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Tax credits and mortgage
I have recently applied for a mortgage with nationwide where I am taking on the existing mortgage and buying my brother out, so additional borrowing. All going fine and the only proof left before I get my mortgage offer is proof from tax credits that they give me (not very much) tax credits each month. I've rang them and…
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Can a 3rd party pay solicitors fees and stamp duty without issues
Hi my husband is on the deeds for his mothers house, his father passed away and his share went to him when he passed away. This means the maximum ltv we can get is 90% we have enough deposit for the 90% ltv but that's it. Mil is willing to pay all solicitors costs, surveys, stamp duty and moving costs. Does anyone know if…
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Mortgage Stipulations - Credit Cards
Hey, I recently got a second mortgage approved to purchase a property, however one of the stipulations due to it being a second mortgage is to pay off one credit card and reduce another to £100. I can do this, but i am looking to purchase some items for the new property and was wondering if i can put it on another card…
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Nationwide timescale (online application)
Hi, We had a DIP with nationwide and yesterday we have submitted our full application with property, solicitor, and other details etc online on the nationwide's website. We were given a reference number and cover sheet with list of required documents to post. We have posted the documents by special delivery today. Any…
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FTB 51, 5%, Director, what's possible?
Thank you very much for reading and for any advice Self 51 £50K Partner 46 £6K + £10K = £16K Savings £10K No dependants If possible would like to buy around £250K At 51 what is longest term possible? If it's 18 years what's maximum we could borrow with 5% deposit? Would increasing deposit to 10% help? I am a company…
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Buying out half of parents house?
Hello! My Father has kindly suggested that I may like to buy 50% of his house (and gradually buy him out). He lives abroad (the house and I are in England, he is outside Europe) and currently rents the house out (but I would need to live in it if I bought a share). I've promised to look into his idea and get some…
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Gidt towards deposit from Godfather
Apologies, that was supposed to read gift!! I am in a position where my Godfather has said that he will be helping us with money towards a deposit. Amount unknown at present as he is waiting for his Mum's estate to be finalised and amounts provided once split between beneficiaries. My partner has been told that we won't be…
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Post Office mortgage/Bank of Ireland hidden fees?
We are currently remortgaging our leasehold flat as our fixed rate with our current provider is due to expire. We initially contacted London and country who recommended a Post Office mortgage but this rate was pulled before we could apply. We discovered it was still available directly from the Post Office so decided to go…
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Mortgage target markets
I've got a low income about 16.25k a year and a good deposit 40k looking to buy a house for 95 -110k. I'm a single person, no credit issues - I believe that makes me a straight forward case for mortgage providers. I've used the MSE mortgage best buys tool. HSBC and First Direct mortgages come out top for my circumstances.…
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Mortgage with Maternity Leave (again)
I realise similar questions have been asked previously, but things seem to change so quickly with mortgages that I wanted to check what a broker told me this morning. We are looking to get a mortgage, but my wife is ~3 months into her maternity leave. She's undecided about going back to work full or part time, and the…
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Conversion Fee?
Hi All Im after your help! We have had number of mortgages with C & G and whilst sorting through our paperwork we came across our mortgage statements for are first home in 2004. We noticed that for the 3 years of the mortgage, each year in October we were charged a conversion fee! It was £499 the first year and £995 the…
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Pay Lump Sum Off Mortgage V's Extension
Hi All, One of our endowments is due to mature next month and it should pay out around 32K. We have a couple more that will mature within the next two years. I'm thinking that perhaps we should consider putting the money towards building an extra bedroom with dressing room and en suite above an existing double garage or…
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Giving house to one child.
Can a father and mother who own a home together and have 3 children give/sell the home to one of their children (who lives with them) and write in a contract that if the house is ever sold by that child the other 2 siblings get a share (15% each for example)? All the parents children are over 40 (just to clarify they are…
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To Gift or not to Gift - HELP!
So........long story as short as possible! Property on market for 100k; deposit available was 10k but as it has taken so long my deposit increased to 13k and finally 15k. Mortgage broker said he should be able to find me suitable lender. I have jumped through every hoop going (turning into a right gymnast!) and lender has…
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HELP! got a redemption with a HUGE shortfall. Could someone explain this for me?
heeeelp we have a Buy to let/ HMO house and are changing our 'Interest only mortgage' over to a 'repayment morgage'. We changes lenders and just had our Redemption statement with a £5249 shortfall after 2 years. The statement is calling it interest not a penalty what I find strange as I thought we paid the interest…
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Leeds Building Society - Valuation Survey on 24/08 - Still chance of no offer?
Been trying to purchase a new build house for about 6 months now. Using an IFA, and originally approved by Woolwich, and then I spent some money on my credit card and at point of application they declined me saying I had too much debt! Paid my cards off, removed 2 x late payment markers and got a DIP from Leeds Building…
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Remortage when limited company
Hi I'm in the process of buying some BTL properties, at present I'm a sole trader but will soon change to a Ltd company. Is it right that being ltd means they only take into consideration your books as a ltd company and the sole trading previous 3yrs can't be accounted for in a mortgage application? I will hold off the…
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Could this be reason for AIP decline?
Hi, I have 1 default back in 2012, but it was paid off, I don't know why its still at the top of the list in my file every month? :( Secondly, please take a look at the following credit searches screenshot, can this be a reason for AIP decline with halifax? Please check: i57.tinypic.com/2uyjdyc.jpg You might need to…
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Is it worth it? Mortgage & job question
Hi Everyone, I hoping a couple of mortgage brokers will chime in here- but would also love the views of those with a bit of experience, or just those that agree with me! :rotfl: I have booked to view a flat on Sunday, we were supposed to wait a bit, but something came up we would both like. On paper it is almost perfect.…
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FTB revised rate, after offer...
So I went to see my broker today to discuss insurance products etc. I'm already in receipt of a full offer from NatWest, for a 95% mortgage at 4.49%. During the course of our discussion the broker mentioned that Natwest had just reduced their rates on this product to 4.39%. He said as the mortgage hadn't been drawn down…
