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Borrowing More than Property Price to Renovate?
Hi, I've received some great advice on here recently in relation to a BTL mortgage and I hoped that somebody might be able to help me with another query... We'd like to buy a particular property that is very much in need of renovation. The property is well priced, accounting for the renovation work required, however I…
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Mortgage Deed Witness
I need to send some information off to the solicitiors re mortgage and it's asking for our signatures to be signed by a witness. It doesn't give any more information than that, can it be anyone? Should it be a solicitor? Do we need separate witnesses for 2 signatures? For the witnesses - if not solicitors, can they be of…
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Good LTV, stuck on high fix/redemption - options please?
I am on a Santander fix 5.69 (5 year fix) taken out late 2007 :( I have regretted the five year fix every since but we were forced to accept the 5 years when Santander agreed loan. I suspect that was because of dependents and one income but we have had mortgages for 10 yrs and have rock solid credit history. No debts…
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Rejected mortgage :(
Hi, Our house has been on the market for two years and we finally accepted an offer on the house and found another house to move into. I had no problem getting an agreement in principal from Halifax for the new mortgage but when it went to full application, they have rejected it :( The reason is that I own 45% of my…
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Mortgage advice needed
My wife and I have always held a joint mortgage. I went through bankruptcy 9 yrs ago, lost my house but had an £18,000 shortfall in the mortgage for complicated reasons. My wife has since been responsible for paying that off(although I have been) and today the mortgage company has accepted £5800 to settle the outstanding…
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Setting up a mortgage/charge on a child's house loan.
This must be increasingly common, but I could find no reference in the forums. I am retired and want to lend different amounts of money to my children to replace their mortgages at lower interest rates than they are presently paying. They need to pay me some interest (a) for my income as I will lose the deposit income and…
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Mortgage Credit Score Help
Hi All I'm after a bit of advice. Myself and my girlfirend recently applied for a joint mortgage with HSBC as FTB, we have a combined income of £70k about £1.5k left a month after all bills including credit commitments and rent of £800 and food etc. the Mortgage repayments equate to an additional monthly cost of £50…
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Are Fast-Track mortgages still available?
Hello, I have arranged a mortgage with Santander in April, the vendor then notified me in June that they can not sell before 28th November without losing a lot of money. The mortgage offer is due to expire before the transfer date of 28th November because the valuation survey expires on 12th November (I have extended the…
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Should we make a complaint against our Mortgage Advisor?
Hi All, To start with let me say we are now in our house (have been for a few months) and very happy in it so the below is not really going to have an impact on us now. However I want to know if I should make a complains and if so who to. Basically our mortgage advisor was a bunch of crap and ended up costing us a lot of…
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Stamp Duty Question
Hi folks, I mate of mine bought 50% share of her house 10 years ago. The 50% was valued at £55k, so with the total being £110k, she didnt pay stamp duty. She is now going to buy the other 50%. Her house is now valued at £150k, meaning she is paying £75k for the other half. Will she now have to pay stamp duty or will she be…
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Bigger Deposit or Less Debt?
Hello all I'm trying to get a mortgage arranged for approx £280k - is it more important from the lenders point of view for me to have a bigger deposit saved or less debt (ie car loans, credit cards)? So, which of these options am I better off being in: Deposit of £60k and credit card/loan debt of £12k or Deposit of £48k…
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Settling HSBC Tracker + Porting Rate to 2nd Property?
Looking for some guidance - I have been told that I cannot do the following to facilitate porting my rate which involves purchasing a second property prior to selling my existing house by way of a £165,000 gift to bridge: Property (1) £190,000 Mge (1) £65,000 (+1% Cat Standard Tracker) - £65,000 Gift Bal. NIL Equity when…
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Mortgage rates ~confused!
Hi People, I am looking into mortgages and looking for the best product. I have decided on my circumstances a 2 year tracker would be the best product. Now I am trying to get my head around mortgage interest rates. Looking at a simple mortgage calculator with loan value, term and interest rate I put in a rate I see on a…
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Getting BTL mortgage
hey guys, first post here - please be gentle! I've recently received an inheritance of £25k and am looking to become a BTL landlord :) Using that money as a deposit, I'm looking to get a mortgage to buy a property in the £80-100k price range. A bit of background - I'm 23 years old, live at home with my parents just outside…
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How to split house & mortgage 3 ways when 1 person isn't contributing toward deposit?
I've gone in with two other friends on a joint mortgage to buy a house and we're tying ourselves up in knots trying to figure out the best way to divide things and put this into a Deed of Trust. We want to split things equally three ways. The complication is that one of us isn't contributing any deposit money so they're…
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Selling House to Sibblings
My wife is 65 and I will shortly be 67. We currently have our house on the market for £430k but have only had 2 viewings in the 10 weeks it has been on the market. We think the estate agent overvalued the property and intend dropping the price by 30k. Ideally we would like to downsize as we are not on a bus route and the…
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mortgages
my husband died nearly 3 years ago the insurance did not cover the mortgage, my daughter's partner mortgaged the house to cover what was left with myself as joint lender, he has now gone and wants name taken off the deeds leaving my daughter and myself with a mortgage of 82000, my daughter has 2 children 8 and 4 and is on…
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Halifax TMPP
Does anybody know is it worth claiming back for TMPP??
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Mortgage / divorce
Hello, I am getting divorced and have an appointment soon to get some legal advice about my situation. But in advance, I thought I would see if anyone on this forum had any thoughts / advice, even good ideas for questions I should ask the solicitor. I bought a house on an NRAM Together mortgage. When we moved in together,…
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Mis-selling of intrest only mortgages
Good evening people, Was looking for a little advise in regards to the possible mis-selling by a mortgage broker of a 100% intrest only mortgage. My partner signed up for a 100% intrest only mortgage with the Nothern Rock mortgage but to realise it was a intrest only mortgage some 5 years down the line. The reason I feel…
