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Can I buy share of parents house?
As a first time buyer can I get a mortgage to buy a share of my parents house? I want to do this to get onto the ladder and also free up a lump sum for my parents to buy a smaller property for them to live in. I will then be living in their current house. Thanks
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should i remortgage own home to pay off BTL mortgage
Was just about to remortgage our own home in order to clear a BTL mortgage on our investment property, as I thought the tax relief on BTLs was being removed totally. However, have just discovered (!!), that as a 20% tax rate payer, I will prob end up paying the same tax, as long as I have that BTL mortgage on it... The…
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Transfer of Property in Small Neg Equity .. Where do I stand or future profit?
Hi, Just after a bit of advice on my situation, CAB aren't able to help. My ex and I own a house bought on a 102% mortgage about 10 years ago, however we broke up and I moved out 4 years ago, she remained there and since I have been paying 25% of the mortgage plus contributing to a few of the other household costs such as…
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Affect of being pregnant or dependents
Hi all, Just looking for a bit of advice as I'm. Me and my husband are looking to get our first mortgage together - our mortgage advisor did their checks and found someone who would accept us. However we cant proceed until I receive some inheritance (in progress) however where I'm stuck is - stick to today and I'm now 6…
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Affordability Checks
Does anyone know, or could give anecdotal evidence, as to which mortgage providers check 3 or 6 months of bank statements before giving a decision? The reason we ask is that we expected to be applying for a mortgage in 9 months or more (as we saved the deposit). Things have changed, and we may now be looking in 3 months.…
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2nd charge mortage / secured loan
Hello all, 1st questions from me, been a site 'user' for years but usually I can find the answers I need in other posts. We are looking for a 2nd charge mortgage / secured loan of around £50k for a home extension. Or current credit rating is poor at best, but we have overcome these issues and we are now in a good place…
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Increase SA for mortgage application
Hi Last year I sold 50% shares of my small limited company for £11000. The shares were transferred back to me after 6 months for nil monies. I would like to include this amount on my SA302 tax return as myself and my wife are applying for a mortgage and this will help with my income as I am self employed. Should the above…
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Can Mortgage Lenders find out about additional savings/investments
Hi, When moving home do we have to declare all bank accounts and investments to our lenders and the solicitor? Will the bank accounts/investments show up on credit checks and searches they run. I've kept these funds separate from our main current account as they are earnings from matched betting and I'd rather not have to…
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Mortgage application
Hi guys, We have a joint account that all my wages are paid into and then have an "Allowance" each month sent to a separate account of £300. When supplying bank statements, would they want to see statements for both accounts or would the joint account suffice? All seems such a struggle to gain the right information.
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Funding House for Child - Advice
DD wants to move in with her BF but buying is not an option for them just now. We are selling our house which is valued at 225k and we have a mortgage left of 48K, after allowing for fees, stamp duty for purchasing etc we expect to get 173K out of our house. Ideally DH and I would like to downsize and look for a house at…
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FTB - So what next?
I've had an offer accepted, our Mortgage broker has a DIP with Bank of Ireland and the full application will be submitted tomorrow. I've been recommended a solicitor who have quoted a price I am happy with, however they want a £300 for Searches, does this have to be paid now or a little further down the line once I have…
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Owning House with Ex Advice
Hi, I'm writing for some advice on behalf of my partner. He owns a house with a mortgage with his ex who lives in the house with his children. Since they split up and he moved out 18 months ago his ex has been paying the full mortgage amount although it's still in joint names. She won't be able to buy him out and he…
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Specialist mortgage needed
Hi all, Looking at switching mortgage providers as currently paying a rate of 3.99% which we had to get when purchasing our house. We were very limited to providers due to various circumstances but I would really love to try and see if there is a better rate available elsewhere. Reasons for specialist mortgage: - Grade 2…
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Pay off Help to Buy or Mortgage First?
Hi, wonder if anyone here can help. I'll keep the numbers nice and round. I bought a house last year and used a Help to Buy loan. I always knew I’d be able to pay the loan off with an expected inheritance. I now have the inheritance money. In short, my Help to Buy Loan is £80K, my mortgage is £100K and I've just inherited…
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Joint mortgage, splitting up, unmarried
This kind of straddles mortgages and house forums but I'll try my luck here first. I am splitting up. We have a joint mortgage. We both contributed towards the deposit. We are not married. I pay household bills, food, gas etc. They pay the mortgage. So things are roughly even, but what situation does this leave me in?…
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End of fix - does it cost to switch?
Hi all Sorry if these are silly questions, I had enough of a toil trying to get my head around mortgages, now remortgaging is coming around and I'm baffled again... My fix with HSBC ends in December, so I know this question is premature, but I just wanted to know if I needed to get my finances in order... At the end of my…
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Halifax Mortgage Process and Recommendations 2017
Hi all. I just wanted to give my experience of dealing with Halifax for my mortgage and offer my advice. I to searched these forums out of stress and inability to wait patiently ha. Questions you may have:* I have bad credit will I be accepted * Should I use a broker * how long does the process take * what do I need to be…
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5yr vs 10yr fixed
Hi Current 2year tracker with NW coming to an end 1.59%, I'm considering a 5 or 10 yr fix. stable job and no plans to move ... can get 5yr fix with NW @2.04%... best buy for 10yr fix is 2.69 with first direct.... House value – 225000 Mortgage remaining - 155000 Thoughts? thanks
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Dwp interest only
Hi All. I share a mortgage with a friend. Its currently interest only mortgage. I was thinking of applying to The DWP to pay the standard amount of interest of my part of the mortgage. MY friend works im on benefits due to ill health. Someone told me, if i eventually want to change over to normal mortgage payments, i would…
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Final payment options
Our mortgage is £27,019 and we're on svr so no early repayment fees. I've been left 25k in a will so is there any reason not to use 2k of savings and get rid of my mortgage ? I've pretty much decided this is the best thing to do , the only slight bugbear is we've kind of talked about turning the conservatory into a…
