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Am I being taken for a ride?
Hello everyone, new user here.....don’t worry despite my username I’m not a conspiracy theorist! A little background; me and my partner are in the early stages of buying our first house (90% ltv, not the best credit record; she has an unpaid ccj of around £250 ish from a parking fine approx 5yrs ago and I have two defaults…
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Virgin Money Mortgages
What are Virgin Money like for mortgages? I’m nervous as just put in applications for a residential and buy to let mortgage.
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teachers building society
My partner is a teacher and rang teachers building society for advice regarding a 5% mortgage, we now have a mortgage in principle with them. However i cannot find any reviews- well two and them two are bad saying they allowed fees to be paid and then rejected or that the fees to pay are high. I was wondering if they are a…
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Mortgage and buying a car - bad idea?
Hi there, we are in the process of buying our first home. We have had an offer accepted and a mortgage offered. We also need to buy a car, we have enough cash for both our deposit and the car. But I am concerned taking such a large amount out of the accounts before we have completed on the house might have an adverse…
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Fixed rate Mortgage but interest is up and down every month?
Hi, Not sure if anyone can help explain why the interest I pay on my mortgage every month is a different amount? I have a fixed rate mortgage and I'm making over payments of the same amount every month, however the interest paid varies every month. for example Oct £178.09 Nov £171.82 Dec £177.06 some months the difference…
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Mortgage with Poor Credit History and Old PDL
Hi, me and my husband have been living in a house owned by his parents for the past 6 years. We do not pay rent, but instead pay £650 pm in to my husbands savings account. My father in law has offered us to buy the house, however I have poor credit history (previous marriage, being a single parent, SMP for 9 months). My…
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Re-Mortgaging to finance home improvements
So im a bit ahead of myself here as our mortgage deal doesnt end for another 12 months but i like to plan ahead. We brought our 1930s 3 bed semi for £143k back in 2008. Our mortgage was £124k over 33 years (all we could afford on our wages at the time) we spent an additional £30k on an kitchen extension and conservatory.…
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Mortgage at 69 missold maybe?
I have a friend who took out a Northern Rock self-certification mortgage in 2006 when he was 69. He had an existing mortgage of £35k with debts of £40k and the adviser encouraged him to take out £100k. He has a history of weak understanding of money – mild Asperger’s . He spent the additional funds over the next 2 years.…
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Remortgage & Equity Share
Hi and thanks for reading. We are looking to pay our equity share to Persimmon for our flat and we’ve received 2 valuations, both well in excess of the original purchase price but within £7k of each other. We’re having to re-mortgage to cover the equity share and maybe/hopefully borrow a bit more than needed to do some…
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Guarantor on existing interest only mortgage
Hello, This is my first ever post on this site. Here goes.. My now ex-partner and I took out an interest only mortgage, placing a 25% deposit on our home a number of years ago. The mortgage has since been transferred from the original lender to Woolwich. Originally I was making overpayments and also putting funds aside in…
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Mis sold mortgage?
Ten years ago my partner and I bought a new build home with the help of a government loan. We got a 30 year mortgage (we were both mid 20s at the time) and the government loan is standard at 25 years. Long story short I’m trying to remortgage on my own as my now husband was unfaithful and so we are separated and have been…
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Remortage
My five year fixed rate is due to expire at the end of the month. Bank of Ireland seem to be offering some competitive deals: 1) 60% LTV 2yr at 1.98% 2) 60% LTV 3yr at 2.09% 3) 60% LTV 5yr at 2.4% My objective is to pay off my mortgage as soon as possible (8 years is the target). I believe I will make a career move within…
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Need own home but also for parents
Hi all To cut a very long story short, I own a property worth around £600K-£700K. Used to belong to both me and my dad but he transferred his equity to me. About £30K left on mortgage. We both live there. My family (4 people) and mum, dad and disabled brother. They don’t want to leave the property but my family needs a…
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1st time buyer- possible to borrow more on mortgage to fund renovations?
Hi all 1st time user of the forum. I'm after some advice from the kind people on MSE forums. I'm looking to buy my first home and I've seen a home that has caught my interest. From my observations it looks to be in need of updating with some modernisations. As someone who is buying my 1st home solo my savings are limited…
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Completion Date
Myself and my partner are currently buying our first house, we had a mortgage offer through 26 Feb however there was an error where the plot number was used instead of the house number. This has held things up and as of Friday the solicitors still haven't had the new offer (despite my broker receiving it the week before)…
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Moving to a new city - what to put for employment on mortgage?
Hello Just looking for some advice and to see if others have been in a similar situation. My partner has a mortgage in his name in the house we both live in. We are looking to move to a new city in the summer and will be applying for a joint mortgage. I am a teacher. He is self employed. My question to relates to something…
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Do we both have to be on the mortgage?
Hi, So me and my partner (not married) are looking to buy our first home. I'm a first time buyer with 40k deposit, partner already has 2 houses in his name due to working as a landlord for his family property development business. They are both being rented. Looking in the region of £300k. The plan was for me to get a…
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Let then buy 2nd property
I am considering relocating for work, but if I do so I would like to rent out the property I currently live in and buy another property near the new job. My mortgage provider appear to offer consent to let but state that they add 1% to the interest rate and no additional borrowing can be taken against that property.…
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Natwest Mortgage stories
Hello We are applying via Natwest and my husbands income is all derived from student lets. We have had our DIP fine.. Im just a little nervous about the full app.. would love to hear some Natwest storeis - successes or not
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bank Statements Adverse Lenders
How long would Kensington, pepper mortgages etc expect to want to see on bank statements for a mortgage offer? Will be applying Dec 2019/Jan 2020? Trying to keep my bank account super straightforward and not have any transactions I cannot explain (lending money to friends etc) thanks
