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mortgage arrears three years ago
Hi All, Please can you advise on my situation? A joint mortgage was in arrears from July 2016 to March 2017, `at which point all arrears were cleared and all payments have been made on time since then. the house in question has now sold and the mortgage satisfied. I am looking to buy alone, should i look for an adverse…
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Unsettled Defaults greater than 6 years
Morning, I foolisly defaulted on an overdraft and a Virgin Media bill about 10 years ago. These went unpaid. A mortgage adviser has told me these will show up on any mortgage credit check. He told me settled defaults drop off after 6 years but unsettled defaults will show as outstanding and potential lenders would be able…
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Proving Long Term Deposit Savings - How far back do they need?
I am a first time buyer and I've been saving up for a deposit over the course of 10 years and am looking to purchase a property with a mortgage. I know I need to prove how the deposit built up by bank statements, but since I have been accumulating savings for a long time, do I need statements for the entire 10 years? Am a…
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Amount of Government Bonus Help To Buy ISA
I was wondering about the amount of bonus that I could get with my husband. We both have Help to buy ISA accounts. In total £16 000 We are only paying £12000 deposit on our new home. Does it matter that we have extra £4000 left?Can we get the bonus on that balance even then we do not use it towards the house purchase?
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Tesco’s bank
Where to start... I currently have a mortgage with Tesco bank with 4 years left on fixed term. I have broke up with ex and I am taking over the mortgage but porting it to another smaller property. Tesco’s have assured me this is fine as I am an existing customer and am only porting so won’t affect me. I just wondered what…
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will we need adverse mortgage?
Hi, In September we will finally be at the end of our DAS (yay). Then in December our defaults start to fall off, by around 4 months after that they should all be gone. We have no other credit, own car and van outright. I'm intending on us each getting an adverse cc to try and build some history, basically just put…
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Mortgage Offer Conditions
Good evening, as part of my mortgage offer condition, I am requested to settle a credit card balance within 30 days of completion. Does this mean I have 30 days to settle after completion? I only received my offer today and I am completing in less than 21 days. Would appreciate any advice.
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Frozen Endowment
In 2013 my(our) endowment matured. Since then it has remained with Scottish Widows in their bank account earning no interest. Because I cannot track down my ex wife who’s name is on the Policy I cannot cash in the money or transfer the amount to my outstanding mortgage account. Are Scottish Widows in their right to freeze…
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Want to pull out of my re-mortgage
Hello I have just signed an appliction to re-mortgage my house and and now in the process of doing all the convanancing bits however I have seen a better deal else where and would now like to pull out. I don't mind if I loose the legal fee etc but want to check that this is possible before I contact the lender. Note no…
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Credit card and mortgage applications
Hi all, I'm after some advice. I'm going abroad next month, and the moneysaver in me want to apply for a credit card with no foreign exchange fees for spending while away. However, I'm also due to remortgage pretty much as soon as I get back, so I'm looking for advice about what impact the credit search could have on the…
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Breakup after exchange before completion new build
Hello We have exchanged contracts on a £225k new-build house on a nil deposit, intending to put 5% down (which is sat ready in my LISA) and using the 20% equity scheme from the government. Completion is not until end of September at the earliest as this is when the house is expected to be built by. As we have exchanged I…
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Buyin gout my partner after a breakup
Hi everyone, I bought a property with my partner nearly two years ago, but sadly our relationship has broken down and we have decided to split up. However, we now have the dilemma of what to do about our property. We bought the house with a fairly large deposit and fixed the mortgage for 5 years, but as it was a new build,…
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Registered Interest - Complications
Q: Can an ex's registered interest in a property halt me re-mortgaging? Further info: I have a flat that is mortgaged in my name only. My ex has a registered interest and we are selling the property as part of our divorce and splitting the equity. Due to the flat having a short lease it's proving difficult to sell. I'm…
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Solictors fees
Hi We have had an offer accepted on a house and are ready to put in for a mortgage application. The estate agents are asking us to appoint solicitors. When is it normal for them to take fees? Would it be after the mortgage is agreed as I would be dubious about paying before any mortgage is agreed? Thank you for your advice.
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Product Transfer: Halifax - Equity Help To Buy
Hi All, New to the forums and looking for advice before I speak to my lender. My two year fixed rate ends in Aug, and I don’t want to do a full remortgage with a different lender at this stage. I do however want to do a product transfer, leaving the equity loan in place as is. Is this possible with the Halifax, or do they…
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HTB Self employed
Hi. I was wondering if anyone can help regarding self employment. We're looking to apply for a HTB mortgage using a broker next week (still trying to find a suitable one) but im worried about our last 3 months of spending. I filed my partners tax returns in April and she has made £20000 this year (18/19) but her average…
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Can I give my flat back?
Almost 13 years ago I bought a flat and got a 30 year mortgage. I have had the flat for sale for over 2 years. It is valued at approx 170k and my mortgage balance is around 105k but the housing market in the area is non existent - hence being for sale for so long. I have moved and have another mortgage with my husband and…
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First time buyer equity query
Hi, my wife and I are first time buyers and have just had an offer accepted on a house that was £33k less than the home report value (involved a fair amount of haggling but vendor is desperate for a quick sale). My question is can we use this £33k equity we would have in the property to increase our chance of getting a 5%…
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Have I been stitched up by HSBC?
So, my 5 year fix finishes next month. I have 2 years left on a £30k mortgage. I have had an HSBC mortgage for 12 years. I contact HSBC expecting to be able to switch to a 2 year fix deal to finish the mortgage. With better than 60% LtV I wanted to access one of their fee free fix rate deals. However, I'm told their fix…
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British Expat with BTL Mortgage returning to UK
Hi there. My situation is as described in the title. I've had a look through the mortgage agreement and can't see anything specifying it as an expat only mortgage (it's a buy to let with Natwest International). At the time of taking it out I had no intention of returning to the UK whilst having the mortgage, but due to a…
