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affordable housing through the council
hi I hope someone can give me some advice or at least point me in the right direction! We have been offered a brand new home on a shared equity basis through the council. We will share ownership 50/50. Now I know Halifax will deal with these mortgages but does anyone else? I have no idea where to start as none of the…
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advice to brother
my brother has asked me my opinion and advice and im torn i dont know what to think. he has a two bedroom house, not in good state no water in kitchen has to use the bathroom to wash pots etc, damp in number of rooms.neighbours are a nightmare can never sleep as they noisey, they have rubbish all over the street. he works…
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Trying to get a mortgage!
I have been self employed for two years and recently tried to secure a mortgage. I was asked for a SA302 for the last two years,which I provided not realising that some of my income was from my rental properties I own and some of my other income was put through as a directors loan.So….I apparently did not have enough…
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Remortgage problem due to second charge on property.
I am currently in the process of remortgaging through a broker. 75% LTV, the mortgage amount is less than 3x my salary, about 2.1x joint, the affordability calculations are fine, and we have no other debt and no adverse credit history. The broker found us loads of deals and an agreement in principle was given. During the…
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Negotiating Equity Release - can you haggle for commission share?
Has anyone got experience of negotiating with an equity release advisor - given the level of various fees that they charge, to say nothing of the commission they earn from the provider? I am trying to help relatively elderly (late 70s, one is terminally ill with possibly a few years of life left) parents consider equity…
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Shared ownership, staircasing and stamp duty - advice needed please
I am looking to staircase up to 100% from my current 40% share but I have just found out that I could potentially save on stamp duty if I do it in two stages - 80% then 100% - as SDLT would then be payable only on the last 20% share. Is that really true? Would the cost of staircasing twice not outweigh / cancel out any…
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Paying off mortgage/remortgaging in future
I'd be grateful for a bit of advice. Our mortgage reverts to the SVR in a couple of months. We have enough savings to pay it off at that point, and this would make sense in the short term, since our savings are earning next to no interest. However, we intend to remortgage the house at some point in the next 5 years to…
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Mortgage equity after separation
Hi, was hoping for some advice/thoughts on my situation. I separated from my long term partner earlier this year. We bought a flat together about 6 years ago and have contributed equally to the mortgage so far. The flat is currently being rented out. I wanted everything to be as fair as possible, and first offered her the…
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HTB phase 2 and overdrafts
In the new year we're hoping to apply for one of the new phase 2 Help To Buy mortgages. I've been keeping a close eye on our finances for the last few years, including our credit reports. There's nothing bad (no late payments, defaults etc) on any of them. I know it means little, but Experian has us both at 999. We're…
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Question mortgage/ bank referrals related
I have a 45k mortgage with barclays but quite a lot on credit cards and we are struggling to keep up with payments. We have decided to consolidate our outstanding debt into the mortgage as additional borrowing Im half way through the application with an advisor and dont have phone appt with him until tuesday but needed…
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Halifax Mortgage
Hi I’m new to this forum so please bare with me. I am about to applyfor a first time buyers mortgage with Halifax for the 2nd time. I applied over six months ago and was declinedfor various reasons unknown. Both myself and mypartner earn good wages (joint income of c70k) and have a deposit of over 40k so15% or there…
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Mortgage whilst on a temp contract
Hi I was wondering if its possible to get a mortgage whilst on a temp contact, and what I would need? I work for a bank and earn just less than £25,000. Have been here for 4 months and should be here for atleast another few months hopefully. Will need approx 90-100k mortgage. Thanks
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Short credit history
I've recently returned to the UK after living overseas for 7 years, which also means I've just begun a new job. I'm looking for a place to buy and would be able to put down a deposit of 65% or more. However, the banks I've approached so far have insisted that I need a UK credit history of at least 2 years (a clean credit…
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Do I have any chance of a self-employed mortgage?
Basic situation: Will return to UK at end of year, have been out of the UK a looooong time, was back for 6 months last year during which time I had an accountant prepare my accounts for 2011/12 and have since done 2012/13 too. Seeing as I wasn't resident in the UK for 80% of those tax years (was in UK only last three…
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Scottish title deeds.
finished paying our mortgage last week and our title deeds came from the BS yesterday. The enclosed letter states that we need to take them to a solicitor to get "The standard security" removed as if we don't it could cause problems if we either die or want to sell. can anyone throw any light on what this means, cld I send…
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Proof of deposit AND stamp duty.. when?
I understand that obviously there needs to be proof of deposit. However, at which point does this happen? Does the bank need to see it when you apply for an agreement in principle? Or does it only happen once you have had an offer accepted and the full mortgage application is underway? Or somewhere in between? Similarly…
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Trackers - do all lenders have the clause that lets them put rates up?
Just reading about the Bank of Ireland complaints, after they increased the mortgage rate for people on base rate trackers, using a clause in the mortgage contract that lets them vary the rate outside of base rate movements. Do all trackers have this clause? We currently have an HSBC tracker and I don't know if we have…
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Proof of Deposit
How likely are a lender/ solicitor to check the source of funds for a deposit of £6250 ( 5%)?
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Mortgage agreement
Good morning everyone, I have a joint mortgage with my now ex husband. He walked out some years ago and I have been paying for mortgage on my own since. I have provided the mortgage company with his new address but they refuse to contact him as they say he hasn't provided them personally with his address. All letters are…
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Tracker or 10 year fix?
Agonising over this decision. Looking at a BoE base rate tracker, current rate 2.49%, or a ten year fix at 3.89%. Repayments with the tracker £1,100 vs £1,278 with the fix. Booking fee is £1k higher for the fix. Part of me says tracker because for the first couple of years that's another £178 per month we can overpay by…
