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Change of circumstances
Hi MSE community, We signed up for a mortgage two years ago when we were both in work. Since then things have changed. We both lost our jobs, my wife has since got a job and I have set up a business. Clearly we are not earning the £80k a year we were when we got the mortgage. The 2 year fixed rate is up but I am scared to…
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Can I get a mortgage with a DRO
Hi, this is my first post and any help or advice would be appreciated... I'll try to keep this as brief as possible but I would like to give the full story so apologies in advance for the length of this post. In 2010 my mum took ill with breast cancer which led to a mastectomy so myself and my wife took it upon ourselves…
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Advice Needed Please xx
Thanks in advance. £33,000 outstanding on mortgage, currently on standard variable rate and overpaying as much as possible every month. Hoping to be mortgage free in 2 years. Is it worth switching to a fixed rate for 2 years or sticking with the SVR? Any opinions welcomed xx
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Is this feasible? Opinions please
Please move this if it's in the wrong place! Can anyone with experience of a similar situation offer advice or guidance please? This is very much in the initial stages so i'm sure I'll need an accountant/financial advisor if it comes off, but I'm just looking to bat the ideas around a little bit here first, as I know MSE…
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First Direct or HSBC
Coming to the end of a 2 year fix with Aldermore in September. Don't want to fix again as planning on selling the property next year. Best options on lifetime trackers with no set up fees are HSBC and First Direct. HSBC slightly edging it as First Choice has an exit fee of £149 I have read on here that HSBC can be rather…
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new build house building query
Hi, If you are buying a new build house and it is at the "plastering" stage, would you expect the legal completion date to be the end of August? We have to give 4 weeks notice to the landlord to move out and want to make sure we get it right. The developer seem sure it will be but just want to ask around here as well if…
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SA302 wait times?
Requested my SA302s on the 2nd... still not arrived. Anyone know a rough lead time at the moment?
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Expat Mortgages
Hello, my husband is due to move to Switzerland for work from Oct this year. We come to the end of our fixed mortgage deal in Jan 2017. Myself and our children will still be in the UK full time staying in our home with my husband coming over no more that 90 days a year so that he retains his swiss residency. I know there…
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Consent to Lease Dilema
Hi A year ago my MP provided me with CTL. The agreement was that every 6 months they would add a charge of 0.5% of the O/S mortgage balance to the account. This equates to about £375 every 6 months. However, after taking the first and second payments I have noticed that they have not added the charge which was due this…
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Twist or Stick?: fix it or continue riding the variable rate?
Firstly many thanks for taking the time to read this epic - any advice is always very gratefully appreciated Here is where I am currently: Residential house valued @ £250,000, owing £150,000; LTV of 60% Woolwich Mortgage 1 £55,000 –variable 0.95% above Barclays Base Rate (currently 1.45%)~£200/month Mortgage 2 £25,000 –…
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Transfer of ownership, and mortgages
Hi, I'm after some advice on transfer of ownership and mortgages for home improvements. The background is as follows - I am currently renting, and am looking at the possibility of moving into to my mothers home as she is suffering from ill health. In order for me to be able to move in it will be necessary to convert the…
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BTL joint mortgage approved -- underwriter questions?
Just had the online application approved with HSBC for a joint BTL mortgage (applicants are friends). The deposit is being gifted from the family of the second applicant and this was specified on the application. They have asked for 3 months pay slips and bank statements. Is it likely they will call to ask any further…
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Go on electoral roll while in temporary accommodation?
Hello everyone, I bought a house over ten years ago and have been on the electoral roll the whole time. I relocated a few weeks ago and am staying in a rental property for a few months until I can buy a house in the area later this year. The house I own is currently empty but now has a buyer although completion is a few…
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Help to Buy post credit difficulty?
Hi, I just wondered if anyone could offer some advice / experience on this issue. Basically, I feel like I need to make a decision on whether I can feasibly get a mortgage and own my own home or not. I have never owned a property before so would be a first time buyer. I've had financial difficulty in the past. I entered…
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Worth remortgaging yet?
My Nationwide mortgage is currently split in 2 parts due to porting an original mortgage and taking out some extra when we moved house. Current state of play is something like this, costing about 860/month) Originally 25 years with 22 remaining Part 1: 120k @ 2.5% variable (BMR -> BoE base rate + 2%) Part 2: 45k @ 4.99%…
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Franchise income for mortgage
My partner is planning on buying a window cleaning franchise next year. The franchise will come with a round worth £25k / year. This could be expanded on if required. How long will it be before this income can be considered when applying for a mortgage? Cheers
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Advice needed: Do lenders check your finances routinely?
Myself and my partner recently took up a mortgage to buy our first home. After checking all of our finances the bank agreed to lend us the amount we wanted on the condition that I cancelled a monthly direct debit. This is a monthly payment of £400 per month to my parents for a car they financed for me. I have another year…
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Good News :D
So we have just heard back from our broker he has told us that our mortgage has been fully accepted and they will be sending us all our mortgage papers through soon. it all seems to be moving very fast now. I have been on this site for a good few months or so pestering people about questions that pop into my head here and…
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Mortgage / Seperation query
Morning all, I am looking to set-up my first mortgage with a partner and had a query that I cannot seem to find a simple answer to. Using purely arbitrary values, if I borrow £200,000, with a total repayment over 25 years to be £300,000 but after a few years the relationship broke down, would I be liable to pay the full…
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Taking you other halfs rent payments into account when applying for a mortgage
Hi, first time I've posted so hopefully I'm doing it right. Myself and my wife are first time buyers. To cut a long story short she has a very bad credit rating. She is with a debt management company and therefore mortgage lenders will not grant her a mortgage. Anyway the question is - She pays (and has done for a while) a…
