-
which?
we are looking to buy our first house, mortgage being solely in my partners name, we have paid all our debts off as of last week, we went to halifax before doing this to see what they could offer us, they came back saying they would only lend us 75% ltv on any property after the debts were cleared, we are looking to get a…
-
Does anyone know how missed payments may impact ability to get mortgage?
Hi All, My fiance and I are first time buyers and would welcome any advice. We've got some missing payments showing in our credit reports, c4 from memory which date back up to 6 years. Does anyone have any guidance on whether these missed payments will have any impact on our ability to successfully apply for a low interest…
-
Tenancy in common with mortgage and died
I know if a property is held as joint tenancy and when one person dies, the mortgage is still payable by the other party. However, does anyone know how the mortgage is treated on death for property held tenancy in common? i.e. does the mortgage liability fall on the surviving person? Thanks.
-
Mortgage approval
Am told it's a problem for lawyer and mortgage broker that I have no credit card or debt so money laundering check doesn't work and credit check doesn't work, and they are both required for my mortgage application. Any ideas of how to overcome this? How do I offer proof that I am solvent? Seems I may be in danger of being…
-
Holiday Letting on main home
Sorry if this has been posted before however I am unsure what I can do with a residential mortgage. I have seen a coastal property I like and wish to buy. It will be my main residence except for summer months where I can earn income from renting it out as a holiday let by the week. Apart from insurances and taxes which I…
-
Mortage with poor credit
I think I know what the outcome of this thread will be but I'll give it a whirl anyway. Me and my other half have been renting privately for some 15 years now. We're now in a position where we're looking at a mortgage. We're not rich so in a nutshell it's a Help to Buy mortgage for £94,500. My other half has always been…
-
Have consent to let on first mortgage, can I get another residential mortgage?
Last year we had to relocate due to work. We got a two year consent to let from First Direct our mortgage company and are now in rented accomodation ourselves. Ideally we would like to take out a second mortgage and buy another property. We would then either decide to convert our first mortgage to a buy to let one when the…
-
Self employed taking a dividend for new house deposit advice please.
Hopefully someone advise the best practise for this. I plan to take a lump sub dividend of 60k from the business as the deposit for a house. The business can afford this over the past twelve months the savings account has gone from 60k to 130k steadily growing so by drawing it will not have an effect on the day to day…
-
Struggling with remortgage
Hi all, Feeling a bit fed up with trying to remortgage my house. I bought my house 14 years ago and have never, ever defaulted or late paid my mortgage. I was a bit silly a few years ago with a credit card that had a £500 limit on it. I didn't set up a DD and kept forgetting to pay it (I know, I know!) so it defaulted. But…
-
Do I need a broker?
Hello, I'm hoping that some of the brokers on here wouldn't mind kindly giving me some free advice on about whether or not to use a broker please? Situation: Deposit (would be from the sale of current house, in my name only) = £60,000 My income: £32072 from employment Husbands: £4000 from self employment Thought about…
-
Buy to let for my student son
Hi all, this is my very first time, and I would be very grateful for good advice and direction. Our son will become a student in a few months time and we wanted to buy a HMO property - say for 4 or 5 students to rent from us. We are solvent and could put up upto 40% of a mortgage. But no one, and I mean no one will give us…
-
Remortgaging & Extending Borrowing
Long time reader, not prolific poster. I am currently on a 2 year fixed deal with Santander which comes to a close on 02 Aug of this year before going to their SVR. I have a credit card balance (Lloyds) of just under £6500 which I would like to clear with extra borrowing. House was £184795 Mortgage was £121000 (ish) (over…
-
With Underwriter. Apply elsewhere?
Had a mortgage in principle with L&C last week. At the weekend we had an offer on a house agreed and my wife called Coventry building however when going through credit check there was a flag and it's been passed to the underwriters. This will take up to 3 days. Could the previous MIP have made an impact on our credit…
-
Putting Husband on the title - Indemnity Insurance
Hi All, My husband and I have been living together in my flat since Nov 2010 and we got married June last year. My mortgage came up for renewal and we figured that this would be a good time to put his name on the title and move the mortgage into joint names. The solicitors have asked us to pay £139 title indemnity…
-
Pay off mortgage or not?
I will be able to pay my mortgage off this year - however, I want to be able to re-mortgage in order to lend to my son money for a deposit on a house. BUT if I pay if off I will be very limited about how much I can remortgage/borrow as I will be 59 years old this year and earn £19k on a 1 year contract - so would I be…
-
Paid off the mortgagee
*Mortgage even! Hello everyone, First time poster - long time reader ;) Anyways, I have just paid off my parent's mortgage and I would like to be able to put my name on the mortgage now so incase of an accident the house belongs to me. After a search on the internet, asking our mortgage provider and Citizens Advice I…
-
Buying (hopefully) a house in negative equity
Hi, Just wondered if anyone has been in our situation before ! Offered on a house, offer accepted, mortgage offer done, signed contracts (our side) completion date set for last week. deposit transferred. Bubbly chilling in the fridge ! The two days from the completion date, phone call from our solicitor. Starts with - have…
-
gifted deposit
My parents would like to help us buy a house by releasing some equity from their house, they are retired and have been mortgage free for many years and their thinking is that they would prefer us to get the benefit of what will eventually be ours anyway now. They are happy to sign documents that state it would be a gift…
-
clearing a buy to let mortgage
Hi There, I have a buy to let property and have recently come into some money. Is there any general guidance on clearing the buy to let mortgages or should you keep the mortgage to use to offset capital gains tax? thanks
-
fixing my mortgage
currently i am on a varible rate @ 4.74 payment £858 i have been offered to fix with current supplier with the 2 options 2 years 3.19 payment of £724 or 3 years 3.49 payment of £750 there are no fee to pay either but i cant decide weather to go for the 2 or 3 years - i just have in my mind that the 3 years may be better as…
