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Removing ones self from a joint mortgage that's in arrears
My story so far I left my husband 8 years ago and before we could settle out finances he deliberately got the joint mortgage into debt ive not paid anything to the said mortgage for all this time and every time we make plans to remove me he puts the mortgage back into arrears so I can't have my name taken off it is now…
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Can I get another mortgage on my own?
Hi Back in July 2014, I started a joint mortgage on a flat with my mother, under nationwide, and currently live there with her. It's 2 year fixed rate. I'm a first time buyer and my mother had a mortgage before, many moons ago, this is now her only one. I do contribute to costs but overall my parents are fine with keeping…
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Mortgage Advice for a first time buyer- sortof
Hi There, I am new to the forum but I just need some advice really. At the moment I live mith my ex-girlfriend. We have a joint mortgage together which we are in the process of bying me out of. Now when I am looking at the mortgages available I am unsure whether I am classed as a first time buyer. I have some other…
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Can first time buyers get a buy to let mortgage?
I heard recently that first time buyers are no longer able to get a buy to let mortgage... is this true? Is it just extremely hard to get a buy to let mortgage as your first mortgage or have they banned it completely? Thank you,
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Only 3 lenders do 90% mortgage on new build?
Hi all Just a quick question, I am looking at buying a new build house in Scotland, I am probably going to have to get a 90% mortgage, I have just spoken to the financial advisor that the seller put me in touch with and he says that only 3 lenders will do a 90% on new builds, is this true? The one he quoted me for was the…
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UK Citizenship and mortgage (first time buyer)
Hello all, I am a foreign national (EEA country) and have been living in the UK for 12 years and am married to a UK citizen. We are in the process of starting to look for our first property to buy and I am wondering whether I should go through getting a citizenship first. I have been told by my bank that they are OK with…
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Mortgage/Loan for Land Purchase
Hi All I am in process of buying land in order to do a self-build house which will become my main residence. The intention was to sell my current house and take a self build mortgage to use to build the new house - relatively straightforward. However the sale of my house fell through in December just prior to exchange so I…
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Santander Deedsafe Scheme in Scotland
I wish to retrieve my paper Title Deeds held by the Deedsafe Scheme , what do I need to do?
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Commercial mortgage advice needed...
Hi all, Just interested in some feedback or views on this situation. Background on my business. I currently run a business from a rented shop and have been doing since 2003. I currently pay £650 inc vat per month rent. The business is a franchise and currently I pay approx £1200 inc vat in franchise fees. I have been given…
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Chances of getting a mortgage
With a bad credit rating of 514 on Experian, what are the chances of me getting a mortgage on a wage of around 40k with a 15k deposit. Score is mainly due to late payments and a default that is being contested. However on defaults every penny got paid back within a month. I would be a first time buyer.
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Advise on mortgage
Advise please we have a £46000 interest only with 11 yrs left the house is worth£ 460000wehave been left some money about£ 20000 We would like to pay this off the mortgage so would leave £26000 Our fixed term finishes February with our building society would anyone be able to help with what we should do we want to go on to…
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Narrowed it down to two... What would you do?
With the help of a broker we've narrowed our remortgage down to two options. 2 yr fix, Halifax, 2.19% onto 3.99% SVR (deal is 60% LTV) 3 yr fix, Leeds, 2.49 onto 5.69% SVR (deal is 65% LTV) No fees on either. 3 yr is only £30 per month more expensive than the 2 yr. re: the LTV. Current lenders computers 'value' house at…
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Mortgage applications - timescales
Just wondering roughly how long mortgage applications are taking at the mo, anyone know? I read online you're looking about 3 months currently, is that right, or is it every lender is completely different? (Don't have one going through yet but hopefully in the near future) Thanks
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Buying Final Share in Property
Hi Everyone I bought a new house 9 years ago on a 'fresh start' deal, basically I got a mortgage for 75% and the deal was that within 10 years or less, I had to pay back the other 25% of the value of the house at that time. I paid £137, 500 initially. Mortgage for approx. £103, 500 and 'loan' for £34, 000. I have secured…
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More mortgage debt?
Hi, What do people consider a lot of debt? Household annual income £98k + £14k annual bonus (consistent), mortgage £186k on house £350k, 8.5 years into a 25 year mortgage. We'd quite like to trade up, so say another £100k debt my thoughts are; Yes - Another £100k at an historic low rate lock in would cost at 3%, £3000k per…
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Htb/el
Ok was messing around on affordability calculator a few days a go but something has just come to me. Halifax calculator. its says combined wages and affordability 179000. We are looking at a new build worth 140k just say 5% deposit of 7k @25 years offers a fix 2 years at £789 a month. So this is the bit I wondering if I…
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Natwest remortgage credit check
I am trying to remortgage to Natwest, borrowing some more money for consolidation as well as home improvements. I have passed the initial meeting and credit check, and am just waiting for underwriter approval. However I have just received an unexpected bill for approx £700 which I have no choice but to put on my credit…
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Joint mortgage - does it matter who owns debt?
Currently I have a solo mortgage on a low value property with little equity, maybe about £5k maximum after selling costs. My wife and I want to move to a better area and are looking at houses in the £100k-£120k range in the northeast. We have a deposit of £10k from my wife's parents. We have a spreadsheet and if we get a…
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£20k negative equity and need to move!!
Hi I currently have a Lloyds tsb mortgage and we are in £20k negative equity. We live in a 3 bedroom house but need to upsize due our family growing! Are there any options available to us other than giving out property back to the bank so we can rent a 4 bed property? Our current mortgsge balance is £97000 and value around…
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Deposit question
Hello, We are planning on selling our house which is in my husband's name and using the money from this for the deposit for a new property. We wanted to do this and move to a joint mortgage, however my husband just moved to a fixed term contract so Nationwide will not loan us money with his name on the mortgage. I can…
