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Applying for a mortgage whilst in receipt of DLA
This is my first post so please excuse any errors. I am a 51 year old man in receipt of Disability Living Allowance and Employment Support Allowance. My wife and I are going to divorce and we have decided that she will stay in our home and I will move on. She has arranged a new mortgage and will be paying me approx £30,000…
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How to finance a property renovation project
Hello, I'm thinking about investing some cash that I have into property renovation) on a small scale only). I'm talking about having enough cash to put down a 25% deposit and enough left over to fund the renovation. Can someone advise the best way to finance the rest of the property purchase? Is there a special type of…
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Mortgage advice urgently required Flood
We have a mortgage with a high street lender.... We bought the property over ten years ago and have flooded twice... In the next few years, we have been advised that we will flood yearly. If our property is worthless, does the mortgage company have a duty of care to help us financially? Your help is much appreciated
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Ex local authority
We have made an application to purchase an ex local authority property though aldermore. Having read though posts on here it seems aldermore do not like this kind of property. Does anyone have any experience of purchasing an ex local authority though aldermore. Their criteria states that is fine as long as their is a…
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HTB Staircase payment affect on interest
My position at the moment is that of a prospective buyer looking to use HTB. I am able to get my mortgage down to a 70% LTV using this scheme and it allows us to get a similar level of house to the rented one we are currently in. I have done some details spreadsheets that calculate HTB Interest rates, monthly repayment…
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Should I buy to let?
Hi, As the title suggests I was wondering if now is a good time to buy to let? I have done a bit research on buy to let mortgages but in general is this a good way to make money or is the risk very high? I have friends who have done this previously and bought a very cheap house and refurbished it themselves cheaply so…
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so my mortgage chances are......
as from my other thread where i mentioned about my credit history i have some more info on it all here goes.... for the last 2 years there has been 0 late payments and 0 defaults,all my credit (loan/credit cards) all up to date with no finance applications in the past 6 months in april 2014 there was 1 late payment on my…
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Registered Addresses when Applying for Mortgages
After living in an HMO for some time, I have enough money in savings for a deposit to finally move out and buy somewhere of my own. I live with four people I don't know, so for security reasons (and because I didn't expect to be here as long as I have been) I didn't switch the addresses on things like my bank accounts.…
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First Time Moving House - Help!!
First of all, hi everyone! I've followed these feeds for years and gained a lot of valuable advice but this is my first thread! So my partner and I used the help to buy gov scheme around 18 months ago to buy a flat. We purchased at £149,995, and borrowed a 20% deposit. My partner has recently come into some money, and we…
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Remortgaging - Debt Consolidation
Hi there, I am a frequent lurker of these forums but this is my first post as I am in need of some advice if at all possible. We purchased our house around 2 years ago from a relative at a good price (£115,000). We took out an unsecured loan and a couple of interest free credit cards to make some much needed improvements…
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Using credit card for fees?
I have a credit card with £3900 available (currently unused, had it for years). We are trying to figure out what our maximu budget would be and I'm trying to establish whether using my card to pay stamp duty, legal fees and survey would be possible, and whether it would negatively impact a mortgage? I've read stuff saying…
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Help to buy
Hubby has. Clean credit report (car loan 12k overdraft 2k) salarty 18k Me 2 ccj from 4.5 and 5 years ago totalling £2500 (all settled over a year ago) credit card balance 5k me salary 38.5k 2 kids We want to borrow 165k on help to buy 20% scheme does this seem possible (had aip from precise two years so when credit was…
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Business Loan
Hi all, I have a (very) small business that I run in my spare time. It's been going for about 10 months now, and I took out a small business loan when I started it. The loan is all up to date, no problems, and payments are taken each month from my business bank account. Because the business is young, and not particularly…
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Negative equity and sale
My mother has a negative equity in a property. .. property is worth 210 k. And outstanding mortgage is 270k My brother uncle wants to buy the house of her.... Is this possible and will her bank allow this. And what are the general procedures for this ?
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Should I see a broker?
Hi there, I'm looking to buy a new house in the coming months. My salary is £33.5k and I get approx £4K - £5k bonus annually. I currently have no debts but a hefty £340 per month lease car payment which I can't get out of (I've tried but would have to pay £6k in penalties to hand it back and then I would need to buy…
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Still on Ex's mortgage
:angry: Forgot my bloomin log on details o had to set a new one up!!! I need advice from you lovely people, currently me and the other half have been renting for a couple of years. We need to buy somewhere bigger as the step-kids need their own space at weekends. Hubster divorced about 4 years ago and agreed to give the ex…
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Where to get valuation for remortgage (& taking out equity)
My 2yr ends with nationwide next month. They have undervalued the property by about 10 thousand. They use price index to value. If I want to get a proper valuation, can I request they send someone out if I wanted to stay with them? Would I have to pay? If not, how do I go about getting a valuation, and how much, £300? Or…
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Paying off BTL
Current situation living with parents but thinking of moving in my BTL maybe eventually. I have arround £37k in savings and the current mortgage on the house is 33k with a £330 fee for paying it off early. Would it be best to just pay the mortgage off in full then see what happens or keep the mortgage running and leave…
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Mortgage with Defaults
Hi My partner has 2 defaults over 4 years old. One for £250 on a santandar account which she didn't know about and another £2000 on a car. She missed some payments back in 2012 on this due to redundancy but has been paying back each month since and the balance is at£2000. She hasn't missed any payments on anything since.…
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Will I be able to get a mortgage?
Morning everyone. I'll be looking to buy a house in 3 months time. I've played around with Nationwide's calculator. It says I would be able to borrow around £155,000 but I thought I would ask on here to see if someone has taken a mortgage out in real life with similar figures to ours. If mortgage brokers could comment tooI…
