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Aldermore Mortgage FTB
Hi! So we have a mortgage application in with Aldermore (for obvious reasons). We submitted this a couple of weeks ago after getting a DIP. They've had a back log so it's taken quite a while but we finally have a Valuation date - Friday 18th October. Our MA says providing that the valuation comes back ok, he's confident…
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Mortgage if low income but high deposit - possible or not please?
Hi all Looking for some advice please for my sons. (I do ramble on a bit so apologies in advance :p ) I have 2 sons - 26yr old and 23 yr old - both currently living at home. They are hoping to buy a property together (would probably never afford it on their own). Youngest son wants to remain living at home with me as he…
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Credit checks... Home insurance
So we finally exchanged this week and we received a text from nationwide saying funds will be sent tomorrow in preparation for completion on Monday. I need to sort out buildings and contents insurance for the new house and was wondering if this will cause a check in my credit file? Our existing policy is with legal and…
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Survey didnt find obvious fault-now bought what can I do?
I bought a house which has a garage, we noticed water dripping in the front of the garage where the door is. It turns out the supporting beam above the garage door is totally rotten where water has run in . This rot can be seen from just looking at the beam. There was no mention of this in our survey and will now cost us…
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Virgin Money change of parties request
Myself and my now ex partner have a mortgage with Virgin since Feb 2018. Both our names are on it, but I now want mine off it cos we've split up and I'm moving out. I'm scrambling to find the money to put the request through (they want £175 admin fee plus there's whatever a solicitor will charge) but I'm wondering what the…
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Mortgage Affordability Advice
Hi All, Looking for some advice. Potentially looking to buy a house / Apartment in the greater London area (In future…..). Looking at a potential 2 bed with a valuation of approx.. £350,000.00. We are a married couple. I am self-employed (Ltd Company) and my company earns about £80,000 per annum (Before Tax) with me paying…
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Splitting ownership
My Mum helped me with financial trouble i was in. To make sure i paid her back I said I would transfer 50% of the ownership of my current property to her. Is this simply a case of completing a form? no money will exchange hands.
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Natwest mortgage with defult
Hello! I suppose, like most, just looking for some thoughts... our situation: My husband and I are FTB buying a new build with a 5% deposit (20k) which is a mixture of a gift from my parents and inheritance from my grandma (both from the US). We have also applied for the help to buy equity loan (78k) and we have since…
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Help - quite complicated...
Hello, So, me and my partner are hoping to buy a house together in the next six months. At present, my partner owns a house which he is currently renting out to a friend (after moving in with me in my rented house). My partner's mortgage fixed term expired recently, and he needs to remortgage, but about 3 years ago, he got…
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How stressful is this!?
Newbie here so please be gentle! We are buying an selling. We found a house, had full offer accepted for £223k with HSBC who we bank with. The vendor couldn’t get a mortgage so pulled out. We found another house, even got ‘the feels’ for this one as soon as we walked in. Agreed purchase at £225k. HSBC then said no due to…
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I want to sign my house over to my son, BUT
Hi. I would like to give/sign over my house to my son. But, should my son die, I want the house to then go to his daughter and not his wife. Is this possible? There is nothing sinister behind this, should my son die then I would like my daughter in law and my granddaughter to have a house each. *I'm 76, widowed, I own my…
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Credit check at completion
Hello, I was just looking for some advise as my head feels like its going to explode with stress ::eek: My partner and I are buying a new build house and we exchanged in June and the house it due to complete in December. When we had our initial Mortgage broker appointment they were asking us what credit cards would be paid…
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Buying my parents house
I just wanted to run the following scenario past a few of the brokers to see if there are any potential bear traps I haven't thought about in a bit of a crazy scheme we want to give a go! My Dad died a few years ago and my Mum recently remarried. She has had the house she shared with my Dad up for sale for about a month…
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1st Time Buyer
Hello there Ladies and Gentlemen, Quick question for you folks, hopefully you can help. Recently purchased a property in Eire on a BTL mortgage. I did not claim 1st time buyer grant etc in Eire. If I were to buy a property in UK, would I be deemed a first time buyer, can i get 1st time buyer allowance? Thanks All, Sean
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Natwest and dmp
Hi all, Everyone on here is so helpful and so I thought I would ask a general question. We plan to use a specialist broker however just wanted to gauge the likely response. I was in a debt management plan from 2012 until I paid everything off in June 2016. Since this no issues with any late payments or anything. Our fixed…
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Company Director Salary
Hi all, Looking for some recommendations or advice regarding our current mortgage application. I am employed and my partner is a company director (paid through PAYE and dividends). We have used a broker (free service) who has taken over 9 weeks to finally tell us that the "Senior Underwriter" will lend us around £20k less…
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LTV Threshold Query for Remortgage
Hi all, I am due to switch deals/remortgage next month and I am bordering on 90% LTV, it is at 91.07% at the moment and shows on the Natwest online mortgage management system that I'm at 91% LTV as it stands. My intention is to overpay to get the 90% LTV deal with Natwest and do a product switch. My question is, does the…
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Is rebate on Interest Only Mortgage likely? Where do I start?
Hi, Having had an interest only mortage for about 210k between 2007 and 2017. I had only intended to have the mortage for a couple of years but I encountered a problem that made it very difficult to sell the property and ended up paying every single month of the term of that mortgage before settling it bit by bit during…
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Old DRO and getting first mortgage
Hi, I have an old DRO on my credit history. This was entered into in April 2014, and I was then discharged from it in April 2015. I have no other issues on my credit report. I have a total income per year of £49800, and am looking at buying my first home. I have got an agreement in principle for the amount needed from…
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Interest Only Mortgage due to finish next year 2020 but there is no way we can pay it off
My husband and I have an interest only mortgage from 2005 - which is for £130k. House is worth approx £190K. I am 59 - husband is 49 - although I earn the most, and I am expected to work for at least another 7-8 years. No savings as such. What is our best course of action? Between us we earn around £70K - however we both…
