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Small mortgages
OH and I are looking to move in the next year or so and are lucky to have cash / investments to cover 80% of the house price. Will it cause any problems getting a mortgage of approx. 20% of the house value ? (I seem to recall reading somewhere it can be hard to get a mortgage for under 25% but I might have dreamt it !)…
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How to find good local IFA?
Hi all. I'm not sure if this is the correct sub-forum but I would like to know how to find a good IFA for advice for my parents. They have recently paid off their mortgage. My Dad is 70 and my Mum is 67 and they would like to better understand all the options available to them regarding putting the house in trust, equity…
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Found a better mortgage than broker...
I visited a broker earlier in the week. He was clear to point out he was all of market and was only paid from proc fees from the lenders, so no cost to me. We went through affordability and he has given me two options - a 2yr and a 5yr fix. I thought I'd have a look around online, plugging in the same numbers as I gave the…
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Protection
I'm interested to know peoples opinion of protection and how it is sold and how people buy it. There are many on here who are in the business and will be able to talk protection to the cows come home and advise the reasons why you should have it and why it is important. But I am interested to know from the buyers…
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Proof of mortgage deposit
Hello, I am going through the process of getting my mortgage and need to send the brokers proof of my deposit. I have a 50k deposit, but part of that is made up of my Help to Buy ISA bonus which is not shown on my Help to Buy ISA statement. Will the brokers know to add on the bonus which will then make my deposit add up to…
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Mortgage Endowment Promise (MEP)
Just a quick question for those who may know. I have two endowments due to mature in 2018 and 2019. Both with different companies (Aviva - originally General Accident, and Standard Life). Both of these discuss in the literature a MEP. The amounts payable are estimated it could be a higher then the cited figure lower than,…
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Advice on buying a second property
Hi, I’m looking for some guidance on buying a second property. Basically I’m looking at buying a one bedroom flat for about £150k. I can put 25% deposit down. I own my own home with a LTV of 40%. The second property will be used for my fianc!’s father to live in. The second property will be held in joint names with my…
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will i get the lower rate?
I've applied for a 10 year fixed mortgage with a high street building society which is in process and not finalised. The rate for this mortgage on their website was reduced yesterday by 0.2%. Is the lender obliged to give me the lower rate as the application is still in process? Thanks.
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Family buy to let
Can you tell me what are the obstacles and how a joint buy to let mortgage would work if it was purchased with a deposit between 2-3 people (eg me, my father and uncle, OR me and my uncle)? My uncle is an ex British citizen but now living in Canada. My dad is in uk with me, we both have our own places (I'm a first time…
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Boris Johnson is a liar
French are already opening fire. :eek: http://www.bbc.co.uk/news/world-europe-36795502
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Advice on mortgage / credit card application
Sorry, I wasn't really sure where to post this, however my wife and I are just at the final stages of completing on a house purchase; we've just had our mortgage offer sent out and looking to complete in the next 4wks. However my Santander Credit Card is due for renewal at the end of August and am looking to get a…
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Sole Residential Mortgage into Joint Buy to Let
Hi Guys, I'm currently in Birmingham and got a job in London meaning I need to move (or spend hours on trains everyday!). We dont have enough equity for a deposit so going to rent but would like to let out my house so we are still on the property ladder. Whilst we could afford the mortgage still it would leave us very…
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Changing person on mortgage
Me and my husband live with his parents in a house which has been divided into two living spaces. We bought the house together – each couple selling their own house and putting the equity toward the new one, together with a mortgage. Here is where it gets complicated. When we needed a mortgage the only persons with a…
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overpay or remortgage
I wish to know what's the best option I have a £47000.00 mortgage in 4 parts with 12years 7 month duration. I am in a position to make a med lump sum payment and then overpayments each month. Do I pay off one part fully then make overpayments. Pay lump sum across all 4 parts then overpayments or re-mortgage to one payment…
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Paid off mortgage BUT
I paid off my mortgage thirteen years ago and the mortgage company (Portman) sent me the deeds. No letter with it, just out of the blue, so I simply put them in a safe place (filing cabinet in the spare bedroom). Time flies and I've now been told by my solicitor that there is still a charge showing on the land registry -…
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Random question
Ok, this could be totally illegal but I thought I'd ask as I can't seem to find anything about it on-line. Basically my credit history could be better, OH is pretty decent. Want to move to a bigger place, OH has a mortgage already but due to my credit past, it wouldn't be doable within the next 2 years. After speaking to…
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Can I unlock equity?
Hi All - Many thanks in advance for any help! Ok, so a few years ago I inherited a small house. It's worth about £175,000 and is mortgage free and currently rented out to good tenants for £700 pcm. I am currently renting myself, but would like to buy sooner rather than later, but if possible I'd like to do it without…
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Borrowing more: Help-to-Buy (Equity)
In February 2014 my wife & I bought a new house using the Help-to-Buy shared equity scheme, we took out a 75% mortgage, with 5% deposit and 20% Help-to-Buy. By extension, February 2019 is when the "interest-free" period ends, and we'll start getting charged a monthly interest fee. We have no intention of moving any time…
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What happens if a mortgage is withdrawn after exchange?
An odd question but I’m just curious really. I understand that once offered a mortgage, it can still be withdrawn before completion if there are any lifestyle changes, etc. So, what happens if after exchange someone out of the blue lost their job and the mortgage was withdrawn?
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Parents financial responsibility
Can anyone tell me at what age a child needs to be for the parent to have no financial responsibility for their actions. We are in Scotland and my son is taking out a mortgage and I don't want to be lumped with it if he defaults. Thanks for any advice.
