-
Secured Loans
Hi, i'm currently going through a divorce but court action is on hold due to COVID19. I stupidly during my marriage co signed for a secured loan against a property owned by my husband but not by me. I am awaiting the court's decision re my liability for this loan. however, in the meantime can anyone advise the likelyhood…
-
Who knows which lenders are still taking bonuses into account when calculating affordability?
Apologies if this has already been covered but my partner and I have finally managed to find a lender that will take my bonus payments into account when calculating our affordability. Whilst this is great news and will allow us to buy a house we know we can afford, the rate is far from competitive..... I just wondered if…
-
Nationwide and Furlough
Hi my sister has to sell house ( relationship breakdown) which she has a fixed rate mortgage on that is portable, however Nationwide has said that she cannot port it as she is on furlough. Therefore she still needs to sell but as she will have to repay mortgage she will have to pay £2000 early repayment fee and then re…
-
Santander - FAST mortgage offer !!!
BTL mortgage 75% of £420k my credit rating is like platinum -never issues Applied for about 2 weeks ago. Agreed subject to valuation within 48 hours. Valuation THIS MORNING Text to say offer issued THIS AFTERNOON ! Wow
-
Right to buy mortgages
I’m looking at buying my mums house. We’ve lived there for 20 years. It’s located in ingatestone Essex. It value is probably around £350,000. Where should I be looking and what should my expectations be?
-
**First Time Buyer** - definition
This may sound like a silly question, but given that Nationwide are currently offering 90% LTV for FTBs, I was wondering if anyone can clarify the definition of a first time buyer for me? Do you truly have to be purchasing your very first home, or could you be classed as a FTB if you don't currently own a property?…
-
Mortgage/broker advice
Hi I am looking for some advice please. I applied for a mortgage with HSBC through a broker 5 weeks ago. (Prior AIP, offer accepted etc). The application has now been over 5 weeks. A few extra documents were requested over 2 weeks ago but we have heard nothing since. My mortgage broker seems to keep giving me conflicting…
-
Switch from Libor
I have had a interest only deal following the Libor rate. This is due to end soon (libor) what will happen then will I be forced to re mortgage when libor no longer exists?
-
Mortgage help please
I'm really hoping to get a mortgage, but to be honest I have absolutely no idea where to start. I'm 50 next year, a single mum to a nearly 18 year old and I work full time - but its a zero hour contract. I average out about £19,000 doing palliative care. I live in a housing association house, and there is no right to…
-
Utility account changes
I found out that our gas account wasn’t on my credit file because it was added to my credit file (unbeknownst to me!) the same week we got a mortgage offer. It’s dated as opening when I requested it (Feb) but added in July. I THINK it was done day before the last credit check was done on Experian but my equifax score has…
-
Buying someone out of their share in a jointly owned house - step by step help please
The house is owned as joint tenants by two people, one wants to be bought out of their share, they don't currently live in the house and own their own house elsewhere. This will involve the remaining owner's partner buying into the property. There is currently no mortgage on the property but a mortgage will be needed to…
-
AIP for shared ownership on benefits
Hello all, Hopefully this is the correct forum to ask this question, feel free to move it to a more appropriate place as necessary. My partner and I have quite a complicated case on our hands, I will try to keep this as short as I can, but basically we are currently looking to buy our first home together and are at the…
-
Mortgages as a single person??
Hi, I have just graduated from uni and have a savings plan for 11k for a deposit (using a lifetime ISA). I have been offered a job as a teacher (30k a year) and have been with HSBC for as long as I can remember! Never switched banks or anything and my credit score shows as “excellent” on Experian. With no debts, a good…
-
New mortgage with defaults on credit file
My husband and I have sold our house and have had an offer accepted on another property. Due to defaults on my credit file we have had a mortgage declined. Does anyone have any experience in being accepted with defaults, or should we just give up now? I have three defaults in total, the last being Jan 2019. All of them…
-
Remortgaging and Help to Buy redeeming- what fees do I need to pay?
Hi, I’m currently in the process of redeeming help to buy and remortgaging. I have got in touch with a few solicitors for next step in redemption process. I have a variety of quotes and solicitors telling me different fees I need to pay. One has told me I need to pay a fee for local authority search, coal search and land…
-
Exchange deposit - HTB
So when i read last night that there is a mortgage deposit and an exchange deposit i almost had heart attack. Although after a bit further reading they are more or less the same thing. I'm looking to purchase with a HTB ISA, so wont actually see the bonus. I was wondering if anyone has managed to arrange a lower exchange…
-
Mortgage offer needs extending and bounced direct debits
Hi Me and my partner got a mortgage offer approved beginning of March with Barclays, this runs out in September. We will need it extended, as due to hopefully complete in October. I very stupidly forgot to transfer money across due to confusion and timings. So 3 direct debits bounced back. I am paying these this month, two…
-
Can it be true? Mortgage - Halifax 85% Ltv
Hello, I need some advice. My partner and I are looking to buy a house. I am not a first time buyer but have no current homes or mortgages. We have been working with a broker who found us a AIP for 5years on 4.28%. He said this was the best we can get based on my partner having a default on his credit profile which has…
-
Mortgage with joint ownership
Hi My mother-in-law (MIL), my wife and I are buying a house together. We will all live together and share the ownership of the house (50% MIL, and 50% me and wife). My MIL is contributing just over half of the purchase price in cash. This is also going to be my wife's inheritance when MIL passes. The remainder will come…
-
Can you use LISA bonus on transfer of equity?
My partner currently owns her house (from before we were together) and we are thinking about making me a co-owner of the house. I am a first time buyer and have a LISA which I have been saving in. I currently have enough savings to completely match the stake in the house that my partner owns (deposit plus mortgage…
