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Mortgage for Spanish property
Hi all, Income: 21,000 CC debt: £5500 - Minimum payment @ £55 FT Student - Not paying loan back No other financial commitments I'm looking to purchase a property in torremolinos; a 2 bed apartment repossession for £45,000. La Caixa will only raise me 80% LTV leaving me having to find £9000 as a downpayment. It's a 20 year…
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Thread on bankruptcy forum
Anyone wanting to add their comments to this;- https://forums.moneysavingexpert.com/discussion/comment/70053144#Comment_70053144 please do so. Ta
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Concessionary / General Mortgage Advice
Hi, I’m new to this Forum and would really appreciate some advice, I’ve been reading these threads for years now and always come here when looking for info as members seem so helpful. So here goes. Currently my husband and I rent a house of my dad. We pay £400 a month, which we have done for the past 3.5years. We are…
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Mortgage about to collapse
Okay, I'm wondering if you can help... Found the perfect property, put in an offer, sale was accepted. Went for a mortgage with HSBC and mortgage was also accepted. Solicitors are working away and all is looking good... Until I receive a call off HSBC saying that the valuator doesn't value the property at £130,000 but…
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HSBC Mortgage offer & JOb Loss
Hello, I am looking for a bit of an advice really. We are first time buyers having our offer accepted on aproperty. The mortgage offer has been made to us by HSBC bank and valuation report came back satisfactory. There is a new built property in the chain so wecan’t move to the property until new built is finished. The…
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new job
What's the general consensus on getting a new job before applying for a mortgage. The job would be in the same industry, higher pay and around 2-3 months before the application. There won't be a gap in employment and the reason for changing jobs is career progression.
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Getting a Mortgage Abroad
Does anyone have any info on the best deal for getting a mortgage for a property in Spain. I do not have a property here and am easily able to pay back a mortgage / Loan for £120,000. I'm just having problems trying to source who or how I can get a loan or mortgage for that amount in the first place. I know if I wanted a…
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UK Citizen paid in USD. Can I get a mortgage?
Hey all! So I am currently in the situation whereby my girlfriend and I are in the process of getting a mortgage. In-fact, we have a mortgage in principle with HSBC of £270,000 GBP. The only thing that HSBC are unaware of (and I innocently didn't think to say) is that I am paid in USD from a company registered in Hong…
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Mortgage Broker Fees
Hi, Can I do a survey of how much average independent mortgage broker fees are? I've been quoted £1600 for a residential mortgage of £400k, plus another £508 for a BTL remortgage of approx. £120k, both with the same broker. Thanks
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Broker Recommendation
Hi all, can anyone tell me best way to find recommended brokers? I have no family or friends locally to ask and can't track any reviews on Google for local companies thanks, kelly
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Any Thoughts welcome!
Hello Folks I have a mortgage advisor coming to see me tomorrow night who has been recommended by friends. My situation is thus. I have property with my ex wife which is about to going on market. Outstanding mortgage 108k. I am hoping to buy a property with my new partner and we have had an offer accepted. Price is 138k.…
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Porting mortgage with Nationwide
We are currently moving by porting our mortgage as well as obtaining a top up amount with Nationwide. We are doing this through a broker who has said it needs to be done via paper form, this was sent to Nationwide on Friday. Does anyone have any idea of how long the application should take from now? Is it longer than the…
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First-time buyer - Government equity loan
Hi, I'm a first time buyer and together with my brother (also a first time buyer) want to step into the property ladder by the help of the Government equity loan, 5% deposit and 75% mortgage. We both earn £1734 and £1450 after tax monthly and the only outgoing monthly obligation is a car payment which both my brother and I…
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Help to Buy ISA - Do I qualify
My wife and I have been working abroad in Asia since 2013 saving for a deposit for a home. We are looking to return around mid 2017 and curious as to whether we qualify for the Help to Buy ISA scheme. It states applicants must be "UK resident for tax purposes". I get a bit confused as to non domicile, resident etc. Am I…
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Age and reducing mortgage payments
Long story, but I live with a family member, and she's mid-60s, and I'm early 30s. We have a mortgage together on the house. We're looking to try and get the payments reduced from about £600 per month to something lower. We've approached a broker, and we keep getting declined because of her age. Is there anything that we…
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Remortgage - acceptable reasons
I want to raise £40K for school fees by remortgaging. Would have a LTV of 44% if I did so. Mortgage calculators suggest I could borrow the amount being sought affordability-wise. My question is when I apply for a remortgage, will the new provider being applied to ask what the balance between the current outstanding amount…
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FTB - need advice
We are FTB with 60% deposit and have been looking for a 3 bedrooms house(300-380K) in SE about 3 months. We are hoping to pay off the mortgage in 10 years or less. Unfortunately, we have no luck to find our dream home. I have been out of work for half year and my partner is self employed. In this situation, I was wondering…
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Remortgage to release equity for this reason ?
In 2017 I want to remortgage to release funds I'll approach a broker nearer the time but initially wondered if this borrowing was the type they lend on ?
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Help please, Santander delay might lose us our new house!
Hi Hoping someone can help me please! Apologies for long post. I have a mortgage with Santander, I'm married but it's in my name only as it precedes my marriage but is our marital home. Tied in to fixed rate 3.5% till November. Since the initial mortgage I have had twins, they are a year old and I returned to full time…
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Can I pay monthly for a few and then pay in full?
Hi all!! Like my name suggest I have not a clue. I am currently in a home I own (given by family member). Another home has come up that I love and is exactly what I have been looking for, however, My current home is not yet on the market. My question is, is there a mortgage that I can get now and pay it off monthly until…
