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Permanent Employment Contract but can't get a mortgage
My partner and I have found a property we want to buy and have had our offer accepted. We have a decent deposit but due to us both changing jobs, we are having issues getting a mortgage (I have a mortgage in my sole name on our current property through Halifax). We are both currently in full-time permanent employment and…
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Joint mortgage with adult child
Hi there. Lookin for advice on taking out a mortgage with employed son. I'm separating at 55 and will have a decent deposit, but wondered about possibility of getting a new mortgage on my own as I have 10 yrs of work left in me ! Plus I would like to cut out the bureaucracy if something happens to me so that son gets the…
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Help...no way out?
Hi guys newbie here, please could someone offer any advice on the following ? So we have been in our current house about 2 years and previous to this house we were in the other house for another 2 years. Basically we moved as loyal mover customer although the mortgage company said that the mortgage was not affordable?! Im…
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In current climate, would you opt into a 2 yr fix or 5 yr fix
2.44% 2 year fix with FD or 3.19% 5 year fix with FD no fees on either Mortgage is 150k, value is 170k
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Aviva Endownment matures may 2017
Hi Guyz i have an Aviva endowment i think it was an old L&G one, it is covered by the mortgage promise, But it does say we may pay an final bonus have they been doing that this year or late last year, or is it just the bonus that are shown on the latest statements, that it will pay out ? Thanks for any input Al
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First time buyer
Would just like some advice really me an my partner are only young 20 with 2 children we have full time jobs an earn aroud 26,000 a year we have a deposit of 115,000 to put towards a house that is 260,000 just wondering would we be accepted? The women I spoke to said there shouldn't be a problem but want to here from other…
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Can we remortgage?
Hi, The wife and I have been on a money makeover for the past couple of years after racking up huge debts. We have worked hard, knuckled down, cut the spending and now find ourselves in a position where we owe 25K unsecured debt - it was quite a lot higher before. We earn about 70K before tax and deductions. our oldest is…
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Agreement in principle and beyond
Hi, I'm currently beside myself with stress and looking for some hope through numerous Google searches and the like, which have lead me here. My wife and I are currently up for remortgage, we have opt'ed to use a broker this time around. As part of this we are taking more money out to consolidate our credit card debt from…
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Cancel endowment insurance and put money into pot?
I have paid my mortgage off early and I have an endowment that I no longer need. I am continuing to pay into it (about £90 a month). I obviously no longer need the insurance. Is there any value cancelling the insurance premium part and paying the insurance part of it into the main fund (i.e. keeping the payments the…
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Getting a new mortgage after a change in circs
Hi all, would appreciate some advice. We bought our first home last summer and got a 2 year fix. This doesn't run out toll Summer 2018 but i'm a bit worried about getting a new mortgage rate at that time because my circs have changed. Whereas I was the main earner before I have become disabled and recently made a claim for…
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Help to Buy Equity Loan - what % to take
Hi people. Weren't planning on buying so soon - have just been saving endlessly but we have seen a new development come up next to us offering the London HTB equity loan scheme and we really want to go for it if it's possible. The flats are reserving in a couple of weeks time and building finished by September. Applicant…
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Pay off credit card or save for deposit
Hi all I know the normal thing to do is pay off any debt but I'm at a dilemma at the moment, I went bankrupt over 10 yrs ago learned from my mistakes and got on with it. Anyway my question is I have a small amount of money that I want to put into a deposit for a house and a have a credit card with £2800 which is on 0% for…
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Interest rate dropped just after getting new fixed rate :(
I've just checked my current mortgage providers rates and they've dropped by about 0.5% on the 2 year fix I got just last month that started on 1st of this month. I got the deal through a broker and was chuffed to be saving £15 a month with my new deal but now a bit annoyed that they've just dropped the rate even further…
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Family assisted mortgages in divorce
I wondered if anyone had any experience/knowledge of family assisted mortgages? My younger sister, a SAHM with 2 young children is facing divorce. She and BIL have c. £90k equity and a £110k mortgage. I co-own my own home with the bank. Presumably the only way to keep my sister's house is to buy out BIL (let's assume £45k…
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Proof of deposit and stamp duty - how much exactly?
Going to remove this
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shared equity
I know this part of the forum is usually used for mortgages, but I was hoping someone on here could help me as I genuinely don't think I'd have been able to do an execution only mortgage without this page! So mortgage offer was accepted, we received the email Wednesday, solicitor received it in the post on Thursday (my…
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BTL mortgage without job
Hey my wife is thinking of using her savings to get a property to get some rental income. At the moment we have a choice to buy out the property 100%. However, there is a potential that we may need to have some saving at float so we are considering the option of a Buy to let mortgage in Scotland However, i am not sure if…
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Borrowing more during 5 year fix
Hi, We're currently 16 months into our 5 year fixed deal with Co-op. We had a 5 year plan for this house, to do it up and sell it on once we're out of our fixed period. We've half done up the house with money we made off of our last property. I've worked out roughly that £10k would finish off the house and enable us to…
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Mortgage for Disability House
A friend and I have got a £30,000 deposit to put down on a house we've seen for £160,000. Neither of us will be living there as I have my own home and am mortgage free and my friend has her own home with a mortgage. We are buying the house to rent it out to disabled adults and their carers as a type of supported living…
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End of tether reached
