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Loan or Equity? No idea
Hi guys, I had a question relating to a decision in principal. My wife and I have recently received a decision in principal for a purchase up to the sum of £180K. We seen a house for £120K and were hoping to do some home improvements to it. Is there anyway we can get the additional 60K as a loan or equity sum? I have no…
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Self emmployed hybrid question
Question answered
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FIRST TIME BUYER Decision in Principle
As a first time buyer I am receiving conflicting advice from the two mortgage providers who are able to lend to me. Which is correct? 1) You can only have one deciscion in principle with one lender at any one time and this 'locks' you to that lender for 90 days. 2) You can have a couple of DIPs concurrently but this can…
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charges on my property
Hi, i divorced my husband after he ran up debts, i discovered he had been taken to court as he had not paid his financial commitments, he chose to ignore letters so the debtors took their cases to court and have now placed charges on the family home. do these charges accrue interest. i believe he is not paying the debts…
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Question about removing one person from a BTL Mortgage
Advice please and suggestions as to anything I may not have thought of - I have a BTL mortgage with an ex partner. We agreed to continue as a business venture when we split 3 years ago mostly due to the fact it wasn't a good time to sell. I am considering buying him out as it is me doing all the work for repairs problems…
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Question regarding mortgage funding account
Hi This might be stupid question but is it possible to change the account that funds your mortgage? We took out a First Direct deal last year and this is currently funded through our First Direct current account. I'm looking to take advantage of a better current account deal but do not want the hassle of having to transfer…
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Buying someone out of house
Not sure if this is right thread to be on but here goes. My father in law has told the family that when he dies his mortgage free house is to be split between my wife and her two brothers. As the brothers both have houses and my wife and I just rent they have agreed that we can have the house if we pay them what they would…
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Bank forcing us to extend term to secure remortgage
Hi guys, would appreciate any advice you could give me on this. We had a remortgage agreed in principal. The term was 21 years - 5 years fixed rate with repayments of £1,075 per month. We are paying a broker to process the application. He called today to say that the bank will only agree to the remortgage if we extend to…
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Tenants in Common Questions
Hello, Here is the situation: Friend 'A' wants to buy a house and has a healthy Deposit together but the mortgage lending offers are falling short by £30K in order to buy what he really needs. Friend 'B' is happy to help by becoming a "Tenant in Common" thus bumping up the mortgage lending offers to cover the extra £30K.…
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Where to shop for Regulated Buy to Lets?
Hi all, I'm planing on buying a flat for my mum to let it out to her. I understand this requires a regulated buy to let mortgage. Unfortunatly I've not had much luck looking on the net of where to get them? The Mansfield Building Society appears to offer one but I'm hoping for more for comparison. I've heard I'm likely…
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When is the best time of the month to complete ?
Hi, We are currently in the process of buying a house and the chain is discussing ideal dates for completion. I pay my current mortgage on the 1st of every month, my new mortgage is a lot bigger and with a different lender. What happens if we complete on sat the 28th of the month ? Do we just pay interest upto that day ?…
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Help with borrowing more - Nationwide existing customer
Hi All, We are looking to borrow 75k for an extension to our house with nationwide. We have to apply direct, otherwise we would use our independent broker who has helped us before, so that's why I have a few questions! I spoke to a local agent who told me our house is worth 450-460k. Outstanding mortgage is 300k so current…
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Mortgage application Online vs Mortgage intermediary?
Which is the quickest / safest? I only have 4 weeks to exchange contract and 2 more weeks for completion. The building society said it's probably quicker to do the application online vs application at the local mortgage intermediary office. Do anyone have experience filing a successful mortgage application on-line? How…
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HMO....who does it off the High Street please??
Can understand why a lot of lenders aren't keen but wanting to let out rooms legitimately and looking to remortgage.... Which Mortgage Companies are playing please....there must be hundreds of places like this in London?:eek:;)
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Halifax Valution Lower Than New Build Asking Price
Hi there, This is a bit of a complex situation so please bear with me. I will try my best to summarise our quandary. We are buying our first house which is a new custom build by Urbansplash at New Islington, a new development in Manchester centre. It is being bought offplan and allows various custom options and spec to…
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Self Employed and a defaulted payment
Hi Guys, Thanks for taking the time to read this; I'm a self employed Director of a Limited company, coming up to two years - 2nd year books to be submitted end of April 2015. Both year net personal take home is around £40k. I've been trying to get a mortgage for some time but with the mixture of not having two years books…
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Been accepted by first direct but want something cheaper
Hi all, I am a first time buyer along with my wife. We have been accepted for first direct and are putting down a 10% deposit. I know there are much better deals out there but don't really understand it all. Fixed or variable? Obviously with the interest rates so low and yesterdays news that they might be dropping further…
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Halifax mortgage
Agreed a deal in principle a few weeks ago, gathered all the paperwork and submitted a full application. Despite me and my wife having really poor credit scores they made us an offer of 85%. We have now agreed to buy a home and date of entry is 3 weeks away. My question is are we home and dry? Or is there a chance they…
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Woolwich Mortgages Don't Know If I'm Coming or Going
More of a rant and a way to blow off steam as I am fuming :mad: Contacted Woolwich on the 23rd Feb to inform them my mum passed away (very sudden wasn't expected) as we had a joint mortgage with them. They advised nothing to worry about they would freeze all payments on both parts for 12 months to give me time to get the…
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Is an £135k home out of reach?
Hi, Usual situation - renting, dreaming of home ownership. So here is our situation: - FTBs, currently renting @ £530pcm - Hubby income £25k salaried. - He would be the sole applicant as I am unable to work (too ill to work, "not ill enough" for benefits) - £10k savings - At least £5k extra available from parents. - No…
