-
Mortgage Offer total borrowing differs from Mortgage Illustration (ported mortgage)
Hi guys, my wife and I have confused ourselves totally re. our mortgage offer and wondered if someone could put our minds at rest. We're porting our existing mortgage and the original borrowing required was £293,600 including the existing mortgage. This was displayed in the mortgage illustration, but it was £293,230.77…
-
Desktop Valuation Skipton
Has anyone had any experience with a desktop valuation and how long it takes. Of not with this lender then someone else. Also if with skipton how long till valuation to offer? Ive been told my approval is dependent on the valuation which is tomorrow. Wondering how long it will take.
-
LISA and Deposit
Hi Guys, So my friends have a 10% deposit saved and mortgage offer from one of the big high street lenders. With the new tax year and chance to save more into their LISA,s can they pay more than 10% and still keep the brilliant 5 year fixed deal they have been approved for ? Broker has told them to overpay if they want…
-
Adding Someone To Property Title Deed
What are the stamp duty and/or inheritance tax implications of adding someone to the title deed of a house in a co ownership? There is no mortgage on the house and it is entirely owned by one person at present. Would there be a big difference in costs/tax, depending on whether the arrangement was a joint tenancy or a…
-
Equity Release companies query
Hello, Just starting to looking into equity release and trying to understand what all the different companies are and what they actually do. I have a few questions if anybody can help. Question 1: As I understand it some companies like Age partnership / Aviva / Key / Readers Digest etc, etc. are just brokers and not…
-
Remortgage now or wait?
Hi, after some advice. My current mortgage deal ends April 2023. I’m considering remortgaging early and paying early repayment charges to get fixed rate and avoid future Bank of England interest rate rises. I’ve been advised by broker that this would cost an overall additional £400 on mortgage costs. But would that be…
-
Bluestone DIP
Hey, Had anyone had a DIP declined but bluestone mortgages?
-
Ex partner defaults affect my new mortgage application
Hi all, just looking for a bit of reassurance. Myself and my ex partner purchased a house together. He moved out 9 months ago and the mortgage with halifax (due to run out September this year) is our only financial association. I will be seeking a new mortgage on my own to purchase our house fully and buy him out. I know I…
-
New mortgage, bankrupt in 2019 (discharge 2020)
Hi, I'm looking to get back on the ladder and purchase a home this year (soon as possible really). I was released from a bankruptcy order in June 2020. My income is circa 105k pa and I have approx £50k deposit I assumed my credit history would make getting a new mortgage a little difficult, so I've had an appointment with…
-
FTB, using Help to Buy Equity Loan but also with a discharged bankruptcy. Advice needed!
Sorry. Long post. I was made bankrupt in 2019, discharged in September 2020, so not quite 2 years. 3 CCJs which are unsatisfied, but were included in the bankruptcy are still showing on my file. Since the bankruptcy, I have had no further issues. I have two credit cards which I am using to build my credit and pay off each…
-
Remortgaging during renovation
Hi we are currently completing a loft conversion but it is significantly delayed. My current mortgage's fixed rate ends in July where I will go onto a standard rate. I'm wanting to remortgage and release equity to fund further renovations and to get the amount I need the loft conversion needs to be included in the…
-
remortgage when credit cards maxed out?
Hello We have a house worth approx £440k with a mortgage left of £117k. Currently paying approx £2k a month servicing credit card, secured loan and personal loan (accrued over a few years), just making minimum payments. We want to increase mortgage to about £315k to pay off debts and then do a loft extension this would…
-
FTB with default…..help!
I’m hoping someone will read this and be able to put my mind at ease or at least give me some hope. My partner and I are about to go to a broker to get a DIP (hopefully) to put an offer in on a house we’ve viewed. We have a 5% deposit (£17500) and the house is 350k (we have a combined income of 80k) Partner has good…
-
Valuations - desktop or actual?
Are valuations still being done on desktop or are they coming round now? Or does it depend on LTV? Mine is 50%.
-
Mortgages and land registry changes.
Hi All, Not sure if anyone can advise on this but - I bought a house 3 years ago, I have a mortgage in my name only and my name on the land Registry. I am trying to sort out wills and it was flagged that not having my wife on the land registry forms may cause complications for the will, a solution mentioned was to update…
-
Transfer of Equity
Hi everyone - not sure if anyone can help! I bought a house 5yrs ago with my brother but he does not live with me. I'm now remortgaging and would like to take my brother off the mortgage/deeds as he is emigrating. I understand he will need to pay capital gains tax but do I need to pay stamp duty as well? If anyone has any…
-
Offset mortgage calculation
Does anyone what the calculation is to work out the saving on an offset mortgage? I know there are online calculators but would prefer the sum. Thank you
-
Changing to sole mortgage for better affordability
Hello all, We're with Halifax for our mortgage and thinking of applying for a further advance to finance a garden outbuilding and some other home improvments. We ideally would be looking for £40,000. We're currently on a joint mortgage and when I enter our details onto a Halifax calculator I found online, it says we could…
-
Mortgage offer withdrawn due to over 1 hour commute time
We were offered a mortgage on a property and said up front that I would eventually look for a job nearer the property (currently live and work in Essex, property is in Peterborough). Broker said this would not be a problem. then the lender said that because the commute from new property to existing job was to far, approx…
-
Virgin Money BTL mortgages - They have instructed valuations...
I am in the process of remortgaging 3 BTL property and releasing some equity from them. One property is mortgage free and the other 2 have mortgages with other lenders. Today, I have had calls to arrange valuations for them all, they are paying for them. Is this a positive sign? Or do they instruct valuations at their own…
