2
votes
1answer
128 views

Can a bank ask for a quicker repay of a part of a mortgage?

In the UK, could a bank ask you to repay quicker a part of a mortgage (or a loan guaranteed with a property) because your risk profiles increases due to the value of property going below the ...
5
votes
2answers
532 views

Difference between a mortgage and buy-to-let in UK

In terms of rights, whats the difference between getting a regular mortgage and a buy-to-let mortgage for a property in the UK? For example, if I wanted to invest in a property, and got a regular ...
2
votes
5answers
201 views

As a contractor, should I overpay my mortgage or contribute to a pension?

My specific situation is:- Early 30s Software contractor via a ltd company Resident in Scotland Higher-rate taxpayer Mortgage at ~5% (variable 4.5% above BoE), LTV about 75%. I'm allowed to overpay ...
1
vote
1answer
162 views

How to use credit card (Barclaycard UK) merely to build the credit history? [duplicate]

My aim is to buy house in three years time So I started searching for the ways I can get mortgage for the house. I found out that I need good credit score to get mortgage along with other things such ...
3
votes
2answers
196 views

Deposit to help out my Sister to buy her first flat with fiance

I will be made redundant by the end of the year, getting £9,000. I would like to invest this to help out my sister to buy her first property. She and her fiancé have £20,000 of their own deposit and ...
1
vote
1answer
77 views

Renting with the Help to Buy: mortgage guarantee scheme

With the Help to Buy: mortgage guarantee scheme, I have heard that you cannot rent out the property under the scheme. Is this true? Also I have heard that it is possible that if you get a mortgage ...
1
vote
1answer
135 views

Using a house for collateral

We are looking for a buy to let mortgage but only have 15/20% deposit and as first time buyers most lenders are looking for 75% LTV so one financial advisor recommended using another property (Parent) ...
4
votes
2answers
158 views

How to calculate the equity owned in a jointly owned mortgaged property?

I jointly own a property with two of my sisters. When we purchased the property I put a £10,000 deposit down and was the sole contributor to this. All three of us are currently paying one third of ...
1
vote
2answers
537 views

Buy To Let Mortgage For Relative - Tax Implications - UK

My sister is just coming out the other end of a messy and protracted divorce. She has 3 children and despite many legal actions there's pretty much no hope of getting any support from the ex-husband. ...
1
vote
1answer
45 views

Possible outcomes of needing a Tree Report before Mortage? [UK]

Whilst applying for a mortgage on a house I've needed to get an arboricultural report due to the valuer requesting it due to some trees on the property. The report came back advising that a tree be ...
3
votes
2answers
109 views

Adding a sale condition to a new mortgage [closed]

I live in the UK and am currently looking to buy a house with my partner. The property will be about £230k towards which I will be supplying a £100k deposit and my partner zero deposit. For this ...
5
votes
1answer
128 views

Loan from Canada to UK

I live in Canada. My brother in the U.K. is thinking of purchasing a house with his wife. They are both teachers and careful with their money but don't yet have money for a down-payment. I am ...
4
votes
2answers
976 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
2k 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 ...
5
votes
1answer
170 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
708 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
2k 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
694 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
93 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
657 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
164 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 ...
5
votes
2answers
182 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
96 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
3answers
256 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
2k 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
527 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
237 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 ...