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Documents - proof of agreed mortgage
Hi All We have a mortgage approved in principle and have just made an offer on a house. The estate agent refused to take it off the market until we prove that we have a mortgage agreed. I am going to take a copy of the agreement document in tonight but they are insisting it isn't enough and I have to meet with their…
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FTB - Advice please
Hello We are preparing for our first house buy and doing the best possible effort come up with as much deposit as we could. I have een offered a Money transfer for £4500 for a 4% fee, interest fee for a year. My question is, if I accept the Money transfer and add that to my existing deposit pot, will that reflect as a…
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Electoral roll question - FTB
Hi there Applying for a FTB part buy part rent mortgage and have had a positive DiP. Have paid all the required fees and the mortgage process is with the underwriter. The underwriter has requested extra information in the form of a letter stating why I wasnt on the electoral roll. To cut a long story short I moved to…
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Bad Credit History can I get a Mortgage???
This was previously posted in the credit card section of the forum, but it was suggested to post this over here A few years ago I completely messed up my credit rating, well in April 2008, I defaulted on a credit card ( I wont go into why but I was pretty messed up at the time!). The default has now been settled in July…
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Mortgage Agreement & repaying a loan
Hi, I've recently applied for a mortgage with a major bank and am at the stage where the application has been reviewed by the underwriters and accepted and I've signed and returned the 'agreement'. As part of the discussion with the Branch / underwriters I was told in order to be accepted I would need to pay back an…
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Would I benefit from adding unsecured loan to mortgage?
I received a phone call today from the bank asking me if I would like to add my loan onto my mortgage! My loan is 9.2%apr (has 4.5yrs to run) and mortgage 3.2% fixed rate for 2 years (has 17yrs left to run). LTV of mortgage is 42%, which is the reason they said they can offer me this! I mentioned to the bank that I intend…
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would really appreciate some advice please
Ok I hope I m going to explain this properly because i am now beginning to confuse myself!!! My partner has his own house which is mortgaged and i live in rented accomodation, we have now reached a point where we want to move in together as I have 2 children my house is bigger and would be more appropriate to live in…
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Is it possible to use equity in BTL as deposit on new personal mortgage?
Hello, I currently have a Buy to Let mortgage of £69,000 outstanding on a property bought for £108,500. The property is rented out at £475 per month and the repayment on mortgage is about £400 per month. I have recently split up with my long term partner and need to move out of his home. I would like to keep the BTL as an…
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10% deposit but with a 2 year old default...chances of getting a mortgage?
What it says on the tin really. My partner and I have saved £16000 and looking for houses in the region of £135000-159000. The problem is I have a default on my credit file from tmobile listed (and settled) in dec 2009. I won't go into the ins and outs of it but have tried and failed to have the default removed (was…
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Splitting up with girlfriend joing mortgage advice
Me and my gf purchased a house around a year and a half ago on a 3 year term, overall it is around 30 years. We purchased the house for £75k, and I paid around £10k from my own savings and help from family members. I am hoping to be able to take on the mortgage myself, I have done some basic sums and while it will be…
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Mortgage payments
Hiya, i am sorry to bother you but we are confused and a little worried if any mistakes have been made. We bought our house from the housing association under the right to buy scheme. We took out a mortgage with the Woolwich for 71,000 fixed for 10 years on Febuary 17th 2007 for a 20year mortgage. The 1st ten years at…
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Mortgage lender's obligations to me
Hi, I currently have an interest only mortgage which is on the SVR. I am struggling to make the repayments & keep ringing my lender to ask to be put on a fixed rate to reduce my monthly payments. I keep getting a flat "No" & when I ask why they don't give me a clear answer! I've been with the same lender a number of years…
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House swap and house sale
[FONT="]Hello All, Myself and my partner have two properties, each in our own names. We have agreed to swap our house with another vendor and for us to pay a cash difference. My partners house has been put up for sale and priced at a level we've been advised will shorten any sales cycle (but who knows!) On the house we…
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Mortgage Payments
Hello Me and my partner have recently put a deposit down on new build property. The property is not due to be build until late November. My parents are going to be mortgaging the house for us to save embarresing credit checks etc. The property is £195,000. We have £20,000 deposit. I am just wondering what sort of monthy…
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90% LTV Mortgage on New Build?!
We're buying a house and have a 10% deposit, we made an offer that was accepted after speaking to several providers who offered us up to 5x our joint income, even though we only need 2.5x. Now our offer has been accepted and we want to progress with the mortgage, we're having a lot of problems with lenders not wanting to…
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"high rise" & "newbuild" mortgage problems
I've been trying to get a mortgage on a property that is on the 7th floor of an 11 storey building built in 2007 and keep running into this problem. The providers don't offer a mortgage on properties over a certain height, or the property is too new. I wouldnt mind but they force me to answer a load of questions before…
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Over 70 looking for new mortgage deal.
Help... My mortgage deal is due to finish and I am having problems trying to find a new deal. It appears that I am too old! I have 6 years left on my present mortgage which I was hoping to transfer to a different lender. Has anybody got any suggestions please. :think:
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Exiting a Tenancy on Common agreement
I have searched the forums, but have not come across this particular topic. Apologies in advance in case this a multiple thread..... 3 years ago, my girlfriend and I bought our flat from her mother. She stumped up a £30k deposit, while I was assigned 1% of the mortgage as both incomes were needed to take on the mortgage.…
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Long-term mortgage used as bridging loan?
Here's a our situation: we own our house valued at around 200K. We have an equal amount of savings: 200K. We'd like to move to a new property 500K max. We're trying to avoid getting stuck in a property chain so we're looking for a solution that would allow us to buy the new house without having to sell our current house…
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Right to Buy
Hi Me and my wife are considering buying my mother in laws house under the right to buy scheme, which will allow a significant discount based on the fact she has lived their for a long time. However, if the property is purchased it has to be purchased in the tenants name (my mother in law). We should be able to borrow the…
