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Remortgaging an unusual property
The house I live in is an industrial conversion and fairly unique in terms of style. I owe about 150k to the existing lender, and in a town where you can't even get a building plot/2 bed flat for that amount I never foresaw a 4 bed 250sqm passive house with a high spec internal fit having a problem, although there are…
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Mortgage after Trust Deed
My husband had a trust deed registered in July 2011 and was discharged in May 2016. I know 6 years after the registered date this will drop off his credit history and should improve our chances of getting a mortgage. Are there any lenders who we can get a mortgage with before July? Nationwide already declined us in…
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Return and receipt of notice of charge and notice of transfer
Good evening, I recently purchased a property and my solicitor lead me to believe I was due a £430 charge for: Notice of transfer and notice of charge for both freeholder and management company (125+125+90+90) I paid as they told my it was mandatory to register. As the amount seemed quite absurd I contacted the freeholder…
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How does it work ?
Hi All, Myself and my wife have been given 1st refusal on purchasing her grandmothers house when she passes on and also her mother has said we can have her 3rd share of the property as she doesn't need the money but not sure how this will work with mortgage application and deposit, i'm guessing we would only need a…
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Finding a mortgage broker
Hi We are hoping to move home later this year and have our eye on a new build. My question is, how do I go about finding the best mortgage broker - my husband is director of a limited company and works under CIS (it will be a sole application as I have been self employed less than a year so have no accounts). When I look…
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barclays
Hello, barclays is looking good for a morgage, but i dont bank with them, not looking for 2 years or so as saving a deposit, good idea to open a bank account with them or waste of time ?
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Equity release for a business purchase
I have a £60k mortgage on my property valued at £179k. I want to release £60k to buy a shop. We have been renting the shop for 6 years at £5k per year so feel it would be better to pay ourselves the rent and pay for the 'investment property' Can't find anyone who will give us a mortgage as the equity release money is for a…
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What to Do? Re-mortgage / End of Fixed Term
Hi All, My 2yr fixed term at 2.09% with Virgin Money comes to an end this July. I am wondering what the general consensus is with Fixed vs Tracker (Variable) mortgages in this current climate? with Brexit and everything else we surely cant expect interests rates to rise too much? I don't wish to fix any longer than 2 years…
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manage the finances during conveyancing process
I am in the beginning of conveyancing process after recently getting the mortgage offer. I have mainly used two accounts (current, cash ISA) in Lloyds Bank for show source of income evidences to bank and solicitors. I have another savings account in the same bank which is largely inactive. However will it cause any issue…
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remortgaging, potential change in circumstances
My 2 year fixed rate is coming to an end so I'm looking into remortgaging to increase payments decrease the term and decrease the interest rate. My circumstances are likely to change within the next 2 years - I'd like to think I'd be sharing a home with my partner in 2 years time, if that's the case the most likely…
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Circumstances to change- FTB
I'm a first time buyer with a good salary at present which I will have up until September. I am going to university in September and want to buy a house to live in once I'm there. I contacted a mortgage advisor today to see if I legally HAVE to declare this change in circumstance when applying for a mortgage (which I would…
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Urgent mortgage help
My partner and I are interested in a new build house but have been told by the estate agent that we may not be able to have a 90% mortage. I spoke to Halifax and they want a 20% deposit on new homes. Can anyone assist? We have made an offer on the property so urgent help is needed. we have 10% ready to go but 15-20% is a…
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Need help??
Bit of a strange one, can anyone help. 10 years ago I bought a house with my now ex boyfriend, we split up and a document was signed and returned to the mortgage company to remove my name, now as far as I can make out our mortgage was then sold to another company and my name remained unbeknown to myself at this point on…
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Home Insurance at what stage?
Home Insurance is an additional obligation in my mortgage offer letter by Halifax. It makes perfect sense that I have to insure the home from contract exchange date and its a common condition for most lenders if its not all. I have just started the conveyancing journey, not even started the searches. However in the most…
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Remortgage, can I do it?
Hello, I have a few questions regarding remortgaging, and I'm looking for some advice, I'm completely new to the subject and was just wondering on a few points. I have an opportunity to make an investment in something and was wondering if I could free up the said investment from my property. The investment required is…
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Releasing Equity (no current mortgage) Question
Hi All I am in the process of selling my main residence in Essex (valued £400k, mortgage £200k). I have just gone self-employed with earnings of £10k (was on £50k salary before). We are in the process of selling the house because we want to move areas. We are not ready to buy in the area that we want to move to as we want…
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Help to Buy - Equity Loan Repayment Schedule Calculator?
Good Morning All, I am awaiting a call for the release of a new build house. My Wife and I are going to enter into a mortgage with the additional Help to Buy Equity Loan. I have downloaded the Mortgage Schedule Calculator (forums.moneysavingexpert.com/showthread.php?t=1157173) to get a handle on effective payments,…
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Help to buy
Hi All, I am looking at an older house to buy with my partner. Can you do help to buy with this? We have a 5% deposit. I know they stopped mortgage guarantee in December. Bit unsure as to where we stand Thanks
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FTB - Looking some reassurance
Hello all. I'm really looking for a bit of reassurance that my mortgage will be accepted. I had been watching this wee house for a long time, and finally thought I would just go for it even though my finances are not yet as perfect as I would like. Situation: Buying my myself. Earn £24,144pa Offer accepted at £83,950 5%…
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Mortgage application and overdrafts
Hi, We are currently about to apply for a decision in principle on a property. Credits scores for both applicants is in the excellent range in Equifax. We have reduced credit card debt to below 50% of available limits and are building up a modest pot of savings over an above our 5% deposit to moving cover costs etc. We…
