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Unplanned overdraft
Hi Will occasionally going over your overdraft limit affect a mortgage application? This is always paid off in full every month
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Remortgage our house to help daughter
My husband and I own our property outright, currently valued at around £85,000. My daughter, son in law and 4 children rent privately in Telford (ex army). They have been renting for a while and the property they are in is, shall we say, 'lacking'. We have been looking to supplement a better rental for them, but the one we…
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Mortgage term restricted by partners age
Just wanted thoughts/advice on the above, I am 39 and the main earner,my partner is 50 and so the bank are only quoting us for a 16yr mortgage term due to her retirement age? Is there a way around this? I will still be working once she has retired and she will also be receiving a pension + state pension. Thanks!
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When should we apply?
Hi Me & my partner have recently put down the reservation fee for a new build apartment. They are going to be ready in June at the earliest. When should we be arranging our mortgage? Thanks
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Broker took too much from my card!
Hi All I got a call last night asking me to pay the £285 valuation fee. It was agreed the £499 product fee would go onto the loan so I didn't need to worry about that. I gave him my card details over the phone, and when checking my bank this morning noticed that £784 has been taken from my card!!!!! I've sent him a note…
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Occupier consent form
Hi So basically my partner has the mortgage through but because I'm not on it I have to sign a consent form sayin if she defaults I'll move out etc etc Do I actually need a solicitor to sign this if I understand it and work in the legal sector. It just a another con they don't tell you about when buying a house The other…
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12 Months Employment??
Hi As if trying to get a mortgage with a default in August 2013 wasn't hard enough it now turns out i need 12 months consecutive employment as well!! We have an LTV 27% due to a deposit of £180,000 and still this isn't enough because i switched from being self employed to employed with a 3 month gap in between i don't fit…
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Remortgaging with CO-OP
I'm currently remortgaging with COOP. Two things have made me a little nervous. First they only want to deal with queries over the phone not in branch. Second I want to make a lump payment and they've suggested I write a cheque and post it off. My concern is that mortgages are hundreds of thousands of pounds, I should be…
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FTB...advice welcome :)
Hi All, My partner & I have recently just reserved a new build house and we are looking to do the help to buy scheme as we've managed to save over 5% deposit! The house isn't ready until June 2015 and we have received an Agreement In Principle from HSBC. We're getting a lot of pressure from the sales woman who we have…
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Mortgage company charging extra if you use small solicitors
We wanted to use our local solicitor for our house purchase. They informed us that some mortgage lenders won't deal with them (as they are small), and they'd have to incur (and charge us) an additional £150 approximately to go through a solicitor that could deal with the mortgage lender for certain bits of the process.…
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Nationwide Mortgage for Umbrella Company Contractors
Nationwide is among the banks that are considered contractor friendly. I have an application with them(long story), but I thought I would check if people with similar working arrangements have been successful before: - worked in the same field for > 10 yrs - 1 1/2 years working as a contractor using umbrella - contract…
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Chelsea BS offset mortgage options
In September we managed to complete on our first property, and now have an offset mortgage with Chelsea BS. CBS offer three types of offset; 1. Reduced current payments 2. Reduced payments in future years 3. Reduced term In all three interest in charged and compounded daily. With option 3. the payment remains fixed, which…
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Contribution to Mortgage
I lived with my ex girlfriend for 12 months. We had a joint account of which I paid at least £1000 a month into, purely for upkeep of the house. She paid in £500, and paid her mortgage of around £500 out of her own bank account. Am I entitled to anything?
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Is it possible to get a mortgage given these facts...
UPDATE: We completed on the house purchase today and have the keys. Thanks to all who gave advice etc. Now moving over to the mortgage free wannabe board I think...... Was relatively straightforward in the end - offered on 1/12 and completed today. Hi We've already spent some considerable time with one broker who has not…
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Mortgage offer renewal
Hello, My husband and me are first time buyers and are looking to purchase new build apartment that is due to be completed in July or August 2015. We have reserved a slot and need to exchange contracts and pay deposit within 28 days and now we are looking for mortgage offer. We have mortgage broker to help us and he was…
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Leeds BS valuation
Anyone know how Leeds Building Society underwriting works? They have finally instructed valuation today. Does it go back to underwriters after or is offer subject to valuation at this stage? Thanks!
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Credit Score, Joint Mortgage and held to ransom
Hello, I would like some advice on how to proceed with a joint mortgage. To give you an idea of my situation I'll give you a bit (might be more than a bit) of previous history. I purchased a house in 2002 with my wife at the time, the mortgage is in both mine and her name. We had a child in 2003, everything was going well.…
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Student morgage...Help!
Hi we currently pay 500pcm. Me my partner and we have a 8 month old baby. I find it so expensive and frustrating. Does anyone know based on My student loans of 9100 per year My partners annual income being around 10000 after tax Tax credits of 100 per week and child benefit of 20 per week Is there anyway of getting a…
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Shared Ownership - Staircasing
Hi, I currently own 25% of a shared ownership property and would like to staircase up to 100% - I bought this 5 years ago. I was informed by the shared ownership team that when i do decide to staircase, a deposit will not be required however stamp duty may be required to pay. I have contacted my mortgage lender (Halifax)…
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How to Increase Mortgage
We have a lifetime fixed tracker at a good rate and whilst we can transport it if we sell our house and by a new one, the lender says they do not offer increased lending. So they won't increase the mortgage and neither will they offer a second mortgage product as additional lending. So if we wanted to borrow more in order…
