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Mortgage Newbie
I (32 yr old) jointly own a home with my grandmother. We own half each, outright and the property is valued at 275-250k. I am getting married in May 2018 and at that point my other half will move in and we need more space. We have just applied for planning permission and all being well works to extend the home will begin…
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L&C - any good for contractors?
I'm currently contracting (PAYE via agency or as a FTC rather than Ltd company) and am looking to purchase another property. I contacted L&C who said there were a couple of providers in the market who would lend, but choice (understandably) would be pretty limited. As a whole of market broker, I don't have any reason to…
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Break up - Selling house advice
Hello everyone, A bit of advice please. I'm 30 and me and my girlfriend of 10 years bought a house together 3 years ago. The house we live in is very nice and was out of our budget but she loved it so much her parents helped with the extra to seal the deal, so in effect she's put in like 70% to my 30%. I signed an…
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Mortage advice -first time buyer
Here goes..... Looking for some advice Myself and my partner are 30, work full time jobs and take in around 50k pa salary split. I pay out about 250 per month for my car and phone bill. (No kids) he pays one phone bill 60per month �������� Right now we have 10k saved looking to purchase property in Scotland around the 75k…
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Aldermore, advice needed
Hi there first time buyers and first time posters here Looking for some advice from anyone else in the same situation or with a greater knowledge I've been on to my broker but I think he's sick of hearing my voice, to the point his secutary, goes hi what's your name and as soon as I say my name she goes he's on another…
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Mortgage 1st
Hi there, has anybody any experience of dealing with mortgage brokers Mortgage 1st? Thanks in advance.
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Mortgage Advice Bureau
Hi, Me and my boyfriend have recently been declined for a mortgage with Santander due to a ccj on his report. We have seeked advice from the mortgage advice bureau of what our next options could be? The ccj was satisfied 9 months ago. We will probably be looking at a much higher interest with fees from MAB also. Santander…
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Porting query - losing will to live with Nationwide
We're currently porting our existing mortgage and borrowing a little bit extra for our new house. Nationwide advised there would be 2 mortgages - 1 for the existing mortgage and 1 for the new. As the existing mortgage is still on a deal this would be on a slightly higher interest rate until the deal expired. We'd then have…
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Natwest underwriting times
Hi, wondering if anyone knows approximately how long Natwest underwriting takes? Mortgage application was submitted this morning and I already bank with them.
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Pay off some loan or use towards equity?
I am looking to move house but have a large loan. Current House £90,000 Mortgage remaining £69,000 New House £90,000 New Mortgage £67,500 My income £15,000 Partner £10,000 One dependant The only finance I have is a £19,000 loan. I have saved approx £10,000 so my main question is - would I be better using some of that…
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Selling whilst ex partner still lives in family home
Hi, any info here would be appreciated! My partner separated two years ago from his partner of 20yrs. Since then and to date, he has paid the mortgage (£1000/month) his youngest son (19) has just finished college and he had said instead of paying CSA he would pay the mortgage as, although a much higher amount, it was…
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Renewing mortgage
Hi everyone I am renewing my lease next year and have invited everyone in the flats if they want to come in with me to get reduced rates from the solicitor and valuer, which they have said they will do. The only problem with some is that their leases are well below the 80 years. On the MSE calculator for how much is the…
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Has anyone had experience of Mortgage Simplicity borker?
Hi, I am just about to start the process of applying for a mortgage but have quite unusual circumstances so will be using a broker and was wondering if anyone had experience of using Mortgage Simplicity. I previously had a house which was repossessed in 2009 when I lost my job and became ill. At the time of the…
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Wrong lease company name on Land Registry and lease
Hi everyone My daughter has recently bought a flat in a complex of 48 contained in 6 blocks. One flat in each block for, some reason, some time ago was made over to another company one being my daughters flat. We have noticed that in the final correspondence re the lease and land registry has the original companies name.…
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Mortgages for students on stipends
I'm a mature postgraduate student on a studentship and receiving a monthly stipend to support myself whilst studying. I currently rent a property but have enough money in savings to cover a 10-12% deposit if I were to consider buying the property, or one similar. As I'm single, I would be the sole person applying for a…
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Virgin Money Mortgages
I wanted to share the great experience I’ve recently had with a remortgage from HSBC to Virgin Money. From the initial contact, the staff have been extremely helpful throughout. Each time a new piece of information was reviewed by an underwriter, or any progress was made with the application a call was made to me which I…
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Re-Mortgage Options
Hoping I can get some advice on here around my Re-Mortgage options. I am currently in the process of re-mortgaging and have 2 options in front of me it seems which our broker is giving us and want to make sure I am making the right choice. Briefly our situation is we are currently on a Variable rate with current lender who…
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Partner on mortgage for houses for TWO ex-wives!
What can be done about this? Rough background - boyfriend married twice before. First one divorced over ten years ago, he's still on the mortgage, she lives in house alone with their three children from that marriage. Second wife recently divorced but he left the home beginning of 2016. She lives there with their two…
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Mortgage Exit Fee
Why is this never stated on a Key Facts Illustration? Surely this information is crucial, especially at the period when you come to remortgage. It will certainly influence your choice of lender if these are excessively high. This fee can act as golden handcuffs for some lenders.
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Advice needed
My partner and I are considering when to buy our first place together. We are looking for a two bedroom property (ideally a flat) in East London. Our combined annual income is £62,450 before tax and we would hope to get a property around £260,000 at most. One of us will be using the LISA for our deposit (around £10,500…
