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Remortgage Help
Hi all I'm currently a Homeowner 30 years old with no mortgage its worth £75k and i'm hoping to remortgage this to buy my mothers property that is worth £80k but ill be buying it for what she owes £39k. Now i have had to go to a IMA as unknown to me i had a CCJ outstanding from a phone bill 10 years ago. I have know…
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Will Interest Free Balance Transfer Affect Mortgage Application?
Both my OH and I got 36+ months Interest Free Balance Transfers ~7k totally couple months ago (6-8 months). Currently we are paying the minimum payment. I wonder whether we have to pay off all our BT all before applying for mortgage. We are first time buyers. Since the BTs are interest free for the next 2.5 years, would…
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Shared Equity Home - What to do next?
Hi all, First time poster, I am looking for some advice on what to do/we can do with a shared equity home. My ex partner and I own a house that we bought for £115k 4 years ago, we paid £5k deposit and the builders hold 20% of the equity for the first ten years, upon which we are expected to buy it from them at 20% of the…
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Do you need to provide payslips at the end of a mortgage?
Hi, Simple one here. I have a BTL mortgage which is due to expire at the end of March. The mortgage is with aldermore. Obviously when obtaining the mortgage I had to show payslips etc, just wondering if I don't change providers and keep aldermore will I have to provide these again?
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Remortgage or not?
Hi, thanks you in advance for any help. Have £325000 mortgage left to pay in 15 years. 2.5% SVR; monthly £1900. Current value of house £540000. Have other debts- difficult times a few years ago £45000; total monthly payment for that £1300. Need some essential home improvements- £20000. broker says he can get £395000…
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Virgin BTL mortgage and Newcastle BS residential mortgage
Hi, I am facing redundancy at the end of April and just wanted to know what my options are. I haven't spoken to the lenders yet, I just wanted to check on here before I raise any red flags with the lenders.... I'm wondering if either of these lenders are likely to allow me to pay interest only for any amount of time given…
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Are mortgages terrible at the moment, or am I being stupid?!
Hi, I am new to this forum, but desperate to get some advice from someone not trying to take my money! We have lived in our house for nearly two years and our mortgage is nearly up for renewal. We have £148,000 left to pay on the mortgage, and whilst we have lived here our house has gone up in value from £218,000 to…
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Remortgaging but need to rent for a year in the future
Hi, I'm getting lost going around the internet. My current mortgage deal with Nationwide expires in March so I need a new deal but I know that I will be travelling for a year, from the end of the year. I don't know how to find a good mortgage deal that I can ensure I don't get charged too much additional interest for…
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Do we qualify as first time buyers?
My wife and I are currently renting and are desperately saving to purchase our own house. I bought a house back in 2007 just before the recession when prices were at their peak. The problem is that it's at the other end of the country as I lived up north before I met my wife. When we met I decided to rent it out and move…
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Nationwide mortgage application FTB
Hi, Really really confused at the moment, submitted our application via L&C to Nationwide. They carried out a credit check at the time when they did the decision in principal. We have provided all documents, which have been satisfied. I have now been advised its been reffered to head office to be underwritten is this a bad…
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Gifted deposit
Hi My sister is gifting me the deposit for my new house, long story but essentially i paid off debt for my mum a few years ago which my mum has written into her will and my sister has agreed to give me the money and then when my mum dies that's how she gets it back. However, she is concerned that this gift will adversely…
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Applying as a first time buyer at 48?
I'm planning to apply for a mortgage next year at which point I'll be 48. I will be a first time buyer and plan to have a 10-15% deposit (depends on the house price). Am I going to run into issues with the mortgage term? The state pension age for me will be 67 but I see that Nationwide and Halifax state that the term has…
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First time buyer mortgage advice
I'm trying to buy my first house and as many others am finding the whole thing to be utterly confusing. The first thing I did was ring up a bank to see just how much I could borrow for my mortgage, and in response got a mortgage in principle. With that, I then went looking for houses I could afford based on that MIP and my…
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Remortgage Question
I currently have a property worth approx £120,000 and remaining mortgage to pay of £50,000. Is is possible to remortgage the house to generate capital? Can someone explain how this would work and how much capital i could raise? From research I think i could get 80% of value which would be £96,000 but where does my equity…
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Thoughts on our progress with our application
The Halifax team initially verified our income which was good, then asked for a letter explaining our previous glitches, defaults and reason for a NOC and referred to underwriter. We did that, and our MA sent this to them, 24 hours later underwriters asked what hours my wife will be doing when she goes back to work from…
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Santander AIP
Hi, i have limited credit history, only started building it less than a year ago, my credit rating with experian is only around 550 at the moment due to this. Im looking for a mortgage with 15% deposit. I have stable employment evidence can be provided. Santander just gave me an AIP which i was extremely surprised about…
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Overseas Gifted deposit
Hello, Can anyone help please? My husband and I are applying for our first mortgage with Skipton BS and we are using HTB equity loan as well. We have savings of £18000 separated on three accounts, on one of those accounts we have £9000 gifted deposit from my father who's living overseas (we've sent his gift letter and 6…
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Deposit in joint account query
Im looking to potentially buy a house at the end of this year/next year, as it stands I will be the only person on the mortgage. I have a current deposit amount of 20k my partner also wants to contribute 20k to the deposit. Now this is a house for our future, we have been together a very long time but are not married,…
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Pay £1500 early repayment or keep 6% fixed.
Our fixed rate with halifax as 18 months left, we are fixed at 6% :( The early repayment is £1500 so i'm almost positive that its worth us paying this, would i be best seeing a broker about this? we have £66,000 left on our mortgage, house is worth around 85k, could easily be more. 30 years to go, but currently overpaying…
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Interest only Mortgage
Hi, I am writing on behalf of my parents. They are 68 (mum) & 74 (dad). 15 years they moved away, had the cash to purchase their house outright but a broker told them they would be better to get a small mortgage (40K) so they went ahead with his recommendation - both parents were out of work at the time and only had my…
