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electoral roll problem
my daughter and her boyfriend moved into a flat a few months ago renting it to begin with - when the forms came through to go on the electoral roll they filled them in straight away as they knew that it was important for when they wanted to get a mortgage, they are hoping to start applying for a mortgage before the end of…
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Cant Get Mortgage Due to Debt
Help please i need to understand, i have recently sold my house, and put an offer on another, i have started the process of looking for the best mortgage through a whole of market broker, i have disappointingly been refused a mortgage by not one but two lenders, i am now concerned of two searches on my file, The broker…
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Joint mortgage - options
Hi Wonder if anyone can advise? My partner and I are moving house to a bigger property. Our problem is that he is 13 years older than me. The bank has said that they will only run a mortgage till he is 65 ( only 8 years away). We can do it but will be very tight. Does anyone know, is it possible for us to have separate…
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Need some re-mortgage advice (first timer)
Hi Guys. I wonder if someone with similar experience can help me with this? I have a mortgage with Skipton, which we have had for 7.5 years. We are currently on the SVR which is 4.95%. I want to secure a new, better rate. This is the first time I have ever remortgaged. My first port of call was to check with Skipton to see…
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Firebird Finance or Hallmark Finance
Have you been caught up in an Advanced Fee finance fraud with either firebird finance or hallmark finance? if you would like to try and get your money back and convict this crooks please contact craigrutherford@mac.com
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mortgage application old defaults
Hi all, Newbie here ! I'm 42 self employed and wondereing what the chances are of getting accepted for a mortgage. I earn 50000 net and my wife is employed on 25000 and we have 45000 in savings. We both have good to excellent credit scores, not that that means anything ! However in 2004 I got messed up with HSBC leading to…
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What happens now?
As a FTB I really am truly clueless about the buying process so this is probably a really stupid question! The solicitor has our mortgage instructions from the back and has had the contract and title deeds for the property for about two weeks now. Valuation has come back ok and my OH and I have handed in forms for life…
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Mortgages - Gift Procedure
Hi All I’m in the throes of purchasing a property and have a query about deposits. I had about 90% of the deposit in my name, but needed my father to give me the final 10% to allow for the stamp duty etc. As such, he sent me the required amount but my solicitors are now being very picky about declaring this as a gift for…
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Document check List after buying a house
Hi, I will get my dream home keys next week. It took more than 4 months to exchange the contracts because of my solicitor's professional negligent. He does not give me any info about the property and documents. So, can any one help me with document list which I have to get from solicitor/mortgage lender after completion? I…
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broker appt tonight
i have appt tonight to discuss my remortgage options, however this is my first house and i am unsure of the process how it works and what i should be asking. my current mortgage is down to 91k, the estate agents valued my house at 128k, however the bank think its only worth 102k the reason i am remortgaging is to lower my…
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Which lenders should I look at?
Hi all My wife and I are looking to move house. We owe £70k on our ~£220k house so I hope to bring a deposit of around £150k out of it. The house we're looking at is on the market for £384k, so if I can get it for, say, £380k, we need to borrow £230k. We have sufficient savings to deal with stamp duty, etc. Making the…
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Mortgage overpayments
I've just started overpaying on our new mortgage which was taken out when we moved in June. I've recently discovered that I can now see the mortgage details on line which is a new feature from my bank. When I make an over payment, it would appear some is going off the capital and some off the interest. Is this the best…
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Taking over a mortgage
I currently live in a property mortgaged by my in-laws. My partner and I pay rent with is equal to the mortgage repayments of 800 a month. With my in-laws getting on in age the mortgage repayments were set high due to them not having many working years left. My question is a simple one is it possible to take over the…
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Nationwide Save to Buy Advice
Hi All I have a question about Nationwide Save to Buy. OH and I are applying for a £237K mortgage with a 5% deposit with the Nationwide Save to buy scheme on Saturday. We already have a DIP from them. At the time, I asked if we get credit checked again when we do the full application and was told we dont, as they have done…
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Re-mortgage options
Guys Just need small clarification. We would like to re-mortgage our property which is currently on rent with lenders consent. We only have 7K left and can pay off now if required. We would like to re mortgage the house to get some cash which we need to renovate/extend our current house. We unsure what would be best option…
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20% or 25% deposit - mortgage co preference?
My basic question is: do mortgage companies look preferably on people who have a bigger deposit? We have had an offer accepted on the house we currently rent (that's a whole different thread!) of £275,000 and have the £68,750 necessary to give us a 25% deposit. L&C say that the remaining amount is "affordable" for mortgage…
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Help - moving home with interest only mortgage
Hi, I could really do with some advice please. I am in the process of buying a new house. I currently have 2 mortgages on my current house - part is interest-only and part is capital repayment. I have agreed the sale of my house for around £200k. We'll be putting all the money back into the new property, and only £45k of…
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Help to buy affordable income multiple
Hi Can someone please help me understand the HTB affordability I'm based in Scotland...when I read up I'm confused with this "You cannot choose to take a lower mortgage if your affordable income multiple suggests that you can afford and maintain a higher one. This is because the Scottish Government wishes to assist you by…
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8 weeks after remortgage settled-we owe £1500!!!
We recently remortgaged from Halifax to Post Office with no issues- or so we thought!! We were on a high rate and went down to a lower one and we used the opportunity to keep our payments the same but get over than what we needed (about 7k) to do some big changes on the house. We told the BOI that we had a secured loan on…
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Can we get a new mortgage and move?
Hi all, I need a bit of advice, I bought my house a few years ago on 110% or something mortgage (I wish I hadn't but there you go!) and am wondering whether I have any hope right now if I wanted to get a new mortgage and move. State of play is as follows Mortgage value: £168k Unsecured loan value: £16k Credit card debt:…
