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Mortgage App tmw
I haven't had a mortgage in over 23 years. About to go through application tmw..nervous, scared, excited all in one go! Bit confused though, my advisor said she had done the DIP and with my card debt Halifax have said 85ltv. Now she says at the meeting we need to undertake the Dip and proceed from there...I said I thought…
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Borrow more or borrow later?
We currently have only need 50% LTV on our remortgage but we are considering borrowing 70% LTV so that we can use the money as a deposit for second property or buy to lets. We have checked and our income would cover borrowing for second property and rent would potentially cover buy to let mortgage. Should we just borrow…
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Deed of Trust between Parents & Kids
My Wife's dad wants us to take over ownership & management of a B2L property of his. However, as you all advised previously, its not possible to gift a property to us without us taking out a mortgage. ( But we Still saving for our property & not got great credit rating as of yet). Therefore FIL has explained the situation…
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Too early to apply?
My current fixed rate deal comes to an end on Dec 31st. Is it too early to apply for a new deal? Was thinking of booking a cheap fix deal while rates are low. I know the offers used to last about 6 months. Is this still the case?
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Mortgage insurance
In the last five years, I have being paying a direct line insurance that corresponds to my mortgage payments. Not 100% sure what it actually covers? Does anyone know if I should be paying for this?
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Fixed Rates and Pending Interest Rates
After 5 great years of a lifetime tracker (1.89 + Base Rate 0.5%), we finally decided to take the plunge and move over to a fixed rate before the banks take the opportunity to put rates up / reduce the amount of fixed rates on offer. Having been caught up in high fixed rates in the past, made the decision with some…
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Waiting for a mortgage decision, what next
Hi All, I have been reading back through lots of old mortgage posts, apologies if this is a repeat... My husband and I have seen the house we would like to buy. We currently own a house in Warwickshire, this is now rented out and we are on a buy to let mortgage, the house has been successfully rented out for the past 3…
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Help! Advice please?! 2 Registered charges on title but only 1 is ours?! How come?!
Hello all! Wondering if anyone can enlighten me. My husband and I are in the process of remortgaging the house we bought in 2013. The solicitor of the lender sorting out this remortgage has contacted us to say that They noted a charge on the title for the bank from which we took our mortgage from and from another bank…
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Can I get a mortgage whilst in my probationary period at work?
Hi all! I have been in the process of applying for a mortgage (I am a first time buyer). I have received my decision in principle based on the required info - including only being in my current job for two months (Previously a full time student). Natwest refuse to offer a mortgage to anyone in a probationary period. Is…
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Mortgage resesrve with Barclays
We have a mortgage with Barclays and only have 17 more payments on it ,which would be great if we didn't have £46,000 reserve left on the mortgage I don't know how we are going to pay it back in the time left we are currently in a dmp with stepchange has anyone else had a similar problem ,and if so what was the outcome tia
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Halifax remortgage
Hi all, Got a few queries regarding a Halifax remortgage. Would be greatful if someone could clear up a couple of things. I have called Halifax but the person I got through to wasn't sure of the answers , must have got through to the wrong department! We have just got an AIP which is valid for 90 days so am I right in…
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Halifax Aip
Hello, I'm brand new to this site and I hope you can help me☺ Me and my husband have been saving for the past few years and he recently done a online Mortgage application. After 10 minutes or so after careful punching in what he earns etc the Halifax said they 'would be delighted to help '. It said they would lend him…
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Two named registered charge on land register
Hello all! Wondering if anyone can enlighten me. My husband and I are in the process of remortgaging the house we bought in 2013. The solicitor of the lender sorting out this remortgage has contacted us to say that They noted a charge on the title for the bank from which we took our mortgage from and from another bank…
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Adjusting budget to overpay mortgage
Hi all, I want to start overpaying my mortgage. It's a relatively small monthly amount and by overpaying even a little bit each month, I should be able to knock years off the term. At the moment, I have all of my money in one bank account (Santander 123) as it gets the best rate of interest, so I try and keep a fixed…
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Paid deposit, now what
Once the deposit has been paid to solicitor, how long does it usually take to exchange contracts properly?
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Mortgage after 40?
We will be renting for a while once we sell our house ( 2-3 years probably). When we come to buy again, one of us will be late 30's the other early 40's. My parents say we are mad not to but straight away as we will struggle to get a mortgage once we hit 40.... Anyone over 40 who has applied recently ? Is it really that…
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What would you do?
So... To cut a long story short we have applied for a mortgage with 2 lenders (long and boring story). The house we are buying is a new build up for £146950 Today i have found the valuations back as.... Lender 1 - £146950 Lender 2 - £135000 Both lenders are similar rates ect but im worried that we may be overpaying for the…
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Rejected by Barclays...what now?
Hello there – So after a truly stressful month or so, my girlfriend and I were rejected by barclays due to there being more than 3 late payments on my credit file over the past two years. We were told by several barclay's advisors that as long as there were none in the past 6 months we'd be fine due to our deposit and…
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how much to change names on a morg
hi all was wondering if any one new the price of changing names on a mortgage. my dad passed away not so long ago an my brother is taking over the house. (the morgage is paid off) we got probait just recently just needs the house in his name. ive looked on the directgov. web site found a link to land registry but get a bit…
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Mortgage advice after coming out of a DMP
Hi All... I'm not sure if anyone can help or advise, but I thought I would try asking. Basically, in November / December 2014, I came out of a DMP. I am now debt free (eventually!). For whatever its worth, I checked my Experian and Equifax scores the other day, and my Experian Credit score was excellent and my Equifax…
