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Best BTL fixed rate?
Hello all Looking to remortgage one of my existing BTLs to free up some cash Situation: Ex-council flat in central London in a building with 4 floors. Current value is £400k with £150k left on the mortgage. There are two couples renting the flat for the past two years. Current rent is £1,800 before EA fees of about 10% inc…
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Gifted Deposit from wife and its implications
Dear MSE I recently applied for a mortgage with Natwest and asked for the mortgage just to be on my name as my wife has credit issues. Some of the funds for the deposit have come from her account and so Natwest are asking my wife to sign a Confirmation of Gifted Deposit. Wife is happy to do this except the wording on there…
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Frustration with Barclays over online access to mortgage account
I have a Barclays base rate tracker mortgage which was originally a Woolwich one. My recent annual statement said that I could get online access to details of my balance and payments. I wasted a whole hour this morning being passed from person to person to do what seemed to be to be pretty straightforward process. Then,…
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Mortgage and Debt Consolidation
Hi Just want to ask an opinion just now. I have a mortgage with 43K left to pay (Next 15 years) I have managed to get 22K of debt with Credit Cards and a couple of loans. I have never missed a payment on any of them. My property is worth 70K I did recently release 15K on my mortgage (4 years ago) for repairs etc. Would the…
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Do I need a solicitor to pay my stamp duty?
My solicitor asked me if we want to pay stamp duty through them (they will charge £50 + VAT). Can I pay the stamp duty without a solicitor? If so how?
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Nationwide mortgage product switch
We have a mortgage offer from Nationwide for a 5 year fixed at 3.34% - we see that they have recently reduced their rates and we are thinking of asking to switch to the new rate of 2.94%. I assume its just a 'change of product form' or something similar or is it a whole new application? if its just a form, do you know…
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Self Inflicted Mortgage Nightmare
Hello, I'm writing this thread for my own sanity and I fully expect, nay encourage you to provide as much critism as possible. As I have royally screwed up and ultimately lost everything due to my dishonesty. In the last week my partner and I applied for a mortgage via an Estate Agent mortgage broker after putting an offer…
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Joint or sole application for remortgage on unencumbered property?
My husband and I have paid off the mortgage on our house a few years ago. We have been doing some building work which is costing us more than we thought and we would like to take a mortgage out to release some equity to fund this. It would be less than 50% of the value of the house. I understand we are looking for a…
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Lender asking for birth certificate??
the lender has asked for 'proof' that my father is my father (he's gifted money to me and we have provided the 'famous' gift letter already) so mortgage advisor is asking for a birth certificate I AM SUPPOSED TO MOVE IN 2 WEEKS !!!!!!!!!! I will be homeless, how can they play games with me like this????…
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Refused a mortgage because I have only had my current job for 4 months?
Hi All, Here's the situation. Currently got a mortgage with Skipton and we want to move house, so need to borrow more. (Never missed a payment btw.) Have to stay with Skipton or pay £2000 early repayment fee as we're on a 2 year deal. Both my partner and I have full time jobs with a joint income of over £55k. Now my…
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Remortgage - fixed term contract vs permanent
My current mortgage with the Woolwich is not due to expire until early next year. My property has been let whilst I have been away travelling (with consent from the Woolwich). I am now planning to move back into the property but do not want to go straight back into a permanent working role and am looking to get a 6 month…
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Can we remortgage to borrow more for home improvements?
Hi our current lender has said we could re mortgage ( our fixed rate term is ending) to get a better interest rate with the option for more borrowing BUT there are 3 people on the current mortgage/deeds and to re mortgage they will only allow 2 on the mortgage Does this mean that 3rd person can simply be dropped from the…
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Mortgages for bad credit
Is there anybody out there that has recently had some success with being approved for a Mortgage with bad credit?? I have defaults and 1 CCJ which are at the end of their 6 year period and are dropping off as we speak. Last to drop off is CCJ next July. My Wife's credit rating is pretty is brilliant. We would like to buy a…
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Applied for a DIP with aldermore
Hi, I have applied for a DIP with aldermore online. I received s email that says "This is a confirmation that you completed your DIP. You have not selected a time to be called back". Does anyone know how long it takes to get a DIP from them?
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Bad credit mortgages
Hi I am new to this but I have searched the net for advice or to hear others experiences of bad credit loans. Anyway I am recently married my husband owns our house and we have around 35-37k equity in this house. The house went on the market yesterday. 12 months ago my husband closed his business of after 12 months of…
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Wait until remortgage or over pay now
Hi, I was hoping for a bit of advice please. I've had my mortgage for just over a year now. I paid the 10% maximum off in January '14, so it's coming closer to the time where I can pay the same chunk off in January '15. BUT we're going to remortgage in July '15 anyway, as our 2 year fixed rate deal is up (Santander 1.98%)…
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Mortgage Almost Approved?
I've been going through the process of getting a mortgage for almost two months now after having an offer accepted on a house back at the end of August. Before putting the offer in my mortgage advisor had already received a decision in principle and told me everything would hopefully be through in around a month. Almost…
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can smbd explain how mortgage process works?
Hello everyone, we are in a really strange position. Our mortgage has been issued on July 23 but it still hasn't reached our solicitor. Our mortgage broker is London and Country, lender is Nationwide. We are using a solicitor who is not on a Nationwide panel, as a result it is dual representation, which our solicitor…
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How much can I borrow calculators + how much do you pay?
I realise this is going to be dependant on personal circumstances, etc ... 1. How accurate do you find the 'How much can I borrow' calculators on lenders web-sites? For example, we have a joint income of around £81k, no children (and won't be having any!), no outstanding loans or credit card balances, though I do pay £400…
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Price renegotiation after mortgage offer
We are buying a property and the mortgage is with HSBC. They did a basic valuation which came back ok, we received a mortgage offer which we signed and sent back, and have also signed the legal mortgage deeds and sent them back to our solicitor. We have now had our own full structural survey done on the house which…