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Leasehold detached house advice buying the freehold
Good evening, Just over two years ago I purchased a home with leasehold of 250 years. At the time the housing company told us that I would be able to buy the freehold after 2 years for a couple of thousand pounds. However, within that first two years they sold it on to another company who are now my landlord. The cost per…
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Proof of Deposit
I had a phone conversation with a broker on friday as I have found a house I would like to purchase, They have sent me an email today asking for various documents, Two of the things they are asking for is proof of deposit and 3mths bank statments. On the phone I asked told them I was looking for a 80% LTV. I currently have…
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Payday Loan 6 years ago...
Hi all, I've recently started saving for a house deposit and hopefully in 18-24 months I will have enough for the sort of mortgage I'm after. I've recently been scanning through old e-mails and I've realised that 6 years ago I applied and was declined a payday loan with wonga. All I remember of it is that it wasn't for me,…
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FTB Barclay mortgage application
Hi all, I'm 30, looking to buy my first house with my gf, we're going to be doing the help to buy isa. House is £220K 10% deposit. (£20k) We both have decent careers, a good credit score on experian, no credit cards, loans etc. However when I was younger I was silly with money and had a lot of debt. Thankfully all this has…
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Second Charge Loan
Dear All Please can anyone help me with second charge mortgage? Over the last few years I have amassed £85,000 of unsecured debt doing a house extension/renovation plus some other expenses on loans, credit cards and an overdraft. The intention was for my wife to start working and then to remortgage however my daughter…
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Mortgage refused because of stone cladding on new-build
Hi all, I am in the process of purchasing a shared ownership property - this has been a very long-winded process so far. After overcoming many hurdles, it seems the latest snag has been the mortgage approval. My mortgage broker put in an application with Santander for the mortgage on the property. All was seeming to…
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Mortgage progressing, but want to renegotiate
Hi All situation is... we have had our offer (@ Market price) accepted. we have then proceeded, and got the Surveyors report done and the pre-exchange checks report done. Our solicitors have responded back to the vendors' own with few questions raised and requested more info on certain bits. Now based on what info we have…
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Remortgaging and possible imminent home move
Looking for some ideas & guidance please. Summary - We've been in our current home for 10 years. - We had a fixed rate mortgage with Coventry BS which ended back in July, so we're now on the SVR - Currently low LTV Other factors - I recently changed my current account (previous bank for over 15 years), so my current bank…
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Mortgage and Engagement
Hi, I'm after some advise. Me and my partner are currently looking at properties to buy (first time buyers) and I also want to propose this year. My question is, would an engagement have any impact on getting a mortgage? ie would they look at it as an upcoming expense? Thanks for any help you can give.
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Is it a smart move to remortgage now?
We are ten years into our mortgage with Nationwide. Our initial deal was for a couple of years but once it ran out we went to 2% above the interest rate which worked out very well for us. We have just sat on this as the years rolled on but with interest rates slowing creeping up I was wondering if we should look at fixing…
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Mortgages and Divorce
I’m trying to advise DD on best action to take. Three houses - all jointly owned A. valued at 210K with 175K outstanding B. valued at 130K with 100K outstanding C. valued at 66K with 61K outstanding A. is the martial home, B &C are on repayment mortgages with consent to let. One year ago DD split from her husband and…
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Paying off a lump sum after Fixed Rate Mortgage Ends
Hey I need some advice. So when my 2yr fixed mortgage rate ends next year can I pay off some of the mortage with my savings and then remortgage it AFTER ? So I dont face overpayment charges?? Do people generally remortgage after their deal ends? Mine was only 2 years. I want to do another one but for 5 years. Also, if I…
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Pepper money? Anyone have any experience good or bad please
Just wondering if anyone has any experience, good for or bad, of Pepper money for UK market. When googling only negatives are apparent. I’m certain that’s not a true reflection of a company as most people I think only tend to review if they’ve had a bad experience. Anyone?
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Mortgage issues with the future
Hello Long story short, I separated from my ex husband in 2015. We divorced in 2017 and as I didn't earn enough at the time, my father kindly agreed to take out a mortgage with me in order to buy him out and keep the house. My parents have their own property which was fully paid for about 15 years ago... Even though my…
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payslip issue and mtg application
Hi Not sure if this is the right place to ask but basically work have underpaid me for the last 5 months. It has been an absolute mare to sort out and after being underpaid by 2k for August I kicked up a fuss and am now (apparently) getting a direct CHAPS payment into my account tomorrow. The only issue is that we are…
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What can i borrow?
Hi Myself and my girlfriend are looking to get a house together but we are not sure what house we can afford as some online bank calculators say we can borrow between £395,000 to £420,000 but these quick online calculators seem to vague and with a £25,000 gap between the online calculators can you go with what they say...…
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Pheonix life not paying out on 25 year endownment
Please someone help. Needed advice I have a 25 year endownment policy due to mature this month. Pheonix life is pulling out all the stops not to pay out. The endownment is in joint names tho I am no longer with my ex. My lawyer sent a deed of assignment to pheonix in 2013 as both our lawyers had court papers for us to sign…
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Halifax Mortgage Application...
Hi everyone, I have posted on this forum before worrying about getting a mortgage and I’ve read through so many different posts on here from many others like myself. Myself and my husband are now at the mortgage application stage!! Bit of background info: We are both first time buyers and fell in love with a new build…
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Biting off more than I can chew
Hello, I'd appreciate any advice on the below as I'm looking to remortgage and also buy 2 other properties at the same time. Property 1 Residential property in London where I currently live and will continue to live. * Value £360k * Mortgage £30K * Mortgage Payment - £288pcm at £30k or £500pcm at £50k Remortgaging right…
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Question about mortgage fixed rates
So basically im getting a mortgage fixed for 2 years 85% LTV Say for example i pay off £xxxx amount making fhe LTV 75% Will they offer me a fixed rate judging on their 75% LTV mortgages at the time? Thanks
