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Help to buy Isa question ?
My and my girlfriend are looking at buying a new build due to complete in June and exchange next month.. we have 10k as a deposit plus 50k from a family member paid via there solicitor to my solicitor as the house will be subject to a charge on the only condition that the money is repaid on sale, mortgage lender is ok with…
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Brand new startup! Mortgage help??
We are about to open a brand new start up yay us!! However an interesting opportunity has landed on our laps. The building owner has offered us the freehold for 175k with a year to make the decision. We calculated that if we could get a mortgage on the property the repayments could be the equivalent to the rent being payed…
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Do I need to reapply for mortgage if I withdraw my offer on property?
I currently have a mortgage application approved with TSB for a property. The vendors want 6 months between exchanging contracts and completion due to them buying a new build thats not yet finished. I am considering withdrawing as 6 months is just too much of a risk. I have got my eye on another property on the same…
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Any 5 or 5.5x salary lenders?
Good evening. I went to Halifax this morning as I've heard them and Barclays are the most generous lenders. Halifax said that it normally lends 4.75 times your salary. After going through my AIP, on what I was hoping I can get £180k, I was only offerred £165k, which together with my deposit adds up to £235k. As I live in…
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Melton Mowbray
Hi Just wondered if anybody has had a mortgage through Melton Mowbray BS and if so how the application went? One for the brokers, is the decision in principle from MMBS reliable? Thanks in advance for any help! Newby
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Going on half on property with sibling
My brother has just offered to go half with me on a flat that I am buying. He proposes that he will give me half towards the deposit and pay half of the mortgage payments. He will not live in the property or have anything to do with the mortgage he will literally just be giving the money to put back into my savings as I…
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Mortgage advice please
Hi all, I'm from the UK and have been overseas for 7 years and just returned 3 months ago. We have a business that is doing very well financially overseas and we've just taken on a lease for a small hotel in England. We've taken the lease on through a LTD company which I'm director of. I'm guessing, because I'm the…
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Best way to buy a house with a holiday let
Hi Looking for advice. We're moving to Devon and have seen two houses - one that needs a lot of work but has a barn that can be converted into two dwellings to let and one that is all done and already has two cottages that are successful holiday let's. Obviously the 'done' one is considerably more expensive. Do mortgage…
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Win £35,000 deposit (First Time Buyers) @ Wickes
Not sure if this should be in competitions but I thought people interested in mortgages would be looking in this forum? If you are happy to put your details in, this may be worth a punt. At Wickes, we know just how important a home can be, and that’s why we’re giving away £35,000 towards a deposit for someone to buy their…
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Remortgage for Mature Student??
After watching Martin the other night, it occurred to me that i have never changed our mortgage from the original lender so thinking I could be getting a better rate elsewhere. At present, it is a variable rate at 3.74% at Halifax So thought it is time to see if i can get cheaper elsewhere BUT here is the problem although…
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Shared ownership mortgages
Hi all, My 2 year 2.89% fix with Halifax finishes at the end of April and with my current LTV (70%) it looks like the current deal for another 2 year is 2.69% (no fees). All the ones being advertised for little more than 1% look really tempting although the near £1k fees put me off most as my monthly payment would drop by…
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Can I take out a second mortgage with my fianc!e
Hi, I am a homeowner through a share to buy scheme. I have a flat that I own 35% of. I recently remortgaged, my mortgage is 50k, an I calculate my equity to be about 20%. My fianc!e is looking to buy a house which I'm not going to be moving into for 12 months, due to where I'm working. Can I take out a joint mortgage of…
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Coventry BS AIP
Evening, My partner and I have just had our AIP approved by Coventry Building Society (with credit check). We are hoping to offer on a house and complete the full application in the next couple of weeks. Does anyone know if the Coventry do a soft or hard credit check at AIP stage? It isn't clear from our phone…
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Halifax gifted deposit
Hello Does anyone know if Halifax require family members bank statements for gifted deposit or just the signed letter confirming the gift? It's about 7500
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AIP for Extra Borrowing, Credit Cards?
Hi When we bought our house we used a broker, but I don't get the impression most people use them in our situation (could be wrong, just don't know anyone who has for second purchase). We want to relocate for work, and ideally upsize at the same time. We got an AIP from NatWest (current lender) to borrow more money. I…
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Joint endowment policy but cant locate my ex
I've got a joint endowment policy which I took out in 1995 with my girlfriend at the time for a house we bought. Suffice to say it didn't work out and we went our separate ways, at the same time we stopped paying into the endowment and the policy was frozen. I've now received a letter stating that it's worth about £5,000,…
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End of mortgage term
Hi, What's the deal when you come to the end of your initial mortgage term? Do you have to go through the whole application process again (like 2-3 hours on the phone) to get put on to a new product? Or can you just select a new product and they assume you're still okay to pay for it? Cheers.
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Shared ownership.
Is it ever possible to purchase 100% of the property if you originally only purchase 50% share. Hope that makes sense. Thanks.
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To use a broker or not - advice needed!
I have inherited a house which we have been living in for just over a year. We are looking to do some improvements to the house and to finance this are planning to "remortgage". Is it worthwhile going through a broker for this or with the amount involved (25000 mortgage 160000 house) would it be fairly straightforward…
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Nationwide due for renewal
Hi everyone ... Any concrete advice appreciated so thank you in advance. Took mortgage aged 52 in 2009 (£110k) ... with help of LHA on Help to Buy (Govt old scheme) where I took £65k with NW and £45k with LHA (basically 2nd mortgage I suppose) this increases slightly each year as main mtg decreases. There is no buying…
