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thoughts from a broker if possible
I've asked a couple of questions on here and people tend to be generous with their time and knowledge so if anyone has any thoughts on this because I just don't know what to do for the best:( the people who are (in theory) buying my house have yet to get a mortgage offer. initially this was turned down due to an admin…
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Partner "equity transfer" and going on mortgage and deeds
Hello MSE friends After a bit of advice as my partner has moved in and we are looking for her to put in a substantial equity amount to reduce the existing/take out a new smaller mortgage. We have agreement in principal from existing lender...Solicitor from lender able to deal with transfer for an additional fee. What else…
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Mortgages and Brexit
Are there any educated people on here that could offer some advice on my situation. I currently have a 5 year fixed mortgage which is coming to an end in May 2019. I am currently going through the process of selling my house and buying a more expensive one. The current mortgage will be transferred to the new property and…
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being impatient?
so, on the 9th I submitted an application via a broker to principally building society. The timeline: full Application submitted 9th September Valuation booked 10th for 11th September Valuation took place 11th 12th - failed to declare a loan (non-decline) 13th - Paid loan off full for mortgage affordability 14th - My wife…
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Stupid ISA question
I'm getting my head in a muddle with what I'm reading :o I opened a LISA in April 2017. It will shortly have £4000 in it then the 25% bonus on top. My OH opened a LISA with £1 earlier this month so I understand that we can't get a bonus from it for 12 months. We won't put any more money into the LISA until we know we…
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Mortgage, rent or shared ownership. Bad credit file
Myself and my partner have just had a baby 2 weeks ago. My partner was working full time but has now been made redundant while on maternity leave. I am in full time employment but only earn 21500 per annum. We have a £15,000 deposit saved up. We currently live in a private rented 1 bed house which is £750 per month. Do we…
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Mortgage with bad credit
Hi all Firstly I’m not sure if I’m better off posting here or in the debt free forum, so my apologies if I’m in the wrong forum. I have a satisfied CCJ for £380, only recently satisfied as I wasn’t aware of it until I did a credit report search. The CCJ was 2 or 3 years old. I have looked on 3 credit reports and have 4…
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Last minute mess?
Hello was wondering for some advice, basically our buyer and are seller (no chain), have all signed and no we are at the point of exchange contracts. Basically our seller has agreed to pay towards cost of repairing fencing and to replace a damaged door. For some reason our solicitor has decided to write to our lender to…
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Repayment Charges on BTL Mortgage
Is it possible to keep a mortgage after selling a property without buying another one, the purpose being to keep paying until the end of the mortgage term and avoid charges. Of course the plan would be to sell the property close to the end of the mortgage period. Is it obligatory to declare the house sold to the mortgage…
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Advice Needed: Type of Mortgage for a 5 year stay
Hi Everyone, I'm currently going through a divorce where I need to sell the family home. The sale will pay off the existing mortgage on this house. I have 2 children still at High School in the town I reside and want to purchase a smaller property to house myself and the kids when I have them stay. However, I only see me…
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Porting a mortgage
We are in the process of trying to buy a new house. We have had an interest only mortgage with Nationwide for about 10 years that we over pay and I am simply looking to port the mortgage over as is. The new house is larger and more expensive but I do not need to borrow more. The issue we have is that we were employed when…
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Adding Wife to Deeds & Mortgage
Hi All, Just a query, wife and I married last year. I own a property since 2014 (4+ years) with the mortgage and house under my name. I am looking to add my wife onto the mortgage and property deeds. Are we faced with Stamp Duty? As we are in the process of completing a BTL already. Or can I just add my wife's name onto…
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Dependents on a mortgage application
Afternoon all, I split from my wife earlier this year and she's looking to buy out my equity at the moment so I'm starting to look around at how much I can borrow to work out what I can afford to move into a new home for myself. The kids live with my ex and I pay her the CMS calculated maintenance every month. I have them…
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Application timeline
Afternoon all. My situation, I an mid 40s looking for first mortgage, earn 40k per year and with 20-30% deposit on up to £150k price no debt but a terrible credit file with 1 ccj and several defaults. I have contacted a broker who has viewed my credit file and said it won't be a problem as all the credit file stuff is 3…
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Overpaying on a fixed rate mortgage
Currently over pay by £300 a month on my 20 year, 5 year fixed rate mortgage of £100k. Just wondering if my monthly payments are meant to reduce as the debt reduces during this 5 year period due to my overpayments?
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Joint mortgage with two existing owners
Hello, I wondered if anyone could help with a question my partner and I have: Both my partner and I currently own separate properties. These were purchased at different times, and we have different mortgage providers. Both mortgages are fixed (and because they were purchased at different times) but have different fixed…
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Becoming a contractor and remortgaging
Bottom line: what's the market like for non-IT contractors renewing a mortgage at approx 50% LTV? Ours is up early next year and, having recently been made redundant (from perm role), I'm weighing up the pros and cons of contract vs perm. Most contracts in my industry are 3-6 months, some extend, others start at 1yr+.…
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Mortgage/Remortgage and Porting
I have 2 issues which I hope you can help advise with. Thank you in advance for your help. Issue 1 Property 1 Property value - £125k, 75% LTV BTL mortgage approved after survey. Buyer pulls out after 2 weeks as he wants to now keep the property. Property 2 Property value - £100k, 75% LTV BTL mortgage approved. Survey found…
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Urgent help please :-( valuation instruction cancelled
Hi everyone Myself and husband applied for a natwest mortgage on Monday and yesterday received paperwork to sign from a valuation company to instruct the vauluation on our new home. We scanned that over this morning and received a reply from the caluation company saying “Unfortunately, we no longer hold this instruction as…
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First time buyer
Hi All, i would very much appreciate your help. Husband and i are looking to get on to the property ladder, we have 30k savings for the deposit. We saw a mortgage broker last night , and we were told that we were not yet ready to purchase a property as the deposit is not large enough as the lenders may not lend and the…
