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Bank error delinquent account stopping mortgage offers
Hi I'm really hoping you can help, we have been in our rented property for 5 years and have just had our 2 month notice period to move out. We have found a property to buy as my mum just downsized her house and is able to lend is the deposit. We had a mortgage offer in principal from L&C so found a house within this budget…
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Moving Options
Hi Just wanted to get some thoughts on what we're looking to do later in the year and whether it might be viable. Currently have a mortgage with Santander 0.99% flexi lifetime tracker. We're looking to move later this year and have been told we could apply for extra borrowing with them at the same rate (!) however the only…
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Mortgage Application - chances of offer?!
My partner and I have applied for a joint mortgage with Loughborough BS and received an AIP beginning of January. We have now gone on to full application however I have a few concerns. The mortgage advisor at the BS said that a credit search was done and was ok ( partner and I have a satisfied default which is due to drop…
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Agreeing mortgage in principle
Hi, What do mortgages lenders look at when agreeing a mortgage in principle? We currently have debts on credit cards (35k) however we soon have the funds to repay this and before full mortgage application. I know the sensible thing to do is wait until all cleared however I've seen our dream home! The sellers haven't found…
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Private mortgage and credit file
Hi all! I have just joined the forum and am looking forward to being part of the community, lots to read through first I think! I am about to purchase our next house using a private mortgage - the money is being loaned to us from a family member for a couple of years at which point we will re-mortgage and pay them back…
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Lenders that give Mortgages for Tier 2 visa holders
Hello, I have been searching google and a number of forums as well as the bank's websites and haven't yet been able to get a definitive list of banks which will lend to first time buyer in the UK without a permanent residence/Indefinite Leave to Remain. So below is my situation :- 1. Been in the UK for 4 years now 2.…
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Mortgage on PhD stipend & renting rooms
Hi, My partner and I would like to purchase a house with a value of up to £300,000. We have a deposit of £45,000 (i.e. 15%), and intend to rent out the two extra bedrooms for a total of £800/month. He is on a permanent contract earning £26,000 and I am on a funded studentship with an income of £13,863 (tax-free) per year.…
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Buy to Let Under £50k Help!
Hi new user here, so go easy!! Ive got a residential mortgage to which I let out as I work away from home. I also have 3 buy to lets with the Birmingham Midshire/Halifax I have agreed to buy a property for £48,000 to which I cannot seem to get a mortgage deposit having 25% deposit and no debt :mad: A lot of companies wont…
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Its not a 'Freehold Flat'!!! Or at least that's what I think... I think?!?!
My wife retained ownership of her flat when we moved in together and we've rented it out ever since. Its a 1-up, 1-down converted house. My wife owns the ground floor flat and also owns the freehold of the whole building. Now there has been some confusion recently when briefly mentioning it to a mortgage broker with…
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Nationwide launches lowest 10 year fix on the market - 60% LTV with rates from 2.84%
For those of you looking for the security of a long term fix, Nationwide are introducing best buy rates for 10 year fixed rate mortgages up to 60% LTV. They are available from tomorrow and will be 2.94% for a ten year fixed with a £999 product fee (2.84% for existing customers). Remember that, although product fees have a…
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Buy to let mortgage & a 2nd regular mortgage
My daughter & boyfriend want to get a buy to let mortgage, have enough for a £25K deposit, not yet found a property. However, if in 3 or so years time they then find a house they would like to buy for themselves to live in, how are their finances affected with regard to getting a 2nd mortgage? Is it advisable to do one in…
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switching products with same provider with ccj??
hi can anyone advise please, we know in our situation that we cannot get a re-mortgage with a different company because of our poor credit, but my question is would we be able to swap products with our existing lender now our fixed rate has ended, what sort of thing do they look at when switching products as we are on a…
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letting own property
Hi there, Would someone be able to help me as to what the process would be (ie what to do first and at what stage - don't want to start things too early or late) with renting out my property and buying another? Idea being to get a buy to let mortgage on my current flat where i live (keeping 25% equity in it as i believe…
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Additional Borrowing and Subsequent Remortgage
Hi All, Just after some basic info.... We have a mortgage at the moment, LTV is probably at about 79%. We are interested in additional borrowing to help fund an extension. Our lender has been pretty helpful, and essentially advised us that we would have two mortgages going forwards: a main one, which we are fixed into for…
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Advice on full application.
Hi, Ive done this to death somewhat in another thread but still not sure on the following. Lender is Woolwich, mortgage in joint names with my wife. Full application tomorrow for house move which requires further borrowing. Woolwich have confirmed on the phone that they would allow a single application in my name. Reason…
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Short Term Mortgage to simplify house chain
I am looking to move, primarily to be nearer to my wife's place of work. We are in no real hurry to move, but when we find a house we like, we would like to be able to move swiftly (and ideally simply). We own our current home outright, and also have savings for a deposit on a new house, so were wondering on the sense of…
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Morg clear or buy to let ?
Hi ive been left around £45k should i pay this off my current morgage of £67k 0r use it as a deposit on a buy to let ??? so confused help...
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Mothe-in-Laws income for mortgage
Hello, I'd like some advice please. My mother-in-law was widowed last year and cannot bear to live alone in the house she owns mortgage-free. She has sold her house and will gift the majority of the money equally to her three children. She is going to move in with my sister-in-law, who wants to buy a new house for them all…
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help with getting a mortgage
I am single and finding it difficult to get a mortgage!:mad: * I take home £1100.00 per month. & i can do as much over time as i like. * I have £5k in my savings. * I have been credit checked and i have no problems regarding this. All i want is a property, 1 bedroom with a private back garden that allows a medium size dog.…
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Joint mortgage with sister
Hello, I have a joint mortgage with my sisteras tenants in common. Our relationship has broken down. We can’tlive together. What are my options in terms of what Ican do? I love the property but one of us has toleave and she refuses to, and will not compromise in terms of the possibilityof renting it out and both of us…
