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Future of 95% mortgages??
Am getting increasingly worried about what is going to happen when the help to buy scheme ends in December. My husband and I are hoping to get a mortgage with a 7% deposit in January/February and I'm getting really worried that all the 95% will be pulled by the banks :(
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Minimum price/deposit for a 95% mortgage anyone?
What is the smallest deposit you need for a 95% mortgage? HSBC want the minimum property value of £100,000 or £5,000 deposit. I can't see anything for any of the other lenders though. I just think that if you want to buy a cheap place for around £40,000 a £2,000 deposit seems a bit small. L
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Credit Rating: Advice
Hi, Am planning on buying in 2017. Signed up to Noodle yesterday to get my credit report. Any advice on the following: 1) will having Noodle send me a monthly 'free' credit check affect my credit rating?! 2) I realised i have a dormant bank account still open (open for 10 years). No overdraft facility. Should i close/…
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Releasing quity to fund new home?
Hi all, So I live in a property which I inherited from my mother, officially inherited March this year but lived in for the past 9 years. There is no mortgage attached the property so I own the home outright, and it is me solely on the deeds. The current situation is my partner is pregnant with our second child, and…
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Switch from HTB to 90%
Hi, I am in the mortgage application process with Halifax and the valuation on the property has just been done, we are expecting the actual mortgage offer in the near future. The problem is that there were some delays with the property developer (Taylor Wimpey) and this has pushed our entry date past 31st March which means…
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Is overpaying with a view to releasing equity in the fututre sensible?
A family member was kind enough to lend me £30K towards my deposit. It was lent interest free on the condition that I pay it back in one bullet exactly 5 years after it was first lent to me. In order for me to make this payment I am putting £500 in to a savings account each month that has an interest rate of <1%. I am now…
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Husband stuck in mortgage with defaulting ex, help!
My husband moved out of the house he owns with his ex around 6 years ago. They have two children together who stay with us regularly. We have been married for 3 years and have a child together. When he moved out he stayed on the mortgage because the ex wouldn't/couldn't buy him out and he has approx £20k equity in it. He…
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consent of undertaking form MORTGAGES
I have been given a form to sign from my landlord. can someone please tell me actually what does it mean. I, being or who is about to be an occupier of the property known as (the Property) hereby: 1. acknowledge that OneSavings Bank plc (trading as Kent Reliance Banking Services, Kent Reliance and krbs) of Reliance House,…
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Remortgage interest-only?
Hi and thanks for your expertise in advance! I wish I could help my sister with finance, but I know next to nothing when it comes to mortgages and remortgaging, so I'll appreciate a good advice! My sister has a house she bought nearly 10 years ago but she's taken out an interest-only mortgage and has been paying interests…
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Mortgage overpayments
I received my mortgage statement recently on which it suggested that, provided I continue to make the current payments, the mortgage would be paid off by December 2024. I am currently overpaying my mortgage by £250 per month at an annual interest rate of 1.24% (total monthly repayment £1,224) Two months ago, my mortgage…
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Preparing for Mortgage Application
Good Morning Moneysavers! I'm currently saving for a deposit, I'm looking to potentially buy a property around April/May 2017. I already have some savings stored in TSB 5% Current Accounts as well as in a few other "high interest" accounts. My question is: I'm looking to apply Apr/May '17 for a mortgage, so I'm currently…
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Springboard Mortgage
Hi, My step-dad has recently 'lent' my brother some money for the Barclays springboard mortgage and he has bought a house. He has also offered to do the same for me and my husband. The problem is my credit score is not so great. I've been paying things off for the past few years and have 1 missed payment, (internet banking…
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Specialist brokers for ex local authority?
Hi, My girlfriend and I have had an offer accepted on an ex local authority property. We're using London and Country but our adviser seems to be having trouble finding us a mortgage. Are there any mortgage brokers that specialise in ex locals? Would be prepared to pay a broker to be confident that I'll get the mortgage and…
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New doctor mortgage chances
Hi First-time poster – please be gentle... I am a newly qualified junior doctor, employed since August. I am on a fixed-term contract of 4 months, however I'm on a two-year training programme and HR will write a letter to say my employment is guaranteed until July 2018. I earn £26k base salary plus a variable extra for…
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Girlfriend Moving in
Hi I have a quick question and I am wondering if anyone can advise me on it. I have recently decided to allow my girlfriend to move in to my house, which I own on a mortgage in my name only. We have been together for a while now and whilst I am adamant everything will go well between us, I am curious what would happen if…
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Would I get a mortgage for this amount ?
Hi We have a property which we have finally finished mortgage on it is mortgage free and valued at £475-500k. Me and my wife have a joint income of £70k. I also have a buy to let property worth about £250k with a mortgage outstanding of £95k. The rent covers payments by 125 percent each month. I do not wish to sell the buy…
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Quick and simple mortgage question
Morning :) My 5 year fixed rate joint mortgage expires 31st December this year. From this date I'd like to remortgage alone. I'm already familiar with the rate offers and will likely be going for First Direct 2 year fixed rate 85% LTV residential (I do have a current account with them). Question: At what point should I…
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Mortgage / dmp / equity / second charge
I'm looking for a quick bit of advice from someone more qualified than me - to see if my idea is viable. I've been over on the DMP board and was pointed in this direction. As it stands: House Value - Approx £285k Outstanding Mortgage @ 1.94% until Aug 18 - Approx £149k Outstanding Second Charge @ 6.2% - Approx £30k DMP…
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Credit card debt and Personal Loan
Hello, I am planning to get a mortgage early next year and I need advise how to manage my existing debt based on the experienced users on this forum. I have got 42k limit on my credit cards and I am utilizing 20k on them. All of the debt is on 0% balance transfer offers valid till July next year. I have also got a personal…
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First time mortgage advice.
Hi all. Im seeking a little advice on a specific question and hope someone can help... My partner was at Halifax today to apply for a mortgage in principle and was surprised to find that the lady at Halifax said they don't calculate her full earnings just her contracted hours and then, (and heres the bit we are interested…
