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Set up a company to purchase a house as an investment?
I think I have a fairly tricky / complex set of circumstances and have an idea for investing a small amount of money in property but have no idea if this is viable. Would appreciate anyones input on this. Many thanks in advance. My circumstances: currently non resident for tax purposes. Currently own 2 properties in…
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Let to Buy an Option?
Hi All, I currently own my house outright and it is valued at approximately £115 thousand. I have approximately £110 thousand cash saved (small inheritance, ISA and savings). I would like to take out a 'Let to Buy' mortgage of approximately £75-£80 thousand to buy another house, valued approximately £190 thousand. Can I…
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Small lump sum into a remortgage
Hi I'm just filling in my forms to remortgage, moving my mortgage to another bank. I've saved £6000 additional which I'd like to pay to reduce the mortgage and the rate I've been offered is for a mortgage £6000 less that what is on the outstanding balance, so I need to pay it. Do I pay the £6000 off my current mortgage…
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Mortgage provider obligation to make you aware of a better product
Basic question. Is a Mortgage provider obliged to make you aware of a better product they provide than the one you initially approach them to apply for. A friend at work has remortgaged with Virgin money in the last year and his LTV had improved such that it appears that he was at the time actually eligible for a better…
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Lloyds credit rating
Hi all, newbie here just wondering if anyone can provide some information / reassurance. My partner and I, both FTBs, have submitted a mortgage application to Lloyds and it has been referred to the underwriters before they will carry out the valuation. The MA indicated this is because my partner scored an 'A2' on their…
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Leeds Building Society
Hi there Just wondered if Leeds sends anything out or makes contact to say that they have received the signed mortgage offer? Sent back last week and there has been no word from them. Will the solicitor just deal with them now and advise them of date of entry etc?
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Lenders that include DLA as income
Hi, Can someone help please. I am after getting a mortgage in the near future and to stand a better chance of getting a higher mortgage. I was wondering if anyone knows any of the main lenders that include Disability Living Allowance as an income during the mortgage process. This could increase my mortgage by quite a bit.…
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Does anyone know who does the surveys for.....
Leeds BS, Halifax and Natwest? We bought a new build in 2015 and its remortgage time. We were going to go with Nationwide but they downvalued the build by 10k so the broker went with Leeds and they valued it at full amount. I was just talking to the sales lady and she was telling me 2 houses have just sold and came back at…
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Mortgage in principle Info
Hello, Hopefully someone can give me some information...I applied for a mortgage in principle with nationwide with a financial advisor and it wasn't accepted. I then managed to ge the next one accepted with TSB. I have noticed my credit score dropped from 908 to 835 and don't know why as I have no debt and paid off 300 on…
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Credit check before finally payment
So finally got the offer from Precise. Now the house isn't compete for around 10weeks. Will they do another credit search before or do they do bankruptcy? Thanks in advance
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Worth paying the mortgage fee?
Hi So we are due to remortgage for the first time since buying our house, currently on a 5% deal due to 95% help to buy. Virgin Money seem to be doing good deals, the cheapest 2 year option with the £995 fee would bring our mortgage down £380 a month! Anyway, the different between the 2 year fixed with a fee is £39 a month…
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Precise Mortgages bank statements
Hi we have recently had a htb aip from precise and fell into tier 1. Now when we come to full app I know they will be looking at three months bank statements with a fine tooth comb. Now obviously at the moment these statements will cover the dreaded Christmas splurge and oh was a bit reckless and went over his o/d limit…
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Newbuild mortgage offer will expire before completion - any tips?
Hi, My husband and I are in the very early stages of purchasing a new build through Taylor Wimpey. We are due to officially sign our reservation paperwork in a couple of weeks and then will meet with mortgage advisor and do all of the applications a few days after. Although we are being told we need to exchange within 28…
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bought a house as freehold but now told its leasehold, 18 years later!
Myself and ex-partner bought a house in 1999 which was advertised as freehold, went through the solicitor as freehold, says on the mortgage paperwork it's freehold, and had no one chasing us for ground rent. Now we want to sell the house we've been told it's leasehold but I'm adamant it's freehold. We bought the house from…
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Precise mortgage offer
Hi, We have a BTL mortgage offer from Precise for 175k. My brother would like to buy my property which we let out. Due to this I would:-* My mortgage offer to be reduced to 110k * I was previously on 5 yars fixed term. This to be reduced to 2 years fixed term. Interest is lower but abit high product fee. This has now been…
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Early Redemption Payment
Hi there, I wonder if anyone could help myself and my husband. We had a mortgage with Santander which we had renewed but a year in we had to move due to losing my dad and my mum having her leg amputated and moving in with us so we needed a bigger house to accommodate us all. we put an offer in on a house in July and moved…
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Halifax mortgage illustration sudden change
Hi everyone! This time last week we had sold our house and an offer had been accepted on our new house. everything was going smoothly and all was well. Our initial offer from halifax was for a property up to £200k but we bought one for just over £180k This week our mortgage adviser has put our details through to Halifax to…
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Deceased Fathers mortgage
This is a really complicated thread so I will explain as best as I can. My dad passed away in 2011 due to stomach cancer. He had taken out a mortgage on our house years before and remortgaged so the total left was 118,000. It is an interest only mortgage therefore in four years time the interest is paid and the amount…
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Mortgage Jargon
Hi there, We're in the process of switching our mortgage deal (nationwide) from BMR to a 5 year fixed and have been asked to write to Nationwide admin centre to ' Capitalise our mortgage overpayments' in order for them to reduce our term. Can anyone explain in layman terms what this means? We've been overpaying for the…
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Maths magician required.
Hi everyone. I would like some help please. I have a mortgage I would like to pay off asap so I can have no debts. The mortgage is my only debt. I have a lump sum I can pay towards the mortgage but will be charged for doing so. I have the option of buying shares in my company risk free at a 20% discount for 3 years…
