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Mortgage contract
Hi all, im just wondering if anyone can advise me on a part of my mortgage as im about to send over funds and sign ? I have the contract for my purchase and im buying it off somebody who passed away last october so his son and daughter are selling it for him. My worry is this bit "Limited title guarantee implies that the…
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Mortgage broker and insurance
We have used a broker to secure a mortgage. We now have the formal offer and should exchange contracts this week. The broker invited me in to discuss insurance, "no pressure". After seeing him I did some of my own work and have found the insurance we require with some perks that I can only receive by dealing direct with…
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Halifax Mortgage Advisor Complaint
Hi guys, I was wondering if anyone could help me! Just over 2months ago we had an offer accepted on our first home. We had already been to Halifax so knew the mortgage would be fine etc. Fast forward to today and the process is still ongoing. The adviser who we saw in our branch it turns out is actually based 50miles away…
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Maximum borrowing
I am currently in a joint mortgage and we owe around 119000. We are splitting and the mortgage is going into my name alone. However I don't think I earn enough to continue borrowing 119000. Has anyone got any solutions. My credit rating is excellent and in the past have had 5 times my earnings (approx. 21000)
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One for the Brokers out there
Hi everyone Hoping one of you knowledgeable Brokers can help; I'm trying to ascertain when we can look at applying for a mortgage. Here is our situation: We are two Ltd. company contractors working in the engineering industry. OH has two years of accounts, but I only just set up my company at the beginning of this year…
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Remortgage - Bank is stalling
Hi, My fixed rate mortgage finished back in February, which meant my rate went up to 4.95% (ouch!) I applied for a fixed rate product @ 2.89% with my current provider, but it is still ongoing over 4 months later! I spoke to the Mortgage advisor at the bank last week and they are now saying I should transfer onto the new…
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Benefits and Joint Mortgage Application?
My husband has recently been medically retired and his cardiac consultant believes his chances of ever being able to return to work are slim to nil, he is 28. We are in the middle of applying for PIP (formally DLA) and he has been granted ESA. We currently have a flat that is on the market as we need to buy somewhere a bit…
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Help To Buy Mortgage with Poor Credit File??
**sorry have posted this in here as well as the credit forum as wasn't sure which one to post in being a newbie n'all!!** Hi everyone, first post ever on MSE, hoping to get some advice from all you knowledgable lot :-) Ok so me and my partner are wanting to offer on a new home, on the HTB Scheme. We have passed the income…
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Advice on mortgage for florida property purchase
Looking to buy a house in Florida, just researching the best finance options. Any advice or anyone experienced in this area. Ie. pointing out pitfalls etc
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No debt but default - how do i tell fiance who wants to buy a house?
Years ago I made a huge mistake by not redirecting mail which resulted in me not realising I had missed payments on a credit card - and now have a default (all paid) which comes off my credit file November 2015. I do not have any debts at all. My partner wants to buy a house, which is great, but I never had a reason to…
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Virgin Money mortgage
Good afternoon all I am looking at a Virgin Money mortgage for the Help to Buy (equity loan) scheme. Firstly, I've seen bits and pieces on the internet indicating that Virgin Money do offer mortgages for this part of the H2B scheme. Does anyone know if this is correct? I understand that the products on offer change fairly…
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Advice required
Hi We currently have second mortgage with NRAM which my husband got around 9years ago. We were unable to sell the house at the time we moved in together so have been renting it out for the last 3years or so with the consent of NRAM, they have now informed us that we can no longer do that and we have to sell the house or…
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FTB on fixed term contract. Best chance of a mortgage?
My husband and I are hoping to buy a house ASAP, but my husband is just finishing a full-time uni course and his new job, which starts in September, is a fixed term contract for one year with the possibility of being made permanent. My question is, is there much chance of us being able to get a mortgage while he does not…
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Self employed/ lots of overtime
Hi Looking for some advice on how the lenders view overtime and self employment. I have a basic salary of 27k, however earn 45k. I always net approx the same figure each month. The additional income is overtime. Lots of time on the road and door to door pay. My partner is a sole trader with a net income of £1000 per month,…
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mortgage
I have a fixed rate mortgage for another two years. If at the end of two years I wanted another fixed rate would I be getting the mortgage against the amount left to pay ?. Probably a silly question but it is confusing. Also what is the current rate. I have tried to google but it throws up various figures.
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New job before mortgage completes???
I am in the process of buying a newbuild property. It will not be ready to move into until December. I have had my mortgage offer and I am due to exchange contracts in the next few days. I am considering applying for a new job though. The job is a higher salary than I am currently on (£5K a year more) although my travel…
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House needing total renovation will I get a mortgage?
Hi, I have seen a house needing a lot of work that I would like to buy on a buy to let to do up and rent out. It has a kitchen and bathroom but they need replacing. There are holes in the roof causing damp in the property especially in the bedroom.i already have a mortgage on another property which I want to port over to…
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Low valuation
Hi looking for some advice:-) Was advised we had a a remortgage with RBS approved Subject to valuation. Our broker based the application on a value of £190,000, borrowing 90% LTV. The valuation was completed and came out at £175,000, which was the value we had actually told the broker. We were looking for 85% LTV- can…
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Mortgage affordability checks
Hello, It's been a while since I delt with mortgages and there is such varying info on the web, but we are hoping to sell our house and purchase a new build with the help of help to buy scotland soon, im a little concerned though as though we have checked our credit reports and score high and have no missed payments we now…
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Buyer protection between exchange and completion
I'm buying a new build off plan - due to complete near the end of the year - see other post by me if interested (sorry can't post link as a new user) I'm just thinking ahead of myself here. As there's almost half a year between exchange (assuming I manage to exchange on time) and completion, there is a chance the lender…
