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My rights on money left from sale of home
Hi, Me and my ex bought a new home in 2012 via a first time buyer scheme, where we were loaned 20% to the value of the house and only had to pay 5% on the remaining amount that worked out around £11000. At the time I had about £4000 saved and my ex about £12000, though my income was £33000 pa and his £16000 pa. He ended up…
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Big lender or 'unknown' through broker?
Hi, Having recently had to pull out on a purchase, I'm getting incredibly stressed already with this one. I've found a property for a reasonable price and have my fees plus a decent deposit covered, so I ought to be more relaxed. I'd already paid £500 to a financial advisor last time through Your-Move and he invited me…
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first time buyer
im looking to buy my first home but would like some advice. I have finally finished uni and been able to gain employment, I have a part time contract for 18.5 hours a week, at the moment there are no full time posts so my employer has offered me casual work for the additional 18.5 hours a week so I will be working full…
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Mortgage when in job probation
Hi I've been accepted today for a mortgage in principle but I'm worried that I kinda told a fib about my employment status. I told the woman I had just started my job last month and she said but it's permanent though? And as I was saying 'yes, it's permanent' (because I thought yes it is as opposed to a temporary), I heard…
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To fix or not to fix ?
I'm on a BMR of 2.5% for £50k and 2.49% tracker fro £30k ( home improvements). Should I hold fire or look to see if I can fix now before rates go up?
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Mortgage transfer
I have a 5 year fixed deal with Virgin. We are 2 years into the deal which is 3.79%. I have seen on their website a 5 year deal for 2.99%. Is it possible to switch deals with the same provider - ie. get a lower rate for an extended period? I assume they'll be a cost, but was wondering whether we'll be hit with a redemption…
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virgin money, let me down !
Hi Just been trying to get a BTL mortgage on one of my flats and have hit a problem. It's owned outright. We applied in my GF's name as she has a decent job earning above the required amount for the BTL. I'm self employed and dont have the accounts yet so was just put on in name as we bought it together. Everything going…
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Two residential Mortgages
We are looking at having two residential mortgages running at the same time. (Maybe for 6-ish months) The house prices are following Current house Mortgage outstanding £115k Value £140k Proposed Second house Mortgage £245k House Value £300K Total borrowings £360k After roughly six months the first house will be sold with…
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Mortgage advice
Hi, We are starting to investigate the best way to finance a £100k double storey extension where we will need to borrow £40-50k.. We are mortgage free on a £375k property at present & have endowments that will mature in September 2016 that will cover the cost of what we want to borrow. We also have a 50% share in a second…
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mortgage and dmp worry....
hi guys ok me and my partner recently separated. im keeping the family home and she is willing to sign it over to me. so to do that we have to go to the bank so they can asses if i can pay it on my own and then on to a solicitors. my worry is, im on a debt management plan so when the bank does the credit check on me its…
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FTB recently returned from living abroad
My husband and I returned from living in the US 6 months ago. We were out there for 2 years and kept all our UK credit cards and current accounts. We both have excellent credit ratings and are employed full time with a good income. We've spoken to a broker who says that because we don't have 2-3 years residence history…
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Interest only mortgage
Hi I have a property worth about 80k thats paid for. I also have savings of 30k. I wondered should I go for a new mortgage to buy another house for me to live in, could I put that deposit down and set it up as a n interest only / payment in bits mortgage. Eg meet the 300 a month interest but sometimes pay off lump sums…
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Advice on a remortgage before end of 5 year term
I took out a 5 year fixed mortgage @3.89%. I have 15 months left on the term of the mortgage. There is an early payback fee of £2000. I want to borrow an extra £15000 to build an extension. my LTV would be 58%. I can not decide what to do. What would you suggest?
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BTL advice please
Hi All, This is my scenario. Me and my sisters have placed money together to put a deposit down on our first house. We couldn't get a mortgage in our names so we have done this through my father (house is in his name). Deposit amount was: £65k. My brothers money and I: £40k Loan amount: £25k House purchase price: £250k My…
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is it ok to submit your supporting documents directly to lender?
Hi, following on from my 'birth certificate' thread. the lender has asked for my birth certificate and change of name deed poll from 1999. After a long exhausting day I have found these yesterday evening. There is an email address on Kent Reliance 'brokers@krbs.com' can I just email my copies of the above directly to them…
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Nationwide Flexclusive 4 Year Fix....
Been looking at mortgages available and have stumbled across the Nationwide Flexclusive 4 Year Fix. Neither myself or my gf bank with Nationwide at the moment but from looking at their T&C's for eligibility it states that... Am I right in thinking I can just sign up for one of their FlexDirect current accounts (I've no…
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What options do I have?
I have just been turned down by the post office for a £62700 mortgage on a £66000 property. (5% deposit, help to buy) My credit score at the moment is 725 on experian recently reduced to this by searches from mortgage lenders. I have an income of £24k. According to the underwriter, the reason I was turned down was due to…
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Halifax £500 cashback query!
Slightly confused! Cut a long story short.. The sellers pulled out of our house purchase at the last minute so had to look for another property. Found property and gave our mortgage broker the new address details so he could go and update the excisting mortgage application with the new address details. He did this and has…
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Are the rates/figures advertised online accurate?
Have been looking at various lenders over 30 years for a £100,000 mortgage. Just using Google's mortgage search as a quick benchmark, are the prices they quote there likely to be what we will end up paying if we get a mortgage approved with that lender? Or will there be variation/other things that can bump the price up…
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Remortgage or By to Let?
Hi, Remortgage or buy to let? Might sound a silly question but as the last time I dealt with a new mortgage was almost 20 yrs ago I am relatively "new" to this. I have a property with a tiny mortgage on it. I'm looking to use the equity on this property, combined with a cash lump sum to buy another property to live in. The…
