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Savings for LTV 90%
Hello, I am considering to buy a property around £700k. How much do I need to save for LTV 90%? - £70k deposit - £46k stamp duty (additional property, but first time in UK) - £Xk for extra fees => about £120k in total? Do I need to provide proof for deposit + stamp duty + extra fee? Would be able to provide proof for…
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Gazumped ! Mortgage offer withdrawn
I put an offer on a house back in October but the mortgage application was declined. I got a new broker who found a more suitable lender and I put another offer to the seller which was accepted but the seller wanted to keep his house on the market until my mortgage was in place due to my previous mortgage failure (no…
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Re-mortage questions
Hi, We completed on our first home in August two year fixed mortage. Circumstances have favoured us since taking our mortage application pay rise and partner is out of her probationary period at work. I’m looking at changing my car which will cost more a month that my current car. Question is when we come to remortgage it…
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Co Ownership NI - Leasehold / Freehold
Currently saving for a deposit on a house and was just going to purchase a property that way. However, I have been thinking lately of applying for co ownership with the intention of staircasing to 100%. I have had discussions with a few banks who have said I can always apply to staircase quicker subject to affordability.…
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Mortgage Express Problem
Hi everyone I hope this is the right forum, please move if not. I have been with Mortgage Express now for many years and always paid my monthly payments on time (it's not on direct debit), but when phoning them to pay as I usually do on the last day of the month, their phone system shut as I was in the queue. It just cut…
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Help 2 Buy is it a good idea??
I am a ftb and my partner is not although he doesn’t own a property at the moment. We have been in rented for years and are desperately squirrelling money away for a deposit. For the home we need for us and our children in our area we are looking at £20/30k. I have slightly adverse credit so we are looking at 10/15%. This…
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Self funding self build mortgage?
Hi, Does anybody know of a lender that would look at this: Barn with full planning for conversion 1/3 of the barn has already been converted to a holiday cottage so has all services, 2 bedrooms etc. The holiday cottage is included in the planning permission for full residential use. I would like to buy with a 25% deposit…
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Santander mortgage advice
Hi, Me and my partner have applied for a mortgage online with Santander. After uploading all the documents they asked for we got told the underwriters had looked at it and it was approved. We therefore assumed it was moving forward. However today we were asked for more info. This info was my partners bank statements from 3…
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Halifax and 1 years accounts.
So have a AIP from Halifax. Using a broker and I'm stressing BIGTIME. My circumstances are as follows. I have a 17/18 SA302 but this is for a now insolvent company that's about to be struck off. Its also only for 25k. My 18/19 SA302 is for my new company established July 2018 and was submitted for almost £159k. My broker…
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Borrowing against equity
I bought my place for £133k about 13 months ago. It was an absolute bomb site, and I've spent c£20k getting it how I want it. Doing so meant I've taken on quite a bit of debt though. However, I only owe £108k on the mortgage, and recently 3 houses on my street have sold for just over £170k each. None of which were in as…
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Mortgage Renewal & Revaluation
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Help to Buy equity loan
Hi, Just a quick question as I have been given 2 different answer from different people on the phone at Nationwide. So we are approaching the end of our fixed deal with Nationwide and also the end of our first 5 years with the help to buy equity loan. We are looking to do additional borrowing to clear the equity loan in…
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Habito - Impact Specialist Finance
Has anyone used them before? They are recommended by Habito for people with impaired credit history. We already have a broker in mind when we apply for our mortgage within the next few months but I thought I would pop on here to see peoples thoughts about this company.
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Stamp Duty When Removing Someone off Mortgage
Hi I have a flat which i'm in the process of remortgaging and the solicitor has advised that it may result in stamp duty be appropriate. When i've questioned it they've said they dont give tax advise etc.. This is my situation, i bought a small flat some years back to rent out, just to get on the ladder. At the time i was…
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Should I challenge my mortgage lender's valuation?
I'm new to this forum, so please forgive any mistakes on my part or the absence of acronyms. My fixed term mortgage is due to expire in September 2020 and I'll be looking to take out another fix (probably for 5 years, but maybe 10 years depending on circumstances closer to the time). When I bought my flat (2 bed, 1 bath) I…
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Remortgage & Marriage - Sole or Joint?
I am getting married next year. My fiance & I each own our own homes & a rental house each. I am moving into his house which is due to be remortgaged around the time of our marriage. I am worried that this could trigger the additional stamp duty charge. We both prefer if he can remortgage as a sole applicant. He is…
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CII CF6 Exam
Hi All, I'm looking to study the CII CF6 exam and was wondering if anyone could point me in the right direction of some more condensed study notes for this paper? I've passed their R01-R06 exams using Brand Financial's study notes as I find the CII's books really dry and repetitive. However, Brand don't seem to have study…
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Mortgage for Building Conversion with Conditional Planning Permission
Today I saw a detached single-storey barn in a walled courtyard configuration, with conditional planning permission to convert to a dwelling. The conditions state only that one area of the development be barricaded to prevent motor vehicle access, and that development works begin within 3 years, by July 2020. It also…
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Single mortgage application with second income.
Hi all. Quick question. Looking to buy our first house. We have the deposit just struggling for a mortgage because of my credit history. My partner has perfect credit history and rating but a low income and I have a rubbish history and have a default due to come off my account 12th June 2020 but I have a really good…
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House Value from Mortgage Valuation
Hi all I am in the process of just about to fully complete on a property in Scotland. The house is worth 190k. We have agreed in a sale of 175k due the property being in Probate. My mortgage provider has sent over the mortgage documents. There valuation states that the house is worth 175. Is this an issue going forward ?…
