-
Mortgage for commercial to residential change of use
Hello everyone, I'm currently considering buying a property to renovate and have found an interesting looking building within my budget. Unfortunately, it's a commercial property - meaning I will need planning permission to change its use to a residential property. This is not a huge problem, and I'm confident that I can…
-
tracker
hello people anyone any ideas if a tracker is any good got 2 defaults on my credit score.but i ave inquired about a morgage for £55,000 with a broker and he can get me one with a company called platform.for £320 a month dont know or how long just enquired.is a tracker good or bad.o buy the way will not have to pay a fee to…
-
Does overdraft affect mortgage application/credit rating?
Apologies if I am on the wrong forum but I was hoping somebody may be in a position to assist. I have an agreed overdraft of £1200 with Barclays and pretty much use £1000 of it on a monthly basis. I have had no defaults on it. Will this overdraft have an advers effect on a future mortgage application/my credit rating? Many…
-
I want my wife on the deeds!
I'm currently a long way through the moving process. However, just before exchange, it's come to light that with the mortgage only in my name, my wife will not be on the property deeds. So, what are my options? 1) Go back to HSBC and ask them to amend mortgage into both of our names (i'm guessing this could take a while…
-
Halifax Backlog ???
Hi, Does anybody know if Halifax has a back log with mortgage applications. I applied 3 weeks ago but still not heard anything. anyone in the process of applying or applied to Halifax know of a time scale.. or anybody thats had a response with details of how long it took Thanks Z
-
MSE News Discussion: Should you equity release?
This is the discussion thread for the following MSE News Story: "[FONT="]Many older people find themselves asset rich and cash poor - they’ve low incomes but valuable homes[/FONT]..." Read the full story: Should you equity release?
-
Very odd mortgage monthly repayment from fixed to variable rate. Please help!!
Hi I'm not exactly great with the maths but basically my parents have been on a fix rate at 6.640% which ends in 30 June 2010. Their payment was £1081.95 per month. The lender has written to them saying they will be moved on to the standard variable rate at 3.50% and their mortgage payment will be £966.16. I may be…
-
A&L Remortgage
Hi there, Currently looking to remortgage with the A&L and have been offered a few decent fixed rate deals, my concern is though the follow on rate after the initial term. The follow on rate is going to be BOE rate + 3.74%. This seems quite high especially as when the initial rate ends the BOE rate could be easily…
-
Paperwork needed?
Basically we've been given a mortgage in principle and have now found a house and the offer has been accepted on the house so we're off to the bank on sat to start the process really moving but i want to make sure I've got everything i need as i don't live nearby so cant pop back to pick stuff up. Got all my wage slips and…
-
dispute dissolving joint mortgage where only one income.
i bought a property several years ago and put my partner on the mortgage as a way of showing trust and commitment to her. a year ago she left and has had no contact until recently. She now wants half of the house we shared that i still continue to pay for and live in. We were never married and she never paid any money into…
-
Partner still on a mortgage with his ex
Hi My partner and I have been to gether for a year and a half (although we've known each other for a lot longer) and live together in my house but we'd like to buy a house together. However he still has a mortgage with his ex and is having some problems. He hasn't asked for any money, they don't have any children together…
-
Pay off mortgage in lump by cashing in shares?
Hi all. I have some shares that Im thinking of selling to help pay off a bit of the mortgage. To say maths isnt a strength of mine would be a serious understatement! I just need a bit of help to gauge whether I should hold onto my (badly) performing shares, or sell them and use that money to help towards the mortgage. The…
-
Credit Card Debt & Getting A Mortgage
Hi Please could someone give me some advice. As you can see from my previous posts, my boyfriend and I were planning on buying a house this time last year, but I was worried that we would have a problem as I had a default from 2005. Since 2005 things have improved greatly for me money wise and I now have quite a bit of…
-
Potential first time buyer needs advice!
Hi all, I have just moved home with my parents after living away for a while. I'm looking to rent a place but would idealy love to buy somewhere. I'm single, 20, earn a steady income of 15k a year and at the moment don't have a deposit but shouldnt have a problem with raising 5-7k by January. Would it be at all possible to…
-
Help with borrowing logistics
Hi All, Looking for some advice please; my girlfriend and i have just had our offer accepted on our first house together! :j I have recently sold a property and we currently live in my girlfriends flat (in her sole name) - we intend to keep the flat and rent it out, but need to take an additional 20k from the equity to put…
-
Tenants in common and transfer of deeds advice
My mother recently passed away. She and her partner have a house under the agreement "tenants in common" and in her Will, has left her share to myself and my sister. He has two mortgages on his share, and although our solicitor has obtained probate, he has told us (after 9 months) that he is unable to put our names on the…
-
2nd mortgage?
We already have a mortage on a property that we rent and are wanting to now buy a 2nd property for our home, what is the best way to do this?
-
Re mortgaging a property
Not sure if this is right part of forum, but maybe someone can direct me to right place if not: We are a buisness who owns two buildings (houses) we would like to buy a flat for residential use and approached the bank to find out if we could obtain a loan against current property to finance new property. Bank insists we…
-
Best time to overpay?
Hi all, I am new to these these forums but have already picked up lots of good tips from you all! I would really appreciate some advice with the following. My situation is as follows: Myself and OH have been in our flat for nearly 3 years and have reduced our mortgage down to £157k from £162k. Our original LtV when we…
-
Booking fees - legally binding/refunadable?
Hello, I have had a mortgage approved with Santander and signed some paperwork in the branch. However, the advisor has phoned me to say they cannot offer the product I signed up for and can only offer a higher interest product now. I have found a lower rate mortgage elsewhere, if I pull out of the Santander agreement will…
