I am a first time buyer - the vendor is going to give me my 5% deposit as he needs to move as soon as possible to Europe. I have a mortgage agreed in principle with Northern Rock but they wont lend on blocks of flats above 5 high.

Our incomes are 30k and we have no debts or credit.

I have spoken to a few mortgage brokers but they are unable to find anybody

Quick House Sale

I have a mortgage on the flat. Is it illegal to rent the front room or what is all that about?

Sell House Quick

Our offer has been accepted on a flat but the lease has only 72 years left on it. Will the mortgage company refuse to let us the money on it? Also, how long does it take to extend the lease and can the leaseholder ask for any amount of compensation in return for another 99 years on the lease? many thanks

Quick House Sale

I really want to secure this nice apartment for $615 a month. I met the manager and she mentioned she will wait until my application is approved and she will hold the apartment for me. I told her I always pay 3 months of rent in advance and I also listed the past 2 landlords I had rented from where I did just that. So I have good references, and I get about 4800-5000 every 3 months for disbursements for school, which I provided documentation of. HOWEVER, I also have HORRIBLE credit like in the 400’s and over 10 derogatory accounts, and I do have a bit of a criminal history nothing HUGE but i did get a felony theft conviction and was put on conditional probation. So when asked on the application I left the part that asks about criminal history blank but I also stated to her that i do have a felony. And I did mark that I have established retail credit, because I have been good on my student loans. So what are the chances I will get this apartment?
And the theft was for writing NSF checks on my own account, and my credit is so bad because of several nsf checks, and one default credit card, and an auto loan in collections. But i do have about 4 good accounts.
and that 5000 is mostly grant/scholarships and a little bit of student loans

Rent Back

Contribute more to 401K, increase savings, buy a house etc? I have paid off my car loan. I have paid off all credit card debt. I have no other existing debt such as student loans or loans of any type including a mortgage. I rent an apartment. My rent is not that expensive. I am not that passionate about the idea of buying a house, although if I were told it’s the next best step to securing a steady financial future I would do so. I am a 33 year old single woman with no children. My employer does match my 401K at 9% of my income (vested after 5 years of employment). I contribute 5% currently.

Quick House Sale

Am prepared to pay 10% + over 4-5 year loan.
Great oppurtunity for investors, looking for secure investment. Located in Houston TX.

Repossession

Options:
1. Rent/sublet the entire flat. Purchase a condo (yummy) and use the rent from the HDB flat to help finance partially the condo mortgage (i will pay the deposit of course).
2. Upgrade to a bigger flat (i would love the bigger space).

Which makes more economical sense? Which is better in the long run?

Rent Back

I am intersted in purchasing some apartments. The Price is 355000 for eight units. I have a credit rating of 654. The property is multi zoned commercial and residential. The property is appraised at 455000 (according to seller). For a 15 year loan the payments would be around $3000. The rent at full ocuupancy is 6200. I only have around 10000 for a down payment. Is it possible to get a loan? maybe a SBA secured loan.

Rent Back

I run a small branch of a HUD approved lender and have a lot of brokers who want to work for me to close their fha loans, but close everything else under their own license. I trust most of these people since I used to close loans with them as a wholesale AE. I am thinking of charging a flat fee per loan and then letting them retain 90% of the total commission on the loan.

Passive Income