 My husband wants to foreclose our home. ? |
| We have paid 40000 off from the mortgage and 10000 for renovation. The mortgage alone is 338,000. And right now with the market being so bad he wants to foreclose. To him he would rather rent a 2 ... |
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 How much do I need to make to get a $200,000 loan? |
| Just as a general ballpark figure, I have decent credit and a pretty good salary. How much should I be making to by a $200 - $250 home?... |
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 Do I, the buyer, need to be present at a total home inspection? |
| We set up a time for the Inspections, but now we won't be able to make it. Our real estate agent is still planning on attending if we are not able to reschedule it. It's all still up in ... |
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 WE PAY ARE RENT ON TIME AND THEY LOST ARE CHECK THEY GOING EVICTION US? |
| we pay are rent on time every month are check is lost we told the landlord he give us to Friday we have two kids can evictions us even know we try to come up with rent we have small child one is ... |
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 When I sell my estate do I have to disclose the body in the back yard to potential buyers? |
| I didn't put it there. But it has been a problem. Digging it and moving it. Digging it up and moving it again. It has also caused a problem with my neighbor. Long story but, bottom line, he has ... |
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 Should we leave furniture etc in our house we are about to sell, or can we move it all out to our new place? |
| We have almost completed building a new house and will be ready to move in soon. We have not sold our current home yet as we decided to do this once the new house was completed. We are unsure how ... |
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 What happens if I leave my house, post the keys back to the mortgage provider and stop making payments? |
| Can they seize any savings I have? What if I disappeared overseas and kept my savings in a Channel Islands bank account?... |
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 Can a tennant be evicted for bringing in 2 new pets that are not approved by the landloard.? |
| When tennant moved in the landloard approved those 2 dogs to live on the property. Since that time one dog has died and now the tennants have brought in 2 new dogs without the landloards knowledge or ... |
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 Should i get my deposit back? |
recently moved out of rented accomodation and have been to lettings agent to ask about deposit being returned, said there was a problem with candle grease on the floor.
spoke to landlord who ... |
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| Can or does a 16 year old get a mortgage for a buying a house? |
| I dont know much about mortgages but i actually dont have my own house, my mom is moving out of England next month and she also doesnt have a house here. Getting a council house can take years and i ... |
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 How do you fight an eviction? |
| My landlord wants to move me out to move in illegals. I have a year lease and have done nothing wrong. What can I do? He even offered to pay me 600.00 to move out asap. Is this right?... |
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 What are the most important cosmetic features to you in buying a home (not brand new).? |
Tell me if you notice things like:
carpet
window treatments
fixtures and faucets
lighting, fans etc.
paint
landscaping....and how important these are in making the home ... |
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 Is now a good time to buy a house or condo???? |
| I dont really understand housing market, but is this correct? --if house are depreciating wouldnt now be a good time to buy a house cuz (sooner or later) the houses will appreciate, and proabably ... |
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Fabio | Maximum mortgage? |
Daer all
My gross annual salry is 30,000 GBP and I am planing to apply for mortgage, I can put 10% deposit as well and I dont have any loan or credit card commitment with me. But the maximum some banks ar ewilling to offer me for mortgaeg is 135,000 with that I cannot buy even a studio in Lonodn. Although Halifax give 5 time of salry but not in my case as they say that I dont have any credit history because I never took a loan so my credit history is not built . I want to have at least 5 times of my salry if someone know which bank or housing society can give e 5 times with reasonable interest rate. I talked to some mortgage brokers but the intereet rates they offer are very high. |
 |
 
Jack
|
This may sound cruel, but it isn't. These institutions are doing you a favour by not lending you the money. On your salary, repaying a loan of 150k will kill you. It will consume your salary, and leave you with practically nothing on which to live.
I'd strongly urge you to think about somewhere other than London. Millions of people have bought further out in the Home Counties, and commute daily. Yes, it's a grind; but you might be able to afford something out there. And as property values grow (as more people follow your lead) the value of your property will increase, allowing you to sell your property for a substantial profit that you can invest in another property in London.
I have friends who did just that. They purchased a "fixer-upper" in Peterborough for 75k. They made the necessary repairs -- lived in the house for four years, and then sold it for 165k. Imagine what a nice down-payment THAT pile made?
I think you should investigate something similar. |
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Chianti Man
|
Speak to a Mortgage Advisor, you can do a self -certified. |
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dWali
 |
and what is your question? |
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zifi1957
|
As an ex financial consultant I would strongly recommend you listen to Jack's advice - it's very sound and exactly the advice I would give to you too. However there may be one other way around the situation and that is the buy/rent scenario that is becoming extremely popular now and one certainly that many banks/building societies are willing to lend on - but you need to approach sellers or housing associations (more often it's the housing associations) with this suggestion....... what it will do for you is give you a foot on the property ladder, by starting the buying in process on a property .... you effectively part buy and part rent a property ... after a period of time (anything between 3 and five years) you then have the option, if you can affort it to either sell the property on and make your money (and hopefully some profit) back or to take a full mortgage out on the property .... many of these types of buys offer a more affordable way of buying a property but they do tie you in for a period of time - which if you look at it practically is at least as long as you would stay in a property before you sold it on anyway.....
Hope this was helpful, I wish you well, it's hard for 'new' people like you to get on the property ladder these days..... |
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tacho
|
some mortgage company's will lend what ever you want its paying it back that's the problem |
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Julie
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Try talking to your bank to see what types of loans they offer. They may have loans for your household, but without any extra information that would be hard to guess. Ask various banks about thier community development loans if they have any and what income requirements they have.
As far as your credit history, ask your power, gas, phone and any other creditor for a payment history. If you had not been late on any of those it is possible that information could be used.
Not sure what is there in London, but hopefully this information will be helpful. (Good Luck) |
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Luckys Charm
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What can you afford alnog with taxes, insurance water, gas, electricity. All these things are factored in. You can get what you call a stated income loan. I make around the same as you and i just got approved for 379000.00 with no money down. The thich is your creditscore hase to be at least 620 and thats the middle score. |
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MARTIN D
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Apply online at www.surefirefinance.co.uk they will get back to you and you can work with them to get the mortgage you want. |
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krakenchops
 |
Halifax do a 90% self certification mortgage. That way you don;t have to tell them or prove how much you earn, just that you can afford the repayments.
They don;t advertise this type of mortgage though. speak to an independant financial adviser and get them to refer you. The IFA will be free so nothing to lose!!!! |
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dizzymooo
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If a broker can not find you what you are looking for you will not be able to get it. You will be able to get more money if you go on a self cert basis but the rate will be higher try and discuss that with a broker. good luck |
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nemesis
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You could also try Northern Rock, as they lend high multiples. Also, Natwest Bank and Royal Bank of Scotland. If you look at the Natwest site, they don't give a good calculation. However, the broker accesses a different site and they can give a high multiple. |
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Annie M
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You will need to save some more, the more you put down the bigger mortgage you will get. |
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