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Self Build
Hi All, We will be commencing our new build in the next few months and was looking some advice / experience of the self build mortgage process. We own the land, have foundations in and have planning permission for the build. We are currently waiting on a few more quotations before we address the situation in more detail.…
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Joint Mortgage with ex partner. House in negative equity. Helpful advice needed pls
Hi I joined today for some advice hopefully, also I'm new to all so apologies in advance. I'll give you a bit of my story and hopefully someone can give me a bit of guidance of my next move I took my first mortgage out (Northern Rock) with my ex girlfriend around 12 years ago and she put a deposit of 10% down. Around 2 - 3…
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Had Mortgage offer, how long with solicitors for remortgage and transfer of equity.
Hi Anyone have a rough guideline for me, I have had mortgage offer for remortgage / transfer of equity. Solicitor is in on Monday(as on holiday now so should have offer by then) We are all using same solicitor and the lender has solicitor on their panel of lenders. We need to transfer 55% to me & my partner, and give her…
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Halifax annual mortgage statement - paperless?
I couldn't see the answer online but Im just wondering; Do you have to receive your annual mortgage statement with Halifax in the post or can we opt out of the paper statement and just have it online?
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Offers in the post. Now what do i do!
Hi guys i have just received the best news ever, my valuation has come back at the asking price and the full offer is being sent in the post today HURRAY!!! my question is what do i do now? do i need to make an appointment with solicitor? i know they will get a copy of the offer letter so do i need to wait for them to…
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Help to Buy Equity Loan Delay
My mortgage broker has been telling me for the last two months that the builder of my new house is waiting for the Government to approve their application for Help to Buy equity loan funding. They are a smallish developer in the South/West Yorkshire area. Has anyone else heard of this and if they have any ways to get them…
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Mortgage AR Networks
Hello - this post is just aimed at Brokers/IFA's I am on the verge of joining a network called Ingard - I've spoken to a lot of networks and I'm very comfortable with these people so far and I like the fact its a small network. I also like the fact that have an office in the North of England for training etc as most…
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2nd Small Mortgage for Car Purchase
Hi We want to buy my wife a new car. Historically i've always bought cars cash outright, or financed via personal loan, which I always settle early to save interest. She currently owns her car outright, and I lease mine. She cannot lease a car, as she receives a car allowance from work, and one of the conditions is that…
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Mortgage valuation - conservatory as second living room
Assuming a property with conservatory (polycarbonate roof). No clue yet if building permit exists. Used several valuation tools to get a rough idea of lender's valuation, in order to avoid putting in an offer too high and getting stuck on undervaluation issues.. One must fill in number of beds, bathrooms, living rooms.…
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Basel 3 - affect on BTL
I read the new rules for the Basel committee will be coming in shortly, is it really likely that BTL SRV rates will rise to 8% or above? If that's true then not sure why my broker was trying to get me into a two year fix and failed to mention it, surely brokers should make potential landlords aware, rather important isn't…
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10% deposit, cant afford large mortage, what scheme?!
I have a 10,000 deposit, and recently deposited 1,200 into the help to buy ISA, but can only borrow around 70,000. Looking to buy a small new build house. What is the best help to buy scheme for me? Equity loan? Shared ownership? Apply for a starter home? HELP! its all too confusing. :money:
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Got Mortgage Offer, Looking at Key Facts Form what does this mean
So I got my mortgage offer through today and delighted! Its a remortgage technically as I am buying out my girlfriends brother, we agreed a fee of 260,000 which I felt personally was really good looking at the houses we had seen. The valuation obviously went through without a hitch and got the mortgage offer today and I…
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London mortgage
Daughter renting with friends in London on entry level salary with yearly increments would like to buy. Parents ( us) would like to help with deposit and one or both of us apply for joint mortgage with daughter. Parent retired with good public service final salary pensions, home owners no mortgage. Between daughter and us…
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Stuck with not knowing what to do
I live in Reading, Berkshire, in which real estate has become unaffordable. I have a 10k savings. I can save 10k per year and current salary is 28.8k. I'm living with my partner in her property. So, with my salary and 10k, am I best off buying a buy to let in a cheaper upcoming city/town (like Birmingham), or something…
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Chat to a Mortgage Advisor
I bank with Santander.... 1. Are you able to have a casual meeting with one of their mortgage advisors?... I just want to have a chat about my chances of getting a mortgage, but do not want a mortgage in principle or to apply yet.... My situation is a little more complicated in that I am Employed and Self Employed. It…
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Will new stamp duty changes affect me?
I want to remortgage my home into a buy-to-let mortgage after April and move into rented accommodation. Could stamp duty changes affect me? I currently live in a three bedroom house that I have a normal residential mortgage on. It has been my only residence since 2010. However, due to changes in circumstances, I will be…
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90% LTV over £750k?
Hi Is anyone aware of any lenders that will do 90% LTV over £750k? Scottish Widows used to do up to £1m, but now seem to require 85% LTV above £750k. I have spoken to a mortgage broker who couldn't find anyone else-but don't think she was 'whole of market'. Mortgage would be for me and my wife-both with good credit ratings…
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Getting a debt added to someone's mortgage
Hi all. As a director of a management company, managing our own leasehold flats in one property, we had to commence work on the exterior of one of the flats to prevent the flats above from collapsing in 2015 - quite a structural failure of a wooden balcony. 3 of us leaseholders have paid the amount due but we are having…
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Miss sold endowment.
I previously had an endowment that was under performing like most of them. I tried to claim for miss selling as was told that it would pay the mortgage off and give me a lump sum equivalent to my mortgage. my claim was unsuccessful so I cancelled it and used what money I got back to reduce my mortgage. My question is why…
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Debt to income ratio for mortgage approval
Good afternoon My wife and I are applying for mortgages and have a decent enough income and have a good credit rating e.t.c. However our Debt to income is rather high sitting at just under 50%. We were turned down by one lender due to this and our broker has said to try Nat West next. I didn't even consider that debt to…
