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Getting name off a mortgage.
Hello, help and advice needed. My partner before we met helped her mother by being a co-signer on her mortgage so she doesn’t have to move/sell. She has since then moved out and doesn’t pay anything towards the property. We now want to move from our two bed flat to a three bed house but we wouldn’t be able to get a…
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Remortgage Question
Hi All, I am looking for some advice regarding a remortgage. My current Mortgage expires in January and the rate jumps up a lot. I got a letter from my current bank telling me that If I sign into my account they have some exclusive rates for me. I have done this but the rates they offer are the same for everyone so not…
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Enact Conveyancing / Halifax - Desperate help
Hi, Absolutely having an appalling time with the 'free' legal services that Halifax uses. Enact hasn't responded to almost any messages or requests for callbacks, has consistently sent wrong paperwork, or just not sent any at all, and now Halifax has come back after 3 months - wondering about our HTB loan, when that was…
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Mortgage Illustration and Offer discrepancy
Hi All, I have just noticed that the mortgage illustration i received from my broker and the mortgage offer i received from the lender are slightly different. I have contacted the broker and waiting to hear back from them. Has anyone else faced the same situation? and what happens in this case? the illustration was…
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Mortgage application: temporary tax code adjustment
Good afternoon, I have a couple of quick queries in connection with applying for a mortgage for a first purchase. 1. Tax-free allowance. I temporarily (up to the end of the tax year) have no tax-free allowance, to true-up my income tax position for this tax year. It will resolve by March 2020 and has had the effect of…
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Mortgage Broker Recommendation (For self Employed / Ltd Company Applicant)
Hi All, Just looking for a recommendation for a mortgage broker . Mortgage will be a joint application betweeen my wife and myself. I am a self employed professional. Mortgage will be a residential mortgage. Thanks for your help. S
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Partners earnings taken into consideration?
Hi all Just wanted some clarity on how lenders work out affordability. I’ve had a number of friends say they’ve had experiences of the second person not being officially on the mortgage but had their earnings still taken into consideration - is this true?? We are debating the idea of applying for a mortgage in just my name…
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Joint mortgage after separation
Please could anyone advise where my daughter stands. Following her husband's infidelity, she has left him and is temporarily staying with me, with their 6 year old son. They bought their first house 10 months ago for 185k, with a 9k deposit. It has just been valued at 190k due to improvements she has made. She wants to…
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One Off Gambling Transaction - Mortgage Problem?
Hi Just after some advice/reassurance. My partner and I (first time buyers) have today had a £200K offer accepted on a house. The house will be on my name only. We're putting down a 10% deposit. I'm on a salary of £38K but only started my current job a month ago. We have an agreement in principle from Halifax and we're all…
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Mortgage declined after offer received?
Once you receive the mortgage offer can it be declined? Or is it safe to assume you can proceed without this worry?
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House valuation and LTV for mortgage
Hi guys, It's been a while since I've taken out a mortgage and hoping you can help me with a query. If I were to buy a house for £180k that was valued at £200k and took a 75% LTV mortgage, would I: A) receive funding of 75% of £200k (£150k) and then put down £30k of my money to meet the £180k purchase price B) receive…
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Lloyds threatening repossession but refusing payment!
Hello, I am a new poster and turning to you in desperation. Last year my sister-in-law died, leaving her house to her daughter (my niece) who is autistic and severely mentally ill. She owned the house solo with a small mortgage of a few thousand pounds held by Lloyds Bank. My SIL was in a relationship an abusive pedo who…
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TL purchase - completely different recommendations by two brokers!
Hi, I have salaried+rental income, my partner has solely dividend income. We are looking to make a BTL purchase in the South East (high value, low rent) and went to a local broker who recommended a 3.39% Precise 75% LTV 5-year fix product as he said the projected rent was insufficient to get a better deal than that with…
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Mortgage application - Advice Required
Hi all. We are looking for some expert advice with regards to the likelihood of finding a lender who would accept us for a mortgage. We are well paid, with a take home income of around (£125,000) - or around £6500 a month jointly. Despite this, we have around £19700 of credit card debt, using > 90% of our available credit.…
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Interest only mortgage ending in 12 years need advice
Hi, I need advice please myself and my partner have a joint interest only mortgage. For £112,000. The house is probably only worth £95,000. So we're in negative equity. I work full time and my partner is disabled and gets pip. We just about get by month to month. We're just treating the house as a cheap way of renting by…
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Second mortgage?
Hi all I have just remortgaged last month on a new 2 year fixed term but am considering upsizing early next year and wondered what options I have? Last time I spoke to my advisor he mentioned that porting my mortgage was not available so if I wanted to upsize I would have to apply for a second mortgage? I currently own…
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Co ownership
Hi. Just asking for some advice regarding my rights. My parents are in the beginnings of a divorce. One parent wishes to sign their half of the family home (the home they brought my siblings and I up in) over to my partner and I. Which would mean we own 50% and the other parent owns the other half. We currently live in the…
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Lodgers - Santander Mortgage - Is consent required?
Hi guys, I was wondering if anyone has experience with this before I go down the route of contacting Santander. I currently have a mortgage with Santander. I own a three/four bedroom house with my partner. We are thinking of having lodgers in the house, possibly two who would be given a lodgers agreement. My partner and I…
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Paying off H2B vs lump sum overpayment
Hello and thank you for reading. I am in a slight dilemma and I hope there is a somewhat obvious solution as I might be too close to the wood to see the trees. I am currently in a position to pay off my H2B loan on my apartment, which has appreciated in value by 40% and I anticipate that this will not drop anytime soon due…
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Advice needed for FTB with Dodgy Credit History!!
Hello, Thank you for looking first of all. My partner and I have applied for a mortgage with Halifax. We are first time buyers. We got a dip from Halifax via our broker and we then submitted the full.app on wed. The valuation is now booked for Tuesday. However I am extremely worried that they wont offer us a mortgage due…
