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Shared Mortgage with a Friend Problem
Hi all, looking for some advice if possible on an issue my girlfriend is having. To cut a long story short, my girlfriend and her friend got a shared Mortgage on a house here in the UK about 10 months ago - and as I’m sure it is with all these cases, they’d been friends for years with no issues so no reason to think…
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Broker Recommendation? (Complex Cases)
Edited due to not being needed
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Deposit from dividend
Hi, Am currently looking into a mortgage in my wife's name. She has a 20% shareholding in a company which she is a director of. Due to the % of shareholding, many lenders treat her as employed if she only wants to use her PAYE salary as income. However, we had intended to potentially purchase the new property before our…
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Can You Transfer A Mortgage?
We were in the process of paying off our mortgage from the sale of our current property. The plan is to downsize and potentially be mortgage free but I've been a bit silly and searched for property above our budget and of course found a property that we love. We'd need a mortgage of around £60,000 to buy it though. We've…
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Pay of CC debt or use for bigger deposit
Hello alll I’ve recently applied for my first mortgage and have been advised I may need a 15% deposit instead of the 10% I put down originally. I checked my credit report and there is a hard search from Barclays so I assume that info is from them. My Mortgage advisor has got me a DIP from Halifax. Having checked all the…
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Remortgage to release Equity
Just wondering some one can advise if the below can be possible at all. I am in my early 30's, employed and own a 3 bed freehold house in London which is currently valued at £450k. I only have £150k worth of mortgage left to pay. I am looking to possibly cash in £200k out of my freehold to invest somewhere overseas.…
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TSB £250 Apology
My wife and I each received a separate letter from the TSB apologising for the technical issues this year, resulting in our inability to arrange a new product. The MSE in me instantly thought... well is that £250 each? The letter says “to put things right we are going to pay you £250”. It then goes on to say they will…
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Chance of a mortgage in our position
Hi, We plan on meeting with a broker early next year once our current house is ready to go on the market (needs some painting and a new bathroom fitting) but in the meantime i’m after some educated opinions on the likelihood of getting a mortgage based on our history. I was bankrupt in Feb 2012, discharged Feb 2013. Salary…
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At what point can I apply for a new credit card?
Forget this, I've found other threads. I shall be sensible.
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Nationwide application- no proofs requested
Hi all We submitted our application with nationwide on Monday through the broker and even though we gave them all to the broker he advised us that nationwide had asked for no proofs such as payslips. We have our valuation booked in for next week. Is no proofs a good or bad sign?? Thanks in advance
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Borrowing more on my mortgage
Hello! I am looking to add approx £25,000 onto my existing Halifax capital and interest mortgage. My existing mortgage runs for 26 more years, but is up for remortgaging in December 2019 - possibly right in the midst of a horrible Brexit fallout period! The additional £25k I am looking to borrow (2 year Fixed LTV 75 to…
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KFI and Offer of Loan different
Hi all. Long time lurker but my first post here. We've been through the process of applying for a mortgage and got our offer of loan a week or so ago, just before going on holiday. Got back last night are opening the post today - our offer letter was finally here! On reading it, though, the monthly repayments were…
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Mortgage In Principle
Hi I am selling my house at the moment and when I have had an offer put in I am going to get a mortgage in principal, at the moment our LTV is 83% for a house worth 500,000. If I found a place for 515,000 and the mortgage provider originally said we could borrow up to £415,000 before the mortgage in principal can we change…
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FTB - Help2Buy Loan Strategy
I am a FTB and have reserved a plot on a new build development. I am sole the applicant for the mortgage with the 20% government equity loan. House price: £226,995 5% deposit is: £11,349 - I am increasing this minimum deposit to £33,000. Total deposit is: £78,399. Mortgage loan required is: £148,596. LTV - 65.46% Initial…
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Would a mortgage broker be able to exclude a 0% loan from my affordability?
I have 7 payments of £350 left on a 0% loan, for which I have the cash in my accounts to pay if necessary. Obviously being 0%, there's no reason for me to want to pay it off early, except for the fact that it severely impacts my mortgage affordability. I was playing around with a calculator and the affordability drops down…
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Shared ownership question
Hi I in process of buying 40% shared ownership on a semi detached house just wondered will I be able to staircase to 100% in on time be it through mortgage or inheritance any answers be greatly appreciated
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Interest free loan
Hi, Out to get a sofa today. It's about £900. They offer an interest free loan over 1 to 4 years. I can pay for it without the loan but was wondering would a loan of such a small amount have a big impact when remortgaging or wanting to borrow more from my mortgage provider. Other than the mortgage it would be the only…
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Advice on taking your name off mortgage and deeds
Hi , need some advice on how I go about being taken off my joint mortgage and the deeds? I've separated from my partner but still living in the house with him ,he has offered to buy me out but now says is there an easier way of doing it like just removing my name off the mortgage and deeds through a solicitor then he just…
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Mortgage dead, what's next?
Hello people. We are getting ready to buy our 1st house with a mortgage and our solicitors sent us yesterday the mortgage deed to be signed. We sent that and I would like to know what's left now? Any idea how long for completion date and exchange contracts? Currently we are waiting for searches to be done. I understood…
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Advice - Supply Teacher with Default Debt
Hello, Just looking for some advice - I’m a supply teacher trying to get a mortgage I am from Uk and moved back to UK in December and since then have worked as supply teacher - starting permanent job in January. I applied for mortgage with Teachers Building Society and have just been rejected as I have a unknown debt from…
