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Mortgage offer - how long isnis available?
Hi I’ve been told by Santander I’ve passed the affordability test for additional borrowing on my mortgage for home improvement. However I’d like to secure a deal before fixed rates disappear and yet I can’t yet until I’ve been given planning and building regs permission which could take up to six months. Does anyone know…
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Purchase and Remortgage
Hi , Rather a long query but would help if someone can advise what should we do Story so far - We applied for two mortgages for converting our current house into buy to let and release some equity to buy our main house. - Current house - Remortgage to Buy to Let with equity release. - Main house - Standard home purchase…
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Paying lump sum & ETC?
Hi, Wonder if anyone can help with my question, please. I have 10 years left on my mortgage currently at £72000 but have ETC until 2020 of £3,500. I have a £30,000 lump sum I would like to pay off the mortgage as we are looking to pay off as quickly as possible but I'm not sure whether I should pay now or wait and see if I…
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Self employment and rental income
Hi. Please help. I own a house with my brother with no mortgage. We are looking to remortgage this house for my brother to buy another house to live in, but am not sure how much we could borrow. The house is worth about £430,000. I am employed and have rental income (a different house which I own myself). My brother was…
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Separating from partner, what do with mortgage
Hi. I am in the middle of a separation from my partner and have no idea what to about our house. We have 2 children who will be living with me, I am currently still living in the house. We have quite a big mortgage, I only work part time so the bank would say I don't earn enough to put the house/mortgage solely in my name.…
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New build mortgage
We are hoping to buy a new build with a 5% deposit and 25% help to buy loan. The plot will be available to reserve in 8 weeks for £500. My question is when would we need to pay our deposit? The completion of the build is expected to be October.
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Confused, second property, options??
Hi I have searched about and can't actually find an answer! A friend is 60 years old and is taking 25% tax free cash lump sum and a pension - but continuing working. They own their main home outright, worth about £450k and want to buy a second home at the seaside at a price of £450k. They are aware of the Stamp Duty hit…
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Applying for mortgage, partner has adverse credit
Hi, Me and my partner are currently looking to buy a property together. I currently own a shared ownership property which I have approximately £43K equity in. This is a basic breakdown of my financial situation; * Income £45,000 * Excellent credit history (999 Experian) * No outstanding debts * £10k in savings (hoping to…
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First time buyer - HELP!!!
Hello, I am currently renting spending £700 a month and really want to get a mortgage. Its me and my wife, we only have a 5% deposit and we are looking at a flat. THE DILEMMA. My wife has 2 defaults, one will be 6 years old in 2020 and other is only 2 years old, so wont be disappearing for a while. I was in a debt…
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Help to Buy Loan
I have just reserved a brand new house via the help to buy scheme, i am just wondering if i understand it correctly. The government loan is for 20k with myself providing a 5 k deposit. I understand i need to start paying this back in year 6, is this via a monthly repayment or in one go? Thanks.
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Mortgage with a party named on another mortgage
Hello Me and my long term partner are wanting to get a mortgage. We have the deposit, the problem we face is my partner is named on another mortgage. He doesn't financially contribute towards the mortgage, his ex wife does everything but he had to remain on it because she can't take over the mortgage on her own. Because…
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Can I have two mortgages?
Hello there, I'm a first buyer house. I don't own any house yet. What I would like to do is to buy one house where I'm gonna to live and second house buy for renting (buy to let). My question is if it possible to buy two houses in the same time? I have found perfect two houses which I want to buy, but I have read that in…
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HTB Equity Loan - 4.5x Cap for Lending?
I have seen an article which says HTB Equity Loan is not available where the mortgage requirement is over 4.5x salary. I can't seem to substantiate that on the HTB South East Website. Does it still apply, given that lenders are increasingly offering 40 year terms? For example my Nationwide indicative quote over 40 years is…
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View First Direct Mortgage in App!
Did you know you can view your first direct mortgage in the FD app without having to have a current account? This has changed since September when we first got our FD mortgage and I was annoyed that I couldn't view my mortgage online. The online help desk told me that I needed to open a current account, but when I phoned…
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Self employed mortgage advice
Hello - I want some additional borrowing on my mortgage - my bank say now they only look at Net Profit before Tax values, not the Gross value. Naturally the Net has all the dis-allowables not taken into account, so is significantly lower. My question is is this standard behaviour for all banks? To me, it seems like another…
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mistake on mortgage offer
Hi, I hope someone can help me out. We received our mortgage offer with Nationwide on Thursday and started looking over it to find that they put the wrong number on the house we are looking to purchase. I contacted our mortgage advisor immediately and he said that he would sort it out for us, but I'm just wondering if…
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Any lenders go above the 4.5 times salary cap?
So, looking to move to a bigger property. We have found a place and made an offer of £295K, which has been accepted. Our current house is now on the market for £260K and the estate agent says we will get at least £255K for it. We have a settlement figure of £148K on current mortgage. So that leaves us with £106K of equity…
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Email sensitive documents - security
Hi all, I’m new on these forums. My partner and I are in the process of apply for our first mortgage via a certain well known broker. As expected, I’m being asked by several parties for sensitive documents - bank statements, account details, passport, drivers license etc etc. Now the universal advice, repeated everywhere…
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FTB Single Applicant?
Evening - looking for some advice, We do have a broker - but kind of pulling hair out bit as it seems like our broker has exhausted all options for us now... Background info - My credit history is very good and no issues Partners history has 2 defaults that are settled, recent bounced direct debits & missed payments :( We…
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Current "Best 5 Year Fixed Deals"
Looking to remortgage in the next few weeks. Any recommendations for a 5 year fixed deal. Currently owe £99,000. Property value - £265,000 Owe - £56,000 Capital and Interest, £43,000 Interest only. Current mortgage company offering: 2.44% - £955 fee 2.97% - £0 fee Looking for advice please. Thanks :beer:
