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Mortgage retention delay
Hello everyone I have applied for a mortgage through Danske Bank and was credit checked, ID ,payslips etc sent in and was offered a mortgage everything was going smoothly up till the valuation which put a £3000 retention on the house and a damp and timber report was needed i have now supplied a quote for the work which was…
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Sole mortgage, joint ownership
Can I take out an 80% Mortgage in my name only but have joint names on the deeds? I would really appreciate some legal advice. Many thanks
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Paying off an interest only buy to let mortgage
I am new to this board and am also a newbie property investor. We bought our first BTL property a few months back by taking out an interest only mortgage. Our mortgage advisor told us that many in this business never paid off those mortgages and passed on the property down to their heirs. Is this a thing? Are there pros…
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First time buyer. (Accord)
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Money after repossession
Hello We took out a mortgage in 1999, and due to circumstances it was repossessed in 2001. We never thought or heard anymore about it due to living abroad. Now we’ve been contacted by a company who do work for heir hunters saying we’re due money from the property. Is there anyway we can find this out and deal with it…
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Letter Of Comfort Duplicate - Scotland
Good afternoon, I am part of a property chain and have just been told that my mortgage company does not have the Letter of Comfort that was originally on file for work completed before we bought the house. It appears to have gone missing as was originally submitted. I understand I can get a duplicate and I have the…
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Mortgage dilemma
I still have a mortgage with my ex husband as I can't get a mortgage to cover my remaining balance. He has no dealings with the mortgage. I've tried to sell with no luck. He has had a cash pay off from my dad. Thanks dad. I owe the remaining balance of £133000 my pension is under £13000 with 15 years to go on an interest…
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Stuck in a montage with ex partner
Hi all :j Just looking for some advice or to find out whether anyone else is in the same boat as me. Took out a mortgage with my ex partner about 13 years ago when we bought a house together. We split up 10 years ago and I am still tied to the mortgage and he lives in our house. I have asked him to sell the house so we cut…
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Chelsea Building Society - Porting mortgage
Hi. I have a question about porting my mortgage. I bought a flat in 2007 but house prices crashed and I've been with a negative equity lemon since then. To put it in to context, the detached the 3 bed with a drive and mature garden next door sold just 2 years ago for less than I paid for my flat. Gutting. During this time…
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Cannot pay interest only mortgage final balance
Hi , We are in a right mess. Our Interest only part of the mortgage finishes in march (15000) and there is no way we can pay it .we are obviously worried sick about it . Plan to ring BS today and tackle the issue . Has any one any advice .Our house is worth roughly 280,000. the rest of the mortgage will be paid of in…
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Mortgage first time buyer
Morning :) I'm planning for the future but have a question, in 2 years I'd like to buy my council property. If the house is worth 60k and I put a deposit down of 6k can I borrow 54k even if the council sell it to me for say 40k, can I use the 14k for home improvements? Thanks
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Avoiding Credit File Searches - Best approach?
Hello All! I wasn't sure whether this should be in the mortgage section or the house buying section - I hope this is ok. Short version: What is the best way to secure a mortgage, without making a lot of searches on my credit file? :) Long winded version: I am currently looking for a property as a first time buyer, and I am…
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Buying your freehold / ground rent
Our freehold owner seems really keen to sell it off to us. Is there a reason why. The price quoted is £1500 and there is 900 years left on the lease. The quote is the the equvelent to 40 years ground rent ? The property is worth £170,000. Lots of neighbors have also had this offer. In advance thanks...
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Halifax HTB Process
Next week i will apply for a mortgage for a new build using the HTB route with Halifax through a broker. Can anyone give me an informed opinion on what sort of time scales im looking at for a offer/decision to be made? As you can imagine the stress levels are through thr roof and i havent even began my application yet:mad:
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First time buyer - Mortgage
My son is looking to buy a property. He has £30k deposit and is looking for a property around £100K - £120K. He would like to relocate anywhere in the UK where he get a job and buy a place of his own. Once he has found a job how long would he need to be in the job to qualify for a mortgage? If you have knowledge about…
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Mortgage advice
Hello, We have reserved a new build house and will be putting in a full mortgage application this week. We are using the Help To Buy Scheme (it's the only way we can afford to buy our first house) but I just have some concerns about our chances of getting a mortgage and was after some advice please... Our joint income is…
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Moving home using equity as deposit
Hi everyone, Think I have this sussed after a lot of Google-Fu, but would appreciate feedback. Equity in my current flat is roughly £25,000. Looking at moving from a flat to a home, prices are roughly £250,000 in our area. Would the £25,000 equity in the current property be used as the deposit? Or would I be expected to…
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Mortgage comparison - short term and remaining amount to pay
Hello, Does anyone know how to do the proper calculations to compare two mortgages with different %ages/upfront fees? I see online calculators to do the calculation for how much will be paid for the term of the mortgage, but how do I figure out how much mortgage would be left to pay at the end of the term and therefore…
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Remortgaging from residential help to buy mortgage to buy to let
We currently have a house with help to buy on it and a residential mortgage. Outstanding mortgage 83000 House value 140000 Help to buy would need a repayment of 28000 This would mean we need a mortgage of £111000 on a house valued at £140000 ( 80% LTV) Has anyone remortgaged and used the additional borrowing to pay back…
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Late payment just before mortgage completion
Hi. Looking for more advice. We are due to buy and complete our mortgage on the 1st of feb. Been very awkward to get this far due to me being paid c.i.s but we are here. 18 days away. Now a big spanner in the works. My wife has a very account. Her payment was due on friday but due to being in hospital she paid it 1 day…
