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Shared Ownership (older persons)
Hi. Does anyone know if shared ownership and older persons shared ownership are different schemes. I want to buy a house near me under shared the shared ownership scheme. I'm over 55 but have been told that I would have to pay rent if I buy 75%. I thought I would not have to pay rent being over 55.
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Director of an SPV for my work, will this impact going for a mortgage?
Hoping maybe a broker might be able to help here bit of a technical question so apologies in advance for the long post. I'm unsure whether I'm about to make my life a lot harder to get a mortgage with my house going on the market shortly and a planned move in the next 12 months. I recently got promoted to Head of Treasury…
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Buying land with an unbreakable promise can I do this?
I own a field in which I keep my horses. A good friend of mine owns the field next to it, where she keeps her horses. One of hers recently died and the other is elderly, and she is 70 herself so won't be getting any more horses when this one goes, so I asked her what she planned to do with the field and she hasn't decided.…
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Make mortgage overpayment or wait until fixed ends in 9 months?
Have money to enable me to make an overpayment of 10% lump sump on my mortgage (no charge). Or do I wait until my fixed term ends in 9 months??
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Remortgaging for second property
I have a quick question please - about possibilities. I want to make sure I explore all of my options, though every case will be different I know. My own home is subject to a mortgage (Nationwide)...small mortgage left. I'm in England I want to relocate to Scotland, which has of course a different buying regime. I have…
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Mortgage Overpayments
Hi, I have a question relating to my mortgage and I wonder if
anyone would be kind enough to advise. My mortgage is split into three sub accounts, I want to make
overpayments, and I wonder if I should split my overpayments equally according
to the % or to make overpayments to the sub account that represents the highest
%…
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Removing Ex from Mortgage and Deeds Without Knowing Their Location
My partner and I own our house as Tennent's in law, we contribute equality, equal deposit amounts and mortgage payments. Therefore a simple clean 50/50 equity split. No other debts or loans secured against the property. I am going to lay the facts out with no emotion as its pretty awful. I want to break up, they say if we…
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LISA - First time buyer
When does the money need to be in your Lifetime ISA to be able to use it for your house purchase? I want to put in an offer on a house over 250K so need to move 4k from HTB ISA TO LISA. So at least i can make use of the 25% bonus on the max 4k/year.. Just need to know when those funds need to be available in the the LISA…
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I own my house outright by myself, how can my partner get a mortgage on half?
Hi, I own my property outright and my partner would essentially like to get a mortgage to own 50% to essentially buy me out of half of the home so that we own it together. He is not yet on any deeds and we are wanting to know any information that could help us. How would this work as we know I would have to be named on the…
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95% ltv with default
I have a 4yo default i am still paying off still owing £1500. I have no missed payments on any credit commitments in the last two years. With £55k earning would any adverse lenders lend at 95% ltv?
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2 houses,sell,or keep only one?
My husband and I have 2 houses,we have been living in both houses with our 6 children,some have now moved out,others are still living with us.One of the houses has come to an end mortgage-wise,it was interest free and we had a massive shortfall.The other house has 65000 repayment (which is up to date)and a few years left…
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Mortgage extension
I’m now divorced,my ex got the house as part of the settlement.the mortgage co won’t release me from the joint mortgage. The ex is responsible for the mortgage. As part of the settlement she received £15k cash. Despite a court agreement to maintain the mortgage she has contacted the mortgage co and they have agreed to…
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Woolwich Openplan offset tracker Mortgage Interest Calculation and offset documents
I am just wondering if there is anyone who has or had an offset mortgage tracker mortgage with the Woolwich ( then absorbed by Barclays ) which was taken out around 2006 -2009. If so does anyone have any guide/booklet or similar document that they were provided with please that explains how the bank calculate the offset…
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Kent reliance
Hi all what is everyone’s experiences with Kent reliance? Have anyone been accepted with them or declined and if so why?
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Remortgage to new lender - interest
I wonder if the situation I have found myself in is correct. My 2 year fixed ended Sat 31/08/2014. I could not complete with my new lender on Friday 30/08/2024 or I’d have had to pay early repayment fee. I could not complete on 01/09/2024 as this is a Sunday. All was perfectly in line and had been for some time to complete…
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Buying a new house when retired.
We are both retired in our early 70's and live in a £300k bungalow (paid for) but wish to upsize to a £800+ bungalow/house. We are looking for an interest only mortgage so that on our joint deaths the new bungalow/house will revert to the lender to pay off the capital since we have no dependants. We have a deposit of just…
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Bad credit mortgage advice
Due to a poor credit rating my partner and I are unable to apply for a mortgage with a high street lender. We are applying to a company who will require a 20% deposit. The property we are considering would be a private sale whereby the present owner has agreed to sell for 15% below the valuation price. Can anyone advise…
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Mortgage interest calculation
I have a tracker mortgage with NatWest. This month my monthly payment was reduced due to the rate cut however the amount of interest I paid was bigger that any of the last three months. Not sure how NatWest worked that out, I would expect my interest to be reduced not the capital. repayment! Is there any way to calculate…
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Any Solicitors on here to tell me if this is possible before wasting my time?
So... heres the score.... I have been gifted my parents full house. Just my dad left now. He has another 2 houses and lives comfortably so doesnt need any other income from that house etc. My plan is to remortgage the house upto 75% of the value and use that money to director loan to my property business so then i can use…
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Do I have to use L&C recommended solicitor?
Hello, in need of some advice as being heavily "encouraged" by both my L&C mortgage advisor and my estate agent to use their recommended solicitor which is stressing me out no end (as an easily persuadable person!) Having looked at the L&C recommendations and their reviews I feel much more comfortable using the EA…