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Employed abroad
For the past two and a half years I have been employed abroad while my wife has not been working and we have spent part of that time living abroad and also part of the time in the UK, however have maintained a UK address, bank accounts, credit history etc. for the whole period. For the past six months I have been paid in…
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Taking over mortgage in New name
I bought a house with a friend. My share I paid for in cash £160,000. He got out a mortgage for the balance of £20,000 plus an extra money 18,000approx for fees, furnishings etc. The mortgage HE took out was for £50,000. He told me that bank (Nat West) said my name had to be on the mortgage (although I had no independent…
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Obtaining a mortgage with an SA302
Hi, I have 6 properties I rent out and I have obtained every mortgage with my 9-5 employment payslip I'm thinking of trying to the property full time as it becomes feasible. I was just wondering how mortgage companies are when you give them an SA302 instead of an actual month to month payslip from an employer when trying…
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Deposit up chain & new builds 10% on exchange
Hi, I have decided to buy a new build and put down the reservation fee. :T On the reservation form they put '10% deposit on exchange' which I thought nothing of it as a home mover. I just assumed the deposit moves up the chain and whilst my buyers are First timers they will pay 25K. So that will be my deposit, plus the…
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Mortgage on property which "needs modernisation"
I hope this is just a hypothetical question. (It depends on whether our expected purchase goes through.) I've seen a property which requires modernisation. It's a complete mess but it is habitable (if you're not fussy) - there are people living there. Well, there was a cat and it was still alive! Say the property was…
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Will a secured loan effect my Mortgage?
I am looking at taking out a secured loan. Will this have any effect on my mortgage? Apart from the monthly payments does it have any other issues, for example would it have any adverse effect if I wanted to take equity out of my current property?
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Joint mortgage with a default
Hi all, I'd appreciate some advice please. My partner and I are planning to buy a home together. Roughly £200000 in value with a 90% LTV. Ideally I would have liked to arrange the mortgage myself, however I'm a little concerned about doing this as my partner has a default on her account from January. The payment was missed…
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Concessionary deposit advice
Hi there I'm after a little advice if anyone can help. Myself and my wife are looking to buy a house from my father. However do not have a deposit saved for this. The apx value is £140k, however my father will sell us the house for £120k. I believe this can be a concessionary deposit with some lenders. My question is, does…
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Extended borrowing...Changed mind
Hi, Rang to see if it was possible to extend my mortgage and spend 3 hours 30 minutes going over the application. I have got my decision in principle, but its subject to credit check...Think rate tarting may not have helped as I moved the balance twice to stay with the same lender...If I check noddle the balance is showing…
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Advice needed Mortgage advisors?
Hi, Advice needed I am looking to retrain as a mortgage advisor and become CeMap qualified. I have been on the ifs website and can purchase the 3 exams needed. It states the materials provided are Automatically included materials: (Included in the price of your registration are the following materials) •CeFA/CeMAP UK…
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endowment mis-sold ?
I took out a endowment mortgage in 1990 with Halifax and a endowment with standard life,i then paid off the mortgage in 2001 and carried on paying the endowment until it matured early august 2015,i received my pay out 2-3 weeks later.I had a call last week from a company called emcas saying I was most likely mis-sold the…
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90% mortgage on a flat - help!
Hello! Any help and advice would be much appreciated on an issue that's cropped up today with our mortgage broker. After years of saving, my husband and I believed ourselves to be in a position to buy a flat. I've done affordability checks and we'd spoken to a broker (a family friend of my husband's) before starting our…
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can you have 2 mortgages?
my son is buying his flat, he now wants to buy a house with his girlfriend, they jointly earn £60k, he wants to keep the flat and rent it out. The FA he has seen has told him this is not allowed and that he needs to get a buy to let mortgage on the flat, he doesn't want to do this as the rent will cover the flat mortgage -…
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Mortgage/Debt Advice
Problem resolved
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Help please complicated issue
Info invalid
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Indemnity Insurance in plane English?
Hi, I had no luck of getting an explanation over the phone from my Solicitors (they are based up North)... "...it has come to our attention that an indemnity insurance policy will be required due to a defected lease..." "In respect of the lack of mutual enforcement covenants contained within the lease." Can some one…
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When exactly does Early Repayment Charge occur?
Hi, I'm coming to the end of the fixed period of my mortgage with Chelsea BS. The initial 2-year fixed period (1.99%) ends on 31st October. There are ERCs up until this point (2% in first year, 1% in second year, fairly standard). After this, the mortgage goes to SVR at around 5.49% I think at the moment. I'm looking to…
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5 or 10 year fixed rate
What are peoples thoughts on fixing for 5 or 10 year periods? I am thinking of going for a 10 year fixed rate but a little nervous. Has anyone taken up a 10 year fixed rate? My mortgage has 18 years left to run and it would be for £105,000/
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Mortgage advice
Hello All, Im looking to buy my first house but wondering whether my personal loan will have a negative effect. I currently have 18 months left on the loan and paying roughly 330 per month. I have no other debts i.e. credit cards etc and my credit rating is 990.I have 20,000 for my deposit and I earn 40,000 a year. Could I…
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BOI - Borrowing more
Hi, I currently have a repayment mortgage with BOI and have recently fixed my rate for 2 years. My LTV is approx under 70% Does anyone know if the process of borrowing more is a simple one? 1. Will BOI let me do this even though I have just fixed my rate? 2. What is the max they allow you to borrow? 3. Do I need to provide…
