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BTL Mortgage with existing tenant
Are many lenders will to lend with an existing tenant? I'm looking to buy before April, the tenant will be given notice but is happy to stay on, would it be possible to get the tenant to sign a new AST with myself or would he actually have to move out and then potentially move back in.
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Mortgage renewal/existing debts
Hi there, My two year fixed rate deals ends in 12 months. I know I am probably jumping the gun with this, I just wondered if anyone knew if the following debts would be a problem compared to house value/mortgage etc. (The figures below are where I will be in approx 12 months time) House value - £85,000.00 (As at Nov 2014)…
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repossesion and charging order help
hi, i will stick to the facts, i need some advise please, thanks my house has been repossessed. it is a joint mortgage and i have since split from my other half. all credit card and loans were i my name. we have charging orders and ccjs in my name only the house is going to sell with alot of equity. can i have some advise…
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Ageism in mortgages
Last week there was a landmark case against the Co-op where a 59 yr old was refused an extension to his mortgage on ageism grounds. Whilst this case was bizarre due to his high income plus 3 private pensions (he was a retired Nationwide Advisor of some sort), I am facing a similar situation with a major building…
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Nice and complicated - please advise if you can
It's a long one so quit now unless you're in for the long haul.... My husband and I took a mortgage with Halifax for £119,000 5 yrs ago in May. The mortgage is in my husbands name only as they would offer me one or him one but not one jointly due to poor credit, lending criteria etc. We now owe £105,000 and want to add me…
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Remortgaging when i am now self employed
As the title says really, i have just been told by the bank my current mortgage is up in April and i will be put on the SVR which is roughly £50 more than my current deal each month. My problem is since my last mortgage review i have become self employed and will have 1 years worth of books which equates to roughly £37000…
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How Hard Is It To ACTUALLY Get A Mortgage
Hi I have been given notice by our landlady and we are looking at getting a mortgage. We could raise 30kish from savings to cover the WHOLE purchase (deposit, legal etc) but I have two defaults dating 6 years ago ( which REALLY dent my profile, no other late payments or anything anywhere). One to come off on 12 Feb 16…
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How to reduce the risk of buying off-plan?
We're currently looking at a few developments nearby which all have completions "roughly six months after release", subject to delays. With most mortgage offers only being valid for six months, how do people reduce the risk of the build taking more than six months (likely), and having to apply for another mortgage and…
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How accurate are affordability calculators?
Hi there, I've been online using some of the high street banks more detailed affordability calculators to see what we could borrow and I just wondered how accurate they are? I am currently paying off credit card debt but even with my exsisting debt of £7000 the affordability calculators suggest we could lend up to £219900…
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One name on mortgage but two names on actual house?
Quick question, myself & partner are FTB. Currently dealing with a MA who is coming back to us shortly with a DIP. The DIP will be based solely on my partners income and credit history. I am on Debt Management plan so can't be considered on the mortgage unfortunately. Has anyone been in a similar position? My question is…
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Should I lower my credit card limit ready for mortgage?
Hi Looking to buy first house in the summer. I currently have a credit card with Lloyds who are also my main current account holder. I have a limit of £5,800 on it but haven't used it for a good while (3-4 months). I'm going to start using it again for day to day shopping, fuel etc, and follow my compulsory philosophy of…
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Small but frequent gambling transactions
Hi, I am in the process of applying for a shared ownership mortgage with the Halifax (85% LTV). I have submitted my bank statements to the broker, but I am worried about whether small but frequent transactions to one online gambling company will affect my application. I have no other commitments or debts, I have never used…
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Stamp Duty Options
Hi All , This is my first post. My partner has his own home that is worth around £95,000 which he still has a large mortgage on. We are looking to purchase our first property at around the £250,000 mark with a 10% deposit. We would be ready to buy in July 2017 but im trying to be organised with options. Would you sell the…
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Barclay's online AIP
My fiancee and I have recently applied for our 1st Mortgage, she completed an online application for Barclay's at 88% ltv (soft search) and they agreed in principal, I however am worried because Nationwide decline a 90%(full credits search) Ltv for us but accepted an 85 % LTV.. Another issue is mY Partner estimated my…
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Does a Decision in Principal include your Desposit?
Hi All, I am a first time buyer. We have just received our Decision In Principal for a mortgage of £151,700. Now we have a deposit of £25,000 Does this mean that we can only look at properties up to the value of £151,700? Or can we look at properties up to the value of £176,700 I am a bit confused by it all, basically DOES…
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Applying for a mortgage
Hi. I will be applying for a mortgage in the next 6 to 8 weeks and wanted to know if I apply for a 0% credit card now, whether it will affect my chances of getting a mortgage. I plan to transfer a balance and pay it off before we complete for a mortgage, but my wife has this impression that if I have a balance on my card…
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Does anyone know of any companies that would let us offset our savings against my so
Does anyone know of any companies that would let us offset our savings against my son's mortgage?
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Mortgage lender won't lend due to vendor owning less than 6 months...
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DMP, Selling up and mortgages.
Hi. I posted this in the debt free board but have been advised to post it here as well. I don't think this is a request for help (yet) but think it may be a cathartic moment as I try to get my head round what is happening. Although any input will be appreciated (!) 18 months ago I lost my well paid job and managed to dodge…
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Paying off credit cards before completion
Hi.... I have been accepted for a mortgage and due to complete in the next couple of weeks. The mortgage was approved based on me clearing the balances on two credit cards (circa £4k). Will I have to prove i've cleared these debts, and if so, what will I need to provide? I am a little short and would prefer not to pay off…
