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Benefits and downsides of owning a house outright and 50/50
Hello! My Mum and I are looking to buy a house. We have a choice whether to have both our names on the deeds or to just have me. Does anyone have any advise? What's the good and bad points? The area I know least about would be the legal side of it and the issues which could come about in the future. Any advise would be…
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Anyone with CCJ mortgage advice?
I need some advice. I fell into some bad luck a while back (redundancy and ill health) which meant I couldn’t make my bill payments on my council tax and I ended up with a CCJ which expires in 2020. I already have a flat that I own with an £80k mortgage (bought pre CCJ) but my partner and I want to start a family so we…
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First Time Buyers - 1 Good Credit/1 Bad Credit
Hello, My partner and I are looking to take our first step on the property ladder. Which sounds great except... One of us has a good credit score The other has a poor credit score (Defaulted payment last March, queried with bank as there was payment and got no where. Nevertheless, a big stonking mark on the credit score.)…
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£25k income for BTL - before or after tax??
Hi Looking at a possible BTL mortgage. Certain lenders state must have "a minimum annual income of £25,000" Does anyone know if this means £25k earned before tax or after??
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Santander - Documentation problem (Contract of Employment)
We're in the process of applying for additional lending from Santander. OH has started a new job, and we were asked to provide his 'contract of employment'. All he has is a signed offer letter and accompanying terms of employment. The terms are generalised to anyone on his pay scale so not personalised to his job. We…
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Mortgage Advice Needed!
Hi Guys, I'm after some advice, and wondering if any of you lovely people would be able to help? My Husband and I are looking at buying a new property this year, however the area I would appreciate some advice on is whatever the value of the property, he will be putting half of the value down as the deposit, and taking a…
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Buy to let mortgage advice
Hi we are looking to extend our btl mortgage which is in my husband's name. When we approached NatWest they refused him a mortgage. He also has a joint mortgage with me and a loan. He has no CCJs, been bankrupt or has a credit card. Natwest took the details of the joint mortgage and loan but not my salary. When they…
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Add/remove names on house deed
Hello, I am on a house deed with my mum and I pay the mortgage for it. My mum wants to remove her name from the deed and instead add my 23 year old brother. He will eventually start helping me with the mortgage. Is this transfer possible? And any issues adding a young person to the house deed? Thanks
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remortgage - affordability assessment
Hi! I'm looking for a lender who takes into account child support received (informal agreement, with no court order or CSA/CMO) and who also takes into account annual bonuses or a percent of them. Long term history of both child support and annual bonuses as evidenced by bank statements and P60s. I'm looking to remortgage…
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Nationwide - 2 hard credit checks?
Hi all! As the title explains really. We went through a broker who on the 21st December got us accepted by nationwide but our file showed a hard credit check. Things obviously slowed down over Christmas and our full applications got sent in with all the documents on the 11th January. But now both our credit files show…
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Home equity line of credit in the UK?
I've recently seen a number of videos from people living in the USA taking about replacing your mortgage with what's called a home equity line of credit. It's where your mortgage, bills and everything including your salary gets paid all in and out of one account, saving you years and thousands of interest. I'm wondering if…
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Help... Broker mistake on product transfer and LTV change
Hi all I've got a bit of a problem as my Mortgage Broker (an apparent specialist for Contractors who make mortgages easy ;) ) made a mistake on a product transfer application with the Halifax - the sequence of events are as below: My mortgage consists of 2 sub accounts. 1. Current fixed term comes to an end at the end of…
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Interest free mortgage help...
OK so I am completely naive when it comes to mortgages and houses etc. So was hoping someone here could help me with some advise... OK, so my idea was to possibly get an interest free mortgage on a 1 bed flat of around £90k, putting down £20k deposit, would I possibly be able to rent this out straight away so that the rent…
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Full mortgage offered in 24h??
Hey, Just a question to see if this is common or normal.. Applied for a mortgage with Santander on Wednesday afternoon via a MA. Received an email letting me know they had received it at 15:30. 10:30am the next day I get an email saying the mortgage offer is in the post... called my MA to ensure this wasn’t a mistake and…
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Getting a mortgage while in a Debt Management Plan
Hi, My wife & I are in a Debt management plan and we currently rent. My parents are looking to dispose of some of their estate and have said they will gift us some money but only as a deposit for buying a house. We’ll have 15% to put down. Does anyone have any experience of getting a mortgage while in a DMP? I’m concerned…
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Help needed
I have looked in my house for 10 years I bought the house divorce money from a previous marriage house bAnd all paperwork i.e. mortgage deeds I’m my name only, I’m married seven years ago and have now split up with my husband be in titled to half the house I have two children who are in full time education
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BTL mortgage - first time buyer
Hello, Quick question. Are there any lenders willing and legally allowed to loan a BTL mortgage to a first time buyer? I want to invest my savings into propery (£100k) with a potential small BTL mortgage (up to £100k). I would like to get on the property ladder, but I dont want to settle with a residential mortgage. I work…
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How long to fix?
Hi guys I'm a first time buyer and am looking into mortgages. I have never had any debt or any sort of bad credit. Currently I have cash assets totalling £68,000 and my salary is currently £19,000. I just got a new job 2.5 months ago and am due a pay raise within the next 3 months to £22,000. I'm looking at houses up to…
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Self Employed - What Do I Need To Do To Get A Mortgage?
I was wondering if anyone could give me their insight in what I need to do and where I need to get to in order to get a mortgage. I am self employed and have been for a number of years. This is some info: 2015/2016 -Gross was 23k, Net was 14k 2016/2017 - Gross was 25k Net was 0. This was 0 net because I chose to put all my…
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Mortgage Of £22K
I have the above amount and am on variable rate of 3.89 I need to ask what would I pay in total as have 15 years left on the mortgage another point I had a meeting and re-rate switch and was offer 1.73 for 2 fixed but the amount I will pay is around & 7k more I need to ask why is there a difference as have 22 k left but…
