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Buying out ex...
Okay, so not sure if I'm in the wrong place. If I am, I apologise! So, about year ago, I split with my partner. I lived with my sister for 8 months, and now I'm renting. My ex and I "own" a 2 bedroom shared ownership property, mortgaged with Nationwide and the other half is owned by the council. From the start, I'd like to…
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Not on electoral roll
I moved in with my dad back in May this year and submitted documentation to my local authority to get myself on the electoral roll as i'm applying next week for a mortgage. I noticed that it wasn't reflected on my credit file, so contacted them in august to see when this would be done and they said iwas registered at my…
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Anyone with any experience of the "low cost housing" scheme (Section 106)
I'd be interested to hear people's opinions on this scheme. I recently registered with the local council and was actually at the stage of putting in an offer on a home when a mortgage advisor told me that very few mortgage lenders are actually willing to offer mortgages under this scheme. Very frustrating as the scheme is…
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Trying to keep house after divorce please help!
Hello, I am struggling to know how to proceed and could really do with some advice please. I am just going through a not very pleasant divorce, I have a six year old who has good contact with her father and we currently live in a small two bedroom semi in the village that my daughter goes to school in. The house has no…
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Insurance at exchange problems
Hi, I would be very appreciative of any advice anyone can give me as we don't appear to be able to get a straight answer from our mortgage company or solicitor! We have only ever exchanged and completed on the same day before so this issue has never come up but our mortgage company is telling us we absolutely must have…
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Put house back on Market?
Morning Buyers buyer had valuation done on our buyers house , last thursday , the last box to tick in the chain of 4 , everything waiting on this being offered (a company buying our buyers house apparently and the EA is dealing direct with Natwest on it) EA been chasing since last Friday for news from Natwest Here we are a…
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mortgage house sale question.
Hiya. Our buyer pulled out tues evening due to length of chain. We secured another buyer yesterday for 5k more. We have a mortgage in place for new property with nationwide. We are not bothered about using the 5k on mortgage happy to hold for building works so mortgage payments will stay same. Will we need to go thru…
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Pay down or keep the cash?
Hello every one I am in a very fortunate position to own my flat via a mortgage but I also have a lot of cash to spare. I estimate my flat is worth around £165,000 on which my mortgage is £113,000 = 68% LTV. My issue is that I have around £20,000 in cash to spare. I'm only going to use that money to get another mortgage in…
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Is a further advance only paid to a solicitor??
We have a mortgage from First Direct. I asked for a further advance today, with the intention of purchasing a buy to let property with it as deposit. They said they could do it but they need to have the mortgage offer from the buy to let mortgage company to release the monies to the solicitor on day of completion only. So…
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Difficulties with a buy-to-let remortgage - 2 flats on 1 title deed
I have an investment property which was converted from a shop+flat to 2 separate flats. It was all done with planning permission and the existing lender was notified at the time. I'm looking to remortgage and raise monies on the property but 2 separate brokers I spoke to (on an informal basis) said the 2 flats/1 title deed…
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Help!!!!!!
Hi, We have recently gone through a broker who arranged out mortgage with nationwide, the mortgage was agreed in principal but has now been declined. The mortgage was in a joint name of my wife and myself. My wife has poor credit rating but mine is good. We think it was her that it got it declined!! We have now put through…
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Mortgage, been on maternity leave & single applicant.
Hi everyone, This is my 1st thread (hopefully its a good start). Soooo its a tad complicated. I'm 26 and have been on mat leave for a year (been back at work 3 months). I've found a house made a n offer which has been accepted (73500). I'm buying alone (parter has terrible history). I've applied for a 90% ltv through a…
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First Direct Mortgage
We are First Time Buyers and had an offer accepted on a house on 12th August. There is no chain at either end. We have had to go through account security checks as our mortgage payments must come from a First Direct current account and we are new customers. We got a text today saying our mortgage is agreed subject to…
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Would a business loan impact on a self employed mortgage application?
Hi all, I have been a registered sole trader since 2010 prior to this we had a mortgage granted on an employee basis. Next year we are hoping to move from a flat into a house and I know that being granted a self employed mortgage (I'm main income provider) is going to be tricky. I have just been given the opportunity to…
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Help To Buy Phase 2 - predictions please!
Hi all, I was wondering if the mortgage experts out there have any feeling on: a) What sort of interest rate will lenders offer (based on 5% deposit and government guarantee of 15%) b) When we might see the deals appear? I'm aware that it is due to come in on January 1st and am looking ahead to next year! Thanks.
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Nationwide Mortgages - Full Offer Withdrawn Without Reason
We recently applied for a 90% ltv mortgage with Nationwide online. We obtained an agreement principle on 25th July and provided all requested document including statements linked to two buy to let properties. We received a FULL OFFER on 13th August. When I called on 28th August to confirm we were ready to proceed I was…
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Santander - underwrite criteria
I won't bore you with the whole story! I was just wondering whether anyone knows the criteria Santander underwriters use to assess your application. I've looked on their website and it doesn't appear to be anywhere. Basically, I may have to pay £1,600 (because of the LTV), but have been told that even if I pay this the…
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company take over before mortgage finalised
we have just been told our company is getting bought out. we are all getting kept on so no problems there but i'm in the final stages of the mortgage. was told we would be taken over in two weeks time. where do i stand in relation to informing the mortgage company and what will happen if i do/don't inform them many thanks
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First Time buyers and bad credit
Me and my partner have managed to save a 10% deposit for up to £130,000. We have found our dream house and are concerned about now applying for a mortgage as I have 6 months default on a credit card, though he has a squeaky clean credit history. I am in the process of disputing my deafults through the Financial Ombudsman…
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Barlcays Mortgage Deafult 19/11/2010
I went to get a Mortgage with Barclays but got declined because of a default £479 pounds on 19/10/2010.. its been settled but on my report now. Barclays criteria says that a default over 3 years old is ignored.. does this mean on the 19/11/2013 I can go for a mortgage?
