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Using parental gift to buy shared ownership house?
My mum was going to give me the deposit for a house but I have a feeling that obtaining mortgage approval might be a problem due to debts and my husband having a low wage. I have just seen a shared ownership property up for resale (5years old I think). The amount for the stake offered is the same as the amount my Mum was…
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MSE News: Chancellor writes to lenders after 'mortgage prisoner' meeting with Martin
George Osborne has written to lenders following a meeting with Martin Lewis about the plight of 'mortgage prisoners'...Read the full story: 'Chancellor writes to lenders after 'mortgage prisoner' meeting with Martin Lewis – but more must be done' Click reply below to discuss. If you haven’t already, join the forum to…
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Buying a house for my mum!
Evening team! In a nutshell... mum lives in a house valued at 140 000, she's seen a flat she wants valued at 90 000. She owes about 28 on her house. She's just put her house on the market to buy this flat but I've a feeling it will get snapped up pretty quickly. I live in a rented house, earn about 30k and have about ten…
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remortgaging to 2 yr tracker deal
My REMORTGAGING scenario With current provider, I can switch deal and their new offer for a 2 year product is at 1.64% (inc BBR) on £143000 with product fee of £995. if I remortgage then theres a 2 year product at 1.59%(inc BBR) with product fee of £195. Total amount to repay is then £171000. so when/ if i decide to…
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Ex put nothing into house now wants 40%
Not sure if anyone can help with this. Bought a house in 2010 with girlfriend. Deposit was a gift from my grandmother. GF paid nothing as she had nothing. I thought this was 'the one' so solicitor drew up an agreement with me having 58% and her having 42% to reflect the money I paid for the deposit (rather than an…
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Mortgage question
I'm looking to buy a property as an investment. I live with my wife in what was her house - I'm not on the deeds and don't really want to be; its her house - and I'm looking to buy a property as an investment. Having just spoken to a mortgage advisor at Woolwich (i bank with Barclays), they've suggested I can't buy as a…
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remortage advice please
I would like to have some advice please!!! I would like to extend my current house and would prefer to put this on my mortgage. I have had the same mortgage for 13 almost 14 years and have about 11 years left to go maybe. I would like to have advice I was in a Debt Management plan which we completed Jan 2015. During the 7…
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New Job Offer During re-mortgage
Hi Today I have been offered a new job, at a new employer. We haven't discussed salary yet but I obviously wont take a pay cut even though it is better job. However, we are in the process or re-mortgaging and moving to a new mortgage provider. We are borrowing extra money for work to be done. We have received our mortgage…
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Trapped
Hi, This is my first post. I feel like I'm in a unique situation and I haven't got much of a clue as to what my options are. I was hoping someone out there could offer some advice. 10 years ago I took out a mortgage with my partner. We earnt enough to pay everything and all was good. Never really looked into switching…
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90% LTV on a new build
Hi, Is anyone aware of any lenders offering these in addition to the following I have found already: -The Nottingham BC -Skipton -Leeds BC Thanks
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Overpaying vs saving
I hope I've posted this on the right board.... I have a very very general query (ie I know there probably are lots of different factors to consider but I just wondered if I can get a very generalised response) We currently have a new mortgage deal which is fixed for 5 years (I am currently a stay at home mum and will be…
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Taking name off a mortgage
My ex partner and I bought a home in November last year, but we broke up just after Christmas. I have stayed in the house with our little girl and I have paid all mortgage payments owed since he moved out, so it's been about 5 months now. It's a joint mortgage and wondered if anybody could offer any advice on how I go…
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Getting a mortgage for beginners
Good morning all. Im after some advice before we think about talking to a bank or mortgage advisor. My wife salary comes in at 40k per year and mine at 16k. We both will be first time buyers and each have a help to buy isa. Currently with 4200 between us (plus govt bonus will take it to 5000) . We are looking to buy place…
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Obtaining a Mortgage with a Default
I am desperately trying to get a mortgage but have a default on my credit file from Feb 2014 due to complications with my separation. I have a stable well paid job. Can anyone recommend a good mortgage broker/provider please?
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Mortgage on flat in building converted from offices
My son is trying to buy a one bedroom second floor flat in a building that has been converted from offices. He has LTV of 44% and the mortgage requested is just over 3.5x his income. Broker recommended Nationwide. Application submitted late April; text to say it had been received. Valuation was done 5/5. Message from the…
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Restructuring Business, 2 year fixed mortgage
Hi I'm looking to change my business from sole trader to limited company this year becoming a director and paying myself a salary and hiring staff. My current mortgage is a two year fix with 18 months left to run. I was told before I got my first mortgage not to change the business as it could effect elgiigiblty for…
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Extending Paratus AMC mortgage
Does anyone have experience of extending, or asking to extend, the term of a mortgage with Paratus AMC?
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Who has been pressured to use an in house broker
I used to work in mortgage compliance and I know inappropriate behaviour. I went to Haart to buy a house and clearly told them I had my own broker, didn't want to even know me. I complained to Haart and heard nothing back. Post if you have had any similar issues.
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First time buyers in need of help!!
Hi, My husband and I are looking at buying our first house. I have some large defaults on my credit files from four years ago so my husband is doing a single application. We have one child together and I have two children from a previous relationship who will also be living with us. My mum is gifting us the deposit so we…
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Mortgage Calculators Accuracy
How accurate are mortgage calculators? Myself and partner have 50k and 43k (93k) income. This is take home pay of around 5300 a month No debt. Nationwide and Santander calculators both say they could lend up to 440/450k Obviously, this is dependent on checks. We have 50k deposit; in theory could we get a 400k mortgage…
