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Second charge mortgage
Hi there I’m just after some advice please. I’m looking to move house, currently have £66000 left on my mortgage, looking to sell for minimum £80000 house I’m looking to buy is £95000 and I have £26000 on a second charge mortgage left. Can I move this second charge mortgage to a new mortgage to consolidate it, or even move…
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changing name on the house deed
Hi, I'm in a bit complicated situation here. I know I should seek legal advice which I will. I'm getting a divorce. We have a joint mortgage together, house in both our name. My soon to be ex agrees to hand over the house to my sole name but he wants some lump sum which I don't have. I also have been paying it myself for…
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Remortgage with a secret bank account
Next year we will have to remortgage as our deal will have come to a end. My partner is not good with money As she likes to spend anything left over near the end of the month on things that we might need or replace items with better items or even treat herself. Where I'm for clearing our credit card debt them we can treat…
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First time buyer ... credit defaults
Hi, I’m looking for some advice/experiences in relation to our current situation. Ok so the easy part, my husband has relatively good credit history, no defaults or issues of note on his credit file. He does have a small amount of credit (£300-400), used and repaid regularly. Now onto the complexity ... my credit history…
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Removing Ex from mortgage in his absent
Is it possible to remove an ex off joint mortgage in his absent. My solicitor has sent numerous copies of paperwork to his h/a but he never signs or returns them. This has been going on since beginning of the year. He has verbally (via text) agreed to come off the mortgage but that's all. Hasn't contributed to mortgage or…
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Remortgage help needed
My mortgage is up for renewal soon and I'm unsure whether to fix for 2 or 5yrs mainly due to Brexit. Is Brexit going to affect the interest rates significantly ? Just after some general advice I know that no one knows what will happen when the country leaves the EU
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Stamp duty
Hi all Plan on buying a house in November after many years of renting. Question is, before I started renting I owned a house and sold it with no onward chain for a quick sale to move areas. I see myself as a first time buyer, but am I ? Will I cop for stamp duty ? It's been 12 years since I sold my house. Thanks
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Mortgage for expat moving back to UK.
I'm an expat living in the EU and will be moving back to the UK with my family in the next 18 months. The plan is to get a property in the UK before we move in order to get our kids into schools. At present, we can get a mortgage as an expat quite easily since we UK citizens getting paid by UK companies into UK bank…
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Ulster Bank Momentum Mortgage
Hi All, i know there have been a couple of threads in the past about this. Long story short, got the Momentum Mortgage in 2009, in 2014 Ulster Bank adjusted the value and stated they would get the "2nd charge" released which they never did. The builder went into administration but has since been reinstated to companies…
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Consent to Let
I have some questions regarding Consent to Let and will appreciate your help: - Does anyone know the criteria based on which the lender decides whether to provide "Consent to Let" or not? - What are the typical change in interest rates after the Consent is obtained? - Can the borrower apply for Consent during Fixed Term of…
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Sub accounts less than £25K outstanding....
Current mortgage - £100K. £80K of that is on an excellent lifetime tracker rate. 13 years or so left. I did have special rate for £25K but thats ending soon. Problem is because balance on the sub accounts are less than £25K I can't switch this amount to its going back to SVR 4.25%. I was considering getting a 10 year loan…
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Reduced sale price/allowance on completion rejected
I'm selling my house and further to a homebuyer's survey which has identified minor issues with the house, we have agreed to either a) reduce value of house by agreed amount or b) issue allowance on completion of agreed amount so buyer can complete repairs post completion. Our buyer's broker has stated the offer can't be…
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Change in circumstances (job) after application submitted
Are you obliged to tell your lender if you have a material change of circumstances (e.g. income drops) after (a) you've submitted your application; (b) you have your offer of loan; (c) you've completed your (re)mortgage legals?
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Fixed rate ending - Can i get better than what Nationwide are offering
Our current fixed rate with Nationwide is coming to an end in January so i am starting to look around for the best options but they honestly confuse me with different rates, fees or no fees etc. We will want a £100,000 mortgage over 17 years, our property value is around £300,000 (My neighbour sold for £310k same size…
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Change in LTV
Hi Were half way through our 2 year fix on our mortgage. We took this out at 95% ltv but now we are at 90%. Do we have any option of changing interest rate based on this mid term without paying the exit fees? We're with natwest
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Principality mortgage timescales
Hi all AIP 11th sept Full application submitted 12th Sep Valuation instructed 12th Sep Valuation booked 28th Sep ! Anyone experienced how long after valuation until offer docs these days?
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Getting Out of Joint mortgage
I am currently on a joint mortgage with my parents and planning to buy a new property for myself. Assuming I leave the joint mortgage and the property I want to buy is 200k how much stamp duty would I be paying? Also will do I have to pay 25 percent deposit or will 10 percent be enough? Can someone please advise me on…
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Increased scrutiny around fire safety
Hello, I wonder if anyone else has experienced this recently and how you managed to resolve it Currently i am in the process of selling my flat and purchasing a house, no issues on the purchase side of things However the sale of my flat is proving troublesome During the valuation the surveyor stated the building 'appeared'…
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Valuation amount
Hi all. My valuations taking places today wth nationwide as a FTB, just wondering when the valuation takes place do they value the full cost of the house or just the amount you requested on the mortgage like the LTV amount. Sorry it this is a stupid question..... Really hate this waiting
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Debt showing on bank statements and not credit file
I currently pay £20 a week to clear an old debt to a collections company. The debt will be cleared by 8th January 2019 so less than £350 left to pay. When applying for my mortgage in 3 weeks time I will declare this debt as they will see the outgoings on my statement (its not registered with the CRA). Will the mortgage…
