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Married and moving to a new home - sole or joint mortgage?
Hi all, my first thread here. I've read a couple of thread on related topics but there's been different (and specific) circumstances so I thought I'd ask afresh. My wife and I have been married for a couple of years now and have one child. We've decided to move from the home we live in, which is in my name (she sold her…
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Interest Only Sale of Property Declaration Form
I'm looking to remortgage and my existing product is part repayment, part interest only. The repayment vehicle is an endowment which at present is projected to easily cover the the interest only amount. I've enquired about borrowing more money and looking for a fixed rate mortgage with a term ending 4 months short of the…
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Remortgaging
hello I am looking for some help We currently have a mortgage with aldermore (due to my previous defaults and bad credit) we are now remortgaging and our broker is looking at Halifax. We have a 75% LTV so in a really good position, however my credit file is still poor and I have recently paid off a credit card in full…
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Post looking for help
Complicated
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Employer reference
I have applied for a mortgage with Halifax and they have requested a employer reference with letter headed paper or stamp. My employer doesn't have either of these. I am a carer and my employer recieved money front be governorment and I am employed by him and paid directly. My last 3 months pay slips had holidays in them…
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Can I get an interest only mortgage and any tips when doing so
Hello, I had started a thread in the house buying section but that conversation has moved on and so its best continued here. The background is that our property is valued at £400K and we owe £104K on it, there is no other debt aside from a few hundred pound on the overdraft but that's easily cleared and not a worry however…
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Help to buy - Can I remortgage while still in my first 5 years
Hi everyone Im 2 years into the help to buy scheme. I bought a London property. Im concerned housing prices are going to crash and when my 5 years interest free equity loan is up I won’t have enough equity in the property to ‘pay off’ the loan by remortgaging. Im thinking my options are; 1- Sell the property now 2 -…
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Remortgage Product fee - National Counties BS
I have had a mortgage with Nat Counties BS (now Family BS) since 2007. When I moved to a new mortgage deal after my initial 2 year deal, I was charged £795 to move to a new deal. When that deal finished, I moved to another deal. This time there was no product fee. I did question this with the BS at the time. They said that…
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Are we borrowing too much?
Would appreciate any advice. My partner and I have had very different property experiences to date, and are trying to decide how big a mortgage to apply for. Me: NHS keyworker. Currently salary 57K, due to go up to 80K in March. Very fortunate for parents to lend me money to buy a first house several years ago, and now…
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Joint Proprietor Sole Borrower mortgage
Hi, wondering which banks do Joint Proprietor Sole Borrower? We ideally just want one name on the mortgage. Thanks
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Remortgaging whilst on furlough
Hi- we are due for remortgaging beginning of Jan. We’ve found a much better deal with a new lender. However, they will not approve anyone on furlough (both me and my partner are). We have two options: stay with our current lender but on a worse rate (not great but still manageable) and be tied into this for another 2…
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Will Offer be withdrawn? Furlough
Hi all, I have finally just got to the stage of Offer subject to valuation last Friday, after providing lots of information in association with previously being furloughed in the first lockdown. I will now be furloughed from Thursday until December, is it likely that my mortgage offer will be withdrawn or as it has gone…
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Renting Property and Getting 2nd Mortgage
Hi, Does anyone have experience of renting a property out and getting a 2nd mortgage. It looks like the sale of my property will fall through and we are looking at options to still proceed on the purchase of another property. I have a tracker mortgage and the ltv is just below 75%. Does anyone know: Are there any lenders…
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Time line for buying a house
Hello i was wondering if someone could give me a simple timeline from putting an offer in to completion. When i put an offer in for a house, I then have to wait for my mortgage company to accept me and say they are happy to lend. What money do i have to part with before/during this. Im just a bit new to this and need some…
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Wait or continue trying to buy?
Me and my partner have found a property we love and are using HTB so need a 75% mortgage. I checked my credit file and realised I have 3 late payments in the last 2 years on my credit file. (All paid within the month so are a 1 marker) Will this ruin our chances? I have no other adverse history and £2000 left on a loan.…
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Vida Criteria
Hi all, I was wondering if anyone would be able to tell me if my husband and I meet Vida's criteria for a HTB mortgage. Long story short, Precise have messed us around since August and we are about to lose the new build house we have reserved if we can't secure a mortgage soon. Our broker is desperately trying other…
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Question on credit check
Hi i have now been able to finally exchange contract. In preparation for completion in a few weeks, I decided to arrange for Broadband with Virgin at the new property. They told me that it will only be a soft search carried out on me but ClearScore has now alerted me that a hard score was carried out on me. Will this be an…
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35% equity plus another home, but still struggling to be approved new mortgage?
We have owned our own home outright since Dec 2019. We have been renting it out to our Son & his girlfriend for the last 3 years while we moved into my fathers house & spent £20,000 doing it up. He has now passed away & i need to buy out my brother & sister from their share of the house. We had agreed a price based on…
