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Help! YBS tell me I can port mortgage, then tell me I can't for some bizarre reason
Hello, Advice needed please... I own a property with a market value of £575k and an offset mortgage of £172k with the Chelsea Building Society / Yorkshire Building Society fixed until 2020. I want to keep this mortgage as the early repayment charges would cost me £7k! I would like to convert this property into a buy to…
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First time buyer, gifted deposit
Today I have had a offer that has set of a million questions! We are currently renting a house that we adore. We have been here for 5 years. Our landlord is great! He was here today organising a new kitchen floor when the conversation turned to if we would like to buy the house. Of course we would if we had the deposit. He…
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Advice Needed!
Hi, Looking for some advice please. I am a first time buyer and have recently had an offer accepted for a property. The Estate Agent has contacted me to say they cannot take the property off the market as they require "proof of funding" My broker has therefore contacted them to let them know I have financial agreement for…
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Help to Buy London - How much am I eligble for?
Hi, just curious as to how exactly this works as not 100% sure. I have a £35k deposit, if I took out the 40% london help to buy how much of a mortgage am I eligible for? My salary is £35k a year. Thank you
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What happens if you cant get money by confirmation date for mortgage?
The final day whatever it's called, when you handover the contract for a flat is the date set in stone? if cant get money there Is the date final and cant be extended by another week?
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Any chance of 90% LTV?
Hi there My wife and I sold our home in the summer and decided to rent for 6 months whilst we looked for somewhere bigger. We have 25k deposit and are looking at places at between 215k and 245k. We have only just discovered my wife has a settled default for £1000 on washing machine from Comet in 2012. (Partly her fault and…
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Help to buy and payment of equity loan
:j I have been in my new build property for 6 months and extremely happy. As I like to have plans for all events I have been thinking about my equity loan (I took the full 20%.) Now some things have changed in my life and I am considering selling an asset which would enable me to pay the equity loan off in full. Or in 2…
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Hi brokers,is this achievable?
Looking to move house with a value up to £175,000-£190,000. Current equity of £35,000 for deposit. Joint income of £45,000 Wife has nationwide CC,£1200 limit £0 balance,£150 per month car payment,next account £5000 credit limit £0 balance. Her credit file(mobile phone contract,car payment,mortgage) is almost spotless,just…
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Using the H2b isa with h2b scheme
Can you double up on the government schemes? I've opened an ISA and been given the AIP by halifax, can i use both help to buy schemes together?
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First time buyer - Options
Hello, I'm currently looking to buy my first place at 25, I've done a lot of research regarding the different schemes, Equity loan, Help to buy London and the mortgage guarantee. I've been saving for the past 5 years or so and managed to scrimp together £45k+ of which I planned to use £25-£30k as a deposit on my first…
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two bank accounts - (re)mortgage applications
Is there any issue with me having two bank accounts - one for bills & income, and one for everyday spending? I find it easier to manage my finances like that, but does this pose any issue with lenders? The lenders usually request to see last 3 bank statements (in my case it would be 3x statements for each bank acct,…
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Mortgage Calculator
Hi, I need to apply through Santander as I've lived overseas and I've just returned. Basic 130K OTE 160k. If I forget the OTE of 30K as it's not proven so they wont accept. Any idea of what they'll lend me? Are the mortgage caculators a good indication or are they conservative estimates? No debt, no credit cards Good…
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Halifax have taken £430 Good Sign?
Hi All, Halifax have taken what I imagine to be the valuation fees out of our account yesterday? However they did ask for a letter from my wife and I explaining our previous glitches such as defaults. How often do people still get declined after fees have been taken out? Regards
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FTB Advice
I need some advice on what to do in preparation for a first time buyer mortgage. I earn £40,000 a year and currently have £10,000 saved for my mortgage, however I have a debt of around £8,500 on a 0% interest card. Will this debt be taken into account when I apply for my mortgage? My monthly re-payment is £150. Should I…
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Remortgage to pay off shared equity?
Hi there, My question is pretty much what is said in the title. Is it possible to remortgage to pay off shared equity? 30% of my property was paid for by Lift's open market shared equity scheme. Would any banks give you a mortgage based on the full value of the property to pay off the equity?
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Mortgage with defaults?
Hi I am interested to see if you think we may be able to get a mortgage. I have an appointment with a broker but not until next Friday so just would like to seek your opinions. My husbands bankruptcy has just dropped from his credit report and the report has no adverse credit on at all. My credit report has three defaults,…
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NRAM refusing to extend negative equity mortgage term please help
I'm posting for help for my Mum as we're not sure where to turn. Mum and Dad were Northern Rock customers for a number of years - they moved to their current home in December 2007 and ported their interest-only mortgage. They borrowed £100k to purchase a £108k house (93% LTV). All repayments have been made on time (they…
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Looking at btl mortgage but on 0hrs contract
Basically as title says. On 0hrs contract with council. Would this be a problem? my current residential mortgage is on a self certified basis. This is 10th old so not sure these even on offer anymore. I'm in Scotland if that makes any difference. Cheers
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Lender Mortgage Update - Requested More information
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can i remortgage
Hi guys This is my first post on here and basically I just wondered if I'd be able to remortgage my property to pay for some of the rennovation work I've had done. This is the first home I've bought and we got it at a bargain for only 62k with a 10%deposit on a 0.5 % intrest rate. The downside was it did required…
