-
Does anyone understand the old 2003 homebuy scheme pls
Hi So in 2003 we bought our home through the then open market homebuy. We were given a 25 % deposiit from the Housing Association .We put down 10 % and had a mortgage for the remaining 65%. We were told we owned the house outright. We have the freehold . The loan is repayable upon sale or if we decide to pay it.Its…
-
remortgage whilst on maternity leave
Hi Folks, I've having a bit of a panic. We have a £200,00 fixed rate mortage with Nationwide - think our rate is about 2.9% and the 5 yr fix ends in October next year. I am the main earner and our current mortgage, although joint, was based solely on my salary. I am also pregnant - due at the end of May. We have been…
-
Mortgage Dilema
Hi, I was wondering if anyone had any thoughts on my current situation. My wife and I were in the process of selling our house. Because of this, our current mortgage went onto the saver rate and we are paying £627 a month. Unfortunately, due to a mental health issue, my wife is taking 3 months off of work to get some help…
-
Is this a mortgage solution?
This is this the situation : 128,00 left on mortgage Repaid in 15 years when i will be 75 so not repaid before I retire Eldest child a pupil barrister wirh good prospects Possible solution : Get daughter involved in paying mortgage Issues : She would be liable for it but I would pay it . Repayments obviously very low if it…
-
Is this a mortgage solution?
This is this the situation : 128,00 left on mortgage Repaid in 15 years when i will be 75 so not repaid before I retire Eldesr child a pupil barrister wirh good prospects Possible solution : Get daughter involved in paying mortgage Issues : She would be liable for it but i would pay it . Repayments obviously very low if it…
-
Porting a frm to a new property help?
Hi guys i asked my financial advisor about this but forgot to write it down,basicly il use these figures as a guide but we have 80,000 left to pay on our mortgage,if the house is valued at 110,000 and sold for this amount. we have seen a new house for 160,000 what would be the size of the mortgage required ontop of our…
-
Need help... inlaws claim on property
Hi there - I married my wife in 1996 who is from an Asian family. The relationship, marriage and child was a surprise so we had a bit of a rough time. In 2000 we went to buy our first home. With not a lot of money, getting a deposit together was tough. Then the inlaws dropped the clanger. They offered £30,000 deposit on a…
-
Advice needed: Getting DIP before making an offer
Hello, first time buyer here, slightly confused. I came across a property that I like, will be viewing it on Saturday. The agent asked whether I had an offer from a bank implying that I should know whether they'd be willing to lend me. However, nationwide told me to apply for a decision in principle only once my offer has…
-
CCJ and getting a mortgage
Looking to get a bit of advice after spending days looking over mse and other websites... needless to say I’ve been getting mixed reactions and it’s left me feeling worse than before. My partner and I are hoping to get a mortgage early next year (Feb ish) and have a 150k deposit. My worry is my credit, I have a CCJ which…
-
Floor Clause in Spanish Mortgage
Hi, sorry if this is the wrong place to post this, I wondered if anyone here has been successful in reclaiming the interest paid on a spanish mortgage because of the illegal 'floor clause' in the mortgage contract. The 'floor clause' issue is as big in Spain as when the first PPi came to light. When we took our mortgage…
-
Purchasing home to renovate
Hi all. With house prices being the way they are at the moment, plus a sheer lack of choice on the market, myself and my girlfriend are looking at alternative options to obtain our forever family home. We have come across a cottage with planning in a perfect location. It's currently 2 bed with planning to extend to become…
-
Bank statements / paypal
Will a lender ask questions if they see several PayPal transactions on my bank statement. I deposited and withdrew from paylpal several times during septembers statement. These where fairly large amounts ranging between 150-500. Thanks
-
Lent a small Loan - bank Statement problem for a Mortgage?
Hi I lent £3000 recently to a small local company and it's on my bank statement obviously. I am in the process of remortgaging and I’m just wondering if that could raise some attention of the bank and cause some trouble in the application process? Thanks
-
Buy to Let Mortgages for expats
Hi Does anyone have experience with this or some good websites to check out for more information? I contacted a few lenders but the remaining mortgage was less than their minimum borrowing amount. It's a joint mortgage and I'm going to take it on myself but I've lived abroad for almost 2 years now so this is the first time…
-
joint mortgage based on one income.
Hello, We had an offer accepted on a house based on a single mortgage with one name on the mortgage and deeds and me providing 50% of the value of the property via a loan. We were set to do a deed of trust but our solicitor has brought up the fact I will have to sign a gifted deposit letter which complicates things. My…
-
Gifted deposit letter confict with a deed of trust.
Hello, I have already posted in the house buying section but wanted to try in here with a more appropriate title. We were set to buy a house, me providing half the value in cash via a loan from my dad, my friend the other half via a mortgage with only his name on it. We were told its common and a deed of trust would be…
-
Mortgage offer for X months, can rate rise change starting rate?
Hi! If you already have a mortgage offer valid for six months (as you're in the process of buying on a given property), with a given interest rate stated for it to start on, would an interest rate rise in the base rate change it? Or is it fixed for as long as the offer is valid? Thanks!
-
Exchange old house before new?
Hi, we accepted an offer on our house back in August, at the time we were still looking at new builds. Shortly afterwards we reserved a new house, we agreed to buy using help to buy but the builder had to apply for Help to buy. This ended up taking 10 weeks, in the mean our buyers and the bottom on the chain the couple…
-
Mortgage Product Transfer with outstanding arrears?
Hi all, I'm currently on Bank of Scotland SVR of 4.74% (being one of those people who opted for a 5 yr fix whilst the rates tumbled!) I have previously had massive arrears on my mortgage and they are now down to less than 2 monthly payments (at one point they were 11.5 months). I spoke to BoS about a product transfer and…
-
FIRST TIME BUYER - loan application before mortgage?
Hi, I am a first time buyer looking to buy in the next few months. I just about have the 5% deposit needed, but don't quite have money for fees, and things for when I move, appliances etc depending on the house. I would like to (and can afford) get a small loan to help me, but will this cause probs with my mortgage…
