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Equity buy out due to split - Can the mortgage stay in joint names to avoid new loan?
Hello, Searched quite a bit on this but don't seem to be able to find an exact match to my question. Forgive me if it's an obvious answer. Myself and my partner are joint tenants, and both on the mortgage. We need to split so I will potentially buy her out of her share of the equity. I understand we will need to employ the…
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Problems with Endowment Maturity
For the last 3 months I've been trying to get an old lender to confirm they have no interest in an endowment policy that is about to mature with the Pru. I seem to be stuck in a loop. I have no record of the original mortgage with Credit Agricole which was paid off in 1993. Pru want me to secure a letter from Birmingham…
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Re-mortgage to buy to let survey
Hi, I am wondering if somebody might be able to help me / give some advise. I currently live in a fairly new (1996) two bed end of terrace house which cost me 77,500 in Dec 2006 and which I have completely redecorated including new kitchen and bathroom and added double glazing. The house is in Middlesbrough (the North…
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Advice please - is the value sometimes hugely different to recent sale prices?
Hi My husband and his father bought a property 9 years ago on a buy to let mortgage for 137k and they put down a 12k deposit. They bought at the worst possible time and now the houses next door have recently just sold for 126k and 125k. My husband and I want to apply for a mortgage next year to buy this house by getting a…
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Fixed coming to end but we are looking to move
Our 2 year fix mortgage is just about to come to an end and i am after advice what to do next. We are looking to move within in the next 6 months so i don't want to get stuck in a fixed term mortgage that we have to port and then take an additional one out for the shortfall on a different rate. Any suggestions what would…
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Little Advice please re new RE-mortgage
Hi All, I need a little help please! I bought my first property in Dec 2010 and signed up to a 5 year deal where at the end it would change to the current rates of the time. No problem with that.. Ive done a LOT of changes to the house and now that I'm only a couple of months off (Dec 2015) of the end of my current rate,…
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Sa302 vs net profit sole trader
Hi applied for a mortgage in principle with woolwich (barclays) joint application i am a sole trader For myself They require SA302 as well a net profit figures from my accountant which is fine and i have. However for the last 2 years which they require the SA302 for both years these are around £4500 lower than my net…
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I feel as if I am fighting a losing battle with Kensington. Going through a specialist broker (costing the world) Details Me salary 19k + over time Hubby Salary 18.5k overtime 1 child full time school Adverse credit all older than 2 years and mostly paid off. House price 105k with 15% deposit lending 89.5k Submitted all…
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Halifax Survey - why am I paying twice?
So I've paid Halifax £735 for the valuation survey. The mortgage advisor said I'd need to pay the extra for the building survey to the actual surveyors. This morning, I get a call from Colleys (?), Lloyds Group's surveyors, saying they don't have any surveyors in the area and gave me the numbers of some other surveyors…
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What comes first....?
What comes first get a Mortgage in Principle or make viewings and an offer? I'm a bit confused and reading conflicting things. Our property is ready on the market.
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Worth paying a lump sum off now or wait?
I currently have £90,000 mortgage outstanding on my flat. I'm on a fixed rate until August 2016, although I can pay off 10% of the outstanding balance per year. I was going to pay £9,000 off now, but is it better to wait until the fix is up next year and put the lump sum in then?
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Shared appreciation mortgage
I know this is going over very old ground, but is there anyone out there who has the details of the SAM contracts? In every article I've ever seen about them it just says repayment of up to 75% of the appreciation. It has been put to me that this figure is derived from the fact that SAMS went up to 25% of the original…
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legal advice maybe?
Good Morning people Can someone give me some piece of advice please? I bought a house with my husband last month and now out of the blue he changed his mind and he wants to move out. We agreed that we won’t be selling the house at least for the next 2 years (fixed rate mortgage) as I want to stay there. My husband told me…
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remortgage stresses
hi, I was hoping someone might have some advice for me regarding my remortgage situation.. As a first time buyer I bought my house 3 years ago and mortgaged with Woolwich on a fixed term repayment mortgage. Since then I have begun a relationship and bought a house with my partner which we have moved into. I am renting my…
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Selling house in 2017. Keep current one?
I became a first time home owner in March, having moved to Wales for a two year contract. Having rented for 12 or so years and on short term work contracts, I finally secured a permanent job and was in a position to purchase. It made financial sense for the two years, dead money renting and all that. That's the easy part.…
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Should we change mortgage rate now or wait?
We have been offered a mortgage rate which is 0.8% better than our existing rate but we've been told that we have to accept it by tomorrow if we want it to be active from 1st October. Otherwise we'll have to wait until 1st November for it to be active. Should we go for it or wait to see if the rate improves further? I…
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Natwest - New Build within 20m of capped mine shaft
Hi everyone, Just after some advice from anyone who has been in similar situation or is able to give information on my situation. We are in process of buying a new build house which is on site of an old colliery, our house faces the park area where the shafts are, there are 5 shafts and my house is around 18m from 1 of…
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Coming to the end of our fixed rate period?
Hello all, We bought our current house four years ago and because we had to stretch when we bought it we took out a fixed rate mortgage with santander at 3.99%. Up until quite recently i didn't feel the need to rush into any new fixed rate for a while, but now it seems that rates are more likely to rise than at any point…
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Santander Mortgage Application Timeline
Some timeline information that I will update for anyone else applying with Santander. 02/09 - AIP Offered for 85% LTV on £210,000 property - affordability for over £350k... 11/09 - Offer accepted on new property for £230,000. 23/09 - Full Application submitted by Broker.
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Worth overpaying on interest-only?
I have had an interest-only mortgage for ten years and cannot afford to go on repayment. I have about £90k in equity so am thinking about moving to somewhere cheaper, although my daughter hates this idea. I can afford around an extra £200 a month (would be £600 more if repayment) - Is it worth me overpaying on this…
