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Halifax application referred to underwriter
I applied for a mortgage via the mortgage advisor of Halifax in the local branch on Wednesday. The application was fine as I passed the credit check with A and had reasonable affordablity and deposit. But in the end I was told my application would have to be referred to the underwriter, according to the decision of the…
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Buy to let negative equity - can my own home be repossessed if I can't pay the BTL
Hi Thanks in advance for any advice you can give me. I own a house that has about 60k negative equity (Northern Ireland) I have a tenant in it but the rent only gives half of the mortgage so it is causing us a great deal of financial difficulty. I don't know what to do because I would love to just let the house be…
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Sick leave during application
Hey all, So whilst applying for our mortgage unfortunately my OH was taken into hospital and is now on sick leave. She had to have an operation and is expected to be out of work for 6 weeks. She receives 6 months full pay when off sick and then 6 months half pay. This will obviously show on her pay slips. Is is a huge…
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Halifax application causing stress
My broker doesn't appear to be worried and maybe I should trust her more however Im stressing... Brief history is poor credit, several loans and credit cards put on 'arrangement to pay' in 2009, all but one paid off now. Husband had 24k pay rise 3 months ago, I'm back at work after having kids things are on the up. Broker…
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strange FTB question
I'm in a bit of a weird situation. I currently live in the house I want to buy. The owner a family friend and I have agreed a price (in theory). The weird part is that the house is valued 15% higher than i will be paying. I have a deposit etc however if I approach the bank will they cosier the mortgage to already be an 85%…
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Restriction order on property
Just over 2 years ago my partner and I bought a house on a relatively new estate (7 years old). We got a fixed rate mortgage for the first 2 years with the intention being after two years we could shop around and change our mortgage for a better rate if we wanted. We are in the process of changing the mortgage now but this…
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Can my ex wife take over our property?
Hi all. I'm after some advice and hopefully reassurance. my wife and I separated two years ago and since that point she has been paying the mortgage on the family home on her own. There is 97k left on the mortgage we have with lloyds and the monthly repayments are £470 a month. she has agreed to buy me out of the property…
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Moving on
Hi, Im Co habiting with ex partner ( together 14 yrs, never married) . 3 children . How do I go about moving on? We have a Joint mortgage (both names on mortgage) No idea where to start or what I'd be entitled to.
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2nd mortgage advice?
We are in a situation where we are looking to possibly move to a larger house. There has just been one put up for sale by a developer (last house on the development) and its going for a substantial discount. Having been to see the property we would be willing to pay the price advertised. The only problem we have is that…
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Halifax Processing Team
Hi Wondering whether anyone can help. I am employed by a large global bank and my guaranteed package includes several elements such as a car allowance. My payslips bundle this up into one line item (ie. allowances are not broken down into what they are) and my employer provides financial references that are also not broken…
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Buy to let eligibility
Hi, I am currently living with my partner and have no outgoing rent/mortgage. I am however keen to get on the housing ladder for security just in case/as an investment for the future. I am a subcontractor to a single company (technically self employed) and have an income of approx 36k with a deposit of 60k. I would be keen…
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Should I pay more than my monthly payments?
Hi all, I am considering to pay early payments toward my mortgage to reduce the overall interst I am paying. With the inflation going down, and not the clear economic situation, I am not sure if paying this money is a correct decision or not. In case of a big crisis coming that will cause everyone to lose their houses, I…
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Credit rating damaged after dispute with bank
I recently had a dispute with my bank regarding my mortgage. I refused to pay some amounts they claimed were due, and the bank eventually reported the issue to the credit rating agencies, damaging my status. Although I have now won the dispute following a finding by the FOS, I'm wondering what I can do to revive my…
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Option to purchase agreement
I am looking to enter into an option to buy agreement with a landlord. Upon completion of the agreed timescales I will be obliged to buy the house or lose the money I have paid on the monthly agreement. When I do go ahead to buy the house at the end of the agreement is it then possible for the landlord to gift 10% deposit…
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Credit Card application affect future mortgages?
I had the stupid idea to apply for a barclay credit card the other day after doing the safe search and being told I had excellent chances of getting it. Will this unsuccessful application affect my ability to potential apply for a mortgage in the future? (I am not planning for it right now, just to know) I don't have any…
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Application Error?!?!
Applied to precise mortgages, all good apart from I've realised that I've actually lived at my current address for over 3 years. I thought I'd moved in in August 2012 when it was actually April??? Have no idea how I got so confused but can back this up... However am worried they wont listen if my broker tries to change the…
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Halifax Product Switch with two sub accounts
I have a mortgage with two sub accounts, £68K with c10 yrs to run and c£21K with slightly under 10 yrs to run, the latter being on a higher rate of 5.89% as a further advance for home improvements The main mortgage fixed rate (2,89%) comes to an end in Aug, so I thought I was now in the window for a product switch. I had…
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Mortgage early payment fee - still payable after term expires
Hi all, I'm just about to move house and coming to the end my 3 year fixed with the coop bank. I tried to time the move to coincide with this ending. I got the 3 year fix on August 6th 2012, therefore I thought the fix would end 3 years later on August 5th 2015. However, just checked my documentation and it says ERC is…
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Should I pay the mortgage off? Totally confused.
Hello! We have an interest only mortgage plus an endowment. The endowment- Friends Life is performing well, although the current statement had an amber warning that we would be 3k short at the end of the term. It needs to achieve 3.5% to cover the amount borrowed. Our mortgage is £125k. The endowment is currently worth 65k…
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two mortages - which to overpay on
Hi all, Need some advice. I have 2 mortgages, one is interest only and the other is a repayment. I can overpay on either without penalty so my question is - which one should I make overpayments on? - P.
