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Rehabilitation...
Hello all, OK. We recently sold our house to pay debts and get straight. I'd lost my job in 2012 and basically lived on credit cards (still working but not paid enough to cover everything) until I had to admit defeat and enter into a DMP. Anyway, everything is paid up; I repaid the debts in full and we're now living in…
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Mortgage debt limitation
Hi guys! I had a buy-to-let mortgage with a mortgage company signed up to the Council of Mortgage Lender code of practice. In December 2009, I made my final mortgage payment and wrote to the mortgage company telling them I could no longer keep up payments and that they can repossess the property (I also enclosed the house…
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Offset Mortgage
Hi there :) We have an offset mortgage which we haven't really made the most of over the years, now we find ourselves in a position of being able to save some money each month into it, £700 pm. We are on interest only & have been for quite a while, we don't feel like we want to go back onto repayment, but by putting our…
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Two part mortgage
Hi, I have a two part mortgage with the same provider, the smaller part was for additional borrowing a few years ago. The tied in period for this smaller part has now come to an end, am I within my rights to move this part to a different provider? Thanks, B
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Use broker to borrow more (£15k) for home improvements or go direct? (Nationwide)
Hi all, Just wondering if I should bother going to a broker to arrange to borrow another £15k on my current Nationwide mortgage (to fund a conservatory), or just go direct? If consensus is to go direct, would you suggest dealing with them over the phone or going into branch? Any pros/cons? Many thanks! :j
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Tennant in Common missing for 10 years
Hi there. I’d be really grateful if anyone can help with the following complicated situation. 10 years ago my Mum brought a house with her partner. After 1 month he left the home and we haven’t heard from him since and can’t trace him. He hasn’t paid a penny towards the mortgage, only the deposit. Sadly my Mum has now…
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feasibility
Hello and thank you in advance for any advice on the following: My wife and I are looking to acquire a buy-to-let property (2 bed flat) for £350k. My mother and I own an investment property with a current value of £450k and an outstanding mortgage balance of £35k. Hence, we are looking to re-mortgage this and release £70k…
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Am I being unrealistic about how much we can borrow?
Hoping to get some perspective on our situation here. :) We are first time buyers. We've got a deposit of £13k. Husband has a salary of £19,500 plus overtime. I'm a sahm who hasn't worked for two years (going forward I will be self employed part time, but at the moment I've nothing to contribute). So our initial income…
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Lots of Mortgage Questions for FTBs! Help us please! :-)
Hey all, We're hoping to buy our first home within the next few months but have tons of questions and really hope some of you may be able to answer some. Our situation: We currently rent our home and a few months ago, the Landlord asked us if we would be interested in buying it. We absolutely love the place and of course…
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Looking for Guarantor advice
Hi, I have 2 questions for you relating to guarantors...... 1. I am looking at purchasing a property under the Help To Buy 'Discounted Sale' scheme.... I can't find anything about if or if not guarantor mortgages are accepted under this scheme. If anyone know the answer to this that would be great to know. 2. How much…
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Looking to remortgage after DMP
After some advice please, I have a joint mortgage with my wife with NRAM and looking to move to a fixed rate. Fourteen years and approximately £94 k remaining. I have finished a DMP with two defaults one dated 2011 and the other 2012. Are we best staying with what we have for the moment until he defaults drop off or do we…
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Money released from sale of house
Hi, Probably a more unusal question, but if my partner sells his house (which will return to him a healthy amount) what are the best options for keeping that money safe (and ideally earning interest) whilst we await my home to be sold. In an ideal world, both would be sold on the same day and used to purchase a house…
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Shared Mortgage payment dispute
I am currently living in the hose that I joint own with my now ex partner, she left around March time and since she left she hasn't made any contribution towards the mortgage, I've made countless attempts to try and seek some form of mediation with her where the house is concerned... By applying to court is it possible to…
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Advice about 2nd property
Already have a buy to let mortgage on a property which was my main home in Wales with only 11years left on mortgage. Now living in northern Ireland and renting. Trying to decide if I should carry on renting and be mortgage free in 11 years or buy a second property and will end up with two properties with 25 year mortgages?
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Normal Mortgage Broker procedure
Hi, Just going through the mortgage procedure at as FTB. Applying through a mortgage broker with help to buy, but before they consider me for anything they want to do a credit check. Is this normal? Will it affect any future searches when they check for a mortgage, they couldn't answer me whether it would be a soft or hard…
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Please let there be a solution
Hi Hopefully someone can point me in the right direction on how to go about adding my husband to my mortgage. Recently married and looking into moving next year. Unfortunately I have bad credit history and would be unable to get a mortgage but my husband as not past credit problems. Ideally we wanted to use the profit from…
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Soft search Vs Hard search query?
Is there a difference on what it actually sees? (I understand that the soft search wont effect credit file etc) but wondering whether each result in different information being seen? Reason I ask: was accepted for DIP with Halifax. Worried about being declined in full application due to 2 previous defaults (2 and 4 years…
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Mortgage Short fall
We are coming to the end of are mortgage in 2016. Unfortunately for us we took out an endowment mortgage back in the 90's and we are £31,500 short of the amount borrowed before I call the Woolwich who we took the mortgage out with, is there any other option I should look at like speaking to any other lender and asking…
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Advice please
Hi all, After some advice please. In June this year I moved in to my first home (FTB). Purchase price £165,000 - this is made up of a mortgage of £107,000, H2B of £33,000 and deposit of £25,000. The mortgage I have is with Nationwide, 2.94% 5 year fixed rate. I am now four months in and have approx. £500 left over after…
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Refused a repayment mortgage by current interest only provider
Hi Looking to understand my options and get a bit of clarity. I bought my house 6 years ago on an interest only mortgage. The plan at the time was to switch to repayment after 3 years. When the time came, I was on maternity leave and had just been made redundant so decided to ride the storm with an extra year of interest…
