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Buying House from Parents
Im currently living in my parents house with my Partner, with my parents living in separate houses. Im looking into the feasibility of buying the property from them. Market value of the property is circa £360k. The house is currently mortgaged (Interest Only) for £175k. My parents are looking to distribute the equity…
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Using a high street lender
Hi All, I have seen an awful of advice given on these forums that using a good broker is the 'way to go' when trying to get a mortgage. We, however, are going through the process with a high-street lender (Lloyds). All the advice on here makes me concerned that we should not be doing this now! Has anybody else had any good…
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Remortgage-is this a good deal?
Current mortgage with Hsbc: Mortgage 1: £50,800 at 2.39% with 16 yrs left Mortgage 2: £3,000 at 1.24% with 5 yrs left We'd like to pay it all off in 10 years, or ideally 8 years but this would be quite hard. I had a call from Santander to see if they can do a better deal as we now bank with them. DH would like a fixed deal…
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Success Story....
Like everyone else on this forum who are planning or have applied for a mortgage I have found the whole experience stressful and way to complicated to understand. There are so many facets to applying for a mortgage that the average 'joe' simply cant predict what will happen next. I referred to this forum a lot, in the hope…
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Shared ownership - Am I missing something?
There is an upcoming development in London with one bedroom flats (valued at £290,000) only available to households earning between £28,000 and £32,000, which works out to £1,860 and £2,080 respectively after tax if you aren't paying off a student loan or towards a pension (so in reality almost everyone will be taking home…
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Adverse credit question
Hello Just a quick question about lenders criteria, if a lender states the following "1 default accepted in the last 3 years for a value of up to £500" Does this mean if a default is 3 years or older with a larger value they will consider you? My partner has a default which will be 3 years old this month we have a 15%…
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Equity Release
Hey all I know there's been quite a lot of posts about equity release on here, but couldn't find one that matched my circumstances, so thought I'd post... My mother-in-law has a flat worth about £400k, with no mortgage. She would like to release some of that equity (to pay for a live-in carer or anything else she wants)…
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FTB - Use a broker? +other Qs
Hey, I'm a first time buyer and had an offer accepted yesterday. This has moved significantly faster than anticipated and as such I don't have a mortgage broker. I have done my research online and concluded on First directs 5yr fix @ 2.19% (75%ltv). I think this is a good deal. I'm going to call L&C tomorrow to see what…
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remortgage to get a better rate
Hi all, First off I will apologise for any spelling mistakes as the iPad likes changing random words much to my frustration. Anyway I have just received our mortgage statement and I think our interest rate is quite high,especially compared to others when I have read through different threads. Ours is 4.74%. We have 14yrs…
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Mortgage advance or wait for remortgage?
Hi Bought a renovation project a few years ago with a 25% deposit and we are now heading towards the deal expiry in October this year. Due to the renovations we have £21k on credit cards (all 0%) but the equity in our property has now risen to over 50% It was always the plan to improve the property and remortgage to pay…
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Help to Buy with 10% deposit
We're considering using Help to Buy to get a larger house. We have 5% deposit and Builder is paying 5%. I can't seem to find an easy way to find the help to buy rates. They only list the 95% mortgage rates. We have 10% deposit. The rates seem quite high for the 95% ones - 3.79% is the lowest. Anyone had a better rate than…
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Guarantor mortage
Hello! I am sorry about the length of this post but and trying to give all background. Thank you so so so much in advance to anyone who has advice or pointers :D My husband and I want to buy a property that we will hope to later develop to be our main home and business (it's a smallholding) and represents a change to our…
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Am I being unrealistically hopeful?!
Hi, My wife and I live in rented accommodation and have done so for 4 years. We are now looking for a place of our own, and this situation is more urgent that hoped as we have been told our current landlords are now looking to sell up. My wife has impeccable credit with no issues whatsovever, but she only works part time,…
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Conveyancers: Help to buy isa bonus; belfast, ni
hi there Anyone use a northern ireland/belfast conveyancer to get their help to buy isa UK government bonus? i know that not every solicitor/conveyancer can do it. apparently they have to be UKAR registered. is there a list of conveyancers who can do it? thanks cc
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First Time Buyer
Hi...hoping to get some good advice from you knowledgable folks! I am aiming to buy my first home in approximately mid 2017 - hoping to save an additional £20k to my current deposit in this time. I currently have £50k for a deposit. My dream home is approx £250k, but as I am a single buyer with an income of £34k p.a (no…
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Can my wages be taken into account if wife applies for a sole mortgage?
My past credit history has been poor but only showing 1 debt for £364 now. Can my wages be taken into account if wife applies for a sole mortgage? We earn around £76k between us.
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3-4 weeks from AiP to completion?
Hi all, We're busy trying to complete by the 31st March enabling us to let out our flat and purchase a home. We really don't want to have to pay an extra 3% in stamp duty for completing on 1st April (as we don't really have it). We've gone through a broker, however he has made quite a few unforgiving mistakes. Now my…
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Re-mortgage to pull out equity
Hello, Is it possible to pull out any equity in a house when you re-mortgage? I have some debt I want to clear if I can by re-mortgaging my current mortgage. My current interest rate is 3.99% but if the B of E raises the base rate, my mortgage will also go up. I've been in the house for less than a year and put 10% down…
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Using A Broker?
At this moment in time, I just want to know the most I can borrow and the best rates available. If I go to a broker, how far down the line will they go? Do they do a credit check? Or do they just ask me my monthly outgoings and go off and get the quotes? Assuming the latter, I'm guessing the quotes they come back with are…
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Pointless Affordability Calculations
My wife and I have applied for a Virgin re-mortgage at 30%LTV via a broker. We already have a personal loan. Virgin have responded that they will only lend the required amount if we were to clear the loan first/on completion to make it affordable i.e. in their opinion it was never affordable as it stands. However, it was…
