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Best approach to getting a mortgage with past bad debts and ccj
Hello everyone, It's a long time since I've posted on here but recall getting some much needed help and support a few years back when I was really struggling, so hoping someone might be able to advise again. So in 2005 I bought a shared ownership property in south London, and then 3 months later found myself made…
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Pay off mortgage earlier or save? Development/BTL mortgage vs Residential?
Husband and I are about to pay off our mortgage, but rather than bask in this newfound freedom, we may be about to purchase some land from a friend with planning permission for a 3 bed house. The plan is to buy the land and do nothing for a couple of years (we have just finished extensive renovations & have young kids),…
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Remortgage with Help to Buy (Home Equity Loan)
Hi, We currently have a mortgage with Nationwide on a 2 year fixed rate which expires in September 2017, at this point we will have a 10% share of our property. With a 20% share also being owned by the Government (HTB). Does anyone know or has anyone been in the same position and looked to remortgage retaining the help to…
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Type of mortgage advice - we want to buy a property for my Mum to live in
We have recently found out we have built up a sum of equity in our house (about £90,000 potentially) so we have been looking into the possibility of using this to enable us to buy a home for my mum to live in. She is currently in rental accommodation, as she has been her whole life, and, with rental prices soaring, and the…
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Mortgages - Main Income CTC/CB?
Hi, Does anyone know if any mortgage providers will lend to those who's main income comprises of child tax credit and child benefit? Only looking for a small mortgage, approx 10% of property value (the other 90% is from sale of a house several years ago). Thanks :)
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Selling Main Home & Rental Property >> Timing
Hi, just looking for some advice, I have decided to sell my rental property and also my main home as I'm looking to move area and both have increased in value considerably. The rental property is currently on the market and am expecting a formal offer through in the morning. Once it's finalised I plan on putting my main…
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BTL mortgage into retirement
We have paid off our own mortgage and are thinking of applying for a mortgage on a new property for a close relative who would be our only tenant. We would sink a chunk of our savings into the deposit. Our house is worth over £600k and the proposed purchase under £200k. Our income is over £100k p/a and outgoings consist of…
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Staircasing shared ownership
Hi, I have had a quick search but only came across very old threads. We bought our house in early 2011 for £155,000 at 50% mortgage 50% rent shared ownership. It is now worth around £197,000 (which is what next door hair sold for which is identical). My question is, do we try and staircase to the largest share we can or…
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Mortgage Broker and damaged credit file
Can anyone offer any advise on the following My daughter and her partner have recently applied for their first mortgage He is working, she is disabled - they wanted a low amount on a help to buy property The broker had all of their details and ran affordability checks which stated they could borrow £30k over what was…
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Skipton Remortgage Fees
The last time I checked a month or so ago they offered fee free 2 year fixed rates for remortgages. Now they all have a £995 "completion fee" (ouch!). When did it change? Do these charges also apply to present customers switching products?
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MoneySaving News: Market-leading 0.99% two-year fixed rate mortgage launches
Market-leading 0.99% two-year fixed rate mortgage launches...Read the full story: 'Market-leading 0.99% two-year fixed rate mortgage launches' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Any experience of SimplyAdverse mortgage advisor?
Hi All, We are looking for an adverse credit mortgage and want to ensure we use a specialist broker. Does anyone have any knowledge of Simply Adverse? They seem very helpful so far - they seem to be part of the Intrinsic network
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Adding someone to mortgage & borrowing more
Hi, Looking for some advice please. I have had a mortgage in my sole name since 2008. The outstanding balance is currently £55,000 and the property is valued at £115,000. The mortgage is currently with Nationwide, is a five year fixed rate and can be ported to another property. I am getting married this year and my partner…
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Should I remortgage?
Hi, have been considering remortgaging early and paying the early repayment charge (£7000). I currently am 2 years through a 5 year fix at 4.99%. Mortgage outstanding is £145,000 plus £7000 early repayment charge to be added to remortgage. Property valued around £174,000. Have put all this into comparison sites and looks…
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Where to go for an AIP/DIP?
Hi all Where do I go to get a DIP/AIP? Our house is getting valued in the next few weeks with a view of it going on the market depending on the valuation etc. We will be looking at properties in the £165k region with a 10% deposit. Wife is keen to get ours on the market to enable us to be in a better position for offering…
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Halifax further advance
Anyone taken out a further advance for home improvements with Halifax? We have plans for an extension and have asked for £40K to fund it. They've said that they can lend us that amount, but will only release the money upon receiving a final invoice. Which means the work has to be completed before they'll pay out the money.…
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Non resident buy to let mortgage
Hi, posting on behalf of our son who has a buy to let mortgage with Halifax at 5.24% on approx £64000 and is looking for a better rate. The value now is £115000 so is in the LTV of most providers. He is non resident and unlikely to return to live in the UK. Does anyone have knowledge of providers who deal with non…
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not sure if my Broker is at the madam!
Hey all, New to all this forum malarkey so bear with me. Applying to buy a new build in Scotland. Saw a house we liked early Feb 07/02 AIP TSB 09/02 deposit on house to secure it 09/02 HTB app submitted 16/02 HTB approved and authority to proceed received 21/02 mortgage appointment and full application submitted to TSB…
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Consent to let - Nationwide or HSBC?
Clue is in the title - does anyone have any experience with gaining consent to let with the above providers? I need to re-mortgage but am then hoping to move in with my boyfriend a few months later. I've narrowed it down to two deals - Nationwide tracker or HSBC fixed both for 2 years. I've had my house for 5 years and…
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Get a mortgage on half a house
Hi, In about 18 months my family and I are thinking of moving into my wifes parents property which currently has no mortgage outstanding on the property, and is worth about £500k. From the sale of our property we will raise at least £100 and want to buy half the house from them, with the remaining half kept in their name,…
