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Remortgaging
Hi, Just wondering what the costs involved would be on remortgaging to a different lender?
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Payday Loan Anxiety
Hi, We are about to instruct a broker to help us find a mortgage. We have a 20% deposit and my wife has an excellent credit history. I on the other hand fell into the payday loan trap and have numerous payday loans on my record, the most recent of which is over three years ago. I have no missed payments, defaults or CCJs.…
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Poor Credit score - DIP obtained via broker - reliability
So quick rundown, me and my partner are looking to buy our first house. I earn £42,000, partner earns £11,000 (part time) - looking for a mortgage of £210,000 on a property valued at £272,000. My credit score is poor - due to a (settled) defaulted account last year. Her's is pretty stellar - so not an issue. Our…
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Mortgage Overpayments
Hi all, Looking for some advice please. In September 2015 I remortgaged my property. I originally owned the property jointly with my father. We had approx 8 years remaining on a lifetime tracker repayment mortgage @ 2.49% (BASE + 1.99%), paying approx £866 p/m. Following my father's death I inherited the property and…
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Mortgage broker added money on
Quick question for a friend that has just found out that her mortgage broker has added £6k onto her new Mortgage for debt consolidation. The mortgage lender has stipulated that they want to see that this £6k loan is paid off before they give her the mortgage. There is no loan to pay and they are furious. The broker has…
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Adverse credit Halifax
I'm a first time buyer and have just applied for a Mortgage through Halifax on the Help to Buy scheme. The flat is a new build being sold at 20% below market rate for £165,000. I would be borrowing 40% (£66,000) through help to buy, I have a £38,000 deposit, and have applied for a £61,000 mortgage on earnings of around…
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Nationwide March Timeline
First time buyer going through right to buy.using broker. Too many questions firstly what is the difference between DIP And AIP. I initially did a DIP and was approved then decided to use a broker who advised I had been declined by nationwide to my surprise thy had accepted me with the same info given via broker.This left…
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Mortgage on a studio or ex-local authority?
So I have recently had a sale fall through after the seller pulled out at the last minute due to being greedy and wanting more money :( I have a 90% LTV mortgage offer in place with HSBC so I assume that, so long as they are happy with valuation on a new place and it is same/lower price, then I don't need to go through the…
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Gifting your child a house deposit.
I am considering helping my stepdaughter, a first time buyer, to purchase a house by gifting her a deposit. To protect this gift, I'd like to have a deed of trust stating that if the house were sold, after repaying the lender and legal fees, I'd have my deposit returned. I'm receiving conflicting advice as to whether this…
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Commercial Business Mortgage Advice Needed
Hi all, I am looking for advice, My goal is to buy a small holding with land to run land based activities (sport) and keep livestock to sell for meat. I'm looking in the North Welsh area at a house with around 10-20 acres, around £180,000-200,000. (which is the same value as a terraced house in my town) I want to run a…
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Leasehold on Shared Ownership ? Help
I wonder whether anyone has any advice on this or had any similar experiences when buying a shared ownership property . We had a mortgage offer on a shared ownership house ,subject to valuation .The property has 82 years leasehold . The valuation came back today saying : "The value reported is for the 100% share of the…
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Mortgage on return to UK
I am a British citizen, working for a British company in the middle east. Until now everyone over here has been paid monthly into their UK bank account. However, owing to a change in employment law here, we are being forced to open a local bank account to receive our pay in local currency. The vast majority of British…
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Loan before switching to new deal (same mortgage provider)
Hello Probably a stupid question.. My fixed term is due to end with Halifax in June and am due to switch to a new deal in the next few weeks (can't do it until April due to being outside the 3 months that I'm able to do it currently) I'm due to get married this year, however my dad has been diagnosed with cancer so looking…
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FTB: Student Loan & Mortgage
Hi, I had a student loan in 2004, still not paid off. There seems to be conflicting information whether the loan repayments are taken into account when applying for a mortgage / affordability test? Is it the discretion of the lender? Also, what about pension contributions? i haven't 'opted in' to my pension via work yet,…
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Nationwide MTG calculator
My husband will be the main applicant when we get to the point of applying for a MTG using NW. I have inputted the same info on the online affordabilty calculator but in two different ways. Both come up with different amounts we could possibly borrow. A: using hubby and myself both as applicants...myself being unemployed…
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Let to buy - some queries
Hi, I’m really struggling to find any decent info on let to buy and the associated considerations so wondered if anyone had any advice/experience they could share? My husband and I have a house in London that we bought with a mortgage 3yrs ago, and we have lived in it ever since. There’s a possibility that we may have to…
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Foreign national as gurantor.
Hello, My wife and I are looking to purchase a property worth ~330k. We have a 30k deposit, but my wife's income is only 21k, and I'm on a zero hour contract (and my credit rating isn't great). We have no debts however and can make the projected £1500 a month mortgage payments. So we are looking for a guarantor mortgage.…
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Remortgage and move soon after
Hi all, I would appreciate a little of advice please. Quick Explanation =========== 1. I want to remortgage to get a better deal as I'm now in a position to - and would save hundreds a month 2. I also have my house for sale as I'm keen to move. I would of course need to port, or get a new mortgage 'best-case' weeks after…
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Offest Mortgage kids savings accounts
Hi, Myself and my kids (under 10) stand to inherit a fairly large amount of money, most in the kids names and some in mine. I want to offset this againt the mortgage. I understand that if all the money is in my name, i will pay tax on this, whilst if i keep the kids money in their name they wont pay as much tax. My current…
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First Time Buyer Advice
Hello, My girlfriend and I are considering buying a house but I wanted some mortgage advice. At the moment we have enough for a 5% deposit on a £150k house using the help to but mortgage guarantee scheme. Now obviously if we do this we will pay a higher interest rate. (for example 4% fixed for 2 years). If we save enough…
