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Gifted from Grandparents living abroad.
Hi folks! So, I was reading through the forum and other websites to get a better insight about being a first-time buyer and was discussing this with my family members whilst abroad. My Grandfather has stated that he is happy to send over 70k as a gift - essentially for the deposit - but he wasn't too sure about the tax…
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Mortgage Renewal
We moved house back in May, porting our current mortgage of 117k on a 70% ltv rate and then added another 30k on a 89% ltv so my mortgage is made up of two sub accounts. The property is worth around 168k My fixed term on the 117k ends in January, I can therefore switch and fix again with my current lender from 1st…
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Mortgage data protection breach
Hello, I was hoping for some advice on a hugely stressful situation my husband and I are currently in. We are first time buyers, we applied to a high street lender for a mortgage, via a broker, they completed their free basic survey, a very ambiguous report was made and we were notified a there was a retention placed on…
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Guarantor mortgage
Hello Just wandering if its possible or such thing is available. My daughter wants a mortgage of her own however her credit rating isn't great to say the least. its on its way up now but very much doubt she'd be accepted for a mortgage as it was in the last 4 years. I on the other hand have an excellent rating with a fair…
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Porting NW Mortgage
We have recently sold our house, were looking to borrow more and port our existing NW mortgage. The extra money is fine, the porting is confusing me. I am going to visit branch at the weekend as tried calling and its useless. Bascially, we are buying a new build which wont be complete until May next year - going to move in…
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Mortgage overpayments
Hi, does anyone have a mortgage with nationwide? Have you been overpaying to reduce your term? Don't rely on mortgage calculator or nationwide advisor! I have overpayed £16,000 and it has only reduced the term by 2yr,9mth! They offered me £200 as way of opology! Waiting for ombudsman to give me their decision! Call…
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Guarantor mortgages
I've tried googling about guarantor mortgages but I haven't found the answer to my question. Please help me settle an argument. A couple have a joint income of £31-33k. They have been gifted a £20k deposit and want to get a mortgage for £180k. They think that getting one set of parents to stand as guarantors will allow…
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Mortgage blacklist
My partner is in debt , he has a DMP plan which he owes around £8000 on for a credit card and 2 loans he defaulted on. Does this mean he would be refused a mortgage or would it just be difficult to find someone who would lend to him? I'm asking as at the moment we live in a shared ownership property which is solely in my…
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Loan for bigger deposit
My wife and i are getting frustrated by the time its taking to save for a house deposit. Plus we're not getting any younger! We have enough for 5% on a reasonable property but obviously a 10% deposit would make things more affordable in the long term. As there are a lot of very low rates being offered on loans at the…
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Mortgage deals
Morning, i am pulling my hair out shopping for mortgages has anyone come across any good deals with lenders?Preferably looking to fix for 5 years need to borrow £92,000 house value is £128,000 Thank you in advance
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Mortgage Dispute with Sister- please help
Where to begin? Roughly 10 years ago I bought a house with my younger sister who was 19 at the time. I earned more then her at the time and it was agreed that i would pay 2/3 of the mortgage and other household bills and she would pay 1/3. We set up a joint account to pay the bills. She still found this a financial strain…
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Lifetime Mortgage
The premise of a a future after taking out a Litetime Mortgage .You will always own your home.Yes but not 100% of its value.The Legal Charge put against your property can reduce that figure by 30-40%.No monthly payments.That means the interest due is added on annually and can double your debt every 14/15 years.No Negative…
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Move my help to buy mortgage
Hi everyone, Me and my partner bought our house for 220k in Dec 2016. I've just changed jobs and now earn alot more money (annoying because we could have bought a bigger house with the Help to Buy scheme!) Our joint income is now around 56k pa. I have spoken to the sales guys at on our new estate and they said that they…
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Help - Mortgage when splitting with partner
Hi, Myself and my partner currently have a mortgage in both names. We are unmarried with no dependants. We have decided to go our separate ways and was wondering what action I can take ref our mortgage. I know my partner will want to stay in the house, though I’m pretty sure he cannot afford to take on the mortgage himself…
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Mortgage help please
We are in our final year of a fixed rate (3.09%) which ends Sept next year. We have 20K on credit cards which we are paying off extra to try and get as much paid off as possible between now and then but realise there will still be a sizeable debt left. We are obviously concerned this will hinder our chances of a good…
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Can i get fee back
We had an offer of a mortgage from Santander, we paid £995 fee. But the house was valued at less than asking price. Due to poor communication and 5 weeks later we have lost the house and want to change lender to try again. Can we have a fee refund. Thanks for any help.
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Help to buy
Hi I'm looking for advice from anyone who has made home improvements while on a help to buy mortgage. According to help to buy this is a breach of terms and you're not allowed to do so? Has anyone gone ahead without permission and was there any implications when you remortgaged? For example a garage conversion or extension.
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Mortgage / divorce advice please
Hi all, Im just looking for some advice please, its not exactly wanted to be writing, but i need some advice, So me and my wife got a joint mortgage and moved in 3 months ago, due to circumstances i do not want to say, as you can imagine its hard enough for me, with 2 children too. But we are basically splitting up. My…
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Mortgage Application Concern
Hello, My partner and I have a mortgage accepted in principle for £190,000. We are looking at a property worth £330,000. We will be putting down a deposit of £150,000. My partner will be the main applicant on the mortgage and has squeaky clean finances but is the lowest earner (£28k). I however, have outstanding debts but…
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Mortgage on high rise building
Hi there, this is one of my first posts but have been reading on here for a while. I've been saving up for a deposit for my first flat for the last couple of years and have finally started looking into getting my first place. I've been looking into some purpose built flats that are about 10 years old but because they are…
