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Should my dad lend me £10k so that I can afford a house
Hi, I am about 10k short of buying a house in the area I want to live in, and I am wondering how viable it would be for my dad to take out a 10k loan with M&S to lend to me, I would effectively cover the payments. It looks affordable and at 3.3% the total interest over 48 months would be £600 which isn't horrible if it…
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Mortgage Brokers
Hi all, I'm hoping to be a first time buyer soon. I've got a (likely silly) question about mortgage brokers. I think I'm going to need to use one as I am fairly clueless about mortgages and the whole process. Due to a sudden change in circumstances I am also on what may be considered to be a tight schedule (2 months) so…
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Remortgage delimma
Hello My wife has recently left her job (mid July) and is currently seeking employment .Her fixed term repayment mortgage on her property has come to an end . We would like to rent her property out in the next 4-6 months. What are our options in terms of getting a remortgage if my wife is currently unemployed. The mortgage…
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Halifax AIP mortgage
Just given info to FA who is applying for AIP from Halifax to buy from family. What type of info do they look at at this stage and what type of credit check do they do? Forgot to tell FA about credit card with some debt £950 and don't want to get in to trouble!!! Oops! Will oh disclose once we hear back. Credit score is…
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Interest Only ?
Hoping someone can help me out with some much needed advice. I currently have a outstanding mortgage of £93,000. I've had this mortgage for 16yrs & have always been up to date on monthly payments. The current value of my house is around £220/230,000 so there is good equity in it. A few months a go I was made redundant, no…
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Preparation for a mortgage
Hi all. Will be looking to apply for a mortgage during the latter first half of next year so wanted to start prepping for it (my partner is totally debt free with good savings and equity, has only one card and a flawless payment history on this card, her mortgage, mobile and TV contracts etc). I have the below questions :…
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Santander mortgage offer waiting time ?
I received a phone call from my broker on Friday morning to say the full mortgage application with Santander had been approved. I was under the impression they would send the offer out in the post the same day..? I have just received a text from Santander to say the mortgage offer is being sent to me. The first contact I…
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Question on completion (remortgage)
First time remortgager here. My current fixed deal will come to an end on 31 August. I’ve already arranged a remortgage with a new lender and have returned the signed mortgage deed form. However, I am not sure how completion work. Can my solicitor complete for me before 31 August or can they only complete on 31 August (or…
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HELP ON- Taking On My Dads Mortgage
BACKGROUND; So basically the house is currently worth about £450k and we've lived here for just over 22yrs. With about £90k left to pay my dad is recently out of work and knows I want the house, he wants me to take on the mortgage officially. He and my mum will continue to pay all the household bills, so I'll have no…
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Help to buy new build- exchange contracts 9 months before completion
Hi, Myself and my partner are trying to purchase our first home using the help to buy London equity scheme. The Bellway property is £350,000 and we have saved £20,000 and will using the 40% equity loan from the government. We both have stable jobs and earn enough to afford mortgage payments. We have also been approved for…
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help please
Hi I bought a house with my ex partner over 8 year ago-we have now been split up for the last 2 years. in these 2 years I have been paying the mortgage and house insurance and my new partner who now lives in the property pays all household bills. things have gone bad with my ex now she is demanding rent off my partner…
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Applying for a Mortgage
Hi all!! Currently going through the mortgage process for buying our first home. We've done the help to buy scheme end so far everything has gone well, we've not had much to do since handing over all our documents. We found out this morning that our valuation is being done on Friday. Is it safe to say that everything must…
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Mortgage Advice Please!
Recently looked into getting a mortgage, ran a credit report and come up as very poor. This is due to one utility account, final bill left unpaid (£70) for over 6 months. On leaving tenancy the company in question agreed I was not responsible for the bill and it lay with the other tenant. Long story short, they've screwed…
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Removing Mum when I remortgage
Hi, I'm looking for some advice. When I bought my property initially, I had to add my mother as a joint applicant in order to have my mortgage application accepted. At the time I was on a much lower salary and she was in full time employment, so it worked. She never actually had to pay any instalments all payments are made…
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Adding partner to mortgage
I'd like to add my partner to the my mortgage, so she has joint ownership of the house. She has a poor credit rating, due to never having used credit and being self-employed for a while. Is it possible to give her an equal share in the ownership without making her responsible financially (to save the credit checks making…
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Second charges - query on lenders
Hi all Mortgage newbie here. First time buyer. I'm acquiring a property. The plan is for the purchase to be funded as follows: Cash deposit (personal savings): 20% Loan from family member to me: 60% Mortgage: 20% The loan from a family member will have a second charge over the property. I understand First Direct will not…
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Getting a second mortgage
So we recently bought our first starter home back in November, for £237k in Oxford, and house prices have shot up and houses in are street are now going for between £265 and £270k. A relative was telling us about getting another mortgage ( a buy to let one)on perhaps a flat or something with the equity we will have in our…
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Mortgage booking fee
My current mortgage deal expires on the 31st September. I have already applied for a new mortgage with the same lender at a reduced rate of 0.99% due to start on 1st October. This new mortgage has a booking fee of £1499, which i asked to be added to the mortgage. I logged on to my current mortgage this morning only to find…
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Agreed Overdraft and Joint Mortgage
Hi Guys, New to the forums here so go easy on me! So me and my better half are in the process of looking for our 1st house together and are about to look into getting a mortgage agreed which is very exciting. Ever since I've been a student I've had an agreed overdraft and I dip into it pretty much every month. It's agreed…
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Joint Policy payout to one party?
I have a joint endowment policy with my ex-husband. It matured in November 2015 and I have been fighting with the insurance company to get them to pay the whole value to me - they will only give me half. I have no idea where my ex is (even if he is alive ) and not in touch with anyone who knows him. Didn't assign the…
