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Remortgage - why do I have to be sole occupier?
My first post so please bear with me :) I'm trying to get things sorted out money-wise after many years of struggling after daft decisions. I have an interest-only mortgage on my house that I am now trying to convert to a capital repayment mortgage - via a different lender. My Mum lives in the house as well but does not…
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Getting a mortgage and going through divorce
I was wondering if anyone had any experience of knowledge of lenders who may be worth going to based on my situation: I have been separated and out of the family home for over a year now. I stopped paying my share of the mortgage when I my wife asked for a divorce and I moved out on the basis that I don't want anything…
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Mortgage/Loan Advice
At the moment were just trying to sort out a situation but fallen on a hurdle and wondering if anyone can advice the best way to go. My Parents live in a 2 bedroom bungalow and myself and wife live in a 3 bedroom house with a family. We have been talking about my parents getting a loan (for home improvements) and go into…
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Mortgage on very low income
Just wondered if it is worth shopping round for a mortgage with my present situation, my partner and i have split up and i will be left approx £70000.I am 55 in November and can take £20000 lump sum pension if i want.My problem temporarily is i am working part time only earning 9500.Will any Mortgage company offer me a…
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Mortgage lenders for ex-bankrupts
Does anyone know which high street lenders will consider ex-bankrupts for a mortgage? My husband was made bankrupt May 2008, discharged May 2009. We know Nationwide are one of the high street lenders that do consider mortgages for ex-bankrupts, does anyone know of others?
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Mortgage in Principle - first time buyer, which bank?
Dear money savers, I need some advice as to which bank to approach for a MIP. We are first time buyers and bank with HSBC but have been put off by friends/media stories of how harsh they are on affordability. Someone suggested first direct but as they are an online bank only I couldn't see on their website whether they…
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Swift loan broker has been banned
Hi new to this will give a quick outline , got a swift second mortgage through a local broker had problem,s and got the as i,ve read you all know the charges swift levy . Last year phoned fsa and they helped getting some back but as I was looking through everything and googling found that the broker who sold me the loan…
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Help with mortgage!!
We have had our mortgage accepted and our house is due for completion in april thats the good news! When we filled out the mortgage application we we're living in rented accommodation until February, we have just moved back into our parents house until the property is complete but we are not on the electoral roll at this…
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Unfair mortgage conditions
My daughter has a tracker mortgage which was taken out with the Scarborough B.Soc in July 2007, the society has since merged with the Skipton B.Soc. The terms of the mortgage are 0.69% over base, interest only, over 25 years on borrowings of £121,000. My question is this: On the offer of advance it states that the lender…
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Student Loan Debt nearly paid - Affordability?!
Hi Just a quick question - I will have £1200 student loan debt left when I apply for a mortgage - I pay this monthly, £363 per month (by direct debit it's not deducted from salary as it's nearly paid off). Will the bank reduce my mortgage amount because of these payments that will be finished 4 months later? Thanks for…
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Joint Mortgage With Brother Possible?
Can you fine folks please advise on if it's possible to obtain a joint mortgage with my brother, as my own salary is not enough to buy a property at the moment, but if we combine salaries, then we can easily get a mortgage for the amount we require, but I don't know, if this is at all possible, we are both married with…
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Buying a house and paying off debts
Hi me and my partner are looking to buy a house. The only thing is that we have a little bit of debt. My uncle is going to put a big chunk of money towards it but we was just wondering is it possible to actually get more of a mortgage than what is needed to pay off our debts so put monthly outgoings are all in one payout…
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First Direct Offset
Hi all, I'm due to remortgage early next year, and i'm considering a FD offset mortgage. My objective is to have sufficient funds to clear my mortgage asap, but have the flexibility of the offset in having easy access to the cash. I meet the FD critieria (earn over 60k), my home is valued at c.250k and my outstanding…
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Car loan affecting mortgage
Hi all, I have a hire purchase loan on a Citroen DS3 that comes to an end in September. I'm looking to take out a mortgage through my bank in a few months time who will give me a good sum if I givemy car back at the end of its term in the autumn. If I don't then it affects my mortgage borrowing quite significantly. I like…
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Getting a mortgage whilst renting
Hi All, Just wondering if anyone here has experience of the above? I have a mortgage on a house that is rented out at the moment - will be keeping that as it is. My partner and I would like to buy something together, we have a 10% deposit. Joint income approx £48k (excluding the rental property income) We have no debt at…
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Buying Property with Elderly Godparents
Hello All.... first time here so please be gentle with me. I am currently in the process of looking into purchasing a property with my elderly godparents. They have been stung by one of these equity release schemes :mad: and the only way they can save anything is to purchase a new property (with both of them in their 80s…
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AIP & HTB Questions
Hi All My partner and I are looking at a potential reservation an a new build plot utilising HTB. We have secured an AIP from Barclays (my bank) for the required sum that we would need in addition to the 20% equity loan. The AIP confirms that final offer is subject to formal application/ underwriting etc etc. Two…
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Which is better (if any)? Loan or credit card
My fixed rate is up in 9 months time - I've not yet experienced the new rules so am currently getting all my accounts in order so that everything is squeaky clean if I end up needing to go through affordability checks. I currently have some debt, split between a 0% credit card and a personal loan. I'm overpaying the…
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Halifax Credit Decisioning Team
I applied for a mortgage via a broker about a week ago with Halifax - this was an amended application because the seller pulled out of the process on a previous house that I was applying against. The valuation was instructed but I have since heard that it has been referred to the credit decisioning team and the valuation…
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Can tenants get valuations?
I'm thinking about buying the house I'm currently renting, but need to get a valuation to find out if it's within my reach price-wise. Is there any reason that I cannot get a valuation on a property that I don't own? I assume I wouldn't be breaking any privacy laws if I did this without asking the owner first... I'd rather…
