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How important is LTV where remortgaging with past defaults?
We would like to move home next year however we have defaults less than 3 years old on file. We recently changed mortgage product with Santander which meant we could take advantge of a 1.69 deal for 2 years. The defaults were cleared in full and final settlements. Also our LTV is only 32% but am curious how much importance…
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Selling my house small profit going to ex family
Long story short. I've owned a house for about 15 years 14 of them I've paid the mortgage and my ex husband refused. I moved out rented for a shirt time but the trashed my hone so I had to do it up at a very expensive cost. Well over £6000 again I paid. Put the house up for sale and my ex verbally agreed to let me take all…
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Can a second charge be for a percentage of the property?
We're buying a holiday flat with 3 family members. The mortgage needs to be in my husband and my names as we are the higher earners but the five of us will each put in 20% of the deposit and ongoing mortgage repayments. We wish to properly document and secure the other family members' rights in the property. The mortgage…
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How do I find a good broker for a buy-to-let mortgage for a company?
I'm looking for a mortgage broker to advise on commercial buy-to-let mortgages as I'm setting up a property company. The company doesn't have any assets yet as it's a start-up but personal capital is going to be used for the first purchase. A lot of common guides and companies though don't seem to offer any information…
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What happens to endowment if there's a crash?
I've been asking a few questions about investment on here (in the Investments section) of late and been very grateful for the knowledge I've gained from people who have answered and just by reading the answers to other people's questions. I'm now wondering about my friend who has an endowment policy with Royal London. As…
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Mortgage Question
Looking to possibly buy- my wife and I have saved over years for a deposit, and both sold houses owned before we met. My wife is now out of work to look after our child so we are essentially single income. Looking to spend approx £280k, and put down about £50k. Looking at comparison sites repayments around £960 per month…
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Is this a good sign?
Due to complete on our new house tomorrow. I have been tracking our NatWest mortgage application online, but now today it will no longer let me log in and shows the red message shown below. I assume this is all a good sign? :)
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Mortgage LTV with CCJs
Hi all, I am looking for some advice to decide whether its worth speaking to a broker at this time. I currently have two satisfied CCJ's for £591 and £617 from early 2014, since then my credit record has been perfect. My question is would I have any options open to me at 95% LTV or would I still be looking for a minimum…
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Mis sold mortgage help
Firstly, thank you in advance for any help that you can provide and secondly please accept my apologies for how useless I have been to find myself having to write this question. As the title suggests, I believe that I have been mis sold my mortgage and shall go through our experience to see if anyone either agrees or can…
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Is Scottish Widows a good lender?
Hello, I'm in the process of remortgaging for the first time. My broker has found be a deal for 1.19% 2-years fixed with Scottish Widows (£749 fees). I have found that Yorkshire Building Society is offering 0.99% 2-years fixed (£1,495), which can only be applied for directly. I would borrow around 400K, so the rate makes a…
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Shared Equity Mortgage Re Mortgage
Hi all my parents have split had have had a Shared Equity Mortgage them owning 70% and the Rural Housing trust owning the other 30% for the past 20 + years he has to remortgage to buy her out but is having huge trouble in doing so! This has been going on for over a year does anyine else have any tips or had trouble with…
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New Mortgage after early retirement
Complicated situation and would welcome some guidance please. Husband and I are early 60's and separated decades ago and the house/ mortgage was put into my name. Apart from this financial arrangements were kept informal. We are now thinking of living together again. The house is worth maybe 230k, no mortgage, and he rents…
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First Time Buyer - Commission Based Mortgages
Hi all i am in the process of saving for a deposit in order to purchase my first property along with my girlfriend. She has a stable, regular income as she is a teacher. however, i work as a salesman who earns a basic rate, with a load of commission on top. The question i have ( and wondered if anyone could help with this…
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Buy-to-Let and Family
My parents are getting a divorce to put it simply. My mum is in her 50s, disabled, has mental health issues and is medically retired. She doesn't/can't work. So there is no way she could get a mortgage. She won't get council housing due to the money she will get from the joint house sale, but it isn't enough to buy a house…
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Deposit - Source of funds questions
Hi all, Quick question if I may. We are currently going through the process of purchasing our first property. I received details from our solicitor today and we have to answer the question regarding 'source of funds'. Other than the mortgage itself, our deposit stands at £50000.00. Now the problem I have is that my wife…
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Buying a house with a short term tenancy agreement
Hi, I'm hoping someone out there can help me with this situation. We have found a bungalow that we would like to buy, it has tennants in currently until February 2018. We have a buyer for our place and we had planned to move in with the in laws for a month or so until the tennants moved out in February. But speaking with…
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new house purchase
Hi all, this is my first post, I'm after some guidance before we get carried away with a house that may for now, be unobtainable. Myself, wife and 2 kids live in a house where we owe £165K. We've just had it valued at £280K so we're happy so far. We wish to purchase a larger house and found the perfect one. It is however…
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Thornbirds
Please can anyone take sometime to give advise. I am in the process of seperation, and am receiving a gift of some money to help buy my other half out. I don’t have any credit cards and not overdrawn on my personal account. The joint account is only used by myself to put in A monthly amount to cover mortgage and bills ,…
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First Time Buyer
Hi everybody, My husband and I want to buy the flat that we live in its approx £130,000.00. We cannot get a joint mortgage as my husband has another residential mortgage on the house that his parents live in - he has to wait until next year to change to a buy to let as he is tied in until then. So what I want to do it buy…
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Paying of the mortgage
I have 3 years and 1 month left on my £38,254.00 mortgage. I have not asked for a settlement figure yet but at the moment my endowment will pay out £33,000.00. Do I continue to pay 80.00 a month for 31 months £2,960.00 or cash it in pay that of the mortgage and then the £80.00 overpay on the remainder mortgage.