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Secured loan/or Mortgage
I live in a shared ownership property. I purchased 50% of the property outright. The purchase value was £90,000, three years ago. The other 50% of the property is owned by the council. I am unsure if I am able to take out a secured loan on the half of the property I own. I have applied to purchase the other half and am…
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Add to mortgage? Home loan? HELP
Hi... So My partner and I are thinking of putting an offer in on a ‘project house’ we are both FTB living with parents. The home reprt value is £70k but the house needs gutted. We have our AIP and a 15% plus deposit. In reality the house needs ripped apart and we are aware of the time/effort and money this requires. My…
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Halifax newbuild incentive limit?
Hi, Does anyone know the incentive limit accepted by Halifax? I have been offered £6k incentive by Taylor Wimpey such as carpets, tilings, upgraded kitchen etc. I obviously need more upgrades and price reduction. Before I negotiate with TW, I need to ensure I don't go above the incentive limit. I'm a first-time buyer using…
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Remortgage with CC Debt
Hi, I was on a 2 year fixed which ends at the end of June, we have about 20k in CC debt, payments are interest free and paying just over £400 a month off in total. Is this likely to cause me an issue getting a remortgage? LTV is about 85% TIA
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Shared Ownership and owning a property abroad
Hi everyone, I hope someone can help with a question related to shared ownership. My partner has a 25% share in a shared ownership flat. We are not thinking of staircasing together. If we want to staircase to anything below 100% the housing association needs me to sign a declaration I do no own any property abroad. The…
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MSE best-buy results
We're currently in the delightful game of narrowed down potential houses we like and offering on them and have already checked the MSE tool with various figures to check affordability, but am wondering about the extent of the results. We're in touch with a recommended local broker who charges £200 but are yet to get them…
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Am I a First Time Buyer
As a newly divorced woman I am now in the process of buying a property for myself. My ex husband and I had a commercial mortgage (on an equestrian property) am I now classed as a first time buyer for a residential mortgage ?
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Gifting equity for friends to purchase my BTL
Hello, I've had a BTL property for the last 3 years to which I have been renting to very good friends of mine but I now want to sell. The house is currently worth est. £140,000 and the mortgage outstanding is £82,000 (58.5% LTV). The lenders terms state a minimum of 70% LTV. My friends really want to buy the house but…
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Remortage offers that last 6 months
We are currently on a deal with nationwide that expires 31 July and they will only allow us to book a new deal 3 month before it expires. Can anyone advise which lenders allow you to lock in a deal 6 months in advance please? Thanks.
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Broker question
Buying a new build 50% LTV with helptobuy equity loan but my partner only has one years accounts. Should I go with a specialist broker or will L & C be ok?
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Gifted deposit from overseas?
Looking for some advice on a mortgage application. My wife and I have an agreement in principle from natwest for a 60% LTV residential mortgage (joint application). I have a large amount of the deposit in my savings which I have built up over the last 10 years (£40,000). My wife has the remaining amount (£20,000) in her…
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Mortgage Offers as insurance against rate rises?
Hi, I'm hoping you can help. We are currently on a tracker (1.74%) that I can leave fee free anytime and with all the talk of rate rises in May and Nov (and Brexit) I want to get on a 10 year fix. Unfortunately my partner is on stat mat leave and the £110 pm difference between the repayments is coming in handy at the…
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MSE News: Due to remortgage? Act now as rates...
If you're considering getting a fixed mortgage deal you need to act quickly as rates are expected to rise in the coming months, mortgage experts are warning...Read the full story: 'Due to remortgage? Act now as rates are predicted to rise' Click reply below to discuss. If you haven’t already, join the forum to reply.
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Partially gifted deposit
Just looking for some advise (again) So last night we found out our mortgage offer fell 43k short of the asking price of our house. After 2 months of back and forth this was a pretty big blow for us. So my dad came to see me about it all and kindly offered to gift us the £43k we are short by. This would be done via him…
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Becoming a mortgage broker
Hi, hope I’m in the right place for some career advice - I thought there might be some existing brokers on here who could point me in the right direction! I’m at a bit of a cross roads in my career, with a bit of money (only 3-4 grand) that I’m wanting to use to start my own business. I’m fully cemap qualified and was a…
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Mis sold endowment
Is it too late to see if I was mis sold an endowment? It was sold to us in 1996/1997 and we were told we could alter the monthly premiums whenever we wanted When we came to needing to alter them we were told we could not We ended up selling house after 7 years and cashing it in as it was under achieving and not what we…
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Am I missing something blindingly obvious?
Sorry for the lengthy post! I've just had an appointment with a mortgage advisor tonight and am awaiting his results. Whilst waiting I have decided to take a look on line tonight and just see what roughly is out there. I have looked only at Santander's website so I know these aren't guaranteed figures for me, but could…
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Completion Statement wrong?
Hi all, We have completed our re mortgage and we got our completion statement and where it says mortgage advance it says £92,975.00 where's we agreed £93,000.00 with Tesco at the outset. I know it's not a massive amount but why is it wrong or is it??
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Sorry, another "what are the chances?" question..
So yes sorry, I know that there are a lot of these but this is our situation. We currently own our own (mortgaged) home. Current value is £275,000 ish and current mortgage balance is £115,000. We were in a pickle 2/3 years ago and missed some payments, but we are now up to date and no late payments in last 2 years. The…
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Transfer of mortage but not deed
My daughter and her ex have split up, he can not afford to buy her out nor she him. As a gesture of good will we discussed with him that if we came to an arrangement of a settlement figure and the lender agreed we would transfer onto the existing mortgage with her and the title of deed as there was only about £22,000…
