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Parent's dream move
Hello My in laws are in their mid 70's. They realise they need to move closer to one of their daughters and they spotted a house they love near us. They thought all was going well when they put theirs on the market (offers over £185000) and had an offer within 48 hours. They have put an offer in in the house near us they…
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Mortgage and New Job at same time
I am 22 (too young?) and have been approved for a 15 year mortgage on a property that I like. I am due to start a new job in August and would purchase the house in the next couple of months all going smoothly! Do people think this is "too much new at the same time"? A mortgage is a big commitment and if I don't like the…
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Is it possible to get a lifetime mortgage on a second home if over 55
Hi My Husband and myself are both over 55 and have finished paying off the mortgage on our house. Now the kids are older we want to downsize but I'm wondering if we might rent out our house and, as a completely separate entity so to speak, buy a new second property to live in but pay for it with a deposit (from our…
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Impatient and frustrated. Should we try?
Is it worth trying? Long story short. Seen the perfect house at 185k. Joint salary is currently £40-46k (partner gets dividends, so currently judging it on 40k although actual income is more like £46k) We have 10% deposit which could be topped up by family inheritance but not relying on it. Santander/Barclays and some…
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Valuation done 15/5 still no news
I was under the impression that valuation reports tend to be reviewed within 48 hrs of receipt. Mine was done on 15/5 and I had a text saying it was received but I've not heard anything yet. Nationwide did ask me for proof of gifted deposit in the meantime but I still thought I'd have heard about the valuation by now. I…
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Self employed / Ltd Company / Bankruptcy
I need to see a mortgage broker really, but I'm hoping for some information beforehand to see if I need to wait longer. So, myself and my partner are looking for a mortgage. Me: Self employed for 7 yrs, the business went Ltd in November 2016... in hindsight a bad move mortgage wise, but there we are. Income: £7,500,…
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Advice - Partners bad credit
Good morning, hoping somebody can shed a bit of light for me. I will give you some rough figures so you understand the full situation... I currently own my own house through mortgage with santander. I've sold my house at 166K with an outstanding mortgage of 67K. I'm currently in a fixed mortgage rate so my original…
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HTB Mortgage Application - Pay Rise/Variable Bonus
Hi, Myself and my partner are currently looking into buying our first home using the Help to Buy Scheme. We have found the right property (due for release in September), have the required 5% deposit ready. My partner is on an 8 hour 'Casual' contract (zero-hour), but will have been employed there for 12 months by the time…
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Advice
We are looking to move house next year. We are hoping to make £20-£25k on our house but was hoping to try and save some money also. The price of house we would probably be looking at would be a max of £150k with a 10% deposit. We are working to clear all our debt before we apply and are aware that the mortgage companies…
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HALIFAX over payment charge
Hello I have a mortgage with Halifax which allows me to pay a 10% over-payment every year but last year i missed out on the over-payment because i thought it was on the anniversary of the mortgage (1st Feb) but it is Jan 1st. so anyway i paid the 10% at the start of the year and my mortgage is down to £30,000 but i have…
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Interest only mortgage at end of term
Hi , Am on an interest only mortgage . No option to pay off the capital . Has come to end of its term . Have seen a independent financial adviser who advised the only option I qualified for was a lifetime equity release mortgage with Legal and General . Are there any other options I could consider as the interest is…
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More FTB questions
Could anyone help with trying to work out monthly costs for a 2 bed end of terrace house? Are there any good websites that can help with this? Thank you :)
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Recommended 'Adverse' Brokers - for complicated cases
Hi ALL Can anyone recommend a broker to help with our case and advise on a way forward. Without going into much detail its not straightforward but involves: - historic loan arrears - not perfect credit history -Not being UK/EU Citizen - etc Any Brokers... or those who have had great brokers dealing witn their cases are…
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Applying for a mortgage and relocating
Looking for some advice please. We currently live in London where we both work. If we have an offer in principle for where we live. But then decide we want to move 100 miles up the country how does that work ? Because we will need to change jobs. But obviously the chance of landing a job and finding a house at the same…
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Credit card limits & Mortgage
Hi We're looking to get a mortgage in about 10 years, once we've saved a deposit and I'm back working full time to increase our income (currently a stay-at-home mum with 7yo and 3yo). We're currently on track to pay off our remaining debt by November this year (and will then start saving for a deposit), and I just got a…
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Mortgage offer special conditions
Hi I have just received my mortgage offer off nationwide and they have applied special conditions that I clear credit cards on or before completion which I have no chance of doing. I can repay a couple of them but not all of them
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House move
As i am coming up to a house move and looking in a certain price range to get the best i can, ie up to 200k, i should have around about 85% of that in my pocket. I may want to make some changes, as we all do to make the house from somebody elses taste to our taste, ie change a bathroom suite, or fit a "used" aga for…
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FTB - Will this work?
Hi All, I am hoping to buy a new build using Help To Buy (London). As it stands, the property I am looking at is around £363,000. I have a deposit between £20-25k. The question I have is that my new job starts in March 2018 and the salary changes in both the first (£43k), second (£49k) and third year (£80k). The new build…
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Help - mortgage offer declined
Just looking for some reassurance really... we are first time buyers who have a 10% deposit. We got a DIP from Halifax and a couple of months later have had an offer accepted on a house that is way under the amount that Halifax were willing to lend us (by 70k or so). Met with our mortgage advisor a few days ago and decided…
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Help - no mortgage approval without work on house
Hi all Getting to the end of my tether with our mortgage lender. They have taken nearly 7 weeks to come to the conclusion that the house we are buying needs work doing on it BEFORE they will approve the mortgage. Cavity wall ties need replacing but we can't buy until this is done. I have never heard of this happening…
