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Husband can’t get mortgage in principle
Hi we put our house on the market over 2 years ago. At the time my husband was accepted for a mortgage in principle (mip) that ran out as our house hadn’t sold. we haved now had an offer on our house. My husband applied for a mortgage in principle, with current lender and he wanted to borrow 150000, that would mean that…
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Friend wants to invest in my BTL, we can't work out how...
My BTL is an HMO, house value £600,000, my outstanding mortgage is £350,000. Friend has £300,000 cash to invest, ie, buy half the house (and cover half the outgoings, and receive half the rent and half of the future equity). I would love this, but my mortgage company says no to a declaration of trust, the restriction on…
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Mortgage for Older Person
We are a couple 56 and 54, can we still get a 25 year mortgage? If so does anyone know which lenders will still lend to us over this time period? PF
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Getting a mortgage with previous use of unarranged overdraft
I’ve recently gone into minus balance as an unarranged overdraft with my current account, and I can see it’s on my most recent credit report from this month. It’s something which has been cleared now, and but it has made my score go down a bit and I can see it’s on my credit report. I’m not looking to make a mortgage…
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Understanding Fixed vs. Variable Mortgage Rates: Which is Right for You?
Hi everyone, I'm in the process of choosing a mortgage, and I'm trying to weigh the pros and cons of fixed vs. variable mortgage rates. I understand that fixed rates offer more stability, while variable rates can sometimes save you money depending on market trends. For those who've been through the process, what did you…
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Remortgage conveyancing cost
Hi all. I’m remortgaging for the first time. Changing lenders and paying a lump to reduce the mortgage to £300,000. L&C (broker) recommended a conveyancer Premium Property Lawyers who are quoting ~£300. However, I’ve left it a little late (mortgage deal ends 2nd July) and im worried one of these cheap firms will take ages?…
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Paying into mortgage vs enjoying life a bit more...
We are due to re-mortgage in January, we have settled on a 2 yr fixed at 4.29% over a 6 year team. We have £76,000 left on the mortgage. This year my husband lost his (very stressful) job at 61 and has been unable to get back into the industry. He has now taken a job in a supermarket (much less money but he is much…
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Right to Acquire Mortgage
Hi, Me, my husband and our 2 kids live in a housing association property and I have done so for 7 years and he joined me about 5 years a go. My father sold a property and decided to gift us a lump sum which we didn't want to waste and decided to see if we could mortgage the property through right to acquire. We put through…
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FV-1 Inc
Hi My wife and I have our house up for sale. A search with land registry shows that we have an interim charging order against the property for a small amount with a company called FV-1. inc from 2008. This company are uncontactable. We’ve asked Land registry to remove the charge but the can’t as it was placed on the…
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Remortgage BTL, repay loan or take lump sum
Hi I’m not 100% sure under which category my question/discussion fits into. Im coming up to 55 and the plan was to take 25% lump sum from an old work pension. We are using the money to convert our VW van into a campervan. I have a BTL mortgage with loads of equity. It’s interest only which bothers me so I am going to…
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Source of Funds (long term savings)
I'm thinking of buying a property but proving source of funds seems complex. I'll give a quick explanation; Basically my current property I thought I'd stay in so I didn't keep records of when savings accounts or bonds matured after a few years or so. I'll need to prove source of income but as I'm getting on a bit & have…
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Penalised for taking maternity leave
We’ve been left in a disheartening predicament and was hoping somebody could offer some advice, loop holes or suggestions. Quite a long one so strap in! To paint the picture, I have been self employed for my parents business for 12 years with a very regular and steady income. My husband has a very well paid job and we have…
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Charges against property ( Scotland )
Hi Could someone tell me how long a charge can be registered against a property in Scotland , Does it expire totally after 12 years whether the debt has been paid off or not ? Or is it still outstanding ? Thanks
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Verifying identity to receive Payment, being unsecure
Has anybody else experienced this as i don't know what to do. I had an endowment policy mature which was with Reassure part of The Phoenix Group. I filled out the paperwork but they now want proof of who i am, asking me to send a copy of my drivers license and a copy of a bank statement. They have no digital verification…
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Vida homeloans
Hi has anyone had recent experiences with vida homeloans? We are first time buyers and the only reason we have to go with them is that i have 2 defaults from over 3 years ago (paid off 6 months ago) apart from that my partners credit is really good. Ive seen threads on here from 4 years ago but times have now changed so…
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Buy to let v interest only
Hi all, I have a buy to let mortgage on a property ATM value of the property is about 300,000 outstanding mortgage 139,000the tenant is leaving and I'm moving into the property, can I leave the buy to let mortgage in place? If not I would prefer an interest only mortgage is this possible on a house in living in? Appreciate…
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Mortgage - Business Mileage
Hi, I was wondering if anyone is able to help with the below / had a similar experience when seeking a mortgage. I am currently looking to secure a mortgage. I have a basic salary but I also receive business mileage which is paid monthly at £0.45 per mile. As part of my role requires daily travel, I regularly receive…
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Credit Reference Agency First Direct bank
Hello, can anyone confirm which Credit Reference Agency (or agencies) First Direct report to? Thanks in advance.
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Metro Bank - Mortgage Application - Beware Excessive Processing Times/Poor Service
Having been faced with a section 21 in September we made a mortgage
application to Metro Bank through an advisor (I’m 61). It took over four weeks for Metro to decide
they didn’t like one of the applicants zero-hour contract even though over a two-year
period 2023 and 2024 the P60s show consistent earnings for a zero-hour.…
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House repossession
Hello, my husband and I are split up but not divorced, I have marriage rights/home rights on the home which the mortgage is in his name only, to gets home rights taken off we agreed I get £60k when the house sells, but he is no longer paying mortgage and it looks like it will get repossessed, house value is £550k and…
