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Buy to Let Military
We began remortgaging Jan 2016 and completed 7 March 2016. We were directed into a Buy to Let mortgage, as we Rent out that property. We chose a 5 yr fixed rate. My husband is Military. Here is my question: I have recently been told the military covenant agreed with the banks/building societies Jan 16 that military…
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Yorkshire Building Society - accuracy of calculator
Does anyone have a mortgage with Yorkshire Building Society, and if so, how accurate is their online borrowing calculator? Reason I ask is that the amount they may be willing to lend is extortionately higher than what others appear to be willing to lend. (e.g. most lenders are around 220k-270k but YBS seems to be closer to…
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Mortgage depression!
Hi Reposting as got wrong board! Recently got some mortgage advice through my union and it is depressing to say the least. They are saying that with our joint commitments we could only get £50,000 at best which is clearly neither use nor ornament where we live, even for shared ownership. I have a good job and my partner…
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Flying freeholds - How much of a problem
house I am buying has a flying freehold. bedroom that overhangs, approx 8 percent. Do mortgage companies often say no to this ? I am trying with natwest. I read that some mortgages will not accept an indemnity insurance policy. can anyone shed any light of possible problems etc
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Savings standing order and affordability
Hi, So I am currently looking at moving Home and taking out a new mortgage. I have been checking quite a few of the online affordability calculators that the different lenders have and a lot ask me to specify any committed monthly spending. One thing I am not sure whether I need to include is my monthly standing order for…
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Additional borrowing on my mortgage followed by new mortgage
Hi, I have a question which seems to be difficult to answer. I currently have a loan which appears to be getting in the way of how much I could borrow on a mortgage. Me and my wife would like to move Home at some point this year but the loan is ongoing for another 4 years. We have enough equity in our property to use it as…
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Remortgaging with first time buyer
Hi all, I already have a mortgage on my own home but recently got married, my wife has never had a mortgage and we wondered wether or not she could still use her help to buy isa and be entitled to first time buyers mortgages if we to remortgage my home but with her name on it now also? I hope that makes sense Many thanks
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Springboard mortgage -what are our chances?
We have an appointment with Barclays to discuss a springboard mortgage next week but I have some concerns. Until recently I had debts of around 7000. I won 2000 just before Xmas and paid off some debts. I was then given a further 1000 to pay some more. Remaining I have a 2000 overdraft and a few credit cards. I missed a…
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earning british pounds abroad living in UK
Hello there members, I'm hoping someone on this forum can shed some light for me. Long story short: A) I have a seller in Brazil that wants to sell me aviation airplane parts (light aircraft) B) I have a buyer in Northern Cyprus (recognised only by Turkey) that wants to buy the parts from me. 1) I live in the UK and will…
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Tracker mortgage with short initial rate
Hey I'm looking to get a tracker mortgage for a new house purchase (borrowing 140k against a 320k) house. I'm planning to set the duration quite long (around 30 years) to keep the monthly obligated payment low, but in reality will most likely be overpaying a lot paying it off in around 6 years (I just don't want to commit…
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Re-mortgaging - Restriction on Title
Hello, hope someone with knowledge can help! Trying to remortgage with another lender after our current fixed rate deal came to an end. All was progressing nicely when we came to a halt over a restriction on our title. Other Half and I own as Tenants in Common in unequal shares 75/25 - the restriction is this: "No…
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Separation and charging order on property
I split up with my husband in May 2017 after being together for 18 years. We have a joint mortgage. When he left I stayed in the house with our 3 children and he rents a house elsewhere. I wanted his name removed from the mortgage as quickly as possible but he then dropped the bombshell that he has a charging order on the…
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Mortgage with Partner who has unsatisfied CCJ
Hi all, I wonder if you can help me & my partner with some advice. Situation as follows: Myself (29yo) & Wife (28yo) are looking to buy a house together. My credit score is good and I've never had a default, CCJ or anything adverse on my credit history. I also have a mortgage solely in my name which I've paid over the last…
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Shorten Term or Take Lower payments
Afternoon, Hopefully a relatively simple one to answer. Current payments on a 2 yr fixed ending in April2018 are £605pm Can look to get a new deal with same lender for £480pm on the same term, or shorten term by 3 years and pay around £600 again. What would you do? If I reduce the term, whilst the payments are manageable…
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Divorce and remortgaging
Hi Am looking to get divorced and buying other half out but credit card debt of £12.5k making this difficult. Only have £20k left to pay on current mortgage and will need to pay other half around £45k. House worth around £110k. Does anyone know of any lenders who will let you add credit card debt onto remortgage as well as…
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How do they work out overtime when applying for a mortgage?
My partner does overtime at work, I know that some don’t take into account overtime and if they do it’s usually a % but I’m wondering how they will work out how much to take into account when applying for a mortgage? Some months he will do £50 worth and others can be £300 do they just take into account X amount of months…
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missold policy
can anyone help? I have a endowment policy which was to protect my mortgage but I have been told that I have no claim for misselling the policy because the mortgage and the policy where sold through an insurance broker on behalf of nationwide . is this right?
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Help To Buy Equity Loans - Will They Lend Me 20%?
I am interested in getting a Help To Buy Equity Loan where you borrow up to 20% of the property value and don't pay any interest for 5 years. I am saving towards a house at the minute. By the time I come to move I am likely to have around 15-20% of the property value saved up towards my deposit. If I apply for a HTB equity…
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Mortgage for a director using company profit as income
Hi does any one know if any “Story Book” lenders who will take the time to understand your personal circumstances and have an actual human being looking at mortgage applications (rather than “computer says no!”) I’m desperately looking for a lender who will take my measly Director salary plus retained company profits as my…
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Bank Statements
What do underwriters look for in Bank statements .... I am a it worried because over Xmas my mother was transferring money to me to buy presents online for her! she 72 and does not have computer.
