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eversheds repossession being awful
Right this is quite long. We originally got in arrears and has a court order made against us for repossession which we managed to stop as I had some inherritence and we paid the full 8k off. My husband lost his job and we now find ourselves in 3.5k arrears on a 35k mortgage with 6 years left. Eversheds have recently…
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Halifax have put incorrect number of years remaining on lease
Hi all, I received my mortgage offer from Halifax earlier this week. On the mortgage offer they mention that ground rent will be '£100 over a 125 year lease'. However the lease on the flat is 999 years so should say ground rent is '£100 over 999 years'. I am hoping to exchange and complete next week and my solicitor has…
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HSBC indirect mortgage
Hi can anyone shed some lights on the hsbc indirect mortgage? E.g. You can have a sole name mortgage but join owners on the deed? How does it work from the conveyancing prospective? Sounds like my solicitor heard of it but he is not exactly sure how to deal with it yet.
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Life fixed rate?
Hi, I would like to move to a fixed term for life until end of term, main reason not 2/3/4/4 years is I don't want to pay a £1000 arrangement fee everytime. Current breakdown:- Current value of property: £55,000 Remaining balance: £35,073 Years left: 17 Current deal/type: Base Mortgage Rate 2% above BOE, paying £255.12 (I…
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Worried sick
Hi. I know this has come before in the past. I have become worried sick since my mortgage went to offer. I am a ftb and between mortgage offer and exchange I topped up my loan in order to help moving costs and at the same time pay off my car loan and credit card so I just have one payments thinking it would be fine as I…
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Gifted Deposit Legal Worries!
My boyfriend has inherited an amount of money which he wants to use to buy a house. He can't get a mortgage but I can. He wants to gift it to me to get the mortgage but can I get something legal drawn up to state the equity is his so there are no grey areas??
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is a new job a problem to get a mortgage?
I am thinking about maybe applying for a new job (similar or better conditions), but I am also thinking about possibly buying something. Would that be a problem or would it be better to wait?
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Switch mortgage same lender but lower income
Hello I wonder if anyone can help me? I am currently with Halifax on SVR and looking for a better deal with them. However my income is much lower than when I originally took out the mortgage - its tiny! and its not enough to justify my current loan. I have an LTV of 50% Thanks
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Santander Mortgage Arrears fees letter - Need help
Hi there. A few years ago i had a serious gambling addiction, in which i fell behind in my mortgage with Santander (amongst other accounts) After some professional help, i now no longer gamble, and have worked hard to clear my mortgage arrears I plan to write to santander to claim back arrears fees and legal charges…
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Worried about credit report, Virgin Media credit account
I'm looking at getting a mortgage with a small deposit of 10%. I checked my credit score earlier his month and it was 906, which is 'good' so seemed fine, my girlfriend who will be joint on the mortgage is 'excellent' 980. The other day I logged in to Experian before I cancelled my trial and mine had dropped considerably…
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New mortgage and building/contents insurance
Hi all, I had confirmationo on Monday from NatWest that my FTB mortgage has been approved and the offer should be sent out yesterday or today. I'm away visiting family until next week, so won't set eyes on it until Tue night. Will there be some mention in the offer in regard to insurance or is it just expected that I get…
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debt to income ratio
Is this simple formula used in the UK when granting mortgages? And if yes, what is the formula used? On some websites I saw people using gross income, others net income etc. And also if used, what is the threshold, is it 40% or lower? Thanks!
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Should I remortgage if I am looking to sell in 1-2 years?
Hi All, I am going to seek some advice prior to my mortgage deal ending in December but wanted to get some ideas before hand as I am organisation freak! :D I currently have a mortgage LTV of 90% that's in a 2 year fixed deal, this is running out in December 2015. Based on current valuations if I remortgage my LTV would…
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Changing job before Mortgage completes
We are in the middle of the rollercoaster journey of buying our first house. We have agreed a price, had it accepted, had a survey and have our mortgage offer. We are now just waiting for the solicitors to talk to each other and do the formal paperwork so the monies can be released by the Building society and the purchase…
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Nationwide value using index is far below market value causing higher LTV bracket
I'm coming up to 2 year anniversary of my mortgage and the end of the fixed period. I bought my house two years ago - a new build - and my house was one that fell through for another couple. The builder retained their deposit - For a quick sale I negotiated a 15% discount on the sale price. An identical one around the…
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Valuation might ruin LTV
The valuation has been done (got sent an e-mail to say the report has been received and I will learn of its outcome in a couple of days). I have a feeling that the mortgage company won't value the house (I am buying my brother out) as much as what the estate agent told me. This will then put me in a higher LTV, and as the…
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Interesting scenario
Good morning, Right... My parents, mortgage free, are looking to sell what has been the family home for the past 38 years and downsize. My partner and I are looking to buy it. It is a decent sized property which would be out of our price range so my parents are going to release some of my inheritance to hopefully enable it…
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Nationwide
I was selling my house to a buyer who applied for a mortgage through Nationwide Building Society. On the day we were due to Exchange and Complete the Underwriters called in the mortgage for Review and Exchange and Completion was unable to go ahead. I have now lost the house I am buying as have the people I am buying from…
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What do Mortgage companies class as Latest Period?
When the mortgage companies ask for income from latest period and previous period, would the latest period be the current tax year (April 2015 - April 2016) or do they mean the latest full period (April 2014 - April 2015)?
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Broker recommended I lower my credit limit
Spoke to a broker this week and got a DIP. He recommend to increase further the chances of being accepted I lower the credit limits on my 2 credit cards, as the lender will see I have a lot of available credit. I have 2 credit cards, one with Barclaycard, the other Halifax. Both have credit limits of £7,000, I don't owe…
