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gifted deposit concerns
I'm a FTB . My deposit is a gifted one. Its from a friend, not a relative. Its a genuine gift. I mentioned this to the IFA I initially spoke to when considering my options and he didnt bring it up as a potential problem. I also mentioned it to my eventual mortgage broker (L&C) and gave him the name and address of my friend…
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When fixed mortgage rate ends...
I am currently in a 5 year fixed (5.63%) mortgage with Nationwide who allow us to overpay by £500 a month which is what we do. When the fixed rate is up next April, we will have £20,000 saved up to stick on the mortgage as a lump sum. When would be the best time to do this? Obviously not before April as I will get charged…
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MSE News: ING Direct to raise mortgage SVR
"The bank will raise it standard variable rate for 4,500 borrowers in August..." Read the full story: ING Direct to raise mortgage SVR
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Custody - Title Deeds - RBS
Hello, I received a letter from my solicitor stating that my mortgage lender, RBS have returned the title deeds and he is proposing to have the title deeds under his custody unless i say other wise. 1. Is this normal? Why is RBS returning the title deeds before i have paid the mortgage? 2. Is it a normal practise for the…
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help - joint to sole mortgage (not splitting up)
If anyone can help it would be really appreciated, i will try and keep it simple........ my husband and i currently have a joint mortage house is worth 270,000, mortgage left is £163,000 i got myself in debt and and now on a dmp, our current mortgage deal has run out but obviously now i will not get another mortgage as…
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Husband left, can't afford to pay mortgage, what should I do?
My husband moved out of our jointly owned property on Friday. We have 2 small children. The mortgage is due on the 28th July. He says he cannot afford to pay anything towards it as he has to pay for someone to live. I work PT and cannot afford the mortgage by myself. We are in arrears on the interest only mortgage and are…
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Mortgage with parental help
My parents have a lump sum saved that they’d like to use as security to help me get a mortgage so that I get a better rate than what I’d be offered on my own and maybe borrow very slightly more. They’re not offering to give it to me and I’m not asking them to, so putting it towards a gifted deposit instead isn’t an option.…
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Remove name from mortgage
Help! We need some advice, when my partner was still married with his ex wife he helped his mother in law out so she didn't loose her home. He went onto her mortgage as a named person. 2 years ago he divorced his wife. The divorce has been finalised and he has money back from their house. So all done and completed. However…
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Advice for a First Time Buyer
Hi, I'm sorry if you've answered questions like this a million times before, but I got into the mess I'm in at the moment through acting without understanding the full facts so I thought it was best to check! Myself and my husband got married last year, I'm 25 and he's 29 and ideally we'd like to start a family in the next…
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Mortgage Retention Advice Please
Hello - I would be grateful for any advice forum members could give me. I am currently considering buying a house - starting by putting in a very low offer which not surprisingly has been rejected. The estate agent has sent me a copy of a survey a potential buyer had done following which they pulled out of the sale. I'm…
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Uncommon? Mortgage Advise
Hi all.. First time post and hoping for a bit of advice regarding a second mortgage. Basically I currently have just less than £50000 remaining on my current mortgage. At the time of taking this out I wasnt earning a lot of money. I was lucky as I had a fairly sized deposit. I want to to buy another property and rent the…
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FTB advice
Hi, Basically I'm after some advice on Ftb mortgages and likelihood of acceptance, deposit amount, etc. Our situation is this, both in full time employment, I earn 50k, partner £40k plus some bonuses. Partner had a default 2 years ago of about £700 which was paid immediately and settled(stupidly didn't update address…
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Is my broker acting in my best interest?
Hi, We are looking to take a mortgage out -- FTB Here is our situation Me- not form this country and SE so im not going on the mortgage my Partner and oru BIL Now, my BIL and MIL are going to go on the mortgage BIL earns 22k a year my husband can't go on due to some negative credit which makes his score too low. So MIL is…
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Possible?!
Me - 26 self employed but have a long term signed contract from a single client netting over 100k/year. CCJ on file due to drop off in Jan next year for £200 and a settled one from 2010 for £4800. Credit score is 972. Partner - 33 employed with a 42k income. Current outstanding mortgage of 125k. Will likely have a 50k…
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Are we likely to get a mortgage?
Hi, we have seen a house that we like for £190000 and have a 10% deposit. We have just seen the estate agents mortgage broker (I know this may not have been the best idea in retrospect! Plus his fee would be £1000 on completion!) and he has said that we will struggle to get a mortgage. Our situation is: My partner is a…
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RBS Mortgage Payment Not Taken
While I should probably count my self lucky that rbs havent taken two payments, they have yet to take any for last month. Granted it should of been taken on the 30th of June and were only on the 3rd July. Has any one else with an rbs mortgage experienced this? Cheers And yes there is money there for it to be taken
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transferring mortgage
My friend couldn't get a mortgage and so his father in law got one for him however he wants to retire early and so doesn't want to keep the mortgage. My friend said that he would have to sell the house but still wouldn't be eligible to get a mortgage. Is it possible for them to transfer the mortgage to his own father…
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Advice, please
Hi, am new to this... have a fixed rate mortgage with santander expires end of oct 2012, current mortgage 170k, house up for sale, want to down size mortgage to 130k, have about 66% equity and good credit history (nothing adverse) but santander will only lend 60k if we move as wont consider tax credits and income from…
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HSBC strikes again
Seems there's no let up in the quite baffling decisions being made by some lenders. So, three weeks after sitting down with a very helpful HSBC mortgage advisor (who I have to say has been superb) they finally decline me for a mortgage. The strong case confronting them was : -Premier customer since 2008. Salary paid into…
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Can you find out if you could get a mortgage with a 10% deposit before saving the 10%
Hi guys, forgive me if Iam asking a stupis question, but is it possible to go and see a bank/building society and have them tell you wether you qualify for a mortgage with a certain deposit before you actually have that deposit saved, or do you actually have the money before they can tell you. Iam asking because I…
