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Precise Mortgages Help to Buy
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first time buyer morgage, same times as bills?
Hi I know its a bit away but will soon be here and seeing if there was a solution. I understand that when you apply for a mortgage the bank will check the last 6 months, we are very good with our money. We are looking at applying for a mortgage in June 2017 as we will have 10% saved as well as a little money for fee's etc…
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Mortgage advice needed!!!
Hi Me & my husband are looking to buy a house but unfortunately he took out a Debt Relief Order in June 2015. This finished in June 2016 and he is off the insolvency register but the DRO will stay on his credit file until 2021. We're looking at using the H2B Equity Loan scheme as we've got a £15,000 deposit and are looking…
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Barclays mortgage reserve when switching mortgage
Hi, I've messaged Barclays so will get a reply within 5 days, but I just wondered if any of you good people can tell me ... My 10 year fix is up. I'm looking at staying with them, either rolling onto the lifetime tracker rate or fixing again. Will they want my reserve paying back when the 10 year fix ends? It didn't occur…
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Many questions affordability/maintenance payments/new build
This is a bit of a long one so bear with me... Say a borrower passes a mortgage credit check, do mortgage lenders base their decision to lend based purely on affordability? For example, Santander affordability calculator say they are prepared to lend me x amount. Does the credit check affect this amount or is it accurate,…
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Do I pay my mortgage off?
My partner is terminally ill and insurance company have paid out on his life cover. Should I pay all of the mortgage left owing or majority leaving a small amount left owing? Please help.
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Mortgage Chances with 1 salary
Oh I hope someone can help! My husband and I and 3 kids are trapped in a 2 bed terrace with very little equity and need to move asap. Our circumstances: We are aiming to have £25/30k deposit very shortly. Husband earns £21,750 I am unable to work- full time carer. Price of 3 bed semi in our location is approx £180,000. Is…
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First mortgage credit check?
Good evening We are nearing completion of the purchase of our first property. We have our mortgage with the Halifax and received our mortgage offer some time ago. We are looking to buy some new sofas on finance but I wondered wether there would be any additional credit checks before completion. We have not signed the…
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Is this remortgage plan sensible?
I'm currently 2yrs 8months into my first time buyer mortgage: LTV: 90% Term: 30 yrs HSBC 5 year fix on 4.49% until 31/03/2019 borrowed: £121,500 remaining: £116,000 payments: £615 current ERC: £2,500 The HSBC remortgage tool indicates re-mortgaging the £116,000 would give an LTV of 75% (they assume value of house has risen…
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House buying stages
I have googled this but couldn't find the info, we have a broker and have an AIP for 275k, I've located a house I am interested in making an offer on, what happens next, do I call the agent and thell them I want to offer X then go to my broker or what?
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Off Set Mortgage
I have an offset mortgage which is interest only of £210,000 My husband is 61 and I am 56 our income is from house rentals and a holiday let. Our mortgage is up in 2027 at which time we would have to have paid any outstanding off. I can afford to pay an extra £1000 per month off the capital but that then leaves us with…
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Help to buy equity loan New build warranty question
Hi Long time listener, first time caller. I'm in a position to purchase a new build property with htb eq. The only issue I have is the developer it's using an architect certificate or pcc instead of a warranty/nhbc. It only gives 6 years cover on the architects liability insurance Does anyone know if this will fly with the…
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Morgage help... do I do this and risk everything....please help
No I have never done anything like this before long story short... my partner and mother fell out 2 years ago and will probably never talk again not good I no... back to the real issue My mother split with her partner 3 years ago sold the house they owned and the money is sat at solicitors. She lives with my sister in her…
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Have My mother been mis-sold a mortgage?
Dear All, I am trying to find out if my mother has been mis-sold a mortgage, please let me know if this is correct? My Mother in 2002 purchased a house for £325,000 at the age of 55 in West Yorkshire. In 2008 she was advised buy my sister to remortgage as my sister worked for an incentive driven large London estate agents.…
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Child maintenance included on mortgage application
We're about to apply for a mortgage with nationwide and are using CSA payments towards our income. I've been receiving this satisfactorily for the last year apart from 2 weeks in October when my ex partner was on paternity leave therefore his income was too low for the CSA to take any payment. Will this effect the…
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Re Mortgage Help
Hi looking for some help. We recently done a remortgage and everything was finalised on 28th October. I have went on today to check the old mortgage and just confirm it's all cleared and it's still showing a balance outstanding? How is this possible. The previous mortgage was not on any deals and we had it over the period…
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Buy to sell ?
Hello I've seen a flat come up for sale in the development I am in. Needs doing up and is priced accordingly. Prices here have shot up and I've kept an eye on prices and done bits to my property. Some things I'll need help with, but being aware of costs (same size as my place), there's still strong profit to be made. Is…
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In need of advice please
Hi, I should start by saying I have never bought a house before and apart from reading the MSE mortgage guide, I am pretty much clueless. I have been saving for many many years and finally decided to buy a flat with shared ownership. So far I have seen the flat I want, declared my interest, had my financial assessment and…
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HTB - Self Employed - Skipton BS
Hi All, Nervously waiting for some kind of something from Skipton BS. My timeline is below. I am S/E with 2 years worth of accounts. Doing the HTB scheme on a new build. The builders brought the plot forward to March from May and are now seriously pushing exchange.. Arrrgh! Do Skipton's await a Valuation before…
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Early redemption fee in the last month of fixed rate deal
Hello, Now, before I start, I was fully aware of the Early Redemption fee and, if I have to, will pay it, but begrudgingly :) My fixed rate mortgage deal ends on 31 January 2017, but we are expecting to complete our sale on 6 January 2017 (this is what all the parties are aiming for). My last mortgage payment under the…
