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How do I demonstrate Daddy's deposit?
So I'm viewing a property on Monday the 16th, its hot, and ideally I want to make an offer for it then and there. However Ive not even approached a mortgage lender as of yet. Time is of the essence because its a very nice property, and I wonder will getting a mortgage with the estate agent in question Your-Move help secure…
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Buy TO Let New Regulated Problem
Hi can anyone help I have lived in a property owned by my parents with a small mortgage on for the past 8 years we have an assured shorthold tenancy agreement in place and I pay the current rent I get somewhere to live and they earn an extra income all above board with tax returns until we went to renew with the mortgage…
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Mortgage agreed in principle, impossible condition attached when offered
My daughter and partner had an offer accepted on a property about 3 months ago after having an 'offer in principle' for the mortgage arranged by a mortgage broker. They told them all their circumstances at the time, and thought an 'offer in principle' meant as long as they were able to prove all the facts were correct, the…
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Mortgage Application - Legal Fees etc
Hello, I have a decision in principle and we nearly have the additional fees needed to purchase a property (stamp duty, legal fees etc). I wondered if after making an offer for a property, the mortgage provider needs to see evidence of the additional fees? We would only be about 6-8 weeks off having the additional fees.…
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Divorced - Change Mortgage & Title Deeds - recommend online conveyancer Lloyds Panel
Hello I am looking for some advice please? I need to find an online conveyance who is on the Lloyds Panel. My Mortgage company - Lloyds Bank are happy to remove my ex-husband from the mortgage and put the mortgage in just my name; however they have informed me that I must find a conveyancer who is on the Lloyds Panel. As I…
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Which debt to overpay?
Hi all, my circumstances have changed recently as I have moved in with my partner. I have an interest only mortgage with 15 years left to run. I am renting it out for 12 months to see how it goes with consent to let. I am on the standard rate of 4.95% He does not have a mortgage on the property we live in-his parents…
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Down-valuation advice needed!
Hi all, I'm a first-time buyer and the property I've had an offer accepted on has been downvalued by the lenders by a whopping £14k from an agreed £124k down to £110k. I received the news about this last week and understandable the vendor of the house is furious about this and the estate agents are chasing me frequently…
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Morgage with Ex - Advice needed!
Hi all, I'm hoping some of you folks may have had a similar situation to me, so may be able to offer some advice on the following. Around 2007 I bought a house with my ex parter, with the mortgage being in both our names. We separated (pretty amicably) in 2012 and I move into a rented place, though I continued to…
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Do I qualify for H2B bonus?
Slightly strange scenario which I cant seem to find an answer... My partner bought a house in 2005 with her then partner who has now passed away. Since then she has remained with the same mortgage provider but would now like to re-mortgage to a better deal. Bought: £155k Now worth: £220k approx Equity remaining: £130k My…
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Want to borrow more
Hello everyone, Just looking for some advice. Currently we are looking to move to a new property. We are looking at around £650,000. We will be selling our house and will have around £100,000 deposit for the next property so looking for around £550,000 mortgage. Halifax and Santander have said the most we can borrow is…
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Could I pay off mortgagev quicker?
I have a standard variable rate mortgage with Nationwide Building society. Total borrowed was in the region of 117k in 2006 and that’s now reduced to around 90k as it’s a standard repayment mortgage with 15 years to go. Because I’ve been a Nationwide Member for many years I qualify for their 2.5% SVR rather than the 4.5%…
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Lender reneged on mortgage offer
Hello this is my first ever post so forgive me if I seem like i'me rambling. Also concentration out of the window with stress :{ Several weeks down the line Our lender has renaged on it’s mortgage offer and has put a condition that the loft alteration is complete and signed off before they will lend (35% ltv) It seems…
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No Mortgage and Buyng a second property
Hi, my step Dad has his home that is fully paid offer with no mortgage for the last 4 years. He is thinking about buying a new home and living there, then renting out his old property. How would this work? Would he still have to get a buy to let mortgage on his new house even thought it will just be him living there?
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Getting a mortgage advice
Hi, I've been a long time lurker with no reason to post but now need some expert advise of my own. Bit background info. I'm 30 now but in 2008 I bought a house that cost £110k with my ex partner. All was in my name, we subsequently split in 2011 and I lived there alone, I lost my job beginning off 2012 and had my house…
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FirstMortgage - mortgage advice
Hello, I'm currently researching taking out a mortgage to buy my first property. Doing a quick Google search led me to first mortgage. I'm thinking of speaking to a mortgage advisor there. Does anyone have any experience in dealing with first mortgage? They offer free impartial advice so figured why not. I'm wanting to…
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Quick Question about Buy to Lets and Personal Mortgages
Hi, I have an appointment booked with an independent advisor but thats not for a few weeks and I have a quick question. When calculating a personal mortgage, do they take in to account any buy to lets in calculating the amount you'd be able to borrow i.e. covering the B2L mortgage costs if the property was empty? My…
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Nationwide raises mortgage borrowing age limit to 85
Nationwide is to raise the maximum age limit for its mortgages from 75 to 85, the highest of any major lender, in a change of policy that it says reflects Britain’s ageing population. The building society’s move leapfrogs Halifax, which last week raised it's age limit to 80. Many older borrowers have struggled to obtain…
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Worried first time buyer
We have submitted our full application in the middle of April but still no answer . Very frustrated at the moment, as we have to move out on 27th of May and I realise now that it won't happen. Does anybody know what will happen if our tenancy runs out but we are still in our rented house for couple of weeks (of course…
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Natwest mortgage funds release - 5 or 7 days?
We're exchanging this morning and solicitor has mentioned completion date of 'one day next week' which will be discussed today. We're FTB and living with my parents everything packed and ready in storage from when we moved in with them, vendor is an agency and house is empty, no chain whatsoever with anyone. They are very…
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Clearing debt before Mortgage appointment?
Hi all, long time lurker here and now need some of your brilliant advice We have recently sold our house and had an offer accepted on a larger property, old house is in partners name and mortgage for new one will be in both of ours. My credit isn't brilliant as have two credit cards at their max, partners is excellent, not…
