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joint to single mortgage
We are currently looking to move home, I will be changing jobs when we do (currently on notice period, have soft offer of new job, hopefully confirming terms next week) , my husband will remain in his. We are looking to borrow 193k ish at under 45% LTV Mortgage & house is currently in both names. Husband earns around 70k…
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When to apply to borrow more on mortgage
We have sold a house we rented out and will be applying to borrow more on our current houses mortgage as we are going to be doing an extension on it. My questions is once we clear the mortgage for house we rented and pay off a couple of credit cards, how long should we wait before applying to borrow more money? Our credit…
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Best plan for shared ownership
Hi all, I wasn't sure where best to post this one sorry. Basically, I bought my house 50% shared ownership for £55k in 2005. I have just over £35k left now, paying £167 a month mortgage on 2.09% for 3 years until June 2022. Overpayment on top of that of £150 and paying rent to the HA at £186 a month. I don't know based on…
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Mortgage advisors
Hi can anyone recommend a mortgage advisor who doesn't charge for their advice (as they get commission) for a mortgage where one of the applicants have a small ccj. Thank you in advance
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Can I get a mortgage offer based on a New Job Employment Contract?
Hi All,I shall be relocating for a new Job and I am looking to purchase a property to live in rather than rent.Is it possible to get a mortgage offer based on an employment contract and no payslips yet as my start date is towards the end of the month?Any help is appreciated. Thanks
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Secured Loan Charges
I have a secured loan, which I assume to be a mortgage in all but name, which I took out in late 2010 with a 20-year term. The interest rate is usurious, but at the time my options were limited so it is what it is. In the early years, there were a couple of occasions when I missed payments. I was two payments in arrears on…
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Accord Charging Extra Interest For Payment Days Falling On A Weekend?
I've had a 2-year fixed rate mortgage with Accord for almost a year now and they sent me a mortgage statement proposing to up my payments by £5.75 a month because some of my mortgage payments in the past year fell on a weekend, and my payments are scheduled to go out at the end of the month as opposed to the beginning. I…
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Mortgage debacle - where to stop??
Hi Guys, First post - I knew we'd get here one day! I am looking for some advice, as I just don't know where to stop! I will try to keep it as short as possible: Four years ago, a flagship high street bank in the UK took me and my wifes names from our joint mortgage application, combined them by giving me her middle name,…
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Splitting renovation and maintenance costs
My partner and I bought a property together. I've paid 75% of the deposit and he paid 25% of it. Our monthly instalments are arranged accordingly as well. Before we got in the house there was a lot of work that needed to be carried out. Full house decoration, we removed the carpets and sanded and polished the wooden floor…
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First time buyer advice
Hi. I have posted on here before about my journey to buy a house and furlough getting in the way. After speaking to a broker on 25th Jan we agreed to wait until 25th Feb to do anything as this is my next pay date and will be my first payslip showing me returning to a full months wage. Other than this the process should be…
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Repossession
I’m behind on my mortgage & I’ve built up a dept of £5,000 I contacted my lender to try & come to some sort of arraignment with them, As I only have 5 years remaining on my term, I requested to to extend my term to 8 years to bring down the payments, they refused.Today I received a letter stating they are taking legal…
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Same lender, new product switch question?
So I have a 2 year mortgage with Leeds BS and its up end of April. I spoke to them this week and the rates on offer once my 2yr fixed deal ends is pretty rubbish. However its a new flat (2019) but with some cladding and housing association havent done the survey to get the EWS1 forms sorted so I am likely to be unable to…
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Arrears accrued in pandemic against my knowledge
I hope someone can help or advise, I feel I am being fleeced by Nemo Loans. I emailed them to say i could not pay the second mortgage due to the pandemic - they emailed back "do not worry" " let us know when you can start repaying" etc etc. I was asking them for help, and I believed them when they said do not worry etc. I…
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Santander and Unsecured Loan as Deposit
Hello everyone, I recently got a Decision in Principle from Santander in which I declared my deposit is made up of unsecured borrowing. I have, however, done this before with Barclays and they then said that they do not grant mortgages in which the deposit is made up of unsecured borrowing. A mortgage consultancy firm…
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Should I Pay My Mortgage Off?
I have an offset mortgage, with c.£63k left to pay over the next seven years at 2.35%. I have £63k in the linked `savings' account, plus other savings. I'm still working and am ok with my monthly payment of c.£850, which I remove from the `savings' account each month to reduce it in line with my mortgage. My question is…
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Waiting for a decision ....
We reserved a house October last year. First mortgage application took 3 months to come back and was declined. Second one was submitted in early January and we are apparently going to hear soon, but I am going out of my mind checking my emails very frequently. Anyone else waiting to hear?
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ROYAL INSURANCE - Legacy Mortgage hold...desperately need help hunting down a good contact!
Hi folks, I really hope someone who reads this can help. Sadly, my mum passed away last year and we're now having to manage her estate. My dad died almost 40 years ago in a car accident, very unexpectedly as you can imagine. At the time, he worked for Royal Insurance in quite a senior role, and we'd only fairly recently…
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Gross Salary
I make substantial additional voluntary pension contributions through salary sacrifice. My payslip shows my 'Total Gross Pay' as the amount after the salary sacrifice payments are deducted (before tax and national insurance are taken off). If I'm asked for my Gross Salary is this lower figure the salary I should quote? My…
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Surveyor has been out to new house - is that a good sign?
So both myself and SO have been told that the surveyor has valued the new build property we are hoping to buy. Am I to 'assume' that this is a good sign? We are both really worried about getting the mortgage even though Nationwide have now done 3 successful DIP's. Thanks.
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Please help re DiP/credit search/GDPR
i had a DiP declined. I was told the reason was because a financial association had second bureau information. I had this association removed but apparently even though I have no financial associations on any credit file apparently I have to wait 4 weeks as they search the last 4 weeks. Is this correct? Also surely its a…
