-
Halifax mortgage process
Looking for some advice to get the ball rolling on our mortgage asap. We are currently using Countrywide as our consultant and they have recommended a lawyer who we have instructed to act on our behalf. We are receiving £23k from the LIFT scheme in Scotland towards our home purchase and we have a 5% deposit of the house…
-
Splitting equity query
Jut a general question, if, for example, couple buy house for £50,000, then borrow £25,000 additionally for doing the house up, holidays etc, so mortgage £75,000, if they came to separate and wife kept the house, would she have to take on all the debt and the equity only just split? so house worth £145000, less £75000,…
-
Is this good advice?
I am so confused it's unreal. Situation: Sold my house for 158k leaving me with approx 53k after fees to sell and mortgage repayment. Currently have a DMP with debts in my name and joint names amounting to 23k (wife has other small debts but in her name only). Repaying at 400 pm. Salary is 30k take home approx 1900 - 1950.…
-
Use savings instead of paying off mortgage?
Hi I hope someone can help. I have (almost) enough savings to pay off my mortgage at the end of its term in a couple of months. I was planning to take out a second mortgage for my son to buy a flat as he is self employed and doesn't yet have enough years accounts to get a mortgage of his own. My question is.....should I…
-
Extra Cash & Mortgage Calculation
Hi, There are two parts to this: 1) I'm about to finally close on my house next week (First time buyer, £210,000 house, £144,900 mortgage, rate 2.4%). It's been delayed so much that I've managed to save up some extra cash, and some spare has come in, and I now have an extra £20k around. Accounting for emergency fund,…
-
Halifax help to buy
We started a mortgage application with Halifax in November so we could take advantage of the help to buy scheme. We paid £1000 in fees and and £360 to begin the solicitors checks. As we began renting last August it made sense for us to open a joint account and so we opened one with Natwest. During our appointment with the…
-
Mortgage Advice Please re 10 Year Fix
Hi, looking for some advice about what to do next with our mortgage... We currently have three mortgages (original plus two further advances that we have taken out over the years) - Mortgage 1 - current balance £77,236.38 at 2.25% ends August 2036 Mortgage 2 - current balance £23,445.09 at 2.25% ends September 2036…
-
Negative equity survivor
Hi guys and thanks for taking time to read my problem, I am one of the silly people that got a 110% mortgage 10 years ago and as the property value went up we remortgage to cover credit cards etc (people kept telling us you never lose money on a house so we should remortgage to lower outgoings) anyway cue recession and…
-
Solicitor wants dads 6 months bank statements
Hi there My parents are gift depositing 20k. They signed a letter. My issue is they are now on the other side of the world with no internet and computer. They are old and cant access these things where they are. I cannot provide my solicitor with the bank statements. What do I do any suggestions please as my solicitor…
-
Endowment missold claim
Hi, I understand there was a window to claim for mis-sold endowment policies, however I have recently discovered a document that gaurentees that my endowment will clear my mortgage sum, is this still worth following up, and would I have any legal rights with this document? Thanks in advance Gary
-
Nationwide mortgage offer extension
Good morning members I have a mortgage offer from Nationwide expiring on 13th March, 2017. Rental notice and other complications mean that I am unable to complete by that date. Does Nationwide only extend the offer by only 14 days only or is there any other way of extending it by 3-4 weeks on top of 14 days? I called them…
-
Skipton and LIFT scheme
Myself and my partner have just received our passport letter for the LIFT scheme in Scotland. We have made an offer on a house and had it accepted at £74,000 (we were allowed a property of a maximum of £100,000 but we don't want to sting ourselves). The LIFT scheme have said they will pay just under £24,000 of this and we…
-
Partial Retention - advice please
Hi all, Our mortgage valuation survey arrived yesterday and states that, in its present condition, the house is worth exactly what we're paying for it. It also states that, with 'essential repairs/construction completed', the value would be £1000 more, and that a £1000 part retention is required. The specified 'repairs'…
-
Loan for deposit for mortgage?
I've been to see a mortgage broker today. I don't have much deposit, just 5k, but otherwise my salary and credit history is very good. He suggested that there were a couple of mortgage companies that are willing to accept a bank loan used to fund the deposit. With a 7k loan on top of my 5k savings, that would mean a 10%…
-
Halifax mortgage
Had dip for 125k Submitted full application based on myself been self employed contractor earning £33500 from a reference I have had sent in, my partner self employed earns around 7k profit We have no bad credit at all only issue is my score shows poor as I've had no credit for around 8 years We have a deposit of 85k on a…
-
Mortgage for Shared Ownership Property
My daughter and her partner are looking to apply for a shared ownership property on a 50/50 basis. It is a new property and is available for 100% staircasing. Can anyone advise any mortgage lenders that are familiar with shared ownership mortgages and will lend for them? Also as it is a 50% buy/rent, is it usual to have to…
-
What is the maximum allowed mortgage length?
I am embarking on taking out a mortgage for the very first time so i don't really know much about mortgages and how they normally work. I hear the maximum allowed mortgage length is 25 years? Is that right? Some people say 30 years? Can i take out a mortgage for say 40 years? 45 years? 60 years? Can i take out a mortgage…
-
Precise Mortgage application help
Hi All, I'm new to this thread but just want to see if anyone else has had this issue. Basically had a full application sent into precise middle of December 2016. Asked for more proof of addresses and current bank statements that's fine but when you send back details it goes to the back of the queue and you don't get an…
-
Married First Time Buyers-Sole Mortgage?
Having read quite a few threads on this subject but never finding a definitive answer i thought id share my predicament in the hope of a solution. Im a serving member of the armed forces and my wife and I have decided to uproot back to the north east from married quarters in Somerset. We have our deposit together and a…
-
Ready for mortgage but holidays?
Hi we are ready more or less twitch a 10% to apply for a mortgage for first time, both have one each of the govourment help to buy isa, we just getting bit extra in our saving for fees etc. We have a couple of holidays being a two week holiday in march and two week holiday in may, all payed. When would be best to apply…
