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Multi way mortgage.
Hi. Complete newbie here. I have a fairly unique situation where my parents are emigrating but my Nan lives with them in a separate granny annexe. I’m 36 and one of 4 children. Two of the 4 have mortgages. My parents need to sell before they go to realise their equity as they have an interest only mortgage. I’m looking…
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Mortgages for properties in Scottish cities
Kind of a question, kind of a rant... I'm looking to buy a property in Glasgow. I'm slowly getting to grips with the Scottish system and while there are some very good aspects (compared to the English system) there are also some very bad aspects. I like the fact that you can't get gazumped and that the survey (for what its…
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Mortgage can i save
I have 2 years left on my mortgage £8400, im on standard variable rate 4.99%. No early settlement fee Is it worth changing with only 2 yrs left or can i save doing something else
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conveyancing
my solicitor has given himself 2 weeks off lucky him! Me and my partner are first time buyers, hoping to complete end of March. Should we be worried at all the solicitor isn’t around?
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Joint mortgage
Hi I’m hoping for some advice, my son stopped paying his half of the mortgage 6 year ago. As a pensioner I have been left to pay the full amount every month. Is there anything I can do by law ? I have left my half to my daughter in my will. He has never payed any home insurance or improvements or maintenance. Will he be…
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Remain on Mortgage - Remove from Title Deeds?
Hello, I am in a complicated situation where I am separated from my ex wife but still own the matrimonial home with her. (We are not formally divorced or even separated but have been separated for years) Time has come to buy a new home with my new family and being in Scotland, the 4% ADS (Additional dwelling…
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FTB - Applying for a Single mortgage because of spouse's bad credit - advice needed
I am really hoping that someone who has been in a similar situation can offer some advice. I am a FTB, who has spent a number of years building my credit report up, and improving my salary. I now have enough of a deposit and income to purchase my first home, and have obtained a mortgage in principle from my bank. I am…
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Mortgage on House Owned Outright
I own my home outright and have a BTL that I own outright. I would like to take out a mortgage on my home - how can I do this & get the best rate? Will it have to be a BTL mortgage? Or is there any other way of releasing equity at a low interest rate? Is there any way to take out a mortgage at the current 'normal' mortgage…
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FTB: Mortgage broker advice - Offer not what I expected
Greetings. First off, I know the thing to do is to call my broker and ask him, but... Just had my mortgage offer land on the doorstep *yay, someone will loan me money!!* Thing is... the terms aren't what I expected given the conversation I had with my broker before he submitted the application - but I'm not sure if it…
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Too Old for a Mortgage?
Thought life was set for good when I moved in with a new partner a few years ago, it's all gone wrong and I'm having to move out. I'm 61 and appear to be starting again. I'm just about to move in to rented at £650 a month I do worry how I will afford this in the future. I currently have a small business and struggle…
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Mortgage/Investment Question
I posted before a topic about what I'm looking to do: https://forums.moneysavingexpert.com/discussion/6103177/is-this-a-good-investment-mortgage-related Basically the situation is as follows: 1) Mortgage broker informed me the lender has issued me an offer, so the lender is okay to lend. Valuation was already done and…
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Nationwide hard credit search
Hi there, My husband and I applied for a Nationwide mortgage through a broker, and we recieved a text on friday last week saying an offer was being issued. My issue is, I have no hard search showing on any of my credit reports. My broker says not to worry as they will have done all of their checks before issuing the offer,…
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Fixed rate
Hi, I wonder if anybody could help.. I’m looking at getting a fixed-rate mortgage on my own after splitting up with my partner.. should I go for a five year fixed or a two year fixed ? I have 2 dependants & want to make the right decision)Any advice would be much appreciated. Jenny
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Mortgage deposit
Just after a bit of advice. How much deposit does my buyer need to pay on exchange? Is it usually 10%. I am buying a new build and need a 5% deposit on exchange but if my buyer only pays 5% i wont have enough money for the deposit having to then find another 8K. However if she pays 10% then i have the all the money for my…
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Caution on house
I have a caution on my house from 1994 from Barclays in my ex's name. I am remortgaging to pay off the interest only mortgage with my partner of 20 years. I paid the money that Barclays asked for to my solicitor 2 years ago and they paid Barclays electronically for me, to remove the caution. Recently, because of the…
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Over pay residential mortgage or put money aside to cover interest only BTL mortgage?
Hi all! I have a question. We have a buy to let mortgage on my old flat that we rent out which is interest only, and we also have a mortgage on our residential property. I’m setting up on own business so we can’t save every month but the months where we do have some money left, are we better off over paying our residential…
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Dmp and mortgage
Hello everyone! My first ever post on here. I entered a dmp in 2013. Its was settled a year ago and I have no defaults on my credit file. My Experian and Equifax report show no trace of the dmp at all. My TransUnion is showing two accounts with AP markers, the last one was registered Jan 2016 since then all green ticks. My…
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Natwest mortgage First time buyer
Hi we got our AIP with natwest last wednesday and put in a full application through a broker on thursday, today our broker has emailed and said they have assessed our application and our valuation is booked for tomorrow is this a good sign that they have assessed our application? Sorry im such a worrier and know it can all…
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Mortgage Enquiry - What we are entitled to?
Hi guys, Me and my partner are looking to step step on the ladder as a first time buyers. I am very lucky to be offered help with the deposit from my step dad. I'll try to explain our situation as detailed as possible, hoping to get an idea what we possibly be offered in terms of size of the loan. 1) I am employed - on 27k…
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Consent to let property selling and ERC
Hi, If I sell a property I took out ‘consent to let’ on, can I port it across to another purchase I’m intending to make where I need additional funds. I’m currently in the period where and ERC applies so looking for most cost effective method as the ERC doesn’t disappear for 3 years. Currently I’m living with parents but…
