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#AskLandC Mortgages
Hi everyone LandC Mortgages is here on our Forum to help answer its customers' questions. If you're using LandC to get a mortgage and have a question pop it on here and it will do its best to help. Related on MSE: Free First Time Buyers' Mortgage Booklet 2017 Remortgage Guide 2017 Ultimate Mortgage Calculator
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Which remortgage rate makes sense?
Hi I'm about to pick a remortgage product and am looking for a bit of reassurance to check my calculations are correct on a 5 year fix. Option 1: Interest Rate: 2.34% Product Fee: £0 Monthly Payment: £527pm Option 2: Interest Rate: 1.99% Product Fee: £849 Monthly Payment: £504pm Option 3: Interest Rate: 1.94% Product Fee:…
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Joint business mortgage & separation/divorce
My partner (to be ) currently has a business with a business mortgage in joint names ( it is a small hotel and is a partnership not ltd company) He runs this and works with his wife currently . The business account pays the mortgage and not personal monies. He is walking out of the marriage and business in 2 months time .…
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High Street Mortgage - Default Success
Hi everyone, Longtime lurker, first time poster. I just wanted to share my mortgage process, and it's background. I lived in London for quite some time and left to return back to North East after a break up. This was due to my partner at the time taking payday loans out in my name, 17 in total, and defaulting on one. I…
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Lender asking for information I can't provide. Help!
Just starting a new thread on this as I'm looking for some specific advice... I've got a mortgage application going through at the moment, via a broker, which involves a bankruptcy and repossession from over 10 years ago. I've passed the lender's DIP and credit checking, I have confirmation from the lender that I fit their…
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Mortgage Refused 2 Time
Hi i have refused my remortgage application two time once Nationwide and second time Halifax reason was they are not satisfied from my wife wages actually my wife started new job and we applied with job contract so now my question is now on my history has three hard search. so when can i apply again could any when suggest…
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London & Country are a NIGHTMARE!
I don't even know where to begin with these incompetent charlatans. Never responding to emails or phone calls (or taking days/weeks at a time to do so) - failing to grasp things they have been told by the lender and, therefore, constantly having to contact them to clarify issues. General dithering and delaying. Have no…
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s it possible to get mortgage in just my name?
Hi Just wondering if anyone would be able to give some advise please? At the moment our house and mortgage is in my husbands name only, even thought we have been married for a very long time but due to my bad credit rating it was easier to make me off when we moved five years ago for borrowing extra. Fast forward five…
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Deposit from cohabiting partner
i am applying for a mortgage in my name. We cannot get accepted as joint application as boyfriend has recent ccj on credit file. We are looking at setting a cohabitation agreement to set that he will be entitled to half the property if things got sour. We both have an equal deposit amount of 5k each as well as a gift from…
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Lease Renewal
Hi everyone Overlooked by her solicitor my daughter bought a flat with a new lease the superior landlord had changed the wording by a deed of variation. In it the new lease, put in place by the previous owner, who only paid £12.60 per year to the day she moved out, the superior landlord had changed the details making the…
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Mortgage questions
Hi, I have just seen a shared ownership property advertised that I like. I have a hefty deposit, and I'd only need to borrow £56,000, the rental costs aren't too high either. I can pay 60% of the cost of the property, and I plan to keep £10,000 in my bank account as a fall-back. Problem is, my income is a little bit hit…
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Applying direct to HSBC
Hello I'm hoping to have an offer on a house accepted shortly so have been looking at our mortgage options. We're looking to borrow £168,000 for a house that's £210,000. I earn £25,500 and my husband earns £20,000. We have a £42,000 deposit. We have credit card debt of £2900 and one daughter who is just turning 18. I also…
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Removing ex-partner from mortgage
Hello, Myself and my (ex) partner took out a mortgage in October last year, we purchased the house from my Mother using a gifted deposit. House value £260k and a lent £200k. I now need to remove him off the mortgage, I know that I will not pass affordability checks to keep the mortgage on my own. I'm thinking of adding my…
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Using credit card during mortgage application
Hi all, I'm currently going through mortgage application via national wide. During the application, I told my broker I will pay off my credit card in a few months, however I have used up about £500 since then. Before using the credit card I confirmed nation wide had already done credit check on me and my partner. If I…
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Likliehood of Equity Release
Hello, I'm in the 4th year of a 5 year fix. During that time I've paid off 110k of my principal and am now left with a £45k mortgage on a £350k flat. 1) Would it be straightforward for me to increase the mortgage to £100-150k to free up some cash when the fix runs out next year? 2) Would the lender have any interest in…
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Mortgage in late 50's
Husband and I are looking to downsize from a 4 bed semi. Approximate value is 131k, equity around 68k, probably needing to borrow between 60k - 70k. We are both age 58 at the moment and are currently paying £619 a month on a 103k mortgage that was taken out in 2005 for a business, there are roughly 12 years left, SVR is…
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Banks now asking for 15% deposit on new builds?
Hi All I had a surprising number of calls with Santander and Barclays where even the adviser on the phone was shocked to hear they require 15% deposit now if the house is a new build. I am based in Northern Ireland and found many government schemes do not apply here. Has anyone else got a new build in Northern Ireland with…
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FTB mortgage rejected with Barclays. 95% LTV
Hi, I'm feeling a little deflated and was looking for some honest advice please. Partner and I have had a bit of trouble finding our first house and we have finally got into a position whereby we've had an offer accepted and are progressing with application. We have appointed a solicitor, our mortgage advisor completed…
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First time buyer mortgage - can I make a house offer before having the full deposit?
Hi all, The story: My partner and I will soon be ready to buy our first house. We currently have quite a lot of debt (£29K) but our credit history and credit score are both good. Inheritance will be coming to my partner in around 2 months time so we will be paying £24K of our debt off before we get a mortgage. We already…
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Mortgage for over 65 and wage paid abroad
So the complicated situation is i am British and my Husband is French. We have sold half our business in France and will now be paid a wage. I want to buy a house near my family in Uk and prepare to come and will have 50% deposit at least and both will have good salary's. Over 150,000 euro between us per year. We are 65 .…
