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Advice please re offer in principle
I currently have a nationwide mortgage solely in my name and me and my partner have just reserved a new build house and going to be exchanging on the 7th December 2012. I have had no credit problems in the past and our new mortgage will be 85% LTV. My partner decided to do an online credit check and it came back with an…
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Mortgage wants in joint names. how can we do that ?
Hi All, I recently applied mortgage via Nationwide and I have been married for 2.5 years. I couldn't put my OH's name as she was not here for last 3 years. Ideally I would like to add her name and is there any possibility I can do that once we get our mortgage approved. Any help would appreciate
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Mortgage on property inherited
I want to buy my brother out of his share of a house we both inherited. The house is mortgage free. At the moment the property is rented to tenants and I also owe a second house with my wife. Do I therefore have to take out a buy to let and if so will the rate be much higher than if I lived in it or used it as a second…
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If a default is settled within 4 weeks....
Does anyone know if a default is settled within 4 weeks should this still show up on a credit report? I had a default which was settled within two weeks, it is showing on my credit report but today I was advised by a mortgage broker as long as the default was settled within 4 weeks it shouldn't really show on the credit…
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Right to Buy Mortgage with Defaults on my credit file. is it possible?
I have the right to buy my council flat in Scotland . Because i have lived there for over 15 yrs i am entitled to a 70% discount.. i have just taken an £8500 loan to clear some rent an council tax to allow me to buy my property. At the start of the month BT added 2 defaults to my file...one is for an old account defaulted…
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Credit card used for expenses - effect on application?
I don't have any real credit card debt, or any unsecured debt, so thinking this would all be great for my mortgage application when I move. I do have a credit card that I use for work expenses though that adds up to about £500-1000 a month that I clear when I get paid. The problem is that often because of the lag in…
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Re-mortgage for debt consolidation
I am wanting to remortgage and take out some additional borrowing to clear some credit card debt. The additional borrowing will take me over 75%LTV which I understand is the maximum many lenders will go to for debt consolidation. My current lender (Santander) will not help so I am willing to remortgage if I can find…
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Mortgage for unemployed/disabled?Buying Council Home..
My friend is unemployed and unable to work due to his disability..He would like to purchase his council home via right to buy? His credit file has no defaults,pretty much average. He is hoping his home is offered to him at roughly 65,000? Realistically what are the chances of him getting a mortgage?Would it be unlikely due…
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Is it possible to have 2 x BTL mortgages on one property?
I am looking to rent out my flat. I currently have a small residential mortgage (about 30% LTV) with C&G at a very good 2.5% SVR, which I am reluctant to lose. I plan to apply for consent to let from C&G which hopefully will cost me just an admin fee. I would then like to release some equity in the flat by getting a second…
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Mortgage payments after divorce
My partners estranged wife has just taken on a large mortgage which she cannot afford. The mortgage is in her name only but will my partner be liable for any of the mortgage when they get divorced?
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taking out mortgage on inherited property
I have inherited a house worth approx 250k which i currenlty let out for 1200 per month which is mortgage free. the property i live in at the moment has a mortgage of £134k and is worth about 145k. I have £6k of mortgage arrears on top of the actual mortage balance. Is it possible to take out a £30k mortgage against the…
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Buying a house for the kids
Quick question ... I currently owe about £3k on my mortgage. A property near me has come up for sale at about 65% of the current market value and I'd like to buy it with a view to letting my kids live there. Is it best to go for a brand new mortgage on the new house or borrow against my current property? Either way, I'd…
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Bad credit mortgage at reduced purchase price
My parents want to sell us their house at a reduced purchase price. It is valued at £240k. Ideally I would like to get a 150k mortgage, giving £140k to my parents, and keeping £10k to pay off a few other debts etc. The problem is, I have poor credit. I am in a DMP, although I have no CCJs or bankruptcy. What are the…
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Vendor gifted deposit
I am purchasing a new Build flat , I have 15% deposit and the builder is paying another 5% . Value total£175995 . HSBC are asking for some sort of certificate as proof and both the builder and the solicitor say they have never heard of this . Anyone ever had to do this? My solicitor will have a letter from the builder and…
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25k mortgage for a 30k property
I'm looking about buying a nice 1 bedroom investment property for 30k. This will be the first property of many, hopefully. I would hope to buy another property within another year too. My plan therefore is to get a 25k mortgage (or something around that figure) and pay it off as soon as possible - between 3-5 years. I'm…
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Mortgage offer end date LOOMS - HELP!!
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ERC - remortgaging -help please
Hi I currently have a property which I purchased in my own name in April 2007 at £187500. I paid cash for the majority and obtained a 10 year fixed rate at 4.95% with YBS, currently owe approx 41000 and pay £827 pcm Just bought some land and building a house with family members, we are pooling our money so have available…
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Fraud accusations
I'm posting this on behalf of my friend and therefore may not have all the details. She is buying a flat in greater London. The flat was on the market for £285K and she had an offer accepted for £265K. Her own survey and the mortgage survey came in at £285K. She applied for a mortgage for £230k with the rest being her…
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Reasons to delay???
Hi All, We have just had an offer accepted on a property the only problem is we're unable to submit our mortgage application for 1 month due to previous financial issues. Does anyone have any advice regarding how we can delay the process until we're able to submit the mortgage application? Thanks Mike
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Should I rent or can I Buy
Hi, first time poster here. Just after a few opinions really. As I am really struggling with what to do. I earn £16,000 (self employed) and my partner earns £11,500 (employed) We have saved a deposit of £35,000 so far. Now the dilema is. Our current rent it £425 a month so we can stay here and easily keep saving money. But…
