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Re-mortgage for Home Improvements/Extensions
Hello. Has anyone an opinion on the best way to fund a home extension? Say I have a £110'000 house with a £77'000 mortgage could I re-mortgage and borrow a further £30'000? I'm thinking of a loft conversion. How would the LTV work out baring in mind the house valuation would rise once the work is done. I'm guessing Lenders…
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Remortgaging questions
Hi, I'm considering moving my mortgage from Halifax to HSBC I'm on a fixed rate with one year left from 30 April, so will start the process then as the early repayment charge drops to 2%. My reckoning is that getting a HSBC rate fixed for 5 years will save me a lot more than the ERC in interest, versus Halifax's rates…
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When is the best time to talk to a Broker if planning a future purchase?
I have started my search for a local broker to advise me on my first property purchase. At what point is it most helpful for myself and to help the broker carry out their work, to make an initial appointment with them? The development I am looking at is due to launch in "Summer 2018" with completion for all phases being…
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Straight from Transfer of Equity to Transfer of Mortgaged Property
Hello all, I am new to the forum, although I have used it many-a-time for advice and guidance. I would like anybody's input on my following situation: My father has a buy-to-let property, he is 67 and about to retire, and I am 33 in full-time employment. In October 2017 he did a Transfer of Equity and added me on to the…
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Underwriting process Loughborough building society
Can I ask, we have submitted mortgage application and as it has been sent to underwriters, they requested some info on a loan took out in Oct 17 and that!!!8217;s all, they have now instructed the valuation... is this a good sign? Are we likely to get the mortgage?
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Need to buy wife out
Hi, here's the deal. Split up with wife and looking to get £30,000 to buy her out. The house is a shared ownership house with Orbit and we have £45,000 left on the mortgage where we own 40% Total value of house is around £300k I'm living in the marital home and she's in agreement that I can buy her out. However, we're in a…
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Agreement in Principle? Stressed!
Hi all. So we have put a pending reserve on a new build property for a 75% mortgage (help to buy) and have started looking at getting a DIP from lenders. Our broker who is undertaking the work is confident we will get one, however I have 2 settled defaults, one dating back 6 years (falls off in June for £32) and one for…
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Have Yorkshire Building Society changed criteria re adverse credit
Anyone know if YBS have changed criteria regarding adverse credit in the last few months ? I had an IVA from August 2013 to March 2014. Theres been no new adverse credit since the IVA, and credit cards all sit at £0 YBS were happy to grant me an agreement in principle in December, but straight decline now, in spite of a…
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Mortgage offer with name issue.
Good morning everyone, this is my first post on the forum. I have a mortgage offer with Lloyds and solicitor call me to say that my name on the mortgage offer it’s swapped with the middle name . It’s this a big issue ?? if the full name it’s there and correct spelling . Ex: surname : Ronaldo name : Paul John And the…
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Aldermore - DIP to full application experience
Hi all, Hoping for any sharing of experience with Aldermore, please. Partner and I have had a DIP given from Aldermore and we’re going to start the full application on Monday through our broker. The DIP was given after a manual review due to it referring, so from our understanding this has been checked by a human already.…
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Lloyds Hassle Free Mortgages - opinions?
Any thoughts? As a first time buyer it seems appealing.
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Remortgage
Looking for advice really. My mortgage is due to expire I have tried to remortgage with existing mortgage provider and a couple of others but due to my husband missing a payment and a late payment we keep being denied. I am now worried as our mortgage is going up by £200 and not sure we will afford this. Any…
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Mortgage Shortfall
Hi, I am 53 in June, my mortgage ends in June 2019. However, Because of having part of my mortgage on an endowment I will have a £37,000. I will have to work until 66 anyway but should I start looking for a new mortgage this year or next? I don't have a very good credit rating so I'm worried I might not even get a new…
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Advice First Direct existing customer remortgage
My five year fix is up with first direct in mid October. Ive been doing my best to streamline my finances last couple of months to be in the best position for this but they look quite messy de to lots of moving money around (and odd bit of matched betting in other non first direct bank account) I was planning on finding a…
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Remortgage advice needed
Hi. I have a mortgage with Nationwide of which the 5 year fixed rate is due to finish at the end of December 2018. During the last 4 years I have topped up my mortgage 3 times. It wasn't until the last time i did this in 2017 that I found out I was in fact taking out new mortgages each time - my stupidity thought i was…
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Looking for info on people who have secured a precise mortgage
Hello all, I’m just Looking for some information on people with adverse credit who have been accepted for a mortgage if you wouldn’t mind sharing some info so I have an idea on if I could be accepted and at what rate... me and my partner are looking to get a mortgage next March/April time but I currently have the following…
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Right time to place an offer on a property
Hi All, I am planning to move to a new house and there is one I have shortlisted, but unsure when it is right time to place the offer. Below is my situation. 1. To buy the new property, I need to remortgage my existing property and release some equity from it and change it to buy-to-let. 2. My existing property mortgage is…
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Stuck with my mortgage product !!
Hi, I was hoping for some advice please ? I originally took out a 110% mortgage in 2001 with Northern Rock however following their collapse my mortgage was taken on by NRAM and more recently by Whistletree. I am now left with a property which is in negative equity therefore I have been forced to rent it out which comes…
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Help to Buy-joint deposit, single application
Hi all I'm hoping for some advice. I am planning on buying a house through help to buy within the next 3 to 4 months. I am married but he is a foreign national on a spouse visa, and as far as I am aware he wouldn't be eligible for help to buy. My question is whether I would be able to apply alone, but use savings for a…
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Worried and 50
I have a mortgage outstanding of 131000 which is due in 11 years. I got in to financial difficulty and went with step change and that finishes next March. I have only been paying the interest on the mortgage so far and could not afford to save anything for the balance due. My question is would I get another mortgage in two…
