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Mortgage Renewed without consent
Hi, I've tried looking for advice on my situation but have struggled so thought I'd ask here. I split up with my husband early this year. We agreed he would stay in the jointly owned house, paying the bills,and I'd move out with the children as I couldn't afford the house. Our fixed term was ending in October. He wanted to…
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Waiting for offer but EA pestering us
Hi Wonder if someone could advise. We have submitted an application with Natwest and now have a 5-7 day waiting period. We offered on a house just over 2 weeks ago and immediately got things going in terms of instructing a solicitor and proceeding to a full mortgage application after initially getting the AIP. Natwest key…
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3 or 5 year fixed, not sure what to for the best!!
Hi guys, So me and my wife are buying a house and have been approved for a mortgage but I am in a real quandary about whether to go for a three or five year fixed. I have the choice of a 3 year fixed at 2.9% with repayments of £677 or a five year fixed at 3.8% paying £746 a month. I know it is all personal preference but…
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Mortgages and rebuilding credit history/problems
Hi guys.. My recent posts have sparked some good advice. To keep things simple, I have adverse credit which is gone next July(6 yeas up:). I have up to 5 missed payments on one account which was 'settle' 4 years ago. And Pay day loans, last one dating May 2012. I have a 10k deposit with the wife. And looking to buy a house…
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First time buyer mortgage advice
I got an agreement in principle for £5k more than I'm going to pay for the house. I would like to use that £5k to do some work to the house but I'm not really sure where I stand. Is possible for me to continue with my mortgage application based on the higher value and spend the extra £5k as I wish? Or do I just tell my…
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Mortgage app and sending original documents.
Hi, The mortgage lenders have contacted us asking for documents and that we send the originals. This isn't a problem but obviously is s worry sending our original pay slips etc. Do we definitely get these back? Do we need to send a stamped addressed envelope? Thanks
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Chances of a mortgage after a DMP
I was looking for a bit of advice. I became debt free in August of this year and am now looking to move to a new build house. I had substantial financial difficulties and received 4 defaults, 2 of which have now disappeared from my credit file. The next default runs its course in March and the final one in May 15. What I…
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Ignore
This has now been sorted
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Buying a house which has been left in a will
Hi, I am one of 6 grandchildren, my nan has recently approached me to buy the house in question and the other younger grandchildren can get their share and keep it in the bank, she thinks I can use my share of the house as a deposit, is she correct? Or would I have to raise a deposit for a mortgage to buy the others out?…
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Switching a mortgage mid-term
Hello guys, I am a newbie here *waves* and wondered if you could give me some advice. I am on a mortgage deal with Lloyds at 5.09% interest right now. Its a 68% loan to value setup. I am 2 years into a 5 year term. I spoke to them today and they told me early repayment charge would be 3% = £3915 (it comes down from 4% as…
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New Mortgage with lodger
I'm looking for a mortgage that would allow a lodger. I have not bought the house yet. I would not need the rent to be part of the income for affordability purposes. This is a lodger- not a tenant (though I'm not sure some of the mortgage advisers always understand the difference) I came across this old thread:…
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Mortgage Application - Co-Ownership
Hi, I have applied for a mortgage with Danske Bank for 50% of a house at £124,950 through the Co-Ownership scheme in Northern Ireland. I am a Civil Servant and out of probation and am applying for the house by myself as my partner has recently went self-employed and must wait a couple of years before she can be added on. I…
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How to appeal/contest Satander/Abbey offer?
My mortgage advisor (independent) has gone AWOL and Abbey have put a retention on my mortgage which makes little sense. Whilst I appreciate that it is Abbey's decision on who they lend to/and what they lend - I want to appeal the retention imposed. When I have spoken to someone in a call centre, they have said I must go…
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FTB - Electoral Roll
Hi all Please accept my apologies if this has been answered elsewhere, but could do with a bit of clarity/guidance with regards to a FTB mortgage and the electoral roll. I was on the electoral roll for all 3 of my previous addresses under my maiden name. Married July 2013 and completed forms to be registered at last…
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FTB YBS Mortgage Angst - worrying about nothing?
Hi all, Complete newbie here - although I’m a long time forum lurker! So please be gentle with me :) Background: My Boyfriendand I are FTB’s and had an offer accepted on a house in early October. We had our mortgage appointment with YBS onthe 17th October, provided all documentation as requested andinstructed our…
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Gifted money towards mortgage
Hi When me and my wife found a property we went to the bank to see what mortgage we could get. My mum wrote a signed letter that she would give gift us £80000 unconditionally no strings attached and my brother said he would gift £6500 in another letter. Both these letters were handed to the bank. We got an agreement with…
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Retention Help!! (SO Mortgage)
I am a first time buyer and have had an offer accepted on a shared ownership house (50%) and the purchase price matches that of the lenders (Abbey) surveyor's current valuation. To outline, the house's purchase price, at 1000% is £65k - therefore my 50% is £32.5k - the surveyor also valued the house at £65k, but outlined…
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Outstanding loan on my joint mortgage when remortgaging my sole mortgage
I have one joint mortgage (with my wife) and one sole mortgage, and in order to release some fund I would like to remortgage the sole one to another lender. My question is when disclosing my outstanding loans to a new lender should I include half of the home loan remaining on the joint mortgage or the full? My concern is…
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DunstonH, please does this seem correct?
In March 2008, I posted the following Please would you cast your eye over the following and give me the benefit of your professional opinion. Should I stay or should I go? After reading all the negative feedback on this forum regarding Phoenix I would be grateful if you would advise me the best way to proceed regarding…
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Porting a Mortgage
I have just been refused the porting of my mortgage by Virgin money. I took out this mortgage on the basis it would be portable as I knew i would be moving. The new mortgage is a much lower amount than before so the payments are much more affordable. Presumably Virgin are just after the redemption fees rather than the…
