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Applying for temporary period of Interest Only on my mortgage
Thanks for taking the time to read my post. Any advice will be greatly appreciated! In short, I have a repayment mortgage with Leeds Building Society and I have never missed a payment. I contacted them requesting a temporary 6 month period making interest only payments. I explained that it was due to having to take unpaid…
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Options on changing a name on a mortgage
What's the best way of changing a name on a mortgage and what steps are taken? A friend has bought 4 buy to let flats which need renovating and now he's realised he hasn't got enough to funds to complete. Plan is I come in, help fund it and put my name on 2 of the mortgages. Is this possible?? What are the times scales?…
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Interest only mortgage query
Hi there I would be grateful for some thoughts on my current mortgage situation - In 2008/9 I bought land and built a house with a self build mortgage which was later converted into a LloydsTSB interest only mortgage at 4.29%. Our rationale at the time was that we would sell the house in the next year or so and repay the…
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Co-operative Bank totally unethical - can't port my mortgage or rent empty house
I moved to another city and no longer need the house that I have a mortgage on. Yet they won't let me port the mortgage as I don't meet their new buyer criteria (now in temporary employment), and they won't let me rent it out as they do not offer buy to let mortgages… Total nightmare! Anyone else in a similar situation or…
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Additional borrowing and offset remortgage
Probably a very simple question but I'm not financially savvy so I can't work it out. I'm currently on a flexible mortgage 2.29 over BR. Part interest and part repayment, although we vastly overpay the IO element to the point where it's less than 20,000. We have planning permission in for a large extension that should be…
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Yorkshire Bank don't do direct debit on mortgages???
My partner has a mortgage with YB and I missed the letter that mentioned the rate change in Feb - he is terrible with paperwork but as I don't live with him the letter was missed. So one payment was about £1 short until I amended the standing order. I requested a direct debit form even going at great length with the…
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Mortgages - Moving & Equity
Hello all. Hopefully someone can help with this question... A bit if insight - Me and my wife are 28 and have a two bed London property where we have lived for five years. Currently we owe £150,000 and the place is worth £220,000. Our mortgage payments are about £700pm and we overpay when we can. The 'problem' is we have…
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Accord Mortgages
Hi Everyone, I have been lurking on this forum for the past week as my partner and I are stressing out about out mortgage application. We bought a house in 2010 and easily acquired a mortgage (through a broker) with Accord. Our circumstances have changed (we now have a considerably larger income) and decided we wanted a…
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Does increase in house value affect LTV if you remortgage?
I have a question about when my 2 yr fixed repayment mortgage which expires in Dec. My house value has gone up significantly since buying 2 years ago and I wondered whether that would affect my LTV if when my mortgage expires I decide to remortgage. I ask because this will entitle me to better mortgage rates from lenders.…
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Broker recommendations and saved vs part loaned deposit
Firstly, I know that we need to speak to a broker and am happy to do so but am after any recommendations. We don't know anyone locally who has bought a house recently so word of mouth is out We are looking for a high value high LTV mortgage and are in Berkshire (near Reading) - can anyone recommend a broker? The second…
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DIP or full application stage
Hi Have recently gone through a mortgage broker (Whole of market) to apply for a Right to Buy mortgage. We were initially declined by Natwest (applied directly) due to an IVA note of correction on hubby's Equifax report. IVA completed in 2011 but he didn't realise that it doesn't automatically clear from file. Both have…
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Homebuy remortgage difficulty
I was womdering if anyone had any advice or has experience of remortgaging following homebuy. We bought out house at the end of 2009 wherby the builder/government each contributed 10% to pay a 20% deposit. This was interest free for 5 years and now we have the option to remortgage for the whole amount (deposit and remaing…
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Commerciatl mortgage - transaction charges on the business account
Hi i wonder if anyone can help. as we have a business attached to a home when we got the mortgage it had to be a commercial mortgage and part business loan. The rep also set up a business bank account, where all the mortgage payments and bank charges come from. My question is - is it a requirement to have the business…
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Mortgage credit file ccj
My husband had a CCJ that came of his credit file today, his score shot up to 428 on Equifax. We're wanting to get a mortgage on the house, how long should we leave it until he applys?
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offer extension experience?
Hi Everyone, Has anyone or any broker been through a mortgage offer extension process recently? My new build is will be completed just 5 days after my original offer which is frustrating so my broker has put in the request for an extension with my lender, they have a process is place for requesting an extension. My broker…
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Solicitor is not on Mortgage providers solicitor - what can I do?
Hi I'm a first time buyer having real problems with Santander. I won't go into how awful they have been since I started this whole application but the latest problem is this: I instructed a solicitor back when my offer on the house was accepted. 3 months down the line after searches etc have been conducted, Santander are…
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extra information on application question. ....
Hi all, Normally have the patience of a saint but with this mortgage application im a nightmare. Natwest app in at beginning of week afyer received AIP and credit checks complete. Anyway its currently with underwriter who requested proof of consistency in overtime.....absolutely fine as it been consistent for years so more…
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deposit proof from sale of goods
Afternoon all I have recently had an AIP from halifax and this afternoon had an offer accepted on our first property. The source of the deposit has come from savings (40%) and I have just sold my Trackday kitcar for the rest. The money for this sale cleared in my account this week allowing me to proceed with the offer. I…
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Frustrating time with a "simple" remortgage
Bank send us letter to say mortgage deal coming to an end and to go online choose a new deal it's as simple as that - NOT!! Wouldn't let us do it so had to phone and unfortunately spoke to most unhelpful people you could imagine. We have been with current bank lender for years and are exemplary customers but was told they…
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Temporary - Subject To Funding
My wife and I are enquiring about buying a new home/moving house - we also have 3 children. We currently have a mortgage on SVR. I work full time in permanent employment, and my wife works as a Level 2 Teaching Assistant (Special Educational Needs). Her role is part-time, and states within her contract that her position is…
