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Btl
Hi all, Hoping for some help...i'm looking to move out of my current residential property, remortgage this on a BTL (do it properly) and rent this out (its around 50% loan to value). I will then become a tenant myself for a short while, whilst I look to purchase a much smaller residential place. I also have another…
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The '6 month rule'
Hi all, were after some help. We are in the process of buying a property and selling our current home. Most things have been done and I think exchange is near. Our solicitor mentioned a couple of weeks ago that he will need to make the mortgage lender aware of the reason that the house we are buying has only been in the…
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Mortgage valuation less than selling price
Hi, Just after some advice, we put our house on the market after having it valued by 2 separate companies we accepted an offer for the asking price. Our buyers had their valuation done and it has come back 15k less than what they offered the valuer says none if these houses have sold for 2 years so he can only base it on…
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Nationwide DIP Accepted what could go wrong now?
Hi, this is the first time I have ever posted on a forum, so please forgive me I have had mortgage with Nationwide for 15yrs and never had a late payment, I also bank with them, my property is worth around £300,000, and have £69,000 balance, I have applied for additional borrowing of £57,000, Decision in Principle has come…
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Nationwide DIP Accepted what could go wrong now?
Hi, this is the first time I have ever posted on a forum, so please forgive me I have had mortgage with Nationwide for 15yrs and never had a late payment, I also bank with them, my property is worth around £300,000, and have £69,000 balance, I have applied for additional borrowing of £57,000, Decision in Principle has come…
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Mortgage with tax credits as income?
Hi I hope some of you season posters can help me. I first got a mortgage 10 years ago when I was earning more money and in a full-time job I've since had a baby and have gone part time at work I'm a single parent. I want to move house and would like to know if there are any mortgage providers that take tax credits as…
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Conveyancing costs - YBS raking in referral fees
I am in the process of remortgaging my house – from one provider to Yorkshire Building Society (YBS). YBS force you to use a solicitor from their preferred supplier list under the guise that they know the YBS processes. Costs are high compared to other solicitors. I had to oblige – at cost of £379 before fees. I've just…
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Will I be asked for another payslp
I have just lined up my mortgage renewal on a fixed 3 years deal, which is due to start around 8th November. The application has gone through fine and ive had the offer so everything complete and rigged to start as the other expires. I am currently waiting to pursue a self employed venture, however i have received the…
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Remortgaging BTL
Hi isit possible to release equity from my BTL property, current mortgage is £33k on the house worth about £80k, so isit possible to remortgage for £60k leaving 25% equity init and releasing funds. Thanks
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FTB getting Home Mover Mortgage
Just a quick question really - I am a FTB but I want to get a home mover mortgage - is this allowed? I know the incentives are generally better with a FTB mortgage but I have found one I like as a home mover scheme. Also, how long are lenders taking at confirming applications at the moment? Thanks in advance!
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Applying for mortgage, partner has a CCJ
Ok where to start. Incomes Me.(M) 49000 per year Partner(P) 29500 Per year P has a CCJ from June 2015 for 1200 will be satisfied in november 2017 P has 2 dependants (12 and 14) M has loans totalling 45k (to be paid off when sell M house) M has mortgage for 66.5k M has house worth around 170k M and P want to buy a 290k…
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95% Mortgage advice needed
Hi everyone I'm using a broker who gave me an AIP for £135K this was based on 5% deposit House purchase £140K Now he has started to look at mortgage products for me, he is finding they won't lend that amount. Max loan is around £131K My finances are: Gross salary £36,900 Credit card £3300 (paid off at £100 pm) Car £202…
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When is 'completion' date, not 'completion' date?
My Partner and I recently took out a mortgage for a property we’re renovating. The paperwork with our mortgage offer stated that the first mortgage payment would be taken on the 15th of the month following completion on the property. On this basis we agreed a completion date of 1st September, meaning that the first…
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Springboard Mortgage HELP?!?!
Hi! My name is Will, I am a 24 year old looking to relocate myself out of London to Leicester and to get myself on the property ladder. My Dad has offered to help me by doing the 'sprngboard mortgage' but has tasked me to find out all the information. Its easy to say I am lost past the core info available on Barclays…
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savings, pension, season ticket loan and affordability
Hello. At the moment I'm saving £300 each month for various reasons - doing a monthly standing order from my bank account to my savings accounts and my child's account. When remortgaging, does the lender include this amount in affordability calculations or not? How about my own pension contributions (£200) and my annual…
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95% mortgage
How difficult is it to get a 95% mortgage? We are first time buyers. As stated on here previously, I'm a sub contractor. Thanks in advance.
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Removing my ex partners name
Hi I am a single mother of two currently working part time. I have had my mortgage for over 11 years and have been split from my partner for 3 years. He now wants to move on and buy a property of his own, we are joint tenants on the mortgage. I have now met a new partner and we want to try and remove my ex-partners name of…
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Removing my ex partners name
Hi I am a single mother of two currently working part time. I have had my mortgage for over 11 years and have been split from my partner for 3 years. He now wants to move on and buy a property of his own, we are joint tenants on the mortgage. I have now met a new partner and we want to try and remove my ex-partners name of…
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Completing a Deed of Postponement
Hi all! I'm trying to remortgage with my building society and need to do a deed of postponement. They have an online form, and I assumed initially that I just get that signed, but is it that simple? I've been looking for information online but to no avail and my building society were of little help, probably becuase I…
