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3 way mortgage?
Hi, We are after a little bit of advice. Myself, my partner and her sister would like to get a 3 way mortgage. We have not owned a home before and will be first time buyers. I have done some research about tenancies in common and we would obviously seek legal/mortgage advice prior to making any kind of applications. The…
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Was i mis sold my mortgage?
Hi, i bought my flat in 2006 and have recently decided to sell. When advertising the property i looked for the details of the remaining lease and found my initial mortgage valuation report. This stated that the lease had 85 years remaining when i bought the property. I therefore advertised the flat with 76yrs remaining on…
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To insure, or not to insure
Hi All I am in a quandry. My ex husband and I still own a house in joint names (which we're trying to sell, and have been for 3 years). We've just renewed the mortgage and are both still contributing equally to it but there is no term insurance on it i.e. if either of us loses our job or, dies, the other will be left with…
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Unplanned Overdraft
Hi, Im looking to buy with my partner at the end of the year. I have traced back my bank statements and although i sometimes am in my Overdraft i clear it every Friday when i get paid. i have been OD clear since 1st August (so far) There have been 2 occasions this year February and May when i exceeded my £300 OD limit, but…
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Bridging loan - first time buyer
Hi, My mortgage application is not going through successfully because of self employment, defaults etc. i have decided to get a bridging loan and pay it after 12 months using remortgage. I have a few questions: 1. They are asking for security, as I am first time buyer can the new house be used as security? 2. How is the…
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Mortgages
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Have HSBC fixed mortgage 3.29%, now 2.49%!
Help please, first time buyer just purchased a property, we literally completed last week and agreed on a mortgage rate of fixed for 2 years at 3.29% initial £999 booking fee expecting interest rates to not go any lower, however almost immediately it looks like HSBC have now brought out a 2 year fix at just 3.09% initial…
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Pay off mortgage or into pension?
I'm in a dilemma and hoping some-one can give me some advice. I have a mortgage with £135,115 outstanding at 2.5% (bank of england tracker) which ends May 2032. The mortgage is interst only but I do over pay. I am a 40% tax payer and aged 46. Am I better paying into a pension, overpaying the mortgage or a bit of both? My…
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Tax Credits
Nationwide want a copy of my tax credits and I have found the latest letter I have received from them dated May which states £8 a week childcare. I completely forgot about this when doing the mortgage application as I literally give my kids a £1 each morning for breakfast club. I know it is a small amount, but is it likely…
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Relocating & buying new house - mortgage before jobs - impossible?
First post, so hope I follow etiquette! We've already approached a mortgage consultant with our questions but to be honest it didn't appear he listened to anything we said or that he was remotely interested. We're looking to relocate from where we currently live in the South West to hubby's hometown (where his parents live…
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Deposit - gifted?
I am researching buying my first home. back when i was a young child, my grandfather gifted me a large sum of money. this is my deposit. it is in my name, has been for probably 25-30 years, would i have to declare this as a gifted deposit, or not? mortage would be around 35% of house value if that makes a difference.…
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Self Employed mortgage questions - help?!
Hello All, Myself and my husband are looking to move house. The flat we live in now was bought by my husband before we met so he has a small mortgage on this but I have never bought a property. Apart from the difficulty of actually finding a house we both like and can afford the main stumbling block to finding out what we…
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Mortgage offer
Hi all, Can anyone shed some light on where I stand, I have recently received a mortgage offer for a 'let to buy' mortgage and have had the offer in writing. No funds have been released as of yet as the solicitor is still doing the legal side of things. The mortgage companies rates have just changed to a lower rate for the…
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First time buyer with bad credit history
Hi, I'm hoping someone can help me. I want to buy my first home but have a default that was registered in 2012, it will soon be cleared but wondered if anyone can tell me the likelihood of getting a 95% mortgage in this position? Thanks in advance
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YBS- Equifax only?
I've seen that YBS use Equifax to credit score- is that the only CRA they use? I've tried being upfront with brokers and lenders about my history and nobody can help me, so now I'm wondering if we go to a lender that uses Equifax they won't be able to see my mistakes (defaults on PDL) as they're not on there.
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Help to Buy Mortgage Guarantee First Time Buyer
Hi there, We are applying for a mortgage with NatWest at 95% LTV, through the Mortgage Guarantee Help to Buy scheme (NOT the loan scheme). Before I instruct solicitors and surveyors, does anyone know if we HAVE to use the solicitors/surveyors that NatWest tell us to? Or can we use anyone? Thanks, K.
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Transfer of Ownership - Halifax
Hi, I am at the beginning of the process of transferring ownership of a property into my sole name following splitting with my OH. The lender is Halifax and I have had an initial appointment with a mortgage advisor from the bank. They carried out an affordability assessment and found that I would not be eligible due to…
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Debts and Mortgages
Hi all, I have posted before about our debt situation, and I have massively managed to cut back on all of our out goings each month clawing back almost £500 by changing energy providers and mobile phone tariffs etc. I still have a couple of questions that I was wondering if someone could help with. Apologies if it…
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best mortgage lender to buy undervalued property from parents?
hello Guys, i would really appreciate your advice on the best lender to approach in order to purchase a property from my parents. the property value is c£220k, however my parents only want £125k.(in essence gifitng me £100k) i also have around £50k in cash, but i would ideally like to use this to fully refurbish the…
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Using inheritance as mortgage deposit - santander don't understand the deed, arrrgggh
I'm trying to port my existing santander mortgage to a new property - early repayment charges are too high to give me any option. I'm not asking to borrow any more as the balance will be made up from inheritance. The issue is that santander don't seem to understand the deed of variation to my grandmothers will that proves…
