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Mortgage declined - default on credit report
Hi guys, before I start I'd like to apologise for the long post. I'm new to this forum and have been reading through quite a few threads to find information but nothing quite fits with my situation so I thought I'd seek out a little advice. I currently live with my wife who has the mortgage for the property we live in…
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Frequent (but small amount) gambling tranactions. WIll this affect my mortgage app??
Hi all Sorry in advance for the wall of text! We are first time buyers who are looking to secure a £214, 000 loan against a house costing £254501 (gifted deposit). My partner earns £48200 a year and I earn £22000. We both have good credit scores. We are both regularly in arranged overdrafts but don't go over them. In the…
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Remortgage - got a completion date can anything go wrong?
Hi I am re mortgaging my flat to a buy to let and am 85% complete on the tracker, they have told me the figure thst will transfer to my bank next week on completion. Is there anything that can go wrong? I am having trouble at work and may lose my job, but as its a buy to let the rent will pay the mortgage so should I say…
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Mortgage Rate after Exchange
Quick question for any mortgage advisors on here... Once i've exchanged contracts, can the rate in my mortgage offer be changed by the lender? If they changed the rate of the product would I automatically switch to that rate or do they have to honour the rate in the offer? Thanks.
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Mortgage Calcualtor
Hi my name is Paul and I have tried to use the mortgage calculator to see how to pay my mortgage off earlier. I took out a capital and repayment mortgage in September 2015 until October 2027 with a five year fix at 2.790% until July 2020. My monthly payment is £1977.27 per month and I have been paying £1100 overpayment…
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Married and both own homes? Watch out for stamp duty when remortgaging
If you and your spouse/civil partner both owned property before getting together and are now remortgaging, watch out...Read the full story: 'Married and both own homes? Watch out for stamp duty when remortgaging' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all…
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cash out mortgage for UK property to buy in US
Hi there, This is quite a specific question and I couldn't find the answer elsewhere. I am a UK citizen living in the USA. I have a property bought out right with cash in the UK which I rent out. I would like to buy an apartment in the US and figured it may be a good time to do so (due to the unfortunate situation here).…
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Remortgage valuation HELP!
Renewing my mortgage deal/rate with current lender. I didn't agree with there valuation so asked for them to send out a surveyor the surveyor has come back with a lesser valuation. I do not agree with either of them. Help what do I do? Shall I just switch to a new lender?
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Santander Mortgage
Hi, I have a Santander repayment mortgage (30years term) which comes to the end of its fixed interest 2 year term in Jan 2017. A year ago I moved in with my boyfriend who has a mortgage on his house too. I paid him rent and rented out my own property. Santander were very good about this as I had to inform them. Now we are…
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New job after mortgage application?
Hi there, I'm in the process of buying a house, about to go to Halifax to get a mortgage. I am also in the process of looking for a new job. It's just dawned on me if I got a new job mid December and the house exchange/ completion is beginning of Jan can Halifax cancel the mortgage because I've changed jobs/ need to…
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90 LTV new build
Just looking for a list of lenders who offer 90ltv on new build house. I'm currently with Chelsea building society. Also do lenders allow part ex and 5% deposit contribution together? Thanks in advance
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Re-mortgage Advise Required - Large Unsecured Debt
Hi, i've been a longtime lurker on these boards and got much advise over the years but finally have a question as I have managed to get myself into abit of a hole with an upcoming remortgage... Current situation £53,000 wage (just me) with minimum outgoings i.e no dependents, company car, etc House Value - Approx £240,000…
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Mortgage offer post iva
Just received our final offer from Barclays only 11 months post IVA, thanks to using a good broker. We had a mortgage but wanted to move from nram/landmark to a 'stable ' setup with normal rates. Got a fixed deal approx 2.5%, 90%. So there is hope out there.
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Joint Borrower, Sole proprietor Mortgage help
I'm currently buying my first home with a joint borrower, sole proprietor mortgage, with myself on the deeds and my sister as the joint borrower. My sister already has her own mortgage that will need remortgaging in 5 years from now. However I have a question as to whether my sister would need to declare my property as a…
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How long from offer to completion
I'm just looking for some advice about how long it takes on average, after receiving an offer to completion. Especially at this time of year with Christmas looming. I'm guessing it is just how ever long our Solicitors take but would like to hear how long some have you have had to wait. Thanks :)
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Mortgage questions
Hi all I was advised by James @ National Debtline to speak to you good folk on this bit of the forum regarding a few questions on mortgages. Firstly a little background, i have been on a DMP with SC for almost 3 years now. Most of my accounts defaulted between Dec 13 and April 14 when i started DMP. Recently i recieved a…
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Private shared ownership?
hi, i wondered if anyone could advise or point me in the right direction. sorry if there has already been a thread made but i have had a look and cant find anything to help. the situation is: i currently rent at my inlaws owned property. the property is 100% owned and paid by them. i love the house but would never be able…
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Unfair mortgage fee's ??
Hi, The worst financial decision I ever made was taking out a consolidation loan to pay off cards etc around 2005 secured on house (I know, I know) ! The lender refers to the loan as a mortgage. (£18,000) I think the loan was with GE money and then was sold recently to Elderbridge. In 2012 I missed 1 payment and fell 1…
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Remortgaging
I had a discussion with a friend the other day regarding her worrying about a remortgage. It's suddenly occurred to me that people on here may be able to offer some advise . Basically her situation: - Has been employed full time for the past 6 months and passed probation period at her new work. Previous to this employment…
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Stamp duty and concessionary purchase.
Yesterday we a formal mortgage offer from Nationwide. We are purchasing my parents property which has been valued at £350,000. The purchase price is £160,000. Am I right in thinking that we will pay stamp duty on the value and not the purchase price?
