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girlfriend coming onto my mortgage - should she pay more towards it as no equity
First time this has happened so I don't know whether couples agree to split 50/50 mortgage or whether it's weighted due to the benefit of my initial deposit making the mortgage cheaper? Equity is sorted as my 150k is mine and she is putting 8k in for home improvements which will get factored into the deed. Obviously the…
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Salary dropped, what happens to mortgage?
My salary for the last 3 years has been a lot higher than usual due to overtime and bonuses, and allowed me to borrow enough to move. This year, and next it will drop down again to what it was previously (give or take) so what happens in 3 years when I come to the end of my fixed rate mortgage? I doubt I'll be earning…
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Mortgage: Giving money to my husband for buying house but bank want me to write...
I am currently living abroad but I plan to move back to the UK. I am gifting my husband funds for a flat however when he applied to Santander they requested that I write that I do not intend to live there. Yet I am moving back in a couple of months and am intending to live with my husband. I don't understand why the bank…
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Mortgage advisor query
Hi we have accepted an offer on my property and now need to sort a mortgage for the property I would like to buy. We have a household income of 87k but a credit card balance of 20k too (which we continue to pay off £1500 a month whilst going through the moving process). The property we're looking to buy is 270k and we have…
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Halifax stop mortgage
Hi. Me and partner apply for a mortgage from Halifax. We have two appointment already, received permission for mortgage and pay for valuation. Next day we received phone call from bank the mortgage is stooped because i have one default five year ago on my credit rapport. This can effect my mortgage ??? Do I have any chance…
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Mortgage adviser!
I have recently passed the Cemap qualification and want to be a self employed mortgage adviser and not have to work for a company. Can anyone give me advice on how you go about working for yourself in this industry, what it is like at the moment and who are the best networks to work with?? Thanks
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Mortgage on bursary income
Hi all, I am a 26 year old Trainee Educational Psychologist, about to start my final year of the doctorate training course. I am currently receiving a bursary income (£16,000 per year) and when I qualify, jobs start at £35k+. I have money saved up and I was hoping to invest in a property (buy-to-let possibly) however I…
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Time between exchange and completion - help to buy equity
Hello, What time frame is required between exchange and completion for H2B. I read stories of people doing it within a week and some two weeks? Just wondered what people's experiences are?
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additional borrowing from low interest mortgage, to pay off some of my higher interes
Sounds like it makes sense. I can get additional borrowing from my home mortgage, would it be clever to pay some of my BTL mortgage off, as it has a higher interest rate?
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Advice on mortgage
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Opinions needed please!
Hey all! I'm in a bit of a complex situation so i will try to keep it simple ... I live in a house that is owned jointly by myself and my ex-husband. I want to buy him out. The outstanding mortgage is £63k, the house was valued recently around £81k. I owe my ex-husband £5k for separate reasons. My income is £25k. I also…
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mortgage deposit shortfall
It seems I will have a shortfall of around 10% to 12% in my deposit for mortgage application for Halifax. However, i did not realise this when application was submitted a week ago by my MB. All my fault...... Valuation of property is due on next week. My sister is happy to give me a gift deposit with a signed letter…
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A Steer Needed Please.
Hello all. Wondering of anyone can point me in the direction of a mortgage advisor or lender that can think outside the box for people with less than perfect credit. So far the advisors my husband and I have seen, seem to fixate on Nationwide and we are getting nowhere. Situation is as follows: - Mortgage is to be in my…
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Help needed, 2nd mortgage to help parents
Hi, I'm really hoping someone can help me. My parents are retired and in their 60's, my mums health isn't great and they live in a semi detached house. They really need a bungalow but their house isn't worth enough to buy one. I'd really like to help them. I have a mortgage with my husband and we have a good income and…
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Motgage rates going up
ive got 3 years and 5 months left on my mortgage. my monthly payment is £637.47 i'me overpaying £534.53 which should cut the length of the term in half, want to pay it off as soon as i can, with the threat of interest rates going up should i switch to a fixed deal. ime on the standard veritable rate at the moment
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Close Credit Card Account Prior to Mortgage Application?
Hi I will be applying for my first mortgage to buy a home later in the year. I currently have two credit cards, but only use one. 1. Capital One - limit £750 - 0.5% cash back - used for all daily spending, paid off in full every month via direct debit. 2. Barclaycard - limit £5,000 - never use, kept for emergencies if you…
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How to remove yourself from a mortgage after split
Back here again for more help! Partner has an interest only mortgage with his ex which was 76,000 and is now 80,000. They split in 2008 but it's been left due to numerous reasons, we're now wanting to purchase meaning he has got to come off the mortgage as his wage will only qualify for one mortgage. Problem is is that…
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Advice for first time buyer
Hey all. I am saving to get a mortgage and I am sort of getting desperate to get one as we want to start a family (but want our own house first) we've saved a decent amount so far and know that in a fee months we will have a good amount and family will help us out a bit if needed. We want to get the 5% help to buy one as…
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Loan to Repay Mortgage - Advice Required
Hi, I’m after some advice and give some brief history below; My father passed away a few years ago, which left my mother with an outstanding mortgage of approximately £50K. As her income reduced substantially as a result, this balance was transferred to an interest only product, which allowed my mother to remain in the…
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There is something seriously wrong with your industry. Change is needed
Since when did having a roof over your family's head become one of life's luxury's for the few? Somewhere along the line we have seriously lost the plot in this country. Where I live in the home counties in an average town renting is ludicrously over priced. A small one bedroom flat will cost around £800 pcm! A moderate…
