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adding name to mortgage
hi want to add my name to our current mortgage, its in partners name at the mom, and is with halifax. they have told us there is a administration fee which is fine, and also a fee for the deeds to be released also ok, also they have stated that we will require our solicitor to process the transfer which is also fine but…
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want to borrow some money on remortgage
Hi Guys Im going to be remortgaging shortly and wanted to borrow £6000 extra to do my house up a little. The mortgage is from santander. The house was worth £190000 when i bought it about 4 years ago and the current balance of the mortgage is £131000. Do you think Santander will let me add the £6000 to the mortgage thus…
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Buy to Let Mortgage
I have a flat which is rented out, currently on my old domestic mortage. I'm trying to work out whether to transfer to a buy to let mortgage and take some money out to re-invest in another property, thus spreading my investment. The current mortgage is c25% of the value and I would take it up to c60%. My income from the…
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buy to let minimum income?
hi guys. After a bit of advice please, we have seen a couple of properties we would like to buy to rent out. For the price range we've been looking at we have a 20% deposit could stretch to 25% if needed. The issue comes with mortgages, after approaching my current lender for our residential mortgage after discussing they…
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Implications of one name on mortage
Hi all We're hoping to move shortly. I'm older than my OH, but he is the major wage earner. Based on my age, the mortgage lender is only willing to allow our new mortgage term over 17 years making the repayments too high. We would be allowed 23 years if they weren't taking my age into account. Are there any legal…
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Mortgage Drawdown Advice Please
Another question ( sorry ) We are hoping to exchange and complete next week on our purchase, been into sign today, vendor signing Tues, so we said to sol can we exchange and complete Tues or Weds, but she said no, will be Fri @ the earliest, she will start the process of asking Lloyds for our mortgage funds today but will…
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Mortgage Lending criteria - Santander
My partner and I applied for mortgage with Santander a few weeks ago which was approved and the mortgage offer released. The purchase process of our property was all going through very well until the environmental search revealed that there was (probably many many years ago) a landfill site near to the property. Santander…
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Longest fixed rate available ?
Hi all, As above really. In general, what is the longest fix rate term available ? 5yrs ? or possibly longer ? I know you can get lifetime trackers but assume you can't get lifetime fixeds ? We are currently on BoE tracker, 19 years left, o/s balance of £115k on house worth at least £250k (ie approx 40% LTV). Does the…
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Buying an Ex out of our Mortgage
Hi i'm not sure if this is in the correct section but hope someone on here can help me. Me and my Fiancee' have recently split up and have a mortgage together. She is happy for me to buy her out as long as i give her back the original deposit that we put down. I am in the position to be able to give her this back in cash…
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FTB advice
Hi MoneySavers! After a year of wistful semi-serious house-hunting I have seen a lovely flat I want to buy. It's on the market for £75k, in a lovely location and in a beautiful old Victorian townhouse. The reason it's so cheap is the old single glazed sash windows. I'm also not too enamoured with the Economy 7 electric…
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POA & Accepting Cash Gift
Not sure if this is the best forum for this, so apologies if it should be elsewhere. My husband has Power of Attorney for an elderly family friend. The man has no immediate family, never married, no kids. My husband has always been a regular visitor to him and helped him when needed. A few years ago he had a bad fall and…
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Should I reapply?
I currently have a mortgage with HSBC and want to move house. However, when I applied to port my existing mortgage and borrow the extra I needed, HSBC declined my application on the basis of a returned DD payment in June. This was a mix up with a new company taking the direct debit but HSBC told me that I was welcome to…
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Gifted Mortgage Letter
Hi, My parents have decided to give me my gifted deposit for a house I am purchasing. I have to take them the gifted deposit letter this weekend and just have one question. The bank account the money is coming from is a joint account, but my parents are giving me a cheque, which is only in my Dads name... so does the…
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Estate Agents' In House Mortgage Advisors
Morning all I’d be grateful to canvass your opinions on estate agents’ ‘in-house’ mortgage advisors. We are viewing 3 different flats with the same estate agent tomorrow (first time we’ve had viewings with this company) and they have asked us to come in 30 mins early to have a talk with their in-house mortgage advisor. I…
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mortgages for agency workers
my son has worked in the same job for 18 months as an agency worker. he recently applied for a mortgage and he thought every thing was ok then after about 6 weeks he has now been told that he cannot have the mortgage because he is a temporary worker. he has paid out approx 2000 pounds and no one said until now that there…
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What are the risks in selling endowment
Hi all.... I am thinking of selling an endowment policy. Its in year 20 of a 25 year endowment.. The policy was meant to make £34000 I have just checked. The current surrender value is £12500 Given that very few of the endowments are paying terminal bonuses, I am thinking of cutting my losses..... I have just had £6000…
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Transfer Of Equity Help!
I am divorced & have a consent order sealed by the court to by my ex out of the house. On the consent order it give us 56 days & I have my mortgage in place but he is delaying signing the transfer of equity form. Can anyone give me some advice? I have 2 children & have had a terrible time trying to divorce my ex getting…
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90% Mortgage with 5% from Builder
Which lenders (if any?!) will provide a 90% LTV new build house mortgage and take 5% from a builder and 5% from me?
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First time buyer looking for YBS mortgage advice
Hi there, thanks in advance for your help My offer on a property was accepted so it's now time to apply for a mortgage. I've shopped around the internet and found that YBS has some really good deals. My credit history is all good (have had personal loans, credit cards, etc. all paid off on time). The only drawback is that…
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dont know the answer please can someone advise
we bought our house in 2005 and since then i have been paying the mortgage as the main earner and my partner pay the bills. Upto 2009 we were both in full time jobs until our daughetr was born in 2009. After this my partner went from full time to part time work due the baby. She now works two days - 15 hrs a week and pays…
