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No partition walls in loft- problem??
Hi all! We've got buyers lined up for our house, but at the valuation, they down valued by £2k due to there not being a partition between us and the neighbours in the loft space (it's a 100 year old terraced house). The buyers are now under the impression that their mortgage offer will be subject to them adding said…
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mortgage naïvet!
I am due to re-mortgage shortly, house prices in the area have increased significantly since we purchased the property. My question is how do we demonstrate this to the mortgage company, is it a case that we provide valuations from local estate agents and they accept that? Do they obtain their own estimate? is it a…
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Condition on Halifax mortgage
Hi We have exchanged on a property and due to complete next Friday. I am losing sleep slightly as one of the conditions of our mortgage is that we repay our debt before completion. We did state to our broker that out debts would be repaid. However, we have paid all but one outstanding loan. Unfortunately we do not have the…
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Is this a good way to buy a first property?
Hhgffghghh
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Valuation & surveys
Hello all, FTB here. I've had an offer accepted & mortgage approved subject to valuation. I've been advised by my broker that the valuation will be this week. now my broker said that to get Halifax to do the survey aswell would be much costlier than getting it done elsewhere. She said that should Halifax identify any…
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Possible amounts to borrow
I am looking to buy a home that's 325k, I have a deposit (equity from pervious property and saved cash) of 145k so need a mortgage of 180k My husband earns £33,280 per year minimum I earn £4.592 I also get child benefit for two chrildren £1788 a year No debits, no childcare, no finance, shopping £70 a week and average…
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Mortgage affordability
Myself and my partner are currently saving for a mortgage, we expect to have 20k deposit in the next few months. Combined we earn 65k an are looking in the region of 200k for a propert. Combined dept is 31k, 1 loan with a £300 payment per month for 9 years. Is this likely to impact our ability to find a mortgage. Help much…
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Mortgage deal ending and car finance?!
We are looking to fix our deal again later in the year as runs out October. Help to buy Scotland with nationwide and keen to stay with them to avoid fees in relation to redoing the ranking paperwork. Circumstances changed in that we now have 2 dependents compared to initial application. Will they credit check us or should…
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Constant to let interview
I'm planning to rent out my property which is currently on a residential mortgage with Skipton. I called to arrange consent to let and they have said I will need a telephone interview first which can't take place until next week. Does anyone know what they will want to cover on the call? I understand they will increase the…
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New mortgage application
Hi, Having followed these forums for a while I have finally chosen to take the plunge and ask for some advice :) We have a 2 bed house which we are looking to sell. At our last valuation in August it was valued between 220,000-230,000. We have £165,000 left on our mortgage. We would like to buy a house for around 300,000…
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Help I'm struggling!
Please can someone advise me. I have never been short of money thanks to this website however I now realise I have made a massive mistake. I am a single mum and work part time but managed to buy my own house with cash. I now need approx £25,000 to do some renovation which I thought I would easily be able to borrow. How…
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Mortgage guarantor help please
Hello, This may be a waste of time but I'm hoping somebody may have a bright idea... My husband and I have rented the same property for the last 9 years and have just been hit with the 'landlord wants to sell' news. This is the only home my son has even known and we have a lovely relationship with our neighbours who are…
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Taking mortgage from UK bank while I have another international account
Hello, I left with one question that really bother me. I'm just a step before give the OK to the mortgage lender. My status is: - I live in the UK since Jan 2015 - legal with an EU passport. - I have an HSBC account (more than 6 months) where I pay my bills and rent with an updated UK address. - I'm a permanent employee in…
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Mortgage Application - Save more or clear credit card?
Afternoon all, I'm applying for my first mortgage on Tuesday. Tuesday is pay day so will allow me to save the extra I need to apply for a 95% mortgage. I then have an extra £350 from my salary that I'd normally put into savings as well but, I'm wondering if it looks better to the mortgage company to have a bit more than 5%…
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Mortgage on a joint owned property
Bit of a strange one here... I own a property with my mother. The property is owned outright and we have no mortgage. Myself and my wife want to get a small joint mortgage (25% ltv) against the property to carry out a loft conversion and extension. All 3 of us live in the property. My mother is happy for this to happen,…
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Proof of deposit (full?)
Hi, I tried to find an answer, but I didn't so I'll be specific for my case. I would like to pay a deposit of 61K, at the moment I just a day before start the credit check. I have 2 bank accounts, together they have 40K I also have investment account (TD Direct) with 17K I plan to deposit for about June, and I have salary…
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Broker or direct? FTB
Just looking for some advice about approaching the mortgage as a FTB. My husband and I have not had the cleanest credit histories - mine is pretty good now (a default dropped off last year) and financial behaviour has been clean for a few years, no late/missed payments, no loans, staying way under credit card limits etc.…
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Shared Ownership Mortgage
Shared ownership mortgages Any advice about part repayment and part interest only mortgages would be welcome.! Son is looking at buying shared ownership property- not actual fugues but along the lines of - property value is £250k he is buying £100k share on repayment mortgage @ 2.4%. Leaving balance of £150k with housing…
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Overseas Mortgage
Hi, I live in Dubai and want to purchase a property in theUK. Does anyone know any good company’s or have any advice? I wouldbe wanting to rent the property out while I live overseas.
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Mortgage ideas for self employed low income but high deposit?
Hi - so confused with the changes to mortgage rules since we last moved (we self certified) and wondered if anyone could help. We are looking to move to house that's 580k with a mortgage of 160k/deposit £420k (LTV 28%). We were hoping to port our current mortgage (which is £160k on a £480k house) but have been told we need…
