-
Mortgage Advice for Self-Build
Just after some advice as wanting to go ahead with building our own property. We are trying to juggle a variety of funding options and our finances are relatively complex. Ultimately, we currently have £110,000 in cash available. The land we are wanting to buy is probably £300-£400k. We are then aiming to spend…
-
Endownment Maturity Payment Form
I have a Prudential Endowment that is about to mature. They have sent a "Maturity Payment Form" where I am expected to sign a declaration: "I/We accept that the maturity payment of this plan will be a full and final discharge of Prudential's liability under this plan" The form does not tell me how much it will pay out. How…
-
Equity release (home reversion) scheme
I am considering Equity release (home reversion) scheme as opposed to Lifetime mortgage as preferably don't want a monthly re-payment. My situation: 40k Mortgage Secured Loan 13k (8 years on both) Re-payments total £808 from £1,230 pm pension. Property worth £170.000 and have done a very rough calculation online where I…
-
Lenders who offer 90% LTV on new build flats
I am finding it hard to source a comprehensive list of lenders who offer 90% ltv on new build, shared ownership flats. Will my options be severely restricted or are there plenty out there who offer this? I am thinking it might be better to stretch my finances to put down a 15% deposit, but I would rather keep this money…
-
Trusted Mortgage Claims
Anyone had any experience with claiming a mis sold mortgage? It seems to be like it’s just a claim company out to make money from us but didn’t know if it was worthwhile looking into?
-
Exchange and completion 7 months gap
Currently applying for a mortgage with Halifax for a Redrow new build. We got our HTB approval but there's something I'm worried about. The new build price is £495,000 and doesn't complete till May and that's without delays if there will be any. So we will be required to put in £25,000 when exchange contracts which at the…
-
Residential/Commercial mortgage woes
Hi everyone, I would really like your help. We are buying a non-working farm with over 30 acres of ground and some unused outbuildings. The main farm house has an annexe attached which could be used as a holiday let but we are using it purely as an annexe for elderly family. There are two title deeds, one covering the…
-
Previous Suspended Possession order (all paid) now struggling to get a new mortgage
Hello There, m hoping |I could get some advise please. A few years ago my mum's home was nearly repossessed after she became mentally unwell. Luckily I found out about this and supported her to resolve the issue, agreed an amount to pay of the arrears at court (suspended possession order) took over her finances for her and…
-
Possibility of getting a mortgage when on long term sick?
Hi, first time poster here. Currently going through a split with my partner which will result in the house we share been sold. Any advice regarding the possibility of a mortgage for myself would be appreciated (I realise my chances will more than likely be slim given my circumstances). I have been off work for the last 6…
-
Halifax Mortgage
Just received my remortgage offer from Halifax...ive requested additional funds over and above the amount i need and all is well as about 70k equity. Just talking to the wife and we would quite like an additional 5k to replace conservatory....is it to late now offer has been sent to ask for the additional 5k to be added.…
-
Nationwide Process
I have had 2 DIPs referred and then accepted with Nationwide. First in July was accepted the next day without need to send documents, although it was noted that one month payslip, proof of bonus and bank statement would be required on full application. Second DIP was submitted last week, again a referral. I had mistakenly…
-
FTB - Shared Ownership mortgage problems :(
Hi, I'm wondering if someone can give me some advise. I've been really struggling to find a mortgage for a shared ownership property and I've got a few issues. I've basically got 2 jobs at the moment and I'm looking for a mortgage to purchase 50% of a new build property. I've tried several brokers to help but it's been a…
-
Narrowed down Mortgages for selection - Advice required
I’ve had an offer accepted on a house on Monday this week and I am in the process of selecting a Mortgage which is where I need some advice. I am a first time buyer and the house I am purchasing had an offer accepted of £115,000. I have a deposit of £22,000. I asked to two mortgage brokers and both recommended different…
-
morgage offer invalidated
Hello, i have a mortgage offer from barclays which is valid till january 2019. The property we are buying is not chain free. My conveyancer and seller's solicitor initially agreed on a completion date in early September and requested for the fund from the bank. Bank allocated the fund and given 3 weeks time to use the fund…
-
NRAM Change of Parties
Hi, I'm at a bit of a dead end, and wondered if anyone had any advice they would share.
-
Increasing my hours to get a mortgage
Hi. I’m interested in people’s views on whether increasing my number of days worked per week (I’m currently part time - 3 days per week) temporarily just to enable me to borrow more is dodgy in any way? We can afford the monthly payments on my part time wage, but to get the mortgage we need, i need my full time salary.…
-
New Mortgage for Ex Bankrupt
Evening all, We're looking to move closer to my wife's family as we're expecting our second child and want more of a support network around us as i work away. I declared bankrupt Aug 15 and subsequently discharged Aug 16. We have around 35K as a deposit and the houses we're looking at are around the 140-150K mark. My…
-
2 mortgages but need to borrow!
thank you for any help comments firstly. I am in a pickle.. I have 2 mortgages 1 being a Buy to let. I just tried to remortgage that but it was a no go, as they require mentioned having 145% in the deal. I am also 24 so Not a lot of lenders want to touch me so I am told. I don't think there would be much equity in the…
-
Speed up mortgage application
Hi, I've applied for a mortgage with YBS. It should all be pretty straightforward but the underwriters seem to take an age to make progress and it keeps getting held up by little things such as getting an original transcript for the valuation, getting confirmation from my employer about relocation. I know that in large…
-
Passing on property to brother, would he need to pay any tax?
I have a property that I would like to pass on to my sibling. It is the only house in my name, but I do not live in the area and would like to buy in a new place. The house is paid off so no mortgage to worry about. My sibling does not earn enough to buy, so he would be able to have someone to live and I would be able to…
