-
Gifted Deposits
I'm looking at buying a shared ownership property on my own, my boyfriend is giving me £5000 gifted deposit but will not be living in the property (he might stay on weekends but it wont be his permanent residence). If he signs a gifted deposit letter will that be sufficient or will lenders be questioning why my partner…
-
Redeeming Help To Buy Loan With Mortgage
Hi All, Any hell or advice on a few things would be much appreciated. I bought a new house in 2015 using the 20% help to buy loan and would like to pay this off before the interest free period ends in about 4 months time. I have just had an RICS Surveyor Carey our a valuation of the property. He carried out a desktop…
-
Consent to let for more than 2 years !!
Looking for some help here please from anyone's previous experience. I have been told that Natwest is quite supportive/relax in term of keep renewing the consent to let for more than two years ( couple of friends of mine where able to get CTL renewed for more than 4 years before then converted to BTL mortgage.) Does anyone…
-
Landlord Discount
Hello Everyone, I have been searching the internet for some advice regarding obtaining a mortgage, but I feel our circumstances are not clearly defined (or at least that is my interpretation). My confusion is relating to three main points: 1) Deposit - My wife and I are saving for a deposit to buy the house we currently…
-
When do you have to move into a property once bought?
Hello everybody, This may seem like a silly question but I've not been able to find an answer online. When you purchase a property is there a set time in which you have to move in or is it up to you? My current situation is that me and my partner are living with parents and saving up so we can pay a £30,000 deposit on a…
-
Old Mortgage Retention
We bought a new house in 1995 and the TSB retained £500 to be paid to the developers upon the road being adopted. It never was and we still live in the same house. We switched Mortgage to Halifax in 1999 but I don't know or believe the retention was passed to them. We then repaid the full £84,000.00 mortgage in full 2006.…
-
Remortgage - was help to buy loan a mistake ?
I bought a new build nearly 5 years ago using a help to buy equity loan with a 5 year fixed rate mortgage, in 6 months time I will need to remortgage and either start paying interest on the help to buy loan or add it to the mortgage. I wasn't expecting my monthly repayments to increase when it came to remortgaging, so it…
-
Tolata
Hi All, Very brief background, my ex partner and I bought together a property (joint borrower - sole proprietor (she is on deeds, I am not) and the house is now on the market for sale. We cannot come to a resolution for how the equity should be split, she is refusing to even respond to my emails....however I have put in…
-
New Mortgage
I have found a new house for £350,000 and will need a mortgage of £65,000. Annual salary £55,000. I have unsecured debt of £12, 000 (this includes a personal loan with £9,500 remaining required for structural work on my current house prior to sale. I am really concerned about late payments on credit cards though - I have…
-
Furlough mortgage
Hello - after some advice please :) we had always planned to move home this summer before the pandemic and we have found a house we want but I’m worried about getting a mortgage on furlough. The house we want is £400k and we will be putting down £100k so need a mortgage for £300k. my partner is still working and his job is…
-
Moving home - New Mortgage
Thanks in advance
-
5 year old flat with no warranty
Hello, Long story short I am currently in the process of trying to purchase a flat. It was converted from an older building around 5 years ago (the previous building around a century old) and at the time the developer took out a 10 year warranty with CRL, which due to Alpha insurance problems is now effectively void. As…
-
Transfer of Equity-messy breakup
Hello, This is a bit difficult, I have just brought a house with a partner but things have quickly escalated and he is currently not allowed in the property (police). I’m in a position to buy the house, he is not. He is currently not allowed to communicate with me. I need to do a transfer of equity and have the deeds…
-
Adverse credit Mortgages
Just wanted a little advice on mortgages especially for those with bad credit. We currently have an offer with Aldermore, however this expires on Monday and they won’t give us our full amount anymore as my partner is on a temporary salary reduction. Don’t want to loose the house!
-
Title Deeds on a property
We have title deeds on our property that say that we can't run a business from the home, does that include being a self employed tree surgeon, all we would be doing is storing a little equipment at the house in a shed & doing a little paperwork from home? Would this affect our mortgage?
-
Pay remaining fixed term monthly payments up front?
I'm in the middle of a 5yr fix with Nationwide and for various reasons I will probably need to move to Halifax for my upcoming house purchase. To avoid paying the ERC I was wondering whether there was a mechanism whereby I could pay the remaining monthly payments upfront. So for example, if I had 24 months left @ £1000pm,…
-
New credit card just before mortgage completion
Hi, I have had to take out a new credit card just after receiving our mortgage offer. I realised the 0% was going to expire on a credit card that has around £4000 on so obviously the interest charges would be high so I have had to apply for a new balance transfer card for the amount to be transferred on to. I will not be…
-
Money super market mortgage rates
Hi all, Just seen a mortgage rate of 1.49% from RBS on the money supermarket comparison site. Cant see that rate on any other comparison sites does that mean its an exclusive broken only deal through L and C or is it a mistake? I asked RBS directly and they said its only for 80% LTV, im looking for a 90% LTV. Any tips or…
-
Final account administration fee
Santander have sent me my final mortgage statement and are trying to charge me £225 admin fees. My mortgage contract states this should be £99 where do I stand thanks
-
Halifax mortgages - searches
Hi guys! We’ve had our decision in principle back from Halifax, and are now waiting for our full application to be submitted. My query is, what is seen during the soft search in order for the DIP to be issued? We were not expecting our mortgage broker to go with a high street lender due to our previous history. We have a…
