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Mortgage House Deeds
I am now in a lucky position and have finished paying my mortgage. My Building Society has stated they will keep them for an annual fee of £25.00 and will leave a balance owing of £5.00 (just to keep the mortgage live). I have been told that you do not really need your deeds as ownership etc will be on a computer site so…
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First time buyer advice with a twist
Hello, I am after some advice for a rather different home buying situation.. I am 26 and am looking to purchase a property for around £100-120,000. I have a deposit of around 40%. Where this gets interesting is that I am a musician, and most of my earnings come from working onboard cruiseships for around 10 months of the…
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Advice for pensioner losing his home
Hi everyone This could be a long one so bear with me. In short, my husband's uncle is 66 and lives in a home that is owned (mortgaged) by his son who has got hugely in debt and is selling it, thus making his dad homeless. In length - The uncle got divorced around 15 years ago and had managed to get in debt and so he and…
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mortgage been sold :(
Can anyone help or advise. From 2010 my husband had spells of unemployment which resulted in us falling behind with our mortgage with GE money. We never qualified for help as he was never out of work for full 13weeks at a time taking odd work here and there through agencies. We were given a suspended possession order in…
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When does Help To Buy end for a practical view
I'm currently in a house bought last year together with my now ex-wife, also using the HTB scheme (she dropped the bomb on me a week after we moved in that she was cheating on me and was leaving, so lovely timing). It's a nice house, but is has an emotional load and it is nowhere near any of my family, so I am considering…
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Proof of funds - stamp duty?
Hi There My wife and I have just had an offer accepted on our first house (yay!) We are now arranging a trip to the mortgage broker to finalise the details. We did have one question regarding the upfront costs and proving that we have the ability to cover them. At the moment we have the deposit saved and about another 3000…
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Halifax mortgage application with a default
Hi I'm in the process of a halifax mortgage application got to full application stage and the full credit check went through fine. I've got a default from 4 years ago is this goin to be a problem later on or is that it on the credit check front?
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Mortgage application advice
Hi I am looking to re-mortgage my flat (value = £77k, current balance = £53k). My factor has sent me an invoice for £2k worth of repairs carried out to the building. Is it possible to re-mortgage, requesting 55k (2 more than I actually need) and use the spare 2k to pay off the factoring fee? How do I work this into the…
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Help to Buy EL affordability?
Hi all - am a little confused and thought I would see if anyone on here can advise. I reserved a property with the plan to use the Help to Buy equity loan scheme - I earn £37k (plus bonus but not really needed in calculations so won't confuse matters!), the property is £190k so would need a mortgage of £142.5k. Santander…
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NRAM Negative equity
My son has an NRAM Together Mortgage, current balance approx. £53K mortgage and £13K unsecured loan ( Original purchase rice was £74K, original loan value). The property is in negative equity, and he is now divorced from the joint mortgagee, mortgage still being in joint names. Because of the state of the place, I doubt…
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Reclaiming unjust mortgage charges
Hi, I need some help. I have spoken to the FCA with regard to the charges levied on my mortgage account over the years and they have advised me they they are unjust. They have sent me a link quoting their handbook to quote in court. However, I don't have a legal head on my shoulders and don't fully understand it all. I…
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Buy to Let Buildings Insurance
Good afternoon fellow forum members, I think I'm confusing myself but really am puzzled. To cut a long story short: I've purchased a Residential property to live in as my main residence while Remortgaging existing property to a Buy to Let. I need to provide my solicitors with details of Buildings insurance cover for what…
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Joint BTL mortgage with retired parent?
Hi folks, my Mum and I wish to invest in a house with a BTL mortgage she is retired and has a pension income of around £11000 , good credit rating and is 65 years old, I have 2 very small defaults on my credit file from around 4 years ago and a fair score but an income of £32000, we have a deposit of around 50k and the…
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CeMAP Qualification
Hi, I am wanting a complete change in career and was thinking of studying for a CeMAP qualification. I have no current background in finance and was wondering if anybody could advise me on free training material or study guides for this? Or any advise at all would be appreciated. Thanks, Michael
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nationwide valuations
In process of getting valuation and FTB so haven't got a clue. Asked for homebuyer report. Now had 2 messages from nationwide with 2 different dates for valuations. Would they do a normal bank one on one day and the homebuyer on another or has it just been rescheduled? Think the messages are a good idea but still confusing!
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What happens next
Finally after the dip from nationwide referred i have just received an email to say we have a dip accepted yay phew they did two credit searches on my file on the 16th one was soft and one was hard search. It said on the email they will let my broker know on the process of the application does this mean its going through…
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Joint Mortgage with parents
I would appreciate if anyone has any advice or experience that they can offer in this situation. Essentially, I am looking to borrow around £300k for a flat. My parents have a 10% deposit they will chip in, but one of them will also need to be named on the mortgage for me to be able to borrow the remaining £270k. (my…
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How likely that full application will be successful?
Hi all, I'm in a stressful position & would love some realistic answers on this! We've been renting for 4.5 years & have just been given notice on our house but we want to buy it. We didn't get much warning so haven't really been able to get ourselves to the best position. My husband & I are both self-employed. Both have…
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Question about Credit Score and Mortgage
Hi, I have a question and hoping someone can help ease (or maybe not) my mind. I owned a property about 6 years ago and had to sell it due to the end of a relationship. Since then i have been renting with my current partner and am ready to get another mortgage. I went onto noddle on the advice of a friend and it gave me an…
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Kier Homes stating i need to use their solicitors?
Is this correct? I'm pretty sure i read this somewhere else that we can use our own ? Im doing help to buy if that makes a difference. Thanks
