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Will We Have to Pay Off Our Non-Portable Mortgage When We Move??
We are thinking of moving and have just under £20,000 remaining on our Intelligent Finance mortgage. When we checked to see if we could 'port' the mortgage Intelligent Finance advised that our mortgage is not portable. Does this mean that we will have no choice but to clear the outstanding balance in full when we move or…
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Nationwide - the wait begins
We have applied to Nationwide for a mortgage as we would like to move house. Our house has sold, and we have put an offer in on a new home which has been accepted. I’m self employed, and have been for 2 years. My wife is a teacher and currently on maternity leave until Feb 2020. We’re looking to borrow £228k and will be…
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Buying Partner Out
Hi, My partner and I are splitting up and I'd like to buy her our of the house. Its a very amicable and we're just looking to split 50/50. House Value = £185,000 Remaining on Joint Mortgage = £160,000 Equity = £25,000 My share of the equity (£12,500) would be used to form the deposit, I have no other savings. Not entirely…
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Nationwide mortgage
Warning long post 😂 Im hoping for a bit of reassurance regarding a recent application to Nationwide for our mortgage. The original house we where buying earlier on in the year fell through and this is where our problems began. We decided to proceed with the sale of our house and move into rented putting us into a good…
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Financing a conversion with a planning condition to the main farm house
I’m after some advice please knowledgeable folks, this is the situation; My mother owns a house with a barn on the same plot. My husband and I have been successful at gaining planning permission to convert the barn for us to live in, but only as an ancillary annexe to the main dwelling my mum lives in. We’ve sold our…
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Wrong occupation/ salary on mortgage offer
We received a mortgage offer today. We are first time buyers and went through an independent broker. The issue is that on the ‘mortgage application summary’ included with the offer pack my partner’s occupation (it says doctor, she is a nurse) and salary are wrong. The blurb at the top says that the salary below may not…
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NRAM incorrect charge
Hi - will keep it brief! I took out Together mortgage in 2004 and was charged an arrangement fee of £495. This was my first mortgage so all new to me and was reassured by broker everything was sorted etc. A number of years later when northern rock mortgages were on the news I read into mine (which was closed in 2006) that…
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Equity from 50% share?
Good afternoon, in currently looking for some info on what i can do in my situation. I currently own 50% of a property said property is mortgage free. The property is currently rented out and is just in the background so to speak as a retirement fund. I need to know if possible would i be able to release money from my 50%…
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Mortgages on reinforced concrete property
Hi everyone, wondering if anyone has any advice or any experience in mortgaging non-standard constructions. I was in the process of buying a flat I really loved, but it got rejected by Halifax at the valuation stage for being reinforced concrete and having a small bit of single skin brickwork next to the front door. We had…
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Help to buy ISA - Property Price
Hello Both myself and my boyfriend have help to buy ISAs, we opened them knowing we would probably never get the bonus as property prices in our area are above the £250,000 limit, however we are now in the process of purchasing a house from my mother using a concessionary purchase mortgage. The property value is over…
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Exchange deposit and Help to buy ISA Government bonus
I am due to exchange in few weeks and I received the contract pack to sign. My solicitor is waiting for the reponse from Taylor Wimpey’a solicitor about lower exchange deposit due to us receiving the government bonus as we both had Help to buy ISA accounts. She is convinced that will happen and we will pay less than 5%…
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Adding to mortgage for repairs to house
We had an offer on our house for the asking price, but due to a structural survey highlighting ground heave (categorised as subsidence) the buyers decided not to proceed. The house is old, grade 2 listed but the issue actually lies within a modern extension. Having instructed specialist building consultants, we have a…
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Wrong mortage advice given when bereaved
I am making a complaint to Santander about the advice I was given on my mortgage. I want to know what sort of outcome I can expect. My husband died in December 2018 aged 62. I am 61 in full time work. We had a joint mortgage on our house. Interest only. Paid regularly. The mortgage (and the rate deal) were due to expire in…
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Friend using address, selling house
Hi, I wanted to see if anyone could clarify this for me. Currently have our house up for sale. My friend needs to use an address so he can get mail while he organises mooring for his boat (which will be his residence). Question is, would allowing him to use our address cause us any issues when we come to sell and port our…
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Mortgage 3 years residency problem
So we moved from a European country 2 years ago. And are trying to get mortgage but at Nationwide they told us that without the three years residency we can not get mortgage. Do you know any bank that can give us mortgage without this condition ? We can not go to private Landers as the interest rate is too much. So if…
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Consent order refused
Hi. New to this so please bear with me. I left my ex wife nearly 2 years ago and she started divorce proceedings around New Year (6 months ago). I waived my rights to legal advice. We own a house together but agreed a settlement whereby she stays in the house, gets custody of the kids, keeps the car and furniture, etc. but…
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redemption penalty or pay it off?
re-posted here as may have been in the wrong folder I have made a decision to sell my house. Sadly, I didn't make the decision 6 months ago, as I am now 6 months in to a 2 year deal. But nevertheless, my decision has to stand. Now, I have sufficient equity in my home to pay off my mortgage (owned it 25 years), and buy my…
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Rental guarantor effect on credit & mortgage offer
Hi, I have been asked by my parents to act as a rental guarantor for them. A family friend has already agreed to act as a guarantor, but the landlord has asked for two guarantors. I'm quite happy to act as a the second rental guarantor, however, I have few questions please: Would acting as a rental guarantor affect my…
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Interest Only - lender insists on switching rates
Hello I have a repayment mortgage but I'd like to switch to interest only. I don't want to change anything else. I meet all the lender's criteria for interest only lending, including: - minimum income - minimum loan size - max LTV for interest only - minimum equity requirement if using sale of property as repayment vehicle…
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Fixed rate changed before completion
Hi I have just completed on a 10 year fixed rate remortgage with First Direct - great rate of 2.44%, however, just before completion I noticed that the same fixed rate had been reduced to 2.39%. First Direct did't notify me, and I am now on the 2.44% rate. It looks like the rate was reduced just after I applied and…
