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Moving House - 2nd Mortgage - Nervous!!
Hello All Great to be reading through so many success stories. I am so nervous as we have had an offer accepted on the house we really want and sold ours too. Now its the start of the big part the mortgage. Im just nervous that we will be rejected. Neither of us have any debts but i did have quite a bit of credit in use up…
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Mortgage Payment Protection advice
Hi, I am new to MSE but hoping you will have the knowledge to help with my query! We moved house Aug 2017 and took out a joint mortgage. The mortgage lender advised getting Mortgage Protection but it was not essential in order to get the mortgage, and so we said we'd look into quotes and sort it out later...…..and we never…
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Over 90% LTV on Unencumbered Property
Hi Everyone. I have heard I can do this, but...can't find it... I own a flat which I rent out under an assured tenancy with a long freehold. I live in accommodation provided FOC by my employer. I earn £50,000 pa. I want to buy another property in France for a holiday let. Can I borrow more that 90% of my unencumbered…
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End of fixed-term and moving
Hi all, We are now at the end of our fixed term mortgage rate! Problem is, our house is on the market (and we have reserved a new build), we had a buyer but they have since pulled out :( Obviously we don’t want to fix another 2+ Years in outlets current home but the standard rate is horrendous! Is there anything we can do…
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preparing for agreement in principle
we have been given notice on our rented accomadation and need to be out by November. we have a deposit and would idea like to buy rather than rent again. I have a few questions? 1 - I need to renew my phone contract should I do that now or after going to see if we can get an agreement in principal 2 - as agreement in…
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Bluestone mortgage application
Hi everybody Has anybody had or currently has a mortgage application going through with Bluestone? Our mortgage application went in on the 28th January and we still have no news or the valuation Issued on the property. We are beside our selfs now, especially after receiving the news Friday that the sellers will be putting…
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Mortgage after separation
Hi All Looking to understand the legal options regarding mortgage after separation. Me and my ex partner brought a house for 180k. The remaining mortgage is 110k. We put down a deposit of 50k. We have a child together and so I moved out and my ex and daughter stayed in the house. I was renting and contributing to child…
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FTB - can i afford it?
need to delete
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Living abroad
Is it possible in priciple to get a mortgage on a UK property if I live abroad? We own 3 completely unenumbered properties in the UK. All 3 are rented out, and we live in France, having moved one year ago. There is no salary, only the rental income and a small pension. Would be maybe looking to borrow say 60% of one…
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Buying a home with OH - he's paying entire deposit
Me and my OH are planning on buying a home together. He currently owns his own flat and I've lived there for 3 years. In this time, I've paid towards the mortgage and bills. In the last 9 month's, I've paid 2/3 the mortgage and bills. Here's the issue. His flat has increased in value in this short time (by 40k) so he'd…
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Prosperity pension plan with profit
I have an old pearl prosperity pension plan with profit that I haven't paid in to for years. I am thinking about transferring this into my SIPP. The transfer value is £44,000 approx One concern is on my last statement it says if you transfer away you would give up the guaranteed pension benefits under this plan. Not really…
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First Mortgage: credit file
So basically going to get my first mortgage soon. I have a very good credit rating and hopefully should have no problems getting a mortgage. However my car fiance is up beginning of May which we have decided that we are going to buy the car out right to sell our selves. I have saved a large amount of money already towards…
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Re-mortgaging question
Hello members I am in the process of re-mortgaging and completing the legal questionnaire from the Bank's law firm. They are proposing to send the title after completion and asking for an additional charge of £20. Will the title they are going to provide will be any different to the one I can download from Land Registry…
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Mortgage and Car finance renewal
Hello all, Good morning. Im new to the forum however we have a situation that Im concerned about and to be honest i would like some advice on. We have recently put down a deposit on a brand new house and secured a mortgage with Natwest. We are due to complete at the end of March with a planned move in date at the end of…
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Stamp duty question if no transfer of equity
Hi all we’ve been advised to seek clarification round whether we are liable for stamp duty. Ias a transfer of equity Isn’t involved and I I believe the answer is no. My partner has a mortgage on our home and she is he only person on the mortgage. Due to our position I want us to ring fence the equity she has now for her…
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Endowment reclaim.
Guys help, my mother had a endowment mortgage from 1976 until 2007. She has went to no win no fee to reclaim however after 2 years nothing has been refunded. They just keep sending her out letters to sign and telling her the mortgage company haven't repsonded. Mortgage was with alliance and Leicester, any help or advice…
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Payment not changed after fixed term ended
First post on the forum, hoping you guys can help. I got a two year fixed mortgage which ended about 6 months ago, but the payments I’m making have never altered and I’ve never had any correspondence from my provider to say what variable rate I’m now on. Is this normal? It’s my first mortgage and I assumed they would…
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Mortgage help due to Retention
Hello guys First post so hopefully i have put it in the right section, i have also looked at similar threads but still a little confused. I'm in Scotland as well in case its a bit different. Situation- Had offer of 190k accepted on property with an asking price of 205k. Mortgage all okay but needed a refreshed home report…
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First time buyer: lenders accounting for bonus?
Hi everyone, My wife and I are considering applying for our first mortgage. We have a deposit of £45k. A large chunk of my remuneration is paid as an annual bonus, which is reasonably assured. How is this treated by lenders? Are any more or less “strict” than others? Would a broker be a good idea? Salary £60k, bonus…
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Kensington application how long?
We are about to submit our full application with Kensington and have an DIP and can see they have done hard searches on both of our credit files when the DIP was done. How long should we expect them to take?
