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Repay/Pay Off Shared Appreciation Mortgage (SAM mortgage) loan?
I have been looking but I cannot find much information on this: My partners father (reluctantly) took out a SAM back in the 90s with Royal Bank of Scotland. He never liked having this loan over his head and has always wanted to pay it off. He has come into some money recently from another investment and wants to use it to…
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Product Transfer
Hi All Just trying to get a sense of reality here I'm no where near the end of my fixed term yet but when it comes to it coming to the end what actually happens - Will they need to do it all again if I product transfer and do the checks , credit and affordability again, or is it just a click of a button online to click…
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Building Society's offering follow-on deals?
Has anyone got any experience of building societies offering follow-on deals once the initial term has expired? I'm currently looking at a property that is not mortgage by the normal highstreet lenders. Various building societies seem to provide specialist lending against the property. The initial 2 or 3yr terms are fairly…
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Removal from joint mortgage
Hi, I'm just after some advice and information. I purchased my home 4 years ago and took out a joint mortgage with my son. He initially did not live in the property and only moved in 6 months ago. I have made all the mortgage payments and have managed financially without any assistance from him. Unfortunately our…
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Trouble getting a mortgage on a site currently used as a CL.
We're buying a house that currently operates as a Certified Location (The Caravan and Motorhome Club). We won't be applying for CL status ourselves, we're just going to enjoy a lovely big garden. We were approved for our mortgage with no issues but then the mortgage lender used a surveyor to value the property and has now…
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Changing mortgage deal when Help to Buy is involved
Hello, I am looking to change my current mortgage deal next year but will keep it with my current provider (Nationwide), but would like some advice around what if anything I need to tell the Help to Buy people. I am sure that I read somewhere that if I want to change my mortgage deal with my current provider I need to get…
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Joint mortgage shortfall ex won't pay
I'm dealing with a horrible situation and would be very grateful for any help or advice please! My partner left an unpleasant relationship over 15 years ago, never married and believed he had signed over the flat to his ex. 2 years ago he received a demand letter to our house stating large arrears/repossession likely and…
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Credit score for mortgage
Hi, I am looking to take out a new mortgage. I have credit card debt and a personal unsecured loan. I have managed to save enough cash to pay one of these off, which would be better for my credit scoring to pay off first ? (credit card is 0%).
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Halifax Mortgage Offer - Second Charge Required for Clawback. Need Advice!
Hi everyone, I’m currently in the process of buying a property, and I’ve hit a bit of a snag with Halifax over the mortgage offer. I’m hoping to get some advice from anyone who’s been in a similar situation or has experience with property law and mortgages. The Situation: I’m buying a new-build flat, and as part of the…
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Credit score preventing more borrowing
My mortgage is up for renewal on my shared equity flat and I’m trying to borrow more to purchase the remaining 10%. I pass all the affordability checks of the banks, but when it comes to the credit check they say they can’t proceed and can’t say why. Initially, I thought this was because I wasn’t on the electoral roll -…
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Barclays Rate Switch examples
Hi all I am planning a barclays rate switch in a few months. I'd welcome anyone experience with this. I can see that they don't do a income or affordability check, would they just also take a desktop valuation in that case? My property has been extended so has more value than when we first had the mortgage, but I wonder if…
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Shared Ownership - here to stay?
Someone I know is keen to buy a first property but lives in Cambridge where the prices are out of reach. Said person is considering Shared Ownership. Reading some bad tales about SO, but friend has also heard of folk who have bought via SO and moved on.To a dinosaur like me it seems like writing an open cheque!I suppose my…
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Mortgage options for house move+renovations
I'm hopefully moving house in the next month or two. If everything goes to plan, I'd be porting our existing mortgage of 65k (fixed until Feb 2025), to the new home. Shortly after moving in, I'd like to do some renovations on the house which will require a new mortgage of ~180k on top of the existing mortgage. The problem…
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NatWest - reduced offer as claim undeclared commitment…any advice
Hi all Applied for a 75% LTV mortgage via a broker and NatWest. Broker contacted me yday to say NatWest are offering 50k less due to undeclared commitment(s). I ran through both mine and my partners credit reports with the broker and can only see the following that may be causing the issue: - on application I said we had…
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Remortgage options - WWYD?
Hi everyone. Remortgaging early next year and just seeking a bit of advice in case my simple mind has 'missed' something. Will be coming off a 5 year fix at low interest (1.1%), outstanding balance circa £63k, 10 years to run (both of us aged 38) Historically pursued a mortgage-free-wannabe strategy, overpaid as much as…
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TSB Mortgage AIP Question
Hi there, So we have just had a Nationwide mortgage declined. Due to account conduct, they believe we were at risk of utilising credit lines after an offer would have been given. The fact it wasnt due to not being able to afford the property gives me a bit of hope. Mortgage broker has reapplied with TSB 26/09 and valuation…
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Remove ex from deeds
Hi guys, i really need some advice. I have a property, i have owned for 13 years, i bought off my mother who paid the deposit. My ex (not married) lived with me at the time and came on the mortgage with me, he moved out after a year so he hasn’t contributed for 12 years. I am now married with a child and so he is he. I…
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Query about stamp duty & my partner
Hi all, I have a query and hoping you can help with my current situation and options moving forward. Some background - i earn £85k per year & my partner earns £43k. We have a home that solely in my name as my partner didn’t have anywhere close to enough for a deposit (we’d only been together 18 months at the time, and I’d…
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Looking to Move, Mortgage up at the end of October
Currently have a mortgage with NatWest. Ends at the end of October. Looking to move and pay some debt off. 57k left on the mortgage so hoping to sell for around 300k and lend around 130k to move and pay some debt off. My 57k mortgage only has 5 years left. Any advice ?
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First Time Buyer - Nationwide application process.
Hi all, extreme worrier here. Just wondering what peoples experience has been like recently with their Nationwide mortgage application. Timeline so far: Application Submitted (Via Broker): 26th September 13:30 Hard Check completed (Clearscore notification) : 26th September Valuation booked for 1st October : 26th September…
