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Mortgage Advice
Hi there, I have recently rid myself of bad debt after six years, My partner has a mortgage,& I am on the mortgage life insurance. As we both help pay the mortgage, but it is in my partners name, because of my bad debt. Can I be added to the mortgage now, as I am debt free, Some advice would be appreciated, Thanks
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How do I buy my partner out of joint mortgage?
My partner and I are separating and I would like to 'buy him out' of our joint mortgage. I have heard this phrase often but don't exactly know what it means! The house is worth approx £275,000 and the mortgage is approx £150,000. So do I just divide the equity in half, pay him £62,500, and get his name removed from the…
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Multiple mortgage applications
Hi, my wife and I have been working on our credit score for a couple of years to ensure that we can get the best first buyer mortgage when the time comes. Unfortunately in the recent month we have been declined for two best deals on the market because she changed jobs in June. We now want to wait until she finishes her…
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Mortgage and Legal ownership
Hi I am looking to get a house with my girlfriend. My girlfriend finished her studies and she is looking for a job in the UK (she is here more than a year now and she is an EU resident). I am a UK resident for more than 10 years. We found a house and made an offer and I've also applied for a mortgage on my name only. The…
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Cumberland Building Society
Hi anyone have any knowledge of the Cumberland BS currently offering a cash back mortgage 3.9% for first 6 years then 4.49% for the remaining term. What are the views of the forum on this? Thanks
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getting mortgage with bad credit
we have found a house and put in offer which has been accepted. house value 250k we have a 10% deposit so need mortgage for 225k. my partners credit score however isn't brilliant currently 550 no CCJ's only missed/late payments 6 in last 8 months! our current IFA has said it may be difficult to get a mortgage, but hasn;t…
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Question regarding small claims court
My former landlord has alleged that I caused damage over and above the amount of the deposit I lodged when I took on the property. He has subsequently done up the property to a much higher standard and is expecting me to pick up most of he tab. He has stated that if I don't pay he will recover the money via the small…
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trying to move, few questions
Just a few questions for starters before i really start to look into it, okay weve bought a house in 2007 100% mortgage 103k, and obviously we will be in negative equity, original didnt really stretch ourselfs that much with being our first house so bought a 2 bedroom semi since then we now have a 5 year old daughter and a…
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My brain is fried, I would be so grateful for some help (low SVR to more costly fix)
OK, so 6 years ago I bought a house. I currently have an outstanding mortgage of just over £90k, around 80% LTV. I am on my lender's SVR of 3.99% which is affordable for me at the moment. Since buying the house I have had two children and got married. My income has reduced (I now work part-time) and I have some debts…
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steps to improve the chance of a mortgage please?
Hi. I have the right to but my council flat and would need a small mortgage of around £30,000. However, I am a self employed tattooist without an accountant and very informal looking 'accounts' (i normally just note my takings in a notebook, my expenditures are minimal). I had to take 6 months off work recently and claim…
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Mortgage - is this even possible?
We currentley own a terraced house which we have around £20k equity in. In a few years time we were thinking of buying somewhere else and renting the terrace out. 1, Could we turn our current mortgage in to a 'buy to let' to rent out? 2, Would the buy to let mortgage then cause us any problems getting another mortgage…
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How long are HSBC taking at the moment?
After going to an independant broker, it turns out our current lender, HSBC, are still the best deal for us. BUT with all the kerfuffle with the Countrywide conveyancing panels and the good rates inundating them with applicants, how long are they taking at the moment to sort applications and then get to the completion…
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Porting / Tranfering Mortgage
Hi Guys, I'm a very lucky guy who's just received an inheritance - after years of struggling, some pressure's off. Amazing. However, a year of particularly tough times has led to a poor credit rating - no ccjs but all of the rest in trumps! Question: I'm 42, a freelancer (currently working) and would like to move... my…
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Mortgage renewal
Hi all, Our Mortgage renewal is due up soon. We are currently on a fixed term Mortgage. We would like to change to a tracker mortgage. Is this a risky think to do. I know its difficult to tell but are interest rates likely to increase or stay the same?? Is it possible to get tracker mortgages out there for two years or do…
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Offer in Principle but all details are wrong?
DH applied for a Moetgage with HSBC a couple of weeks ago over the phone. He was offered a MIP and everything was sent to him in the post to sign & return together with required documentation. All good, offer accepted on house. We received paperwork from HSBC only to find loads of incorrect data. 1stly the spelling of his…
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How much longer for mortgage offer!!!!
Hi Starting to get a bit worried now. Was told our mortgage application was sent to the underwriters last Thursday and we would here by today at the latest but still not heard! It's taken nearly 5 weeks to get to this stage and we are buying and selling and I'm worried it could all fall through now! We were told we would…
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Buy to let?
DD is 25 and has her own studio flat owned outright. She would like to move to another area and I have suggested that she sell flat and buy a two bed flat in the new area and rent out the spare room. At present she is not working in a full time "proper job" although she is constantly on the go with making and selling items…
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Vendors dropped out! But solicitors still holding my deposit money!!!!
Dear Moneysavingexpert community I purchased a house for £120,000 and put a deposit down of £30,000, but unfortuantely the vendors have pulled out at the very last minute as they couldn't port their mortgage. The fault lay totally on their side. Yes I am fully aware that I will still have to pay £100s of legal costs, but…
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Help! mortgage application now refused!
Posted about this recently but cicumstances have changed. really stuck on best course to take. In a nutshell, partner and I separating. We own house together, tenants in common, unmarried with one child. Plan was for me to buy him out and make mortgage in my name only. House value (have had 3 valuations done lST WEEK)…
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can I get a mortgage?
I have been left part ownership in my late mothers house, we currently live in it and have the agreement that the value for the share valuation is at 2002 value plus inflation as we have been improving the house over the last 10 years. The house still has the potential to increase further but to realise this I need to buy…
