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Self employed new build mortgage... is it possible?
Hi, My partner has been in business as a director of a limited company for 2 years in August but we want to find a mortgage lender that will lend to us with less than 2 years' accounts as we've found our dream home already. It's a new build property so wondering whether that complicates things or whether Precise /…
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No more finance, Mortgager wants 50k
My mother has just run into something of a stumbling block. Her interest only mortgage comes to an end soon. She was going to sell an asset in order to repay the mortgage but a bureaucratic problem has rendered that asset worthless. Between the two of us we have managed to beg, borrow and, errr, no it hasnt got that bad…
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First Post - Advice on Re-mortgage
Hi guys, This is my first post, I was looking for some help. I joined HSBC on a five year fix with a rather high interest rate and I'm looking to find out how much I would save by taking up a new deal and making overpayments, all deals are with HSBC. My current mortgage is: £97,152 Outstanding @ 4.39% £512 + £123…
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Mortgage Option on Seperation
Hello Newly separated not sure what my options might be, please be kind. I have recently separated from my husband and really want to try and keep the house myself if I can however, we have 2 mortgages on the house at £194k and the house is valued at £240k. I earn £27500 a year so don't think I would be able to get a new…
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Remortgaging: Do lenders negotiate fees/rates?
Hello! We're coming to the end of our fixed rate mortgage (31/07/2017) and would like to get another 2 year fixed. Is it possible to negotiate the fees and/or rates of lenders, or are products generally just 'off the shelf'? Particularly interested in whether Skipton are likely to negotiate, but experience from any lender…
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Adverse Credit, what are the chances?
Hi All My first thread here so please be kind I’m just looking for some advice from people in the know, or who may have had a similar experience with regards to adverse credit and receiving approved applications. Myself and my partner are FTB and have made an offer on a house after receiving AIP from HSBC. My credit report…
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House Deeds
I have transferred my mortgage to a new bank recently. The old provider have sent me a big pack through the post which contains historical documents that go back 100 yrs (charges, maps etc). I guess I am now responsible for these docs. But are they valuable? What is their purpose and what are the consequences if I lose…
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Mortgage commission rebate
Hi. I could only find information from 10 years ago on mortgage commission rebates. Moneybackmortgages appears to be the only site still doing rebates and have estimated 0.1%. Has anyone used them or another? I've used a broker many times and been happy for them to get the commission for the work and advice provided, but…
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Mortgages for 60+ for BUY TO LET purpose? Which lenders provide them ?
What is the availability like to get a Mortgage from lenders for somebody who is in their early 60s years old? for a buy to let purpose (not to live in) They currently have a property they live in, and want to buy another one to rent out. a) How are lenders to give a mortgage to 60+ ? ie, Lenders do consider it, but they…
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Have I built my credit back to a decent level?
Hello, I've been building my credit report back from the depths of doom for the last 2 years and it has now started to rise rapidly. My mum said they would put down a 10k deposit for a mortgage if we wanted it. I don't mind holding off as I've rented for 10 years now. Any advice would be much appreciated. Clearscore 412.…
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When does a barn conversion project become mortgageable?
Good evening all, I have done a bit of looking around online and cant seem to get any particularly clear answers so thought I'd have a punt on here. Situation: Own a barn with planning permission (valued £220k). Currently in the process of obtaining a bridging business loan for £200k to commence works. Estimated total…
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Getting a mortgage - easier as sole trader or company director?
Hi everyone, I'm currently working as a sole trader, but would like to incorporate to a limited company, register for VAT and generally progress my business. However, as a company director I get the impression it would be a lot harder to get a mortgage, and I am desperate to buy! As a sole trader, my salary this year…
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Capital Raising Mortgage?
Hi everyone... :beer: Hoping someone can help and point me in the right direction. I own three properties, mortgage free. Two are residential properties (my own, and my parents) and the third is a house I let out. I want to buy another house to let but don't have the full funds to purchase it outright and thus need about…
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Help to Buy as an Option
Hi, as from my previous posts, the situation is that my partner has a property we wish to let out when we buy a new home, which means we need to pay stamp duty etc. Therefore, as an alternative, I was looking into purchasing a new build with help to buy equity loan in my sole name. Could anyone shed some light on how this…
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Mortgage for buy out
Hi, I inhertited 12.5% of the property I am currently living in and paying rent to the other owners. However, I am wanting to buy the property and own 100%. When applying for a mortgage, can I use the 12.5% towards my LTV and have a mortage for 87.5% or do I need physical cash? It is all very confusing as to me, I am…
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Repairing credit for a mortgage ...
Hi guys, I'm hoping someone could give me a little advice please? I've got pretty bad credit due to my own errors and late payments, which I'm now working hard to resolve. For the last few months everything has been paid on time and a promotion at work means I have no issues in repaying my debt. I have 2 catalogues and a…
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Would a lien placed on my property affect my remortgage
i am going through a divorce i want to remortgage on a shared equity property ... My wife has placed a lien on the property will it affect getting a remortgage i need to do home improvements.
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Remortgage
Hi, How long before my 2 year fixed term should I plan to start making inquiries on remortgaging? thanks
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Found a Potential House - Help to Buy
I've found a house in the area we like that seems to suit us the only thing is it's a new build...we have been told by the estate agents that the Help to Buy scheme is available. One of my colleagues is buying a house through this at the moment but he is buying with a big housebuilder and has gone through their broker. So…
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Mortgage - First Time Buyer and Self Employed
Hi I was wondering whether someone could help me out please? I have owned properties and so has my husband, however, never together. Are we classed as FTB? It soo difficult to find out who classes for this? The last property in his name was 8 years ago and mine was 4. Also he is self employed, how does this work we want to…
