-
Can I get a mortgage?
Hi Mortgage experts. I need a bit of advice. I want to get a mortgage to buy a 40% share of a resale shared ownership property. I have a very good deposit due to my equity from my recent divorce. I worry that I won't get one because of my age---I'm 67 now. The asking price for the share is 100k and I'll probably need to…
-
Low Income Mortgage
Okay, I'm ready to move out of family home and looking for a property between 75,000/90,000 and I am currently have £25K deposit. I'm on the electoral roll, never missed any credit card payment and only debt is student loan of around £10K. However, the primary issue is my salary is £18100 and will be single applicant. I'm…
-
First time buyer on a fixed term contract...advice please
Hi, I am looking for a little advice - earlier in the year I was made redundant however found new work very quickly (just 2 weeks after coming out of gardening leave). My partner and I are looking to buy our first property. We have a 7.5% deposit and savings for all other additional fee's. However when looking into…
-
Non standard build advice
Hi, Looking for some advice as I feel my family and I are stuck. We've recently put our house up for sale and had an offer made on our property within 4 weeks of it going on sale. We thought great, then the offer was withdrawn and the reason the estate agents gave us was that the buyer has had bad experiences with Non…
-
Solex
Has anyone had any dealings with Solex? They're the Solictiors the Lloyds use. They are handling the transfer of equity on the joint mortgage I have with my ex. I need to be off my mortgage by the end of September as I am due to complete on a house using Help to Buy and they have taken four weeks to send out the…
-
Remortgage advice accounting for possible future BTL
My current situation is a as follows. My wife and I have 2 kids, aged 2yrs and 9weeks. We live in a small 2 bed flat, with about 35% equity. Our current mortgage deal ends 5th December 2015. As we are out growing our flat, we plan to buy a house. For this we have enough money for a deposit, but can't access the money until…
-
Remortgage advice accounting for possible future BTL
My current situation is a as follows. My wife and I have 2 kids, aged 2yrs and 9weeks. We live in a small 2 bed flat, with about 35% equity. Our current mortgage deal ends 5th December 2015. As we are out growing our flat, we plan to buy a house. For this we have enough money for a deposit, but can't access the money until…
-
Remarkable times.
So i have just remortgaged with NW as i am coming to the end of my fix. I have remortgaged from a 3.4% 2 year fix to a 2.34% five year fix.!! Now i know in this era of long term ultra low interest rate we have come to think of these sort of numbers as unremarkable, but this isn't my first time at the circus and i have had…
-
Will Halifax e-mail my broker when mortgage offered?
Hi all, When Halifax have approved my mortgage, will they e-mail or call my broker to let him know? Or does my broker have to wait for a letter through the post or chase Halifax up after the valuation? Thanks
-
Advise please - just been turned down for house move mortgage
I have spent most of the morning on the phone to my current lender (first direct). We have had an offset mortgage with them for 7 years. I have got a new job and we are therefore relocating 130 miles up to Yorkshire. We are looking to buy a house at 275k with a deposit of 100k (<65 LTV). My current salary is 66k and…
-
Letter from Employer / Maintenance Letter
I have been told they will not accept a letter of "reference" from my employer confirming that my salary from next month. The letter has to be addressed to me. I was just wondering if a similar thing applies to the letter they require from my ex confirming maintenance. Is it to be addressed to Nationwide or to me?
-
Remortgage BTL low income
Just a quick post to see if anyone knew of any lenders that aren't strict on the 20k min income for BTL. I do have an income over 20k a year, but they will only consider 9 of it for my application. Have spoken to an independent advisor, but i'm not keen on paying their fee and a new application fee for the mortgage too.…
-
Remortgage, Natwest or Bank Of Scotland?
Hi all, I think I have the option of two places for a remortgage. Natwest or Bank Of Scotland both seem to offer identical products 5 year fixed, 2.23%, same fees etc Does anyone have a preference over the two? Is there anything I should find out that could make them distinguishable. Any thoughts appreciated, Thanks
-
Can I get a Mortgage with these circumstances?
Hi all, I'll try to keep this as brief as poss... I was named on a Mortgage with my father a few years ago on the house we lived in. I was only named on it due to my Fathers age (he was approaching late 50's at the time), he didnt think he could get a mortgage, so asked me to put my name down with him. I was only young at…
-
Clerical Medical Address
Hi I have one of those useless Clerical & Medical Low Cost Endowment policies from 1989, which has reached its end term a while ago but they've not contacted me. I only have an old address so can someone help me and tell me who now holds this policy and their address and/or email. Someone may have had one mature recently…
-
Which mortgage is more expensive please?
This is quite an embarrassing question. I have 2 mortgages within my mortgage as I recently took on some additional borrowing. The first part 103,000 is on a tracker of 0.89 above base rate. While the additional borrowing of 50,999 is on a different tracker currently at 1.74%. I can overpay which I would like to do-and I…
-
Halifax Mortgage Questions
We have made an appointment to discuss our first mortgage. We have been told to bring the last 3 months worth of payslips and this month's bank statement. Does this also include a credit card statement or just our current accounts? If we receive a DIP, do we supply any more documents? I have searched through the forums and…
-
Keeping some of equity on sale
Hi, I have just sold my house and had an offer accepted on a purchase, I will be using the equity built up on my current house to pay the 10% LTV. By my calculations I'll have about £5k equity remaining once this is paid, I just wondered how this works in terms of keeping hold of this, will it just remain in my bank on the…
-
Buying Mum's Council House
Hi My mum has lived in her council house for over 50 years and has received a leaflet from her Council re Right To Buy. I should imagine she will get quite a large discount due to the time she has been a tenant (I could be wrong - don't know much about how this works) and the family were wondering if it would be possible…
-
Any approved mortgages when you thought chances were low!?
Can anyone share their success story on approved mortgage applications when you initially thought your chances were low, and if so how much can you borrow? Details of income and ltv would be helpful thanks
