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Re-negotiate price
Hi, My bid on a property i have placed has been accepted, and is in the progress of the buying process. In the current economic market, I would like to know how can i re-negotiate the price. In addition the property needs full gutting and rework internally. Any ideas on how i could approach this matter, and when it would…
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Will a Declaration of Trust effect my mortgage application?
Hi, looking for advice. Me and my partner are buying a house 50/50.. however he has a very good credit score and mine isn’t very good. Therefore we are thinking of putting the house in his name and then getting a declaration of trust which would entitle me to 50% of the equity, 50% of the house and 50% of the deposit.…
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Just been given full settlement figure for Halifax, but details are for Lloyds?
Just been on hold for over an hour to get through to Halifax and ask for the settlement figure for my mortgage. They gave it to me and said they would give me the account number and sort code I need to pay. I said I already had Halifax number as I've been making over payments They said it's a different account for…
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Re-mortgage
HiI am due to re-mortgage in August, would I be wise in getting tied into a deal now? I did a money supermarket comparison and a company Fluent Mortgages provided me with a good deal as I wanted to barrow more but they can arrange it now to start when my current deal expires. Any thoughts or advice would be appreciated.…
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Remortgaging Buy to Let
Hi Can someone help with the question below. Someone has a rental property valued at £210000. The mortgage remaining is £115000 and the equity in it is £95,000. What is the maximum amount of money they could release from it to put down a deposit on another rental property ? The other rental property is valued at £345,000.…
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Hopeful for a HTB mortgage late 2020
Morning! The wife and I are hoping to buy through the 5% deposit/ 20% equity loan HTB towards the very end of the year, with a hopeful value of around £225k-£250k. I understand that COVID-19 has changed the ballgame in terms of what will be available considerably, and nobody can see into the future, but any help would…
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Sole Mortgage Joint Ownership
Hi - I own my home with my partner but the mortgage is in my name only. He was written into the deeds as joint owner. If anything were to happen with our relationship what options do I have? Could I remortgage to buy him out? Or if we sold the house, where would I stand then? Could I buy another with a remortgage or would…
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Seller had accepted my offer on a house before covid 19 will they still do 5% deposit mortgages
I only have a 5% deposit and the offer had been accepted on the house but now we have gone into lockdown will they be doing them again as when lockdown is back to normal
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taking a mortgage break
Hello, I am in the process of my ex buying me out of our property which is currently on hold. He has asked me if I am willing to take a mortgage break. We are both still in full time secure employment, so do not really need to take this, would it be granted in the current climate and if we took the mortgage break would it…
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H2B mortgage - pending valuation -- used broker from House Builders
Hi, I'm buying on London H2B equity loan. My mortgage advisor was suggested by broker - and seems whole of market and generally independent and was also free. I'm not very happy at continuing with my reservation price that I agreed last month due to uncertainty. Options are i) walk ii) renegotiate the price - I have…
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Is it Cheaper to Overpay or Pay a Lump Sum
Hello, we have a £70k Interest Only mortgage at 4.59% and have inherited money that allows us to pay it all off. However, when we run checks on Overpayment Calculators, it seems to show that paying £70k in one go will save us £29k interest, but that £60k and also £50k in one go will save the same amount of interest. But…
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Mortgage Porting agreed In Feb
Hi house under offer found another house porting mortgage with Clydesdale to new property all agreed back in Feb. Since covid-19 our purchasers purchaser pulled out but they have found another buyer (yet to offer due to covid-19). We paid £499 fee to port mortgage and £100 valuation fee. The mortgage porting offer last…
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Buy to let mortgages
Hi there does anyone know what the best fixed rate buy to let mortgage is without fees. thanks
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Early product transfer
Hi all, Perhaps too much time on my hands, but recently I've been considering whether it's worth taking a gamble and switching deals early, paying the ERC. With the housing market predicted to drop by 13% and mortgage lenders likely to increase rates, if I wait it could be a double hit of being in a higher LTV band and…
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Parents remortgage house and lend to daughter
Hi Wondered whether it is possible for parents to remortgage their house and then on-lend to their daughter on same/similar terms (to avoid being deemed a gift). Proceeds would then be used by the daughter for property development/barn conversions? I guess can it be done and if it can, which lenders may allow remortgage…
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Lost policy details
In 1991 I took out a mortgage with the Halifax and took out an endowment pension policy with Prudential. In 2000 my wife and I parted and sold up. No further premiums were paid on the policy and the documents are long gone. Only recently I contacted the Prudential about this policy and they said that they know nothing…
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Barclays re-mortgage
We had an existing mortgage which was coming to the end of the term in April 2020 but also an interest only and a mortgage reserve that needed paying off. In February we had a telephone appointment to start a mortgage application to cover the amounts of £78500. There seems to be huge delays with the dealing of our mortgage…
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Who can check my credit file to advise if I can get a mortgage?
Hi, I would like someone to check my account and advise if I would be able to get a mortgage...and if not tell me what I need to approve so I would be successful in getting a mortgage. We are being gifted money for a deposit but I don’t want any nasties to appear and be rejected because of my credit etc. Who would this…
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Lenders continually withdrawing low rate mortgage products
Hi all, first post. In my first attempt at posting I may or may not have flew into to a big written rant and my mobile decided to lock up and deny you all the privilege of reading my words of rage. I am a little calmer now, so let's try again... Has anyone got any thoughts on the shrinking list of mortgage products…
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Interest rate will it drop on bad credit morgages like kenstigton
After covid 19 will the rate drop i have to go with a company like kengsington cause i have 2 satisfied ccjs as i know there rate is high will it drop after the lockdown
