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Loan for deposit
Hi We are homeowners with a low negative equity at the moment but planning to move to a bigger house. Thinking to top up our saving with an unsecured loan. Loans for £7-10k appear to be at a lower interest than our current mortgage at the moment. Thinking to take out a personal loan, put it on a saving account and use it…
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Mortgage Broker
Hello everyone, I have been in discussion with a couple of mortgage brokers and have a couple of questions: Firstly, how much should we expect to pay in fees? I know this is an extremely vague question as each case is different. Adverse credit so I'm going to assume more than standard. As an example one broker has said…
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Possibility of mortgage on temporary contract
Hi all, Posted this originally on the house buying thread but was advised this would be a better location for the question. I was looking for some advice. I am currently on a grad scheme, 12 months into an 18 month contract. Myself and my partner have saved up around £15k for a house deposit and were hoping to start…
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Joint mortgage to single.
Hi. I am looking to remortgage. Our joint debt to income ratio is high. Mine individually is lower, and the mortgage required is roughly 2.5 times my salary. If I was to remortgage to a new lender as a sole application. What would be the worst case scenario for my wife. I assume God forbid, if we were to seperate, then she…
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Direct Only Deals
Hi all We're currently FTBs looking for a house and was wondering if someone could shed some light on direct only mortgages. Looking for 85% LTV and I can see rates of around 1.9% are available to us on a 2-year fix and they are direct only deals. I've been to a broker, who obviously can't tell us about these deals (as…
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Nationwide blues
Has anyone experienced problems with Nationwide which have been successfully rectified by their Complaints Dept? I have endured a succession of errors made by a Nationwide mortgage consultant which by acting on their advice has resulted in me being out of pocket to the tune of thousands.
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Help FTB lease question
Hi All I completed on a flat purchase in July 2015, this weekend i receive section 20 letter from the managing company stating they starting redecoration April next year and i need to pay X amount - it is a very significant amount. In one of the info packs i received from the solicitors on completion there is a note that…
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mortgage questions (what to do)
hi all coming to the end of a 2 yr fix in Dec / Jan with Nationwide (3.24% - originally FTB with 15% deposit) and need to consider what to do. House was bought 2yrs ago for £270k with a 15% deposit (hence the bad interest rate). Its now worth about £325k (accoridng to an agent) and we've overpaid so we owe about £212k now,…
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Hill Samuel Mortgage
I had a mortgage with Hill Samuel in 1988 for around 5 years, i suspect i may have beenmis-sold ppi but have no idea where to start tracing this any pointers much appreciated
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Any mortgage advisor recommendations in West Midlands / Walsall?
Hi all, long time lurker first time poster here. I'm trying to find a good mortgage advisor in the west midlands / walsall area. I'm a first time buyer who has found a nice place and opted to use an estate agents for my mortgage advice (won't mention which one). They've been pretty useless in finding my mortgage and i'm…
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Mortgage Declined with Kensington - Strange reason
Hi, My mortgage today was declined by Kensington saying "We are unable to progress with this application because we saw different information held by other lender against me?"???? My broker has recommended to order Hunter report, what is this? Any ideas? Many Thanks!
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FTB what could i get?
Hi everyone. Made a throwaway account as having my financial details tracked didn't seem great! I'm looking to buy my first place and I'm a bit daunted. I was considering going to a broker but I don't have adverse credit so may be I should go straight to a bank? How likely am I to even get near what I hope to get? I'll try…
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Depressed, mortgage sourcing!
Reserved a property on a new estate - hope to do help2buy equity loan. Gone through a broker, but am having difficulty getting a mortgage :( Nationwide have referred us - Which I think means to assess more thoroughly, however they want the 1K fee up front and we may not get the mortgage and then lose it which seems unfair!…
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Mortage how much can we borrow??
Hello, Having had 3 house purchases fall through after being gazumped, under valued etc we how have decided that we want to find a forever house and stretch ourselves so we don't have to move again for a long long time. The question is we will be moving into rented shortly after selling our flat (new address) and now have…
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First time buyer mortgage?
Hi, What count as "first-time" buyer? I am not looking at government help but I have noticed that I can get 95% LTV on a 1st time mortgage and 90%LTV on a regular mortgage. Does it mean "chain-free"? I have an BTL (a flat I bought 10 years ago). I have been renting for 6 years and I am chain-free. There is a great house in…
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brokers? and how much can borrow
Does interest only mortgage still exist? Also how much would a person on 30k borrow ? With total spending of 400 monthly I'd the formula still salary take away expenditure multiply by percentage? Then divide by stress interest rate multiply by thousand? Do banks still use income multiples ?
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why brokers?
Why do people use brokers? Is it better to go straight to the bank to avoid broker fees? I'm not knocking any brokers. Just wanted to know advantages and disadvantages?
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Need about 30,000 maximum for loft conversion
Hi, I am just after some advise as to the best way to start the ball rolling with this. We are looking at converting our loft, which I am thinking is going to be a maximum of 30,000 all in, so want to find out the best way to generate the money. Currently, we have £96,537 left on a five year mortgage with Barclays (at…
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Helping parent to buy
Hi there My mum would like to move to London to be closer to us and her grandchildren and we would very much like that too. She wants her own place but the difficulty is, selling her home in Scotland would only really generate a deposit and at 63 she is unlikely to get a mortgage and doesn't have the income anyway to pay…
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reusing a mortgage broker
Hi. We purchsed a newbuild almost 2 years ago and uses the mortgage advisor recommended by the company that built the development. We found him really good, he got us a great deal on our mortgage. Now my question is this-can I just email this guy and use him again now our 2 year fixed rate is coming to an end or was it a…
