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LISA Release
I wonder if anyone can shed some light. So we opened our LISA early Feb last year and we are FTBs and obviously intend to use it towards our first home. Can we only use it towards our first home in Feb or can we reserve a house and asked for the funds to be released then to avoid paying the fee or should we just wait it…
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What can i do?
So 18 years ago myself and ex got a mortgage in joint names, interest only mortgage and remortgaged twice in that time. We have 3 daughters 16 12 9, one lives with and 2 him. I left him 3 years ago. I now have a rented house. We have a loan on the house to which im paying half, im not paying him anything for the house but…
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First time buyers - loan from parents towards deposit
Hi, My partner and I are looking to buy our first flat together, currently renting. We are lucky enough to be getting some financial help from our parents towards the deposit. My partner's parents also have a decent amount of extra cash they are willing to loan her, with interest rates well below market value and…
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Financial advice needed for a complicated mortgage
Hi all, I'm new here, so please bare with me. I (like many othes) would like to buy a home. I'm in a full time employment (PAYE). The house costs around £300k,my mortgage company/bank would lend me £115k, I personally have around £100k in savings,so I need an extra ~£85k. A (distant) family member has a Company and said…
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First mortgage payment
hi. Looking for advice. Mortgage loan completes 24th aug. Illustration is conflicting and says first payment due plus interest one month from completion date. Do i pay one or two months payments on sept 24th?
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Mortgage cashback withheld by solicitor to pay legal fees
We recently completed on a house sale. Our mortgage included an offer of £250 cashback upon completion, to be paid with the mortgage loan as a lump sum to our solicitors on the day of completion. This amount was sent and is present on our statement of completion, however it appears the cashback has been used to pay the…
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Natwest FTB advice
Hi all, My partner and I are both FTB going through a mortgage application with Natwest VIA a brooker (75% mortgage as using help to buy equity loan from govt). Our timeline so far: 31/07 - DIP by Brooker Accepted 05/08 - Full application submitted 12/08 - Payslips requested and sent 14/08 - Valuation requested and booked…
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Buying Parents house, and renting out theirs
I cant find any threads like this one, but it is a bit of a strange one! My parents live in a small house in the North, where house values are low compared to where I am. I am considering buying them a bigger house, and then renting out their existing house, to offset the mortgage payments I will be making on the new…
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Can I get a buy to let on a property I own outright if I’m not earning?
Hi all, I’ve tried to research this myself but I’m struggling to find the answer and I know there are some real experts on here. I own a rental property outright as well as the house I live in with my young children. (Please don’t judge, I’m only in this amazing situation because my parents died when I was young). I am a…
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Applying for a mortgage
I have a mortgage broker who has been recommended to me and finding her not much use. She has now sent an application off to a Leander. The question is there anything stopping me going to another mortgage adviser and having two applications? My big concern is I am self employed. Thanks in advance for taking time to…
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Very small mortgages
Shared ownership properties locally start at £12,500 and go up. DD1 is interested in buying a 25% share in a property but requires a mortgage to satisfy the housing association. The smallest mortgage she can find is £50,000 which us far more than she needs and more importantly on an income of £10,000 a year it's far more…
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Nationwide Mortgage - Waiting Game
Help! I’m frustrated beyond belief! Offer accepted on house 31/06 Mortgage application went in to Nationwide 14/07 (previously went to Barclays but fell through) Valuation booked and provided same day 17/07 Questions from nationwide re paying loan off - provided answer same day as well as proof 20/07 10/08 - application…
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HSBC Mortgage Stuck - Help :(
Hi all, Sorry for such a rant, but I feel I'm at my wits end and don't really know where else to moan! I'm a FTB with my partner who is also FTB, and we offered on a property on the 14th July this year. We applied for our DIP via HSBC directly on 16th July, and submitted a full application the same evening. It's now stuck…
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Getting a valuation for a better deal?
We purchased our house almost 5 years ago and took out a 5 year fixed rate mortgage deal. We have two months left on our current fixed rate deal. During the last 5 years we've had added an extension to the property and made numerous other home improvements. In addition to this two similar properties on our street have…
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Metro Bank - withdrew mortgage on day of exchange
So, I recently learned that a bank can withdraw a mortgage offer at any point, even after you have exchanged contract and paid your deposit, which could potentially leave you facing big losses! In my case, Metro Bank withdrew the offer of a mortgage on the day I was meant to exchange contracts, putting me in a very…
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Releasing Equity on current property to buy next property
Hello All, I wanted to know what are my options and which lenders can support me. Currently I have a mortgage on my current residence, and I have accumulated some equity. I want to buy second property and that would be my primary residence. And the current property would be my second property and will be changing mortgage…
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Precise mortgage AIP with defult
Hi, I’m looking for some advice on how successful you think my application will be!! I’ve got 6 defaults on my credit file all from 2017/Jan 2018. All settled via a DMP by Jan 2019 No other credit taken out apart from car on finance. No missed payments or anything since then. Precise are the only ones who would offer to…
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New build Mortgage
Any high ltv new build mortgages available at the moment?
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CCJ and Help to Buy Help
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First time buyer mortgage - are we eligible?
Myself and my partner are looking to buy our first home. We have almost saved our deposit and are looking to buy as soon as possible. The house price is 115,000 and we have a 10% deposit. My partner has been working at his job full time since February and earns £18K a year. I was due to start my new job earning 16k a year…
