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Inherited mortgage shared with sibling
Hi all. My mom passed away a few months ago. The mortgage hasn't been fully paid off. Myself and my three other siblings inherited the house. Two want to take their share and leave the home. But myself and my other sibling thought it would be a good idea to keep it. I live elsewhere (as I was older and live away from…
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Mortgage after living overseas
Hi all, I am after some further opinions from any mortgage brokers/ people who have gone through the same process, after having spoken to a mortgage advisor recently who said I would not get a mortgage until I have been back in the UK for 2 years. He was so adamant of this that he wouldn't proceed any further than a quick…
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Mortgage with credit card debt
I have posted on the debt free site, but thought my query may be best placed here. I have currently accrued approx £16,000 of debts on credit cards. I have approx £45k - £55k of equity in my property. I am thinking of selling this house and purchasing one for approx £22k less, therefore giving me money to settle the credit…
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Mortgage offer expiry!
Hi, I am FTB and purchasing a new build due to complete on 16th October. My mortgage expires on the 7th October which in effect is ok as nationwide will grant a 15 day extension I have heard they actually have a 45 day grace period for new builds. however my issue is i have asked my solicitor to apply for the extension…
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Approve Subject to Valuation
Hi guys, I'm new to the house buying business and have had a call from NatWest saying that our mortgage has been approved subject to valuation. Can you tell me if this means as long as the valuation comes back fine then we will get a mortgage offer?
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Low credit history
How hard is it likely to be to get a mortgage with no credit history?
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Quick Question
Hi there, Just had to rejoin from ages ago as I can't remember my password. Can someone quickly remind me if mortgage companies generally use your gross or net salary when they are calculating how much you can borrow? thanks very much
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Disputing mortgage brokers fees...
Hello all My partner and I recently bought a new property and sold our old one. We used a mortgage broker who also owned the estate agents we sold our house through and also put our buyers in touch with him to use them as their mortgage broker too. To cut a long story short - the service we received was absolutely…
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NRAM Has cancelled my existing arrangement
Hello Everyone I have searched the Forum and can't find an answer, I've kept this as short as I can! In 2006 my then husband and I got a Together 125% mortgage with Northern Rock. Ex and I divorced in 2014 and in 2015 we sold our property with a deficit of £40,000 - which NRAM was more than happy to convert into a…
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Short Term Mortgage or Bridging Loan
My mother has recently passed away and I have inherited 50% of her estate. The family home is on the market and Probate is in the process of being granted. My own home is also on the market and I have found a property that I would like to purchase. There is around £150K difference in price between my home and the house I…
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Re-negotiating mortgage
Last year we took on a new mortgage - the mortgage is quite high at £750 month and we borrowed (yikes) 95% of the money. We're paying this without any issues and we can still save. Our net basic income is £2800. So, anyway... Our mortgage advisor will re-negotiate our mortgage next year when the fixed rate ends. He says…
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Virgin One mortgage
Hello, a question to anyone else who has a Virgin one mortgage account. I received a letter yesterday from the remediation operations team about an annual review that they did on my mortgage back in 2013/2014 saying that they got it wrong and would like to understand what their previous account review meant for me? If I…
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Fixed rate finishing soon.
We have a 10 yr fixed rate mortgage ending in Oct. Have had no letter from the bank. Will it just change to variable rate?. It was high interest payment, 6.4%? For a mortgage of about ?£22,500. We have got it down to about £16,500. Got 2 yr 1 month left of a 25yr mortgage. Also got our endowment statement, its green, no…
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Buy to let deposit?
I'm about to come into 50k. My husband and I have a £313k mortgage on our £700k house. We are fine financially so don't need to reduce monthly payments etc. We are deciding how best to spend the 50k. We are thinking about a buy to let property. Is this worthwhile these days what with all the stamp duty additional costs etc…
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Residential mortgage possible for Mixed Use property?
Hi all, Sorry for the long post, but I need some help in a bit of a strange situation... I am selling my only house and wishing to buy another residential property which would be my only property, and that I plan to live in. The property I am interested in is a normal residential house that has a workshop on the same title…
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Tell me why I should stay on Nationwide BMR?
Historically the nationwide BMR was seen as a good deal as it was guaranteed at BOE rate +2% for life. So at the moment am paying 2.25%. Personally I think rates will stay low for at least another 2-3 years. However I can switch to a lower rate of 1.59% variable. I am tempted to move but not sure if I am sacrificing a…
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5yr or 10yr fixed?
I am due to remortgage my house and I'm not sure what to go for: fixed 5yr at 1.59% or fixed 10 yr at 2.59%? Both provided by HSBC. Any advice please?
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First Direct mortgage process
Hello On Friday I applied for a first direct mortgage, for our remortgage (50 % LTV), and we were approved "in principle". I answered lots of questions during the process (maybe 1 hour 40 minutes). Now we have send over our payslips (they have access to our bank statement as we bank with HSBC). We will be speaking to a…
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No Early Repayment Charge in final month of deal?
Hi, I'm in the final couple of months of my current mortgage deal with Nationwide and looking to pay off a small lump sum before moving to my next deal. The advisor told me that if i wait until the final month of my deal, i can make an overpayment of any amount (not restricted to 10%) without incurring any early repayment…
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Mortgage fraud, what will they do?
I own the upstairs flat in an old house & I share the freehold with the downstairs flat. I found myself no longer able to pay the mortgage 3 years ago so I have moved out and rented my flat without informing my mortgage company. After the first year, I switched mortgage provider and now have a new residential mortgage with…
