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Mortgage protection insurance
Hi, We're first time home owners considering if we need to take outhe mortgage protection insurance. I wondered how many people actually take this out and if people can offer any advice and possible recommend providers? Is this here also income protection insurance, is this something slightly different? Any helpful…
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Mortgage application cancelled
I applied for a Nationwide remortgage in June and informed them in the initial application that I would be on holiday for the last two weeks of July. I had a decision in principle and it wasn't for a high risk mortgage. 10 year fix over 10 years, borrowing 1.5 times my annual salary, 22% LTV and my credit record is squeaky…
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Working Abroad Causing Issues
Good evening, Am am seeking some advice as a mortgage broker has come back to me today saying my 5 months working abroad have left me in a position where only 4 mortgage lenders will make me an offer. Apparently 5 months aboard made me a non-resident despite being a UK citizen and living here since birth. I cannot seem to…
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Bad timing re:NRAM & Landmark Mortgages
My mortgage was one of the package sold off to Cerberus in May and rebranded as Landmark Mortgages Limited in July. Now I see the remaining NRAM is cutting its SVR by 0.25% to 4.54%, while Landmark is not passing on the cut and its SVR is remaining at 4.79%. So much for our terms remaining the same, bad timing indeed. Both…
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shared ownership now or wait (an extra long time)!
So...we have an appointment this week with a local housing assosiation. The new build shared ownership we registered an interest in are ready to have reservation fees taken on them. There are only a few available. We have been saving and have enough deposit to buy a small 25% share + fees. Im just not sure if its the best…
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Equity Transfer Mare
Hello, I know my situation is by no means unique, but any suggestions would be much appreciated... I jointly own an house with my ex-partner of 5 years. We split up in 2013 and I subsequently moved out and she remained resident at the house. I paid contributions towards the mortgage up until mid-2015 until she met someone…
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2nd morgage tajen out without my consent help
Hi.. can anyone advise? Going through a divorce and have 2 small children. Want to keep the house but can not afford to mortgage alone. My ex took out a 2nd mortgage to cover HIS credit cards. If i didn't have to pay that 1 too I could afford to stay but of course it's in both our names. Any way I can make him pay for the…
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Credit check after Mortgage Offer
I had my mortgage offered in April and we are due to complete at the end of August. I was checking my credit report and that of my wife's and noticed that we were both credit checked 2 weeks ago. One of the checks was an "Administration Review" and one was a "Credit Checking Application". Should I be worried about these…
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Halifax mortgage and card - CRA not updated
Application for Halifax mortgage going in this week but a bit concerned as I paid a lump sum to Halifax credit card last week and not yet updated on CRA (Experian). As the credit card is with the same company as the mortgage application, will they be able to see the update balance on the card and use this rather than the…
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HSBC Mortgage denied, fees to be paid!!
Hi All.. Having passed the initial affordability checks and jumped through all the hoops for an HSBC fixed rate mortgage, their underwriters have decided I can't afford the (much cheaper) mortgage. I am contesting this at the moment, but if they stick to their decision, it looks like I will still have to pay all the high…
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Santander Mortgage Renewal letter
Hello, Its mortgage time for me once again, and yet I still am confused as ever as to what to do and search all over the forum for advice. My current deal with Santander finishes at the end of October. I got a letter from Santander stating that if I renew with them before the 22nd of August they will: "waive the early…
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Taking out a mortgage to pay back my parents.
In May (this year) my parents bought a house for £245k (in cash) which they placed in me and my wife's name (ie my wife and I are now the legal owners). The idea is for us to mortgage the property (if possible) and repay my parents £195k (which is ideally how much the mortgage will be for), keeping £50k as a gift from them…
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Financial Association Mortage Help!
I'm hoping someone can be impartial advise? We are beginning to look at houses but as my partner has not got the best credit rating and a default account with EE (for a measly £34), we decided I would go for the mortgage solely to make it easier and to ensure that I could get a mortgage with a decent interest rate (my…
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Name of mortgage - post divorce
Hi Everyone, Not sure where to post this. I separated from my ex in 2009 and divorced in 2012 but we had a joint mortgage. Is there anyway of getting my name off the mortgage deed/papers at all? I also declared bankruptcy in Feb 2013 if that matters. I make no contributions to the house. Thanks
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Santander final approval
Hi, We are due to exchange imminently on a repossessed shared ownership flat but our solicitors are waiting for Santander (who our mortgage is with) to give their final approval, now that all paperwork has been received and our file signed off for exchange. Our solicitors said that they usually expect a very swift…
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Buy to Let - House Sale taking so long, considering options
Hi, My house sale is taking so long now I really need to think about a buy to let mortgage. I have agreed a sale but the buyer lender and solicitors are really dragging their feet. My question is, can I apply for a buy to let mortgage on my house that has a mortgage application on with the buyer so I can release some cash?…
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Anyone nervously waiting???
We had our valuation done on Friday, waiting to hear how that went and if we get an offer !! Anyone else in the same boat?
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Delaying paying mortgage fee
Hi, I've done a quick search but not found the answer to this. We are applying for an HSBC mortgage, 5 year fix. The fee of £750 is now payable to secure the deal. Meanwhile we've been asked for rafts of paperwork to help them make a decision (although the online portal shows decision obtained... I am guessing that the…
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Husband wants to remortgage out home to buy another property.
Hi We currently have approx £30,000 left on our mortgage, current house value £250,000 approx. My husband wants to remortgage our home so he can buy another property and let it out!!!! I'm very nervous about this, I would rather pay our mortgage off as quickly as possible and have the security of always having a roof over…
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Am I calculating affordability correctly?
So 32k is my salary, I get 2k bonus. I understand lenders only take 50% of that into account. The last column is 35% of my monthly salary with and without bonus. According to that, this is what I can afford. I think. I know there isn't 4xannual salary anymore, so lenders apparently require your mortgage payment to be <=…
