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Separation - mortgage solutions / avoiding the ERC
First of all thanks to anyone who reads this and can offer any advice. The situation is this. My partner and I purchased a house together with a fixed rate 5 year mortgage, but after 2.5 years we have separated. We have provisionally agreed for me to buy her out of the house at an agreed sum. I can afford her buyout sum…
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Buying a house in a different city - any advisors help
Here is my predicament. My wife and I are actors but have spent the last year in full time jobs to try and get on the mortgage ladder. We would like to use our salaries (in London) to buy a house in Birmingham and once it's all completed, return to being self-employed actors again. We've no worries over paying the mortgage…
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Remortgage with Barclays
Any advice appreciated, my current value of the property is 414000 pounds and my current out standing loan (165000 mortgage and 53000 secured mortgage), so I wanted to do a remortgage combined these two for 218000 pounds. I had some defaults previously but my credit score now showing excellent. However, I have few standing…
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28 day exchange and mortgage offer
Hi. I have scoured the threads, just cant find my exact situation so looking for a little advice. Reserved a new build off plan back in esrly june. Was told we have 28 days to exchange contracts so got on it straight away. I dont have the best credit so we went to a local broker, got a dip with kent reliance, sent off the…
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Post Office Money/Bank of Ireland mortgages warning
Dear MSE, based on my recent experience I would strong advise people to not use Post Office Money/Bank of Ireland for BTL mortgages in the UK (and probably residential too). They lure us in with semi-attractive interest rates (sold as a Post Office Money product in my case) yet the follow-on service is appalling, such as a…
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Aldermore - From DIP to Offer - July 2019
Hi, I went through the sleepless nights and stress of waiting whether our Mortgage application would be accepted via our Broker with Aldermore. Spent hours reading on here peoples experiences from good to bad, but here's my experience: 27/06/2019 - DIP received via manual approval. It had to be referred to someone to look…
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Halifax new product code
Hi, I'm hoping a broker who deals with Halifax can maybe elaborate on this for us please. We have a mortgage offer with Halifax valid until next year, it was extended about a month ago. I've received an e-mail from our broker today stating our offer has expired and they have now extended it again. This makes no sense, I've…
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Using gifted money from parents to purchase property in Scotland
Hi there, I have just purchased a property in Scotland and in order to bid over valuation of the property, I will be using gifted funds from my parents. I do not need assistance from my parents in securing the deposit - I have already saved this myself, I only need help to pay the cash in excess of the valuation. Will the…
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Affordability - Profit share bonus
Hi all, Although i'm not currently looking at remortgaging I wondered what effect, if any, a profit share bonus has on mortgage affordability. My employer introduced this bonus recently. It's paid every 12 months in June. The first bonus equated to about 9% of my annual income, so it's quite welcome! As a side thought I…
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Any advice on Mortgage please
My Daughter is selling her house she bought on her own a couple of years ago. Along with a new partner they are buying their first house together. He is a first time buyer and has £30k savings. She has an as yet unrealised approx £35k equity in her unsold property. They have seen a house which has just gone on the market…
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Split from partner and looking to remortgage in my own name
My partner and I have recently split amicably. We are both named owners of a property and now live apart. I still live in the property and I intend to do so by remortgaging in my name alone. £10k deposit was paid entirely by me as well as stamp duty etc. I have paid an overwhelming majority toward the mortgage payments as…
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Mortgage after split with Two Children
I separated from my partner 7 years ago due to domestic abuse, we have two children together.He moved out and left me paying the full mortgage for the last 7 years. It was valued prior to him moving and was in negative equity, so there was no point in selling it and it's his children's home. I have been making the payments…
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Porting Mortgage Promise broken
We moved house last year and were told that we would have to get a new mortgage with the same bank we already had one with. During the application we were told that after a year, we would be able to port the two mortgages. A year later we are now being told we can't leave the new mortgage unless we pay an early…
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Coal mining report - Mortgage
Good morning, Hoping someone can help. Posted in here as mortgage is relevant. The property we are looking to purchase has flagged historical subsidence claims between 1996-2001. An accepted damage notice claim. All settled. Obviously alarm bells are ringing but we love the property. I know the vendor has a mortgage on the…
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Mortgage
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Remortagage parents house
Hi I wanted to re mortgage my parents owned home to raise money for home improvements. We wanted to find out how do u go about adding name one Transfer of equity then take out mortgage Or does the new mortgage deed cover ? Is it cheaper to do transfer of equity with a online broker or use lender legal advisor
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Santander Mortgage Process - Timescales
Hi All, We submitted our mortgage application with Santander on 18/07 via MA. We have just had a request for documents today, proof of names on our bank statements and questioning my partners' employer's name. Does this mean that we will now be put to the back of the queue, or will they pick this up straight away? Thanks
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Advice on marital separation and mortgages
Can anyone give advice on mortgage options my daughter is going through a very unpleasant marriage break up and looks set to lose her home as she cant afford a mortgage on her current salary does anyone know of any mortgage products that we could try to help her with ie guarantor mortgage - she can afford the payments but…
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Bank is doing a house survey should I also do one?
The bank are making a survey of the house to approve the mortgage, is this sufficient a survey to proceed with the purchase or should I complete my own survey. Would I be paying £400 for the same information? Thanks Sam
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advice please - remortgage process
Hi, Can you advice what/how is the remortgage process, please? I've got the approval from the bank and they ask for my solicitor's details. I've gave the details to my mortgage advisor who will update the application. So what's next? I assumed the bank will contact my solicitor and I just need to wait for either to contact…
