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Over 50 interest only mortgage?
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Mortgage at 16
Hi Everyone, First time post so apologies if it's in the wrong place or I'm asking something that's already been answered (I did search and couldn't find a suitable answer). I have two lovely daughters, who are 16 and 14 respectively this year. Both have inherited money to the tune of £60k each and both are keen to spend…
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re-mortgaging Advise
Looking for advice on where to find a decent mortgage broker – there doesn’t seem to be any in my area – does anyone have any experience with online mortgage advisers? London Mortgage advisors seem to have decent reviews, but not sure if a smaller more personalised broker would be better. Also what are my chances of…
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Lifetime renters, 1st mortgage at 50
We've rented our whole adult lives choosing never to go down the home owning route which I assume might be rare, but not unheard of. After a 40K windfall my OH (50) and I (46) are deciding to buy a place and relocate back up north from London. I came here to see what questions others ask and advice they receive and what…
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Advice please
I have a mortgage on a property with my sister that she lives in, I do not live in this property at all, we did this 3/4 years ago as an investment for us both. My sister lives in the property and pays the mortgage, and all bills, so I have nothing to do with the daily running of this house, I'm just on the deeds and the…
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First time buyer questions
Hello everyone. First of all a disclaimer, I apologise if some of these questions have blatantly obvious answers however I am quite new to anything to do with mortgages. Basically I am saving to buy my first house however I think I may have a few large stumbling blocks. Firstly, I have about £4100 of credit card/overdraft…
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Nationwide declined grrr
After a painstaking 2 1/2 weeks of waiting for a dip refer with nationwide... and after telling me on Friday night not too worry we passed the credit checks and borrowing 100k less than they would have offered and that it just needs signed off by the underwriters we were declined today... there reason? Because we can't…
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Charging order then house repossessed
A house I owned had a charging order attached to it, which was nothing to do with the mortgage, then the house was later repossessed by the mortgage company. If I buy another house can the company who had the charging order apply to have it attached to the new property? Thank you.
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Urgent advice needed
I have managed to get an agreement in principle with my partners sister, my partner has a default and she isnt able. 1,) My partners sister is currently renting from the local council and wouldnt be staying at the property purchased. She is our last resort for our dream home and would only been on the mortgage until my…
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Mortgage overpayments: Have I made a mistake?
We are currently 4 years in to a 40 year mortgage (I know... only way for us to get on the ladder) and our first fixed deal is coming to an end. For the last three years we've been overpaying by £100 each month. When we first started doing it, I mentioned to an acquaintance who works in mortgages that we'd probably ask to…
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Mortgages for business
Good evening all, I have a question ref mortgages, I currently run a guest house with a business loan & I've been informed that you can still get a personal mortgage. We live within the business itself. Can we got mortgage please help
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Mortgage chances with defaults
Please be kind... I am hoping some one can help. I have made a right mess in the past and that it is finally coming to bite me! My partner is wanting to buy a house with me next year and he will have a deposit of 70k from a sale of a house. He has perfect credit history and we were wanting to buy a house for £250k. However…
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What happens if you lend more than you owe?
We've just remortgaged and applied for a mortgage of 96,000 as we didn't have the exact figures of what we owed. We've had the mortgage approval but since realised we only owed £94,000. what will happen with the extra £2000? will it go to us? i can't work it out!
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remortgage tips ?
My remortgage is due next year but I have two questions before this will happen. Can a big deposit at that moment help me to get a better remortgage deal/interest rate or this is something that doesn't matter ? Is there anything that I need to know prior to the due date, something that can help me to get the best deal on…
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What banks will lend on a house owned for less than 6 months?
Hi everyone, quick questions does anyone know what banks will give mortgages on a house that the seller has owned for less the 6 months?? My girlfriend is in the process of buying her first house, everything has been done it's all set up, she arranged the mortgage with the Halifax and was about to exchange contracts. But…
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Calculating our available funds
Hi I am looking into buying a property with my partner and am trying to work out my budget so we know how much we can afford. I have 95K left on my mortgage for a property that I reckon would sell for £350K. (I paid £235K for it in 2010). My salary is 47K. My partner's place would sell for about 200K and has a mortgage of…
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Mortgage Overpayment
Hello, My girlfriend and I have recently moved into our new house. We bought it back in November for £163k. We paid a deposit of £8k and a goverment help to buy equity loan of £33k. Leaving us with a mortgage of £122k at 2.19% interest. There is a lump sum of £5k which will becoming available to us and want to invest it in…
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alliance leicester buy to let query
I am hoping some forum members will have a few suggestions for me please. I have a ten year buy to let interest only mortgage with A & L which expires in a year with some very nice tenants who are moving out in ten months. I am happy to sell the property to pay off the mortgage but as we all know -…
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First time buyer - Credit card OK?
Hi all, I'm going to be applying for a mortgage in the next 12 months or so, and I wondered if anyone could offer some advice on how a credit card debt could affect my application. I'll be buying with a 10% deposit and currently have no debts/credit cards and a good credit history. I've read different advice from different…
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Mortgage Advisers - Worth the Cost?
We have our 10% deposit together, and we're off to see a mortgage adviser for a free consultation. Should we accept their services, we'll be paying them £250 to find us a first time buyers mortgage. I have a good idea of what's on the market, just not maybe what's best for long-term goals. Do you think it's worth the…
