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Exchanging on a new build without a final mortgage offer
Hello, I have reserved a purchase of a new build flat due to complete in April 2020. I have applied for a mortgage and completed eligibility and credit checks, however, the mortgage cannot be fully offered as the bank is unable to access the flat to do a valuation as the building is still under construction. I am not…
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How do I reclaim overcharges on Mortgage?
I recently filled in a form on Facebook with a company that was adverting “Have you been overcharged for your mortgage”. They came back to me and said I have been overcharged by thousands and they were happy to deal with my mortgage provider and deal with getting the money back for me. Obviously this was not a cheap…
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How to end mortgage and make ex leave
My partner has a mortgage 30% shared ownership property solely in his name. His ex and children still live in the property and she has stopped paying the rent. He can’t afford to continue paying this long term plus maintenance and live so is looking to sell the property but despite offering her a large money incentive to…
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Getting a mortgage based on future salary?
My husband is currently in his final year of his nursing degree and has secured a job for next September (2020). We would ideally like to buy and move into a house before he starts so would like to get a mortgage based off my full time salary and his future salary. We also have a large deposit saved. Does anyone have any…
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Maiden Name & Mortgage
I'm hoping someone could give us a quick response on this matter. We are about to apply for a mortgage with HSBC and decided to check our credit files with Experian and Equifax. My scores and details are good on Equifax and excellent on Experian. My wife is stable on Equifax and excellent on Experian however she is not…
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Remortgaging a gifted mortgage free house
Hello there people after a bit of advice regarding my late nannas bungalow. I currently live next door but 1 to my nannas bungalow and have a mortgage on this property, but for sentimental reasons I now want to buy the bungalow. It's in my dads name and was wondering if he gifted it to me what would be the best way to go…
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Mortgage broker search
Hi there, Long time lurker, first time poster. Can anyone advise of a decent Mortgage Broker available to me in the North East? I dont think our case is too straight forward. 95% help to buy mortgage required. Husband started new job 2 months ago, I'm full time employed over 2 years (61k combined salary) he also has his…
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Newly self employed how long before mortgage?
My daughter and boyfriend have been working in his family business since Feb 2019 with a view to taking over from his father shortly. The business is an established printing business with profits around £50k. How long would it be before they would be considered for a mortgage to buy a house? The business has been running…
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Aldermore and credit search
Hi all, i put in our full application with aldermore yesterday after a few months of hassle trying to get the home report amended, and today theyve done a search on my credit report, ive aeen skme people say a soft check or a hard check whats the difference and how do i know? Also does anyone know how long a wait it is…
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How Fixed is a Fixed Term Mortgage?
:cool:Recently have been making overpayments and calculating how much of my 10% Overpayment Limit is left for the year. I discovered since doing this, each month the interest has been different. The following is an example and not accurate to my financial circumstances: April I pay £580 on a new 5 year fixed term loan of…
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help me choose my next deal
My fix is coming ot an end and I don't want to pay a £1500 fee upfront because we could do with putting any spare money towards new soffits and facias (the wooden ones are looking very tatty). For this reason I've removed the fixed offset deals from the list because I won't be overpaying in the next couple of years. I…
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Additional borrowing with less than a year of Fixed Term deal left
I’ll try and keep a long story short... We bought a new house in August 2018 and have been renovating it ever since. We’re now at the stage where we have near enough ran out of money and still have some work left to do. I have spoken to our current mortgage provider (Halifax) about borrowing more on the current mortgage…
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Advice for returning ex-pat
Hello, Having bought a house in 2003 and paying a mortgage for 10 years, I received a job offer I couldn't refuse and we moved to the USA in 2013. After 5 years due to various work and social changes we decided not to stay and come back. Selling the house we bought in the USA basically wiped out the equity we had built…
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Sale Price or Valued Price
Good Evening I’m after some advice. We are in the process of purchasing a new property - this is the first house to be sold on the development and is therefore the bench mark for the other properties on the site. The purchase price is £500k, but our mortgage provider has carried out a valuation for £400k - with a new…
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Personal Guarantee Solicitor Fees (BTL LTD Co)
Hi, We are getting a mortgage for our Limited Company to purchase a house. One of the stipulations is that all directors offer a personal guarantee to the loan. This requires a witnessed deed, and signed legal advise form. We are literally getting quotes that are half the cost of the entire conveyancing to undertake these…
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Mortgage on a UK visa
Hello, My husband is American and is currently here in the UK on a spouse visa. His visa came through in January this year (it is a spouse visa which is valid for 2.5years before it will be required to be extended) My husband has been working as a contractor since May so therefore is technically self-employed. I own my own…
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Breaking terms of mortgage not paying service charge
My current lender (platform) usually pays my service charge when the buildings company requests it or applies of a ccj, have been for the past few years, but this year they sent a letter saying that i have now broken the terms and if i dont pay the amount within 15 days they will instruct solicitors. any idea why they…
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Nationwide Overpayment Reserve and Underpayments?
Hi there, when you make an overpayments, they go to 'Overpayment Reserve'. Then you have 3 options to choose - to shorten the length, to lower the monthly payments or neither of them. My question is - what option to choose to have an opportunity to have the Underpayments or no payments at all up to 'overpayment reserve' if…
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Shared Ownership - Lease
Hi All, I am in the process of buying 50% of a shared ownership house with a housing charity . The house is not a new build and the current 50% owners have been in the property since 1975. The lease between the current 50% owners and the housing charity is now at 55 years and it has been agreed for a surrender and re grant…
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Mortgage expiration and re-applying
Has anyone had a mortgage expire lately, and has had to re-apply? Ours runs out at the beginning of December, and solicitors are still trying to sort out queries. My main concern is that if we have to re-apply, the property may now be under-valued. Property prices have dipped slightly in our area since we made the offer,…