-
Mortgage requires subsidence insurance
Hi All, I've just had my mortgage offer come through, and noticed that under the 'Insurance cover' section it mentions: The valuation report carried out for us shows evidence of movement either to the Property or other properties in the locality. Your solicitor/licensed conveyancer must ensure that the insurance policy…
-
Lending criteria and eligible income
I recently approached my local building society to enquire how much I could borrow - in addition to my existing mortgage - to help with the purchase of another property. I was surprised to learn few lenders accept income earned by way of utilising the government rent-a-room scheme as additional income - despite in many…
-
85% mortgage, what are my chances?
Hi All, I'm hoping to buy a £135k house. I have a good income (45k) but hit the skids due to a redundancy 3-4 years ago and collected 4 (now fully settled) defaults. I have a 15% deposit. Defaults were for £35, £70(2010), £525(2009) and £1,000 (2010) I have not missed any payments in 24 months. My 2 credit cards have small…
-
Remortgaging, BLT and 2 mortgages?? Is this possible
Hello Just after a little advice before I call any mortgage advisor's to see if this is even possible. The background We own a property outright. We have seen a property we would like to buy and move to, but keep our current home and let it out. We could put down 20% for the new place, but do not earn quite enough with…
-
BTL Mortgage Needed, Salary and Dividends
Hi All, I have a dilemma. I am a director of a company taking my income as a mix of Salary and Dividend. I am having trouble remortgaging a BTL property where I am being stuffed 6.99% when I know there are better deals out there. Can anyone advise any lenders who don't just calculate the rate on main earners income?
-
Default in last 6 years v Default - ever
Hi guys, From some posts, it seems that different lenders ask differently about defaults, and when the defaults were from. It seems to be a mixture of 2 x questions: Have you ever had an account default in the past 6 years? or Have you ever had a default? Does anybody know which lenders ask which question when it comes to…
-
Mortgage expiry fees
Paid my mortgage with Santander for 25 years solid and when it comes to the last payment, guess what? a £225 administration fee for the privilege of paying off my mortgage. I'm told that they will write to the Land Registry to inform them they have no further interest in the property for free. Yipee!!... Except I've just…
-
Achievable Rates for me?
Trying to see if it's now a good time to go see a broker or if the rates will be far too high. Is my file too much of a mess or will there be enough time between default dates and now to go and get something? My file is a mess from a historic blip when my self employed business failed. I have 8 defaults from this period…
-
Alliance/Santander mortgage query
I have a mortgage with Alliance and Leciester / Santander. We regularly overpay (monthly and lump sums when able to!), however, we only get statements, by letter once per year. Is there anyway to increase the frequency or even better, do they do online banking so i can check that way? The reason being, it would be nice to…
-
?Do i move to a fixed rate now..
I have 4 more years to run on my mortgage and i have a balance outstanding of roughly £25,000,?is it worth fixing the mortgage now for the last 4 years.
-
Poor experience L&C /Beaumont Legal
I completed on a remortgage this week, having used the Money Saving Expert recommended London & Country Mortgage guide/advice line and wanted to let people know it has been a truly painful experience, with some very poor customer service. For the record, I would preferred to have made a few points direct to MSE but it…
-
RBS porting mortgage & new checks
Hi I'm just after a little advice/reassurance. We are looking to move and currently have a fixed rate mortgage with RBS that is portable. We have made an offer on a house and I have an AIP from RBS and also London and Country and a mortgage appointment this week. I am trying RBS first due to our early repayment charge but…
-
Lloyds TSB mortgage promise
My partner and i are first time buyers, i have banked with Lloyds since i was 16 (29 now) we went to a few banks to get some advice on a mortgage and were told by a few that we needed at least 10% as a deposit to start with, with that in mind we went into our local Lloyds branch to see a mortgage advisor, i am in full time…
-
Early Repayment Charge - Nationwide
Hi, I am currently looking at getting a mortgage with Nationwide. We have a DiP already with them, and will be putting an offer in on a house tomorrow which hopefully will be accepted (we are offering the full asking price!). What we will be applying for (if our offer is accepted) will be an 89% LTV 35 year mortgage,…
-
Can a Mortgage be Transferred?
Hi all, I'm wondering if an idea I have is feasible or, if not, is there any other approach that we could consider: My brother currently has a mortgage on his house which he is not living in (he is renting in a different county) and wants to sell the property as soon as he can. Sadly he has had issues selling and is…
-
not sure what i can get
Currently we have a small rbs mortgage for a property in Scotland. This is covered by a rental tenant. It has 10 years to run and £70000 outstanding.we live in south east England due to my work and I earn a decent income. We currently rent but are fed up with the insecurity. Can we get a mortgage to buy whilst renting our…
-
Adverse creditb mortgage brokers
Hi all, I would like to purchase a house between "200-250k I have 40k equity in my current house (which I would sell to raise the 40k ). and 12k of debt CC and car fianance) I plan to pay off the debt and use 25k deposit. The house is a new build. I earn 30k and my partner earns 14k pa. her credit file is clean, I have a…
-
Remortgage Rent or Shared Ownership - help please
Hi all, any comments/feedback welcome. We have been living in our current home for 4 years and have decided to sell up and move. We have had a pretty bad time over the last few years and even before that when it took us 18 months to move. Our financial circumstances have changed since taking out our current mortgage; my OH…
-
Questions regarding a mortgage
HI. I was a first time buyer one year ago and bought myself a flat for £46000, I put down £17000 so my mortgage was £29000. At the time the job I was in was a full time permanent earning £17k per annum so I could have borrowed more if I wanted to. Now I really want to sell my flat and buy a small house,in the region of…
-
New bank account during application
My wife and I have a number of accounts, personal, food, bills, savings etc. What we are wanting to do is close the food & savings account with one bank provider and move it to the same provider that we bank with. The bills account will be closed pending a few other things post mortgage. Will this cause any issues, or is…
