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Remortgaging if you are in arreas?
My business partner has fallen behind on his mortgage from his family home which he has inherited from his father. It is currently £2400 / six months in arreas, it has two years left on it and has a balance of approximately £24,000. The value of the property is £120,000. He wishes to clear the areas and borrow £35,000 on…
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How long does it take to get a def yes on mortgage application?
I have an agreement in principal from GE money on a remortgage of my home. I'm seeing the broker next week to put in the actual application, pay the application and broker fee. I'm obviously very worried that I will pay all the fee's out and then get turned down, although my broker says this is highly unlikely he cannot…
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Best way to re-mortgage
Hi, Ive never considered remortgaging before but wondering if i need to apply through my current provider or can i apply to any bank to do this.? I seriously havent a clue about this ? HELP:o
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Becoming a named person on a mortgage, whilst trying to get my own.
Hi I wonder if anyone can help me with a predicament. My husband and I are starting to look for a property to buy just below the £200,000 mark. With help from family we'll probably be able to put down a 40%-50% deposit. So this is all good. However, my mother in law wants to add me as a named person on her mortgage,…
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HSBC panel solicitor. Please advice on further action
Hi, I bet some of you are already saying to yourselves, not another HSBC tale of woes... Sorry, but it is :) Background: I put down an offer for a flat in late June, having arranged mortgage from HSBC. I specified a high street solicitor, having read woeful stories about using Countrywide's solicitors, that HSBC by default…
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Declaring salary sacrifice scheme?
Hoping somebody can clear something up for me please - I have a salary sacrifice scheme at work, for which I receive a company car. Can anybody confirm if I need to declar this, and how it should be treated? I initially assumed it should be declared as a capital commitment, as per any other lease arrangement. However, its…
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Mortgages and Japanese Knotweed
My inlaws (recently passed away) house is on the market. An interested party went along to view the property and then informed us that there was knotweed in a corner of the garden, some 20 metres or so from the building itself. They said they would like to put in an offer but as there was this knotweed they stated they…
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Shared Equity Help
Hi I am after some advice- my husband and I purchased our house 3 years ago using the Moat shared ownership scheme with them owning 34% of the property. We now want to buy that 34% so they had someone value the house (for which we had to pay £180) but they have valued 30k over what an estate agent, mortgage lender and my…
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Which mortgage to pay lump sum into?
I have a buy to let mortgage with about £52,000 on a SVR of 4.0%. I also have a residential mortgage of £252,000 which is due to expire from it's current rate of 1.99% and have been quoted for the new rate about 3.29% fixed over 2 years. I am in the position of being able to pay £75k off one or both mortgages. Given I'm…
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Endowment - Is it worth cashing in?
Have an endowment due to mature 2016 with L & G (estimated at £31,000) Have now moved with a much bigger repayment morgage. Have quite large shortfall to what it should pay out but new morgage isn't related to this policy. As a start of new big morgage, (£93,000 left) is it worth cashing out early and using lump sum to…
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Any mortgage advice please.
Hi all, historically I've had little luck with mortgages over the years and always seem to opt for a poor mortgage deal. So would really appreciate any advice from more knowledgable people. My current deal expires in a few weeks and my lender has written to inform me that I'm automatically being put on a 4.8% deal. I'm…
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Arghhhh Advice please
Hi all, I'm so cross and not sure what's right or wrong anymore.:mad: We took out a Co-op mortgage in 2009 it was a 3 year tracker mortgage. When we initially applied in August 2009 we were sent out our key facts of the mortgage, which stated we were taking a 3 year tracker at 1.89% above base rate making 36 monthly…
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Buy to let advice
We are considering buying a house locally with a view to renting it out until we want to downsize in approx 10 years. What is the usual LTV on a buy to let? If at any time during the rental period we rented to a family member would that be an issue? What is the average monthly cost of a buy to let mortgage of approx…
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Being added to title deeds
I dont know if I explained my point correctly, I am looking to be added to my partners mortgage, I dont have any defaults ccj,s etc I have a credit card, current account, etc, She is on a variable just now, & we were going to approach rbs, as she has had her account with them 15 years, I have just opened an account with…
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Mortgage & credit rating
Hi, I have recently applied for some credit, some successfull, some not, one reason is not on voters roll, as I had been at my parents for a while & not on voters roll, but I do not have any adverse credit. I was going to be added to my partners mortgage, and be a homeowner, does this make a difference to credit rating,…
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Flexible Offset Mortage with Santander
Anybody had problems with trying to get a homeowner loan in addition to this mortage. Santander don't allow second charges and we want to make improvements to our home and release some equity. It is part interest only and repayment so the Santander additional loan for existing customers bars us from applying. What are our…
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Mortgage for B&B
Hi. My wife and I were thinking of setting up a B&B. Can anyone advise on what the options are for raising finance to do this please? Is it the normal 3x residential salary mortgage option, or would we have to apply for a different business type mortgage and if so, what is the norm around these on how much we could borrow…
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Confused and need help... :'(
My wife and I are divorced, and have been for a year (separated for about 4) and when I moved out I left her the house. She has been paying only the interest since I left and now she wants to move out. I have said that I am happy to move back in and take over the mortgage (and actually start paying it off) however she…
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advice please
Hi i've had a DCA after me since january 2012 requesting payment for a shortfall from repossion on a abbey mortgage back in 2008. I disputed the amounts and said i wanted documents to support there claim and submitted a request to santander for all the information they had on the account santander wrote back saying they…
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NewBuy mortgage Post bankruptcy
I am not sure what the etiquette is, but I have a thread here 4172835(damn, I can't post links) it's in the Bankruptcy board, and the thread id is above. on the possibility of obtaining a NewBuy mortgage post bankruptcy. I would appreciate anyones comments.
