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Mortgage help!
Hi all, I’ve posted a few times on the forum about several things but wanted to paint a whole picture to get some advice as worried sick and losing sleep. Myself and my husband rent a house from my parents, due to their age this June they will have to end the mortgage or sell to us, we desperately need to buy the place as…
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Santander Refused Consent To Let
2 weeks ago I phoned Santander and asked about letting our house. I was told we met all the criteria and we would get a confirmation letter. I was told we would stay on our fixed rate, and then move to a new BTL mortgage if we were still wanting to rent it out at the end of the fix. Yesterday we got a letter refusing it.…
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HTB and staircasing - how is the interest calculated?
Hi, Looking at a few options for moving to a new build and HTB seems like a good option. We are looking to sell my house and use the equity as our deposit. Anyway, the question I have is related to the interest. I've read that you only pay interest based on the original loan amount regardless of changes in the valuation of…
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Do i need to update mortgage lender on new buildings insurer?
Hi everyone, hope youre all well Just switched buildings insurer, they didnt ask who my lender was, do i need to update my mortgage lender on this or will they be able to see it all in a database like with car insurance? Thank you:beer:
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HTB - Buying out loan advice
Hello folks, I purchased a property in London two years ago using the full 40% HTB equity loan. The rough figures were Equity: £30,000 Mortgage: £130,000 HTB: £105,000 The equity will be up to £45,000 by the end of the year through overpayments and my salary has increased to the point where I could have just about have…
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IT contractor mortgage
Hi everybody, I am looking to get a mortgage this year, in around the summer. Being an IT contractor it adds some complication, along with some other history I have . I declared bankrupt in 2007 (fully discharged and not on my credit file). As part of that was a voluntary repossession. There was equity and felt it was a…
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Fixed Term Contract Employment
Hi, my boyfriend and I are looking to buy our first house. Our budget is 180,000 and we have the £18,000 needed for a 10% deposit. I am a teacher on £23,250 but my boyfriend is on a 2 year fixed contract for £26,000. He only started in September and all of the major banks seem to be asking that he has worked for 12 months…
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Old Endowment Policy Research
I am looking for some help with regards to tracking down an old endowment policy from early 1980. Around 1980 I took out a mortgage to purchase a property and a couple of years later I extended it to enable me to make improvements to the same property. For both of these loans I took out 2 separate Endowments policies…
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What statements do I need?
I'm going to be applying for an AIP/mortgage in the next 2-3 weeks and I am trying to get all my paper work ready. I know most lenders want last 3 months of of bank statements, but do I need it for all my bank accounts and for my bank credit card too? As it stands I have 2 main accounts, one of which is just for outgoing…
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Aip with Halifax 2019 after payday loans
Just a heads up last week I got DIP with Halifax after having nine payday loans in 2017 everything is possible and fingers crossed things go well and we get a mortgage offer.as long as I keep my credit good and clear down my debts ( have a credit card of £300 and £600 overdraft) will keep you updated
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Relying on Santander to guve us a new deal
Just thought I would run this by you. My fixed mortgage deal is not due to expire until Sept this year with Santander but I am aware I may not be be able to remortgage elsewhere due to recent defaults on my file and overall credit history. Does anyone know how Sanrander operate in terms of offering new fixed deals to…
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Mortgage query
Hi Does anyone know of any mortgage providers who offer mortgages for first time buyers based off future employment contracts? To add a bit of context, I’ve been graduated for about 7 months in a full time role but my partner is not due to graduate until June. When she graduates she will be working full time where she…
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First time buyers as struggling
Hi Everyone, We are looking to purchase our first house so we've never done anything like this before and its going wrong., fast. So we've been to a mortgage broker, Wife has credit score of 666 (experian) and a default that is now paid off just waiting for credit report to update. Shes a Nurse and earns £14000. They…
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Mortgages in later years.
I am 55 my wife is 62.we have been told we can only get a joint mortgage for a maximum 8 years until my wife reaches 70.we be work full time with a joint income in excess of 55k.because of the pension changes my wife will not receive her pension until 67.she has no intention of retiring from work until minimum 70.can we…
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Chances of joint mortgage approval with defaults
Hi, new to this forum. Me and my partner are looking at buying a house soon, we are looking at houses priced at around £150k with a 15k (10%) deposit, we both have help to buy ISA so we will recieve government bonuses. My partner has a excellent credit report, mine however, is not, I have a score of 721 on Experian, I have…
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Santander offered interest only mortgage
Hello, I was hoping someone could offer advise. I have seen many adverts about mis selling of interest only mortgages. my situation is that my husband and myself lived in a semi, with a mortgage which was a mix of repayment and endowment (with an endowment policy in place). We then moved to a different house, back in 2006,…
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FTB with HTB New Build Scotland
Hi I've had some conflicting advice about a mortgage. I've seen a off the plan new build apartment that I would like to reserve. It's at fixed price for £152k. I would be looking to use the HTB new build scheme in Scotland which would give me a 15% deposit to put towards it. I had seen a different flat back in october that…
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Electoral roll
Hi, We are hoping to put an offer in our first home soon... on my Equifax credit report I have a red marker for the electoral roll... this is where we got married in September and I didn't update them. I updated this last week and have had confirmation from the council that it's all registered now, under my married name.…
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Remortgaging with Santander fix rate ending
Hi MSE, Apologies in advance if my questions seem stupid! This is my first time remortgaging. I have a 2 part mortgage as I ported my previous mortgage to my new house and the extra money needed to buy the house onto my mortgage in the form of an additional mortgage. The smaller part of that mortgage is now coming to the…
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Paying off mum's mortgage
In short, we've got ourselves into a situation where I own a property which is to be sold and the proceeds will go to pay off the mortgage which is in my mum's name. There's about 100K outstanding on the mortgage. Will there be anything to consider if I were to fully pay off the mortgage in mum's name? Anti-money…
