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Being added to a mortgage question
I have an existing mortgage of my own and my partner and I are considering adding me to hers. What are the implications for my existing mortgage? i.e what do I need to tell my existing lender since my guess is that my primary home would be changing. Do they even need to be told? Thanks
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Moving in to new home 2-4 days before completion on old one- how?
Hi I want to move into our new home 2-4 days prior to completion on the sale of our current property for various reasons. The money we are being paid for our home will be lodged with our solicitor 5 days before completion but obviously is not accessible by us until completion. How could this be achieved simply and cheaply?…
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Chances of a mortgage with credit card and loans?
I am writing for some advice from the lovely mortgage brokers/advisors on the site and also perhaps from people who have been in a similar position. *Boyfriend and I are looking to get on the property ladder. *He has £25,000 saved for a deposit. Mortgage would be in both of our names. *We are in the South East in a county…
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Redemption value vs balance
Hi, My remortgage is due to complete today, this is the first time we've done this so I am not all that familiar with the process. My query is if I log on to my mortgage account the balance shows £101462 but the redemption figure is £102056. Why is there such a big difference? My repayments on the soon to be finished…
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Change jobs after mortgage offer but before exchange of contracts
Hi Me and my partner have been offered a mortgage on Shared ownership, and we are just waiting for the legal side of things to be completed before we move in. However my partner has a potential new job opportunity, the salary will increase also. Do we need to tell our housing association and mortgage company if the job is…
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Can anyone help me with sums for ending a fixed mortgage deal early?
Hello! I have 2 years left on my fixed deal. Currently at 3.01%. About £470 per month. Length of term left is 22years. Remaining loan £89500 House value £123000 ERC £2000 I want to get a new 2year fix at 1.34% (+£999 fees) for 22years, loan to apply for £91500. Monthly repayment about £400 ( the idea would be to overpay…
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Am I a first time buyer?
Hi Everyone I have a problem and I need some help. My partner and I were hoping to take advantage of lower stamp duty for FTBs. Unfortunately her father had 'some problems with the government' when she was 18 (now 33) and bought a 2nd mountain home in France (she is French) in her name and had her sign for it. She has…
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Mortgage Application- (Awaiting for the offer)
Hello, Let me tell you about my partner and I’s situation. We are both first time buyers and in our early twenties. We decided to go for a share ownership property as our combined income doesn’t allowed us to go for a full value property. Here is a bit of background about us, I’m from Spain and I have only lived in the UK…
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Porting a mortgage and equity
I am looking to port my existing mortgage to a new property and have a query regarding the equity within my current home. Existing mortgage - £120,000 Exisitng property valuation - £130,000 Outstanding balance on mortgage - £92,000 New property cost - £270,000 My question is, would it be possible to port my existing…
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Filing company accounts for share of freehold
Hi, My neighbour and i bought a share of freehold last year. We set up a company to own the freehold. We are the only owners, do not have any ground rent or maintenance the company just owns the freehold. I understand we need to file accounts with companies house and cannot do that as a dormant company because of the…
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Estate Agent pushing solicitor
Hi, This is my first post on this board, which I'll try to make as brief as possible. My husband and I were not looking to buy a house at all, until my mother unexpectedly put her property on the market and was offered asking price within the space of a week in October last year! We were suddenly then given the option of…
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Mortgage help?
Hi all, I have recently been declined a mortgage from my high street bank after it went to the underwriters I was just wondering what impact this is now going to have on me since a hard check has been done on my file am I still able to apply with a different lender without them getting cold feet? Thanks
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Short on deposit
I've just exchanged contracts on a house however I have had to spend £1500 of my £80000 deposit on repairs and tools to my van as it was broken into, leaving me with £78500 in my deposit. Would I be able to transfer cash from my credit card to my bank account and use that towards the deposit to make the full £80000 as per…
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Shared ownership extra borrowing
Hi We currently have a 50% share worth £165k our mortgage is £78k and we have £30k in debt so we wanted to borrow on our mortgage to clear the debt. We had this agreed with Leeds until we all realised our lease doesn’t contain a mortgagee protection clause. We can’t find an alternative but I can’t believe there is nothing…
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Residential Mortgage
Good evening. Ive been reading throughthe forum and i think residential is what i'm after. I'm looking at buying a property for 60k. I own one home outright through the right to buy scheme that my mum lives in. Im currently living in a rented house. However, ive been self employed 3 years and my second years tax return was…
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Nationwide-mortgage affordability calculator
On nationwides website they have a few calculators, one being a affordability calculator, was this put a mark against my credit score?
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Dependants
Hi All, For the purpose of Mortgage, is a non working spouse considered dependant even if I am not paying any official maintenance just covering the household costs and bills.
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Borrowing more than mortgage value?
Hi guys, So basically my dad owns half his house and the other half is housing association. We get on very well so the Mrs and I have been chatting to him about buying the other half and living there. What I wondered is 2 things.. 1 - Would his half ownership, being fully paid off, count as deposit. 2 - Would I be able to…
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Need help regarding mortgage with bad credit ASAP please.
hello all! Me and my partner have a 2 year old daughter and have been renting a property for the last 4 years. I am on £28500 and her on £13500. To make this as quick as possible ill try and cut to the chase. I have had bad credit in the past and I'm currently trying to build it back up. I have my Experian credit report…
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Mortgage Declined - Broker
So, i have been looking at a home a new build from harron homes. They have told us we have to use there broker to start with to get a decision in principle but can use our own bank etc if needs be. So the broker rang and told us that our mortgage has been declined and Halifax have said they wouldn't even lend us 10k. Our…
