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Buying a house ?
Hi we are in the process of selling our house and buying another. The difference in price is about £20,000. Do we have to pay off the mortgage we have first then take out another mortgage for the new property please or can we just get £20,000 added on for the price of the next property. Thank you.
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Parent takes out mortgage 4 child. Wise move?
I want to buy a flat in Glasgow. However i'm unlikely to get a mortgage outright as i'm studying for a part-time PhD, and therefore not earning a lot. My father, who has savings, is willing to put up a 10% deposit and take the mortgage out in his name (he currently rents and does not own any other property). The plan is I…
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Already had mortgage offer but road is unadopted....with this impact anything?
Its with HSBC/First Direct - that is the only issue in terms of searches that was flagged. I presume if I have already had offer and valuation/surveys then there is no problem?
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Any advantage in not redeeming mortgage?
In this morning's post we received our Final Redemption Statement from Barclays. Years ago I seem to recall reading that it was a good idea to not actually redeem the mortgage and to leave a small amount outstanding. But I can't remember why? Perhaps something to do with the deeds to the property, which are now an obsolete…
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Remortgaging to Offset? Want to fund an extension
Hi All, My mortgage fixed term is ending in July and I can, due to an inheritance, pay the whole thing off without penalty. There's about £50k left on it and it's got 12 years left on the term. The thing is I am planning to do some house development that will cost about £50k, so the obvious thing to do is to remortgage for…
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First Time Buyer advice, please!
Hi all, a couple of questions for anyone who is in a position to answer; Our circumstances are, the girlfriend and I are looking to buy our first house together in Yorkshire, but I don't have the best credit history - I had a couple of defaults around March 2012. As it stands at the moment, we're looking to get a mortgage…
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Second charge mortgage question
I bought my property under the Right to Buy scheme two years ago. However, I would like to move to another part of the country for a work opportunity. I currently have just over 200k equity in my RTB property. I’m wondering if I can take out a second charge mortgage against the equity in my Right to Buy property. The…
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Can i help cousins mortgage problem?
Good Morning, First post and looking for any advice and guidance My cousin is a single mum and both she and teenage daughter have lived in their home for 10+ years. She hasn't worked for several years due to MS and has last month undergone cancer surgery, which she is still being treated. Her home is worth 90k and current…
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Mortgage amount and fees etc
Hello, I got an AIP from Natwest a month ago based on income and purchase price estimate of £475k. I've now had an offer accepted on a house for £450k. Mine was estimated to fetch 430/440 but got 421k so my question is whether I will be able to use the full amount offered initially, which would leave me some of my savings…
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Equity release
Hi, I'm after some advice. MY parents took £50k on an equity release scheme about two years ago and bought themselves a caravan which they enjoy using and have spent a lot of time there. Unfortunately my dad has been diagnosed with leukaemia and has 18 months left. My parents house is a 4 bedroom house and my son and I…
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Bank Of Ireland UK Mortgages
Hello Just wondering if anyone on here has any experience with the Bank of Ireland. Currently waiting for an offer following the property valuation and wondering if anyone had any experience on how long it took them? I've gone via a broker who at the minute don't seem to be telling me anything at all or giving me any…
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Solicitor has advised us that the seller has owned the property for < 6mnths
Hello, I am wondering if anyone can help me at all... My partner and I have had our mortgage agreed in principle. We have an offer accepted on a house, however the solicitor has advised us that the seller has not owned the property for 6 months. So our mortgage adviser has to contact our solicitor to discuss the matter.…
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How likely?
Hi there. Just after some advice on the best course of action. We need a mortgage but adverse credit, Me - earnings 24700, 2 defaults on file from 5 years ago due to drop off feb 2018. Experian score says very poor but I have had no problem securing HSBC credit card on 0% interest and other credit accounts - all accounts…
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House deemed uninhabitable
Hello I was wondering if anyone had any advice. We have an offer accepted on a property and have renegotiated the price substantially due to repairs needed for an unsafe roof. However, our mortgage lender refuse to make an offer until the roof is repaired as they deem the property uninhabitable. The vendors cannot pay for…
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Halifax mortgage application multiple credit footprint
My broker submitted a full mortgage application to Halifax, I subsequently downloaded a copy of my Experian credit report and it showed 5 searches from Halifax on the date of application. The first had a 'negative impact' presumably as it's was a hard search? Is there any reason for 5 searches or anything it might…
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IVA Mortgage
Any advice welcome, I took out an IVA in November 2009 and paid off in full in October 2012, however they not not complete it until December 2014. My credit is good now and recently was approved for a car loan. I am looking to get a mortgage and am hearing conflicting reports on whether this is possible or not. Any ideas?…
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Remortgage on benefits??
Hi, I was just wondering if anyone knows if I can remortgage whilst living on benefits? I know it sounds bad but I was thinking I cant get a credit card (already done the test on this site to see if I am eligible for one) but my credit rating is classed as good, although it does say I should get a credit card to make my…
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FTB - Mortgage Declined
Hi everyone, This is the first time posting on the forum so thank you in advance for all your help. Here is our situation: Background info Mortgage application is in my partners name online as I had to take out a DMP I am self employed Partner is employed We have 3 childen (6, 3 and 1) Living and (attempting) to buy in…
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Mortgage application worries- aldermore
Hi all Just after some advice, Application put in with aldermore on 7th April, all info required sent. Phone call from MA last Thursday to say that all looks good and apparently it will go to offer very quickly. Valuation instructed and another document needed so that was sent the same day. Valuation comoleted on Wednesday…
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Solicitors - Contract review after the searches
Hello guys! We are FTB buying a no-chain property. Basically I have this very unsettling feeling with respect to the solicitors we have appointed and since the day 1. There have been two strikes already where in they have committed something and failed to do so presenting us with some excuse. Vendors contract has been with…
