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deed of trust? will it affect mortgage application
Hi all, I was hoping that someone might be able to give me some advice on whether a deed of trust will affect a mortgage application. Basically I and my partner intend to buy a house with my mother. She will live with us and that has meant that she can help to fund a large enough house for all of us, and also free up some…
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A joint mortgage with an ex boyfriend still has me tied after 7 years help!
I have been split up from my boyfriend for 7 years now and have a joint mortgage together still. He still lives in the house i havent lived there for 7 years. We stupidly had a joint loan together too. So at the moment if we sell the house for £95k there is still £12k left to pay on the loan. He tells me he has really bad…
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Need some mortgage advice.
Hi all, new user here, so thank you in advance for any advice you can give me. The situation, in brief, is this. I am a joint owner of a property valued at 215,000 The other two owners are my father and my uncle. Originally it was myself, my brother and my father, but my brother decided he wanted out, so he moved out We…
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Santander looking after their customers again
I have been with Abbey/Santander for 8 years, I am currently on my third mortgage with them and have never had a problem, all applications were processed qucikly and efficiently with them, I have most of my insurances with them and my main accounts, have a perfect credit score and have never missed a payment or used my…
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Mortgage - transfer of equity?
Hi, I currently have a joint mortgage with my brother and am looking into the feasibility of him taking on the whole mortgage and removing myself from it, to enable me to buy somewhere with my fiance. The outstanding mortgage is approx 175k, and the property value is approx 450k. Is this a transfer of equity? how is it…
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MSE News: Will mortgage drought hit Government self-build plans?
This is the discussion thread for the following MSE News Story: "As the Government announces self-build plans, it emerges potential home owners could struggle to fund a project ..." Read the full story: Will mortgage drought hit Government self-build plans?
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looking to move - possible defaults
hey guys im hoping to move house within the next year, however I am worried we'll be rejected for a new mortgage when we first moved in together (2007) we took out a joint account to pay all household bills, but unfortunately my wages took longer to transfer than i thought and we were late on a mortgage payment (this was…
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Santander mortgages have my pal over a barrel
A colleague of mine has been turned down for a mortgage by the woolwich. He is currently with Santander but wants to move his mortgage. Last year he reduced his mortgage for 1 month which was okayed by Santander and he paid it back as additional monthly payments over the following 6 months. The woolwich has turned him down…
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Mortgage - Transfer of Equity
We bought a house as a trio 3.5 years ago, for £225k. Obviously house values have dropped, but fortunately not as much for us as some areas. I bought one housemate out last year and recently my other half moved in and bought my other housemate out, with a house value of £209k. We decided on the £209k as the average from…
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FTB mortgage for renovation house
I just had a house viewing today and although I wasn't particularly impressed with the properties the estate agent told me that as a FTB I've got hardly no chance getting a mortgage from a bank for a house which requires renovation/is in an unliveable state. His reasons as to why weren't very clear, can anyone let me know…
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Endowment full term - taxable ?
We (wife and I in joint names) have an endowment maturing in four months time. It's run 25 years - I for most of the time was a higher rate tax payer my wife at standard rate. I retired just over 18 months ago and am now a standard rate tax payer, my wife still employed and still at standard rate. I understand there may be…
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Another Nationwide overpaying Q
Apparently with Nationwide you can overpay up to £500 per month as per previous question. Next Q is ( as they give you the option ) Which is better, To overpay and thereby pay off more interest, thus lowering the monthly payment ( its calculated daily ) OR To overpay at the same rate / amount in order to reduce the term of…
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Applying for mortgae with 999 credit score, BUT (NR Mortgage related)....
We are moving home, having sold our house which is on a NR Together Mortgage. When we purchased our house this was on a 80% mortgage and a 20% unsecured loan. Following alot of renovation work and mortgage overpayments, the balance of our mortgage has dropped significantly and we have sold our house leaving us with a…
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Rent towards income for mortgage application
Hello all, new to this so bear with me. Trying to get a mortgage for a new property, currently have £75000 deposit and want to borrow £100000. Problem is earnings are only £21000 so might not get the loan amount i need. I do however have a rental income of £6000 per year from my wife who cannot go on the mortgage. Can this…
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Joint mortgage - partner has good credit history but low salary
My partner and I want to purchase a buy to let property and had intended to make a joint mortgage application. We have both had a mortgage before (separately) and have always made repayments of loans and credit cards on time and therefore have a good credit history. I therefore thought neither of us should suffer from…
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MSE News: Nationwide - slight fall in house prices
This is the discussion thread for the following MSE News Story: "Prices resumed their downward trend in April as the market remained volatile. The average home lost 0.2% in value ..." Read the full story: Nationwide: slight fall in house prices This thread is not in the 'discuss house prices and economy board' as that is…
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Shared Equity Mortgage VS Mortgage.
Hi everybody, My girlfriend and i are just about to purchase a new build property on a shared equity scheme 80%/20%..we have had the mortgage agreed in principle so we can go ahead and place a reservation fee on the property. We have the deposit and all fees covered so are good to go. However my girlfriends dad wanted to…
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Single Person Mortgage Application
I am considering applying for a mortgage by myself. I am married but my husband has a bad credit history where as mine is good, so I was thinking of applying alone. I am currently earning £18,000 per annum I would be looking at borrowing £54,000 of the of the property price which is £60,000. So keeping tight within the 90%…
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Pay off or save
Hi I'm thinking of paying off a lump sum. But is it the best thing to do? We are thinking of moving house in the next 12 months and that would probably mean borrowing a further £150k. Current set-up Outstanding mortgage - £139000 Rate - 2.09% (1.59 + BOE) HSBC Term remaining 20 years. Savings £25k (in Cash ISAs) If I pay…
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using loan for deposit.
Hi. Was just wondering what is the likelihood of using an unsecured personal loan for a house deposit. I have one loan and that is the only form of debt I have. I would be paying nearly 70 a month less on a mortgage and insurance etc than I currently pay rent. I would use 7000 of the 12500 pound loan on a deposit. The…
