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Sole Mortgage Quandry
Hi all, Like many of the posters on here, my partner and I are trying to get a mortgage to get our dream home. After much searching, we found the ideal property last week; we went in with an offer of £184,000 and are looking at a mortgage for 172,000. Between the two of we earn just over 60,000 a year, and my partner has…
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Newly Self Employed
Hello, My husband and I are selling our property on the 20th of this month. I set up my own business in January of this year and I am taking home the same wage as I did at my previous employment. We are selling a flat and looking to buy a house - we are intending to buy a house that it is slightly cheaper than our flat…
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Where to get a drawdown Mortgage from
Silly question but does anyone know where/who gives drawdown mortgages? I want to see if i am eligbile to get one as I just talked to my current mortgage provider and they dont do them (I want to buy a run down place and improve it - possibly knock it down and re build) cheers ob
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Mortgage with one years accounts
Hello everyone and thanks in advance for your help. My situation is, July 2013 i took over my fathers business as he moved to France, I am trying to get a mortgage but know I will have to wait until at least July with one years accounts and a projection for next years accounts. Previous to this I worked for my fathers…
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Mortage Advice
Hi We have had a fixed rate mortgage for 2 years which is now coming to an end. My partner has booked an appointment with the same broker who offered 'advice for life' with a one-off fee so we plan to take advantage of this again. The mortgage is currently through Natwest (his bank) and was a deal that I believe was only…
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(Stupid) Affordability Rules
I'm currently paying my mortgage at 3.99% SVR with Halifax and I asked if I could get a lower rate 2-year fixed and they said no because of the new affordability rules! I am earning less than when I took out the mortgage but I've never defaulted and can still afford it - just. However, the new mortgage would cost me £100 a…
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Mortgage Arrears
Good afternoon My wife and I are looking to move house next year however we've encounterd a small problem. I took out a Mortgage in my name with the Nationwide in 2007 however upon checking my credit file last month it would appear I've been 2 months in arrears since May 2008. I've never once received any correspondence…
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Natwest Random Audit - Post Offer!!!
Hi all, I am having a hugely stressful time trying to get a mortgage with Natwest. I had an AIP with them and am completely chain free. I found a property at the end of Feb and had an offer accepted. The seller has a very progressed deal agreed on a chain free property and is wanting to move very fast - my position was one…
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Porting existing Fixed Rate mortgage
Hi there, I was hoping I might be able to get some advice about moving house. We bought our first home in 2012 on chose a 5 year fixed rate deal with Santander. We are now thinking about moving to somewhere a bit bigger. I have read that it is is possible to port your existing mortgage to a new property, but just wondered…
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Halifax mortgage "requote" after full offer??
I'm majorly stressing right now! We are supposed to be completing this week. My solicitor said there has been a delay getting the funds from Halifax. He chased them yesterday and they said our case was "with the underwriter/business assessor" and "subject to a requote". What does all this mean? Why on earth is it back with…
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Please help! I think I have no chance in getting a mortgage...
Hi everyone, I am in a bit of shock right now as I have just discovered that my partner has 2 defaults on his credit expert report. One was in 2012 for £500 and has been settled and one has just shown up in April 2014 and the outstanding amount is £560 and it will be settled this month in full. I have also discovered that…
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Splitting up and i don't want the house
Hi I bought a house with my partner in 2001, his money, his house, he put me on the mortgage and the deeds of the house. So i own half, in 2001 around xmas I left him and moved country, we always stayed in contact and now he wants to sell his house, great, but i am really worried, he has asked me to sign papers to say i…
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Getting a Mortguage after a repossesion
Hi there, can anyone help me please. In 1996 I had a house repossessed due to me taking ill and being off work for two years, I had to go through a bankruptcy. I am trying to get a mortgage now with my partner but have been told from my financial adviser that the Bankruptcy is not an issue but the repossession is a big…
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Nram On going Issues
Hi I am new to the forum this is my 1st posting so please bear with me Is there any one having issues with them sorting out mis selling mortgage over retirement age Once they have admitted it saying they will put things right but not doing so All advice gratefully needed please With Thanks
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Raising BTL and using to pay down residential mortgage
Hi I am looking for some advice - I guess this may be a regular question but grateful nonetheless I have a 4 year old BTL interest only mortgage on a flat (that I lived in between 2003-2010 and rented since 2010). The current BTL is up for renewal and I am thinking about taking a bit more money out of the property by…
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How can I get my name of this morgage
Hi, I split with my ex 2 years ago whom I had a joint mortgage with. I has stated i cannot afford to pay this as I would not be able to afford any where else to live. A few payments have been missed but she is now making payments and come to some sort of arrangement with them. I have said I don't want any money from the…
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Britannia and ex local authority houses
Has this happened to anyone else? We are looking to move house, have sold ours, and found a bigger, ex local authority house just along the road. I contacted my current provider, Britannia, as I am currently in a 5 year fix. They agreed to a further loan and to port existing mortgage. Great. All going ok, formal offer is…
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Advice on mortgage renewal
Hi My fixed rate mortgage is up for renewal in August after a 5 year fixed rate. When I applied for the mortgage previously I was working term time only and was told that my working and child tax credits would be taken into account when letting me have the mortgage as I also put a large deposit down (my divorce settlement)…
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Need advice on how I can get my name off my ex wifes mortgage?
My ex wife and I divorced 1 year ago. I agreed that my ex wife and children could stay in the formal marital home. We agreed to a 60/40 split on the equitity in the house but this would only be released once 1 of 4 possible triggers were activated. I am now expecting another child with my new partner. And we would like to…
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Is it possible to complete sale before home insurance starts
Our solicitors have just been on the phone to advise that they are aiming to complete the purchase of the house on this Friday. The home and contents insurance we have got doesn't start until next Monday. I was always under the impression that in order to get the mortgage funds you had to have home insurance in place…
