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Mortgage after separation
Hi, Myself and my ex-girlfriend have a mortgage on our property, for which the term under the current rate ends in May 2016. Rather than sell and pay the redemption fee, we decided that I would move out, and she would remain in the property and have a couple of lodgers in, which will cover the mortgage and give her a…
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Name on Title deed
Hi everyone, I had a mortgage ten years ago but my house was repossessed four years ago and I ended up having a shortfall of 140,000 which the bank has not been asking for until now. My question is I married now and we just bought a house. The mortgage is in my wife's name but I paid for everything like deposit,…
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House Purchase - Consent to let
Hi All, Im currently in the process of putting an offer on a house, however there is a possibility I will be leaving the UK in 6 months for around a year. The property is £170k and I have a 20% deposit. Are there any specific mortgage lenders who are more open to the idea of consent to let? (Especially after 6 months or…
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struggling to get a mortgage for ex-council house with local occupancy clause (sec157
Hi, I'm in the process of hopefully buying an ex-council property as a buy to let. However I'm struggling to find a lender because the property has a local occupancy covenant on it (section 157). I am local so I'm eligible to buy, but they won't lend. I'm gutted because I love the house and was hoping to live there myself…
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Time to exchange with a keen seller?
We have received our mortgage offer, done valuation and homebuyers and instructed solicitor to request the searches last Friday. We have been informed that the Seller's solicitor already sent us draft contract. I also know that they are keen to sell in order to buy their next place. How long should I expect it to take…
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Are we likely to get a bigger mortgage or not!
Hi - We currently have a mortgage which we got when both my husband and I were both working for an employer. My husband now works as a self employed childminder. We would love to move to a bigger house but just worried we won't get granted a bigger mortgage. I currently earn £27Kish after expenses etc my husband brings in…
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Declined mortgage offer!! on to the next lender...
Well after being convinced by our MA that our overdraft's were not a issue we proceeded with the application with NatWest and they declined the offer:mad:...MA doesn't seem to know why, and is shocked as our salaries are more than enough and we matched their underwriting criteria credit check they even carried out survey…
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Mortgage Broker - Glasgow
Would anyone on the site be able to recommend me a decent mortgage broker in the Glasgow area? I havent much of a clue about which mortgage is best but thinking offset may be the way to go but would like to be more certain than just my own assumption. My situation is im moving to a new build house and have a particularly…
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Looking for a mortgage broker
Hi all, I'm in the market to buy my first house. It's all very daunting and a bit overwhelming but this looks like a great place to get some good advice. My situation is as follows, I've got a pretty good credit rating I believe, no outstanding debt (just around 9 payments left of my university student loan of around £300…
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Does being seperated not divorced effect mortgage application?
As the title says, I am separated but not yet divorced. It was all pretty amicable from both sides and we have to wait two years to get divorced under the 2 year separation grounds. I am looking at purchasing a house within the next year (first time buyer) and I was wondering if being separated not divorced yet would have…
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Using an IFA for mortages
My partner saw a house she liked. We both did not know much about mortgages so we needed more info. We spoke to the estate agents who booked us in for a free consultation with their appointed in branch IFA. He gave us the ins and outs and found a lender who meeted our requirements. He then broke down the fees and costs,…
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Lifting Mortgage Retention
We have had a mortgage offer which includes a £3000 retention. The conditions are: - Vermiculite insulation may contain asbestos - Testing required - Inspect cavity wall ties - Full PCA Damp and Timber report - Renew external decorations (repainting of fascia boards) - Flat roof specialist to advise on flat roof condition…
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sell house to clear debts and get new mortgage
Hi, any advice would be appreciated. Im thinking of selling my house and clearing all my credit card/loans. Ive now got two kids and i really need a 3 bed house rather than 2 bed flat that im currently in. If i sell my flat i will clear all my debts and have maybe £5k or £6k left over. I can move in with my parents for a…
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scared - gonna apply for a mortgage
Wonder if anyone out there has been on a similar situation. I am about to apply for a joint mortgage but I have poor to fair credit, I have one default on my credit file which is five and half years old. I was in a dmp for a few years which ended two years ago. No debt for two years and all bills paid on time. My credit…
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Nationwide Mortgage Interview
Hi, I'm due to have a two and a half hour mortgage interview over the phone with a mortgage consultant from Nationwide tomorrow. We're porting our existing mortgage and borrowing an additional 70k for our new purchase. They've said we need to have payslips and one month's bank statement, just wondered how they expect to…
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BTL advice needed!
Hii, my wife and I have found a place that we really love. It's right on the seafront and is perfect...we are already planning to retire there! It's currently a house that's split into three seperate flats, all with seperate tenancy agreements. Problem is, from what I can see, most lenders won't touch this, the only one I…
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DIP from Natwest
Hi, I have recieved a AIP from Natwest using their Soft Search check. I had a missed mortgage payment on my current mortgage 13 months ago, will this have shown up on the soft search and checked against their lending criteria?
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Retention query
I have been told due to 1k worth of work that needs doing the lender has placed a retention on the mortgage. Am I right to think even if the purchase price was dropped the retention remains the same as the purchase price would not effect the amount of work needed to be done? I'm trying to get the vendor to resolve some of…
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TSB remortgage income multiple for ltd company earnings
As TSB is not doing remortgage via brokers, i have decided to try going direct. As a Ltd company directors - We can present our income as combination of Salary + dividend or Salary + net profit. (as per documentation on their intermediaries site) 1> Any one knows if they take average of last 3 years or 2 years income…
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Coventry - Flexx for term
Hi This is another of the products I have been looking at when considering remortgaging. They have a variable rate for the term, currently at 1.89% which is attractive (at the current rate). It appears to be the same as a lifetime tracker in that there are no early repayment charges etc., the difference being that unlike a…
