-
Affordability checks at end of mortgage deal?
Hi all, I have a mortgage with Post Office/Bank of Ireland and the 2 year fixed deal is coming to an end soon. Very recently, my wife was made redundant so any decisions in principle that I have checked do not cover the outstanding remortgage based on my single income, especially given that we send our daughter to a…
-
Help to buy with larger deposit
Hi folks My partner and I are looking at the help to buy scheme in London. We currently own a property with a value of 340k which consists of about 140k outstanding mortgage and 200k equity. Using help to buy would it be possible, for example, to look at properties for 500k using a 200k deposit, 175k loan from Help to Buy…
-
Mortgage for over 50 possible?
Hi Im a UK citizen , 55 years old and currently rent , I`d like to buy a small house in the south west and currently earn around £35k BUT I work for an agency on a zero hours contract , I have a very good credit rating and could put a 20% deposit down on a £160k house. I would be a first time buyer. Q: Do I stand any…
-
Halifax cancelled my mortgage agreement
i had a mortgage agreement with the Halifax, they told me how much i could borrow and said come back when you have found somewhere, which is what we did, i went into to see them twice more with all paperwork and documents they requested and each time they spoke to the underwriter on web chat, all was agreed, intact they…
-
Releasing Equity from Parents Property, Guarantor or Property transfer?
Hi All! I've been using these forums for year but have never actually used them. I have a reasonably complicated situation so this could belong in a number of topics! Basically, my parents have recently split up and my Dad is currently living in the family home. He needs to raise £40k to 'pay off' my mum. The house is…
-
Haggling a remortgage?
Hi Just wondering is there is any wiggle room/haggling in regards to re-mortgaging? Basically I can find similar deals to what my current lender is offering but perhaps paying a few quid less a month or slightly higher cash backs. Is there any negotiation to be done by perhaps saying I'll stick with current lender if they…
-
Consent to let?
I've got a mortgage with HSBC and want to buy another property. I was hoping to rent out my current property so thought I will need to convert my current mortgage into buy to let. So, I contacted HSBC about that and was told that I can't convert my current mortgage into buy to let and that would be only possible after I…
-
Conundrum
Could my son buy a percentage of my house? He lives in it - live elsewhere...
-
Ftb - how likely are we to be accepted
Hi, We got an AIP from our mortgage advisor with Santander and put an offer in for a house which was accepted. MA submitted our application on Monday (8 may) and a valuation was done on Thursday, we are expecting / hoping to hear wether we have been accepted next week. The house was priced at £239,950 (massively…
-
FTB restricted to only HTB mortgages?
Hi there, I have been to a strata new build site today and the manager asked me if I would be using a HTB mortgage (with the equity loan). I said I wasn't sure and was it possible for us to apply through a normal 95% LTV mortgage and she said she didn't think so - although did not sound that confident. If I want to buy new…
-
Problems in water search during conveyancing - should I be cautious?
Bit of background... I'm a FTB currently in the middle of buying a 2 bed first floor flat in Zone 4 London. It's part of what was your standard mid-terrace house (built around 1900s), which has just been converted into two flats. The owners have done a lot of work in terms of refurbishing, putting in new kitchens etc. but…
-
Paying off £17,000 Mortgage?
I've played around with this idea for a while now, and have swung from, leaving it be, to paying it off, and lm still not 100% sure, although leaning more to paying it off. Mortgage is now on variable rate, so no penalties. I've looked at deals and there isn't much to be had, as the amount to borrow is (to them) small fry.…
-
FTB mortgage timeline NatWest
Can anyone give me an idea of timeline with Natwest as a FTB? Got an AIP and in branch appointment on Tuesday. Thank you
-
NatWest Mortgages - which credit reference agency?
Hi, I have a DIP with NatWest (completed in branch with a NatWest mortgage advisor). The soft search for the DIP only showed up on my Equifax report. Does anyone know which CRA's they use at full app? The MSE website says all three, i.e. equifax, experian and callcredit / noddle. I am not sure how accurate that is tho'.…
-
Help To Buy
Hi I hope somebody can help me. I am hoping to use the government H2B Equity Loan scheme to buy my first home. I understand how it works pretty much. However there's one area that I'm confused about. I keep reading that you can only get a mortgage up to 4.5 times the value of your gross annual salary. My partner and I will…
-
Cars and mortgages.....
Morning. I have a feeling I know the answer to this one but.... My car is starting to see all sorts of problems and is making my back exceptionally painful as it provides no lumbar support and I'm having to do a high mileage currently (will reduce towards Christmas). I would like to change it for something larger, more…
-
Remortgage advice appreciated - 2 years self-employed (ltd. company)
Hi Everyone, I would really appreciate someone's advice around a remortgage application that I have begun but around which I foresee serious issues. I started my own company just about 2 years ago. It's a limited company set up and I'm the only director and employee. The first year of trading was almost non-existent - due…
-
Should I move? Advice please.
I really, really need some helpful advice. I have the option of moving to a bigger new build house, and will be PXing my current house. After the mortgage and bills, and £300/mth holidays and Xmas, £137/mth savings, and £270/mth entertainment/leisure, I will have approximately £300/mth spare, on a mortgage interest rate of…
-
Advice please to pay off 25,000 mortgage
Hello can anyone please help? We are currently coming to the end of a fixed deal and the amount owed is £25,000. Can anyone recommend the cheapest way to pay this off, ideally in about 4 years, We can afford around £600/month. I see that Clydesdale have a rate of 3% for loans up to £25,000 but I'm not sure of the pitfalls…
-
Just received mortgage offer, payments help.
Hi We received our mortgage offer today :j. I'm sorry for sound dumb but could I just ask you guys about repayments it says: One payment of £718 Then 443 until dad/mm/2019 Then 432 until dad/mm/2042 So that means one mortgage starts our first payment will be 718? I'm sure thats it but just wanted to check so I can transfer…
