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Tenants in Common - one party mortgage
Hi My brother and I jointly own a leasehold flat that we rent out together with no mortgage. The flat is worth around £140,000. I would like to release 75% of the equity of my 50% share with a buy to let mortgage for some home improvements of my own and to pay down my residential mortgage. My brother is risk averse and not…
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First time renewal and a stack of changes !
Hi guys and girls - long time reader shirt time poster here with a renewal due at the end of June ! Nearly 5 years ago now we got our first house and have spent the time since then renovating it and paying the fixed mortgage. Also my wages have increased slightly and the mrs has slightly too. The house has also gone up in…
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Being Brought out by Ex Partner .. general advise ...
So me and my ex partner split up and we was in the process of medication and the only thing we need to go through was about the shared ownership of our property that we owned 25% off. She has applied and been given a mortgage to be able to take on the house and use this to start the buy out process which we have agreed in…
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Leaving Mortgage Early and Selling
I'm a first time buyer and wondered if someone could explain a bit about leaving a mortgage early. I've looked through my mortgage offer but can't see anything about this - it only refers to early repayments. What would happen if I signed up to a 3-year fixed rate mortgage but after ONE year I decided I wanted to sell the…
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Help with getting account statement from Kensington Mortgages over 6+ years
Hi, I'm wondering if someone can point me the right direction. I wanted to know if it was possible to get copies of old mortgage statement from Kensington Mortgages. I have contacted them directly and they have said that we had an account with them over 6years ago and therefore they no longer hold any information. Is there…
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Father passed away... joint mortgage what happens?
My parents have joint mortgage for the property we live in (HSBC) and a buy to let property (Barclays). My dad was the main applicant and my mom was secondary for both cases. My moms yearly salary is for 2019/20 is around £25k salary + £20k dividends. We have £140k mortgage left on the residental property and is repayment.…
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Bluestone mortgage offer
Hi, My wife and I have a mortgage application with Bluestone, submitted 18 Feb via broker. Valuation has been done 3 weeks ago, last week later we got asked for a couple more bits of info, which bluestone received on Monday. We are on a dmp due to a life event in 2014 so have defaults from that year. 7 weeks from…
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Bath Building Society
Hi everyone, just wondered if anyone had a mortgage with Bath Building Society? We just recently completed and received our letter detailing our first payment date. The letter mentions we can overpay up to 20% of the oustanding balance each year. The way its worded makes it seem like you can only overpay yearly, however i…
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HSBC/First Direct
Hi, Has anyone had any update on valuations for around 85/90% LTV? Thanks
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Mortgage with low credit rating? Now told its a concessionary purchase !?!?!
Bear with me as this is a CF and I'm even confusing myself! And the mortgage company is Halifax. Dad died in 2018. House left to sister and myself. I have the option to purchase her share from her. We speak to the solicitors' FA re mortgages and how it would work. We had a Debt payment plan via Stepchange at that point. It…
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Porting a mortgage
WE have exchanged on the sale of our house and close to exchange on the house we are buying. We have a mortgage with Santander and the plan was to port it. Santander are now saying they will not consider applications to port mortgages for any properties over £500k (the one we are purchasing is over that amount). We were…
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Temporary reduction of salary
I have had a mortgage offer from HSBC that expires in September. I have to take a 20% pay cut temporarily. Will HSBC pull the offer because of this temporary reduction?
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Want to move mortgage now but cant find a conveyancer thats open or working online - help please.
Hello We have been found a great deal with a new lender but require basic conveyancing worth around £500 Can't go ahead without and mortgage will shoot up with current lender due to going onto a variable rate (new fixed rates are also crap) Does anyone have a recommendation for online conveyancers please thank you
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60% deposit new job
Hi, thanks in advance for any help. I am looking to buy a new build property (£235995) I have a deposit of 60%(£142000) to put down. Will it a problem getting a mortgage as I will am starting a new job in the new area? I will have a letter from new employer stating my new salary etc. Thanks again for any help
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First time buyer confusion
My partner and I have just had our first mortgage agreed and would have been ready to move in May, had the corona virus not hit. We are now worried as the housing market looks as though it could go into free fall and we’re very worried about buying a house that could end up with negative equity and never recover. Should we…
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Remortgaging a house owned outright to partly finance the purchase of another
Hi there, my husband owns a house outright in which my mother-in-law lives. We are currently private renting and are considering remortgaging the house to buy another for us to live in. Would remortgaging be our best option? One thing that bothers me is when we do eventually sell the house owned now we would be hit with…
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HSBC mortgage payment holiday due to furlough
Has anyone with an HSBC mortgage enquired about a payment holiday? I have just been furloughed for 3 weeks (could be extended but just 3 for now) so could really do with a month's holiday, so nothing drastic, but want to get the facts first and there is currently a horribly long wait on the phone! My questions are: 1.…
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Can I get a mortgage
Hello, I am wondering if there are any lenders out there for my circumstances. I have 2 defaults that are 30 months old and a few that are over 3 years old. None are settled. I have 1 credit card with 2.5k outstanding that I paying off about 300 a month but it is 0% and can clear easily eith savings I earn 23k a year and I…
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Can I remortgage with my help to buy at the same time as borrowing extra to pay off loans?
Hello, my partner and I currently have a mortgage which is coming to the end of its 5 year fixed rate in just over 6 months time. We got the mortgage with a help to buy equity loan so I am just looking at options. Houses on our estate which have been sold recently have sold for quite a lot more than what we paid so we know…
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To mortgage, or not to mortgage...?
Hi all, Really hoping you can help. My partner and our are both first time buyers. We have reserved a new build property. (We're using Help to buy equity loan). The building developer has said they're happy to wait until things go back to 'normal' before processing deposits etc. The house isn't due to be finished until at…
