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How to value LTV for remortgage?
We're coming to the end of our fixed term mortgage and will be looking to re-mortgage. In that time I expect that our property value will have gone up due to improvements and general area price rises. How do we know what the LTV will be for any re-mortgage application? Presumably the mortgage vendor will want to get the…
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Help! Trying to remortgage
Hi I currently have an interest only Mortgage, my husband is self employed with a profit of 20k, we are trying to remortgage to borrow more for home improvements. We have a mortgage of 167k and our is worth 270 so Ltv of 60%. When I try to see what we can borrow all the lenders calculators show they will only lend 100k -…
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Sense check??
Can anyone tell me what a sense check is??
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Add personal loan to mortgage?
My current fixed mortgage deals ends Dec 2015. House value £150,000 Mortgage left to pay £83800 Length left on mortgage 26 years Current rate 3.15% LTV is just over 55% I've found a fixed remortgage deal with my current provider at 2.39% fixed for five years. I have a broker looking into whether they can beat this. I don't…
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Shared ownership looking to Staircase. Am I still a first time buyer?
Hi there. Please excuse me if this a stupid question, I'm still a novice to this house buying malarkey. I'm in the fortunate position to be earning more and have saved up a substantial sum and would like to invest it into my shared ownership housing by buying it out right. However as it's the same property which is still…
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Connells EA - FTB - do they have the right to ask for all this before accepted offer
Hi, We are looking to buy in the outskirts of London. We viewed a nice property on Saturday. We put an offer on Monday - Connells are the estate agents - for the full asking price. We are first time buyers and in good position. We have AIP with L&C mortgages. After the offer a motgage advisor from Connells has been phoning…
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MSE News: First-time buyer need-to-knows - from low rates to Help to Buy ISAs
Now's a stonking time to get a mortgage. Rates are close to rock-bottom but you should look at your finances first... Read the full story: First-time buyer need-to-knows - from low rates to Help to Buy ISAs Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works,…
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Re-mortgage with HSBC and First Direct for self employed
Hi there I was wondering if someone may share their opinion on our situation. We're looking into options of remortgaging. Our situation is not straightforward as i am on maternity leave (from 25/4/15 until 25/1/16 - 9months) and my husband is LTD company director. He earns annual salary of circa 10k and draws some…
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Broker question
Are all mortgage brokers able to take on 'difficult' cases, or are there brokers that specialise in non standard applications? We want to remortgage and release some funds (current ltv is 35%) to build an extension/new kitchen, but my income come from PHI and although I still receive a pay slip, it is detailed as PHI…
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UK Mortgage for Overseas property
I wish to purchase a property in Nairobi My Father in law has no mortgage and has offered to go guarantor Do any UK mortgage providers deal with overseas property if the funds are secured against a UK property ? a bit clueless so any advice appreciated!
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what would e a good deposit for a mortgage?
We would like to move up on the property ladder in two years time. Family houses were we live are around 300000 gbp. I have a few defaults from debts:(:, but I have now paid off those debts.:j We have two small children. Family income is 40000. Now the question....what would be a good deposit to have so we would be…
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Re-Mortgage Advice
Hello, we are due to re-mortgage in late 2015 and after a frustrating experience with Barclays (whom we have been with since 2005 and after a house move) last time would be grateful for any advice. We (my wife and I) have a joint mortgage with approx £80K remaining, we are paying £485 p.m. for this on a detached house in a…
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Leeds BS service timeline??
Sorry to bother you all again, I realise I'm getting annoying! Just wondered if anyone had mortgaged with the Leeds recently that could help with timescales and how things progress? I'm waiting on an offer (or refusal if they don't like me!!) so just wondered roughly how long they take to offer? Do they send a letter to…
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commercial mortgage
is there such a thing as commercial mortgage to buy a business premises ? if so where is the best place to go many thanks
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Calcilations
Hi again. Could some one clarify something for me? When using mortgage calculator it advice that we could get a Mortgage of £131,000. So does this mean with a 10k deposit we could get a home for £141,000? Or is it £121,000? Just being looking at Equity loan and it is saying with a 6k deposit the government would loan us a…
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Mortgages that will clear second charge
Hi I'm hoping for some advice. I want to consolidate my main mortgage and a second charge on the property by re-mortgaging and having one mortgage overall. The total amount outstanding when consolidated is around 80% of house value so I'm looking to get an 85% LTV mortgage deal. However this is where my problems start, I…
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First time buyer new to mortgages!
Hello, I'm a first time buyer and I've started looking at getting a house with my partner. We have a very good deposit (~110k) and want to get a house around 260k ish. We could get a 4 year fixed rate mortgage at 2.39% followed by 3.99% after those 4 years. The initial monthly payments at 2.39% are £664 a month. This split…
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Do halifax still use advance payment for mortgage?
Hi guys, we are due to exchange this week with a collection date of 16th November (approx) but it could be earlier. Anyway I know our first payment takes into account the interest from 16th to months end so will our first payment come out around end of month and cover December? It works out about 1500ish I believe with the…
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Getting ready for mortgage appliction. Defaults from 2011.
Hi folks, My wife and I are trying to get everything ready for a mortgage application. We have not yet found a property, in fact we haven't even started looking, but we just want to line up all our ducks and be as attractive a candidate as we can be to the lender when the time comes. We would hope to apply for a mortgage…
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Document money given to child
Hi, My partners mother wishes to give us £30,000 towards a deposit on our first house. However she wishes to have this documented in such a way that if the relationship were to break down prior to marriage my partner/her mother would get the full £30,000 back prior to dividing any other funds that come from the property at…
