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My Girlfriend is moving in, should i notify my lender?
Hello all, As i have indicated in the subject line, my girlfriend is moving into my flat next month. Do i have to notify my lender? I believe that my girlfriend will have to sign a declaration stating that in case the house is repossessed, she will have to leave the house straight away. Is that correct? thanks and regards
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Legal Charge
I paid off my mortgage over 10 years ago, remently my lender sent me my deeds (after the said they woudl keep them) anyhow it turns out that when I paid my mortgage off, they kept the charge on the property, when challenged they said "It was just in case that you wanted to borrow more money".. I am fuming... What is the…
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Property ISA bonus
Hi, Myself and wife took out 2 Halifax property ISA's but she couldn't get on the mortgage due to a zero hour contract. as the whole deal is near completion my solicitor says I am the only one who can get the bonus as I'm on the mortgage. but the Government website states that you can claim Bonus If not on Mortgage but has…
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Query about income towards mortgage calculation
Hello. I will soon be applying for a mortgage as a first time buyer. I am married but only myself will be applying for the mortgage. My husband pays money into my bank account each month to cover his half of the bills and rent. Can this money be counted as other income when applying for a mortgage or is it purely my wage…
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First Time Mortgage - but renting out for first 12 months?
Hi all I currently rent, and I intend to buy my first home (In another location) and rent it out for <12 months until I would move in. From what I see BTL mortgages are a lot more expensive, and given I am considering a 5/10 yr fixed, I am reluctant to pay the extra 2% per month when it would only be rented on a temporary…
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Mis Sold Interest Only Mortgge?
My husband and I remortgaged to consolidate debts a few years ago. He found a broker, made the payments and kept all papers at his office. He passed away about three years later, and I have taken on the mortgage. I have now seen his company accounts and it is clear we never had the income to be able to manage such a large…
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Remortgage to release equity for refurbishment business
Hi, I am sure this has been covered on this forum before but I am hoping for some advice. I have a second property I own in London which i purchased 10 years ago for £260k which has recently been valued at £420k. I rent out the property for £1250pm. It is a 20 year interest only mortgage. I am hoping to start a new line of…
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Mortgage with new contract (newly qualified nurse)
Having a bit of a wobble so after some advice :) We've gone through a broker and have a decision in principle after having our offer accepted on a property. This is based upon my husband's full time salary and my future salary. I am just coming to the end of my nursing degree and have a post starting in September. I have a…
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Regular, varied overtime
Hi :) My boyfriend & I are looking to get a mortgage soon, we have most things sorted but not a mortgage adviser yet. I work for an IFA so can use our in-house mortgage adviser but she is on holiday at the moment so want to ask a quick question on here. My boyfriend's basic salary is just under £21k, but he works overtime…
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Can we remortgage anywhere?
Hello, my husband and I, both 51, have been enquiring about remortgaging one of our properties to buy a holiday home, however, even though we own two properties, both without mortgages, and only want to borrow 100k, we cannot find anyone who would lend to us, due to us having credit cards and are still paying for our…
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Getting a mortgage with slightly strange job circumstances?
Hello, I am looking for a bit of advice from mortgage brokers or others with experience. Would be very grateful if anyone can comment on these particular circumstances with regards to being able to get a mortgage. My situation is that I have a fairly unusual job where I tend to work e.g. 9 months on, 3 months off. When I…
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Confused over credit card payments
Hi all. First time buyer here. I completed an online application for a mortgage with Nationwide. I have a credit card of approx £2100 (0% interest). I declared this on the forms. A further section of the form asked me how much I would pay off before completion. I wrote £200. I'm close to exchange and completion now and my…
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Equity release mortgage advice needed
Hi, I'm 55 and have my own home,it's a 5 bed end of terrace worth around £150,000 and I owe £93,000 on the mortgage. I'm paying interest only payments on this of £300 a month because of my finances, the mortgage will be up in 10 years and I won't have the money to pay it off. I would like to release the equity in the…
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What to do next?
Hello, Me and my fiance have found our perfect home. We have gone through all the standard measures, we are up to the point now, where have paid the search fees to our solicitor only to get a call from our lender saying that something has created a "marker" its something to do with one or both of us having an issue with…
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AIP Referred to Underwriters
Hello all I'm really panicking that my AIP has been referred to underwriters. I am looking to move to a 160k house, putting down a 30k deposit. The 130k I wish to borrow is around 4 x my salary. I've been paying my existing mortgage for 9 years and 10 months to the same building society that I am applying to now, never a…
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House purchase when pregnant
Hi Just after a bit of advice really. Me and my husband applied for a mortgage in April. We made an appointment to see a mortgage advisor at our local bank. At the appointment were questioned about our finances and outgoings. We were also questioned about any dependants we have so we told the advisor we have one child. She…
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Moving forward
Hey all My partner has dreams of owning their own home. I have spoken to them about moneysavingexpert ways, which I have adopted, and they are making changes. If someone wants to own their own home but have been in their overdraft for over 10 years how long would they need to wait, i.e. if they were out of their overdraft,…
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First time buyer applying for mortgages.
Hi guys... I have had an offer accepted for a house with the potential to move in as soon as I can sort a mortgage. 5% deposit is ready, all fees are covered too. Good credit rating, with little existing debt. My earnings in the calculators I have used online, have all said I can potentially borrow over 20% more than what…
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Remortgage - Help To Buy - Advice?
Two years ago I applied for a mortgage through the help to buy scheme. The property was £196,000 and I had to put down a 5% (£10,000) deposit, while the government assisted with the other 20% (£40,000), which is 0% for another three years. My two year fixed deal is now coming to and end and I have an appointment on Tuesday…
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Mortgage ERC refund offer
I'v just sold my house and was porting my mortgage to a new property. I paid £3800 ERC as the sale wasn't going through straight away. The new property is next door to a hotel (commercial property) so the lender won't port my mortgage and have kept the £3800. After a few angry calls telling them it is themselves that want…
