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Seeking advice on a Regulated Mortgage Contract with my daughter on an inherited property
Hi, BACKGROUND I have recently inherited from my deceased mother a 1/3 share of a property in Birmingham. I live and work in the Republic of Ireland and I am considering assisting my daughter in purchasing the inherited property . She is currently training to be a teacher in Birmingham and will begin full time paid…
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Mortgage and home improvements
Hi , I hope someone could help me. I’m in the process of selling my house and buying a new one. I don’t have a mortgage on my current house (should get around 200k ) , but planning to buy one on mortgage. spoke with a mortgage advisor and the bank is happy to lend me £70k ( I don’t need more ) My question is can I buy a…
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Platform Offer
Hi. We had our offer in the post today from Platform very happy. Our daughter who is 16 at present and turns 17 in April. On the application we had to agree for her to sign a deeds of consent form because it said she was 17 on the application which is wrong. we are now stressed right out worrying that the offer will be…
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Lenders!?
Other than these - Aldermore - bluestone - Vida - Kensington - pepper - is there any other lenders who lend for people in a DMP? We put our house up for sale last year when the market products had A lot more to choose from! Now it seems the goal posts have and are changing and now not sure we for any of these criteria’s?…
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Military - Consent to Let - MultiLet
Good afternoon Forumites, Hope you are all well and staying safe. I will soon be looking into purchasing my first property while still within the military. I am aware that once the mortgage has been accepted, I can request a Consent to Let agreement to allow the property to be rented out while I am based elsewhere to then…
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Halifax Valuations
Hi, I wanted to know if Halifax are doing desktop as well as physical valuations these days? My application went through last week and still no date for a valuation. Any recent experiences? Many Thanks
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Bad Credit Mortgages
Looking for a little bit of advice as to whether bad credit mortgage brokers are worth it. We've just been told our rental property is for being sold, our landlords are very good to deal with and once it's been valued etc will give us first refusal. Unfortunately, we're both in the situation of having bad credit so we know…
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Re-morgaging and early repayment
Hi, Our current mortgage deal is finishing in July 2023. I am thinking about re-morgaging with my current lender. They have offered a lower rate which would save us £150 a month and £9000 over the course of 5 years. There would be a £5000 early repayment charge (5% of current amount borrowed). So this would mea a £4000…
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Platform porting issues
Has anyone recently been through the painful process of porting/borrowing more with platform. 10 weeks in and we are no further forward bar having the valuation done weeks ago, tried to complain but it was rejected 🙄 interested to hear how anyone else has gotten on with them? We are borrowing more, cannot use a broker and…
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Broker can't proceed with application until council name the road?
Hi, I'm in the process of buying a new build property. We're the first plot on the developement and theres no official address yet. My reservation period expires 01/03/21. The developer wishes for us to conclude missives before this date (Scotland), however our mortgage broker has advised that they cannot submit the formal…
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Can I get a mortgage with 5 defaults with my partner?
Hi. Myself and my partner are looking into getting a mortgage next year. Between us both we earn about £33k a year. I earn about £10K and my partner earns £23k. We were going to rent but realised it is dead money and we would much rather save up for longer and get a house instead. Unfortunately when I turned 18 I was…
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The Mortgage Lender - feedback?
Hi all We obtained our DIP today, as I have poor credit (2x CCJ, 4 Years old and satisfied) we obviously had to avoid the typical high street lender and found THE MORTGAGE LENDER through our broker My partner and earn 50kPA, we have put down 38k deposit against a property value of 190k, so don't anticipate any…
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Mortgage Delays - Natwest
I would welcome some advice. I have a straightforward relatively small mortgage which only is 24% of the asking price. I have a secure local government job and am borrowing well within my means so the lending is straightforward. I independently searched the best deals and the large banks had similar products. As my bank…
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TSB remortgage - ditch that fix ?!
Hi all ! I'm looking to ditch my fix and can anyone check my maths please ? The new TSB fixes of 1.19% is cheap ! CURRENT FIX - HALIFAX Mortgage debt = £257,700 Interest rate = 1.94% 5 years fixed until September 2023 Repayments £1,300 pcm Early repayment charge £7,400 OFFER FIX - TSB Interest rate 1.19% 5 years fixed…
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Metrobank mortgage - buyers slow progress
If anyone familiar with applying for mortgage with Metrobank? Since last 2 weeks our buyers have had no update of valuation date since they informed they paid the valuation fee. We are starting to grow frustrated that valuation date has not been booked.. We have tried asking if there is anyone they can escalate with at…
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Changing Packages
Hi, I currently have a mortgage with Halifax. I am up to date with my mortgage payments but am struggling to survive each month. I contacted Halifiax to request I move to an interest only payment for the remainder of this term (2023). Initially I was told the criteria was an earnings of £55,000 earnings and be up to date…
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FTBs hoping to apply for a mortgage shortly. No adverse but historical use of loans
Hello My partner and I are hoping to apply for a mortgage shortly but are concerned that there may not be many options available to us due to our low deposit/high LTV (90%) Combined annual salary = £60k (£33,079 + £27,700) Deposit = £30k We would be looking at a 25 year term preferablyWe were hoping to borrow somewhere…
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Getting Mortgage Free
I have a shared ownership mortgage in the South Wales Valleys - 60/40. I was paying 423 a month over 23 years, this month I decided to 'over pay' and raise that to 500 a month, which according to the over payment calculator has take 4 years off it and saved me £4k of interest over the term. Without giving my life story, I…
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Nationwide Mortgage 2021
So, this is the 4th time we are doing this 3 of the other deals fell through! Our previous application was satisfactory pending valuation but, property was valued 50k under offer last week. Luckily we found a property on Saturday and have to redo the full application again. What has your experience with Nationwide been…
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Getting a mortgage with fluctuating incomes
Hello everyone. I'm after some advice on my current situation. Myself and my husband are starting to look at property to buy our first home. We are currently looking around the 100k-150k region, but are going to continue to save to open our options up a bit more as house prices in the area we want in the NW of England are…
