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House advertised as only for those going with Halifax with a 75ltv?
It doesn't state it has tenants in it, so does anyone have any idea why you'd need a 75ltv and have to go with Halifax? It's a freehold so no lease.
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Mortgages for disabled people
Hi folks, Newbie here, I hope you don't mind my asking a quick question, could anyone recommend a reliable sub-prime lender please? I am chomping at the bit to move to a home of my own which I can adapt, free from the worry that the government will throw me out on the streets for being genetically unfortunate. My home is…
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Nationwide Bmr
Hi, im still on the nationwide bmr 2%above base rate. I'm not sure wether to stick with it, take out a lower 2/3 year deal or go for a higher rate 10 year deal. Is anyone still on the bmr or is it time to leave for short term savings or long term security? I know everyones situation is different but having been toying with…
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Open deck access (bank valuation and ability to sell)
Hi We have 10% deposit for the house we want to buy. We are joint buyers and one of us is on Tier 2 visa. House price is a bit less than 3 joint annual salaries. This house has is a nice ex-council house with open deck access, but with a locked entrance and in a nice zone 2 area in London. Our mortgage advisor (A) told us…
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Self-employed re mortgage eligibility worry
Hello! My partner and I are currently 3 years into a 5 year fix with Halifax at 3.89%. We have mortgage of 83k. We are looking to remortgage with Halifax for an extra 30k for urgent house maintenance and to pay off debt accrued from work already done and the fact that I've been a full time student for 3 years (alongside…
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Remortgage after Renovation
9 months ago i put down a 10% deposit (£12,600) on a £126,000 house purchase with a 2 year fixed deal. The house i bought was in major need of renovating and we have spent ~£25,000 on improvements since then which includes a full rewire, new bathroom and kitchen, 80%+ replaster etc. Would it be worth approaching my own…
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Fact find and suitability documents mandatory?
After some advice... Recently bought a house, mortgage arranged 6 months ago and moved in 3 months ago. Mortgage advisor pulled a few tricks along the way and I have vowed not to deal with the firm again. Recently the firm has been pestering me to sign two forms for them and I have ignored their requests until today. They…
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New mortgage with defaulted banking group
Around 7-8 years ago I stupidly defaulted on an overdraft with the Rbos with my now ex wife. The account was marked as settled on my credit file and has since fallen off although I never cleared the outstanding balance. I am now happily remarried and am looking to buy a new house. My broker has presented a good deal to me…
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Can I include child tax credits in mortgage application
Hello, We are about to submit a mortgage application and are considering doing it in my name, not including my wife's details. However the question we have is - can i put any child tax credit and child benefit income on the sole application? We appreciate any help you can offer.
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remortgage advice
Hi, I'm sure I know the answer to this but here goes anyway... I took out a £96,500 90% LTV 7 year fixed rate mortgage with Halifax in November 2013 at 4.69% with a purchase price of £107,500. The value of the house has now increased to around £140,000/£150,000 and I have £91,250 remaining on the mortgage. It seems to make…
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what's better/worse car finance or credit card debt
Hello everyone, I'm new to this board. Could anyone please tell me what hurts your affordability more car finance or credit card debt. Currently out car costs £221 a month if I were to overpay the credit £3000 our monthly cost would be £80 a month. This would mean we'd owe an extra £3000 on credit cards but this can be…
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Maximising Assets
My parents left me a debt free house 6 years ago that's been valued at £550000. For the past 4 years I have been renting it out, currently I will get £16000 pa. I live in a rented house but want to buy my own. I have been told I can raise a buy to let mortgage of £220000. My husband can then raise a mortgage on his income.…
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Help to choose best rate for remortgage
hello everyone. my first mortgage term is about to finish, looking for remortgage to release some equity. Need some help. which are the best lenders for remortgaging the new build flat on fixed for 2 -3 years term. confusion over banks or building society? any lender who can value high for my new build flat so i can have…
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Pay off Credit card early for BTL Mortgage
I have a credit card which has quite a large balance, £11k, The card gets paid off every month in full from our company bank account, however it's not due to be collected until the 9th May. Would it advisable to pay it off today as my application is being assessed on Saturday according to Virgin Money. Am i worrying for…
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Commercial Mortgage
Hi I am in the process of investigating the purchase of a boarding kennels. I should be quite a good bet financially as I have a substantial deposit and a pension to go towards mortgage payments Brokers I have been put in touch with are quoting 1.5% arrangment fee and whilst I have no wish to do anyone out of their just…
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Santander further loan insanity.
So here's the scenario: I earn £50K a year. I own a 3 bed semi in Surrey, value around £340K, currently mortgaged to £140K. I also own a studio flat in Surrey, value around £120K, unmortgaged. I also own a flat abroad, worth around £75K, unmortgaged. I now have an opportunity to invest in a property development business…
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Paying off the equity on our Help to buy property
Hi, We're looking at paying of the equity in our HTB property as were now paying the interest but there is a lack of information and clarity on how to go about it. I have had a number of quotes for the independent valuation ( as I believe an estate agent doesn't count) however when I speak with solicitors they seem…
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Still no offer
This post isn't really looking for advice, it's just a way to release my frustrations I guess. We submitted our mortgage application on the 1st April with Aldermore and we are still waiting for an answer. Our completion date is 3 weeks on Friday and I'm starting to get really worried. I haven't seen the mortgage…
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Remortgaging & BTL
Hello all, Wondering if anyone has been in a similar position or would be able to advise on this... I'm not really sure what the best way forward is. I'm looking at purchasing a second property to let out. When I purchased my main property I put a large deposit into it, so the mortgage on my main property is around 170k…
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Moving house - How to fund renovation
Hi there, We're looking at moving home and I'm weighing up my options at the minute. We've seen somewhere we really like and it needs around 20k spending on it to bring it up to speed. We have 35k equity in ours but by the time we've paid stamp duty, legals etc etc we'll have 27k left over. The house we like we should get…
