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Employment status ...is a Permanent Contract more desirable
Hi, I am possibly going to sell and downsize to a smaller property this year which will require a relatively small mortgage, approx 70k with a large deposit (50k) I'm currently employed on a f/t permanent contract but have seen THE perfect job within my current organisation. Its more money but the only snag is that is…
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Overdrafts and mortgage applications
Hi we are hopefully putting our flat onto the market next week and want to buy a house. We have good credit and have a lot of equity in our flat. Our deposit is in our flat so will be used on completion of our sale. I have a credit card, my husband has a loan which will be getting paid off on completion. We have a joint…
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BTL Mortgage with friends/syndicate
Hi Within my close group of friends we have been discussing our own dreams ecah to own a 2nd property to rent out. Something small that will one day be part of our retirements.. Anyway I suggested how about a syndicate between us friends? Spread the risk / deposit / work etc We have been friends since early childhood for…
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Nationwide declined mortgage
Nationwide have declined my mortgage and will not give me a reason why. I went through a broker who selected nationwide as they had the best rates. The application was made and we were accepted for the mortgage after the credit check. Both mine and my partners credit is good. The broker then said the application had been…
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Should I port or get a new deal?
Hello, First of all, I really appreciate any help/advice you can give me here. I'm a Nationwide customer with a fixed mortgage (until Oct 2018) looking to move home (so borrow more). I'm considering porting my mortgage across but not sure if it's the best idea. If I don't port, I'll have to pay 2% of the remaining balance…
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BTL mortgage for low income
My sister has inherited our grandmother's house and wants to use it as a source of income. She's on low wages (about £10k), and lives with her husband. Their family home is in the husband's name and has a small mortgage on it. She would like to take some equity out of gran's house (about £20k on a £150k property to sort it…
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Mortgage needed to buy property from parent
I wonder whether anyone is able to advise if they have had this problem and know which banks/building societies will allow this... My brother wants to purchase my fathers property from him and my father will continue to live in it with him (They both live there now and will continue to do so - so the only difference is it…
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Do I need to tell solicitors/mortgage company about partner?
Hi. My partner's out of the country, and won't be back until after I exchange contracts on the house I'm buying (the mortgage is entirely in my name).. But he will probably, at some point, be joining me in the new house although it may not be full time as he has said he may stay down in Bristol for a bit until he can find…
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Mortgage without a property
Quick update- our retraction of the offer on the house became official today. My husband has 2 missed payments (5 months old which I didn't know about but that's not for this board) and we've been advised that they will hurt us and lenders will avoid. There's a legit reason they were missed and the cards are were paid off…
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Want to take over my dad's mortgage
Hi there. My dad still has a mortgage to pay, 80 grand left I believe. He is 73 years old, disabled, I am his carer. I live with him, my two children and my partner. he was paying it with my mum, who passed away two years ago. We called the mortgage company to see if I could be put on the mortgage but they saido it wasn't…
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Add spouse on title deed
Hi I bought a house and went through the application in just my name, now i am married and want to add her name too, she is not working at the moment. Would the bank let me do it, I am into a 5 year fixed mortgage with 1 year gone.
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Halifax mortgage help
I have recently had completion on my mortgage from Halifax and living in my house for a month now. When we applied for the mortgage a condition was that we clear our credit cards. We have had a lot of family issues and with moving and our family problems we forgot about this . We can clear the cards but my concerns are…
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Short Term Mortgage?
Hi All, I am in a slightly unusual situation so it seems right to ask the good people of MSE.com! My partner is currently at uni, finishing in September and therefore currently has no income. I work full time. We've found the perfect house for us, in a location that very rarely comes up for sale, and to top it all off our…
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CCJ/Mortgage problems
Hi, I'm new to this forum, so i don't know if im posting this in the right category or not... so basically, me and my partner have decided to try and become home owners, however upon doing a credit check online, I have a CCJ, the CCJ is dated from 2013 and has currently been in a dispute prior to getting the CCJ, obviously…
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how to fixed term mortgages work
Hello..Can you please clarify this uncertainty over mortgage payments please? Im looking at a 5 year fixed term at 2.99 percent but wish to make overpayment as and when I can afford to do but was wondering what is fixed, is it the percentage rate or the monthly payments? If I fix and make overpayments will my monthly…
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Remortgaging amount
We currently have an interest only mortgage from Jan 2008. Mortgage £295,000 Current value £435,000 We would like to access as much of the equity as possible to use as a deposit to buy another property. At this point it could be a UK property, or one in Australia. Could we remortgage for say £410,000 (LTV 95% - wishful i…
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Fixed or variable
I'm currently looking to take out a £100,000 mortgage to buy a property for £280,000 and am struggling to decide between a variable or fixed. I realise ultimately only I can make this decision, but it would be great to get a few opinions. Here are the options I'm currently looking at, both with Coventry. 1. Variable for…
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Increasing borrowing after mortgage approval
Hi all I have applied and been accepted for a mortgage of 220,000 on a purchase price of 270,000. The vendor has come back to me today and offered me an additional acre of land for £17,500. Can anyone explain to me how Santander will treat it? Would I be right in thinking that the existing offer will be cancelled and I'll…
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Mortgage for discharged bankrupts
Need help myself and my partner are both discharged bankrupts. I myself have been discharged for 3 years and my partner approximately 5 months my credit score still quite low but my finances have been settled within all timescales and never had any missed payments since beine discharged. We earn approximately £50K per…
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Coventry building society - Mortgage overpayment
Hi Looking for some advise from anyone with experience of Coventry building society or brokers dealing with them. I don't have a mortgage with them but am looking to get one with them as a remortgage. I am trying to understand how does the overpayment work. From their website: "If your mortgage is on our daily interest…
