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Mortgage retention super problems
Hi all, i will keep this brief, but i really really could do with some advice!! :( Mortgage from Nationwide, all fine with a 15% deposit. Valuation - retention of £7,500. House has no kitchen or bathroom (we were aware..... :D ) However, Nationwide will not do a retention as such. I don't understand, neither does our…
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Issue with acquiring mortgage for a part residential/part commercial property
I am looking to purchase a property which is a three-bed house with a small shop in the front two rooms. I currently run a retail business just down the road. I lease this and live in a flat above. Purchasing this new property would therefore by perfect for us and seems perfectly suited to a family in our situation.…
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No Mortgage poor credit
Hi, I'm in a position where i own my home outright...but have poor credit and need to take out a small loan. The house was left to me by my mum, so my name is on the deeds and i don't have any outstanding mortgage on the property. My credit history is poor but need to take out a small loan. The companies i have spoken to…
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mortgage advice - part share in inherited house
Hi all, hard to describe in title but thanks for any advice.a My mum and dad passed away in May and along with my 4 brothers we have inherited the property - which was already in our names. My daughter is looking to buy the house and I am happy to leave my share as deposit and she knows that this is a percentage ownership.…
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Santander self employed form help
I have just received a form from Santander asking for 3 years turnover/ gross & net profit before tax. I have 2 1/2 years accounts can I use the first 2 years then this years to date (as this years will show easily enough income now the business is established) or am I better doing just 2 and adding a cover letter…
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Best buy to let deals - Dont want to miss out on house
Hi I need to borrow 75K against a house that is up for sale for a steal at 125k which i would like to purchase, redecorate then rent out. Which lenders do you suggest speaking to?? Thanks Mark
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Is it worth doing?
My OH and I share a joint account so are financially link. He has had a mortage for 4 years. I've been paying money into our joint bank account towards this and other bills. We are hoping to remortage next year when we hopefully move. We have contacted his mortage provider to get my name put on the mortage thinking it will…
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Interest Only Mortgage Availablity
I can imagine some rolling their eyes, it's been raised often lately.... Basically I'd like to ask what the chances are of obtaining an interest only mortgage between 2 and 5 years from now based on the following; 1/ The repayment vehicle is already at the level needed to pay off the mortgage ie if I have £150,000 between…
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Unfair Default
Hi, Please can someone help me. I took a loan out in 2006, unfortunately lost my job & missed payments. Understandably a default was placed on my credit report for 6 yrs. I consulted a debt management company to help ( bad move ) so since November 2006 I have not missed a payment. In June of this year I had saved some…
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Is this possible, new mortgage with existing lender but no deposit?
I have a very quick question for you regarding a new mortgage with an existing lender and I wondered if you would be so kind as to let me know if it is possible or not? Although I am sure it must be a no. Do mortgage companies allow people to move home (therefore clearing existing mortgage) but borrow more on the new…
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Comparing two 5 year fixed deals
Hi, This is my first post, I'm trying to compare 2 mortgages for a flat I am looking to buy and any help with the decision would be appreciated! Both are for a £205,000 property, £70,000 deposit for 25years. * Nationwide (through L&C), 3.29% fixed +1.5% to rent, monthly repayment £662, upfront fees £389, incorporated…
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Made an offer - now what?
Hi hope someone can help my son, he has had an offer accepted on a property. He has a mortgage in priniciple, should he continue with the mortgage application i.e. arrange surveys etc even though the vendors have not found a property yet? he is worried about additional costs should they not find anywhere and pull out. Also…
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mortgage application
i have 3 children who dont live with me r they classed as dependants on mortgage app
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Elderly Mortgage Advice
I am 65 and my husband is 72. We have lived in our home for 35 years and the mortgagehas always been with the Woolwich and paid on time. We re-mortgaged 20 years ago to build an extension for our growing family, and wehad always planned that by now we would of paid it off or had saved enough toclear the debt. But with…
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Help: 26 with an IVA and awaiting repossession
Hi everyone, I am new to the forums so apologise if this is in the wrong place. I recently entered into an IVA which included a potential shortfall following the sale of my property after reposession (approx 10k). I called my mortgage lender after reciving the repo forms but they say they have no record of my IVA. I am now…
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Saving with bank help with new Mortgage?
Hi, Currently paying off mortgage on a flat, looking to start a new savings account for me and the missus for a deposit on a house when we look to move in the next year or two. Simple question: does it help saving with a particular bank to get a mortgage with them? Or should I just go to the savings account with the…
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Help Needed - Home owner loan
Hi really need your help. Me and my Husband have approx 60k equity in our house, we are wanting to take a home owner loan out for approx 10k. The problem is I took a loan out for my Sister a few years back it is being paid every month and she not missed a payment etc, but my Husband does not know I've done this. Do I need…
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Help/Advice please - Small Business Owner
Guys I am need of some help. My partner (not married) and I are separating after 17 years. The mortgage has always been in her name as our long term plan was for myself to buy another house but this never materialised. We have agreed a 50/50 equity split. The plan is that I take over the house to give the children a little…
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Unuaual mortgage situation - let to buy
I am in a slightly unusual situation with my mortgage. I have a lifetime tracker with HSBC and owe 130k on a house valued at 190k, Rate is 2.5% currently. We are looking to upsize to a new house valued at 350k. HSBC will port my existing 130k debt across and lend me an additional 180k at 4.8% giving me a total motgage of…
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Declined for mortgage earlier this year - should we try again?
Please be gentle for my first post :o In January my husband and I applied to extend our current mortgage from £155k to £170k with a view to putting an extension on our house. Our lender, Santander, turned us down but not before getting us to renew our existing mortgage with them and tying us into a 2 yr deal with a £4.5k…
