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Borrowing against a btl for home improvements
I have applied for a remortgage on a buy to let property. I was out of a fixed term with my previous lender, I applied for a new mortgage with a different lender to pay off the existing mortgage and for some extra - when asked for what it was for I said to pay off the small mortgage on my home and to do some work on it.…
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Repossession?
Hi Haven't been on for a while, but need some advice please. In August 2016 the mortgage is due to be finished. For the last 6 years, we (ex. and I and DWP) have paid interest only, leaving a large sum to be paid off, which we cannot do. (Details about our split, my life etc; are well documented on here previously.) Both…
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Joint Mortgage Application and a default
Hey everyone, after some advice. My partner is selling his flat and buying a house. I still love with my parents. Plan is once he has house I would move in with him. He has a large deposit from the fat (£117k) and had got an agreement in principle for £166k for the mortgage. However in the last few days the rules changed…
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Recent experience of application process for Barclays / Virgin / Santander?
Hi All, Anyone used one of the above banks for a mortgage recently? I'm thinking specifically about a Help To Buy (Mortgage Guarantee) high LTV mortgage. My last application was with Post Office / BOI and went extremely swiftly and painless. Two phone calls and one applciation form and everything was sorted, no lengthy…
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BoS/halifax mortgage
Hoping for some reassurance folks. We got a mortgage promise on 1st Dec. Offer accepted on the house 15th Jan. Mortgage application started on 19th... Sent to underwriters to ensure we were eligible for 5% mortgage. Confirmed 21st Jan. Mortage advisor at BoS off on holiday until 26th Jan.. Back in to finish that day. So…
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Mortgage in Principle and change of circumstances
I did an affordability check with Halifax for a mortgage application and they took 60% of my Tax Credits into account. I then got a Mortgage agreement in Principle where they did again income calculation and credit checks, both of which I passed. I have now booked and paid a surveyor who hasn't been around yet. As we are…
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Getting a mortgage to Buy in a different part of the country
Just looking for some advice/opinions My husband and I want to move to Wales (we currently live in London) in the summer and would like to buy a property there. We would like to start looking now and have a house in place before we go. Our combined income at moment is £90,000. However, neither of us has a job in Wales yet…
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Keep or close mortgage fully offset
Hi, I have an offset mortgage that is now almost fully offset. I have on a linked savings account almost the same amount as what is due to be repaid on the mortgage. I am thinking about just paying off monthly the capital from the savings account until the end of the mortgage term, as opposed to repay the mortgage now and…
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transfer of equity or something else?!! :-/
How do transfer of equitys work? A couple of years ago I tried to remove my ex's name off the mortgage and go on a better deal, I was denied as my ex partner has a charge against the house for £1500 for non payment of some purchase he had on credit. If I was to pay this debt (there is no equity on the house and there is no…
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is there any lenders that will accept our gifted deposit from my uncle?
we have £50000 from my aunt and uncle and £25000 saved. However we are finding it hard to find a lender that will acceot this deposit as its not from Parent/grandparent. has anyone any experience of this before?
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Mortgage in single or joint names
My husband earns approx 30k and I am a housewife. We have just moved out of our property which has consent to lease. My husband has received an inheritance and we are considering buying another home. When I look at the affordability calcs the joint borrowing amount is greatly reduced. Would my husband be able to borrow…
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Deposit source
Researching a lot into mortgages to try and understand the various pitfalls etc. Could someone help me with this question? Me and my partner are looking at buying our first house. We both have decent incomes but my partner has very poor credit so only I can apply for a mortgage (we're not financially linked) The thing is,…
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Mortgage arrears
HAS ANYONE HAD ANY DEALINGS WITH 'FIELDCALL' ? IF SO COULD YOU PLEASE TELL ME WHAT YOU KNOW We are one month behind with our mortgage with the woolwich/barclays. We had a phone call from 'fieldcall' telling us they were going to visit us and discuss our arrears. We are trying to get the money together to pay off the…
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Sub Prime, High Street or Nada
Hello good people. In a nutshell, thoughts on the below if you would be so kind, and yes I will be appointing a broker. So, Combined Salary 93k Unsecured Debt (33k) - (I hereby invite the usual suspects not to take moral high ground on this) Credit File.......partner has a handful of '1's last one about 21 months ago,…
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Mortgage fee: add it to loan or pay upfront?
I was just about to sign up for my first ever mortgage when I noticed an £800 arrangement to be added to the total borrow. Now is my opportunity to amend this if necessary. I probably did 'ok' it verbally, but in retrospect I feel this bit was rather rushed past me as the normal thing to do. Wouldn't I be a lot better off…
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Obtaining mortgage after repossession
Please help! I brought a property with my ex partner in 2008, he became violent so I moved out and it was unofficial that he continued to pay the mortgage. I then receive a letter stating the mortgage was not Paid and they were going for repossession. I pleaded with the lender who said unless I could give them a huge…
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Remortgaging whilst in a debt management plan
I have a mortgage with the Nationwide with a balance of 78k and the value of my property is around £125k. Im currently in a debt management plan and have just under £14k to pay back. I approached the Nationwide who refused to allow me to use some equity to clear this. Does anyone know if there are any mortgage lenders who…
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Advice on getting a mortgage without UK address for 3 years
My partner and I are wanting to get a mortgage. We both earn around £40K a year with £20K in savings. The only catch that we have been told by Nationwide is, as my partner is from New Zealand and he doesn't have three years worth of UK address. By January 2016, he would of only had 1.5 years. Does anyone know a way around…
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Using existing property to buy another
Hello there. I have an existing mortage-free property which I let out and am looking to buy another to live in. Is there any way that I can use the first property to improve the offer that I can get from lenders or to increase the possibility of being accepted by a lender?
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Paying off debt from sale of house
Hello, we're selling our house and will be using part of the proceeds to pay back debt and some of the rest as a deposit on our next house. Will a mortgage company lend us based on existing debt or will they overlook that if I explain that it won't be there once we've sold? I'm concerned that we won't be able to borrow…
