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Purchase fell through at sellers fault
Hi I am currently in the process of buying a shared ownership property through a housing association, we had our offer accepted almost 6 months ago! When we accepted the offer we were made aware that the house purchase may take a month longer than usual due to extra paper work for shared ownership but only in conversation.…
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Mortgage in Principle Halifax
Hello! I've been reading about a few of these but they were dated 2013. So a few questions really.. We are hoping to buy a house, our offer was accepted for 111,500 It's just my fiance who is on the mortgage and not myself. We had the 10% deposit so only borrowing 100,000 Halifax said if we managed to get a 15% deposit and…
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Closing a recently opened, unused savings account
As per the title, is closing a BS savings account, which has never been used, likely to affect credit records/rating if you are about to apply for a new mortgage. Thanks in advance.
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Mortgage Application and Sickness
My partner has had a reoccurring injury since last year. We finally have our full application on Saturday after having our DIP accepted last month. However, he is now off work again as he may require an operation. We have all the necessary wage slips they require. Should we mention anything or will we be ok to carry on as…
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First Time Buyers, fees and sources...
Hello all, I've signed up to this to hopefully put my mind to rest and stop the restless nights I am having worrying about buying my first home.:( A little background, I earn around 50k a year and have no dependents, I have a mortgage (in principle) of around 170k and should have the entire deposit in hand by exchange of…
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Mortgage and reduced income
Hi all, Our mortgage is in my wife's name however, she isn't currently working at the moment and is currently on Maternity Allowance. She may or may not return to work she doesn't have to as I earn enough but my credit file is such that I can't be added to the mortgage yet. Q, should we inform the lender? If yes are there…
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Advice re separation and transfer of property
Hi, my partner and I are separating. We're not married and our home is owned and mortgaged in his sole name (due to a low rate mortgage on his previous property ported to the property and my ownership of another property at the time of the purchase, since sold). We are trying to resolve things amicably as we have two…
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Releasing Money from a Mortgage.
Hi All, Originally posted on the incorrect forum. A friend of mine has a house valued around 100k for which he paid £80k. At present he has around £40k left on a mortgage of 3.29%. He wants to increase his mortgage to around £55k and use £9k of the additional mortgage to pay off a loan for which he is paying 9% interest…
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Mortgage for an agency worker on low income?
Hello, I'm currently an agency worker, earning £7.80 per hour full time, and I'm wandering if it would be possible for me to get a mortgage for a cheap property in Leeds? Properties occasionally pop up for £30-50K in certain areas of Leeds (1 bed flats, 1 bed terrace back-to-backs etc), and these are the types of…
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How much to move/change mortgage?
I am very much in favour of a long term fixed mortgage, but unsure about how much it costs to undo the fix. Just looking, and its £100 to change to buy to let, Mortgage exit fee = £125 plus interest.I assume that the interest charges are punitive?I hope to be sending my mortgage application to Coventry BS in a few days, 10…
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claiming statutory interest on mortgage over payment refund?
I'm not sure if this is the best place to post this but here goes. In Feb this year I completed on my new mortgage. My old mortgage with Halifax was settled as part of the new mortgage process, a few days prior to completion my monthly mortgage payment was due, I paid it in full. This caused there to be an over payment…
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New Mortgage offshore worker
Hi All, I am on offshore worker spending most of my time outside the UK. I am currently paid in dollars into a UK bank account and have a rental property in the UK that i use when i am in the UK. I have a deposit ready to go, however i keep getting my case turned down for a mortgage as i am paid in dollars. Also i don't…
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Advice for Transfer of Equity / Mortgage
Hi, My wife is currently named on the Deeds & Mortgage (Natwest) for a House she shared with her sister. We are looking to move house and therefore she would like to be removed from this House/Mortgage so that we can borrow more money. Our house is currently in my sole name only. The mortgage on the house with her sister…
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Conveyancing Question.
Hi Guys First time buyer, and securing my first property seems to be going smoothly so far. The mortgage is pretty much agreed, just about to sign the forms and send them back off - however... There is a charge for 'conveyancing' estimated at £330, to cover conveyancing being undertaken on the lenders behalf. It's…
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Nationwide texts
Nationwide text me on Monday to say they'd received the valuation report and are currently reviewing it. They'll be in touch if they need any more information. Is this a standard text. I'm getting worried that there's an issue now.
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Debt repayments not shown on Mortgage Offer
We are FTBs using the Equity Loan Scheme to purchase a new build property. People on this forum have been very helpful in guiding us through this process. I just have one simple question remaining. We have approx. £5k on credit cards between us and intend to pay this off before we complete on the property in…
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Santander product change - help.
We are coming to the end of our current deal of 1.59% on our two year fixed Santander mortgage, I went on-line to check for new rates and they have put it up to 4.29% with pretty much no room to manoeuvre. Albeit we have acquired a default between myself and my partner during the past two years, but I thought they do not…
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Help mortgage query
Hi I wonder if any would know if staying on my 0.25 interest rate which is a benefit in kind would be more cost effective than a higher rate but not a benefit in kind? Any comments would be appreciated :)
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So what happens now?
Newby here :D Me and my partner are first time buyers, buying the house across the road currently private tenants. So we have made an offer, been accepted, formal mortgage offer been given, and have just instructed my solicitors with all paperwork to start process and some money up front Small chain, us just buying...our…
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Advice re current mortgage and having a family.
Hi All Me and my partner have been discussing about starting to try for a family pretty soon (we get married in a couple of months so feel as though its the right time). I worry so much about money, will we be able to afford it etc etc. We have a mortgage of around £730 a month. My partner is the main earner. We have a…
