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Question about Joint borrower sole proprietor mortgages
Hi, I'm looking at the possiblity of a JBSP mortgage with a family member with myself being the joint borrower. My question is would I have to pay towards the mortgage, or can I just be there to take responsibilty if the owner can't pay (Similar to how a guarantor mortgage works)? Or must I pay towards the monthly…
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Nationwide mortgage offer - likelihood of extension?
Hi, wondering if someone could give me an idea of how likely it is that a Nationwide mortgage offer might be extended please? For context, this is our buyers' mortgage which currently has an expiry date of mid Dec, and it would have been approved in June. Thank you
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ReMortgage with CCJ
Hi all. Desperately looking for advice. I’m in the market for a remortgage for my help to buy home. Issue is; I have an unpaid CCJ (£580)on file. Back story; Store card taken out in 2004. Not paid off. My fault completely. DCA in 2009 contacted me and I paid partial amount on understanding this was the end of the matter…
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To remortgage 1 year early?
I'm sure there a re a lot of people in the same shoes as me here, but I'm starting to panic about remortgaging. We've got another year left on our mortgage at 1.49% so this time next year we'll need to sort out a new mortgage. Do we remortgage now, pay the £3,500 early settlement fee and lock something in for likely around…
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Mortgage interest rates are getting painful
Hi all, How is everyone coping with applying at current rates? I am getting 3.99% with a 60 LTV. Compared to a few months ago this is pretty painful. I had locked in 3.25% a couple of months ago but they will not honour it now.
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Been 5 years and still no closer :(
Hi there, Looking for advice. I am self employed and partner works part time due to childcare etc 5 years ago the bank and other mortgage brokers were only offering upto 80k but seeing as that wasn't enough to buy the house we was looking at (was a house for first time buyers at 120k) and no houses round here go for 80k…
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Lender unable to confirm identity
Everything has been going really well and we've had a mortgage adviser to help us with getting our first mortgage and we've had a good offer from a lender. The adviser has had all our proof of identity documents through and obtained our credit files, electoral details etc. The lender has come back to say they have been…
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Could someone explain how a house purchase allowance works please?
Hi all. Hope somebody can help We're very close to completion on our new property. Intially we agreed to 507,000 but have managed to get it reduced by £4000. Now the solicitor has said she has informed our mortgage lender (barclays) of this allowance, and if they are okay with it, we will complete. Can 4k cause an issue?…
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transfer from kensington to engage credit march 2022
my mortgage was transfered to kensington in 2022 . to engage credit since the transfer to engage credit i have constantly been reminded that i have fees that is to be paid on the term of my mortgage (we knew that )but they have written out to me today and told me that i get charged additional interest because i have a fees…
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Financing extension
We need about 70k to finance e extension/renovation on a 600k house with 400k ish mortgage. We were told to seek a Further Advance with our mortgage provider, but sadly Sainsburys bank are no longer doing this type of lending/mortgages full stop. We don't want to 1) remortgage entirely and lose our 2% interest for the…
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Remortgage to get away from Engage Credit
I currently have a mortgage with Engage Credit. It was previously with Kensington & they transferred it to Engage. My rate was 4.6% and I was paying £520 a month. I not have had a second increase to 6.5% which means £618 a month. As I am in a variable rate with around 9 years left, I would like to move away but my credit…
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Metro Bank Mortgage
Has anyone got or is going through the process of getting a mortgage through Metro and share their experience? I'm currently re-mortgaging with them and its been over 4 months, they asked for loads of info initially, then nothing for ages then after a long time just asked for something else then after a while wanted…
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Why are deeds taking forever from Birmingham Midshires ?
I just had a courtesy call from the estate agent I bought a house through to say the vendors solicitor is still waiting on the deeds to come through from Birmingham Midshires. Has anyone delt with them before? It seams to be taking forever
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End of term mortgage
Hi desperately need advice, My partners mortgage has hit end of term the whole 25 years, he has 3 weeks to try come up with the remaining 40k or sell the property which is worth £250k, he is under 55 so equity release a no go and we have been trying for weeks to get help, when he had the mortgage he was working and…
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Wage slips
I currently work under a 20 hour contract although I do work additional hours every week with number of hours varying, but on my wage slip my employer lists total hours and does not separate contracted hours and additional hours worked. Could this potentially cause any issues with some lenders?
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Old arrangement to pay spotted on statement
Hello, would appreciate any help from anybody who’s had old arrangements to pay and then gone on to apply for a mortgage. I’ve got some old arrangement to pay for old debts on my statement. These are over 6 years old but no longer show on my credit file. I have been happily paying them off slowly but had been naive to…
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Why has this been flagged up?
Made some silly mistakes when I was younger and run up some debt but after having my first kid 5 years ago, I decided it was time to grow up and take responsibility. I cleared of all debts that I knew about but had already got 2 defaults on my credit report which are due to fall off in June. 3 years ago, I received a phone…
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6 month rule
Can anybody advise if purchasing a property that has been owned for less than 6 months is it just the completion that has to be after 6 months, or even submitting an application? It's a concessionary purchase if this makes any difference! Thanks
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Remortgage and second property
Hi all So if you want to re mortgage to get onto a lower fixed rate but you have joint mortgage since purchasing the older property then will that significantly increase the affordability criteria from lenders? Thanks
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Remortgage or let it lapse to a variable rate until our circumstances change?
Our 5 year fixed expires in February 2023 and currently has a rate of 4.84% as at the time of buying our house we had a 95%LTV, since then our circumstances have changed and I am not working so our household income is about 6k less from when we took out our mortgage (DH works full time and I am a SAHP and student so pre…
