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Mortgages & endowments

Archives for September 2016

Offer based on future income - what's the issue?
Hello folks, I have been allocated a HTB flat by a housing association and I am very keen not to miss this opportunity, but the timing is causing me difficulties. I will be a trainee solicitor for another month and I have been offered a position as a solicitor at another organisation (with a much higher salary that makes…
FTB Buy to let, "Low" income mortgages
Hello there, looking for a bit of advice to make sure I'm not barking up the wrong tree. Looking at buy to let mortgages as a first time buyer with a salary income of £17k. Have 35k to put down as a deposit on houses/flats around 80-90k. Currently a live in paying £165 a month rent and have no other outgoings aside from…
Natwest further borrowing frustration
Hi, Application for further borrowing with Natwest which is approved by underwriters subject to valuation. Down valuation (but that's another storey) so I'm referred back to my mortgage advisor at Natwest. I move onto a higher LTV product, the numbers stack up for affordability and I'm told it's just a formality until I…
Deeds & Shared Ownership
Hi, Wondering if you can help shed any light on a conversation I have just had with my Dad. They own 50% of a property they bought 9 years ago in Leicestershire for £85k. Their half of the property has now gone up in value @ £99k. They have 16 more years left to pay the mortgage which is £370 per month but the rent on the…
Uncle sold a mortgage that finishes when he's 104
My husband's uncle died last week, at the age of 84. We are having to deal with his estate and have found paperwork for a mortgage sold to him 20 years ago. The original amount borrowed was just under £4, for a new kitchen. The term is 40 years, with total repayment of over £19k. A brief look at recent mortgage statements…
1st Time Buyer - Advice
Hi I was wanting a bit of advice both my husband and I live in his family home, we have enough money to put a deposit down on a house, my mother in law has asked us to stay in the house until its sold. Would we be able to by the house on a residential mortgage do it up but if the house was not sold yet could we apply for a…
House deposit Loan from employer?
Morning all, My boss has kindly offered to help us with a deposit for our first house. This will be in the form of a loan. He is also going to increase my salary by 7k a year and I will pay the above loan back at 7k a year. I will still get my current wage and once I have paid the loan back to work I will continue to get…
Anyone applied to Principality as a FTB??
hi all myself and my partner are both first time buyers and have just applied for our first mortgage with principality. the house we are looking to buy is 159, 995 new build. we have applied and been accepted by help to buy wales who will be funding 20% of the purchase price. we have 8000 as a deposit and are trying to get…
Parents are getting me a mortgage
Hello, So after finding a property and finding out i cant get a btl mortgage my folks have done a joint application and successfully got a mortgage we are now just waiting for the solicitors to do their bit. Is their anyway of then getting this in my name? maybe in about five years? I'm going to be paying each month along…
Freehold House with Leased Flat - CML 5.8.1?
I have done much research on this the past week but cannot seem to come up wth a definitive answer to my situation and the estate agent and mortgage broker do not appear to fully grasp the situation. The house is a victorian terrace with a self contained flat upstairs and down. For argument sake say these are flat 1 ground…
Slow mortgage broker rant
My broker came from holiday on Monday 26th and sent me email stating he's got everything to get the ball moving. Today 29th he asked for payslips, bank statements, sale particular, etc. I can't get hold of him, he wants me to send the papers to his postal address. That's 4 full days lost! Couldn't he just come clear on…
Land registry update mortgage
Hi there, I know there were loads of delays last year with the land registry - does anyone know how long it would take for a new mortgage to show up on the title deeds of a house that is registered already but was previously owned outright? Many thanks Little miss
Government to scrap Help to Buy mortgage guarantee scheme
A guarantee which lets those with small deposits buy homes with Government-backed loans will end on 31 December...Read the full story: 'Government to scrap Help to Buy mortgage guarantee scheme' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New…
Aldermore instructed valuation, good sign?
Hi all, My mortgage broker has just informed me that aldermore have instructed the valuation and have not as of yet asked for anymore documents, is this a good sign as we are worried stiff? Thanks
Builder incentives & mortgage
We are hopefully reserving a new build, have a dip with Halifax. I know it says we are allowed upto 5% in incentives (not sure if it stated cash) They currently have £10k off the price of some plots ( same house but not the plot we want) & will pay our stamp duty, which will come to 5%, now can I ask for extras to be…
Using Inheritance as a house deposit
My mum died in July this year, her probate is nearly all sorted and the conveyancing has just started on her property. Before she died, she explained to us all how what we should do with our shares of her inheritance. Obviously she said we weren't tied to it but it would make her happiest. She explained to my husband and I…
Moving home (already have a HELP TO BUY LOAN).
Right, We bought our home 1.5 years ago with the help to buy. We have decided it is too small now as children will be coming along in the near future. How do we move to a bigger home? Can the help to buy be transferred to the new house? Does it have to be paid off first? We have no idea and contacting the company does not…
Barratts Head Start Scheme - Advice please
Hi, I'm looking for some advice on a plan I have to get out of the Barratts Head Start scheme please - any comments would be gratefully received. I bought a Barratt home in 2009 with their Head Start scheme where they had a 15% equity in the property. The sale price was £116,995, Barratts stake was £17,549.25, my deposit…
Mortgage valuation Fee
Hi everyone, Back in april we agreed to sell our home and buy a new one, we used the mortgage advisor as recommended to us by the builder and everything went OK, mortgage was arranged in record time, valuation fee paid and then yes we lost our buyer so could not proceed. The valuation fee of course was not refunded and as…
How to understand my mortgage interest!
This is very possibly a dumb question but I've looked and can't find an answer, so please be gentle! I have a fixed rate mortgage which is coming to and end and I'm seeing the mortgage advisor at the bank next week. What I'm confused by is why the interest added monthly fluctuates...often by up to £30. Even though my…

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