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Aldermore Mortgages??
An update on our remortgage situation. Well our mortgage advisor has not been able to place us on the high street which I expected to be fair with my partner being an ex bankrupt and me with my AP markers that Studio just won't remove but he has found a lender (Aldermore) who is willing to let us remortgage with them. We…
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How to fund a buy to let
Hi there, I have some questions which I am not 100% sure on and am looking for thoughts.... and advice. I am in a situation where I have next to nothing left on my current property, so it will be paid off in 3 months completely :beer: Anyway, I am thinking of a buy to let as an investment property (which I did do years ago…
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Sensible amount to be looking at houses?
Hi, We're moving from North of a England to the South of England. Our property in the north is SSTC And after fees from the sale and any onward purchase we will (hopefully) have approx 200k deposit. We have only one wage earner who has a basic of 95k, but who has a company car which reduces his net pay. He also gets some…
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Handing Notice to Employer on Completion Day
Hi guys, I'm currently due to complete on a new build, I've also got a new job lined up which will start two weeks after the completion date of the house. I only have to give one week notice at my current job, would I be okay to hand my notice in as soon as the keys for the house are in my possession and I legally own the…
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Seller paying stamp duty - impact on LTV
We are looking to buy a house that is on the market for around £525k, as we would rather not have to pay 4% stamp duty, we bid £500k hoping this would be enough. However there are other bidders and the price being offered is now over £500k. The estate agent suggested the sellers might accept £515k and they would pay the…
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Advice needed to keep house
My house is jointly owned by my ex partner and I. He moved out some months ago and we've reached a legal agreement on how much I need to buy him out or how much he will get when it's sold (18k). I can afford to pay the mortgage myself and have been doing so but as it stands the loan value is 6 times my annual wage. Do I…
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relative's house at risk
A relative of mine has got herself in a situation with her mortgage and I need advice on how to help her. She has been paying an interest only mortgages for a number of years andShe is now being asked for the initial balance £15000. She no longer works as she is a full time carer for her mom who has advanced alzheimers.…
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Looking for a reputable mortgage broker
Hi Looking to remortgage after current 5 year fixed finishes at end of November and have been contacted through a moneysupermarket enquiry and initial visit mortgage broker went well. However, literature left reveals a fee of 1.95% of the mortgage or £3,000, if taken out, whichever is the less and I presume their fee from…
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Redemption amount question
Hi all, I have recently applied for a remortgage through post office and provided the remortgage amount as shown on my redemption statement from Natwest based on a redemption on the 4th September. Judging by the current delays associated with post office it is likely that at least 1 payment will have been taken from my…
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Home mover mortgage difficulty
We live in Scotland and are trying very hard to buy a bigger house, but I'm failing! We had mortgage payment problems nearly two years ago, I have two defaults and my husband has 1 but all now cleared and also over a year ago. No other significant debts and a joint income of over 45k. Where am I going wrong? Is there any…
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Mortgage deposit problem
So here is the conundrum I have a home which is mortgage free and worth 100k , I want to move house and have seen a property worth 230k, I want a mortgage for 130k and have been told I need to get a deposit equal to 10% of the purchase price of the property I want to buy. This cannot be correct can it? I have £100,000 in…
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Halifax Mortgage application referred...
Hello all, Il just give you guys the heads up about my case. My husband and I are looking to purchase our first house together. We are currently living with parents so we can save for our deposit etc. My husband and my joint income is £33,000 and have not yet found a property. We got recommended a mortgage broker by a…
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Advice re mortgage following relationship split
My son is currently in the process of splitting with his long term partner but they bought a property together less than 12 months ago. He wants to buy partner out which partner is happy with, but he has been in touch with mortgage provider and they have said that he will now have to go through new affordability criteria.…
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FTB Mortgage application Question
I'm looking to buy a house on my own in about a years time. I only want to spend about 100k on my first house and I have a decent deposit. Is it worth me applying for a mortgage now to see if I get accepted or not? My credit file is showing as good, with only one default for £74 back in 2009. I am just curious if they…
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Halifax caused my mortgage to fall through but solicitor still wants fees
Hi, my wife and i applied for a mortgage and everything was going well until at the last minute it fell through due to poor credit rating. When we first went to get the mortgage our rating was very good and and by the end it was poor. When we signed up to Experian(an extortionate company who charges you to find out YOUR…
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making mortgages more difficult to get
Didn't know whether to put this here or in the vent/warnings forum.... I know they are making it more difficult to get mortgages but this is ridiculous. I put my figures into the NatWest online mortgage calculator, and it confirmed affordability. I then rang their mortgage sales line, went through all my facts and figures…
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2 / 3 or 5 year fixed rate?
I'm after advice on my current mortgage. Its split into 2 parts as I borrowed additional when i moved house. One rate is at 4.19% fixed until June 15 The other is on a variable at 4.49% (since July) We have about 85% LTV I was originally going to try leaving the 2nd part on a variable to try and tie the 2 mortgages…
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Is there any chance?
Hi, just wanted to ask a question - I know a lot will depend on how things are at the time etc but just wanted to get an idea so any help/advice very welcome. We have had debt trouble in the past but will soon be clear, by the time we apply for a mortgage we will be debt free and have no adverse credit on our file. we will…
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Shared Ownership Question
Hi, I am wondering if anyone can help me. I currently live in a shared ownership property. I own 30% of the house which was valued (3 years ago) at £150,000. This means that I have a mortgage for around £45,000. I am now earning more money and am interested in what they call 'staircasing' which is where you can buy more of…
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Nationwide DIP, Take Fee then Decline
Please help! We recently applied to remortgage with Nationwide through L&C. We scanned and sent over the required documents and was accepted (DIP). We paid the fee £99 and sent over the original documents and they declined the application. L&C said it was because I was the only one on the mortgage, but the child tax…
