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Coventry Moregage Loan
I am hoping someone can help provide some advice/guidance regarding unsecured loans taken with a mortgage in 2005. In 2005 I took out a 110% mortgage with Coventry under the product Moregage. In 2014 I sold the property and was informed the Loan part interest would increase. At the time I was moving out of the UK and just…
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Mortgage eligibility for a Freelancer / Self-employed: based on NET or GROSS income?
Hi, I'm self-employed, (trading as a Limited Company, 100% shareholder/director - not sure if any of this matters) and I want to apply for a mortgage this year. Would my mortgage eligibility be based on my NET or GROSS income? I've been told it's different if you employ yourself. Thanks in advance for your help!
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Taking out another mortgage to move house
Hiya just looking for some advice if anyone can help me. I currently own a flat myself and my outstanding mortgage is 135,000 approx. I have fixed rate with HSBC for the next 18 months. I am moving with my partner and we are buying our next property together. As I'm tied in to HSBC I can transfer my mortgage to my new…
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Buying a house for a family member
Hi, As can be seen in my signature I am mortgage free. I have learnt that an elderly lady in our village will have to go into residential care shortly and she must sell her house to pay care costs. I have spoken to her family and they have agreed to give me first refusal. The house needs work because it has not been…
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first time mortgage application
Hi All just after some advice, obviously will be speaking with a mortgage adviser at the correct time however currently just piecing all the puzzle together. currently i own a home, i own this outright and do not owe anything on it. We will be putting this on the market in the coming weeks, current valuations indicate…
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Converting to interest only mortgage (Santander / Alliance & Leicester))
Hi all I have a mortgage with Santander (its actually an old Alliance & Leicester one), and would like to convert it to interest only - at least for a couple of years. Following a recent redundancy and then cancer diagnosis I have decided to completely change my life and so have signed up for a post-grad course (lasting…
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Help to Buy Mortgage - Adverse Credit
Hi All, My partner and I are looking to purchase our first property using the help to buy scheme and we are looking for some advice due to poor credit history. I have had defaults and payday loans all of which were settled in 2014 although some are showing on various credit reports as 'last updated in 2017'. I also had…
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Help to buy repayment - solicitor side
N/a. Thread no longer required
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Borrowing more from current mortgage lender
We are helping our daughter buy a new house by paying her deposit and legal fees from the overpayment fund of our mortgage. However her house needs some building work doing to it as well. Do you think the mortgage lender would allow us to borrow another £10,000 to pay for this? Our mortgage is about 30% of the value of our…
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Securing a Mortgage while working oversea's
I work for BAE systems oversea's (tax free). My wife and daughter are still living in the UK and i am currently renting a property for them to live in while i work abroad. I want to know where i stand for a few things regarding securing a mortgage. First, will my currently salary be taken into consideration as tax free for…
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Secured Loan Repossession - Help needed with Defence / N244 / Counterclaim
Hi, I have received notice & court papers for a repossession hearing claim from secured loan. I would like to apply to the court to have this struck out / dismissed without a hearing and would really appreciate any guidance & help in doing this. I would like to submit this to the court as soon as possible... Do I need to…
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FTB - Looking at Options
Hello all, Looking at options as First Time Buyers; I work full time (Armed Forces) and with our first child recently arrived and a less than ideal (out of our control) house move the wife is currently not working. Household Income: 34,000 We have absolutely no debts/loans etc between us, no CCJ's, pay day loans etc. Both…
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Mortgage approved now a loan?
Hi Just wondering if any one can offer any guidance. We recently purchased a 4 bed house for 182k. It's dated and needs a new bathroom, kitchen & carpets throughout etc. We have got the deposit from the sale of our home and some savings which we have. We are going to need to spend around 30k getting work done, walls moved…
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Equity release
I am currently struggling to finalise my equity release process. My wife (we are separated and I live elsewhere) has said she wants to buy me out of our house we've had for 18 years. I am not on the deeds but have always been on the mortgage. She is telling me she has already changed our mortgage from joint names to just…
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Pay with CC or from Savings?
Some background first... So, I'm in Scotland and currently in the process of separation from my wife. That side of things is all in hand and I am shortly due to pay her a lump sum (£6K) by way of completion on the separation. The current home we both live in is a non-matrimonial asset (100% in my name and purchased prior…
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2018/19 tax overview screen
Hi all, I've been asked by the bank to provide proof of earnings for my mortgage application - my last two self assessment submissions (17/18 & 18/19) as well as various other bits and bobs relating to my business. My accountant submitted my 18/19 self assessment in May (I wanted it completed relatively early in the tax…
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Mortgage following acm cladding replacement
Hi everyone, advice would be greatly appreciated. We are currently in the process of selling the flat that had ACM cladding on it but is being replaced. It will be replaced by December this year. Mortgage companies have told us that mortgages will be offered against the property when this has been replaced. However does…
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Bank wants letter from accountant
Hi guys, I have applied for a mortgage and the lender has requested a letter from my accountant. I have never had any problem with the accountant so never bothered to ask about their qualifications or anything. I have found out my accountant is a member of AAT only and there is nobody in the office that is chartered or…
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Partner has adverse credit - Help!
Hi folks. So here is the situation. My partner and currently selling on properties. Looking to buy a property valued at 160k and putting 10% down needing mortgage of 144k. I have 28k credit card debt, which after selling i will clear half of. Also will have 4k on car finance to pay. My credit hidtory is good, no adverse.…
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confusion over DIP/criteria on intermediaries site and chances of mortgage
Hi, I'm somewhat confused and hope someone with more knowledge and experience than me can help? ( so that's pretty much anyone! :D ) My son is looking to buy his first home, and as such applied online for a DIP, which he got, from HSBC, he earns £27 200 p.a and the DIP came back at £129200...4,75x his salary, incidentally…
