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Mortgage Lender Refuses to Provide Redemption Figure
All, just after a little advice to what seems like fairly unusual practice from my current lender (The Nottingham Building Society) which seems a little sneaky/underhand. Our current fixed term mortgage with them ends on 3/12/18 and we are moving to a 5year fixed deal with another lender. The plan, as with our previous…
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Mortgage provider that acknowledges child/spousal payments
Hi there, I recently separated and we are looking to remortgage our current house to remove me from the mortgage and pay off the money I have in the property. However, HSBC have said they will not acknowledge the money i pay my partner as it is not ordered by a court. i can understand there position. HSBC have said other…
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Mortgage company refuses to lend due to builders smallprint
We thought we were nearing the end of a long struggle of selling our current home and buying a brand new home. It now turns out that it seems we're back to square one. We're looking at a freehold property from Linden Homes. They have not offered the road, pavements, street lighting etc to the council to adopt and maintain,…
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First time buyer...deposit method??
Removed - Pending Deletion
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First time buyer with a complex financial history needing advice!
Here's the numbers crushed for the last financial year; £11,500 PAYE (Employment) £7,700 Net Profit -£5,500 Net Income The years before were similar, with 2 incomes but the figures much better. The last year hasn't been great for me business-wise but my previous years would have been maybe 10k more. I have 3 questions…
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Mortage with halifax income issue
Me and another member of family applied for a mortage with halifax and wanted to borrow 165,000 we found a house and got offer accepted my family members payslips are fine and are simple to calculate the annual total of basic salary mine however has caused confusion we only just put full application in and my basic salary…
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Divorce and liability for parrtner's mortgage
Hello, I cannot find the answer for this anywhere on the internet, I assume because there is no clear cut answer. My ex bought a flat before we met, a flat that has always been solely in her name, a flat that now has considerable negative equity. When we met, I moved in with her for around 2 yrs (around 2010) We eventually…
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Valuation tomorrow - good sign?
Hi everyone Just had a call from estate agent and valuation from skipton taking place tomorrow. Is this a good sign? Decision in principle received last week and full application went in yesterday. Keeping everything double / triple crossed
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Let to Buy situation
Hello, I currently own a property with mortgage 100% paid off and worth £110k. I live in this property with my wife. We would like to purchase a property of around £180,000 (mortgage of 150k and deposit 30k). I am self-employed and my earnings before tax are approximately 15k for tax year 17/18 and will be approx 18k for…
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Remortgage or Bank Loan
So our endowment mortgage has matured and we are £8k short on repayment due to the ever decreasing interest rates over the past 25 years! Should I approach the bank to remortgage the shortfall or enquire about a bank loan? How do I know which is the best approach and obviously, the cheapest? Anyone have any thoughts…
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What does "latest period" mean for income : nationwide
Hi all, on the nationwide mortgage affordability, it asks for income for the latest period and the previous period. Is the latest period, now, or is it the last complete tax year?
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Declaring pregnancy during mortgage application
Hi, my wife is 8 months pregnant we are planning to apply for a mortgage this week. Would the pregnancy count as a dependent on the mortgage application?
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Should I be named on the mortgage?
Hypothetically, if I put down a 50% deposit on a house while my partner doesn't contribute to the deposit (though we split stamp duty, legal fees etc equally) should I be named on the mortgage? We will have a declaration of trust to protect this deposit (the initial thought is that I will receive my 50% amount back in full…
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Digital Mortgages (Atom Bank) and LISA for deposit
I'm at the beginning of the house buying process, having had an offer accepted on Monday. I already had a solicitor lined up as they're my family solicitors, so if got a quote and instructed them, passed their details onto the estate agent etc. although not yet paid their fee. I'm using L&C as a broker and initially was…
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Case review and two days until completion
I’m slightly stressed to say the least!!!!! We’re due to complete on our purchase this Friday after what seems like forever! I’ve just spoken to my solicitors secretary who said the lender is reviewing the case prior to releasing the funds! Is this normal??? What if they withdraw our mortgage this far in?? Our…
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Solicitor's Extra £25 charge for Special Conditions
Hi, We're currently in the process of remortgaging. Our Mortgage broker recommended a large conveyancing solicitors who have a set fee of £500. This week this solicitor wrote to me informing me that he has an extra charge of £25 for upholding a special condition in our mortgage offer which details repaying a couple of…
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Equity release
I apologise if this isn t the correct site...I m a newby around here, but would welcome any views on my comments. I wish to release £100000 on my property which is valued at £380,000( no mortgage). This is to give £50K to each of my children to help them onto the property ladder. I have been quoted a fixed rate of 3.75%. I…
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Applying for a mortgage with ccj
Hi, I'm new posting to here but after doing lots of research for myself I've come to the conclusion everyone's circumstances are different. I'll keep it short as possible, me and my partner are wanting to buy a house in the next year. Unfortunately we found out after checking his credit score a few month's ago that he had…
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Switching to BTL Mortgage
Hi, I have a property that is on a residential mortgage until end of February 2019. I had wanted to let it out with immediate effect, however my current bank has prevented this happening unless fees are paid which would at this late stage not make any sense. When the renewal is up on the property (Valued at £90k) with a…
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mortgage application and additional income question
Hi, I’m after some advice. My husband and I are hoping to get a mortgage at the start of next year. We both work, him 9-5 mon- fri, and myself part time, however over the past 2 years my husband has been running an events business in his spare time (nights, weekends etc), he will have 2 years’ worth of accounts shortly but…
