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Buying brother out of joint mortgage
My two sons live together and own a flat, they are in a fixed rate mortgage. His brother is aiming to move out, come off the joint mortgage and buy a house together with a new girlfriend on a new mortgage. Would it be complicated for one brother to buy the other one out of the mortgage ? Has anyone got any experience of…
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selling within mortgage term
Hello, I couldn't find anything so far so mortgages with no penalties should we decide to sell the property by the end of our mortgage term. I found mortgages with no early repayment charges but it's not the same as we come out of the mortgage term. There is a way I can sell my house without accuring a fee for breaking the…
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Beware of Sequence Lifetime Mortgage broker
Because of the tremendous errors made during my mortgage application and no other way of writing a review of my personal experience received from Sequence mortgage brokers that come under William H brown i want to warn others. I am a home buyer and enlisted the services of Sequence to help with Mortgage on BTL and…
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Delete please
Nevermind.. I'll deal with it!
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FIxed, tracker...?
Hello, Some general advice would be most gratefully received. I am due to remortgage in March next year so I'm just starting to have thoughts about what to do. I am a Dutch woman, hence my need to feel some kind of security in this country and feel like I am controlling some part of my future here (just in case you are…
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Remortgaging past 65?
Does anyone know of a borrower who will remortgage us? My husband is 65 next year and between us we have £60,000 income and no loans/debts, dependents and 100% repayment history on everything since forever. But trying to get someone to lend to us after he is 65 is proving a no go because they will only take his pension…
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Rent Guarantor - credit score and remortgage
Hi I have been asked by a family member to be a rent guarantor. I have no concerns that they will not make their monthly rent payments , however , I am wondering if being a guarantor could have any impact on my credit rating , even if all payments are made? Also me and my partner currently have a 2 year fixed mortgage with…
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Mortgage offer reduced by 50%
I have used a broker as my situation isn't straight forward (credit card debt)They charge a fee which I pay. But they applied to virgin money and we had an AIP, then full application, then valuation. Even with credit card debt we easily passed affordability. Virgin then requested last 2 years p60s. My broker has got back…
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Remortgage
Hello, I've asked a mortgage broker to look for us but was wondering if anyone has any advice they could kindly give. I have £100k left on mortgage on 1.8% fixed rate with Halifax ending in September 17. Looking to get a new fixed rate and add £30k to mortgage for loft conversion. To complicate, since took out mortgage,…
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2 or 5 fixed
First off, you guys are amazeballs. So friendly and full of support and guidance. My last thread was questioning a broker..well I go one I liked and her fee isn't ridiculous. Now the dilemma of choosing a mortgage. She has factored in if it is worth paying the arrangement fees with a low interest rate or getting a higher…
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Precise mortgages
So waiting for offer from precise since 26th May we are purchasing new build. Had a phone call from solicitors saying our reservation date has ran out yesterday and they are giving us 10 working days to exchange. Precise have been a nightmare with documents. We have sent in everything under the sun. There currenr problem…
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Remortgage Valuation
I am coming towards the end of my 2 year fix with NatWest so I'm considering my remortgaging options. I purchased my home in Aberdeen in 2015 for £185k (home report value £195k) putting down a 10% deposit and currently have an outstanding balance of circa £158.5k. NatWest are offering a 2 year fix retention deal of 2.28%…
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Can i rent out my flat short term and not tell my mortgage provider?
I'm considering going travelling, and want to rent out my flat for 6 months or possibly a year on a short term lease. Should I even bother telling my mortgage provider, HSBC? I also bank with them so they might guess! Changing my mortgage would be a massive pain, and expensive. I won't have an income, but the rental will…
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Mortgage salary multiple
Hello, Does anyone know what maximum salary multiple different banks are able to lend at? I have been offered an approval in principle on a mortgage at 4.75x salary from HSBC but am interested whether any other lenders are able to offer higher salary multiples? Are x5 multiples still available? Or even slightly higher than…
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Mortgage further advance
Hi all, OK long story short myself and wife have separated and I have the house. House worth £162k, outstanding mortgage £92k with Halifax. I have applied for an additional £35k to clear all the debts we accumulated together - my income £75k a year. Went in branch and got AIP with (apparently) an A pass. Did full…
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Final credit check before completion!?
I wonder if anyone on here has information regarding the final credit checks that Natwest might perform before I complete on my mortgage? I have an offer in place, but my house will not be built until November, I am told that the bank will look again at our credit files just before we complete even though we have been…
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Virgin Money 'Joint' mortgage
I applied for a mortgage with Virgin money to help my son get a property. He would live on his own. I would carry on renting where I am with my husband. I wanted a joint mortgage between my son and me. However, Virgin would not take my son's earnings into consideration even though it would be a joint mortgage and he would…
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Remortgaging for home improvements - how does it work?
We bought our house 2.5 years ago and are now planning some significant improvement works (ground floor extension plus loft conversion and reconfiguration of first floor). We had initially hoped to finance this from savings, but based on the initial estimates we’ve had this is looking unrealistic and we are now thinking…
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Remortgage with unlimited overpayments
Im currently with santander, 1 year into a 5 yr fix with 10% max overpayment limit. Im looking at coventry flexx and first direct as i can significantly overpay more than my 10%. I have 53% ltv and owe 48000. Should i go for a 5yr fix with low monthly payment of say £300 and then overpay? I presume i will finish before the…
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Advice needed
little bit complicated this one....We had an offer on our house, and had an offer accepted on a new build in May. Less than a week later, we had to pull out as my wife was being made redundant. Our mortgage lender was reluctant with our application anyway, currently spend approx £1200 a month on childcare but in sept our…