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Cashing in my Endowment
Hi, I have a £60,000 Endowment with a surrender value of £45,124.92. (with profits) It has been running for 19 years with only 6 years and 5 months remaining. The Endowment is on track at 4.5% with an estimated mature value of £69900. My mortgage has 7 years 5 months remaining with only £33,768 remaining to pay. Now that…
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SA302 - declaring self-employed earnings to mortgage lender
Hi all I am in the process of putting my first year of self employment into a tax return. The tax return will be used to produce form SA302 which will be used to support my first ever mortgage application. Am I right in thinking that I shouldn't try to minimise my tax liability on this return? Does it make a difference to…
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Santander and access indemnity policy help please
We are right at the end of the selling process. Buyer has had survey, got her mortgage approved, everything is ready. Last week our buyers solicitor raised the fact that our house is on a lane (which runs at right angles and behind an adopted road)for which there is no record of ownership. There are 11 houses on this lane,…
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Getting a mortgage - Partner has bad credit
Hi, My and my partner are looking to buying our first home. We spoke to a broker a few months ago who ran through an AIP which came back unsuccessful due to my partners credit score (a default from October/November 2015 which is now settled, and a couple of late payments at the end of last year). We then felt like he…
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PayOffByEndOfFixedRateDeal?
I am rubbish at twitter and have no idea if this message that I put on there got anywhere so I put it on here too. FixRateMogage-39paymntsLeftTillRate end. 142PaymntsLeftTotal. How2 WrkOutWhatLumpSumNeed2PayNowSoMogage endsWhnFixedRate ends? Ta Rate is 2.29% and I want to keep paying same monthly amount until fixed rate…
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Mortgage for 70 y / o?
I suspect this one is not doable. Hi all I used to be a regulated broker but not any longer. A relative aged 70 wants a like for like remortgage £150k on his main resi worth £1m. He has NO pension / investment income aside from small state pension. Therefore borrowing must be on basis of his continued working as a self…
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Increasing Mortgage
This is a quick question and I realise it may not be possible to do but I felt it was worth exploring the option. I have a buy to let property bought for £62,1000 and valued at £100,000. There is £39k left on the mortgage at a rate of 3.29%. My residential property is on a rate of 4.69% for a mortgage of 65,000. Could I…
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Can Anyone Add Debt To My Mortage Without Permission
Hi. I am having to pay £745 in late payment ground rent "fines" because I paid £500 and not £550. A shortfall of £50. That is another story however. This has happened before because I live in Guernsey and the ground rent dept won't send correspondence/invoices to an address in Guernsey. This is also another story. When…
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Broker or Direct bad credit cleared
Hi guys i had a defult which i paid and 6 years up and now clear, no problems on credit file except 2 late payments 5 years a go; i am looking for a mortgage of 200k with 250k deposit thus 44.4 ltv and bank with Barclays. I am not sure if i should go direct or via broker what would you do?
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PhD stipend lenders
Hello, I realise this has been asked before but the situation seems to be changing frequently. I am receiving a PhD stipend (£14,295 per annum tax-free), started October 2016, due to finish March 2020. My partner is employed on a full-term permanent contract, with a local authority that he has been working for since…
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AIP to Offer
Hi My friend has an offer on a house accepted and has an approved AIP from a Provider. The vendor he is buying from has yet to find a house. Should he proceed with his full application and start searches etc. or should he wait until the vendor has found a house of there own before asking for work to be done (I assume costa…
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Mortgage Offer Change
Hi - if someone could advise please. We have received our mortgage offer however we have since worked out that we can afford more each month and would like to change this to a shorter mortgage term , is this possible and if so is this a simple process?. Our broker said he will just contact the lender and request this .…
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Can you remove yourself from a mortgage?
Hi There, I wonder if you might all be able to help.... a slightly convoluted question, and one which I'm not sure I'm asking in the right forum so please do redirect me if so! My husband has been divorced from his ex-wife for over 8 years, but remains named on the mortgage of the previous family home. He gave her full…
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HSBC mortgage - Registering a company at the home address?
Has any one here who has a mortgage with HSBC, registered a business at their home address? If so, did you inform HSBC about this and have they willingly provided their consent. I ask because I recently read online that someone who approached Nationwide with a similar query was flatly refused permission to do so. Please…
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Bank waited to tell me they have a problem
Hi all Quick background: through an independent broker I've applied for a 90% LTV mortgage; I am putting in 5% and a loan from a friend is covering the other 5%. I'm not interested in opinions on whether this is a good idea or not please; we've gone over it every way imaginable and decided to proceed this way. I have been…
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Best option for parents loaning money towards deposit?
My partner and I have saved up around £10k towards a house deposit, and are aiming to save another £8k in the next 6-12 months. We're aiming to save up £28k, which would be a 15% deposit on a £185k property. My parents have offered to contribute £10k towards our deposit as a loan. Is it possible for us to place their loan…
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Can you claim stamp duty refund if your name comes off the mortgage/deeds?
Hi, I see you can claim a refund if your main residence is sold within 3 years. My girlfriend currently part owns a property in London but doesnt live in it. Her sister is the other owner and lives there. My girlfriend is going to be off the deeds and mortgage this time next year. If we purchase a house now at higher stamp…
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Pay day Loans
Hi first post and very ashamed. I have in the last year had some payday loans whilst being a student, I now know this was stupid and I honestly thought if I paid them back on time they wouldn't have an impact on anything. Any way I did a credit report though Experian and the pay day loans did not show up..... checked all…
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Affordability advice
Evening all, Just looking for some opinions and advice..... How much does the outstanding balance of credit commitments affect your affordability? We gave all our figures to the mortgage brokers who then passed them on to NatWest and we got a AIP from them for the loan amount that we needed. However now we are in the…
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Mortgage Co asking why Partners name is not on the mortgage? She is gifting
Hi I am setting up a mortgage currently with Bank of Ireland. The question has been asked why is my partner not being added to the mortgage? The question is aasked because she is gifting towards the deposit. The reason she is not on the mortgage is because she currently has another house in London and stamp duty would have…
