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Product transfer with Halifax
Hi, My fixed rate with Halifax finishes in September and after speaking with my broker, he advised that he will record my salary at that point but Halifax won't request it as part of the transfer. Bearing in mind my salary might have reduced slightly from when I initially took out the mortgage, is this information correct?…
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Mortgage, DMP, Defaults and satisfaction dates
Afternoon all, new member and first post here after many years of lurking whenever I need advise. Firstly, apologies for the lengthy and vague thread title.... Background Story - 8 years ago at the grand age of 21 I bought my first house entirely in my own name with LTV of 95%. Shortly after my circumstances changed and…
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Director of ltd by guarantee company & mortgage
Hi I'm in the process of changing an AIP into an actual mortgage offer through a broker. It's a joint mortgage, my partner is self employed and we have reported his income based on last three years. Have SA302s. I am a company Director of a company ltd by guarantee NOT by shares eg I can't draw dividends through the…
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what credit rating is needed for a mortgage?
Hi me and my partner have decided to save for a mortgage for a house as we understand the money we are paying in rent is dead money, in the past i got quite a bit of debt with a higher purchase loan on a car and a few credit cards i maxed out, this is all payed off in the last few years, last one was payed off 1 1/2 year…
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Consent to let question
Hi I have just recently remortgaged and am with Virgin Money. I've only had the mortgage for 2 months. I was planning on applying for a consent to let, however was advised that they wouldn't be able to do this until I've had the mortgage for at least one year. Is there anyway around this? If I had to relocate for my job…
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Repay endowment or invest?
For some reason my endowment has matured a year or so earlier than I had expected. It's just over £25k (although still a shortfall on the original loan which i will sell shares to pay). I am just about to repay it to the mortgage company but realise I am only paying 0.73% interest and it will only reduce my monthly payment…
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Savings or Mortgage Overpayments?
We would like to overpay on our mortgage once our debt is paid. We currently have no emergency fund. Would you save an emergency fund first? Or would you put money into both pots? Interested in hearing what people think is best. Thanks.
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Processing fee not refunded after agreed in principle then declined
Hi, Does anyone have any advice on this issue: A lender wont refund the processing fee for an application after it was agreed in principle and then declined based on our accounts not being good enough for them to lend us the amount we need. In detail: Found a mortgage with Accord mortgages using a broker (fee only on…
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Purchase the freehold to my flat
Hi, I live in a purpose-built block of 12 flats and I am in the process of purchasing a share of the freehold. Will this increase the value of my property? Should I tell my mortgage lender? Thanks
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Problems getting BTL Mortgage,
Morning All, I'm struggling (read "can't") get a BTL mortgage for a property that I used to live in. Nor can I obtain consent to let from the bank since I've had that for a year already. I understand how unappealing I may look (despite the exemplary repayment record): Self-employed for just over a year, didn't turn a…
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Pensioners being asked to leave their home
My parents own a house in wales and have re mortgaged a while back on interest only. Their term came to an last year end and the mortgage company asked them to start paying repayment which they cannot afford. The mortgage company then said they are going to repossess the house and they had to put it up for sale. It remains…
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Advice Please
Could someone offer advice on if the below is possible? And if so what the best way to go about it is? Is it possible to buy a house jointly with your parents where they own 50% and my sister owns 50%. But they put their 50% down as cash but my sister gets a mortgage for her 50%? For example if the house cost £200,000…
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Part repayment/part interest mortgage questions
Hi all, Our three year fixed rate of 3.59% with the Post Office (Bank Of Ireland) finished in December 2014 and we have reverted to the SVR of 3.99%. Our mortgage is 236k (house value is 290k) and is split 35% repayment and 65% interest only. I'm trying to stay on a split mortgage at the moment as my wife is on maternity…
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Mortgage Refused - Computer Says No!
Hi, My wife and I are currently looking to move home and upsize. I currently have a mortgage with Halifax who I have banked with for over 15 years (current mortgage in my name only). So we went to apply for a new mortgage and were rejected. The mortgage advisor stated that the only thing she could see which would cause it…
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Car Finance option V's first time Mortgage application
Hi I wonder if you can help give some advice. I am due to hand back my car in a few months (HP Deal) I obviously need to get another car but I am also wanting to look at buying a house this year too. I want to know which car finance option is the best for when I apply for a mortgage. Is getting a loan and a 2nd hand car…
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Best Way Forward?
Hi. Just had a call with NRAM, my mortgage provider to check out what a possible repayment plan would look like. With them 8 years. Currently, I owe £141400 on a property worth around €111000. I am on an interest only special, SVR rate (at, I think 4.54%) paying around £540 per month. They sent me a letter to say that…
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B2L for overseas buyers - Help!
Hi! I was wondering if anyone could help me with some information about B2L for overseas buyers. I'm currently a British passport holder with a small portfolio of B2L I acquired when I was living in the UK, I've since relocated out of the country for work and was wondering about the differences between securing B2L…
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Help To Buy - Equity Loan Scheme
Is there anybody who knows anything about the Governments Help To Buy Scheme. The office i have been dealing with seem to be very laid back about the whole process, and seem to think its just a case of filling in a very odd looking form after applying for a mortgage. My bank has nothing to do with the scheme in terms of…
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Do I have a case?
I have had my joint mortgage with a certain bank for 9 years I have never renewed my mortgage with any other lender as when my husband and I originally applied with said bank they told us that we would have difficulty in being accepted for a mortgage with any other lender because my husband has a chronic illness and that…
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Remortgage with a DMP?
Hi All, I am hoping someone can help- we are looking to remortgage as our fixed rate period has run out. We don't want to get any more credit, just to fix it so we know our monthly payments. We currently have a debt management plan, however our credit report is still poor due to one creditor refusing to default us, just…
