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Removal of somebody from a mortgage!
Just after a bit of advice: I own a property with my grandmother, I would like to remove her from my mortgage as I am concerned about her mental health and also her financial situation, I will try to give a detailed description of how we both came to this situation we are in, Please read it all as it is complicated and…
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Fix for how long?
Hi all, I'm just coming out of a 3yr fixed rate at 4.45%. My mortgage balance is £82k, my house value is around £135k so around 61% Loan to value. Our monthly payment is £369 but we overpay to £550. With FirstDirect I can get a 2yr fixed at 1.59%, a 3yr at 2.28% or a 5yr at 2.83%. I've checked and if we move within the…
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Nationwide - strange request
In my recent full mortgage application (the deal fell through so I don't know the outcome of the decision), I got a call from the mortgage advisor asking for my last 2 pay slips in which my bonuses were paid. The thing is - I have already provided it. The mortgage advisor himself scanned and attached the payslips. He at…
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Self employed with large deposit - can we get a mortgage?
Hello, my partner and myself run an entertainment based company. We have a large deposit (£80,000) and are hoping to get a £60,000 mortgage. We asked my bank, bank of Ireland, who I've been with for 14 years (I thought this might make life easier) and they turned us down based on earnings. They took the average of two…
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Help to buy (Equity Loan) - some questions
I'm not too sure about this and my research has yielded nothing. As I understand it* The HTB agent will assess my contribution based on deposit + mortgage amount. * I am expected to take out as big a mortgage as I possibly can so as not to deprive others of the funding. * Quote: "Your solicitor/conveyancer checks that your…
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Barclays/Woolwich - how long to instruct valuation?
Am in process of increasing my mortgage with Barclays/Woolwich (am an exisiting borrower) and on the 'trackit' screen on the website they've instructed the mortgage valuation, just wondered how long this should take to arrange and carry out? When i saw my mortgage guy he said it varies between lenders and can take from a…
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What documents will I need to send?
I have a mortgage appointment over the phone this week with HSBC. I currently have a mortgage with them and looking to port it to a new property. I believe I have to go through a new application. I just wondered what documents I will likely have to send off?
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Pay off mortgage in uk or buy outright in spain??
Hi everyone, :rotfl: New to this but any advice would be great. We have a lump sum and now live in spain and are looking to uhy a property of roughly the same value. We also have two properties in the uk which are let out both with about 15 years to run and together have the same amount to pay off as we have as a lump sum.…
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Chance of mortgage with 1 default
I have a default on my file registered in December 2010 for £150 which was settled 2 months later. My husband and I would like to buy our house through right to acquire. Our house I'd worth approx 65k with the 25% deposit through right to acquire its 48,750. With our 5% we have saved we need to borrow 43,875. I earn 19k a…
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YBS mortgage process
Hi all I need some advice if possible. We applied for a Mortgage with YBS on Wednesday last week and were given an DIP. I went to the full mortgage appointment on Thursday where our application was sent for appeal to an underwriter the same day, this was due to my oh having a student overdraft which was 50 short on pay day…
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Declined a mortgage based on "behaviour"
"Although you will be paying off your debts, that has still been looked at from a behaviour point of view by the credit manager." Hi all... I have debt: £25,580.08 (ex overdraft) paying off monthly I have had loans: all settled never missed payments. I have had finance on a car: all settled never missed payments. I have a…
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Defaults same as Early arrears?
I have about 6 'early arrears' marked on several credit cards over the last 6 years. They are only for 1 month as I caught up the next month. By September a few should have dropped off leaving just a couple. I hear people mentioning problems as they have defaults on accounts going back a few years. My question is do…
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Should I put another person on mortgage just to get a nicer place?
Hello moneysavers, I've moved to a new area and I'm looking to buy a place but there's not much choice within my budget. I'm debating whether or not to put someone else on the mortgage to help me get the kind of property I want. I have someone in mind - he lives rent free and doesn't have many financial commitments. He…
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NATWEST mortgage application
Hi we have a meeting in branch at Natwest to go through the full mortgage application on Tuesday. we have the AIP we have accepted offer on our flat we have had offer accepted on the house we want to purchase when we booked the appointment they said it takes around 2 hours!!!!! really? question is.... will we find out on…
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HSBC to use mortgage brokers
More here Regards Sunil
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Can't decide which mortgage to go for
hi there, I can't decide which (re)mortgage to go for and was looking for advice. Its either a 2.99% 5 year fix through an IFA, or 2.39% 4 year fix direct with nationwide. The monthly cost difference is about £50 between the 2. We're applying for about £170k which is about 2.8x my wife and I's joint income and works out at…
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Mortgage extensions
Hi All, Trying to get some advice on mortgage extensions. I've got a mortgage offer with the Halifax back in July and the house I'm currently in the process of buying I've been waiting to exchange for about 5 weeks now with not a lot of information from solicitors or EA( I'm a FTB by the way) and my mortgage offer will…
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Man-in-the-pub mortgage dilemma
I had a girly discussion in a bar last night, which I'd like to extend to MSE regulars. Joe Blogs is raising capital for the purchase of his next home. Joe may well see a financial adviser in the future, but his options are as follows: - raise a mortgage of £300k (based on his income) and add significant savings as a…
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Best way to raise 60K?
Hi gang need some help please! My partner and I are in process of a 155K cash purchase of an old house that needs about 80K spending on it. We plan to turn it into a holiday let when done up. The purchase money is made up of redundancy money and inheritance. Neither of us are working and hope to not have to return after 30…
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I have 25% deposit but poor credit, what are my options?
Hi, I'd be grateful if someone could advise. I recently checked my credit score and it came out as poor. No ccjs just missed credit card and loan payments as I was unemployed. I've had a bad 3 years, I got divorced, moved to a new area, was ill and unable to work with a 5 year old. Now, I have a full time job earning 22k…
