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reservation fee
Hi doing some questions and i came across this question if i am right in assuming what this means i am quite puzzled this issue does not normally come up as people normally add the fees to loan but here goes. nicky pays a reservation fee of £250 when applying for a five year fix rate mortgage with an extended early…
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Legal way of removal of a charge on a property
Hi Everyone, I/we purchased a house 12 years ago with my partner. The house is in her name but we did a declaration of trust before we moved in back July 2003 did not register with the land registry I have made all the mortgage payments over the last 12 years and the maintenance of the property to present day. My partner…
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Where to Find Interest Only Remortgage
Dear Forum My wife and I have an interest only mortgage on our home which is about 55% of the current value. This mortgage is variable at 2% above base. We thought it might be wise to take a long term fixed rate for 10 years, to future proof our finances until our kids leave home. But, we are struggling to find an interest…
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Buying out a joint deed holder on a freehold property with a mortgage???
Hi All, I was wondering whether you can advice me on how I can best proceed with a situation and whether it's something you can help me with legally. Situation- Myself and my sister are both on the title deeds for a freehold property that my parents gifted to us in 2013. Since we have no mortgage I would like to know…
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Taking Out a Mortgage on Parents Home
Hi there, My sister lives with my Mum. My Mum owns the home and she has paid off her mortgage. Is it possible for my sister to take out a mortgage on my Mum's home? What is required in order to do this? It is for £90k, the property is worth £320k. Any information would be great here. Thanks
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Reasons accepted by lenders for releasing capital?
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Mortgage survey
Hello, we have recently had a mortgage survey on a property we are purchasing, the property has recently been converted and is basically brand new. The Survey report come back saying the property is valued at the price we have offered, however on the general remarks on condition and future resale this was noted: "The…
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How does renting out to buy work?
Is there a simple way of working this out or should I speak to a FA? Im thinking instead of selling our flat when we find a house we like, renting it out for a period. This would mean when we find somewhere we like we wouldn't have to worry about finding a buyer. But how does it actually work? I get that we would then have…
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How to move house but keep existing home as a buy to let
Hi - we are thinking about moving house, but we would really like to keep our existing home and rent it out. We are guessing we would need to save more to do this, but here is our position: House worth around £360k Mortgage is £220k A new home would be around £430k Would we be able to use the equity from our current home…
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Removing an ex from a mortgage. Turned down, now what?
Two years ago my partner cheated on me and we split up. She walked away and now rents her own place and I am paying the mortgage whilst living in the house we bought together. She is still on the mortgage but hasnt paid anything to it since we split. We would both like to remove her from the mortgage and have been told…
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Becoming a Mortgage Advisor / Broker
Hi I have asked a couple of questions on here before as I keep thinking of a career change into becoming a mortgage broker. I am currently an assistant accountant and will have a max salary of about £28k unless I become a fully qualified accountant but I'm not sure that what I want to do. So I have a couple of questions…
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First mortgage payment?
Completing on our new build on 30th September. Mortgage with Nationwide - do any of you guys with experience think our first payment with be 1st October or 1st November? Thanks.
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Self Build Mortgage
Hi I was lookin for advice on a mortgage to build my home. This is an early stage enquiry I haven't even spoken with a financial advisor yet I wanted to get an idea of the deposit needed to take a self build mortgage? Has anyone done this process before? Is it possible to take a mortgage out on the land to start and build…
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Change of borrower criteria?
Hi all. My husband has walked out on me and three children. He's never been financially stable and this caused us to be stuck on a variable mortgage rate for a while. My dad stepped in and paid his debt, so I could finally get a fixed rate. Now he's gone to another woman I am divorcing him. I'm trying to get him off the…
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Halifax Mortgage, pending valuation.
Hi, We have applied for a Halifax Mortgage through a broker. Our Broker got in touch on Friday, to say that our income had been verified and it was now pending the valuation of our potential new home. Does that mean that credit checks have been passe and will the application already have been put to the underwriters? Sorry…
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Time with First Direct current account to help get mortgage
Hi, Don't know if anyone will know this (especially as they don't deal with brokers) but thought I'd ask anyway. Planning on switching current account away from First Direct. Reasonably happy with them, but all else being equal may as well have an account that pays rather than one that does nothing. But, in three years…
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Can I get a mortgage for my parents?
Hello, I am 35, and my parents are 66 and 64. My father has already retired and my mother is set to next summer. They have never owned a property due to having dwellings provided with their jobs. With my mother fast approaching her retirement time they are looking to buy. They were looking at a house for £169,000 and have…
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Moving home, a pay rise and a first time buyer
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Mortgage isa's. Rephrased
Q. If you get a Mortgage ISA say with Halifax can you only get a mortgage with Halifax? Q. If no to the above can a Broker still be employed? I recieve a link in the other thread and it was nothing different to what I had already read. Can any of you brokers out there which sometimes say they have had information on what…
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London and Country
Anybody used London and Country mortgage brokers and if so are they any good
