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Split up with ex what will happen to the mortgage?
Hello there I really hope somebody can advise me😢 I have split with my partner we have a £150k interest only Mortgage with c&g, I really want to stay in the house and could make the payments at a squeeze . My ex does not any equity from the house he will just walk Away, but if I call the lender and explain are they going…
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FTB Help Requested
Hello, I was hoping someone might be able to help. We are FTB, had an AIP with Barclays pre Christmas and started looking for properties to buy based on the amount that the AIP was for. Fell in love with a Victorian maisonette flat on a road that we couldnt afford if the property didnt need work. Put an offer in and it was…
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Quick BTL query following November
My wife and I own our main residence together (house.1). We also joint own my 1st flat which we currently rent out. For the next 5 years, we would like to hold onto the flat for various reasons. In the meantime, if we look to sell house.1 and buy house.2, will having flat.1 result in us having to pay the increased…
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Remortgage to pay Shared Equity??
I bought a house using the lift open market shared equity scheme (Scotland) and was wondering if, theoretically, I could re-mortgage to pay off the shared equity and then let the property. The house cost £75,000 in total Lift contributed 30% This is not something I am currently trying to do I have just been wondering about…
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Mortgage AIP post bankruptcy
Hi all, My husband has now been discharged 6 years and his credit report is now clean. The mortgage has always been solely in my name and our fixed rate ends July this year and I have been speaking with a mortgage advisor. She has obtained an AIP for us both to remortgage (they do a 6 month offer) so I was wondering what…
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trying to find and understand old "pension" mortgage
I am trying to get to the bottom of what I was told was a pension mortgage - I am starting to understand that is not the right term so please bear with me. In 1991 I was newly graduated/married and bought a starter flat shared ownership with what now seems a very small mortgage! I was advised to have a "pension mortgage"…
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Mortgage on a PhD stipend income
Hi, I'm looking to buy my first house with my partner, except I am currently studying for my PhD and so am on a stipend for the 4 years, not a salary, which most lenders will not accept. My partner is on a salary (£35,000) but getting a mortgage on his income alone doesn't really get us what we want in the area we are…
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Right to buy Mortgage
Hello Im currently in the process of purchasing my council property. The price will be around 110k after discount (Not verified yet, just going on market rates). I would like to know what anyone thinks about my mortgage eligibility Also, would my partner be able to join my on the mortgage (not on tenancy)? I earn about 21K…
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waiting for mortgage offer from tsb
Hi all, Im waiting for a mortgage offer from tsb, they've done the valuation yesterday. does anyone know how long it takes to get a reply from them with an offer?????? anyone else on the same boat as me???? :money:
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Becoming self employed- effect on future mortgage deal
Morning all, I wondered if anyone has experience of, or if any experts can advise about the following. We took out a help to buy mortgage with Halifax last year (we have 20% help to buy loan). Both my hubby and I were (and still are) in employment. There now presents a fabulous opportunity for me to become self employed (I…
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Remortgage valuation
Quick question, I am due to remortgage in the next couple of months so currently looking around for the best deal. Having been to see our current provider they have valued the property at £315,000. I think this valuation is too high as another flat in the same block was on the market for £285,000 and was sold within a…
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generous lender
Does anyone know who is the most generous lender for residential mortgages? Was looking at Tesco Bank / Barclays / Nationwide. Thanks in advance.
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Complicated mortgage help!
Hi, I am looking for some much needed advice. My husband and I are looking to get a mortgage. We are first time buyers and self employed. I am in a pickle! We first done a quite credit check on equifax. My husband was excellent and mines was fair (no credit history not due to bad credit) We went to a IFA who did a…
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Mortgages LVT confused
HI Guys I've been left confused by my morgage adviser and he has now gone on holiday. So i hope someone can help me out I want to purchase a home for £100.000 pounds, I am a first time buyer, but my credit history is not great, but not dreadful as it once was. Ok so he said the best he could do was a 80% morgage which…
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Adding to a sub-mortgage to get a cheaper rate
Currently got a main mortgage at Base+1.1% lifetime (keeping that one!). But also got additional borrowing with outstanding £18K which has now switched to SVR (4%). Trouble is the minimum is £25K to switch to another product with RBS. I've spoken to them and the only way would be to borrow £25K (which is the minimum) then…
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Mortgage on DMP
I Know this has probably been asking a million times before, but here's another one!! I'm current on a DMP (with Stepchange) since 2011 and 2 years ago me a my wife separated, we are now getting devoiced and she would like her name removed from the join mortgage (understandably). We have a 61k mortgage on a property worth…
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Take out mortgage to buy additional property
Hi all, Hoping you can help. We own our property outright (worth 600k-ish) in London and were thinking of taking out a mortgage against the value of this to buy another property in Kent (c. 400k). We would then use the rental income from the London property to pay off that mortgage. Is this at all feasible? Would we be…
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Got the Mortgage offer - Conditions changed. Is it Risky ??
Hello Friends, I am on my way to buy my first property in UK hoping all goes well. I have reserved a new build property under help to buy scheme with 5%deposit.
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Joint Mortgage advice (one partner bad credit)
Looking for a mortgage of around £120k to purchase a property around £300k. Equity and savings total around £180k so about a 40% LTV Income of each partner about £35k (£70 tiotal) One partner perfect credit (999 on Experian with no negatives on file) The other 3 defaults (on credit cards) from about 3 years ago that were…
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potentially complicated mortgage situation
We're seeing a mortgage adviser next week, but something I had thought would be fairly straightforward appears not to be, so thought I'd see if anyone here has any good advice or recommendations. Thanks in advance! We own our current house outright (we bought a tiny wreck and did it up ourselves), but it is time for…
