Tagged Questions

4
votes
2answers
93 views

How do I arrange a private mortgage between myself and a trusted individual?

I live in the UK. Specifically, how do I draft a loan agreement that provides basic safeguards for borrower and lender (very basic safeguards, as we're talking about an intra-family loan and the level ...
1
vote
2answers
276 views

Best way to transfer a mortgage, and keep the house?

This might be easier if I quickly outline the situation. Currently, I rent out my house (I have consent to let from the Bank), I wish to purchase a new house (with my girlfriend) but because I have a ...
4
votes
1answer
97 views

Would extending my mortgage cause the terms to be re-negotiated?

I have a particularly good mortgage deal (lifetime tracker, base rate + 0.18% with a 2% collar). If I were to approach my mortgage lender and ask to extend the mortgage, to borrow more against the ...
5
votes
5answers
652 views

How can I get a mortgage I can't afford?

There is a house that we are really keen on buying. So, I went along to a mortgage advisor who did some quick checks and he came to the conclusion that the house was about £10k more than any mortgage ...
10
votes
1answer
816 views

Can I get a mortgage if I'm employed by my own company, rather than self employed?

My partner and I are looking to buy a house as soon as possible (i.e., the second we have the deposit in the next 3-4 months). My partner is currently in full time work but we want to focus on our own ...
3
votes
1answer
418 views

Mortgage implications if I were to quit my job shortly after being approved?

I'm in a situation where I'm building my business around a regular job. As it stands the max I can borrow is about £46,000 (damn UK, I earn half of that/year!), based on my current salary. I would ...
2
votes
1answer
75 views

Is it preferable to move emergency savings/retirement into offset mortgage?

I have some savings in an easy access stocks & shares ISA. I view this as long-term savings/emergency money. Is it preferable to leave the money in there or is it better to transfer that across ...
3
votes
1answer
250 views

If I default on my mortgage do I get my deposit back as a % of the sale of the property?

Say I put down 50% deposit on a house (in the UK), and the other 50% is provided through a mortgage, what happens if I default? Does the bank walk away with the property and the potential of selling ...
2
votes
1answer
129 views

How can I find a bank willing to provide a mortgage on a house affected by Japanese knotweed? (UK)

How can I find a U.K. bank that would consider providing a residential mortgage on a property affected by Japanese knotweed? The problem is fairly minor and is under control. If you've been able to ...
4
votes
2answers
134 views

Buying first house with help from parents

First of all, it might help you to know I reside in the UK. It might make a difference. We (my gf and myself) are buying our first house and my parents are willing to help us out. What has been ...
3
votes
2answers
85 views

What is APR when looking at mortgages?

When looking at mortgages they all have an APR figure "for comparison". What does APR mean, and how does it allow you to compare the products?
6
votes
2answers
174 views

Can you tell how much mortgage payments will be after the fixed term?

We're looking to buy our first house, and are considering the different options for a mortgage. We are in the UK. We're having trouble comparing the options because it seems that you can only tell ...
1
vote
2answers
860 views

Can I get a mortgage from a foreign bank?

I live in the UK is it possible to transfer a mortgage to a bank based in a different country that doesn't operate in the UK, say Germany or United states for example?
4
votes
5answers
352 views

First time buyer interested in buy-to-let, bad idea?

I'm a first time buyer, living at home, on a good salary of around £25k and with no major committments. I would like to get a mortgage and get on the ladder, but I'm quite content living at home, and ...
5
votes
1answer
179 views

Getting on the property ladder: mortage, downpayment, fees? [UK]

Once I've got my finances straight I'd like to think about getting my own place, but what sort of money am I looking at to have under my belt before I can begin thinking? Is it right that the UK ...