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Together mortgages
Hiya. Not looking for advice on whether we should or shouldn't as I know together finance has a bad reputation however is our only option and will make life easier for us substantially. My question is, we have been going through a mortgage application with together for two months. Finally had the security call and at last…
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Jobseker - How to manage mortgage
Dear All Mine is a similar case as some other threads on here and I have taken consideration of the comments given so far. Place of work closed unexpectedly in July and all staff made redundant. I am currently trying to find new employment, but the mortgage needs to be paid. Up to now I have used some savings, but things…
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Mortgaged due for renewal (shared ownership) and redundancy
Hello, I'm new to this so please bare with me. I've owned my shared ownership property for 13 years and have had the same job during that time. I've just been made redundant and have realised my mortgage is due for renewal next month, and not next year, as I initially thought! I am also in the process if extending my lease…
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property "not lendable"
Urgent Advice needed! - Banks saying property is "not-lendable" and we have already paid large deposit and exchanged contracts - what can we do if we can't secure mortgage without any fault of our own? Quick Summary - We exchanged contracts on a new build, now banks say the property is not lendable, we have already handed…
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Will my poor credit rating affect my girlfriends Mortgage application
Hi all My girlfriend is currently applying for a mortgage for a new house the worry for me is my credit rating . Years ago I hit hard times and destroyed my rating , I have 2 ccjs on my file ( both satisfied ) and nothing else . We are only linked through a joint account ( not used for wages ) we both have separate current…
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When to start looking at remortgaging?
We bought our first house in January 2016 on a 2 year fixed rate with Skipton and have been overpaying what we can since so i am confident we will hit the 85% LTV figure by the time January comes around. We were wondering when we should start the ball rolling on a remortgage to try and fix the rate? When we bought the…
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FTB NatWest
Hi everyone, I'm a FTB and have a mortgage application in with NatWest. They called Thursday asking me to pay the valuation fee, is this a good sign that I have passed the affordablility? My credit history is not a problem, I just worried about the affordability as I was getting a higher rate compared to others through…
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In process of Selling House and looking at Mortgages but have debts
We are currently in the process of selling our house for £240k Our mortgage is £35k and I have debts of £22k (credit card and loans). Debts were caused by home improvements and a gambling addiction. I no longer gamble and my bank account does not show any gambling transactions. We're hoping to get a mortgage of £130k Our…
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Buying a council house - Advice needed
Hi everyone, was hoping to get some advice as I am coming to purchase my first house...It would help if I give you an idea of what is going on though, just so you understand. So basically, at the moment me and my mother live in a council property in a nice enough cul-de-sac, it is one of few council properties remaining on…
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Mortaging on joint ownership.
JThe wife and i would like to re mortgage on my house which is joint owned by myself the wife and father. The wife and i own 33% each and father 34% The house is worth £350000 with no mortgage on it. We would like to release 90k to fund a property purchase abroad. Do able.....? Or does the fact my 70 yr old father owns a…
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Best way to fund a property
Hi All, First of all sorry for so many questions but I am undertaking what could probably be best described as a brain dump in the hope someone may be able to make sense of the questions. I am looking to purchase another home in the UK by the coast in an area I love and was initially looking to use this as a holiday let to…
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Want to move next year, fix ending Dec, options.
We are planning on moving next year and our 5 year fix ends in December. So our choice is switch to a new fix now and port the deal next year, or go on to the SVR until we move and avoid any potential high ERCs if we can not port. Currently we are paying 2.99% we can switch to another 5 year fix, no fees at 2.24%. Or go…
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To wait or not to wait
My wife children and I are currently wanting to move house and upsize somewhat, my credit score seems OK and I've been told I'd have a good chance of a high street mortgage deal. However my wife's credit rating isn't great, this is because she had a CCJ 5 years ago which was settled last year. The annoying thing is, other…
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Mortgage and separation
Hi Looking for a bit of advice as I am not sure what I need to be doing or what I can do. My husband and I have been married for almost 12 years and bought a new house last year. This was to be our forever home, however earlier this year just a year after buying our forever home he decided he no longer loved me and moved…
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Swap to interest only with possible redundancy
I am getting divorced and have now got the mortgage in my own name. Ex will get a percentage of equity when house is sold. There is no pressure to sell but may do so in next 5 years or so. My new mortgage is repayment for £70k over 15 years. Value of house is about £180k. A friend suggested I should get an interest only…
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Freehold service charge
My partner and I have found our dream home (fairly new build at around 12 years old) and up until last week, everything had gone to plan with us expecting to exchange and complete within the next few weeks. Unfortunately, things have got complex. Our lender has pulled their mortgage offer on the freehold property as the…
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Is child maintenance classes as income on a mortgage application?
i live with my partner but he can't be included on a mortgage application as he is tied into a house with his step dad and this house had some late payments a year ago which has ruined his credit rating. I'm currently part time as I look after our children. My income is £17,000 my question is if we write a contract stating…
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Mortgage or Bridging Loan?
Hi folks We have just received an offer on our home ... it wasn't for sale ... it's an offer that we can't turn down, even though it forces us into moving a year or so earlier than planned. We will complete on 1 Dec and had planned to go into rented accommodation for 6mths but ... we have found our dream property!! The…
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What to look out for in a mortgage?
Hi, I'm a first time buyer with a large deposit looking for a relatively small mortgage (LTV about 31%) as this suits my circumstances for the coming several years. I have read the MSE first time buyer guide but it's left me more unsure than when I started! I'm having difficulty formulating the right questions to ask, but…
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Let to buy dilemma
Hi I have read through the forums and not been able to find an answer that fits my scenario. I would really appreciate some help and advice. My current property is worth 95 - 100K. I have a remaining mortgage of 25K on this. I would like to rent this property and buy another property to live in (140k price range). I have a…
