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Looking for help with possible courses of action!
Hi you brainy peeps! I'll try to keep this short and sweet, I'm Self Employed, have been for 14 months. I'm a partner in a business that has 18 years of trading history, so essentially I had a promotion just over a year ago and now own part of this business. I know I need a minimum of 2 years with my current lender to…
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Remortgage - when to start?
Hi, My 5 year fix with Bank of Ireland finishes in March. The house is probably worth around £165,000 - £170,000 and I owe £87,000 on the mortgage. What would my best option be at this stage? Also, if we were looking to move house or remortgage I presume if would be best to decide on that first? I'm just concerned that if…
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Getting a mortgage or loan against assets.
I am separating from my husband & am wanting to buy my own house I have 50k deposit & can get a mortgage for approx 40k . I am wanting to borrow iro 70k I have some farm land valued at 150 k would I be able to borrow the extra 30k against the land ( no mortgage on it, all equity) either as a mortgage or secured loan? Thank…
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FTB, mortgage and loan
Hi all. We are currently saving for mortgage. We have 10% deposit plus fees saved. My wife recently returned to work so we are in a position to save more from her wages. My question is since we now have a deposit saved is it a good idea to start making overpayments on a loan we have? The loan is affordable and current…
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Remortgage to pay back gift
My father gifted me the deposit for my house. I now have a partner and would like to add him to the house and mortgage but also pay back my dad. This was only done as a gift as due to his age he could not be part of the mortgage. I thought I could remortgage and just transfer the money back once it’s drawn down but I’ve…
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mortgage affordability and commission
Hi, I'm trying to get a mortgage for a new build, but i'm being knocked back on affordability as I earn commission. I've tried a mainstream broker and they will only take whats on the last 3 months payslips into account for how much I can borrow. The problem is I've only been with my current company for 3 months and with a…
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Borrowing more on mortgage to pay for divorce?
Hi, Unfortunately I will be getting divorced and wondered what my options were on borrowing more on my mortgage in order to pay the amount of equity my former partner is entitled too. Is this something banks would consider additional lending for? The mortgage is in my sole name but my partner has been contributing to it…
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Mortgage for contractor?
Hi, I need to convert my residential mortgage into buy to let mortgage. I am IT contractor (Software Engineering) working though umbrella company (I'm payed through PAYE). There's a lot of websites recommending applying through specialized mortgage broker who knows how to get a mortgage for a contractor. I am wondering if…
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STAMP DUTY HELP - staircase
Hi, I purchased 35% share in my house in 2015 valued at 170000. I then staircases to 100% in June 18 valued at 190000. I laid stamp duty of around 666 on this transaction. Following the chancellor's announced on shared ownership and stamp duty. Am I eligible for a refund from my 2018 transaction? Confused, dont think I am…
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FTB advice pls stuck waiting for new job
Hi guys, I expect to start a new job this month but I am still waiting for the start date (the background checks are ongoing). 99% sure will go through all ok, just timing issue. Have looked at mortgages but cannot proceed with an application without a start date. Is it worth getting the ball rolling on the solicitor side?…
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Santander Margate help needed
My dad was evicted from his owned property in January 2018 however the mortgage he had was an interest only mortgage, the property was sold on for £150,000 he owed £47,000. This mean that Santander owe my dad in the region £103,000 minus fees however every time we have attempted to retrieve the monies owed we have been…
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Questions around partner buying remaining share of my flat
Hello everyone. I'm hoping that you may be able to clear up some queries I have about my partner and I buying a flat together. I currently own the flat (and have done for the last five years) that my partner and I live in. It's worth £275,000 and I have roughly £75,000 left to pay on the mortgage. My partner has savings of…
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ID1 form verification
Hello, My sister is selling her flat and has decided to attempt to take on doing her own conveyancing. However there is a part where she needs to verify her identity via a “ID1 form”. She has contacted over 15 local solicitors in her area and nobody will agree to verify her ID1 form.(maybe because solicitors want the…
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Equity release / mortgage?
Hi I have recently made a cash purchase for a property which I now own outright. I had savings and loaned some money from a family member to allow me to make this purchase quickly, as the house was made available at an excellent price and I had to act quickly so I didn't lose out. By the time I complete the renovations to…
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Single parent mortgage advice
Hi Im wondering if anyone can help me with some info/advice. Basically im a single parent I work full time and have a basic salary of £23,363 I get benefits on top as i have custody of my daughter roughly £5670. My son lives with my ex i pay maintenance for him. Im basically trying to add my debts onto my mortgage i know…
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Paying off mortgage or transferring it?
Hello MSE, Just a quick question,I have a 180k mortgage and a property worth approx 300k. I'm looking to move in the next few years to a larger property. I've recently started a new role at my occupation and will earn approx 100k per annum. Would it be more beneficial to maximise my over repayments and pay my mortgage off…
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Aylesbury Associates
It’s a bit confusing but a C and G mortgage was taken out. Some funds were put towards an investment with AA, no fees would ever need to be paid to the mortgage as the investments by AA would cover the mortgage. So it was basically a bundled thing. It was since discovered that C and G got commission from the referrals…
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Fixed rate ending
can my existing lender refuse to continue my mortgage once fixed rate ended. I will be 64 and have been overpaying by 10% per year to reduce the debt. There will still be 9 years left with LTV less than 20%. Will they allow me to fix again? How difficult will it be to remortgage to another lender?
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Mortgage Offer
Hi all, Happy New Year! We have just received a text from Santander to say that they have issued a mortgage offer - unfortunately this arrived at 6:30pm, after my mortgage broker was closed! Does this mean we have a mortgage? I realise this may sound like a really silly question but we're first time buyers and really…
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Would love some expertise... how likely to get a mortgage this year?
Hi all I’m hoping for some expertise from this very knowledgeable community. Husband and I are desperate buy later this year but have a few nuances so would appreciate any insights... Me: 36, hopefully about to be earning £33,222 when hours increase next month (stable NHS job). currently poor credit due to 1 satisfied ccg…
