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Improving credit rating, business loan..
I did a search but could only see relevant stuff to personal car finance. Long and short of it - need to sort a mortgage in the next 2 years, I'm a self employed taxi driver. Want to improve my credit rating as much as possible, was wondering whether buying a vehicle on finance for business would improve or lower my…
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Skipton vs Hanley Economy BS vs Aldermore or?
Hello there, I am looking for a mortgage and have a debt on my file for around 30k. Never missed a payment no default or anything like this but my credit score is low due to usage of available credit. I have used 2 different brokers for two different banks. Both gave me a AIP and declined later for low/poor credit.…
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First time buyer need some help
Hi all, I have put a application in to a lender after speaking to a mortgage advisor, we thought for affordability the best action to take was to close my credit card accounts which I paid in full last month. I have cleared all of my loans up and the only ones out standing are my car finance, insurance and mobile phone. As…
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BTL, one with lower LTV or three with 75% LTV?
Hello everyone, Planning our medium to long term goal for property investment. We live in a rented accommodation and currently own a 3 bed house which on consent to let. The house value is around £350K and remaining mortgage is £129K. Thinking to remortgage the house next year as a BTL and take out additional £250K, if…
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What are my options please?!
My income is not taxable so I cannot get my own mortgage and according to a lender I have no income (gambling income). My parents have an unencumbered property and want to help me out. I can afford mortgage repayments and could contribute a 50% deposit if needed. Any chance of a mortgage without any income requirements…
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Seller to pay repair costs?
Hi - I bought a house a couple of months ago (completion date was 1 July). Upon getting the keys and getting tradesmen in a few issues were thrown up. The main issues being that the house was not earthed, the electric heating system was not working and also the waste pipes from the sinks were draining into the foundations.…
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Buying from family
Hi all, I'm looking to get a mortgage for a house my parents own, they will be selling it to me at a discounted price, (90k instead of 125k) I'm a first time buyer. I had a conversation on the phone with my bank in regards to applying for a mortgage and the amount I was advised I could borrow isn't enough due to a…
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Mortgage advisor
What is the best way to go about finding a reputable Independent Mortgage Advisor please?
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Interest only paid - how much after sale of property?
Hello there, If have a mortgage for £105,000 and have paid interest only, if I sell for £135,000 - would I receive £30,000 minus the redemption fee? Sorry if it's obvious but am getting into a pickle! Many thanks
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BTL Switch to Repayment?
Hello We've rented out our former home for the last 6 years on a BTL interest only mortgage. An IFA advised us that this was the best course of action. At the time, my OH and I were higher rate tax payers. I am now a basic rate payer. My question is, baring in mind the changes to tax relief on interest only BTL mortgages,…
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Buy-to-lets : Which lenders don't abide by the 125% rental value repayment "rule"?
Hello, brainiacs. I'm presently seeking a new buy-to-let mortgage because my existing one has expired and I've simply reverted to the lender's (Mortgage Works) tracker rate. I'm tempted to seek out a new deal (perhaps a three year deal?) while rates are low and before they have chance to rise again. Until now I've always…
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Spousal maintenance and mortgage
Ive just become unemployed and have only court ordered spousal maintenance to rely on and need to remortgage. Any ideas on where I can get one?
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Prudential - extra fees
I received a letter in June to explain that Prudential had been including some fees into my Endowment Plan/product for their home improvements blah blah, in a letter that looked quite boring - the type that you just file or bin. They were just mentioning it now because it was not showing in their brochure and they wanted…
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Does this look positive?
Had this from my mortgage advisor All docs now signed off someone will do the plausibility check now (either today but most likely Tuesday) and then offer will be issued… That sounds good, right?
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mortgage query nationwide 500 cashback joint mortgage only 1 is first time buyer
me and my partner have been offered a mortgage by nationwide but they have refused us the 500 cash back offer as my partner isn't a first time buyer in am they state all party's must be first time buyers which is fair enough.... the issue I have is that we have went through a mortgage broker (first mortgage) we had…
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Nationwide re-mortgage - Valuer told me one thing, but Nationwide downgrade
Hi there, I'm hoping someone can give me some advice. My husband and I are re-mortgaging our flat with Nationwide (we're pre-existing mortgage customers), and requesting additional borrowing so that we can get a loft extention and also do some other internal works I.e. New kitchen. We applied a few weeks ago, and were told…
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Help to buy for existing homeowner
Hi all, I'm a homeowner of two years having bought my one bed flat with help to buy in 2014. I'm now looking to upgrade and have found a development where help to buy is available. My current flat has been on the market for the last month and I accepted an offer today and I'm now hoping to move towards reserving the new…
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Self build mortgage
Hi folks, just wanted opinions on whether people think a mortgage application currently has any merit. Income 1 - £35k Income 2 - £30k Site value (owned outright) - £40k Want to borrow - £180k House value on completion - £250k Current savings - £11k Current loans - £3.5k (£130 per month) Current Credit Cards £4,400 What…
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Getting a mortgage with debt and post DMP
Hi, Just wondering if there's any hope out there for us! Me and my OH have a combined income of just over £51k in stable and permanent jobs. We want to buy a house- we have a bit of money saved in help to buy ISA but my parents will be gifting is the majority of the money. We have around £13k on credit cards and £1500 on…
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Joint Application for Right to Buy
My uncle occupies the a council house which my family has been in for over 60 years. He is 79 years old. I'd like to help my uncle buy this house so he can live out the rest of his days in it and we can keep it in the family. I would eventually like to retire there as I I also grew up in the house. However I am currently…
