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Complete on the 28th March stressing out!!!
Hello I guess I'm looking for reassurance but my story so far is we have a full mortgage offer , Exchanged misses and now all parties and now tied in to this purchase. This is my dream home and security for my family. We are first time buyers also. I can't help stress and worry that something with go wrong, even tho…
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Transfer of Equity - Under IVA
Hi to cut a long story short, my husband and I have just gotten divorced and we are both under individual IVA's. I have been paying the mortgage myself for the last two years as we have been separated. My ex husbands name is still on the mortgage and I would like to have it removed. There will be no exchange of money etc…
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Abby/Santander Mortgage application
Hello all, Just after advice/info reassurance etc. FTB, me and my wife applied for a Mortgage via L&C on feb 21st. The full app apparently passed the initial credit checks and i presume affordability, then 2 days later they asked for my last wage slip only(only using my salary because wife is on 0 hr contract and shouldnt…
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Unsecured Loan instead of buy to let mortgage?
Hi, first post here so please be gentle! I've had a search (for days) but cant find answers to my exact question. Any help is massively appreciated. I currently own a house with a mortgage. I then have another property which I bought 6 months ago, outright. I bought it for £25,000 and have spent £5000 doing it up. It is…
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Bank Account Switch to Access Mortgage Deal
Hi All, I have a re-mortgaging/bank account switch question I need advice on.. My wife and I are at the end of our current mortgage deal and could save a significant amount per month by re-mortgaging. We are also in the fortunate position that we should be able to over-pay on our mortgage to help clear it sooner and save…
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Going Forward...
Have noticed an increase in the number of lenders tightening up on there lending criteria in response to the likelihood of interest rates increasing. I've also read that there are to be some 'law changes' regarding affordability. Will be looking to apply for a mortgage in the next 6ish weeks all being well i.e. a suitable…
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Mortgages and Bankruptcy and Court, Oh My!
Hi Folks, New to the boards, sorry my first post is going to be so long winded. Just over seven years ago myself and a family member purchased a property. We had an agreement that his then girlfriend at the time (now wife) would not not be living in the property and not have a key to the property. Soon after getting the…
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House letting - what can we do mortgage wise?
Hi :) We were struggling to sell my fiance's house, when wanting to buy our own. We ended up buying a house together, using my deposit, then keeping his house and renting it out hoping that it would go back up in value. We currently have a tenant who has been in for 6 months already and who has signed up for another 12…
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First Time Buyer Help
Hi, I currently live with my dad who is in his 70's and I pay him £50 per week rent. The house we live in is worth around 90-100k. My dad wants me to buy the house from him for around 40k-50k So I anything happened to him and he had to go ino a home they couldn't take the house from him. This would mean when (hopefully not…
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Credit worthiness query
I understand that credit searches can have a detrimental impact on your ability to obtain credit but credit searches drop off your report after 12 months and are less important after 6 months. I know from experience that credit card applications seem to place a fair amount of weight on the number of recent credit searches…
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House buying going wrong - Any Advice Welcome
Hi All, A brief history of our situation: When considering moving we went with a well respected mortgage broker who gave us a decision in principle for £350k in December last year. This was what we based our house search on. We found a property we liked and had an offer accepted at £320k in mid-Jan. We had already secured…
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Mortgage Arrears
Hi I am probably £10,000 in arrears with my mortgage with 11 years or so left with 1 CCJ. I have an interest only mortgage with £230,000 still outstanding. I would like to ask whether anybody can suggest what I should do. Are there any mortgage providers who I should be talking to? Is my only real course of action is to…
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Tax Efficient Way To Pay Off Mortgage??
Hi All. I currently have a Repayment Mortgage with about £70K owing & 15 years left to pay. I'm employed in the rail industry & are contributing into the final salary pension scheme. As part of the pension scheme I could to pay Brass (AVC's) contributions & could get tax relief on my contributions at 40%. If I were to do…
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Buying a house - mortgage advice required
Hello, My girlfriend and I have put in an offer for a house in Nottinghamshire, which after some negotiation has been accepted. We will be paying for a full structural survey which unfortunately means that after all the fees etc, we will not quite meet the 15% deposit requirement to get more competitive mortgage rates. I…
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How can I work out if I can get a mortgage if I want to buy next year?
Hi everyone, I hope someone can help me. My husband and I are looking at buying a new house using the Help to Buy Equity Loan. We have an idea of how much houses are likely to be and also I have put in both of our salaries to work out how much most lenders will be able to give us. The issue is that whilst I have a very…
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First time mortgage Q (buy to let?)
Hey guys! I'm preparing for my first mortgage. I'm going for an investment property rather than something to live in because of personal circumstances. Until now, I've always been looking at buy-to-let mortgages because I want to stick to the rules, the last thing I want to do is go through a lot of hassle and get funding…
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Help needed from mortgage broker or tax advisor
We are applying for a mortgage soon and wanted to get a decision in principle. We just need some degree of surety that we will be able to get the mortgage when it is needed when the house is ready as we are spending some of our own money on some renovation work. Myself and my wife have earnings from our 2 businesses and my…
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Personal loan to reduce LTV?
Hi, Wondered if anyone had any advice on the following: I'm aiming to buy the house I currently rent from my parents in September. The house is valued at £120,000 and I'm looking for a 5 year fixed mortgage. I will have savings of £20,000. This puts my LTV at 83% which gives mortgage rates of around 3.75%. That's £3,750…
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mortgage documents
Hi, New poster to this forum so not sure if this is in the right place. Myself and my partner have just received a mortgage in principle from Leeds Building Society and we would like to proceed with the application. They require us to send documentation including wage slips and p60 documents. This is not a problem for my…
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woolwich/Barclays consent to let
i want to rent out my house and buy a new house . No mortgage needed for new house . My mortgage is interest only at 0.68% . I currently owe £18,000 . How would barclays deal with this if I asked for consent to let . I dont want to loose my low interest rate . And as the amount owed is low its not worth looking for a new…
