General Discussion: mortgage help


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Essence
Essence avatar

3108 posts since 10/1/05

4 Aug 2015 17:43
solicitor dealing with the sale - once completion has been set, the solicitor will contact the lender.
EDW
EDW avatar

2581 posts since 23/2/10

4 Aug 2015 18:06
cheers Cool
Dee
Dee avatar

11190 posts since 22/11/07

18 Dec 2015 14:41
tracker or fixed these days?
sydneyking
sydneyking avatar

4533 posts since 26/9/09

18 Dec 2015 14:43
Depends what fixed rate you can get and for how long I suppose
Dee
Dee avatar

11190 posts since 22/11/07

18 Dec 2015 15:01
looking for about 60% ltv and want to roll some debt in to that and lower the current repayments which are high, probs max 2 to 3 years before possibly selling up and cashing in on the profit or renting the place out long term.
sydneyking
sydneyking avatar

4533 posts since 26/9/09

18 Dec 2015 15:07
Tricky one, you're speculating on when the interest hike will take place and by how much. First hike will be nominal but it's how quickly they ramp it up after that initial hike. Might be worth taking a punt on a tracker if you're only taking it over 2 year or so. Again it'll depends on rates etc. Sorry I couldn't be more help
phish
phish avatar

271 posts since 5/1/10

20 Dec 2015 07:35
buy to let as a first time buyer - can it be done?

been saving for a gaff but work now looking at moving me abroad but would like to get a foothold in the market here
stoney
stoney avatar

17376 posts since 22/1/05

20 Dec 2015 08:02
I dont think most lenders allow this. Any mortgage advisor's on the forum ? If so drop me a PM.
eazypz
eazypz avatar

2992 posts since 16/4/10

20 Dec 2015 10:22
Anyone else on here recently bought a new build?
Finding it headache to get anyone to give 90% LTV on a flat, so far only found Skipton who I'll be speaking to on Monday.
Have seen HelpToBuy and again gonna find out more info on Monday.
adidaskev
adidaskev avatar

1001 posts since 30/11/11

20 Dec 2015 12:54
Looking at this Help to buy ISA the gov. introduced earlier in the year. Is there any downsides to it?

It sounds like a simple, free £3000 to me with no downside other than needing to use a conveyor to get the money.
av1
av1 avatar

31 posts since 17/11/07

20 Dec 2015 16:15
phish wrote: buy to let as a first time buyer - can it be done?

been saving for a gaff but work now looking at moving me abroad but would like to get a foothold in the market here

I'm in the same position - only lenders I found were the post office, barclay's (woolwich) and principality building society. There may be others but these were the only ones I found offering the 75% LTV that I was after.
Mookie_blaylock
Mookie_blaylock avatar

1578 posts since 19/7/06

20 Dec 2015 20:48
adidaskev wrote: Looking at this Help to buy ISA the gov. introduced earlier in the year. Is there any downsides to it?

It sounds like a simple, free £3000 to me with no downside other than needing to use a conveyor to get the money.

You can only save up to £12k in the ISA and can only pay in £200 per month.
Initial deposit is max £1200 which means to be able to get the full £3000 government contribution you need to save for approx 54 months (5.5 years) Eek Laughing out loud
swede
swede avatar

7942 posts since 21/3/09

20 Dec 2015 21:30
..still, halifax one is 4% interest too
mAK
mAK avatar

477 posts since 28/4/13

20 Dec 2015 23:22
Just opened a Halifax one the other day, free money innit
DuffMan
DuffMan avatar

14272 posts since 21/2/07

20 Dec 2015 23:26
You only get the bonus on properties up to £250k or £450k in London, which is pretty restrictive in London (e.g. it'll buy you a shoebox), though I guess not so much in other areas.
adidaskev
adidaskev avatar

1001 posts since 30/11/11

21 Dec 2015 00:03
Mookie_blaylock wrote:
adidaskev wrote: Looking at this Help to buy ISA the gov. introduced earlier in the year. Is there any downsides to it?

It sounds like a simple, free £3000 to me with no downside other than needing to use a conveyor to get the money.

You can only save up to £12k in the ISA and can only pay in £200 per month.
Initial deposit is max £1200 which means to be able to get the full £3000 government contribution you need to save for approx 54 months (5.5 years) Eek Laughing out loud

Cheers - i thought i could pay the deposit amount and then lump in the rest of the cash to get the 3K. Bit shit, then.

Will need to look into the Halifax one.
illwill
illwill avatar

3596 posts since 17/5/04

posted 29 Dec 2015 09:09, edited 29 Dec 2015 09:09
Bird wants to take a new job that's well paid but the employer has some dodge where she's permanently employed but as a locum.

I guess this will put the brakes on us getting a mortgage. Anyone have experience of borrowing while self employed? Is it a massive arse ache?
Brian Damage
Brian Damage avatar

7991 posts since 21/10/03

posted 29 Dec 2015 20:06, edited 29 Dec 2015 20:06
I work as a locum and took out a fixed rate with nationwide in April as ftb, who I also bank with. Their customer service is always very good, and the whole thing went smoothly and very quickly.
sydneyking
sydneyking avatar

4533 posts since 26/9/09

29 Dec 2015 20:38
My mortgage is with nationwide, had absolute mare with them. Ended up contacting the CEO, got the whole thing sorted in about 2-3 days after that and got all the fees refunded
stoney
stoney avatar

17376 posts since 22/1/05

6 Jan 2016 19:23
Stamp duty is due 30 (ish) days after completion. Apparently there is an online portal to pay it. Can you pay it on 1 or more credit cards ? The rules are a bit ambiguous.