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Lenders that use 1 year's accounts for SE AND offer 95% LTV mortgages
Hi guys, A bit of a tricky one and I've got my mortgage broker looking into this as well. Which lenders if any are willing to: 1) Use last year's accounts (me and wife are both self-employed) rather than a 2-3 year average; and 2) Offer 95% LTV mortgages; and 3) Would offer a multiplier of 4-4.5 For background: - We both…
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conveyancing solicitors
Can anyone recommend a good conveyancing solicitor? Should we avoid online options? They seem to range from £700 to about £2,500 but I can't work out if you get more if you pay more or if they are just more expensive? Please tell me who you used and if you would recommend them to a friend! Thanks!! :beer:
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Mortgage refused-help!
Hubby and I have just started the house buying/mortgage process for the first time, we checked our credit rating before starting and that was excellent so we went ahead and put an offer on a property which was quickly accepted. We submitted our mortgage application (and all seemed well) but then the mortgage company valued…
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The new norm, two interviews for a mortgage application
Hello, Just applied today for a mortgage, well we already have a mortgage and just porting ours to a new house and just getting a very small axtra amount on top of our existing mortgage. Didn't have to give them much info and just needed to give them a few payslips for me and my wife. They didn't look at anything else…
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Repossession question
If a mortgage is registered against a property after matrimonial home rights have been registered, what happens to the home rights once the property has been repossessed?
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self employed and mortgage
I am having problems getting my head round a few issues with my wife being self employed. This a overview of her accounts: WORK DONE £82852 LESS EXPENSES Sub contractors £35335 Admin wages £1236 Motor running and travelling expenses (Business proportion)£1428 Printing, postage and stationery £712 Telephone (Business…
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New build mortgage nationwide
Hello, I'm buying a new build, the final inspection from the NHBC is next Wednesday, the developer said once he has the certificate we can be issued the notice to complete and that it could be either late that day or next... He suggested I ask my solicitor to request the funds in readiness. I spoke to the solicitor and she…
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Mortgage Adviser or source myself?
Just looking for a little guidance, looked on the "Martin Thread opinion on brokers" but its a bit out dated and I've realized how quickly the mortgage world changes. I've just got back from a meeting with an Independent financial adviser, one my boss actually used on his property(s), from first glance looks promising…
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Lease extension issue?
Hi all, I'm buying a flat with share of freehold. The lease was under 70 years so when I made the offer, I said that the offer also includes a lease extension. Vendor was fine, he sorted it his end, but was advised not to register it with land registry until completion. I made my solicitor and mortgage provider aware of…
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New house
Guys please need some advice. I`ve placed an offer for 450 and its got accepted. And the solicitor process is still on going. The thing the owners purchased this house @290k in 2013 , but Zoopla says the house is valued at £393k. But, what i find unsettling is the fact that i am paying 57k more than !!! Is that real and…
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Changing jobs?
Iv had a mortgage offer but not completing untill december? Im after a new job as mine is driving me up the wall but should i wait until iv moved in or could i look now?
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Switching to the new deal
Hi, the fixed rate for my mortgage is coming to an end in few months time. Santander will offer me to switch to a new deal. Currently the rate is 1.84% for LTV of less than 75%. I'm not sure if they will offer me 1.84% straight away but do you think they will be able to match their online rate to keep my mortgage with them?
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Share of Freehold Issues
I original made this post https://forums.moneysavingexpert.com/discussion/5526817 But it looks like I posted to the wrong board so am starting a new thread here. Basically I'm trying to buy a share of freehold in London, one up one down and my lender is Nationwide. My solicitor said from looking at the CML handbook it…
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Redemption of mortgage through gift
Hi Question of IHT/CGT and gift of mortgage redemption.. My widowed father is addressing some of his finances, and wishes to pay of the balance of my mortgage from some of his investments, my question is; Paying off the £150K mortgage balance would potentially effect a £60K IHT bill (his total estate including property…
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100% Mortgages
Questions are: do they exist? If so, where? Thanks :)
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Defaults and mortgage application
Hi everyone, First time posting so please bear with me. I am hoping to apply for and get a joint mortgage with my now wife. I had a number of defaults many years ago which have now disappeared from my credit file but I am still paying for via a debt management plan. When I come to speak with a broker what level of detail…
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Mortgage Application Statements
Hello all, appreciate its late which is why I can't ask my broker, but hoping to be able to do something tonight if I can get an answer here. As part of our mortgage application, our broker has asked for three months of full statements for all accounts my partner and i have. However, for our HTB ISA and savings accounts…
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Joint mortgage problam
Hi please can anyone help, 25 years ago I bought a house with my husband and it was in joint names. 15 years ago I moved out with the kids. Now the mortgage period has ended. Am I still entitled to equity from the house even though I have not contributed to it for 15 years? Thanks Mayx
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Any suggestions on releasing equity from house?
Hi all! I had my house valued a couple of weeks ago by three estate agents and was told it was worth £1.2 million for a quick sale or £1.3 if I wasn't in a hurry. This gives me over £1.1 equity. I don't particularly want to move as it's been the family home for 40 years, so is there a way I can use some of that equity…
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Getting ready for end of a 2 year fix
Hi All, My wife and I signed a 3.99% 2 year fix with the Woolwich (Barclays) for our first flat. It is still actually one year until the end of the fixed term, but I want to set us up to benefit from a better rate after the fix ends. (I'm conscious this may not be the best rate in the market, even for first time buyers) ~…
