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Just got a mortgage - where to next?
Hi all, So I have a shared ownership mortgage (50%) and with house prices set to rise and me making great inroads into my debt reduction I called my bank today to discuss mortgage options to own 100% of my flat. Well they agreed to a mortgage - I have a decision in principle which if I accept once I get paperwork through…
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Mortgage declined with Coventry Building Society
Hi all, I'm after some advice if possible. I've accepted an offer on a property (mortgage in my name) and me and my wife have found a property we've had an offer accepted on. We're buying (hopefully!) at £173,000 and have a deposit of £28,000 which equates to an LTV of 83.32%, we've been dealing with a mortgage advisor at…
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changing interest only mortgage to repayment - with several debt problems
We have mortgage with Future mortgages as an interest only. However, we dont have anything else to pay this off so with the way things are now we should try to get onto a repayment mortgage. However, we have a secured loan, several bad defaults, a charge on the property from one of them, and we both have a bad credit…
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Staircasing to 100% and Searches
I have a shared ownership flat with 25% share purchased 4 years ago. I am in process to buy rest of shares in my flat. Do I need to pay for all the searches again? I have seen quote from my solicitor and he has included searches there?
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HSBC - Is it really impossible to get a mortgage?
So my wife and I are in the situation where we have had an offer accepted on a house. I would be keen to know the thoughts of people with the following scenario. I am not a first time buyer but wish to go with HSBC due to their outstanding rates on a 10% LTV. I have read all the posts on here which seem to indicate that…
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Mortgage after IVA
Hello all, First time poster here hoping to glean some advice from the experts/experienced:) Im just in the process of daring to think about the possibility of buying a house, but want to know how realistic this would be in my circumstances having previously been in an IVA. Stats as follows.. 20k deposit saved (so far) and…
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Putting My Partner on the Deeds
Hi there, I am currently remortgaging our house & am putting my partner on the deeds. This is our home. We have chosen to hold the property on trust for ourselves as joint tenants. Does this mean that any stamp duty would need to be paid? Are there any other implications that I need to be aware of before signing this over?…
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Re-mortgage with same lender: how does valuation work?
We're looking to take advantage of the good rates around at the moment having come out of our 2 year fix six months ago. As I've heard that sticking with an existing lender is more straightforward, this is probably our preferred option, but how does this work in terms of the valuation? I know a few people who have gone on…
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Long term advice please.
Hi, very new to the site, so much info on here, hope this is the right place? To keep it short, if I can :) . We are currently in a position in which we owe a lot of money with no real light at the end of the tunnel. We have had ill heath, redundancy, and poor money management over a period of time and we have had…
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Is this a purchase or remortgage?
OK, that sounds a slightly silly question as it should be obvious, but bear with me. If I have 100% control of a company which owns a property and want to transfer it to personal rather than company ownership, will lenders treat this as a purchase or remortgage? The difference between the two being that a remortgage…
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Another 'would we get a mortgage' post
We've been saving for our first house for a year now, and have 11k at the moment, with the plan to put 10% down on a house. I've fallen in love with a house. It went on Right Move yesterday (although no pics/info). We went to have a look yesterday from the outside. It's empty so we had a good nosey. It's up for sale for…
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Mortgage and secured loan problems
Hi All, Took secured loan of 40k a few years back. Mortgage stands at 72k,can pay mortgage back in time. Now the problem. Secured loan ends the same time as mortgage. Both are with NRAM, but would like to extend current mortgage by 6 months which will take me to my retirement date,the secured 40k will be paid off using…
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3 week valuation delay has seller worried
Hello all, Applied for a Nationwide Save To Buy mortgage on the 24th, and (after much chasing on my part) got the valuation with Countrywide booked. Only problem is, because of a recent surge in demand for valuations and the postcode of the property we want to buy, the earliest one we could get is on 19 June. The seller…
