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solicitors refusing to exchange and complete
Hi there, our solicitor is now refusing to do an exchange and complete after 2 failed attempts, he called for the mortgage money twice, but our buyers have let us down again, friday we packed the van and was ready to go, then we got a phone call saying that the buyers had not tranfered all the funds, so our mortage money…
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newbie help with woolwich
Hi guys. I hope someone can advise. Applied for a mortgage with Woolwich borrowing just over 50% (160k) all seems to be going OK, I have checked their tracker and it states valuation was accepted on the 3rd of Dec. The problem is I have heard nothing since, I have spoken (emailed) my broker L&C and they just say they are…
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Woolwich/Barclays - it's like pulling teeth!
We're buying a new flat, and as our current mortgage is fixed till the end of July 2014, we have to port our existing product to avoid a c. £5k ERC as well as apply for new top-up funding. I can't believe how hard it is! I initially chose to do it all over the phone as I thought it would be quicker. That was a seriously…
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Best plan for staircasing?
Hi I bought 40% of a shared ownership flat in October this year (£62k - full price £155k), and paid a 15% deposit. I am not sure whether to overpay on my mortgage in order to work towards buying further shares, or just put the money in a savings account. I can only save about £80-100pm at the moment. I can buy up to 100%…
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Clydesdale Mortgage
Hi. We're in the process of buying a repo so need to exchange contracts quickly. We're keeping our existing house and renting it out. The Santander residential mortgage will be paid off, a Clydesdale BTL 75% IO mortgage taken out. The resulting equity release will go towards the repo, along with a Halifax mortgage. The…
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Remortgage with debt arrears (not mortgage)
Hi, My fixed rate deal comes to an end on 31 March 2014, so in the normal course of things I would start looking to for a new deal. However, 2013 has been a disaster for me, and with agreement from lenders, I am in arrears with my credit card (DH out of work meaning my salary is supporting our family and bills etc). They…
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What are the implications?
Is this possible? My partner purchased a property in 2011, and the mortgage is just in his name only. However, we have since got married and we have kept the mortgage just in his name. We both live in this property. I have a property (just in my name) of which I rent out, there is a current BTL mortgage on the property. Is…
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Funding for Lending effect mortgage?
Hi I have a mortgage at the underwriting stage with Natwest for a buy to let, the survey was done last week. Will the scrapping of this scheme have an effect on the decision ? thanks
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Self employed - what do I need to apply for a mortgage?
Self employed - what do I need to apply for a mortgage?
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Joint Mortgage With Bad Credit
Hi, I'm looking for some advice. Me and my partner are looking at buying a home. He has a deposit of £20k, earns £26k a year and has an excellent credit rating with no debt. I earn £28k and have a settled default with a value of £1300 from Sept 2008. I also have a car loan which finishes in February 2016, paying £305 per…
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Secured Loan Shortfall
Does anyone have any experience/useful advice in relation to dealing with Paragon Finance when you have a shortfall when your property is sold? I'm extremely nervous about this company. The internet offers plenty of worrying cases of really quite outrageous and excessive interest charges being applied. Paragon have…
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First time buyer mortgage question...
Hi, I'm a first time buyer and looking for a mortgage. I have my eye on a house for £100k. I have a deposit of about 60k, and would like to borrow £40k over 5 or 10 years. Would my best bet be to find a reputable broker? Thanks.
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Transferring mortgage
Hi, I am not too sure if I will explain things correctly so please be patient if I wander off topic a bit. I live with my mum in her house, my dad and mum bought their council house on the right to buy scheme in 2007, my ex husband stood as guarantor as both my parents were retired. Dad has since died and so house is…
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Remortgaging
We're in the middle of remortgaging our house. Our current deal expires the end of Jan and our new one is due to start 3rd of Feb. Can anyone tell me what happens in-between? Thanks
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Shared ownership & adverse credit
My partner and I would like buy our own place sometime soon, I know will have to speak to a broker eventually but would just like some intelligent advice in case we are wasting our time. Our joint income is £50k, but he is in a DMP and I have 2 defaults in the last two years plus small payday loans on my file (£50/£100 all…
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Adding daughter to mortgage or Selling property to daughter
I’m a 60 something year old widowed retired nurse who stopped working three years ago due medical problems. For the first two and a half years after I stopped working my daughter was making the monthly payments for the mortgage of my house and paying for my upkeep (food, utility bills etc), as well as paying her own…
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which rate?
I have a query and wondered if anyone could help! We currently owe £97,300 and are coming to the end of our fixed term.! We have 2 different rates to consider and wondered if someone could advise which one is the best option for us: first option:! 2.65% with £999 added on, paying £549 a month second option: 3.05% with no…
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valuation for buy to let mortgage
When you get a buy to let mortgage, does the mortgage company take your word on the value of the property? If they send out a valuer, do they inspect the property or just do a desktop valuation? Are they always aware of the remaining term on the lease, if it's a leasehold? If somebody valued their property at £150k, and…
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Chances of a mortgage?
Hello After a sticky few years me and my other half are debt free :jAlong the way though, whilst I maintained an excellent credit rating, the o/h obtained 2 defaults, one for £700 (now settled two years ago) and one outstanding for £190 (didn't realise, had no debt collectors chasing, now paid) We have also managed to save…
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Second homes / mortgages
Can anyone advise me what sort of deposit/percentage we should expect to pay on a second property costing around £130,000? The mortgage we already have is around the same & we are looking to rent this property out & move into the new property? Not sure if unable to say due to individual circumstances / income but could…
