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Registered Charge/Dept on Property
In 2001 I gave a loan as a mortgage to a son,£10,000 as a deposit on property.repayable over 20yrs at variable interest rates. It was never started on repayments and it doesn't bother me. Now because of my age 75,i wish to just clear it as though it never existed,[ie discharge it at the land registry as it was registered…
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Considering FTB, also considering changing job...
Would a recent job change (or change during the first year of a mortgage) affect things for getting a mortgage? More specific details if needed: I've recently began watching the listings with thoughts about my first buy. I have good savings. But there isn't any scope to progress further with my current employer. A…
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First Time Buyer - what checks after decision in principle?
Hi all, My husband and I have just had our offer accepted on a property and will be seeing our mortgage broker on Wednesday to submit our full mortgage application. We have a decision in principle from Halifax for up to £250K. To give you a bit of background, I have a full time permanent job earning £36K per year. My…
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Please advise have I just ruined everything??
Hello, First time posting and I think I have made a terrible error. I have my mortgage offer with Barclays my house purchase is progressing nicely with soliciters now. Today went to homebase to take advantage of their kitchen sale half price plus 20% off. The sales man talked me into the buy now pay in 12 months deal now I…
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Self Employed Mortgage
Hi, I'm after some advice regarding where we stand with getting a mortgage. My boyfriend has been self employed for a year and will be submitting his first full year of accounts in April, whilst I'm employed full time. We then want to start the mortgage process as soon as possible. We are looking at houses ranging between…
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Redundancy remortgage
Hi, I've been self employed for 6 years, income has gone down steadily over last few years so I've got a part time job starting after Easter. Husband has been told he'll be made redundant in 2 weeks time (27 March). Husband is thinking of retraining which will involve 4yr degree course. Can we remortgage if he's a student?…
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Swap rates have lost me my product that i was applying for this week..
For quick info please see link http://www.mortgagestrategy.co.uk/news-and-features/sectors/products/nationwide-to-pull-market-leading-10-year-fix-after-7-days/2019388.article I have been tracking nationwide 10 year fix with no fee it was as follows without fee: 3.04 2.99 3.39 today I am looking getting myself to TSB now…
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HTB Equity Loan and Mortgage Term
Hi All, Quick question (hopefully) we're just about to buy a new home and use the HTB EL. I've read that this must be paid back in 25 years (which is fine as we plan to pay back within the 5 years interest free) does this mean we can only have a mortgage term of 25 years? Thanks in Advance
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Self-employed mortgage?
Hi all, Hoping some can help between now & us seeing the mortgage broker on Tuesday. I really just want an idea as to whether we'll be laughed out the bank! My husband & I are both self-employed, me for 2 years, him for 4. My last tax return showed an income of £27,000 & him £6,000. We have a deposit of £35,000 & are…
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Buying house as tenants in common with parents - how best to mortgage our %?
Hi all, My husband and I (plus two children) are selling our house and purchasing a house with my parents (also selling their house) - so we can all be together... babysitting for us in first instance, and looking after them as they get older as the later intention. My parents have no mortgage and will be purchasing their…
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Request for details, unusual or what?
Hi guys, I not sure that I'm in the right place with this querie but I need some advice. My wife and I have offered to give my daughter some cash to go towards the deposit for her and her partner to but a house. the financial adviser that she is dealing with has requested that we provide 3 consecutive months bank…
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Lease scheme paid up front, affect mortgage?
Hi All, Partner has the opportunity to lease a vehicle through a works scheme, we have a mortgage application which is awaiting offer, we would like to order a car but we are wary due to the mortgage application going through and will not do anything to jeopardize that. My question is, if we paid off the full 12 or 18…
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mortgage deposit advice
hi there, First of all i would like to thank you all in advance for continuos support via this forum. Here is my query I am planning to buy a house in 2, 3 months time. now i am saving the deposit bits by bits but the query is once bank grant me mortgage (i.e mortgage promise), *can i do balance transfer to my current…
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How does consent to lease affect mortgage application?
One for the brokers really or anyone with experience of this... Me and hubby have rented out property and have consent to lease from Halifax. The rent is more than 125% of the mortgage payment and we have been told by Halifax that as this mortgage is now self funding we can apply for a residential mortgage subject to…
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Halifax £500 through a broker
Hi all, My husband and I have had a mortgage agreed in principle through a broker for Halifax. We've now had an offer accepted on a house and are looking at the mortgages. There is currently a £500 deal on Halifax for first time buyers (as we are) on mortgages - it doesn't state that it isn't available to brokers, unlike…
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mortgage with credit cards
Hello, I’m currently privately renting, and saving to hopefully buy early next year on a 5% mortgage. My question is, when applying for a mortgage, where do you stand in terms of credit cards? Currently I’m using about 50% of my credit limit. (0% credit card, so I’m not paying anything) as I had a problem with my car, and…
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In theory
In order to raise the extra 5k deposit needed to get a better mortgage rate (obviously with the loan interest being less than the mortgage interest and therefore making it all more affordable).. Couldn't I apply to a lender that uses, for example, only Equifax... and then apply for a mortgage and not mention the loan,…
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Mortgage with foreign partner
Hi, My wife is foreign and will be coming to the UK soon. The result of this is that she has no credit history at all. She also can't go on the electoral register. Will it still be possible to do a joint mortgage application once she has a job or is this going to be really difficult? My income is not really enough for the…
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Inherited half of parents home....
Newbie - Looking for some advice due to inheriting half of my mothers home. My sister is entitled to half and has plans which she would like to happen fairly quickly. I am not in a position to buy her out but would like to hold onto the property. I did visit a Financial Advisor and we discussed Buy to Let a stumbling block…
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santander Timescale to recieve offer letter
Hi Everyone, I have been confirmed on thurday that my application has been confirmed with santander after valuation and underwriter is happy with everything and offer will be recieved soonly. Can people please share there time scale to recieve offer letter in post , once they have been confirmed that the application is…
