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Transferring Mortgage Debt
Hi I'm hoping for some advice\options on helping out with my elderly parents mortgage debt. The situation is that they have always had financial difficulties and have an interest only mortgage of about £90k costing them £350 a month, however, the savings plan they had to pay off the mortgage is massively under-performing…
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Advice for renewing mortgage
Morning, I have been trying to find information on the internet but really can't find any informative websites. i am due to end my fixed rate mortgage with halifax, i have a few questions: 1. Do i have to get my hour re valued to find putt he true value for my loan to value for getting a new mortgage? If so, would I use an…
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Can I get a mortgage?
Hi, Am desperately wanting to buy my own property and wondered if you can tell me if this is viable. I'm 42, have 3 children. Annual income £31,000. I want to apply for the mortgage solely in my name as my partner is 53 and also has a poor credit history. He has had a dmp. I have an outstanding balance of £1100 on cc, but…
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Is it work applying to first direct?
I'm just thinking about remortgaging for the first time. We currently have a split mortgage, approximately 90k on a base rate tracker (br+0.95) and 60k fixed til December at 4%. We bought our house in 2012 for 200k, two identical houses on our estate have sold at 220k (marketed for quick sale) and 225k in the last 6…
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Remortgage or hold out
Help please, We have a great mortgage deal at present .99% above base rate. So we are on 1.49% variable. Our previous fix ended 5 years ago and we've been on this since. £140k left, house estimate £200-£220k. New EU policy makes me wonder whether to go for one of the 10 year fixed deals 3.4%. We have around 70 LTV. We…
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Quit the job after mortgage approval
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Occupiers Consent Form?
The one signed by non borrowing occupiers? When should I be receiving this? Prior to exchange or before completion? If I haven't had one do I need to chase the solicitor? My wife is the non borrowing occupier
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Can I get a mortgage even though I have a loan?
Hi, I'm hoping for some advice about whether or not I will be able to get a mortgage as a first time buyer. Two and a half years ago I made the mistake of taking out a £15k loan to help out my boyfriend at the time who had got himself into a financial mess because of a gambling addiction. We split up soon after and I am…
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"Investment buyers only"
I have a feeling I'm asking a question with an obvious answer but I will ask anyway to confirm. I've seen a very nice house (newly refurbished) in a not great neighbourhood but one I have lived in before and would be happy to live in. Anyway It states "Investment buyers only" as the place is rented. Is this a warning to…
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Halifax further advance
Hi my partner and I are applying for a further advance from Halifax. We were wondering as we already have a legal charge on our property from Halifax and a mortgage deed signed will they want a conveyancer to be involved or will they just release the additional funds to us once they have underwritten everything? They have…
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Nationwide - Impressed so far
Hi, A bit of praise for Nationwide so far and after a view from the mortgage experts on here! I've just arranged my re-mortgage to Nationwide and it's been a really slick, speedy service so far. From completing the online application to receiving the mortgage offer has only taken a couple of weeks and the communication has…
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Mortgage direct debit bounced
Hi all I accidentally missed my mortgage direct debit as I put money into the wrong account by accident like an idiot. This has never happened to me before and I called bank of Scotland and asked them how I can make the payment, they told me my account looks up to date so it must not have come through on their systems…
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Mortgage on parents property
I am trying to assist my dad and weighing up equity release v me buying a share of his property. I'm trying to get my head around the costs, tax implications and any other issues that might arise and would appreciate any advice.
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Nationwide borrow more
Hi, We started out in 2004 with a 5yr fixed with nationwide and in 2009 we moved and took an additional amount with them on a 2yr tracker. We are on the BMR of 2% above Bank of England etc for both these mortgages and overpay on the main one. We want to have a conservatory/ extension added and have quotes on this and…
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Help needed!
Hi there, Just needing a little advice! I am soon to be divorced and if all goes as planned I will come out with £120k I have a low income ( 17k a year from working 16 hrs a week, maintanance payments for my child, and benefits) I also don't have a good credit rating due to a missed phone bill payment. To buy anything…
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Buying with daughter term: is it possible
Informed advice please. I am 60 and about to become a full time self-funded PhD student. I have pensions of 14k pa and 120k equity in my property. (My current mortgage has 10 years remaining and I owe £45k on it). I was originally looking to downsize and lose my mortgage - just about doable by moving to my daughter's (my…
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Mortgage with parents
My parents own an unencumbered property worth £1.8-£2m, however they have very little earnt income (sub £10k pa). I have no property or loans, earn £95k salary and £35k bonus. My parents are willing to put me onto the deeds of the property and they would like to co-own with me. Is there anyway I can mortgage the property…
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Buying a property with parents, but only me on the mortgage
Due to the up and coming sale of my grandma's house, my Mum is due to receive half the proceeds. The property is half owned by my Uncle. With these proceeds, I want them somehow to own a property or at least part of it (they currently rent)....(it is £120K after CGT - doesn't get you much in suburbs of London). So my…
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Getting a mortgage to buy a 4 bed property then converting to 2, 2 beds
Hi, My dad owns a 4 bed end terrace house that was originally a 2 bed, but he extended 20 odd years ago doubling the size to a 4 bed. He has an interest only mortgage which ends in 2016. He's self employed so doesn't want to take out a repayment mortgage, nor does he have the funds to pay off the mortgage - roughly £115k.…
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first time buyer
few questions..... i have applied for a joint mortgage with my other half. nationwide have done a soft and hard credit search i've seen it on experian- they have told me they only do it the once and our application has now progressed to the full structural and valuation on wednesday. however i am worrying that they will…
