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Credit application before completing on BTL mortgage
Hi there, We have a BTL mortgage application just underway that hopefully will complete in about 2 months. On the other hand, we have some renovations going on and would benefit from putting some staff on a 0% credit card (Did not apply for credit before the BTL because this was and still is our priority). Are credit…
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Full repayment of Equity release mortgage issues
My partner's mother passed last November leaving an Equity Release mortgage. Probate has been granted and we now want to repay the mortgage. We are using a solicitor. However, there have been delays getting the final repayment figure. More2Life do not respond quickly. They were due to provide the repayment figure last…
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Best way to help MIL but also protect ourselves
MIL (in her seventies) has found herself on her own and needs to sell her property. Once it's sold she may come out of it with around £70k so obviously not enough to buy somewhere outright and won't get a mortgage. We are trying to come up with a way to help her but also not end up in a tricky situation ourselves. My…
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BTL Remortgage Query
Hi all. I did post a questions about this scenario in the credit file section but I think I'm best to post here for some guidance. My Wife (financially associated with me) has a CTL mortgage on a flat valued at £65k, £40k outstanding mortgage, currently with BOI on SVR. She would like to remortgage this to another lender…
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Maiden name on HMLR Register - stopping remortgage?
Basically - HMLR shows wife's previous name. Mortgage company solicitors says we can't remortgage until details are updated but that'll take a long time. Our fixed mortgage is ending in June. The solicitor spotted that my wife's maiden name is on the HMLR records as we brought the house before we were married. We've just…
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Mortgage shortfall
My home was repossessed in September 2013. The shortfall has been sold to hiyalite who are now chasing me for the arrears. Do I have to pay them
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Proving identity for equity release
Hi My 80+ yo Mum has decided to release some of the capital in her home through the equity release route. She has hit a complication because the first name she is known as and is on some of her documentation, is not the first name that appears on her birth certificate. This is an informal change, not official. The…
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Mining report impact on nationwide mortgae
Hi all, we have already had our nationwide mortgage offer issued last week (22 July) but my solicitor ordered a mining and subsidence survey to be completed in June which found former mining in the area and man-made cavities in the area related (we were already aware that the property was in the area of previous mining…
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buy to let mortgage
For the last 20 or so years I have had a interest only buy to let mortgage. I have always paid the exact amount that the lender requested. However the amount I borrowed has now increased buy an extra 9 thousand pounds. How can this be right?
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Getting a mortgage with a default
I want to know how the default system works on credit report as I have a default from August 2019 and it's been put on my credit report that I defaulted consistently for another 20 months which I will contest however under default date it says 7 August 2019 Now my question is will they take all of these defaults into…
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Expecting a reduced mortgage offer. Options?
We're in the process of applying for a mortgage with Leeds Building Society. We need £415k, but broker says they are currently looking to offer around £340k due to the below reasons; - They aren't happy that my bonus is split into multiple payments across the year, so are only using half my bonus in their multiple. This is…
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Remortgaging - Porting/Additional Borrowing
Forum newbie here looking for some advice with remortgaging. Let me know if any more info required. Current fix is due to expire in June. £320,000 on a 34 yr term. Have been looking around and in touch with brokers about securing a remortgage. Hoping to get a bigger/more expensive place within 18 months so assumed I’d have…
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Proof of Deposit - Bank Statements
I’m starting the process of buying a property in the UK and have a question about proving the source of my deposit. I work full-time with an average salary of £3,500 per month, and my wife is self-employed with a net income of around £1,000 per month. We are able to save £2,500 from my salary each month while covering our…
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Using a LISA for a joint purchase - leftover funds?
I currently own a flat which will (hopefully) have about £160k equity in it when I sell up. When I do, my partner and I would like to buy somewhere together. He will have about £20k in a LISA to put down as a deposit. We reckon the property we buy will be around £350k in which case the plan is to get a mortgage of around…
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Barclays land release
Hi all, I have recently had my land release application rejected by Barclays mortgages due to the fact that I am selling to a family member, they tell me it is the banks policy Has anyone recently tried to do the same with Barclays but been successful? cheers Mark
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Applying for a mortgage before full deposit saved?
Hi there, In short, I am wanting to know whether I can apply for a mortgage and get it approved before I have saved the full deposit? I am looking at 90% LTV. I have a broker on hand who has said it shouldn't be a problem as long as I know I can save it but this contradicts what google says? It's a free broker who gets his…
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Any experience with Mojo mortgages?
We're remortgaging and also making a big overpayment. It does look like just changing product and staying with my current provider makes most sense. Over the weekend I filled in a form for Mojo mortgages (via Zoopla) and the conversation this morning was "interesting" to say the least. They also start an application as a…
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Deed of postponement, is it needed?
Hi, Is a deed of postponement needed if I want a new deal with my current lender? Can't remortgage for 10 years till councils land charges are removed. Thank you.
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Nationwide Mortgage product switch - cancel rate switch and reapply
I set up a product switch on our Nationwide mortgage for 4.26% on a 5 year fixed with no fee set to start on 01/04. I done this a few months ago and have now seen rates have changed. After looking at the calculations it now seems we would be better switching to the 3.99% rate which has a £999 fee attached but even by…
