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Anyone Remortgaged with Santander?
We currently have a 2 year fixed with Santander that comes to an end in April. We can look around for a new offer from January. My question is ~ do you need to provide payslips when you remortgage with Santander? I'm asking because my income has dropped significantly since we got the mortgage. This drop actually happened 3…
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2 mortgages required.. (Residential and Buy To Let)
Hello, Were looking to have both mortgages by the same provider. Happyily LTV is 60% (Residential) and 75% (BTL). Currently struggling to find someone who can do both mortgages at the same time. Current provider is Halifax and on the SVR which is £100 a month more. We dont want different mortgage lenders affecting the…
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Shared Ownership - 2 Questions
Hey! 2 questions: * Can I rent out the second room of a shared ownership house/flat? * Can you give me any feedback on my thoughts below? Good idea, bad idea, etc. My situation is as follows:: * Salary of £26,500 * Debt free * Approx £8,000 in savings * Single * No Children * Living with parents, paying next to nothing in…
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Acting as Guarantor
Hello It's my first post here but wondering if anyone can help and advise please?. Our 21 year old daughter has saved £23k as her deposit for her first home. She has a good secure job and been with her present employer for the past 2 years. Her basic salary is £23k but with overtime and bonuses etc, can be as much as £26k…
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Remortgage and Credit Card?
Hi, So I am coming to the end of my 5 year fixed period at the end of the year. I am in a good position I believe as I have a good credit report, always paid the mortgage for 5 years no problem and the house has gone up by 100k so I am at a rough ltv of 50%. So I am hoping I will get a good deal. But I would like to do…
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Mortgage vs Childcare costs
Hi guys, I was wondering whether anyone could help. Are there any lenders out there that does not take into account childcare fees when you apply for a mortgage ? Our childcare fees are 900£ a month and this severely affects what we can actually borrow. We will only have those fees for a few more months before our daughter…
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Lower rate, higher monthly payment
Hello My mortgage was taken over by landmark mortgages this year from NRAM. I have just had a letter saying the rate has dropped from 4.79% to 4.64%but my monthly payment has gone up by £95! The small print says this may happen in certain circumstances such as missed payments. I have arrears which are being paid off in…
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Which type of mortgage...?
My mum is single and retired. She can no longer afford to stay in her current house. She has asked me to consider buying it. She would sell it to me at a good price and the money would enable her to stay in her home. When she passed away I could then keep or sell the house. My query is, if we went ahead with this idea,…
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Second charge / raising capital
Hi I purchased a house 15 months ago on a 2 year fixed term mortgage. Due to my credit history (two unsatisfied defaults from some time ago) at that I used Aldermore Mortgage. Since then, 1 default has disappeared (more than 6 years) and the other has been repaid and will disappear next June which is the same time as my…
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Mortgage Lender Has Reduced Rates After Exchange
Hi All, We are moving home and have remortgaged as we move with our current lender and have a deal in place and have exchanged contracts, we complete on Thursday 22nd Sept. Our lender has just reduced the rates of the product we've got with them but having spoken to them they told us that we could potentially get the…
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Mortgage application - not denied.... needs 'restructure'
Hola mis amigo's My broker is MIA today - but just a quickie for those of you in the know: My mortgage to TSB got turned around - specifically because they are not happy with the amount of incentives we are being given by the builder - does this mean that in theory, they are happy with everything else? I know answers will…
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Do banks offer significantly higher mortgages for longer terms?
I went through a mortgage broker and applied for a mortgage of 62k under a first time buyer shared equity scheme. Well the bank responded to my mortgage advisor today and apparently are only offering £48k despite getting an agreement in principle. Which means I have £14k left to find. However this was for a term of 15…
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AIP - Any lenders just soft check credit file?
Evening all, as per title, do any lenders just do a soft credit check for an AIP? Thanks in advance
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Applying for mortgage as a couple, one employed, one a student
Dear helpful people of MSE forums, My partner and I would like to know if, when applying for a mortgage, we would be allowed to borrow what we need. I am employed full time, and my partner can match this with what she receives by entitlements. We have a healthy 40% deposit to put down on the house we are interested in.…
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Buy-to-let (parents live there) advice
My second house is coming up for mortgage renewal. Currently I let my parents live there, just paying the interest on an interest-only "buy to let" mortgage (so well below market value). I don't even know if this is strictly permissable. Anyway, in the interests of doing things above board from now on, does anyone know of…
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Share of freehold remortgaging problems
Hi I am trying to remortgage my flat. It is a share of freehold with the owner of the downstairs property. As it is a converted Victorian terrace house, there are only two properties and having done research it was decided when we first took over the freehold that we wouldn't set up a company as most forums seemed to…
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Bank restricting my sale
Hi MSE Forum, I'd like your views/advice on the following. I have a 2nd property on an interest only mortgage which for the last 10 years I've rented out. Unfortunately the value of the property is now less than the mortgage, not by a lot, but negative equity none-the-less (circa 5k) I've decided to cut my losses and get…
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Change of Address before Mortgage
Hello all, We've just exchanged on our house sale, but after months of purchases falling through, we are moving in with family until we complete on a house of our own. We had got a mortgage offer in place, but now because the house fell through and the property we're hoping to buy is less but needs work, they wont lend us…
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Can I claim a refund on my mortgage protection payments
I received a letter at the beginning of August telling me that due to the reduction in interest rates, my mortgage protection payments (with Santander) would be reduced. I presume that this is because the amount they have to cover is lower. If this is the case, then why would this not have happened for each and every…
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Help Please!
Hi guys, I need some urgent help if possible, I'm looking to borrow more with my mortgage company as my property has earn't a fair bit in equity since I purchased it, this doesn't look a problem and it runs alongside my current mortgage. Anyway, my question is, when I apply would I be better off paying off my credit cards…
