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Buy to let mortgages
Hello, looking for some advice on Buy to Let mortgages! My mum and dad are living in a house worth around 280k just now, they have an interest only mortgage which will end in approx 3 & 1/2 years. They have around 195k outstanding and are paying this down as much as they can just now. So around £85k equity in the property…
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Is interest only remortgage a good idea in my case? fixed or tracker?
Here I am once again seeking help and guidence from the lovely people here - thanks in advance. My current mortgage term on my miniscule flat is ending in a few months time. At the same time I am looking to buy a house with a deposit I have saved. The idea is to put the flat on rent and live in the house. At the moment the…
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converted non standard construction
Hiya, we have just viewed a house that was previously a council house, this property was built under the concrete large panel system but has since been converted to brick and block cavity walls, it's a mid terrace and both sides have also been done, this conversion was carried out whilst it was still a council house, the…
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Lenders and restrictions
Has anyone had a mortgage declined based on restriction in favour of a management company. The management company was dissolved over 10yrs ago. Property is freehold. Was in place for road maintance. Road remains unadopted. Tresuary has provided disclaimer and land reg have disapplied restriction for purpose of sale.
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Shared ownership and previous BR
Hello, Not sure where to post but looking at getting a shared ownership mortgage hopefully end of the year/next year but this will only be possible if they accept ex bankrupt. I went BR April 2018. Husband DRO jan 2019. We are saving towards 10% deposit and fees.
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Divorce and mortgage
Asking for a family freind. Hes going through a messy divorce. Hes wife has moved out and he been left with family house and paying all mortgage cost and bills. she will later come for half or even more of the house. What can he do as he's struggling with payments. Its a joint mortgage but comes out of his sole account.…
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BUY TO LET Remortgage Query
Hi All, My mums BTL mortgage product is due for renewal in the next 6 months. When it was first purchased my dads age was a constraint and therefore we did not get a long mortgage term on it. There is around 9 years remaining. However, since my dad has now passed away, the mortgage has been transferred to my mums name and…
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Joint Tenant vs Tenant in Common!
Background info, my partner and I have been together for 8 years and are currently into our second house, initially she contributed £12k to the deposit and myself £8k, we broke even with the first house so this pretty much transferred to our new property. I earn quite a good salary around 80k whereas my parter earns around…
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Halifax Mortgage - Porting
Hi all, I'm removing my ex partners name from the mortgage, basically keeping the same mortgage product (porting) over to a new mortgage on my own. The mortgage has help to buy, I've had a valuation done and it came back the same as what I told them.. The mortgage app team said it has gone to the underwriters due to being…
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Halifax help to buy ISA for deposit
Has anyone used a Halifax help to buy ISA towards their deposit? My partner has one but on their website it says it can't be used towards their deposit? (attached screenshot) I'm so confused?
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Do mortgage lenders do another credit check before releasing the funds?
We are due to complete in a couple of weeks - about 6 weeks from mortgage offer to completion. We are moving out of central London so will need a car, I have a lease lined up and have been told they need about 2 weeks from the application being submitted to the car being delivered. If I left this until after completion it…
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Mortgage rates over the next 5 years
HI all, I am currently in an owned house, and as a family, financially wise, we are incredibly boring - no store cards, credit cards or general debt, other than our mortgage. We are looking to move, and would be looking to take on a much bigger mortgage to move to a much bigger house. We have a budget in mind, and also…
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EWS1 form covering letter
Hi, I am in the middle of a remortgage using The Mortgage works (Nationwide’s BTL arm). It’s been with the valuer since end of January, I have been prompt in sending the valuer the EWS1 form and covering letter from the surveyor who did the work. The valuer has said the form is fine it has a A1 rating but want more from…
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SEISS affect on a Self Employed mortgage - Damage done ?
Can anyone please give me some advice . I am a 40 year old
self employed ( sole trader ) first time buyer looking to get a mortgage . I phoned a mortgage broker on Monday and told as I have received
the SEISS grants it will make getting mortgage extremely difficult at the moment
. The broker said to hold off for a few of…
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Pepper Money Mortgage
Hi, I am trying to find people who have had recent experience with Pepper Money Mortgages. We should have heard last week about a DIP but still heard nothing. I don’t know if this is because they are busy at the moment or if this is because it will be bad news!
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low income mortgages
Hi all,If I am a low income earner on 18,000 a year before tax, single parent, get universal credit and child benefit, what options do I have in getting a shared ownership home? I have been doing some research but am finding it all a bit confusing.Thankyou
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Mortgage advisor, financial advisor, or both?
My partner and I are looking into the options for buying a property. Neither of us are first time buyers as I inherited a portion of my grandparents home which has now been sold and my partner owns a home with her ex that is currently on the market. My partner is very set on buying somewhere asap as she associates it with…
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Barclays mortgage with 2 parts and different end dates
Hello all, Quick introduction we bought a new home in Sept 2019 on a 2 year fixed deal, this also included porting our previous mortgage that has left us with 2 mortages with different end dates as below:Mortage 1 (old) - Balance £46500 at 1.84% - Term ends in AprilMortgage 2 (new) - Balance £135500 at 2.18% - Term ends…
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Effect of rewards credit card use on mortgage application
HiI use an Amex rewards card for 90% of my day-to-day expenditure. Groceries, Amazon, that kind of thing. The statement balance typically runs to a few 100s of £, and it is paid off in full by direct debit every month. I am anticipating buying my first house and applying for a mortgage in the coming 3-6 months. Living in…
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Confused over 10% mortgage overpayment??
Hi yesterday I paid off an extra 10% on my mortgage for the forthcoming year. normally I overpay each month to stay within the 10% without incurring charges. I asked my ddr to be put back to my agreed monthly payment as obviously couldn't continue with monthly overpay as I'd paid it up front. Today they have reduced my ddr…
