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shared mortgage but moved out
I bought a house with my brother. He paid for a 1/3 of the house. Leaving two 1/3's to mortgage. We took out a shared mortgage to pay the remainder (half each). We carried on with this arrangement for about 3 years. I then decided I wanted to move out. He carried on with the payments, but the house/mortgage stayed in our…
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Santander Mortgage
Hi, I am looking for some help please. My wife and I currently have a mortgage with Santander; the mortgage is split into 2 parts:Part 1 - £100k loan balance, on a 5 year fixed rate of 1.79% until 2nd January 2023, ERC of £5k. Part 2 - £172k loan balance, on a 2 year fixed rate of 1.43% until 2nd July 2023, ERC of £5k. The…
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Self Employed Protection
Hi I need some advice. My husband is 55 self employed and the main breadwinner. For years I have been saying we need Critical cover in case he god forbids gets sick and we can't pay the mortgage. He says its just a waste of money and they rarely pay out anyway. Cut a long story short we have no way of protecting ourselves…
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Remortgage to First Direct -- Conveyancing question
We are attempting to remortgage to First Direct from Nationwide and have received the mortgage offer today. The offer includes a £450 Conveyancing fee with the associated note "This figure is an estimate as it only covers work undertaken on our behalf. You should ask your Conveyancer for the cost of any conveyancing work…
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Relocating to Scotland and getting a mortgage based on our work in England
Hi! My husband and I are possibly relocating back to the north of Scotland from Cheshire. We are both self-employed here which due to covid affected years has made remortgaging difficult. So we have sold our current house and will be moving in with family while we sort things out. We have commitments here for another year.…
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Joint Buy to Let ReMortgage Question
hiif I were to put my name down on a remortgage of a buy to let property with the person that already owns it then would that persons previous IVA also affect my credit record? Like above the extra borrowing I would be taking on?
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Helping Parent with House- Is this even possible
Hi all My mum and her partner are looking at moving closer, and would have c 80% of the house price available. Would it be possible for me to get the mortgage on the final 20% given I wouldn't be living there, and if so, would it be a different product or a normal mortgage? I do currently have a mortgage which i am…
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remortgage application, having to choose an 'approved' solicitor
i started a full remortgage application and have been asked to pick an approved solicitor from a list, no mortgage offer will be given unless a solicitor is provided. For a simple remortgage the quotes from only two firms were just under £700. I dont think i have much choice, but what do i do? do i nominate one without…
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Re-assurance FTB application with NATWEST
Not sure if its Re-assurance I need or my lack of knowledge being a FTB, I went with a Broker recommended by a family member and after submitting 3 months bank statements plus our payslips the broker recommended Natwest to us on a 95%LTV out property value is 145000, so a fair bit under the 206000 Natwest said they would…
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Joint Borrower Sole Proprietor and First Time Buyers
Hi there, Myself and a sibling are looking to support a parent to remortgage their home with a joint-borrower sole proprietor mortgage to help them out of a tight spot. Neither of us have ever owned another property and so both currently would be classed as ‘first time buyers’ (along with all the bells and whistles this…
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Remortgage with DMP
Hi, I was wondering if someone might be able to point me in the right direction to a broker/lender who might be able to help. My partner currently owns a property with her ex husband with a value of £380k. There is a £155k mortgage (with nationwide)on the property, along with a second charge (which went toward home…
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So BOE predictions of 2.25% and fixed rates at above 4% by year end. What the actual....
I am now contemplating my two year fixed at 60-75% LTV will be 5% by mid next year from 1.4%!
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What would you do?
Believe it or not we’re not big spenders but it feels like we’re in a horrible situation with debts and loans and we need to do something to get out of it! To cut a long story short, we had a lovely three bed house with two kids then we discovered we were expecting twins and so rather than move we extended our house adding…
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New mortgage product with existing lender
My current mortgage deal was coming to an end 03.08.22, so I accepted a new deal with the same provider on 01.06.22 [NB: mortgage offer dated 20.05.2022; 14 days to accept; 01.06.2022 - I accepted and sent a cheque]. The cheque for the new mortgage product cleared on the 09.06.22. To date I have received nothing in writing…
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Shared Ownership and Staircasing Help!!!!!
Hey Everyone! First time poster here!!! I am hoping someone can help me or point met to information and I am lost. I was super fortunate nearly 2 years ago to get onto the housing ladder under the shared ownership scheme, quite a feat during the pandemic. I managed to purchase a 25% share in my home with the remaining 75%…
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shortfall on my mortgage account
Hi I am new to this site and hope you can help.Ihave a variable rate repayment mortgage with approx four years to run, my monthly payment has always been set by Barclays and have never missed a payment.Yesterday I received a letter stating there was a shortfall on the account of £283.75 how can this be possible when…
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Financial Advice - Inheritance received
Good Afternoon, I wonder if you're able to advise or point me in the right direction please? I have recently received a large inheritance from our late mother & not sure where to start. 1. I want to clear all debts , i.e car loan, credit cards x3 & clear the balance & have these shown on credit file as settled. 2. Do I…
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Fixed Contract and getting a mortgage
My fiancé is looking into another job and interviewed for a position today which is a 5 year fixed-term contract which could be extended by two years. We're first time buyers still saving but think we will be in a position to start looking for a home in the New Year. Will we face problems or potentially higher mortgage…
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spousal maintenance agreements
can these be used as part of your income when applying for a mortgage?
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Staircase Issues
Please please help! My daughter is 5 months into shared ownership purchase. At very start wanted 40% share and details were sent showing rent amount Vs mortgage amount. Current owner has 25% share with Accent housing being the agents retaining remaining 75%. My daughter is constantly being told it is her responsibility to…
