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Mortgage broker advice needed - pre planning
My partner and I have decided we would like to buy our first home together and we plan to do so next year. All of our finances, deposit, employment etc are in order however he bought a house with his sister last year as she could not get a mortgage alone. Everyone keeps telling me removing his name from her mortgage will…
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Any experience with Sainsbury bank?
Hello, Has anyone any good or bad experience with Sainsbury Bank as a lender? In particular, I'm interested to know if there were any issues with the fee assisted legal service they provide on remortgaging. Thank you, :beer:
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Should we move house?
My husband and I own 3 properties (one we live in and 2 are rented out) They are currently valued at 400k, 280k & 280k. We have 3 mortgages currently 90k, 60k & 40k. I want to move house to a property currently valued at 650k. Which would mean borrowing an extra 250k. My husband is not keen as he doesn't like borrowing…
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Having brain freeze! Should I cash in ISA Fund Plan?
Would anyone mind casting an eye over my logic below to see if I'm way off course? I'm wondering whether to cash in my Synergy "Stocks and Shares ISA" plan but am struggling to make sense of the figures. Can anyone help? I currently pay £120 a month and there are 113 months left until maturity - so I've approx £13 500…
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Switching to new mortgage when inbetween jobs
Hi. I was made redundant at the end of April and have been taking some time off. My current 2 year mortgage deal comes to an end in the next few weeks and I need to switch to a new deal. My question is do I come clean with the Halifax and tell them about my current situation or go through my orginial mortgage broker (who…
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Completed IVA (3.5 years)max LTV in Scotland
I have a completed IVA (august 2013 to march 2014) - this was an IVA I was living in England at the time Subject to meeting affordability checks (most affordability calculators say around 130k, I'm looking more around 40-80k) what's the highest LTV I could get on a property in Scotland ? Most of articles/guides seem to be…
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charge on property
I had a charge of 30,000 against our house in my name by a brewery we worked under for unpaid rent on the pub. This charge was put on in 2011, since then the house is now in joint names with my partner and we have 83,000 outstanding on our mortgage 170,000 value which ends next yr. So we tried to remortgage was all going…
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How much could I borrow/deposit?
I am shortly going to be starting a new role within my company with a salary of £25k I was just wondering what I could typically look at borrowing in terms of mortgage? The only debt I have is a 4K car loan (which I could pay off but was toying with the idea of using the money I have as a deposit perhaps for a mortgage)…
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held prisoners in our home by the Co-op, fuming! advice sought
We accepted an offer on our house of £190k on Thurs 21st Sept. We intend to take £63k equity with us. Spoke to my current lender, the Co-operative, got an agreement in principle of £184k. We viewed 7 houses over that weekend with asking prices up to £240k so as not to stretch ourselves. On Monday 25th Sept we made an offer…
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remortgage - own another mortgage free house
I need to remortgage my current and main house. Own 2 more houses which are mortage free and are rented out privatley. Income of Less than 27k, age 36. What questions are the mortgage lenders (halifax santander) likely to ask over the phone or face to face. is it better going through a broker in cases like this (face to…
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Lending criteria
Just a long shot, but looking for info on the Lending Criteria for Bank of Scotland Mortgages in Year 2009. Perhaps an ex employee could advise or an expert in historical financial data. B of S advise they had no specific lending criteria for Mortgages in 2009. The reason I ask is a complaint lodged for mis-Selling a…
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How to be fair to GF if we pay the mortgage off
Hi, I hope to ask for impartial advice on our current situation, we are stuck with agreeing what is fair in the situation below. I bought my House when I was 19 for £24.500, I am now 37 and It is worth 80-85k, to be fair the price shot up not long after I bought it as they all did back around 99-2000. I took two loans…
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Bad credit mortgage
Hi, I'm trying to find out about bad credit mortgages. I have a CCJ and several defaults. Is it possible to get a motgage at a bad rate for a few years then something mainstream when my credit is ok? I know this is a big topic but just looking to get started.
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Getting a mortgage - one long term temporary role and one permanent
Hello, We need some advice, we have a £20,000 deposit and are looking to buy a fairly cheap house in the area we live (West Yorkshire). The house prices we are looking at are around £100,000-£115,000. We've done a mortgage in principle on the Halifax website and were offered £92,000 based on the info we'd given. Which…
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Mortgage declined due to shared ownership property, anyone else?
My husband and I put an offer in on a property in August which was accepted. As far as we were aware, it was freehold and we had our mortgage accepted on this basis. We've been waiting for ages for the paperwork to be sorted, and it turns out that the reason it's taking so long is due to the fact the property isn't…
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FTB Help! Unplanned overdraft Fee's
First time posting, just after some advice from anyone with experience on the below, First time buyer Property Value: 325,000 20% Help to buy equity loan scheme Deposit: 17,000 Annual: 54,000 Both been in jobs 3+ years Credit Card Clear Financial commitments: car loan & mobile phone contacts if you count them. My question…
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Skipton Mortgage Product Switches
I noticed the other day that they now offer online non advised product switches if "we think you are eligible" whereas before you had to go through a telephone interview. How they decided who is "eligible" or not I have no idea. I switched a few months ago so I won't need to worry about any of this for some time.
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Selling Home - What about interest?
Good afternoon, I'm sorry if this seems like a stupid question but I cant find a specific answer on both these forums and the web. Scenario: We buy a house for 150k - total mortgage agreed is around 240k including interest over 25 years. Lets say after 5 years we decide to sell and have been making all the relevant…
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The 6 month rule - mortgage criteria
Hello all, where a property owned less than 6 months is being sold-on (all perfectly legit) by an individual (small time 'developer', just a basic renovation), which lenders other than Nationwide and Virgin will consider this? I realise brokers do not like giving out lender names, but would very much value knowing if there…
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Applying for lower interest rate
We have a mortgage from Halifax which we obtained in 2008. Initially we were fixed for 4 years and then went onto 1 1/2% above base rate. No problems encountered, payments all up to date. Now with interest rates rumored to be rising we wanted to fix at a lower rate. We contacted Halifax and they appear to be selling us a…
