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Shared Equity Confusion...
Hi There, Looking for some serious help on our shared equity situation. In 2010 we bought our flat for £135,000 brand-new from Redrow. The flat was fairly priced based on the other 4/5 developments in the area etc The flat was bought with a 75/25 shared equity scheme. However 14 (ish) months later Redrow sold all…
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Self Assessment Tax on rented propert
Hi, just wondering if this has come up before? I rent out my old house and currently have mortgages for that and the house I live in now. The house is worth about £110,000 but I only have a mortgage for £55,000ish, should I look to remortgage that one to the full value, so that I can claim more tax relief for the interest…
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Single FTB poor credit rating
Hi I just wondered if someone could give me some advice. I've always rented but I'm in a different position now financially and am saving towards a deposit. I just wondered, my credit rating is poor, it was fair but I applied for a credit card to build my rating, I was accepted and I'm now using it to pay for my petrol and…
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Getting a second mortgage
I'm interested in getting a second mortgage. My existing mortgage is for a house which I currently rent out to a tenant, due to relocating away from that area. I'm renting where I live now but would like to buy a new property to live in here. Can anyone tell me if a new borrower would need a valuation of my existing…
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Nationwide mortgage nightmare
Is anyone else having the same nightmare with nationwide mortgages? We originally applied for our mortgage in May 2015 and have been messed around to ridiculous degrees! Nationwide have requested different pieces of paperwork and everytime we put the paperwork back in we are told it will be another week until we hear. The…
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Mortgage overpayments?
Hi I'm just after a bit of advise on which sub account is best to make overpayments on? Our mortgage is split into 3 sub accounts 1 - balance of £22,366 @ 4.95% 2 - balance of £66,137 @ 4.95% 3 - balance of £28,344 @ 1.84% 1 and 2 are Bank of Scotland Home Loan Rate and 3 is 1.34% above Bank of Scotland Base Rate.…
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First time mortgage application advice needed
Hi, We are, in the next couple of months about to apply for a mortgage to buy our home. I have been reading on the advice pages that mortgage providers prefer people to keep to 50% or below of there available credit. I have recently got a 0% money transfer card which I intended to pay off the remainder of a personal loan I…
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Guarantor mortgage / buy to let help from father?
Hi all, I'm very much stuck in the rental market. I've struggled all my life and got a terrible credit rating etc. I've never had a mortgage myself and I'm 35 now with a 15 year old son. I'm a single parent on real low income but surviving (just!) on working familes tax credits and my low wage. I've just got into the fire…
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Transfer of title deed
Hi i'm wondering if people think this is on the expensive side for solicitors fees to do a Transfer of Title deed? This is in Scotland if that makes any difference. I'd thought maybe £300-£400 but £600+ seems a bit much? Fee £318.00 Title Indemnity Policy £63.60 Advance Notice Registration dues £20.00 Registration dues…
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Looking for mortgage for 2nd Property
My wife is trying to get a £100k mortgage, based on a £40k full time salary with £50k deposit, to buy a 2nd property as a weekend bolt hole, but not as a buy to let. She has been turned down by First Direct because it won't be her main property, and Virgin Money eventually turned her down, because the Flat she would like…
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Mortgage insurance advice
So I'm guessing the standard advice of "speak to your broker" stands here, but I'd be interested in other people's opinions first. What would peoples advice be in regard to what insurance would be appropriate for a first time mortgage in my situation. I'm 35, separated, and have 2 kids (eldest being step-son) who are…
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Mortgage for overseas properties
Hi there, Does anyone have any advice on obtaining a mortgage for an overseas property? I have done a google and not much turns up. Are there any UK lenders that will lend for this? Thanks, Lee.
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Equity loan lender turned up on doorstep unannounced- BPHA Homebuy
7 years ago I took a small 5% equity loan through the Government homebuy scheme to help with the deposit on my house. No problems with it until now. Yesterday I received a letter from BPHA who administer the Homebuy scheme in this area, it was rather snotty and to the point saying I was in breach of my mortgage agreement…
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Help To Buy - HELP
Hi All, I'm trying to work out the best way to buy my first home and I'm a little lost between the Help to Buy Mortgage where you have a 5% deposit and the government add 20% which you then repay or the Help to Buy ISA where the government will add £50 for every £200 saved per month to go towards a deposit. I was wondering…
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90% mortgage with ccj?
I have 2 settled ccj totalling 3k3 years old at end of year. Any chance of a 90% mortgage early next year.(have ahd mortgage for 10 years never missed payment). Was thinking woolwich perhaps?
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Mortgage and overdrafts
So I am currently saving for a Mortgage deposit with my girlfriend looking to buy somewhere hopefully in the middle of next year. On a help to buy new build scheme. I have saved a bit of money towards it (5k) and have no debts etc. And currently a good credit score. My girlfriend is saving aswell but not quite as much (2k)…
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really need help here. very upset
OK so 3 years ago I made a huge mistake and got my ex boyfriends name on my mortgage. (Together at the time ) the day he left me for another woman I discovered he had ran up debt that I was unaware of and left me with debt I had got in my name for us. In order to keep my flat I had to go debt management which has ruined my…
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Nationwide Mortgage Valuation
Ok, so this has been mentioned a few times recently, but:- If the valuation was Monday, and the mortgage people had the report on Wednesday morning, and I haven't heard anything from them by now (everything tracked by text or e-mail), am I safe to assume my house has been valued the same by the valuation and by me as I…
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Remortgaging
Hi all Just a quick one for people with more experience than myself Myself and my brother own a flat 50/50. We were saving to buy another originally but now thinking of re mortgaging our current one to raise some equity. We owe £74k on our existing flat, we havent had it valued as its been rented out as we speak, but we…
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Completion nearly here. CREDIT?
So we are near the completion of our mortgage and could be in the house in about 4 weeks time. Obviously my car has packed in and it isn't a cheap job, (head gasket at best) i was going to be getting rid of this car when we moved in anyway and get something now on finance or bank loan. There is no way i can take credit…
