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Monthly outgoings calculation
Hoping to move home, just currently negotiating an offer on the house we're selling. Our current provider (Virgin Money) gave a DIP for a new mortgage of 135,000. When I look out our monthly outgoings vs. the payments, this seems fairly sensible. However, looking at other lenders (and after speaking to an IFA we used a few…
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5 year term/2 year fix - ERC's after fix ends??
Can you please help to settle a debate between Mr Milothe and I? It's been a while since we took out a mortgage, and I know there’s been a lot of changes since the introduction of MMR. We have managed to get an AIP with Leeds to remortgage our main home to purchase a second home on an interest only basis using Mr M’s TFLS…
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Wonga Update on Mortgage
Hello, just a quick question I'm currently applying for a mortgage and have had payday loans in the past, the loans are over 2 years ago however I recently got a default removed by Wonga however that has meant when I look at my report it says that Wonga have update it 2 months ago, the settlement date is still 3 years ago…
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Urgent advice needed re information on mortgage application submitted by broker
I am hoping to get some insights or advice regarding the information on a mortgage application submitted by our broker. Our broker submitted our application a few days ago, and I subsequently requested a copy of this application for my own records as well as to check all the details. The application he submitted had a…
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Because my parents are homeowners, will they get care?
I am desperate for help, so if you know anything that might help us move forwards, please reply to this thread... 8 years ago in 2008, I was living at home after graduating. My elderly parents were renting, but the landlord decided to sell and they needed to move. We decided to get a joint mortgage between me and both my…
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Contacting Mortgage Brokers Posting on Here?
I've been following these forums for a while now and have been impressed by the advice given, and the spirit in which it's been given, by some of the mortgage advisers and brokers who take the time to reply to some of the questions asked here. There are one or two who I would be interested in talking to with a view to…
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Self Employed 75% LTV mortgage 1yrs accounts & Reference
House Purchase price £325k 75% LTV - Borrowing - £243,750 Balance made up of £42,562 equity in existing property Gift from parents of £38,688 Income details 1st applicant - £36,000 per annum from PAYE employement £8,000 per annum from LTD company (1st and 2nd applicant 50% each shareholders) 2nd Applicant - £18,000 per…
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Company Director
I'm currently employed and my Boyfriend is self employed but owns 20% shares in a company. A couple of lenders have said they would class him as employed if he owns less than 25%, which he does. Does anyone know if he would have to go PAYE or if they would just use his gross salary that he's on at the moment?
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Shared Mortgage?
My partner & I have been together just over 3 years. We have been planning to buy a house in 3 years so started to save money for the deposit. She is at uni so can't really save money meaning I will be providing 100% of the 20k deposit. Should I buy the house in my name or allow her to be on it too? I see to many people…
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Postive mortgage story after credit woes
I was looking in the forum for anyone with a situation similar to mine a few weeks back, and couldn't find anything, so now our situation is resolved, I thought I'd post our experiences. We've been in rented accommodation for five years after selling our last home to settle all our debts - we'd been with a debt management…
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Endowment - L&G flexible mort plan - anyone recently matured?
Hi all I have the above endowment - taken out in 1998 - 25yrs - expires 2023 Paid in 98 £/month (1176 per annum) Current surrender - 28k It is a useless unit linked thing - so no profits / bonuses etc. So - interested if any of you savers out there have any experience of recent performance of one of these things? Basically…
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Renewing mortgage deal with Santander - when does new product expire?
Hi, My mortgage with Santander is in two parts. The fixed rate on Part 1 ends 3/9/2018; the fixed rate on Part 2 ends 3/9/2016. Obviously I will get a new 2 year deal on Part 2. Now, I'm aware of two things... 1. As Part 2 is due for renewal within 4 months I can start the process of renewing it (e.g. selecting the product…
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Pay Off Mortgage or.....
I can't decide what to do. My mortgage is sitting at £19,400.00. I have £43,000.00 in savings, and another property with no mortgage I currently rent out. Being that savings aren't doing much would it be wise to get a settlement figure on the mortgage and pay it off, or am I just not looking after the savings well enough.…
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Closing / Settling mortgage
Recently completed the sale of my old flat and my solicitor cleared the outstanding mortgage account yesterday, which was also the day of my existing direct debit payment. I suspected there was some overlap / overpayment but in the interest of not causing any confusion I decided to let the payment go through and I would…
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Help to buy & Bonus
Off to the solicitors tomorrow to pay the deposit and fees. circa 83K. Quick question: we haven't signed contracts yet: is this normal? we have a completion date of a week on Friday. He claims there is not enough time to cash in the ISA bonus that he will refund this back to us after completion. This seems..peculiar.…
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Mortgage after Bankruptcy advice
I know this is covered to death here but I'd appreciate any advice for our current situation. My partner declared bankruptcy Jan 2011 after a messy divorce, disolved July 2011. We've been working to rebuild his credit and we're now past 5 years from when he declared. We would desperately love to buy a house but we don't…
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mortgage broker advice....
i need to find a mortgage broker but im at a loss as to where to start.....im so worried about ending up with a dud and I don't really know what im looking for. due to my case being a bit 'complicated- credit history- I need to make sure I get it right! can anyone give me any advice on what I should be looking out…
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Remortgaging my home
My wife and I own our own home outright, it's worth about £500k. We also own another property outright that's worth about £90k and we rent this property out for £495pcm. My wife's parents are now ill and we would like to move back to the area (it's 200 miles from our main home) for a few years.We don't want to sell our…
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help, mortgage stress, not sure whats best.....
Ive never posted before so be gentle..... its a bit long winded..... my husband and I have had our mortgage with Coventry for 10 years, we had it back in the day where they were literally throwing 100% mortgages at you and it was one of the MOREgage products where we had a 95% mortgage and 5% personal loan for the deposit.…
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BTL Tax
Hi all, I've recently bought a BTL property, and have 2 questions on tax: 1. I rented it out in March 2016, and with the up front costs (estate agents admin, insurance, gas and elec certificates etc) I actually made a loss in the tax year of april 2015 - april 2016 as I only 1 month of rent. Does that mean that I just…
