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Can't buy my husband out - options? Joint tenants, tenants in common, deed of declaration of trust?
Hi all, I have a 'joint tenants' 50/50 mortgage with my husband. We split up and the house is on the market but struggling to sell. There is hardly any equity and once it's sold and all fees are paid there will be around £15k left. None of this £15k is coming to me as my husband put most of the deposit down so we've always…
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Disabled facilities grant land charge
Hi, I wonder if someone can help me please. We had a disabled facilities grant a couple of years ago for my son to have a downstairs bedroom, he has recently been diagnosed with epilepsy and his OT has said he now needs a accessable wetroom built so another disabled facilities grant. There is already a land charge on the…
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Product fees
What am I’m missing - Why would you pay a product fee of £999 for a lower mortgage rate on a 5 year fixed rate if the total additional amount in monthly payments you would pay on the higher interest rate where no product fee is payable is £924. I’m paying £999 product fee so that I can save £924. Is there anything else I’m…
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Using existing home equity to buy a new home?
Hi, I own a property worth about £200k mortgage-free. If I wanted to move, but I wanted to keep the house I've already got (and rent it out), can I use the equity I have in it as a "deposit" on the new house? If yes - how would that work? As an example, Halifax reckon I can borrow up to about £385k; so if I sell this house…
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Buying into partners apartment / renting out own house
I own a property (~70% LTV) which I have recently rented out. I have consent to the let with the lender on my current repayment mortgage which is fixed until May 2027. I have move in with my partner. She owns her apartment with a friend who has now moved out. The friend put down the initial £40k mortgage and they split the…
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Paying deposit from different account than proof of deposit account
Hi all, Might be overthinking this, but worried about doing something wrong and delaying buying process. According to my solicitor I will be at the stage of sending my house deposit to them. I currently have my deposit stored in an Aldermore savings account. I have statements ready to send them to show where the money has…
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Increasing my mortage mid-fixed period for house improvements??
I’m planning to do some remodelling in my home and have been quoted approximately £7,000 for the bathroom. Given the current state of the personal loan market (where I’d be lucky to secure loan at around 7% interest), I’m considering asking my mortgage provider if they would allow me to add this cost to my mortgage. Also,…
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Transfer of Equity
I am hoping someone can just offer a little advice please. My husband and I separated in September and I had to leave our marital home due to lots of different factors. He then said he was buying me out of our mortgage - and has begun the process. I’ve been reading up (scarily!) that I may have to pay Captial Gains Tax?…
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How long do you have to be in employment?
Hi, I got a mortgage with Aldermore despite having 8 defaults on my account. I was about to exchange contracts when I got sacked so the sale/purchase was off. I am starting a new job 5/3. How long until I can apply for a new mortgage and get moving? The mortgage broker - Haysto- said 3 months but my probationary period is…
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£5,000 deposit first time buyer mortgage
I thought it worth noting that products are now on the market to enable first time buyers to get on the housing ladder with a flat deposit of £5,000. These products are designed for those with good incomes and solid credit history but with borrowing available up to £495,000 on £500,000 purchase, will do the job for the…
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Yet Another Re-Mortgage Scenario
Looking for some advice. Current mortgage deal about to end. 1.29% fixed with Santander and I overpay £100 a month. They have offered 4.61% fixed for 2 years. 2 years suits me as I am HOPEFUL the rates will come down and if not oh well. I have 11 years 11 months left on repayment period. My LTV is 36% with around £60k left…
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Buy to let on remortgage?
Please can someone help. We are remortgaging our home which is currently mortgage free to purchase a second property for our son to live in. We have an offer in principle from the bank. However we have decided that we are going to set up a formal rental agreement. In order for us to qualify for mortgage interest relief do…
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Pepper Mortgage
We have just applied for a Pepper Mortgage the DIP went though pretty quick and then we carried on with the full application. We received a pre-offer call on 21st February 2025 and was told to expect a mortgage offer within 24/48 hours. Now the 25th February 2025 and we haven’t heard anything should I be worried? I have a…
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Mortgage with 2 historic missed payments
Hi there, just looking for some advice on the reality of being able to get a mortgage with missed payments. I have 2 'missed' payments from 5 years ago on my report, other than that, my report is clean with no other negatives and my score is good. Is getting a mortgage out of the question?
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mortgage underwrtting help
im having major anxiety application went in with leek utd on the 19th - valuation instructed on the 20th, im expecting a call to verify some info as for the decision in principle i declared my cc but not a loan - which i paid off early a few weeks before - but honestly didnt think about it - untill realised still on credit…
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Would all equity release companies refuse if house in in flood risk area
My friend in her late 70's is looking for 20% equity on her cottage but has been told that it's not possible because: 1. The house is in a flood risk area. 2. Because there is commercial property nearby. Can anyone explain the thinking behind this so we can see if there is a way round. I would have thought it was the…
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Re-Mortgage - What to do!
Hi there My 2 year fixed rate mortgage is finishing in 3 months and I'm unsure what to do / what my options are. My current rate is 5.29% (I have 89% LTV). I've looked at my current provider - Skipton - and it seems they will offer me 5.26% for two years fixed or 5.08% for five years fixed (which isn't much better than the…
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First plus charge on my land registry
Hi I am trying to get a remortgage but solicitor wants to know about a firstplus charge attached to land registry. I have no idea where this is from. Anyone advise me of who I can contact to find out? Thanks
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No buildings insurance - will I get a mortgage on my new home?
I bought my first home about 4 years ago. I’ve had an offer accepted on a new house, and I’d like to stay with my current mortgage lender as I’m in a five year fixed term deal. My problem is that it was a term of my original mortgage offer to have buildings insurance in place. I never took out a policy. I know, I’m an…
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Mortgage application gone to audit
Mortgage application went in just over a week ago and got to valuation point. Now pulled for audit? Should I be worried it will be declined or is this completely normal? (Not received a mortgage offer yet)
