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ALL advice welcome please
hi i need some advice really. i need to be out of the property im in now as soon as i can as they are threatening court action to get us out . i have been accepted for a 90% mortage with the Skipton. i have managed to save up 7k over the last 6 months and i will not rent. i did give up and go to rent and 2 weeks before we…
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Remortgage in wifes name only
Currently, my wife and I are both on the mortgage and on the deeds. We need to remortgage but this has turned out to be impossible due to my having bad credit from a few years ago. The reason we need to remortgage is that our current mortgage (5yr, interest only) has reached the end of it's term and we want to switch to a…
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Britannia Building Society - New Sort Code
I have just tried to pay some money into my Britannia Building Society account using the same details I have used for years, and it rejected the account details. Checked with my Bank (First Direct) who advise me that a number of beneficiary bank account sort codes have changed with the transfer from BACS to faster…
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Mortgage when less than 6 months from last sale
Hi, I am looking at buying an auction property with a mortgage. I am hoping to get the full offer in advance of the auction but time is very tight. My solicitor has said there may be a problem as the property was last sold in November 2011. Can anyone explain to me why this is a problem? I will speak to the mortgage…
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quick mortgage newbie question
Hi, I'm looking to get a place this year, I earn £13k a year before tax and will be a single mortgage applicant. Based on a few 'how much can I earn' calculators form various banks, I can get as much as £64K to as low as £0. I am looking for around a 60% LTV mortgage, and looking to borrow around 40-50k, but at some banks…
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Cheshire BS Change T&C's to Nationwide
I really hope someone can help advise me. I've had my 'repayment' mortgage with Cheshire BS since about Dec 2006, in 2009 i paid only £12 to switch it to 'interest-only', and then paid another £12 in 2011 to switch it back to 'repayment' (I'm currently on their SVR of 2.5%). I received notification this month that from…
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porting to buy parents house
So in a nutshell I have a £94000 mortgage left, and the house is worth £124000 (£30000 equity) can I port this mortgage to.my fathers house? Basically his house is worth £150000 but he is willing to sell.me it for what I get for mine, is this allowed? Plus I am pregnant so I am not earning as much as I was when I first…
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NewBuy combined with Part Exchange?
Hi all, Myself and partner are currently sniffing around the NewBuy scheme which I know has had a lot of mixed reviews. Thought it was worth doing a bit of research though. We are currently just in negative equity in our current property so realise that any part-ex deal with a builder offering NewBuy would require us to…
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mortgage express
Dear ALL Me and my partner have a mortgage with the above people.But sadly our relationship as finished so my partner wants to keep the house on and wants my name off the mortgage and i do too.As my farther passed away 2yrs ago leaving me and my sister his house which is mortgage free.I phoned mortgage xpress told them i…
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Used L&C on MSE advice which cost £300 more than going direct to Nationwide
On MSE's advice I arranged my mortgage through London & Country. I am porting my existing mortgage (with Nationwide) and topping up with a second bit of mortgage from Nationwide. L & C told me that my only option was to go with Nationwide because of porting my existing mortgage. And yet they didn't tell me at that point…
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Co-Operative Bank Mortgages - Good, Bad, avoid? Your experiences please..
Hi All, I'm thinking of going into the Co-Operative Bank on Monday to apply for my first mortgage. (We've got an offer accepted). They've got a decent 5yr fix (85% LTV) at 4.19% that my broker couldn't match so I'm going direct to the lender. I've never banked with the co-op before so I have no idea how good they are, what…
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Mortgage employer checks
Hi I'm a nanny and also do other freelance work so am registered self employed. As we are wanting to apply for a mortgage soon I asked the family that I nanny for if I could switch to employed to make my application more straight forward and even offered to pay the employer costs involved with this. At first it was agreed…
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Am i in a good place 0-60% LTV ??
I have ten years left on my mortgage, it is due to run out in may, i am currently with the lender that i also bank with, they were never able to get close to a good rate untill the last time i renewed, i am on a 2 year fixed rate at 3.60% which costs me £1.196 PCM and the term is ten years, They have just sent me thier…
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Porting and borrowing more
Hi I currently have an 95% ltv mortgage with Halifax that has an epc of £2750 till feb 2014,the flat we are in is prob worth £90 to £94 thousand with £85000 remaining on the mortgage. We need to move due to having our first kid and we need space. We are fixed at an eye watering 7.14%. Can I port this mortgage and borrow…
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FTB parents help
Hi folks i am a single 31 year old living with the folks and will be a FTB in the near future. I currently have £4500 saved up, i have no debt, have a clean credit file and im putting away £600 per month. I earn £19000 pa. My dad is getting made redundant/retiring and there may be the possibility that he could lend me £20k…
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Nationwide 95%
Hi, Does anyone know the criteria for getting one of the 95% Nationwide mortgages. We have saved just over this but have fallen in love with a house and doubt it will still be on when we have saved 85-90% Any help would be appreciated.
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Mort Fraud
Hi, Just wanted to find out if my neighbor is committing mortgage fraud, and if so how can i report it. The guy who owns the house calls himself the landlord, and he lives there with his friends. Now i am not sure if he has a private mortgage which may not entail him to allow tenants? or does this have to be buy to let…
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Personal loan and mortgage application
Good Afternoon My husband and I have been discussing our finances this week as we are hoping to move house in the next 12 months. We are looking at our debt and we currently have £6500 outstanding, this is made up of credit cards and a £3k loan. We currently pay £450 a month approx for all of the debt which is quite high…
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Mortgage Affordability / Deposit Question
Hi, My partner and I are living in rented accomodation which the landlord has offerred to sell to us at what we think is a decent price. Only problem is that we don't have a deposit. I also have a flat with a CTL mortgage for around 85% of the value of the property. This was recently renewed and I dont think I could get…
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BTL Mortgages and death
Sorry if this is in the wrong place, but I had no idea where was best :( We have a joint BTL business (Me, my step dad and late mother) We all have our own mortgages, but the business is run as a whole. Me and my step dad have been running the business completely for the last 2 years doing maintenance and ensuring all are…
