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Remortgaing/Equity Release for a potential Buy to let
Evening all, So I was at work today having a meeting with my manager when we started talking about pensions/retirement/property-the passage of time etc...he was telling me of his burgeoning property empire that he is building in Bristol to fund his retirement ( I think he wants to live forever..by cashing in on the capital…
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Moving home - credit rating
Hi Me and my husband are hoping to move in 18 months to a bigger home. My question is at the moment my mortgage is with nationwide. We've managed to renew our mortgage with nationwide as they don't do any searches but we plan on moving to a bigger property in the future. I have a lot of debt. Credit cards, 2 loans and next…
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Mortgage advice please
Just after a bit of advice please. Owe approx £119k on present mortgage house is valued at £270000, husband earns £63k and I earn £16k on a permanent contract working 2 days a week, I also have a 6 month contract with the same firm working an extra 2 days a week - doubling my salary to £32k - I am pretty sure the extra 2…
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Remortgage Solicitor Question
Hi A quick question... When I paid off a second charge on my property two years ago (a shared equity scheme with the builders), I was told I needed a solicitor to act on my behalf (included a further advance on the mortgage and removing the second charge from the land registry). I am now going through a remortgage with…
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Masthaven Bank Mortgages
Hi, We applied for bad credit mortgage with masthaven 80% LTV. DIP approved. Waiting for the full application to be processed by the underwriters. All the docs have been provided to them by our broker i.e payslips etc. Anyone used them before for the mortgage? any experience? how long would they take. Whats the chances are…
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Niche Combo: unusual property and unusual income.
Any idea which lenders I should approach to try and raise a mortgage to buy an unusual property? Property has more than 10 acres of land and, while habitable, it needs repairs. Income is PHI. Were intending to use proceeds from our house sale. Our buyer pulled out on Friday. So- we now need to try and raise a mortgage on…
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Remortgaging, best completion date?
My mortgage payments are made on the first of each month and this was my last one on my 2 year deal. A new ten year old deal should start with Barclays from the 1st of Oct. Their solicitors have been working on it and today was supposed to the completion day. In the past I expressed to them my worry they will complete to…
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Downsizing options
Hi, We are thinking of downsizing to reduce outgoings etc. Are we likely to get a mortgage with the affordability test if we already have a mortgage with larger payments that we are making? Our house is currently valued at 240k with 170k mortgage. We are looking at a 170k house with 140k mortgage and 30k to pay off debts.…
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Getting a new mortgage product when have childcare costs
My husband and I have another two years on our fixed rate mortgage and are very keen to get another fixed rate after that. However, we want to start a family and I childcare costs will have an affect on what we can borrow. If I do a remortgage calculation with our existing lender (on their website) with childcare costs, we…
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What are my mortgage options?
i am self employed, i just had my last default drop off my file this month, i checked the equifax 2£. Last year i had about 80K go in my business account, i haven't finalised the accounts yet, want to keep the required tax as low as possible but also need to know what multiples i'd be eligible for and what i can borrow.…
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Mortgage overpayments advice please
I have just come in to a bit of money, 50k to be precise :j and would like to pay 30k into my mortgage. I was wondering the best way to go about this as I'm with santander and they allow (i think) 10% a year. I have £157,643.77 left to pay and 21 years and 4 months @ 2.99%. The deal i'm on finishes in Feb 2019. My question…
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95% Newbuild Mortgage
Hi, I recall seeing a thread that Halifax could offer 95% mortgages on new build houses for certain house builders and certain lenders. Does anyone know how I find out who the builders and brokers are? Has anyone had experience of the process? Thanks
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Remortgage advice to increase mortgage please.
Hi everyone, I am looking at remortgaging and increasing my mortgage to include a new kitchen and bathroom in the next 12 months but as it's been quite a few years since I have done this I am not sure the best way to go about it. I'll try and explain everything as best as I can: Currently on a Halifax standard variable…
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Professional mortgages
Hello, I wondered if anyone knew about or has taken out a professional mortgage before? It's different to a normal mortgage in that it's targeted towards (trainee) professionals such as accountants, actuaries, lawyers, teachers, etc and is much more flexible in regards to amount borrowed, interest rate, etc.…
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Remortgaged
This is my first post in a LONG time, so may as well say a hello again. Would just to say a big thanks to this site and in particular for recommending London & Country as a mortgage broker. I used them just over 2 years ago to get our first ever mortgage which was finally granted using Bank of Ireland / Post Office. 93%…
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Credit card cash advance preventing mortgage approval?
Hi asking for my partner. He thought he had a good credit score, Equifax said excellent, some debt e.g. credit card and loan but not excessive. He is wanting to buy a 130k home and putting down 20k at least. Natwest appeared the best deal, so our broker applied and it came back a refusal due to 'adverse credit'. We though…
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Adding spouse (in new job) to mortgage AND remortgage
My wife has just switched from a contracting position to a permanent one (even though this is actually at the same place of work). My current mortgage provider (Godiva Mortgages but residential) requires 12-month of permanent employment even though it seems to accept contractors too as long as they have 6 months of…
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Mortgage and gambling
Hi I've had a gambling problem of late, I would like to apply for a mortgage soon but I just wanted to know how far back to they look when assessing my mortgage application the amount was roughly £20-£25k for gambling. What should I do?
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Mortgage for renting to relative
Hi, my sister and I are falling foul of trying to get a mortgage on a property that we rent to our dad. The current situation is that we have a 3 person mortgage where I own 50% and my sister and ex-partner had 25% each. My sister split up from ex a few years ago and solicitors have been involved recently to amicably…
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Remortgaging - 2 to choose from
Sorry another which option is best thread. This is the first time we have remortgaged so not too sure how to go about it. Our fixed mortgage has come to an end & now on a higher % so paying £470 a month compared to the £400 we were paying. I've found 2 options. Natwest 2 year fixed 2.90%, 0 product fee £420 monthly…
