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Timescales for Application submitted to court to discharge mortgage as company no longer exist.
We live in Scotland and have recently sold our house and were due to move out next week. We have been informed by our solicitor there is going to be a delay as the couple buying our property paid their mortgage off several years ago, however the mortgage company no longer exists and they have never had a discharge. They…
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Gifted deposit
Both my nan and grandad have recently passed away. The house is now my mum's and her 2 brothers. Me and my partner want to buy the house at the market value. My mum wants to gift us £25,0001 of the house equity and part of her share to cover our deposit to buy the house. Is this possible? Or do we have to have the cash…
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Looking to remortgage — advice sought
Hi, My wife and I are looking to remortgage our house as our current 5 year fixed mortgage ends soon. We only had a 5% deposit when we bought the house so our monthly repayments have been slightly on the higher side. We're expecting our first child in a couple of weeks and thought we might go interest only on our new…
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Tracker mortgages
I need to remortgage and am thinking of selling my flat. I lost my job recently so won't be able to do that until I get another job so I was thinking of switching from a fixed to a tracker. I've been offered one which has no exit fees. It would be the same monthly cost of a fixed so it gives me the freedom to sell up when…
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Mortgage Reserve
Hi, Being slightly dim at the moment due to huge amount of pain killing drugs so bear with me. I have a mortgage reserve account which I had been using to support my ex GF and me on a joint venture we under took to do up a house, rent it out and then sell it after a few years. I used some of my available mortgage reserve…
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Most common restrictions applied by some mortgage lenders
Hi All, What are the most common restrictions applied to mortgage lenders on the property you got a mortgage for (e.g. with lodgers, house renovation, ...). In other words, when I am going to shop around for mortgage what I should ask about (regarding restrictions)? Thanks, Dan
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Mortgage payments
Hi We are on a 5 yr fixed mortgage at 2.64% Then after the 5yr is finished we go onto Normal base rate for 8 months We are not sure if the repayments are correct We pay £498.75 per mth the loan is £30000
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Remortgage with Help to Buy redemption solicitor costs
I'm looking to remortgage my leasehold property with my existing lender to pay off the Help to Buy loan in full. I understand Nationwide offer free standard legal fees but I don't think this covers leasehold properties or Help to Buy. So I think I need to appoint my own solicitor. I've had quotes for around £800, does this…
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new mortgage deal with leeds on SO
Hi all Leeds are advertising that if you renew with them and are not changing any terms eg borrowing or years....you can go straight onto a new rate with no credit checks etc.....does this apply to shared ownership mortgages also?
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Approved mortgage subject to positive valuation.
Hi all, This morning i received an email saying.. Great news! Your mortgage application has been approved subject to receipt of a satisfactory valuation. Anyone else on the sane boat? What does this actually mean? Does it mean yes you have been approved but with a good report or even if we get a good report the mortgage…
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Overpayment calculator
I may soon find myself in a position to pay 10% a year off my mortgage for this year and the remaining 3 years of the term. Where can I find a calculator that will show me what my balance will be at the end of the term? If this comes to fruition, we could in theory pay the mortgage off, however; with the mortgage being…
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Stamp duty question
My boyfriend and myself are looking to buy a property together. He currently owns an apartment with his brother (50% each). He wants to keep that property (as his brother would remain living there) but the house we buy would be his main residence does this mean we wouldn’t have to pay stamp duty? I am a first time buyer.
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Bluestone mortgage’s help to buy
Me and my husband have reserved a new build plot and have made a bluestone mortgage application two weeks ago. Bluestone asked for our mortgage statements on Friday and made the hard credit search friday. Does anyone know the turnaround for instructing valuations, we are being pressured by the builder !
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Barclays mortgage application FTB
Hi hoping anyone can share knowledge / experience ? I submitted mortgage application on 28th June and I had an email from brokers saying the application was in and was sent to the underwriting process. Valuation was completed wed 3rd July Not had any update since apart from to sign declaration and send back which I’ve…
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CIS mortgage questions
Hi, So we are hoping to move in a couple of years. My husband is main earner and has been self employed for the last 5 years. He's a Ltd. Company but works under the CIS scheme. He's done this for the 5 years always in the same job type (joiner) but working for different companies. The last 1.5 years he's worked mainly for…
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Will I likely get approved a mortgage?
I’m looking to move out sometime next year with my gf who’s a teacher (I’m a postman). Bit of background information... I earn 18700 as a postman plus extra with overtime although I can’t say for sure how much this is and my girlfriend is on 30k. I earn 350 extra through benefits as I have bipolar but I don’t know if this…
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5 or Seven Year Fix
My current 5 year fix is coming to an end in a few months. The current deal is 3.39% and I'll have about £135500 and 19 years remaining on the mortgage. I have been offered a couple of options for another fix: 1.99% for a 5 year fix No fee. or 1.99% for a 7 year fix. No fee. I prefer the security of a fixed deal, and we…
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Title Transfer on Mortgage/Remortgage
Hi all, I hope this is the right place to ask this... I currently have a mortgage with Natwest, my ex husband and i broke up over a year ago and now i am looking at buying him out of the house with my new partner. I do not met the lending criteria on my own for the remaining mortgage, let alone any additional borrowing. I…
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Proof of Deposit
Hi All Looking to buy a house next year with my partner (looking at new builds so won't be applying for mortgage until about March), I already have the deposit due to selling of my house. Question in.. I put the money into an ISA with Oakbrook (via Monzo) as that was the best rate I could find. But I can't get a statement…
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ERC vs Porting
I am currently selling my home for £230k . My Mortgage with Nationwide is £124k I am 4 year into a 10 year fixed which means I would get hit with a £7500 ERC if I did not port my mortgage. I am trying to weigh up what is financially best. I intend to buy another home between £100k to £140k and hopefully be mortgage free. I…
