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Help with a family home & first time buyer
I have recently bought my first property (this month) and have some additional money set aside for an investment property. However a family member is likely to have their home repossessed as they owe 30K and can't pay. As they don't want to move I am looking at buying the house for the amount owed and agreeing they can…
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Agreement/Decision in Principle
Hi all My partner and I are starting our search for our first him together. We haven’t yet been to see a mortgage advisor etc but have gotten an agreement in principle online from a bank. My question is, how accurate are these online and do they take into consideration your credit history etc.. are they a good indication?
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Mortgage question....
Hi guys This might sound like a really stupid question.... So we got our first mortgage 5 years back for £146k. Over the years we paid some of it off and it's now at £133k. We are now selling and buying a new house. Porting the £133k and borrowing an additional £120k. Mortgage offer says... they will give 133k and 120k for…
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Equity release to pay off debts
Hi all Myself and my wife have been pretty sensible and clever to date with finances and looking to extend out out mortgage, release some money to consolidate some debts We bought our house for 180k 6 years ago, 10% ltv and since then remotaged twice (fixed) and kept our payments nearly the same each time. Our house is now…
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Nationwide mortgage
Hi. Received a text from nationwide today saying they have sent us a mortgage offer. Just wondering if anybody knows if they will run a credit check before completion. Told the broker we are using about a £5000 loan we have. As it's a new loan it wasn't showing on my credit report last month, but is now. I'm assuming that…
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CML 6 Months Rule and Reposession Properties
Hi All, First time poster - I'm hoping for a little advice. I have just purchased a property for cash and was hoping to port my mortgage from my previous property (which is the process of being sold). My lender is telling me that they will not allow me to port the mortgage because the property I have just purchased was a…
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Buying second property
We have our own mortgage free home value 340k. We have viewed a property in our area which will be perfect for retirement 250k but not for the next few years as waiting for the last dependant to fly the nest. Due to location it will make a perfect holiday let. Do we raise the money on our current home or do we need a buy…
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Recovering Monies from Interest Only Mortgages??
Judging by the adverts on Social Media...Solicitors are bored with PPI AND NOW want to tackle repayments on Interest Only Mortgages. What do you think their chances are of recovering them please?? :T
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Repaired PRC - Remortgage
Our house is a 'repaired' former PRC Semi-detached 'Cornish Unit'. We've lived in it for about 4 1/2 years and will be coming to the end of our 5 year fix with Santander in the summer. Wanting to get ahead of any potential rate rises, and wanting some cash to fund a new kitchen, we spoke to our current bank (Natwest) about…
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Are there still mortgage IFAs?
I've recently spoken to a mortgage advisor about my mortgage. During the conversation he mentioned that they can no longer be called "Independent Financial Advisors" because they can't advise on the whole market for mortgages due to not all lenders allowing their products to be sold via third party advisors. Is this…
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2nd charge mortgage application
Probably more of a rant than an actual question, but here it goes So recently I applied for a secured loan, the lender (paragon) took its time making a decision, at the final moment (around christmas) they decided they wanted more information, including a second look at my passport and a copy of every page on my passport…
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Stride Up
Hi Came across this company today I have a call with them later today to get some further information, but just wondered if anyone else ahs dealt with them ? https://www.strideup.co/howitworks Thanks
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Consolidate or keep on credit card?
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Mortgage not working but benefits and maintenance
Looking for some advice please. I'm in the process of separation from my son's dad. We arent married and the house is mine. I'd like to downside but unsure if is get a mortgage as I'm a stay at home mom. As of next month I will have the following income: 600 a month child maintenance 74 week income support 20.80 week…
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How to get back onto the property ladder sooner?
Hi everyone, My partner and I are currently living with parents and our 19 mo son. As grateful as I am to be able to do this, I need to be living with my family in our own home. We wasn't able to start saving before now as I was going through a very costly, long divorce. We are looking to get our own place soon but saving…
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Switching job before mortgage application?
I’m currently employed (PAYE) and have been with the same company for nearly 5 years. My girlfriend and I are currently saving for a mortgage and we should realistically have enough for a deposit in 12-18 months time. The dilemma I face is my current wage is pretty low because I get other benefits like company van, fuel,…
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Lifetime tracker at 0.5% above base rate
Hi all, I have a large portion of my mortgage on a lifetime tracker at 0.5% above base rate. Given that interest rates are likely to continue rising (albeit from a low level), would it be worth sticking to this tracker or should I start to brace myself? There are 18yrs left on my mortgage. Thanks
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Our Broker Screwed Up...
Morning all, I'm just looking for some / if at all any reassurances! We applied for an DIP through a Broker (which I won't name) with "Bank" in February for a 5% deposit and 20% HTB... Bank accepted us on the basis that we cough up an extra 3% which we've since found. Everything moves forward nicely, we reserve our plot -…
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Mortgage Lenders for Temporary Occupation Certi
Cut a long story short we self built are home to partial completion stage (given a temp occupation cert by the council). Basically all that's left to do is the garage and some ground works. We live in the home, it's fully furnished etc and worth about 395k. We built it entirely on savings, loans from family's and friends.…
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Offer Accepted, Estate agent complicating things
Hi Please help with this situation, So I went to view a property over the weekend and wanted to put in an offer, the estate agent asked me to do an affordability check which I did, but informed them I had been speaking to a broker. During the process they informed me that the vendor is using their full services to sell the…
