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Secured to unsecured
Hi, New to the forum but in need of some advice. In 2004 we bought our home with the then Northern Rock and via a financial advisor he gave us various options but pushed the 100% mortgage saying we could use our deposit for other things... to us (20 yrs old at the time) this was too good to be true and we took it on !!!…
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Overpayment query
Hello all, First time poster, long time lurker. I'm hoping someone can provide advice on overpayments to a mortgage. I was wondering in choosing a 5 year fixed term mortgage, what would be more cost effective; 1) having the option to overpay 10% of the remaining loan fee free each year, or 2) paying off a lump sum after…
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extra job to increase borrowing amount
Hi, I've recently been declined a mortgage for reasons of affordability. If I were to get an extra part time job, and then once I was in the house decided I could afford the mortgage without it and quit it, would that be ok? I will also be renting out two rooms in the house so I'm not too worried about being out of pocket.…
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Mortgage Application - Is it normally this hard?
Myself and my partner want to buy a new home. I am 45 and she is 37. We've both been fully employed since Uni. We got together many years ago. My partner had her own flat. My small house was mortgage free ( due to following advice in this site). We kept the flat, rented it out and put some of our savings into the property.…
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Buy to let mortgage - renting to family member
I've been looking for a buy-to-let mortgage provider who will allow you to rent to a family member, but it's explicitly prohibited by all mainstream lenders that I have approached so far. Has anyone found a provider who will do this? I wonder how many people don't check or tell their mortgage provider, but I want to do it…
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Barn conversion & CML requirements
Hi, I hope someone can help me as I am trying to buy a converted barn and coming up against differing opinions from both my solicitor and the vendor's solicitor on the necessary guarantee/certification. From everything I have read ( and from what my solicitor says) the vendor of the barn should be able to provide a CML…
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Advice for a New buyer
Hi good people. I'm currently looking at buying my first ever property. Nothing fancy. Just a 2 bedroom (house hopefully, if not then flat). I just wanted some advice really. I have a very poor credit rating (checked on experian). I have a few defaults but everything I currently owe I am paying off. In the last year I have…
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HSBC application for Share ownership
Hello, I am in the process or purchasing a flat, with the share ownership scheme and I have a few questions. Hope you guys can help. I’ve received the offer from the HA on 15th October and the MOS thefollowing day. The document mentions that the completion date is on 20thDecember. I have had a IAP from HSBC (they offer the…
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HTB (new build) Backlog?
Hi all, I wonder if any FA's can help with any info or inside know-how they have. We are waiting to exchange on a new build using HTB - in fact we've been waiting for around 3 weeks now (everything is in place and waiting to go our end). Our solicitor tells us that HTB has a backlog. I think we are waiting on the Authority…
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Name Removal from Mortgage
Hi. I divorced from my x wife 3 years ago and left her with the house because we have 2 children and the house is in negative equity with loans secured against the property in both names separately. I want to know what happens if once I cleared all the loans in my name attached to the house, how I go about removing my…
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80/20 mortgage deals
we took out a deal 3 years ago thinking we could get a further advance for the 20% that we didn't own. We are now told that we cannot get a mortgage loan for this 20%. We have to pay it in one cash lump sum if we want to buy this remaining 20%. Is there any other way possible around this problem.
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Zero Hour Contract and getting a Mortgage!
Hi All A little advice please. I have been working for the same company for 6 years. I work almost full time hours there but it in two difference roles both of which are 'zero hour contracts' so there are no confirmed amount of hours. Most months my hours are the same due to being on a monthly rota however it sometimes…
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Mortgage in probation period
Hi My wife and I are looking to secure a 95% mortgage, either with help to buy or a 95% lender such as Leeds BS - as long as we dont not go over the 5.19% rate or £900 pcm whichever is greater. Problem being is we are both in probation periods in our jobs and will be until Feb next year. We have found a house we like and…
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Transfering 2nd property to daughter
Hi all. I am 58 and mywife is 54 we are both retired my wife through ill health and I am a full time carer. WE have two homes. The one we live in which has an outstanding morgage which our daughter pays us and will be finished in 6 years time.Our daugher lives with her partner in our other home. Once the morgage is…
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Regulated Buy To Let Mortgages
Hi Can anyone tell me which lenders currently offer regulated buy to let mortgages, please. Many thanks
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Adverse credit mortages NI
Hi, been reading these forums for a while but hope you guys can answer a question for me (at least one anyway!). Are any of you aware of an adverse credit lender who will consider mortgages in Northern Ireland? I've called round a few for information (such as precise) and they do not operate here. I'm in a reasonably…
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Banks Mortgage Intermediary Websites and the criteria information
Maybe a bit of clarity for those in the know. I always see a lot of questions regarding different bank criteria when looking at mortgages. The credit part is difficult and is obviously not advertised but there seems to be a lot of information for those looking for it. Listed Halifax one below but most banks have one if you…
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Deed Of Trust
We need to decide how we own our future home. Ideally I like the look of joint tenants, as if one person was to die, the other would get to retain the deceased's share. But one of us is putting in more money than the other one, so if we were to split up (unmarried at present) how would each person get their fair share back…
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First Time Buyer - Small Default
Evening All, I'm looking at buying my own place using the new first time buyers mortgage scheme, as my credit file has recently got into good shape with one exception of a default of £390 from British Gas over a disputed bill 4 years ago. How much of an issue is this going to cause me? I'm planning to have my credit card…
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New mortgage hunter
Hello, New to posting after reading for many years, I'm looking at buying my first home, I'm 30 years old earning, before allowances and extras 32 grand a year take home, I have never been overdraw, had a loan or missed any payments, but have built my credit rating using internet and phone contracts paid monthly, as well…
