-
Transfer of title question
Hi, I have been approved by my lender for a transfer of title (to remove my ex husband from the mortgage) and have received the offer letter. My solicitor was saying that this is a "remortgage" is that the case? The offer says "transfer of title". The term/payments etc are staying the same as I am currently in a fixed…
-
Difficult decision
My mortgage fixed rate is coming to an end so need to decide what to do. Property value: £330,000 Owe: £205,000 My current lender (Lloyds) will allow me to sign up to a new deal May 1st but if I want to go elsewhere I have to wait until July 31st (unless I want to pay redemption penalties) . The dilemma I have is that…
-
Salary Slips
Hi Everyone. Apologies if this is already covered in a similar thread. I did look but couldn't see a specific one to match. I'm going through a divorce and have just returned to work, getting my first payslip on the 27th. It's permanent work on a good salary. When the house I'm in is sold, I'll have about £80k deposit and…
-
Barclays Springboard Mortgage
Im looking into using this 100% mortgage but would like anyones feed back on how much it cost them to do and what the process is. Also just wanting to make sure its not just an example they use but the mortgage repayment is worked out from a repayment of 23 years? After the 3 years fixed rate can i change mortgage to a…
-
To Mortgage Broker or not Mortgage Broker
Hello I'm after a little advice. I shall attempt to keep it short. Our Mortgage deal has ended I have a friend who used to be an independent financial adviser. I asked him if he's still doing it. No! But he referred me to someone else. I was told to find the best deals and then this guy would see if he could find better. I…
-
To Mortgage Broker or not Mortgage Broker
Hello I'm after a little advice. I shall attempt to keep it short. Our Mortgage deal has ended I have a friend who used to be an independent financial adviser. I asked him if he's still doing it. No! But he referred me to someone else. I was told to find the best deals and then this guy would see if he could find better. I…
-
Buying a family property
Hi, help please. Looking at buying my grandmas house. She has not yet passed but will not be leaving the nursing home. I am due £9000 more than my mother and brother in her will when she passes. However this money at the moment can not be touched as it may be needed for her care. Therefore I can not use the £9000 as equity…
-
Adverse credit/broker advice?
Hello, I’m new to the forum but I have been lurking for a while! Basically, my husband and I are hoping to be able to apply for a mortgage in the not too distant future. We both have adverse credit - I have a CCJ that will be six years old in November, plus three or four defaults due to come off my credit file in the…
-
Mortgage after DMP
Hi there After some advise please. My husband and I are trying to get a mortgage. Back in 2012 we came into some difficulty with finances so set up a DMP. This caused defaults and some adverse credit. Since then we have come a long way and last year paid off our debts f&f and are now officially debt free. My husband has a…
-
Provisional Remortgage Completion date tomorrow but not heard anything
Hi We are remortgaging through Enact and it’s been a fairly quick process but I feel we aren’t updated as much as I would like to be. Our existing mortgage provider takes payment on the last working day of each month and our redemption figure is up to end April. Enact contacted us with a provisional completion date of…
-
How much do they lend ?
Im sure each organisation is different but generally do lenders offer 3 times your salary when offering a mortgage? And what multiples do they offer when two salaries are involved. My partner and I have a property to sell each and with the profit we want to buy a house together and may need a mortgage so this is really…
-
Mortgage in ex partner's name
Long story but I will try to keep it as simple as possible! 10 years ago myself and my then partner purchased a property as a family with our two children. We were advised at the time by the mortgage company (Halifax) that it would be quicker and easier to apply for the mortgage in his sole name as he was the main earner…
-
Remortgage or not
With the interest rates set to rise is it a good time to remortgage, would have to pay a fee to end current term but can go onto a better rate or wait until December when I can remortgage with no fee , currently paying 682.94 on 3.44 with 24y11m left can afford to move onto 2 year fixed 17 years at 2.29 paying 810.55 other…
-
Cancelling a mortgage application
So I've had an offer accepted on a property, and earlier told the broker I had been dealing with to proceed with the application. However shortly after, I found out I may be able to get access to a much much cheaper rate (saving me around £200 a month in repayments). I quickly emailed the orginal broker to stall him,…
-
Discounted rate and Tracker mortgages
Hi all, So sorry if I missed the previous threads on this subject and posted to ask for your input again here. Before asking for your value input, I would like to give you the situation we are in first. My partner and I are going to move house. We expect to get £80k from house sale and use it as the deposit on a new house,…
-
Auction Purchase - Charges not removed
I recently purchased a property at Auction and unfortunately one of the charges (which has apparently been satisfied from a prior purchase) remains. I have been told that this charge was satisfied and should have been removed in a transaction from January 2018. My purchase at Auction was then March 2018. This issue is that…
-
Debt and new mortgage
Hi All 8 years ago I had my home repossessed through nobodys fault but my own I am still being chased for the mortgage shortfall. The mortgage was with Birmingham Midshires, I tried to come to a settlement with their first company shoosmiths but this was unsuccessful, I heard nothing for two years and this has now moved on…
-
Buy house in one name, shared equity contractually?
Hi, After some help please. So I want to buy a house with my fiance. If I put 100k deposit in, her nothing both pay 50/50 on mortgage Can I buy the house in my name only as I am a first time buyer and then have a legal contract in place where upon sale of the house I get my 100k back and we split the equity 60/40 Or would…
-
Paying off credit card/overdraft
Hi - my partner and I are looking to move house at some point this year. We would be second-time buyers - we have lived in our current house for 7 and a half years and have circa just over £50,000 equity. When we move, we will be looking to buy a house around £200-£225k - we'll be using the equity in our current house as…
-
New director in existing LTD company
Hi, I'm have this past year become a new director with a company that has been in existence for over 15 yrs, I still have my old job role but now I have an additional directorship. I'm looking to move home and have contacted my current mortgage provider Nationwide to get an AIP. After some discussion I've been told that…
