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Help needed to sort out mortgage to downsize with debt
Hello All, Posted this elsewhere but was directed to try posting here to get some advice. Am new to posting but I have been a lurker for years, and have been inspired to take control of our situation that has been out of control for a long time. I won't bore you with all the reasons why but after struggling & juggling with…
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Right of reflection on mortgage????
After going through my mortgage interview and reviewing the paperwork there is only one thing I don't understand. It says on the last page "You have 7 days after the date of the offer to reflect before committing yourself to taking out this loan". This doesn't make any sense to me. As I understand it either myself or the…
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Mortgage Query
Hi, can someone advise please? I'm selling my home and downsizing. I'm probably porting my current mortgage to my new property. How do the finances work? IE how is the deposit financed? My house is worth 170k my mortgage is 114k the house I'm buying is 135k. Do I need to find a deposit or is the money all moved around by…
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Gifted Deposit
Afternoon all.. apologies for the long post... My husbands gran passed away last year - his family (mum, aunt & uncle have inherited it) offered us her house to buy - its perfect for us, a semi detached joined to his aunts house, they dont want strangers living next door and they all want to keep the house in the family.…
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Remortgage - BTL - timescales?
Hi all Mortgage veteran, but buy to let noobie - after some advice n likely timescales. We already own the house (has been on a resi mortgage for last 12 years whilst we lived in it) Am proceeding with a btl mortgage with BM, valuation booked for this Friday - application is with lender. conveyancer instructed - I am…
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cant claim help to buy isa :(
The time recently came to close my help to buy isa, I took my closing statement to my solicitor, who I have already paid around £200 for certain checks that have to be done, only to find out that they aren't registered with the scheme, so they wont claim my £550 off the government. I'm disappointed that there was no…
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mortgage lenders that take income from lodger(s) into account
Are there any mortgage lenders that take income from lodger(s) into account when giving a mortgage?
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Additional Borrowing 6 months into fixed term.
Hi i am 6 months into my natwest mortgage. I need to borrow some extra money on top now due to home improvements. Mortgage amount is £72,000 and house valuation is £220,000. Currently the deal i got was 1.59% for 2 years. What are my options shall i discuss a new deal or just get the additional borrowing seperate and will…
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Bit Confused Regarding Broker Advice
Hi all, My wife and I are FTBs likely buying/offering in about two months, and we though that now is a good time to start the ball rolling, starting with a free broker. I've just gotten off the phone with London & County, but it didn't quite go how I thought. I assumed that because we're pretty close to buying we'd…
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Mortage advice for a noob please!
Hi guys, first post here and ive done alot of research but thought id ask around here too. This is the scenario. I live with my parents who have an interest only mortgage with an endowment. Parents are old and dont want burden of a mortgage anymore. They want me to take it all over. The house is worth around 300k, mortgage…
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Nationwide full application adding to mtg
Hi there, We have an AIP with Nationwide for £350k. My husband is going in to the see the broker tomorrow as we have an offer accepted on a property for £325k and we are about to start the full application. Sorry if this sounds naive but, we want to do some works on the property, home improvements etc. seeing as the…
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Help - Mortgage Offer Qry
Hi all, Long story short, I have received a mortgage offer as a FTB to buy a new build flat. I was told by the estate agency when I first placed the offer that the leasehold is for 105 years but the paperwork I received from the lender & valuation reports now states that the leasehold is is for 125 years. My solicitors are…
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Mortgage Term Ending
Hi - my term ends in July. Can someone point me in the direction of a decent online comparison tool that can scan all the current deals out there? Any advice? Or should I just use the tool and see what it throws up? Thanks
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How to have a Lodger in Leasehold Flat on Residential Mortgage
Hi All, I am buying a new-build Leasehold flat on residential mortgage for residential living. After exchanging the contracts I realised that- there’s a clause in the lease banning sub-letting. And its not possible to amend this clause. [I would imagine this clause must be there to stop apartment having houses of multiple…
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Help to Buy Mortgage - pros & cons
Hi all, I'm after some advice. I'm looking into a Help to Buy Mortgage, which sounds great on paper but I am aware there are a few catches. I just wondered if anyone had any experience/advice on the pro and cons? Positive or negative experience? thanks :)
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Do any mortgages allow a switch while letting?
I have a home loan from Nationwide. I am about to move house and let the existing property. Nationwide say that when my deal ends, I will not have the option to switch to a new deal for so long as I am letting the flat, and will simply revert to the standard rate. Is this standard across lenders?
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Morgage minefield
Hi Guys - first post on here - think I'm in the right place! Long story cut short - separated from OH 5 years ago, since then been paying the mortgage (offset) myself as I stayed in the house. I have not been financially able to take the mortgage on my own up until now - sadly Mum passed away last year and I now have a…
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Nationwide mortgage - moving house - ERC and overpayments question
I currently have a mortgage with Nationwide, about half way through a 5 year fixed term. We are moving house (the new mortgage will also be with Nationwide) and have calculated that as rates have dropped it will be cheaper to repay the current mortgage and take out a new fixed rate for the full amount, even taking into…
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First Time Buyer with CCJ
Advice needed, me and my gf are looking to buy a property. She has a completely clean credit file and top score, i however have a ccj. The judgement date was 13/11/2012 for around 21k, currently being paid on a monthly basis. Would we still be able to get a mortgage somewhere and if so where best i am to look? Any advice…
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Mortgage reserve and putting it to use
Good morning all. Hubby wants to leave his job and for us to buy a small business where we can work together and support our disabled son. This post is in a couple of stages so please bear with me. Our actual mortgage is just over 120k on a property worth 700k. We have been advised the rental income will be approx £2000 a…
