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Help Needed: Mortgage Refusal Due to Possible Financial Oversight
Hi All, I've recently faced refusals for mortgage applications from two lenders, and both brokers I've worked with are unsure of the reasons. However, I believe I may have identified the issue, and it's likely due to an huge oversight on my part. Here's our situation: * My wife and I own a buy-to-let property since 2022. *…
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Mortgage In Principle application - Online only?
Hello, Are there any lenders that will do an official Mortgage In Principle via an online only application? I've had Mortgage In Principles done in the past, and it is so painful sitting on the phone for them, then all the chaser calls afterwards asking how's my house hunt coming along etc, then I feel bad that I haven't…
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Help to Buy - equity repayment. HELP needed !!
We purchased our house in 2012, yes we have left it a long time to sort out the equity (but now in a financially better place to repay via adding the extra chunk to the mortgage). Started this process in May. The valuation. Received the valuation 3rd of June, and sent it off to them. Paid the £200 fee and instructed a…
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Solicitors acting on a remortgage with associated lease extension - quality of service
Hi all Hope this is in the right part of the forum, feel free to point me towards a more appropriate bit if you think appropriate. The repayment element of the Halifax mortgage on my residential property came to an end in Nov 23 and that would have been the mortgage repaid had I not also borrowed c. £66K on interest-only…
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Mortgages to renovate
Hi I’m new here and would like some advice on moving house from a new build to a much older house that would need plenty of work!! my current property is valued at £380,000 and my equity in this property is £57,000 having only lived here for 4 years so my question is, would I be able to purchase a house valued at £270,000…
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Completion date a month before mortgage term ends
Hello! We are in the process of selling our house - the buyer is in rented accommodation and we have no chain. Our mortgage term ends at the end of Jan 2025 and we're completing by the end of December - this leaves one month on the mortgage for which we have to pay an early repayment penalty of nearly £4k. My question is…
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Remortgage to Buy to let
Me and my husband currently live in a tied house which comes with his job, we have no rent to pay on this property. We bought a flat 6 years ago to have as a back up which has been let out ever since to the same tenant. I re-mortgaged last year for another 5 years but not on a buy to let mortgage. We have consent to let as…
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5-year fixed ending next March and want to move house next summer
Hi All, My 5 year fixed ends in March 2025 and we are looking to move home next Summer to allow our kids to finish their school year before moving. What options do I have to get to the summer without having to go on a standard variable rate for 3-4 months? My current deal is at 1.76% so want to avoid that as it will hit…
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Remortgage vs Additional Borrowing?
Morning guys after some remortgage advice please! 6 weeks away from our remortgage and I’ve currently stuck with Barclays and plan on a 2 year fix, no fee and 4.7% interest. we have no plans to move, the only reason we were thinking a 2 year was because we are thinking of some home improvements in approx 2 years so the…
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Mortgage transfer
Hi my mortgage was transferred from Kensington to Mars finance without my agreement. I understand tgey can do this. However at time of transfer I had just over £1000 arrears which I was paying monthly with no additional charges. Now Mars have accepted £50 monthly for arrears but I was charged £172 interest so my arrears…
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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?
