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Buying with partner - debt/deposit question!
Hi all My partner and I are going through the process of buying a new build which won't be ready until Nov/Dec but I need some advice... My situation: I have no debt as recently cleared this all off, this also means I currently have no deposit. By the time the house is ready, I will have saved up a heathly amount but not…
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Shared Ownership or wait
Basically I am having issues sorting out a high enough mortgage due to my loan repayments monthly. I earn a reasonable amount over £42k, I have good credit, and I have a reasonable high deposit of over £25k. But with my monthly repayments I have been advised to either pay off the loan which will take 2 years or look at…
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Meeting with Barclays should I be worried?
Morning/Afternoon/Evening all, First time buyer here who has a meeting with Barclay's tomorrow as we were going to take a mortgage out with them. However, should we be worried about today's (20th June '17) news splashed across the BBC? (sorry, can't add links yet as not posted enough) I'm going to assume since they are all…
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Would you walk away.
Yesterday we had a viewing on a house, practically wise it ticks all the boxes that we need, but the advertised modernisation is actually structural renovation in the form of a roof and chimney that are not water tight and has blown the plaster in some of the upstairs rooms. We are requiring a mortgage but this is part of…
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Let to Buy Mortgage wanted
Am looking for a Let to Buy Mortgage where I release 75% of my current home to purchase a new home to live in - so I need 2 mortgages from the same lender. I've had advice from Which and can afford it but want to find and arrange the mortgages myself rather than pay £200-300 for a broker/company to do it. Any pointers? Is…
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Advice for a FTB
Hi could anyone tell me what is the best approach to find out what size mortgage I could get ? Should I approach the banks I hold accounts with or should I approach the bank where my wages are paid into and speak to a broker ? Thanks
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Medium credit mortgages
So we're moving home. My husband had excellent credit and current mortgage is in his sole name. New mortgage will be in joint names. We both now have "fair" credit on experian and "good" on equifax. There are no negative reasons that anyone can see for this except both have had more than 3 credit applications (all…
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Mortgage on property owned outright by someone else
Hi, I am looking at getting a mortgage with my girlfriend for 50% of a property currently owned outright by my girlfriends parents, (second home). What is the best method for this, and what makes most financial sense? Thanks.
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Mortgage
I have a flat and the mortagage is £65k. Recently married and we have seen a house we want to buy for £120k. Ideally we want to keep the flat and buy the house and have one mortgage in both of our names. Could we remortgage or would we need to apply for a new mortgage and have another deposit? Also partner has two ccjs…
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Right to acquire problems with HSBC
Hi I have just recently applied for a mortgage with HSBC and was all going well. It was accepted and the valuers were sent out and there were no problems. We have a 15% deposit but now they have just said out of the blue that we need to have a 25% deposit as it's a right to acquire bearing in mind it has been accepted at…
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At the end of a BtL mortgage deal, does one have special retention offers?
...or are we back to square one and choosing from the same options we did originally? If I will have to slap a new £2000 arrangement fee onto my mortgage every 24 months then that does rather go in the wrong direction, and makes high-rate (3%ish) 5yr fixes very close to break-even with a much cheaper 2yr) So I'm wondering…
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Struggling to pay mortgage payments - just settled IVA - not sure what to do
Hello, Had a mortgage since 2010, no issues with making payments till now. I pay for all on my own, had to enter into IVA in 2014, took voluntary redundancy (i was likely to lose my job anyway due to cuts in our team and across the board so it was a case of taking money while it was still there). When I was looking into,…
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Can Additional Borrowing be Recalled From Bank Account?
Good Evening, long time lurker, first time poster. To keep things quite simple, I need some advice on an additional borrowing situation where I find myself torn on what to do. I recently applied for additional borrowing for an extension from my current mortgage provider. All credit and affordability checks went through no…
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Overpay or wait and pay cash?
I'm wondering if it makes sense to buy somewhere and overpay the mortgage or stay renting and save up to buy a place outright? I've tried the overpayment calculator and confused myself! Also isn't there often a limit to how much you can overpay? Current rent is £1150 a month where as a mortgage would be around £1900. I'm…
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Proof of deposit funds
Hi I am currently going through getting a AIP but my broker has asked me for proof of deposit. I can prove this via statement but I made 2 large cash deposits into my bank account then transferd to my savings account using banks self serve machine. I will this week also deposit some more money into the savings account.…
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Switching partners on mortgage?
Hi Is this an actual possible thing? I own a property with my sister and we would like to do the following: 1) Buy my sister out by releasing equity in the property and giving her the cash 2) Add my partner to the mortgage, thus taking a new mortgage (or updating the existing mortgage) with the added money we would borrow…
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remortgage but no party wall in loft
Hi I'm remortgaging but the surveyor said the lack of a party wall in the loft may hinder it. It's a semi detached house converted into flats. Has anybody had a mortgage refused on this? thanks
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Turn into buy to let and release equity
Hello I hope someone can help me with this one. My sister and I bought a house together on a five year fixed mortgage, with this due to end in April 2018. As anticipated at the outset, we're now at the stage where we'd like to go our separate ways. She would like to use her share of the equity as a deposit on her own…
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Rent to buy parent in laws home?
Hello experts! I'm looking for some advice for some friends of mine. I have some friends, a couple (with 3 young children); I'll call them Bill & Jill. Jill's parents are planning to retire abroad so they have given her their home for Bill and Jill and their kids to rent from them, they've moved in with Jill's grandparents…
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could my family help us buy a property
We have the deposit but because our pension is low we would not be offered a large enough mortgage. We can get 50% of what we need. We thought perhaps our children who are willing could obtain the balance of the mortgage. And we would be joint owners. We would be responsible for the repayments. What would make it easier is…
