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Mortgage Transfer and New Property as part of Separation
Ok so the short story is this: Bought current home 7 years ago solely in my name. Live with partner and children but we are now going our separate ways. Plan is for them to remain in the home while I purchase a "fixeruper" Issue is she doesn't earn enough to be able to take on the mortgage solely in her name. So the…
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Inlaws & Early Inheritance Question
Advice Hello I wonder if you can advise. Me and my wife of have been together for 10 years and legally married for 5. We are struggling to get on the property ladder we have 3 young children. My father in law has agreed to release £100000 of my wife's inheritance to her now so she can use it with we me to get a home,…
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Solicitor Issues
Hi all Our recent house move unfortunately was one big stress, mostly down to the terrible solicitors that were recommended! They left everything to the last minute, lost paperwork, made me do most of the chasing, messed up the stamp duty and kept money of mine for some time that I felt they did not have to. Anyway, I…
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Would this be considered "debt"? Will this affect mortgage application?
Hi all, My wife and I are in the process of applying for a 90% LTV mortgage with Santander. We are both self-employed and have a joint income of £42k per year (32 me/10 her). We have not yet made the full application but we received the DIP yesterday and our offer for a property has been accepted. The mortgage advisor (who…
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Remortgaging while unemployed
Hello, this is my first post on the forum and the issue in question is the reason I joined in the first place... but now that I'm registered I expect to contribute more :) I bought a house nearly 2 years ago. At the time I was in full-time employment. At some point I stopped working. Now I have lodgers in the house, which…
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Pensioner downsizing - buy before sell
My Mum is intending to downsize. She is 76 years old, lives in the Highlands of Scotland, income of about 11-12k (pensions, inc state pension), current house value around 250k (no mortgage) and looking to buy for around 175k. Some further money might become available soon (a few 10k's), which could potentially be used for…
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Remortgage question
Hello! Our current mortgage runs out at the end of November. Our house is currently on the market but the market seems to be flattening out. We decided that if it's not sold by the end of Oct we would take it off the market and try again in the spring. We would like to remortgage now to get a better deal as the SVR with…
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Remortgaged with Accord, First payment question!
Hi All I hope you are all well? We've just remortgaged with Accord and are due to complete on the 11th Ocotber, but as we have not yet been put onto their systems they cannot advise what our first payment will be (we're unsure as we will only have been with Accord for 19 days on our first payment date). Are there any among…
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Mortgage Application Rejected - What Next ?
Hi, Looking for some advice. Recently went to obtain a mortgage for a property I found - £150,000. First time going through the process. Looking to do 10% deposit over 15 years. This is a single person mortgage. Credit score is around the 850 mark. I work full time earning approx £60k a year (not including bonus and…
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Independent Mortgage Broker
Hi everyone, I hope you can help me. My wife and I were declared bankrupt in January 2010 and discharged on 19th October 2010. It is now approaching our 6 year post discharge date and we are looking at moving house. We did not have our house reposessed during the bankruptcy and purchased the beneficial interest from the…
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No SA302, no mortgage?
We are currently applying for a mortgage, with the following situation: Myself and my partner are co-owners (51/49%) of our limited company, that has been trading for 3.5 years. I am a director, my partner is not. We both take ~11k PAYE, with dividends on top. Our income is sufficient for the mortgage we want, but the…
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valuation for remortgage
Hi, We bought our 3 bed semi detached cottage in 2014 for £151k and it was a fairly rundown old cottage which had been empty for a year. The house is actually two cottages knocked into one to make a 3 bed. We have since done quite a bit of work to it including electrics and most of the rooms redecorated, although we do…
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Nationwide cashback query
Hi all, Just a quick question :) We are completed and now homeowners:D For anyone else who've used nationwide; How long did it take for the £500 cashback to come through? Thanks in advance :)
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Changing Payment Date
I'm due to change job at the beginning of January at which point my pay day will move from the 25th of the month to the last day of the month. As I currently pay my mortgage on the 26th I wanted to push this back to the 1st so that it would continue to be after pay day. I've phoned my mortgage company (Nationwide) and…
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Nationwide Switch and Fix Mid Deal
Just wondered if this is exactly what it looks like. I have a 5 year fix on one of my mortgages with Nationwide for 2.34% which doesn't end until 2021 as I only took it out in February. But on their website, they have a 5 year fix for 2.09%. Is there any reason why I can't switch and fix (for no fee)? I'm assuming that I…
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FTB in near future
Hope someone can give some advice or share their opinions on this. Husband and I are hoping to start viewing houses in around 6 months, which gives us time to sort credit rating out etc (both credit reports are fine, theyre not bad in any way, just want to give us as much time to look as attractive as possible to mortgages…
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Mortgage...Advise needed
Hi All, have been following along with everyone mortgage journey... I was wondering if anyone can offer some advise. My husband bought a house in 2002, for £62K approx, this property is now worth approx £112K with an outstanding mortgage of £42K, we lived in this property until we build a house in 2011. This house has been…
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first time buyer mortgage moving up north
good morning I'd like some advice, me and my family are desperate to buy our first home. we have been looking at getting house using the help to buy schemes. 5% deposit along with 20% equity loan from the government. as it is just myself working and having young 2 kids my wife is unable to work and only get offered up to a…
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House build funding options
Hi all, I have recently got planning to build a house onto my house which should cost £150k to build. I plan on building next Spring which coincides with the end of my 3 year fixed mortgage at the end of March of my current house. In the past 3 years my current house has gone from being £500k to £650 so some equity exists.…
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will 2 seperate mortgage applications hurt each others application
I spoke to London & Country and they found a mortgage . I have not applied yet as my own bank offered a slightly better deal. I submitted the documents they requested and a week later my bank has now asked for more info and apologized for not requesting the same last week. (its First direct and they are asking for info…
