice. I have a five year fixed mortgage with Nationwide that run out in about a year. I'm moving house and need to increment my mortgage, which due to the five year fixed, I think means taking out a second mortgage? I just wondered whether I have to take out the…
