-
self build
How do i raise money to buy a plot whilst my house sells and releases equity. I have around £135000 equity in my house. I need to secure plot for £70000 so then i can build my own house as im in the building trade.
-
Switching deal or remortgage
Hi Guys, I'm looking at taking out a new mortgage deal. I'm currently with the Halifax. We pay £607 a month. My partner earns £36500 per annum and i earn £29000 per annum. We have recently got married and would like to clear some of our debt which accumulated from the wedding and honeymoon. Our house is valued at £185000…
-
Hedging against future value (when it comes to remortgaging)
Hi all. I wanted to ask the community for clarification, and whether I'm thinking about this in the right way. I have a large mortgage (2 year fixed deal which ends in 2017), and at this time I'd like to remortgage, so that I don't have to go onto the standard rate (which is around £300 per month more expensive). As I…
-
Low salary - any chance
Hi all, I've been looking at the possibility of buying a house. I've found one at £90k in the exact area I want to be in, which would be ideal. However, my salary is low - £16k, with the promise of increases up to £20k within a year - and I would only be able to raise a deposit of £13k at the most. Would this make getting…
-
Endowment compensation
Sorry if this has been covered previously but I would appreciate some help if you can. I have had an endowment policy with Legal & General fro last 20 years and they have reported a major shortfall on it's maturation. I concede that I did receive letters from Legal & General alerting me to this over time but when I wrote…
-
Mortgage declined advice for applying to a new one
I am about to apply for a re mortgage, should I tell I had a mortgage declined 4 years ago?
-
Porting Nationwide mortgage
Hello, I'm hoping someone can answer a question for me. We currently have a mortgage of £120000 (with nationwide). Our house is worth £175000. Since taking out our mortgage we've had two children and my income has reduced. A quick affordability calculator suggests we could only borrow £65000 on our current income. We have…
-
Mortgage advice
I was looking for some advice on my current situation. I currently have an interest only mortgage of around 270,000, and my property has been valued at 430,000. I half own another property which I am about to sell, which means I should be receiving around 50,000. My husband is self employed and semi retired, and I work…
-
Lender has placed a 'Retainer' on mortgage
Hi all I've accepted an offer on my house and the buyer wants to complete, despite there being a small crack in the conservatory wall. However - the lender has placed a retainer on the mortgage whilst they assess the structural survey. Any idea how this might play out in terms of timings etc. Could the lender release funds…
-
Self Employed Mortage Best Pratice
Me and my other half are looking at getting a house in the new year, I already have a mortgage with my current house but she has only in the last year started working as a dental hygienist and is self employed. Originally I thought that you had to have 3 years of books to get a mortgage when your self employed. However has…
-
Transfer of property ownership from joint to sole ownership
Hello everyone, I would like to seek your help. I used to share mortgage with a friend but unfortunately he passed away last year. He has no Will left, his mother who lives overseas has given me the permission to own the property solely. How can I change the deed solely under my name. I already informed that bank of his…
-
Some advice, please!
Hi, Apologies in advance for my lack of knowledge!! I'm looking for some pointers? When my husband and I put our details into a mortgage calculator, the figures come out between £250,000 and £270,000. However, Halifax (as we have a deal until March) came out with a DIP of only £194500! Obviously this is a big difference -…
-
Countrywide mortgage advisor
Hi I just had my first meeting with countrywide advisor (via bridgfords Estate agent). i am currently selling my property, hoping to move out of my flat to a house. I went via another estate agent. I just wanted to ask if it's true that all mortgage brokers charge fees now. He mentioned that even london and country is now…
-
When is a deposit not a deposit?
Hi all, The OHs lovely grandad died. The MIL inherited a small sum and though there was not a provision in the will all the parents have gifted all the grand children a sum too (which I think is so lovely of them) and very much in line with his family outlook :) She has used this, and last years gift allowance to make the…
-
Remortgage procedure
I'm coming up to my first remortgage after buying in Feb 2013 with a two year fix with First Direct. Shortly after completion I left my job and set up my own business which is going really well, but means I don't have enough accounts to meet affordability so we're going to have to stick with FD. Looking at the moment we…
-
Mortgage Help - Work/Paid in Euros - Live in the UK
Hi. I'm looking for any help or advice with my situation. My wife and I are first time buyers. We have saved a 10% deposit (£30'000). Looking to borrow £270'000. I'm the bread winner and work in Ireland paid in Euros, which I move over to my UK account. My wife is on a fixed salary works in the UK and paid in the UK. I…
-
Shared Equity Notice RIP OFF
I purchased my home through a shared equity scheme 3 years ago and I am now in the position where i would like to sell. I notified the developers Equity Team to initiate the process but the document received states that "The value stated on the form will be used to settle the account irrespective of eventual sale price."…
-
Declaring outgoings and evidence on bank statements
I'm already mid application so this is more out of curiosity and panic but I'm wondering how your outgoings are assessed on mortgage applications? Our broker asked us to fill out a form stating how much on average do we spend on food, shopping, entertainment etc. I genuinely think we put the correct estimates but I just…
-
Calculating 1st Mortgage Payment
I am completing a remortgage on 14th of this month. Total mortgage amount will be £196,133 at an interest rate of 2.59%. My first payment is due on 1st of November and from talking to the company they advise me that I will have to pay 1st payment plus the interest component of the loan between 14th October - 1st November…
-
Re-mortgage Fees -adverse credit
Hello all My husband and I went bankrupt in 2010. Therefore all high street lenders are an absolute no-go but through a broker that deals with people with poor credit etc we appear to have found a lender! Our plan is to remortgage even at a higher rate, then as soon as we can, get on a better deal. (I am in a hurry to…
