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Financial Association - Will this be a problem?
Hi, My partner and I are not married but have two kids, this time last year we went for a mortgage and despite being upfront regarding some debt my partner had we were offered a DIP and to cut a long story short - got an offer accepted but the mortgage offer was refused based on my parters debt. At the time we tried for it…
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Selling and buying mortgage help
Hiya everyone, I am after a bit of advice here. I have a property, purchased about a year and a half ago with a 15% deposit. My circumstances have changed and i am considering moving to another town with a view of buying a similar priced property. My deposit is tied up in the house i currently own and was wondering if its…
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Contractor mortgage with a guarantor
This is a bit of a unique situation so just wondering what the likelihood would be of me being able to get a mortgage with my mum as a guarantor. Here are some facts on my personal circumstances: I'm 24 but have a poor credit rating, I earn 50k a year as a banking contractor and will have about 20k saved up. My mum…
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Remortgage advice needed
Hey Next year I remortgage the 70000 mortgage I have . My income including regular overtime / shift allowance is about 23000. Last year I helped a family member with some debt problems by getting a 15000 loan in my name. The only debt I have is my mortgage and my credit rating is good. They pay me and I pay the loan. I'm…
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Santander/Abbey National endowment shortfall
Hi guys, Apologies if this is a bit long-winded, but I'll try and explain myself as clearly as possible! Mum and dad took out an endowment mortgage with the Abbey National many years ago, and both the mortgage and endowment are to mature next year, the latter with a shortfall. Complaints about mis-selling were made to the…
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Shared Equity advice
Hi, was looking for some HELPFUL advice on a situation: We owe 25% of the current market value of our house to our housebuilder which currently equates to (£80000 = £20000). At that price we wouldn't be able to settle until the 10 year period is over. We would like to settle now to help us move on to our next house but…
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Recommend me a full market broker
I'm looking for some recommendations on all of the market brokers, anyone who's used one successfully please can you tell me their MSE names or their website so i can read up on them. Thanks :beer:
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AVIVA playing fast and loose with endowments!
After many years as an NU/Aviva customer I have come to the conclusion that we customers are being strung along with misleading and inaccurate financial information regarding our policies. These policies represent very significant individual investments made over very long periods of time and I feel that our interests are…
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Mortgage Repayments - How should we do it?
Hi MSE'ers, Next year we really need to start paying money towards out mortgage, we are currently interest only and have been for 6 years. Is it best to arrange a new fixed-rate (Currently variable) with the provider or we thought out saving money in an ISA or savings account and pay a lump sum every year once interest has…
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Obtaining a second mortgage on a new property whilst retaining my current property
Hi I currently have a sole mortgage on the property I live in - with an equity of around 35%. I would like to look a retaining this property as mine, but let it out, whilst purchasing another property (and mortgage) with my partner in joint names - is this possible? My partner does not have any other property. How does it…
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Joint mortgage with Father - Capital Tax Gains
Hi All, Just a brief background for you, me and my partner are looking at getting a house. Unfortunately she has a couple of Defaults on her credit report which is stopping us getting a joint mortgage (we have been to a mortgage advisor and still no joy). Now this was prior to her becoming a teacher, so she had a few…
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Power of attorney (LPA) Mortgage ending
Hello, Please help if you can -I have a fairly difficult situation which is causing me no end of worry and I wondered if anyone had any advice? My poor Dad suffers from dementia and although we struggled on at home for as long as we could, he has now gone in to permanent care. We now need to sell his house to pay for this.…
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negative equity - consent to let
Having taken a new job, I left my old property and moved to a new city where I have rented a property. I have rented my property out, and hadn't previously thought to advise my mortgage company. Now I realise that I need a 'buy to let' mortgage, or at least a consent to let from the mortgage company, is this correct? The…
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Completion Question
Hi All, This may be a silly question so apologies if so, I am due to complete on Thursday 31st on a new build, mortgage funds are being released to solicitor tomorrow (30th). I went to the bank today to inform them of my address change and told them I will be moving in on the 31st however they have made the change…
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Mortgage offer that lasts for a year
Hi, Me and my wife currently live in a flat with a mortgage on it which has about 110,000 worth of equity in it. Now we have seen a house we like which is off plan and won't be complete till about September next year. Now my plan is to keep the flat and rent it out with a consent to rent from the mortgage company and use…
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Need to raise equity
We need to move fast to reduce 3 hr commute and also get away from a not so good school. The only way we can think of doing this is by taking a buy to let mortgage to raise equity and then taking a residential mortgage on the new property. We are not convinced to rent our current home as we've seen how houses have been…
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Mortgage trouble - sole trader
Hello, I was after a bit of advice and would be so grateful for any thoughts. I am self employed and am looking at getting a mortgage of £275k (new property is worth £425k). I have £150k equity from my current property but have been turned down for the full £275k from HSBC (they only offered £240k). They have been…
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Yorkshire Bank - Is this the best 95% mortgage deal out there?
I was initially applying with RBS... but this deal looks better?!? Its 1 year longer fixed than Natwest and RBS, plus free valuation (RBS charges ~£250) and £250 cache back on completion. 3 Year Fixed Mortgage 4.99% 95% LTV £0 FEE Free valuation £250 Cash Back on completion…
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Mortgage submission stopped over £19 VODAFONE payment 😞 help! - NOW SORTED!!
Hi Guys. I have been to RBS to start the ball rolling with my mortgage (first time buyer) and took all requested docs etc... I have the deposit, i meet the requirements and i took everything they asked for. The advisor was happy with all my decisions and all was going well until the computer stopped the submission due to…
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Advice needed
Won't be asking for any help on here again, considering I've been personally attacked.
