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Ex buying me out after break up
Hi, Recently going through an amicable split with my ex. We have a joint mortgage on a property that she wants to keep. I am happy to let her buy me out but I have no idea how much is fair to ask. My initial contribution was £5000 against the deposit then I paid for the kitchen which was £3000. We have been splitting…
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Is a let to buy mortgage even possible?
Thanks for any advice. Our house is worth £475k. It is on an interest only mortgage, but we have an endowment which, if we cashed it in and added £25k, we could use to pay off the mortgage. The rental income would be £1400 a month. The house we want to buy is £400k (we would be relocating 250 miles away) We would have a…
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Non standard construction mortgages
Has anyone got any advice. I have a council Cornish flat which was built 1949 and it is non standard. Its PRC pre cast reinforced construction. I have been told of the difficulties getting a mortgage, but that is it do-able. Thw price is £40,000 its a opportunity so any advive would be great. Chelseaheadley@hotmail.co.uk
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How much disposable income are you happy with?
Hi everyone, We've been offered a repayment mortgage on an old house in good condition. What concerns me is that it only leave us with £300 per month " disaster or fun" money, this would include things like a puncture on my car, emergency dentist treatment, a new pair of wellies, a day trip out or birthday cards for…
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Remortgage Question
I know this may be a silly question but in March our house is coming the end of our first fixed term. Now when the fixed is up we will be going with another fixed term mortgage. My question is when I go on comparison websites and it asks for the current value of my house do I put in the value I paid for it 3 years ago or…
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Overpay in first month or save?
Hi all, Wondering what others would do in our situation. We currently have 2 mortgages (due to having an employee mortgage and then a 'top up') with the first payment being paid today. The top up mortgage is at 2.69% fixed for the next 5 years and we can overpay 10% a year penalty free so for the first year it's £4800.…
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Are all 95% mortgages a Help to Buy?
Hi, I am buying with 95% LTV. Now, I am in process and a bit anxious when we will finish. Now, when I went to helptobuy.gov.uk , i found this: The Help to Buy: mortgage guarantee scheme will run until 31 December 2016. Now, here's a question - are all 95% LTV mortgages a Help To Buy? for example Santander, etc? also, the…
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Mortgage - How to approach it right?
I've just come back to the UK after 3 years. My wife and i are now settled in the UK. My wife is employed since Feb-2015 at £19,200 per year and i have just secured a job this month at £30,000 per year. We've got savings of about £20,000 and we are planning to get a mortgage in Manchester. Recently, when i checked my…
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Mortgage advice please!!
Hi guys, Me and my partner have our full mortgage application with NatWest on Thursday! We have a 80,000 deposit savings and gift and looking to borrow £244,000 we already have the letter in principle from NatWest! The reason for using NatWest is the manager is a good family friend!! My salary is £40,000 with a guaranteed…
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Nram sold me too landmark mortgages?
Hello MSE's I was unfortunate enough to be with northern rock when they folded for my mortgage I got passed to NRAM, NRAM have now passed me to landmark mortgages and have been returning my direct debits for four months now telling me I don't have a mortgage with them anymore? and to pay landmark??? who are now trying to…
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Builders Discount (or Deposit)
Hi there, I'm a first time buyer and am looking at purchasing a new property with Story homes. A colleague at work advised me that Barrats offered him a Builders Discount (not deposit) off the price of the home of 10%. I've been making enquiries with Story for a few years now and am finally in a position to buy. In the…
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Mortgage Promise no more
Could do with some help please :( Sat down with my morgage advisor a couple of weeks ago. Was told everything checked out and could offer me the amount i needed with a 10 percent deposit. I was offered a "Mortgage Promise" and was valid till December. I thought great, found the house I wanted, offered accepted and…
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Isa linked interest only mortgage
Hi All this is my first post ,even though I've been subscribed to the site for several years and I would greatly appreciate any good advice I have a small interest only mortgage, which was taken out in 2004 and was sold an ISA to run along side it. The Isa hasn't performed very well and will not cover the mortgage,however…
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Mortgage or secured loan?
Hi all, Im after some advice please. My boyfriend owns his own leashold flat, an ex council property with over 100 years on the lease, he has no mortgage as he inherrited money and purchased the flat outright 10 years ago with that. He wants to do the flat up and consolidate some existing debts such as car finance and a…
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Should I ditch my fix ????
Hi, please help The numbers- Term left 12y5m Balance £151k 3.89% Left on fix 7y5m Erc £10,600 New deal 5yr 1.97% Fees £1500 I discussed this on the phone with the chap at the bank and he said it's not worth doing but I have tried to work it out and I still think it is...albeit not by much. I just worked it out over the…
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Natwest Consent to Let after one month of mortgage
I buy a property recently other city .After buying property , I need to do some repair .Now I can not move due to child school. Only one months passed after the mortgage . Do Natwest approve consent to let so early like for me? Anybody have similar experience?
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I wonder what my chances of a mortgage are? Any advise or contacts?
Hello all, new to the forum for posting but reading lots of previous threads. In 2012 myself and my wife decided bankruptcy was our only option, partly due to buying a flat in 2008 on a 110% mortgage with northern rock and consolidating our debts into this. Then the "bubble" burst. With issues of a listed building and…
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The West Brom BS - 5 yr fixed rate 90% LTV
I was going to go with Halifax, but having had a look at different banks and offers, this seems to be the best. Only thing is, I've never heard of this BS. Anyone know of them and are they fine to go with? Also, I'm thinking of going for a 5 year fixed rate as interest rates are quite low now. Once the 5 years is over, if…
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Mortgage on gifted property
At the end of the year I am being gifted a property valued at £330000 and need to raise approximately £50 000 to carry out some renovation work on it, which we are planning on commencing straight after the gifting, after which myself and my girlfriend will be moving in and renting out the house we currently live in (which…
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Over 50 Mortgages advice reqd
Hello all, I am looking for a bit of advice. I lost my Mum last year and she has left me a little bit of money in her will. Now my issue is I used to have a mortgage on a house but due to one thing or another we had to sell up to clear various debts etc. I am 56 years old now and we are living in rented accommodation, I…
