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Debt consolidation
We're hoping to move in the new year to a house approx £60k more than we're in now. We have 20k of debt after an expensive few years that we want to add onto the mortgage as the payments are £700 which is affordable but a struggle. We've weighed up whether or not to do this and sat and did the sums so don't need advice…
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Remortgage and separation
Hi, I am currently separting from my spouse and we will be applying divorce soo. I also have a property whose initial fix rate mortgage is coming to an end. We've agreed the details for transfer of mortgage and title between us to transfer both of them from joint to my sole name. Mortgage advisors have done checks and have…
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How will having a BTL affect my affordability?
A little complicated situation but I hope to keep it brief. Girlfriend has a mortgage on a flat. We’re looking to buy our first house together (I’m free of commitments). She would like to change her mortgage on the flat to a buy to let to rent out. How would this likely affect a MIP together. Is it better to sell up and go…
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Can you re-mortgage if your ex isn't living with you?
Just a quick one. Can't afford to re-mortgage on my own but house is still in joint names - will the fact he's not living with me make a difference? (Lets assume he agrees to this for arguments sake and ofc if I took 10k out the house 5k of that would be his) Would they base lending criteria on affordably of the household…
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Advice for my Offset Mortgage Dilemma please
I recently had major problems with First Direct offset mortgage. My fixed rate will end in one month time and their new offset product rates are almost 1% higher than repayment products, Much higher than before. In the past typically about 0.5% higher than repayment. We had a lot of debates with First direct customer…
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Porting
We're on a tracker mortgage with our current lender and the plan is to move early next year to a property about £60k more. As we're on a tracker there's no early repayment fee so we can leave and go to another lender at any time and then plan was when we move to apply for a new mortgage and go on to a 5 year fixed. When…
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Lifetime / retirement mortgages .... ??
Can 't find any details on the MSE mortgage pages on the topic of what we older ones can do ?? ... age 65 and original "interest only mortgage" due to end in a few months ... £160000 owing . Whilst i can afford to repay it .... i would rather not for now ... keeping that £160000 in my piggy bank can make a dramatic effect…
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Santander Formal Offer Withdrawn 2 weeks after issued
Hi all I am looking for a bit of advice if passable. I was contacted by my Solicitor and Mortgage Broker that Santander has withdrawn their Formal Mortgage offer to us on the Grounds of a Head Office Audit finding debt at another addresses. Our Mortgage Broker has asked for more detail and is looking to appeal this. We…
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Second Residential Mortgage
Hi all, I’m in a sticky situation. I currently have a mortgage of approx £98k on a residential home. I am the sole mortgage holder. Unfortunately, my ageing parents were left blacklisted and with no home and live with me. This was fine while I was single, but now I’m pregnant with my partner and we want a place on our own.…
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First Time Buyer Mortgage - Gambling
Good afternoon all, I was just wondering if anyone could give me a word of advice I have a deposit of 14k for a house of 133k between me and my girlfriend. But I have found out this morning that the bank want three months worth of statements during this time I have spent about £130.00 pound on gambling through online…
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NatWest Mortgages
Anyone been accepted through a broker with NatWest for AIP then turned down? Not sure what underwriters are specifically looking at!
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At what point is it a good idea to long term fix?
The reason I ask is that next year I will probably be within the 60-70 LTV bracket and there doesn't seem much difference in rates beyond this, so if I fix at 5 years at renewal on a low rate then any additional borrowing if I move is the only monies that would be at a higher rate if that makes sense, in addition to the…
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Help with Pcp and mortgage please. First time buyer!
Hi This is my first time posting and I'm looking for some advice please! I'm 25 and will be buying my first house with my partner next year hopefully! I currently have a car on finance which is due to run out July 2020. I have had this for 3 years and made payments on time and according to experian my account is in good…
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RTB - what price do I use for conveyancing quotes?
Hello I'm in the process of Right to Buy and looking for conveyancing quotes but what price do I use for quote, the full price of the property, or the actual price I pay with discount? Also when it comes to stamp duty, is this calculated on the full price of the property or the actual price I pay? Thank you
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How to declare credit union loan on application
Hi all, we are in the process of completing an online remortgage application with Santander. My husband has a credit union loan which is taken directly from his monthly wage and appears on his payslip. How do I declare this on the application? If I select unsecured loan it gives me the option of bank, building society,…
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Mortgage Pulled after Formal Offer
Hi all Hopefully someone can give me some advice. I have had a formal mortgage offer from Santander pulled today. The offer has been in place since the 3rd. We were about to hopefully complete on a house on Tuesday next week. My broker has called them. They stated that it was from a Head office audit. My Partner and I have…
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What comes next?
So Mortgage offer received Title documents & Contract received, signed, sent back and received by solicitor Mortgage deed signed sent and received by solicitor Searches have come back Our solicitor has submitted some enquiries which we'll need to wait to come back. What's next after this? What time frame did everyone else…
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Problems with Nationwide; advise?
Hi all, I'll try get to the point over whats occurred and would welcome any advise if there is anything we can do or it's our fault and nothing can be done, thanks. I own my property with my friend, we had a two years fixed deal with nationwide. we wanted to move when the two years fixed deal was up but no one has made a…
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"Potential" Conservative majority meaning
First time poster I hope this is okay. Looking to buy our first house this month. With the exit poll and the more than likely majority the conservatives now have. Does this leave me in a better position to negotiate or should I wait until after the 31st of January. Any guidance on this would be great Thank you
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Payment taken by bank for closed mortgage account
This is probably in the wrong forum but here goes! Basically we had a mortgage with Lloyd's and remortgaged with Santander. Paid off the old mortgage on the 3rd December and they wrote to confirm that we had paid in full and they had closed the account. On the 6th December I received a letter from them saying that they had…
