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How can i borrow?
My daughter is a Uni and I would like to buy a house for her to live in. I saw an article some time ago about parents being enabled to do that through a mortgage on the family home - does anyone have any knowledge or experience of how easy or hard this is? The alternative is to raise a mortgage on my home, but I only earn…
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is it possible to register 3 people on the deeds if only 2 on the mortgage?
Hi 2 Questions -current mortgage has 3 people named - married couple + relative(not daughter) (could only get this at the time due to low income) -New mortgage for daughter for another property (first time buyer) with one parent who is one party of above mortgage -Parent only being added for affordability but daughter will…
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Remortgage - offset
Hi, First post and looking for some help on remortgage due December, many thanks in advance!! Background: - house worth £132k on current mortgage lender valuation algorithm - c£104k remaining on loan at Dec-14. LTV 78% - savings £80k plus average cash on hand of £3k. - can save around £1.5-2k for 10mths of the year -…
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Santander Feedback
Hi all, Just run a search and cannot find any real feedback on Santander mortgages recently e.g. ease of dealing with them, speed of service, quality of surveys etc. Thanks for reading :)
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Is it worth us trying for a mortgage?
Hi, thanks in advanced for reading this. My wife and I are considering whether now is the right time for us to buy a house. The problem is that in the past (6 years ago) I was terrible with money and got myself into 27k worth of debt. I have since worked my behind off and paid it all off. I have checked my credit file on…
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Chances of getting mortgage?
Hi all, I'm a newbie looking for some advice please, Long story short version, We had a buy to let business with investment company which folded, Resulting in us going bankrupt five years ago, since then we have saved £60,000 which we would like to use as a deposit for a property costing £160,000, our question is what are…
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Lloyds - disappointing mortgage
Hi, We went to Lloyds so see what they could do for us for a mortgage. After income (50K pa )- expenses we have 1500pm left over and they would only give us 100K! Does that sound reasonable? Even if a mortgage was a £1000 a month, we would still have 500 to play with. Where is the risk in that? Or am I missing something…
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How long should it take for Solicitor to receive Title Deeds?
My Solicitor requested the Title Deeds from the vendor 3 weeks ago but she has not received them yet. Is this normal?
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repay the following commitment(s) in full within 30 days of completion
Just having a second read on the mortgage offer, the Supplementary conditions says: "You must repay the following commitment(s) in full within 30 days of completion of this mortgage without taking on further borrowing: Name : a) Credit Card/Store card - Balance £471.00" I'm supposed to be exchanging contract tomorrow or…
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still possible to claim refund/compensation from GMAC
I discovered quite by accident (looking for details of Forces mortgages for daughter) an old thread relating to the possibility of refunds for excessive charges from GMAC. If anyone is late to this party like myself here is an update. We redeemed our mortgage with them in 2007. I rang today, updated details, and they…
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Cash gift from parent for mortgage - logistics?
Hi all, Hope you can help with a fairly straightforward question... We're buying a new house, borrowing more with Nationwide to move. Funds consist of mortgage, equity in current home, and a £15k gift from my Mum. Question is - does this £15k gift need to go through the solicitors formally (for money laundering etc) or can…
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Help with HTB EL mortgage
Hi – I am a home mover looking for a HTB EL but I have four latepayments on a credit card in 2013 Jun,Oct,Nov and Dec. These late payments only appear on my Equifax and Call Creditfile. My Experian file is clear (This is because I complained to Experian andcard issuer that all my credit card info was all a month out of…
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Mortgage debt to income ratio
Hi All, In the process of applying for a mortgage and the BS has not taken my wife's income into account. We are hoping that a reference from her employer will sort this out and the problem will go away. However, with the application based on just my own income our debt to income ratio is too high. The BS has asked if we…
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Joint credit card impat on mortgage application - Help
Hi I have a joint credit card with my sister which I have found out she has £9000 on the limit is £11,000. She has never missed a payment paying and I have a good credit rating and so does my partner. Her credit rating isnt great and therefore cannot get a loan herself to take the debt on. I currently have a mortgage but i…
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Joint Mortgage Application
Hi guys, Just wondering if anyone can give me some insight into the apllication process. Me and my partner will be applying for a mortgage in the next year. An overview of our current position is as follows: Me Salary - £34,500 Loans - £3,000 - paying £180 per month Credi Card - clear balance each month Credit History -…
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remortgage question
hello, Am thinking of remortaging soon my question is Do you have to go through all the affordability checks still if you want to continue with your current provider just on a new mortgage with them:huh:? Hope someone can help seems a simple question but have not been able to find an answer yet
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Endowment - Sole policy versus joint life assured?
Hi, I hope someone can help me please! 1. I have a endowment which I am the sole policy owner. 2. My ex-wife is unfortunately still named on it as a life assured, and according to the insurance company cannot be removed now as there is less than 10 years to run on the policy, even if she signs something! 3. I have checked…
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refurbishment mortgage?
Hi all, Wondered if anyone knows of anyway of borrowing money to buy and refurbish a property other than a bridging loan which is too expensive and would wipe out all the profit? If we have 125k deposit, are there any lenders who would consider lending us anywhere between 125k-375k depending on the project? So a deposit of…
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Remortgage Question
Hi Guys, Just wanted some advice sorry if this is a silly question, I have a house with my sister which we rent out (we both have our own houses), we have a outstanding mortgage of about £170k however the property is worth around £450-475k. We want to take the cash out of the house and buy a property from auction renovate…
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endowment mortgage
Hi, I used to have an endowment mortgage around 20 years ago for a period of couple of years. I then needed more funds so I borrowed more money and subsequently the mortgage changed to a fixed rate. Obviously at the time I was unaware of the endowment claims so would I still bw entitled to anything as I do recall being…
