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Do all indivduals on House deeds, need to be on Mortgage?
Hi I wanted to know do all, individuals on a house deed need to be on a mortgage. Reason I ask is that my mother is close to maximum lenders age limit. Hence is playing a hindrance at the moment. Would lenders have any issues with leaving other owners off the mortgage?
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Can The Bank Take My Mortgage Away?
Hi All, looking for some advice. My wife and i are going through divorce. The mortgage on the property is in joint names but, because i know she could not afford it and because i didn't want to risk a bad credit rating, i took over payments of the mortgage since June last year. I am now seeking to put the mortgage solely…
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In a predicament kind of
So i ll try and summarise my position in bullet points to make it easier to digest. * House on market for £250k, bought for £255k with help to buy 20%. * RICs valuation puts it at £242,500 * Moving to Australia on September 3rd. Booked one way tickets. * Earning less now than when i first got the mortgage. Need to sell…
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Avoiding SVR - Fixed term coming to an end but thinking of selling. Renew mortgage or not?
When I got a mortgage I got a fixed rate mortgage for 2 years, when the 2 years was nearly up in order to avoid reverting to the standard variable rate I renewed (fixed) for another 2 years (free of charge online if I remember rightly). That 2 years is nearly up but I am considering selling my property. If I renew for…
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Transfer of Equity
Hi Need some advice on Transfer of Equity. Long story short... I own a property jointly but will be gifted the other parties share i.e. no consideration. I am remortgaging and taking on the mortgage solely in my name. I know there will be SDLT to pay. I am finding it really difficult to find a decent solicitor/conveyancer.…
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Santander underwriter query
Hi all, I'll start by setting the scene; First time buyers £330k house - new build £66k HTB, £54k cash, £210k mortgage Me: £46k basic, advised £25k bonus/commission Partner: £21k basic, advised £9k commission My last years P60 indicated £59k total earnings, and the last 3 months payslips have each had £5k+ in commission.…
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Help! Totally Money - Credit Searches
Back in April we got an Agreement in Principle from Halifax, subject to 2 years' accounts (I'm self-employed). Went back in today and everything was going well....until I failed the credit search at the end. My credit score is in the 900s - no CCJs, low credit use etc, so printed off copies and asked Mortgage Advisor to…
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Ex Local Flat - Mortgage Valuation
Hi, I had an offer accepted for a ex-local flat in the City of London. Building is in good condition, has had a few sales over last 3 years. The bank booked in a valuation knowing that its an ex-local authority and now the valuation has come back as - "I have not provided a valuation beause the property is not acceptable…
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ERC - told it was waived but not
So we have been in the process of selling our house and getting a new build house. When we contacted our lenders they advised us that they could port our mortgage to our new build house. We advised them that we intended to sell in middle June and the house isn’t available until September/October. We also got them to…
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Making an extra payment on a mortgage after term ends before moving mortgage to another lender?
Hi Guys Can anyone advise how this will work? My current mortgage deal is up on 31st July 2019. I will be moving to another lender as my current lender (Halifax) rates are just awful. Before moving to another lender though I want to make one extra large payment to bring it down somewhat but I have already maxed out my 10%…
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Terminal Bonus
I have a 25 year CIS endowment which will mature this year. It was supposed to pay out £40K for my £70 a month contribution (21K paid in) Basic sum assured was just under 19K so when you add annual bonuses it stands at just under 25K. When are terminal bonus amounts decided, I know that over last few years CIS/Royal London…
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Helppp!!!!!
Hello, I'm wondering if anyone could give me some advice please. I'm looking into purchasing a house with my long term partner. He earns 29,000 and I earn 20,000. We live in Devon and we are looking into buying a house for max price of 250,000. We have a deposit of 25-30,000. However, I have just above poor credit. Over 2…
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Mortgage following a relationship break up
Hi There and thanks for reading and replying to this. A friend of mine really needs help. She has a mortgage in joint name with her ex partner who left in late 2017, November to be precise. She has since then paid all mortgage payments on the property in full (c£600 per month). She is due to come out of a fixed rate for…
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Halifax Mortgage- Repayment of Credit Cards Query
Hi all, We had a condition of paying the balance on our credit cards which was submitted with the application with our mortgage back in April, the total was about £2.5K for the two. We payed both balances in full at the end of April and have just used our CCs since for the additional security for purchases for the house,…
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Application gone to "senior underwriter"
I heard from my broker that my full mortgage application had been successfully underwritten and they don't have any further questions. But I heard yesterday my application had now gone to "senior underwriters" for further checking. I panicked! But my broker came back today and said it was just to ensure the underwriter had…
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Help to buy mortgage
Hi there, I am looking at selling my house and moving to a new build using a help to buy mortgage. I have been told that I cannot find out if I can get a new mortgage until I sell my current property. I have talked to a broker over the phone and they have said with the figures I have given them that it shouldn't be a…
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DMP finished - LTV?
Hi there. My partner and I started a DMP on the 1st of September 2014 and we completed June 2017 and have zero debt. We sold our property in summer last year and decided to rent whilst we continued to save and wait for our circumstances to improve, ie be offered a better LTV and for our credit scores get better. Our…
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Precise Mortgage Application
Hi. Looking for some advice........ Going through L&C who have placed us with Precise Mortgages due to our circumstances (currently on DPP) Our broker has advised Precise don't do Decision in Principle and we need to have an offer accepted before we go to them with application?? I'm really worried we put our offer in, it…
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Is this possible - non standard property and 4.75x income mortgage
I'm considering a nonstandard property, it's a property where the basement is a self contained flat but it is connected to the main house by a blocked stairway. Idea is to revert to one house on purchase and not use as separate dwellings. Would need a c4.75 x multiple with 25% deposit. I know there is a red flag for having…
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Missed Service Charge
Hi The service charge of my flat got split last year, where part of it was sent in letters, and the other part was sent in email to me. For the part with email, I have kept a good track of the payments, however, for the other part, since the flat was let out, I didn't know there's a payment until last weekend where I was…
