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Best place for shared ownership mortgages
Having difficulty on obtaining a shared ownership mortgage. I am on a low income (£17,000 PA) Where is the best place to go to get a decent mortgage amount? around £75,000 Thanks
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Estimated Fees For FTB
Hi All, I am planning to buy my first house. Kindly can someone help me out to breakdown/estimate all the fees which i might encounter during the process. Just to to be more precise i am planning to buy house which might cost around 350000.
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Affordability taking into account a short period of reduced hours
Hi Mortgage forum goers, My partner is planning to go through a temporary period of reduced working hours as she has a technical masters type thing she is doing which she needs to complete in the next three months. She has agreed to go down to a 4 day working week on a 3 month temporary basis (and I have made sure she gets…
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Mortgage Lender needs PRC certificate
Hello all, I bought my house two years ago, at which time I obtained a mortgage from Barclays Bank. The house is Cornish Type construction which was repaired by the Council in the 1990s I believe. At that time the owners were council tenants and were not provided with the PRC certificate that certified that the repairs had…
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Mortgage app and finance advice needed
Myself and my wife are looking at purchasing our first home togeather. We currently rent for £700 a month. I earn 44k and my wife is going to be starting her new teaching job in sep. We are looking at properties around 200k - 220k. We currently have a abou 8 percent deposit saved up. My wife wants us to carry on renting…
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Mortgage Application Woes
Hi All New forum member looking for a bit of advice or possibly just somewhere to vent my frustration :) We've recently found a house that we love and have had our offer accepted, going through a broker we applied for a mortgage only for it to be down valued because it was near to a school (go figure :( ) Broker found…
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Why don't people get longer mortgages?
Just a general curiosity, Why don't people take out longer mortgages, say 30 years over 25 and just make over payments to match the same amount. Most people change mortgage providers when the fix expires don't they so it's not permanent. Main benefit is you have wiggle room if anything ever went south employment wise and…
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Steps to remortgage
Hi all Whats steps do i need to do to remortgage. My position im at as follows 5 year fixed ends august 2019 interest rate currently on 3.59% at the end of this duration, £27,500 still to pay off. with so much comparison sites and deals around,what steps should i take to get the best possible deal on another 5 year fixed.…
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Advice please
Hi Everyone, I am looking for some advice if possible. My OH and myself are thinking of looking to purchase our first home. we are due to move for my new job later in the year. to save private rent we thought we would look into buying. We have 5K saved for a deposit. Can anyone point me in a direction to go? the internet…
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How much of the capital is paid in the 1st couple of years of a mortgage?
Hi, I was just wondering if an adverse mortgage was charged at a 5% APR on a 200k Mortgage; what percentage of capital would be paid off in the first year, based on the fact I would have paid £14,028? Thanks,
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Do we have a chance?
Hi all Have just come for a bit of advice really. I wish to apply for a mortgage with my husband at the end of next month. I know i will need to see a broker and no-one can give me a definitive answer on here but wanted to know if anyone can give an indication of whether they think we have a decent chance. I am employed on…
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Middle name missing from mortgage application
After a very long, drawn out process, we have finally received a provisional mortgage offer, subject to valuation on the property. I have just checked the paperwork and noticed that my second middle name (I have two) has not been included. Quite odd, as the adviser specifically asked me this question during our last…
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Nationwide switch and borrow more
we originally bought our house almost 2 years ago with 90 ltv on a 2 year fixed rate, so we are due to switch soon, on checking online with nationwide they have our house price increased quite a bit and the ltv is currently 76.71% giving us better rates. We are thinking of a new kitchen and wondered if we could add some…
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Advise needed remortgaging poor credit score
Hello and thanks for taking time to read my post , basically I would like to move house but our credit score is poor , Score around 220 for both of use , have debt management plan for last couple years step change, around 7 thousand to pay. Mortgage has about 70000 left on it , but have secured loan for 57000 remaining too…
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1st time buyer with 17 year old
Hi all, I did a telephone affordability with Natwest to see if I could have a mortgage. There is a bit of a catch 22 though. Child tax credit and child benefit are accepted _but_ they would not be considered with a 17 year old son for obvious reasons that he will not remain 17 for long. Fair enough. But here is the catch…
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Affordable Housing Queries
Hi guys, I've been clicking around on here and haven't found an answer so I'm hoping one of you may be able to help. My partner and I are looking at purchasing an 'affordable Housing' new build house in our town. The scheme we're interested in is the 'discounted sale price' scheme. According to our local district council…
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Clear Advice on Options for mortgage
Hello Two friends want to buy a house together but one does not need a mortgage and will supply all of the deposit required. What are the options for the mortgage application? The friend supplying the deposit does not want to be named on the mortgage if possible.....
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Santander FTB - what next?
Hi I'm hoping someone can help me understand the mortgage process as a FTB i'm feeling a little lost. Applied for DIP via broker on 2nd April , which was accepted and full application made that day also. Additional info (extra bank statement) provided on 5th with an email saying valuation instructed by santander. Broker…
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Can we take out a mortgage on cared for parents house?
My partner and I currently live in her mother's house. My partners mother has dementia and is in a care home, my partner has lasting power of attorney, and the will states all assets will be shared between her and her sibling. A retaining wall has collapsed and the cost of repair is in the region of £30,000. Are we able to…
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Applying for Residential Mortgage and BTL Mortgages at the same time
Hi, Looking for some advice as I am concerned that the mortgage lender may refuse to release funds after exchange of contracts on my house purchase! Background:I have a residential home and another investment property. Both are mortgage free properties at the moment. I am looking to buy a new, larger residential home…
