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Mortgages & endowments

Archives for January 2018

First time buyer unsure of diff. mortgage benefits
Hi everybody, I've saved 30.000 pounds and would like to invest the money in property. I'll be leaving the UK at the end of the year so will look to get a regular mortgage as I'll be living in the property for a good six or seven months before leaving, and from what I've read changing circumstances in this way doesn't…
mortgage protection with cohabiting
My fianc! and I have been together for four years. In this time I've been trying to get my credit score better due to several mistakes made when I was in uni. My credit score is still quite poor and I'm pretty certain I won't be able to get a joint mortgage with him. He's just been given a lot of money and we'd both like…
Help to buy Mortgage
In November 2013 we took out a help to buy mortgage on a new build property, we were not first time buyers. The property price was £325000 and we paid a 5% deposit and had a help to buy arrangement for 20% of the property price. This was interest free for 5 yrs and then will move to a 1% loan after year 5. Our 5yr mortgage…
Unspent conviction - any chance of a mortgage
Hi, I volunteer at a financial advice charity on weekends and one of our clients was in prison until 2 years ago. The conviction is unspent and unrelated to any financial fraud, etc. He now has had a steady job in city for almost 2 years. Is there any chance of him getting a mortgage through a broker or does he just have…
Advise: Agreed Sale before a court order is placed
Advise needed if possible - Sorry if it is the wrong board. Basically after a awful awful year with lose of jobs for both myself and my partner - We have fallen behind on our mortage - Although i am not named on the deeds, as they house was brought between my partner and his bother. We had a debt management lady come round…
Mortgage / Agreement in Principle Confusion?
I got an Agreement in Principle from Halifax, however, I've been advised to see an independent broker to see if I can find a better mortgage. The Halifax agreement has now expired. I just wondered, is it worth me forking out the fees to see a broker now as the AiP is said to be valid for 90 days? It's very unlikely I'll…
Barclays mortgage time scale
Hi guys, Email received from the broker saying that Barclays have received our documents and are being reviewed by the underwriters. Have sent the declaration off too. How long until we hear back to see if we have an offer or not? I'd ask my broker but they're closed now and i'm itching to know!
Lifetime Lease
Hi there, My aunt is looking to purchase a lifetime lease on a property, releasing some of the funds from her house sale to invest to pay a small income whilst also maintaining security of tenure until she dies in her chosen property. It maximises her monthly income whilst only costing a portion of her capital, unlike an…
Multiple Mortgage Brokers
Hello, We've recently had a meeting with an independent mortgage broker and he gave us some initial rates and said we could go house shopping. He then said to give him a call or drop him an e-mail if we found somewhere and he could then work on some numbers to see if he could get us the amount we needed. We went to see…
Mortgage for Junior Doctor
Daughter owns her own house worth around £160k and has bought by borrowing money from us with a debt now of around £80k. As she's now working as an F1, it makes sense for her to (re)mortage in her own right and pay us back. Any recommendations for companies that understand the nature of Junior Doctors' contracts? She's…
Family Buy-To-Let
Been sent a link to a family buy to let product from The Mansfield building society. Anyone have any ideas how, if you're not making any actual profit, owning a second property "rented" to a family member affects your tax liability for that property? Could be a real problem solver for us and my mum. Thanks in Advance!…
Mortgage or Loan?
Hi folks, Long term moocher, first time posting. I would be grateful for some advise/experience. My partner and I have a 9 year Base Mortgage Rate of £40k, currently at 2.5%. We have £10k spare savings, are out of any fixed term and have £0 Early Repayment Charge. My question; Is it worth paying off our mortgage by getting…
New build property valued at less????
Hi So as some of you may know we are in the 5th week of getting a mortgage through nationwide due to our brokers not being very competent in sending the documents in at the correct time. Anyway, we are so close to getting the offer that we got told it would be today. But I rang on Friday and they said the valuation was…
Mortgage Adviser job interview
Hi all, I'm newly CeMAP qualified and work in a telephony customer service role at a large retail bank. I have an interview for mortgage adviser at TSB (not the bank I work for) in a few days. It's competency based which I'm familiar with however there is also a role play element. I've been told the hiring manager knows my…
Banks are not always right!
We have seen since the time of “the crash” that our once respected banks are NOT always right. Indeed, not even honest, within banking codes of practice or even the law. We have seen this with PPI, LIBOR manipulation and with Arrears Management and “auto-capitalization”. Who knows what other horrors still lay undiscovered…
Complicated first time buyer / right to acquire
Hi everyone. I am currently living in housing association house been here 5 years and started the right to acquire process. Upto the stage of awaiting a formal offer now. I'm assuming the price is going to be in the region of £70000 and off that I'll get a £9000 discount. I am hoping to apply for a mortgage in july by…
Appealing a morgage decision from Halifax
Hello, I need a bit of advice if possible. Also thought it would be good for anyone who is a first time buyer in the same position. Looking to buy on help to buy on a new build with a 5% deposit and standard 20% deposit from the government. We got AIP from Halifax for 213000, the house is worth 124000 so the morgage is…
Buying Parents House
Hi, I am looking some advice about me buying my parents house from.them. My parents took an interest only mortgage out 10years ago which comes to an end in Nov and they have no means of paying it off only to sell, house is worth 180k remaining mortgage 135k so after fees and other debts to be paid they would only have…
Mortgage help needed
Hello all, I’ve come here to get some advice. I’m looking to get a mortgage. Now I’ve had some issues and always found it hard to get credit it the past. This is due to me and the wife been very silly in the past. We are now looking to pay off all our debts (we have started, but only just) we both have an above average…
Self-employed income and mortgage
Hello - new to the forum. My husband and I are trying to get a remortgage but my self-employment status is becoming a problem. It seems they calculate using my Net Profit - which of course is 'tough on self-employed' as Martin Lewis' mortgage guidebook says. So obviously in previous years I've legitimately claimed my…

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