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New Mortgage
Hi All, I am looking for some information and for someone to put my mind at ease! We applied for a mortgage a around 1 month ago, the AIP was accepted but then the mortgage was offered to us on the basis of us clearing off some debt (credit cards around 12K), this was done and just over a month on we have been offered a…
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Part commission salary
Hi We currently have a mortgage with Santander, a 5 year fix which is coming to an end. I want to remortgage as we are paying 5.49% but am mindful that we need to move house in the next year or so. Current LTV is about 70%. The difficulty we faced when we got this mortgage was the fact that my partners salary is made up of…
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Using house to buy new house
Hi I own my house out right no morgage and value is around 125,000. Looking to buy a new house valued at 170,000 and keep my current home to rent out and use the income towards the new morgage. Question is can you get a morgage at a higher ammount than the house I would be using a collateral. Or is there another way to do…
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Moving but want 0% credit card
Hi, we are moving but would like to have a 0% card to use to get a wood burner into our new house, when we move in. We have sold our house (to FTB), offer accepted on our new one (the seller is moving into an empty property), Mortgage offer received, searches & survey all done. Just waiting to work out a date with the…
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Joint and separate bank accounts
I'm just wondering, me and my partner have separate bank accounts and looking to get a mortgage. We have a joint bank account but don't use it as this will be for joint bills and mortgage payments to come out of. Will this have any affect on when we apply for a mortgage? Thanks for any help :)
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Unencumbered shared ownership - counts as purchase ?
Hi all, Currently own 50% of a shared ownership flat outright just starting to look into getting a mortgage for buying out other 50%. Waiting on the housing associations valuation to come back before I go to a broker and move forward. In the mean time been looking around at expected costs and obviously one are legal costs…
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Relationship split
My partner and I got a joint mortgage in November after me paying a mortgage for 15 years on my own. I put down the whole deposit and have since spent 20k on the house. The deposit (80k) is in my name (deed of trust???) he has not contributed anything and we are now splitting up. He told me this morning that he wants me to…
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Is having a valuation good news?
Hey All, We submitted our full mortgage application a couple of weeks ago and have had a valuation instructed on the property - does this mean that we have passed the credit checking, affordability and lending criteria? How far away are we from getting the offer?
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Precise Mortgage ,15% now they want 20%
Please I need help and advice I fell like I want to pass out....we did get a phone call from our broker saying that Precise want now 20% of deposit, we just have 15% .... Does anyone have the same experience? I want to die fell totally lost :( please help
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Getting a mortgage after bankruptcy
Hi all, My first post on here but I wanted to share my Experiance with bankruptcy and getting a mortgage. I was made bankrupt in 2010, basically from being an idiot and getting into a lot of credit card debt. I was young and owned nothing and made the decision myself that if i ever wanted to own my own house I needed to go…
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Remortgage & Employment Status
Hello! I've just joined and my question is about our employment status when remortgaging (to pay for a lease extension). Our lease is now at 62 years so we're keen to get the lease extended but our employment status has changed. One of us is in permanent employment, the other has been temping for the past 12 months (some…
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Mortgage advise please
I did ut this in house buying, not are which thread it should be in. I have just been offered a new job starting 1st sept within the same council just at a different school, being paid by the same council. I am in the process of getting a mortgage which should all complete middle of august and all be moved in before 1st…
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Remortgage Rates and Advice
Morning people. I got on to the housing ladder 2 years ago as a first time buyer. I am coming to the end of my 2 year fixed 3% rate with Leeds Building Society and I'm looking to remortgage. I'm looking for advice on my next step. With the whole Brexit situation I'm not sure whether to tie down to a decent fixed rate for…
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Is it worth remortgaging
We have a mortgage for 48500 and paying standard rate of 5.440% we have 5 years left - is it worth changing to get a lower rate to either pay less or reduce the term?
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Cashing in or keep L&G Endowment ?
Hi I have a 25 year with profits L&G Endowment Policy no longer used to repay mortgage details below Policy Start : June 1994 Intended value : £39,000 Maturity : June 2019 Growth rates 0.7% £26,300 / 3.7% £27,700 / 6.7% £29,200 - Letters suggest use middle rate as guide. Monthly contribution £50.47 Surrender value £25,532…
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Remortgaging and changing banking address
2 year fix came to end few months ago. just changed my main bank address to current home today. address at work is still old one (will do tomorrow). child tax in new address, and mobile, 2 CC in new and 1 in old address. how long do i leave it before applying for a remortgage?
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Remortgage question?
Hi, we are thinking about a reportage as we have been stuck with NRAM at a very high rate (4.77%) du to financial issues. Current financial situation is this: combined joint income of £46K House value is £210K approx. Mortgage settlement is £152K Mortgage payment is £975 per month Come Jan we would like to re-mortgage and…
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Stuck in a mortgage with my Ex
I was hoping someone might be able to advise me on the best way through this. I am stuck in a mortgage with my ex-partner. We have been separated for 3 years and she now lives in the house with her husband with both of them responsible for all bills. I myself am now married and want to buy a house with my wife but I am…
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Transfer of Equity
Hi Unfortunately I have split up from my partner, we were not married. We own a house together, I intend to purchase her share. We have a declaration of trust in place, it states that my partner was responsible for 30% of mortgage payments. I understand the stamp duty is worked out from the sum of: 1/ value of her share 2/…
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Precise and defaults/DMPs
Just wondered if anyone had a success story with Precise with similar circumstances to us? Oh is coming to the end of his dmp, I have settled defaults (latest one 1 year ago) and a history of revolving paydays loans (small amounts, all paid on time and latest one was over 1 year ago). I have one small credit card (£750)…
