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Credit rating & mortgage application?
Hi All, A newbie here, hoping for a bit of help. My partner & I are shortly looking to apply for a mortgage, but I'm concerned that my partner's credit history may cause us some problems. Basically he has 2 defaulted accounts - both late payments. One was nearly 6 years ago & the other 2 years ago. The only problem he's…
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Vrigin money mortgages
Hi My current fixed deal with virgin money is coming to an end and I'm about to revert to their SVR of 4.79%. Trying to decide what to do next - I was a first time buyer at the time. If I stay with virgin money and choose another deal I won't pay lots of fees, house valuation etc. - this is quite tempting but I'm not sure…
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Applying for a mortgage with a default, HELP!PLEASE!
Me and my partner are interested in a new build home that is due for completion at the end of November this year. What it is I'm wanting advice on are the following:- 1. He came out of the army in April and started his new job (higher salary) in May. Will the fact he has only been in this job 6 weeks stop us having a…
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Permission to let and another residential
Hi In a nutshell I have had consent to let on my existing property and am in the process of buying another with my partner. My questions are: Once my deal has finished that I'm in currently will my permission to let have To go onto a btl or can I fix into another residential deal? Secondly once my new property that I'm…
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my brother want to take on mortage
i'm cuttently unemployed and to stop the bank selling/ reposessing my family home, my brother has offered to buy out the current mortgage provider by paying off the outstanding balance of the mortgage which is less than 50% of the market value. the object of the exercise would be for my brother to take on the the mortgage,…
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Does a zero hour contract really restrict us this much?
Hi everyone, Just looking for a bit of advice really, some background information. My partner & I are looking to get ourselves on to the property ladder, we're 20/25 respectively, we both possess a clean credit record & we're both full time employed! When I say full time employed my partner works in the health/social care…
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Buy To Let mortgage and release capital?
Hi, I'd welcome some advice please. I own a flat and have a regular mortgage, but currently let the property and have consent to let. The consent to let will run out in a few months and I will need to get a regular Buy To Let mortgage. When I do this I would like to release some capital - probably around an extra £60k. My…
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Loan to release the equity so we can move?
Sorry if this is in the wrong section, I have searched for an answer to my dilemma but no luck. Ok, here goes:- Our house went on the market about 6 months ago (no viewings), we went with a different estate agent and reduced the price slightly (again no viewings). I have a feeling we have slightly overpriced it (also…
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remortage from interest only to repayment
Hi, back in 2012 we finished a full and final IVA, in order to do so we had to remortgage to raise the funds and ended up with a sub credit mortgage lender....so all debts gone but bigger mortgage and no chance of moving for 6 years until the debt details had fallen off our credit file....which they all did 2 years ago.…
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Permission to let and another residential mortgage
Hi In a nutshell I have had consent to let on my existing property and am in the process of buying another with my partner. My questions are: Once my deal has finished that I'm in currently will my permission to let have To go onto a btl or can I fix into another residential deal? Secondly once my new property that I'm…
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Valuation Survey
Just need some clarification; valuation...its just this correct? or will they see if its structurally sound? Would it be wise to get a structural survey - companies are requesting 500.00ish
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Mortgage liability query
Hoping a mortgage expert might be able to help me please? We are stuck in a property chain and have just managed to get our mortgage offer with natwest extended for a month - it was originally due to expire on 23 June but natwest agreed to extend until 23 July. Our usual solicitor is off sick today so we spoke to another…
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How long is it valid for?
Evening all, Me and my gf have recently been offered a flat from a family member. To cut the story short, our mortgage application has been approved, however, the property won't be vacant until September 1st as it still has a tenant in it. If we've been accepted, start paperwork with the solicitor and pay the fees, are we…
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Shared ownership, selling and marital breakdown
not sure if this is the right thread to post in but I wonder if anyone can offer any advice regarding my predicament. I have recently separated from my abusive husband. He continues to live in our marital home. I have moved back to my home area so I am closer to my job. We purchased a property about six years ago from PfP…
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king family/parents to act as a guarantor
Hi, Martin mentioned in 2013 that a family member could act as a guarantor on your new mortgage. Is that still the case or have the rules changed. Thanks
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Transferring Secured Loan
Has anyone else managed to transfer a secured loan onto their new property? We currently have a loan with First Plus which has £27k outstanding (originally for £33k) and we cannot pay it back in full from the sale of the house so will have to transfer it. Looking into this today it appears they have to go through the…
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Share ownership
My husband and I are in our 40th, we have two children 7 and 21 months, first time buyer. We know we will never be able to afford to buy a house in kent where we live, so we register with share ownership association moat and homebuy. Houses in the area where we work do not come very often so when comes along we jump in it.…
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Only offered 40% ltv help???
Hi I have an existing mortgage with HSBC with £25k outstanding. My house value is £95k and I have tried to release another £30k so looking at around £55k in total I went to see them today and they will only offer me at decision in principle stage £39k in total. I earn £16k a year and have a disposable income of £700! They…
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Nationwide document checks stage delays
Hi, I was wondering if anyone had experience with Nationwide mortgage application. We're at the documents checking/validation stage since I submitted then in branch on the 19th May 2014. I keep repeatedly getting calls asking for documents/clarifications that I've already given which when they search they are able to find.…
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Rose Shared Equity refuse to transfer 2nd charge into sole name? Help!
Other half and his wife purchased house from David Wilson Homes in June 2011 and took shared equity loan for the deposit - was registered as a second charge against the house for £35k. Nothing has been paid back to date. They have since separated - mortgage is with the Halifax - he wants to remove her from the mortgage…
