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Likely hood of acceptance?
Hi all, After some help/advice if possible. Me and my partner were caring for a family member with dementia who has unfortunately passed away. We are now having to find a home ASAP due to the house being sold. We have a DIP with Nationwide at £177,000, we have had a offer accepted at £187,000 on our dream house and…
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Overpaying but bank reduces monthly payments
I have a 2 year fixed rate mortgage due to finish 2020 with a balance of £65,000 with a property value of around £230,000. I have around £18,000 in savings and want to make regular overpayments. I overpayed last year the max 10% allowed (around £7,200). However, my provider (HSBC) immediately reduced my monthly payments…
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Concerned
We are 54 years old and have approx £95k outstanding on the mortgage which £35k is interest only. I had plans in place to cover this however its increasingly looking they wont mature. The house is worth £290k. My deal with santander is up in May so im now left with no option but to put the whole amount on a repayment which…
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Should I sell the house, its complicated?
Hello All, I live with my husband in a house mortgage free (in my name only). My husband and I have a joint mortgage on our original house - Mortgage left is £98,000 and value is approximately £320,000. At the moment our son is living in it, it has 4 bedrooms and he pays us £500 pcm, it is too big for just one person. I…
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Removing ex wife
My wife and I are divorced since 2014. She moved out in 2012 and continued to pay half the mortgage ever since. We have now resolved the division of the house. My mortgage proposal has been accepted. My solicitor contacted me to to say they need to draw up various paperwork which will cost approx £500. Once this has beeen…
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New mortgage on bank contract
I’m currently on a 5yr fixed mortgage which I took out when I was working as a full time NHS employee. I’m about to change onto 2 bank contracts, one for the NHS which is the same job I’ve had for 17yrs but just to be more flexible and another job which is also bank. My fixed rate mortgage ends Feb 2020 so I will have a…
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Advice Needed from Mortgage Brokers
Looking to buy Dec 2019 and at that point will have, One CCj £0 - 2 1/2 years old Satisfied One Default £0 - 2 years old Two Defaults £0 - 5 years Old All defaults and CCj paid off and all recent history fine. Looking at sub prime lender criteria I seem to fit in with Kensington Residential (90% LTV) and also 'Real Life 3;…
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Cleared debt - issue?
Hi, my application is almost done, the valuation is complete, all documents have been reviewed but one more has been requested by Nationwide. That is “Proof if funds to clear outstanding loan”. This refers to some car Finance I had, however this was settled completely on 04/12/2018 so unsure why they believe it is still…
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Applying for a mortgage or remortgaging
Do mortgage lenders demand to see all current accounts and bank statements in your name, or is it just the one with salary paid in and direct debits etc going out? Do you have to declare all accounts in your name legally? Thanks
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Unmarried First-Time Buyers - Legal Protection?
Me and my partner are in the process of buying a house together, and are unmarried. We are looking to purchase the house under a 50/50 split joint ownership. We have been advised that as a unmarried couple living together, there are no automatic rights to inherit any part of one another's property on death, unless a will…
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Property address wrong on mortgage offer
Hi, We have received our mortgage offer from Halifax and the address of the property we are buying is wrong. Its a new build and we have had loads of problems with Halifax getting the address right. Its literally the 4th document that has the wrong address and its a different address each time! The solicitors and all the…
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Porting joint mortgage to one person on separation, any pitfalls?
Hello. I spoke to my mortgage provider a few days ago as myself and my partner have decided to separate. We have to sell our home (joint mortgage and both named on deeds) but we are tied into a fixed rate so will incur early repayment charges (ERC). The mortgage company suggested porting the mortgage to one party,…
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Helping kids get on the mortgage ladder
Hi, I have 2 children; 1aged 24(son) in the first year of uni and going to accrue a lot of debt and the other aged 20 (daughter) working abroad in a low paid job but with no debt. Neither have any savings. DH and I would like to help them save to get onto the mortgage ladder in the future. Any ideas about what is the best…
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Mortgage Advice - Adverse Credit
Hi everyone, I'm needing a little bit of support as I'm at a loss on what to do. My wife and I have had an offer accepted to purchase a property for £80,000. We have a 5% deposit of £4000. On my credit report I have 3 defaults, 2 are 3 and a half years. One is 5yrs 6 mos old. There is also 2 late payments to a utility…
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Birmingham Midshires Mortgage (2008)
Help! - The thought of calling BM regarding my mortgage is filling me with dread & anxiety already. Previously they have been so unhelpful & dismissive of my concerns - It would be a relief If I could get through to someone who could help me tackle my current situation. Due re-structuring at work I have had to take a cut…
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Stamp duty payable on transfer of equity on second property
I've been asked if I would go on the mortgage for a relative of mine. Leaving aside the risk of being on the mortgage which in well aware of and have covered, am I correct that as I already own a house this would trigger a stamp duty charge of 3%
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BTL advice
Hi, Mentioned to my friend that my fixed rate comes to an end in April. £148k remaining, house worth £230k. He suggested I increase mortgage to 168k and use the extra £20k along with £20k from him to get a BTL on interest only with him. Could get a 1 bed flat around here for £90k to £120k which would rent for around £650…
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Possible Mortgage Implication - Advice Please
Hi, My partner has a condition on his medical record that hasn't been fully diagnosed but could if it progresses to be what they think it could mean that he won't be able to work in a years to come. Would we be able to get a mortgage, e.g. are the bank likely to say yes (if they found us financially viable) if we didn't…
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Re- Mortgage after DMP
Looking for some advice please. Have been on a SVR discounted with Landmark ( NRAM as was). In 2012 had to enter a DMP which was completed in January 2019. All defaults will have dropped off my file except one which comes off in June 2019. As i cant re-mortgage with Landmark had looked to a broker who was going to get…
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Cavity Wall Insulation
Cavity Wall Insulation had this done on my house and company can't see company sending put garantee and I want to sell the house any advice please
