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Property jointly owned with wife; can sole mortgage be taken out?
Hi all, I plan to buy another BTL property soon for cash. I want to put it jointly in the name of my wife, so that she can receive the rent (for tax reasons). With the property in both our names, if I decide to mortgage this property in the future, can this be done in my name solely? I ask because my wife's credit rating…
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First time buyers - large deposit but bad credit
My husband and I are looking to buy our first home together. We are both first time buyers with large deposit - around £220k. We spoke to HSBC at the weekend to look at getting a mortgage in principle but I don't have great credit. We are now financially accociated. This has meant my husbands credit score has dropped from…
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Borrow Extra on the morgague - House value difference?
Hi All Should be a simple one. I currently have a mortgage on a property i bought around 2 years ago for 80,000 (68,000ish owed). When the property was bought, it was in very poor condition (broken CH, damp, leaking roof, ancient electrics, cracked rendering etc) and in this time we have done extensive refurbishment, I've…
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house Valuations when Remortgaging
Hi When getting a new valuation done when re-mortgaging do the provided have more access to the recent sold prices than me? I ask as since I bought there have been about 5-6 houses sold in my street, all for far more than we paid yet only one has appeared on Zoopla / Rightmove with the actual sold price. I know what they…
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SAYE Scheme Effects on Mortgage Application?
Hi all, my company has announced a Save As You Earn Scheme which I am very interested in signing up for and saving a decent chunk of money in. The concern I have is that next year me and my girlfriend are looking to buy a house but we are concerned that this scheme might effect the amount of money we can borrow in an…
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Poor Credit - Mortgage Advice
I've just completed a 7 year DMP and all of my toxic debt has been cleared. As with most DMP’s they have left a trail of defaults on my credit file most are dated in 2010 and one in 2012, come October 2016 I will just have the one default showing on my file which is fully settled. I have second property which I rent out to…
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Surprise £45K - what to do ?
Hi All, New here, as I need some qualified advice on waht to do with a surprise £45K lump sum. My scenario: I live with my girlfriend of 3 years - we bought a house 12 months ago, with a 20-year term £156K mortgage, which we share equally the monthly repayment. The initial deal has come to an end and our existing lender…
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A big drop in salary - where do I stand when my fixed term finishes in September?
Hello! I wonder whether you are able to help me with a question relating to earning less but still trying to retain a good mortgage deal. I live alone and agreed a 2 year fixed term mortgage last year which expires in September 2016. At the time I earned £36,000 and the loan to value was really good, with a monthly…
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Nationwide first time buyer cashback
Hello, Does anybody know how the first time buyer cashback is paid? Is it paid to my flex account, or is it paid to solicitor? Regards, Dimitri.
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End of the road...... hopefully!!!
Good morning, Time to fix my mortgage again hopefully for the last time before paying it off completely. We currently owe £73500 on a house worth circa £190000. Remaining term on mortgage 9 years but I would like that finishing in 5 years time. We jointly earn £63000 , have 2 kids but no childcare as the little darlings…
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End of fixed rate with Halifax - Want the best deal!
Hello everyone I'm coming up to the end of my two year fixed rate with the Halifax. My current mortgage is 157k, property is worth about 350k and my current monthly payment is £750. I've spoken to Halifax about moving onto a new 2 year fixed deal and online I can see they are offering me a rate of 1.94% which will mean a…
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Declined Halifax AIP, Confused!!
Hi, I was just informed by my broker that our application with halifax has been declined at AIP stage because of credit score.. I am absolutely shocked and confused why our AIP was declined... Here is my credit history... No defaults, no CCJs, only 3 missed payments back in 2012. The only thing that looks adverse in my…
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Mortgages after divorce
Hi, was wondering if anyone could help, As part of my divorce financial settlement my ex-wife kept the marital home but I had to relinquish my share of any equity in the property despite having to stay on the joint mortgage, i know it's a nightmare. I don't pay anything towards the mortgage I'm just on it in name. She…
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lump sum overpayment
Hello i have 2x mortgages wit the same bank both are the same amount and same term but one is 2.5% and one is 2.74% i want to over pay £30000 in a lump sum which of the 2 mortgages is best to overpay? if i pay £30000 will all of this come off the amount i owe or will some of it disappear immediately as paying of interest?…
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thanks
just wanted to say thanks to many of the brokers/advisors on here who have helped with querys i have had about cemap. I have now passed and been offered a job as a broker thanks all.
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saving habits affect chances of getting mortgage?
just now I'm living at home and managing to save about about 70% of my wages, I'm a lower band tax payer, pretty far off the 40% rate... could that ever be looked upon as a bad thing? I'm putting the money in to an IASA
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First BTL help
I am a homeowner with a house worth 489K, I wish to purchase a house near me valued at 219k. I am currently LTV 67% on my current mortgage. The new house I wish to rent out as a Crack house Den and wondered, so two questions: Can I claim on expenses such as consumables like foil and pens e.t.c. ? Can I get a BTL mortgage…
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Borrow extra money on mortgage
It's time for me to remortgage as I'm coming to the end of my 2 year fixed rate, and I also need to get a new boiler so thought it would be a good idea to put that on the mortgage. The problem is that First Direct are telling me that I have to borrow at least £5000 if I want extra borrowing, but I only need about £2000.…
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Remove record of failed mortgage application
Hello, TL;DR for the below: Can I ask Halifax to delete the record of my previous mortgage application? Around a year ago I applied for a mortgage with Halifax but it all fell through last minute due to a default on my account. At the time I thought it had expired so appealed with them but I was ultimately turned down they…
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Self employed mortgage advice please
Hi Does anyone know if there are any lenders who would consider one year accounts for a 90%ltv self employed mortgage? If there are any brokers or anyone who is aware whether there are any such self employed mortgages available? I understand that details may not be able to be posted online but would like to know if there…
