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Consent to Let & getting 2nd Mortgage
Hi, I'm looking for some advice on my current situation. I have a residential mortgage with Nationwide. I have had a change in circumstances which means I need to move out of my current house. Nationwide are willing to agree to consent to let. My mortgage is £240 p/m & rental income is £700 - £800 p/m. I currently also…
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68 yrs lease and mortgage possible?
How practical is to get a FTB mortgage on a flat with 68 yrs left on the lease? The vendor already has a quote and I can factor that in the offer, though what would be the logistics involved? Them extending before the mortgage application? Exchange? Etc? Life is to short :D
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Mortgage, savings, house prices dropping but looking to upsize
Hi everyone, Looking for some clarity here. I am in the fortunate position that I have paid off half my mortgage (2.15% APR), and have a sizable chunk of savings which I am unsure what to do with. If we put it on our mortgage, we would be down to 25% LTV. However, in our area, house prices are starting to drop (Aberdeen...…
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Mortgage Advisor deceived us :( Help
Hi, I need your support, I am depressed Our mortgage advisor has deceived us. We want to buy a house. Our Mortgage advisor gave us empty promises. We believed. We have already spent about £ 2,000 for his applications, surveyors etc. Day after day is worse. Firstly, the lack of communication (always busy, he never has time…
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Buying the house we live in from parents
Hi, my wife and I currently live in a house owned by my wife's parents. They purchased the house as we moved to new jobs across counties but the intention was for us to take a mortgage on it and pay them back when we had settled. After talking to them last night they have agreed to gift us 25% of the deposit. The idea is…
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Property Service Charges
I have been fighting this for years but the law really is not on the leaseholders side. After continuously complaining that I was not receiving full service the Maintenance Company providers finally admitted that I was indeed correct. With this in mind I am going to write to the ombudsman and see if I can get any money…
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Stuck on SVRs due to being abroad
Hi All, Long time forum stalker first time poster here. I am having a problem with a couple of mortgages which are currently on, or soon will be on SVRs, having come to the end of their discount period. Long story short, a little under a year ago I was relocated to the USA as part of my employment with a large…
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Confused!!
Hi everyone I am currently on a 5 yr fixed deal with Coventry. Now about 6 months in. Term is 26 yrs. I am looking to start overpaying month by month soon. I don't want my monthly payments reduced so I guess the term will be reduced gradually instead? My question is when I go to remortgage after the fixed term has ended,…
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Ditch broker mid application?
Hi folks, Long-time lurker, first time posting! I need a bit of a sense check on what to do with our mortgage application. We found a broker through unbiased, and through him applied for a DIP with Leeds, which was granted. We went to see the broker on Tuesday night and took all the documentation we were told we needed to…
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Residential or commercial?
Hi , I have the chance of buying an extended semi which has a hair salon in the front room , it has always been a hair salon since I can remember (30 yrs) but closed over a yr ago due to the owner passing away . I can sell my own house and increase my lending to buy this little adventure no problem , but I need to know if…
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Overseas Property
Hi, Is anybody able to give me any information about buying property overseas? How easy is it to get a mortgage here in the UK to buy abroad? Are the t&cs any different to if getting a mortgage here in the UK? How does it all work? I'm struggling to find any information. Thanks
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Mortgage Application
Hello MSE forum Your thoughts on this please and if a broker is able to offer assistance. I have worked for the same company since 2003 and its been based out of Thailand and I've been based in Thailand. They set up a UK subsidiary 5 months ago so they can still employ me and pay me through the UK subsidiary. I am an…
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MIss sold endowment as an investment
Hi Back in 1994 I was sold two policies by general portfolio which I think are effectively endowment policies, they were called select investment plan and maximum investment plan. I was not buying a house at the time and was single with no dependants. I was told that even though the policies had life insurance that I…
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Residential Mortgage
Hi, We stayed at a B&B and because we're looking at buying at the moment the thought had crossed our mind of having a B&B (living in it and making money from the other rooms). We asked advice from the owner (they have 10 rooms) how they did it. He 'openly' said he bought the property 3 years ago on a residential mortgage…
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Property seriously Down valued
Hi all had our valuation done on Thursday done by Barclay's who have it done with Countrywide Surveyors. house was up for £240,000 O.I.E.O, after a few bids we stuck at £247,000, and although 2 others offered more than us they accepted our offer. now before we offered I looked around the area and other prices within a mile…
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'gifted' deposits.
Greetings, We sold our house last year, and have been staying with relatives until we complete on a purchase. While I have the proceeds from the sale in my account, I also have a sum of money which was, I suppose, technically gifted. My Grandmother passed away, and left my Mother as her sole beneficiary; my mother took…
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Identity Fraud - will our mortgage be affected?
My husband discovered yesterday that he has been a victim of identity fraud. Four different accounts (mobile phone and broadband contracts) have been opened in his name in two days that we know of, expecting to discover more. The name, address, DOB etc are all his but the bank accounts used are associated with another poor…
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Reliable mortgage adviser in Nottingham
Hello All, Would anyone be able to recommend a whole-of-the-market mortgage adviser in the Nottingham area? Thanks in advance.
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Worried about remortgaging
Hi all, I've been a lurker for some time, and now the time has come for me to ask for some assistance. Just want to say thanks to all of you who do read and comment - I've learnt so much from other threads on this forum! :) My partner and I are about to agree to a £290'000 mortgage, (at around 4x salary) £100'000…
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Natwest Transfer of title and Transfer of Equity
Hello, I just wanted to get some advice on the below situation, im not really sure of what order to do it in or if im missing anything. Me and my partner completed on a BTL flat Dec 2015. The natwest mortage advisor advised us that it would be faster and easier to only put my partner on the mortgage as at the time I was…
