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Buying property from Parents
Can three people take one mortgage out? We want to buy our parents house to release equity but they still live in the property?
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FTB or BTL?
Daughter rents a lovely little house, right across the street from a major hospital. The LL has given notice that he intends to sell it next year when her tenancy is up. I've had the worst financial year of my life having had the rug pulled from beneath my feet, surviving in a huge house with bills to match on £142 pw due…
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Another house as security?
Hope someone can help me with a bit of advice. My husband and I own a house with all mortgage paid off. We have recently moved to anothert part of the country and want to buy a house here for roughly the same amount of money as the 1st house is worth but don't really want to have to sell that one as our son is living in it…
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Gifted deposit letters...
Sorry if this is silly question, Halifax mortgage offer has comd through, but they've not asked for letters from family who are gifting with the deposit. Is this normal? Our solicitor however has asked for details of where deposit is coming from so they can write to them. I guess this is to rule out money laundering? But…
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Mortgage and Credit Report
so me and my partner got married a few months ago and we are looking to buy a house. We obviously need to save a deposit so we have agreed that he pay the rent for the next 6 months / year while all my money goes to saving a deposit. Great..... But Ive just signed up to Check my File . com just to see what my credit…
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Joint Mortgage - if we break up?
Hi, I am currently attempting to purchase a house through the shared ownership scheme. After my financial interview I was told that I have enough in savings but my Income-Mortgage ratio is too high and so I would need to do a joint application to proceed. My question is, if me and my partner were to take out a joint…
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Halifax Credit Checks...
Halifax have given me a mortgage, but I have just looked on my experian and i can see that i have a negative point on there due to the number of credit checks they have done! they did two that say first mortgage, and then a 3rd that quotes the amount that they have lent me... cant i complain about the number of credit…
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Intelligent Finance mortgage question
Hi, We currently have a mortgage with the above, I have a couple of questions that I wondered if anyone on here has an experience of. What are the chances of persuading IF to allow us to rent the property out on the existing deal? We've built up a substantial reserve that's showing when you login to the account, due to…
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Mortgage renewal question - credit checked?
Apologies if this is covered but I couldnt find it if it is.... Just a quickie I'm sure... My 5 year mortage deal is coming to an end and its going to drop on the Halifaxs flexible rate - thats ok as it is lower then my fixed rate was. However I'm sure that won't last forever and I like a little long term security in that…
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credit check query
My son has been living, working (self employed) and renting in London for four years during which time he has kept his address for bank accounts and credit card at home address because of regular moves and shared postboxes in flats. He is now in position to apply for mortgage and informal discussion with bank is positive.…
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What can be called Chattels? (To reduce stamp duty)
I've got the basics ie carpets pot plants and their pots/tubs freestanding furniture Curtains/poles Light Shades/fittings (as long as they're not recessed) Freestanding cooker / white goods Does anyone know where I can find a detailed list of things that qualify? I'm wondering if any of these qualify, for example:…
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Two houses on one mortgage?
My partner and I own a house which is currently bring let on a lease to let mortgage. We have about 30 percent equity in the house (40k). We live on a boat but We have found a house we want to buy to move into. We can find another 20k to add to the equity on the other house to give a total of 60k. If we have a combined…
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New mortgage - FTB credit check
Hi, I've got my deposit, I've got Nottingham property services to do agree in principle my mortgage, but now need to find our new home!:T In the meantime I thought I would check my credit rating, after not having any bad arrears or missed payments, and a recent agreement for finance car with a very low APR. Logging into…
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Re-mortgage whilst on Debt management plan
Hi all, We started our DMP in May and its going as well as can be expected. Our mortgage us due to come off fixed rate in February and I wondered what the likelihood is for us to look for another fixed rate mortgage or even look to move provider for a better deal. I would prefer fixed rate so we know how much is coming out…
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Can I get a mortgage
I have found an apartment and under the new buy or first buy. Price £80,000 Goverment/builder Loan £16000 Depoist £10,000 £54000 mortgage wanted over 35 years I earn £12700 Monthly payments of £450 for Loan/CC Plan 2 - My mum have said she will put her name oon the mortgage too, I havent said to her about money that I owe.…
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Possible to receive cashback on Nationwide's 5yr tracker mortgage ?
Planning on taking advantage of Nationwide's 5 yr tracker 3.39% mortgage promotion currently advertised on their website. Do any DIY brokers offer any moneyback/cashback if I applied for this promotion through them ? Cheers
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Remortgage Best Deal
Hi, I'm new to this site. I need help for remortgage. My property value is £270,000 and I need a five year fix rate for £153,000 over 12year and I'would like to release equity of £30.000 for 5year term. Where can I get the best deal? Fee Free if posible. HSBC are offering 3.49%. Fee 499+valuation.
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Mortgage Promise and +6 year old debt
Hi, 1st post on here and looking for some advice. I recently applied for a mortgage in principle through a broker and he managed to obtain a mortgage promise from Bank of Scotland for £196k based on me taking shared equity on a new build and having a 5% deposit. I've since seen a property with 85/15 shared equity split…
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House deeds/documents
I have a mortgage with Santander, a few days ago they sent all the deeds and documents relating to my property back to us and said that legally they no longer need to be held by the bank. I was completely shocked at this, they were returned through normal 1st class post with no signature required. So I suppose my query is…
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Help - want to move
Hope someone can help please - we want to move home, currently have outstanding mortgage of £22 000. Require a new mortgage of £57 000 as we can put down £162 000, over 12 years. Not too good credit history, I have default back to October 2006, but settled in full December 2006 for £5 200. Also have 2 missed mortgage…
