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Mortgage solely in husband's name.
My husband and I will shortly be purchasing a house. To save on stamp duty and use a help to buy isa we're going to put the house and mortgage purely in his name. This is mostly because I have previously owned a property. We know this means my income won't be taken into account which is fine. I'll be providing half the…
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Can anyone recommend any good mortgage brokers ?
I posted on here A short while ago asking if there are lenders out there who would give me a mortgage if I only had around a months worth of payslips due to me not being in my current job very long and the answer was yes. However I wanted to also find out if there is any lender who: would lend to someone with a lack of…
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Redemption Statement
Hi all. I'm going through a remortgage which is supposed to complete early January. Started the process back in September with everything going smoothly up until it came to receiving a redemption statement which I have been waiting for since September. Using Breeze and Wyles and the LMS system for the conveyancing. Called…
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Separating from wife - buying out options
Hi there, Sadly my wife and I have decided to separate. We have a mortgage together and, unfortunately, signed a 5 year fixed deal with Santander 18 months ago (seemed a great idea at the time, but not so now). What we'd both like is for me to buy her share of the house out, and me take on the mortgage. However, having…
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Affordability - Monthly Spend on Holidays
Applied for a Santander mortgage today via a broker. In the affordability section (monthly spend on food etc) the broker said that Santander use national avergaes to fill this in. Food was £700, Bills £300. But the holiday spend was £0. I just accepted this and didn't think twice and submitted. Is it bad that this is £0…
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Let’s hope LBTT gets scrapped on the 14th for First Time Buyers in Scotland
Well folks, let’s hope Scotland follows suit and scraps the LBTT for fist time buyers on the 14th (Scottish Budget) I am so hoping Nicola Sturgeon decides to listen and follow on from Ruth’s blistering comments that the housing market has slowed down ever since it was introduced I messaged Nicola on Twitter but never had a…
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Government mortgage help scheme confusion
Could anyone please clarify the slight confusion I have with the government mortgage help scheme? I was reading up on it and it said: If I can find my 5% deposit, then the government will loan me a further 20% towards my deposit. My confusion is how I would have to repay their loan? Would I have to start making monthly…
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Mortgage Refused - What Next?
Hi Everyone, My partner and I recently went to a financial advisor because I had a recently been offered a promotion at work and it seemed like a good time to start looking to buy our first home. We approached a financial advisor because we didn't want to mess anything up given that we haven't done this type of thing…
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Is your bank allowed to change your interest only mortgage term?
I have had an interest only mortgage with the Bank of Scotland for the last 13 years and have done a couple of product transfers during that time so as not to have to go through the full remortage process. I have only just noticed on my annual statement, that when I did the last one 2 years ago, they reduced the term of my…
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2 applicants can borrow less?
I've just looked at the "how much can I borrow" calculator on this site and popped in mine and my partners details. The calculator suggested I would get a larger mortgage on my own than with my partner. I work full time and my other half, taking on more childcare responsibilities, earns a part time wage but I figured that…
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Is it normally this quick with Nationwide
Our fixed rate is up in March with Halifax. Hoping to switch to Nationwide and we applied this afternoon (about 3 hours ago!) via our broker. Just had a text from Nationwide saying "We're pleased to let you know we've issued a mortgage offer" All seems a bit rapid, is it normally that quick? I presume they've just valued…
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Second stage underwriting
Hi All, Can anyone advise what second stage underwriting would involve? I'm trying to remortgage on my own following a split and was told today it has passed first stage underwriting and now onto the next stage. The application is with First Trust Bank.
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Stamp duty
Hi, I have read under the new budget that the stamp duty is abolished up to 300k for first time buyer My question is i have a property to sell and my gf is a first time buyer. Therefore i am not but she is I cant find anything on google to say wether because she is a first time buyer that we can avoid stamp duty costs Does…
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remortgage options with debt
Hi Our current mortgage deal runs out at the end of the year. We are looking for a new deal and it seems that our options are very limited due to the presence of outstanding credit card debts, currently standing at £23k: The two options are: Remortgaging with our current supplier (170k, with about 60k on interest only, the…
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Lifetime mortgage
I am 68 years old, I have a £70K interest only mortgage due in about 16 months time, the property being approximately valued at around £120K at present Having investigated the rules etc, I cannot get any form of equity release for one reason or another and there does not seem to be any other options open to me than to be…
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Paperless bills and statements a problem?
Hi everyone Some of my bills are paperless (discounts), and I'm tempted to go paperless with bank statements for easiness really Would a mortgage lender accept pdfs? Or printouts of bills? I believe I could request a printed bank statement, would this count as an 'original' document? Also my passport's expired (still have…
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Stamp duty on shared ownership
I bought my first home in April this year. However, it was a shared ownership property, and i was able to afford 65% of it. The total price of the property was £295,000, meaning my 65% share was bought for £191,750. On that price, my Stamp Duty cost came to £1,335. Had i opted to pay the entire stamp duty bill for 100% of…
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Can we borrow cash on top of mortgage?
Hello! Currently house hunting as a first time buying and finding it all very stressful. BUT it’s all part of the experience I guess. Haha. Just a quick question.... When we take out a mortgage, can we borrow a lump sum of cash in addition so that we may spruce the place up? For example, we are interested in a house that…
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Fixed rate mortgages that allow you to move home without penalties
Hi, My current fixed rate mortgage will end soon. It's a lot cheaper to get a fixed rather than variable but I want to sell my house and buy another next Summer. Most fixed rates have penalties of 1 to 3% if you redeem the mortgage in the first year which means I'd just as well get a variable. Does anyone know how I can…
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Deposit for house.. can it affect my mortgage?
Hi there, I am in the process of just going to reserve a plot on a new build that has become available. Using the Help To Buy the deposit I need to pay is £11,250. Around 6 months ago once I had saved £4000 I transferred this to a family member for her to keep safe for me (so I wasn’t tempted to dip into it) and I now need…
